「2025.06.27」 苹果市场周报 瑞达期货研究院 多空因素交织，苹果宽幅震荡 研究员：张昕 期货从业资格号F03109641 期货投资咨询从业证Z0018457 关 注 微信服 务 号 业务咨询 添加客服 目录 1、周度要点小结 2、期现市场 3、产业情况及期权 4、期股关联 「 周度要点小结」 行情回顾：本周苹果期货2510价格震荡，周度下跌0.44%。 未来交易提示： 1、去库率 2、消费 3、新作产量 3 「 期货市场情况」 本周苹果期货价格走势 图、苹果主力合约价格走势 来源：郑商所 瑞达期货研究院 行情展望：新季苹果方面，产区套袋工作结束，产量问题逐渐明朗，根据市场对 陕西苹果主产区坐果和套袋情况调研来看，陕西今年坐果套袋情况较去年同期减 产幅度预计在5%-10%。截至2025年6月25日，全国主产区苹果冷库库存量为 106.91万吨，环比上周减少9.58万吨，走货速度较上周放缓，同比有所减慢。山 东产区库容比为14.76%，较上周减少0.84%，去库速度同比减慢。山东产区套袋 农忙结束，部分持货商及果农略有急售心理，但整体客商数量不多，客商仍青睐 性价比高的货源，整体走货不快。陕西产区库容比 ...

据上猷阁村党支部书记李勤勤介绍，为延长蓝莓产业链，该村还先后开发了蓝莓汁、蓝莓酒、蓝莓酱， 深受消费者的好评。接下来，该村将继续探索"农业+文旅+研学"融合模式，推动乡村振兴。 小朋友在常山县上猷阁村采摘蓝莓。郑召隆 摄 杨梅是浙江最具特色的优势农产品之一，该省现已培育浙东、浙南、浙中三大杨梅优势产区，今年杨梅 总产量预计达到74万吨。 中新网杭州6月23日电 题：浙江乡村：时令果蔬迎丰收 "甜蜜经济"促振兴 作者 项菁 夏季是瓜果蔬菜大量上市的时节。在浙江各地乡村，蓝莓、杨梅、桃子、水果玉米等时令果蔬喜获丰 收，"甜蜜经济"勾勒出一幅幅乡村振兴画卷。 近日，在衢州市常山县芳村镇上猷阁村的蓝莓种植基地，10余名村民身披雨衣，忙着采摘蓝莓。据介 绍，今年该村蓝莓产量约2.5万公斤，市场价卖到每公斤40元至50元。 2019年，上猷阁村依托绿水青山资源优势，利用浙江省山海协作工程的扶持资金，开始种植蓝莓新品 种"蓝美1号"。此后，该村蓝莓产业发展迅速，并打响了知名度。 在嵊州市开元村，农户们对现摘的水果玉米进行处理和打包。周丹 供图 为浙江农户带来"甜蜜经济"的，还有一根根玉米。 "水果玉米已经售罄，甜糯玉米正式 ...

宏辉果蔬股份有限公司相关债券 中鹏信评【2025】跟踪第【272】号 01 信用评级报告声明 除因本次评级事项本评级机构与评级对象构成委托关系外，本评级机构及评级从业人员与评级对象不存 在任何足以影响评级行为独立、客观、公正的关联关系。 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客 观、 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使用者应及时登陆本公司网站关注被评证券信用评级的变化情况。 本评级报告版权归本评级机构所有，未经授权不得修改、复制、转载和出售。除 ...

●"宏辉转债"不可作为债券质押式回购交易的质押券。 证券代码：603336 证券简称：宏辉果蔬 公告编号：2025-034 转债代码：113565 转债简称：宏辉转债 宏辉果蔬股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ●前次评级结果：公司主体信用等级为"A+"，评级展望为"稳定"；"宏 辉转债"债项信用等级为"A+"。 ●本次评级结果：公司主体信用等级为"A+"，评级展望为"稳定"；"宏 辉转债"债项信用等级为"A+"。 根据《上市公司证券发行管理办法》和《上海证券交易所股票上市规则》的 相关规定，宏辉果蔬股份有限公司（以下简称"公司"）委托信用评级机构中证 鹏元资信评估股份有限公司（以下简称"中证鹏元"）对公司于 2020 年 2 月公 开发行的 A 股可转换公司债券（简称"宏辉转债"）进行了跟踪信用评级。 宏辉转债前次评级结果：公司主体信用等级为"A+"，评级展望为"稳定"； "宏辉转债"债项信用等级为"A+"。评级机构为中证鹏元，评级时间为 2024 年 6 月 27 日。 中证 ...

Core Viewpoint - Guotou Zhonglu Juice Co., Ltd. plans a major asset restructuring by acquiring the controlling stake of China Electronic Engineering Design Institute from its parent company, Guotou Group, while raising matching funds. This transaction is classified as a significant asset restructuring but will not change the controlling shareholder or actual controller of the company [1][8]. Group 1: Company Overview - Guotou Zhonglu's main business is the production and sale of concentrated fruit and vegetable juices, with concentrated apple juice accounting for over 75% of its products. More than 80% of its products are exported, primarily to markets in the US, Japan, Europe, Australia, Canada, and Russia [5]. - The China Electronic Engineering Design Institute, established in 1953, focuses on electronic information industry and smart city sectors, providing a range of engineering technical services and solutions [4]. Group 2: Financial Performance - Guotou Zhonglu has faced weak profitability, with significant borrowing to maintain operations. Revenue from 2020 to 2024 was 1.148 billion, 1.450 billion, 1.727 billion, 1.487 billion, and 1.987 billion respectively, while net profits were -121 million, -8 million, 10 million, 6.7 million, and 3.8 million respectively [9]. - Despite overall revenue growth, net profit has not followed the same trend, with a 49.75% decrease in net profit in 2024 compared to the previous year, attributed to declining product prices and increased costs [10]. Group 3: Strategic Implications - The acquisition represents a cross-industry move for Guotou Zhonglu, potentially allowing it to enter the semiconductor industry and improve asset quality and profitability [6][8]. - This is the first major acquisition attempt by Guotou Zhonglu in nearly a decade, with the last significant restructuring attempt dating back to 2014, which ultimately failed [10].

走进滑县八里营镇张路寨村的连栋大棚内，一排排整齐的圣女果植株上，或红、或黄、或绿的果实点缀其上。种植户和工人们穿梭在植株 间，熟练地采摘着成熟的果实。 央视网消息：随着夏日暑气渐盛，江南特色水产——"六月黄"螃蟹上市，为市民餐桌带来独特的一份鲜美。我们一起到江苏常州去看看。 河南滑县：3.5万余亩彩色圣女果收获 眼下，在不少地方，圣女果产销已经进入尾声，但是在河南安阳滑县，3.5万余亩彩色圣女果却迎来盛果期，错峰上市可使果农每斤增收 0.6元左右。 河南安阳滑县种植户 闰配恩：我这8亩地圣女果，每天能摘4000来斤，这样错开时间种，每斤能高6毛左右，（每亩地）能多增收一万多 块钱。 在江苏常州指前镇的多个蟹塘内，蟹农熟练地拉起地笼，一只只青壳白肚的"六月黄"螃蟹被捞出水面。"六月黄"是大闸蟹在进入成熟期前 完成最后一次蜕壳的"童子蟹"，大多能长到2两左右，凭借其鲜嫩肉质和独特风味，迅速成为了当下市场热门。 在包装现场，一颗颗皮薄肉厚的圣女果在流水线上有序滚动，工人们仔细分拣、精心包装后，送上货车发往全国各地。据了解，在周边地 区圣女果产销进入尾声之际，当地通过推广改良品种，推行"错峰种植"模式，在提高单价的同 ...

Core Viewpoint - Guotou Zhonglu plans to issue shares to acquire controlling stake in China Electronic Engineering Design Institute, marking a strategic shift into the engineering design sector [1][4]. Group 1: Major Asset Restructuring - Guotou Zhonglu announced a major asset restructuring plan involving the issuance of shares to acquire equity in the target company, with specific details to be finalized in a formal agreement [4]. - The transaction is expected to be classified as a major asset restructuring and related party transaction, but it will not change the company's controlling shareholder or actual controller [4]. Group 2: Financial Performance - In 2024, Guotou Zhonglu reported a revenue of 1.987 billion yuan, a year-on-year increase of 33.65%, but a net profit of 29.25 million yuan, a decline of 49.75% [5]. - In Q1 2025, the company saw a significant rebound with revenue of 573 million yuan, up 58.03%, and a net profit of 27.01 million yuan, an increase of 217.54% [5]. Group 3: Company Background - Guotou Zhonglu, controlled by Guotou Group, was listed on the Shanghai Stock Exchange in 2004 and is the first state-owned enterprise in the concentrated apple juice industry to be listed on the domestic main board [7]. - The company primarily produces and sells concentrated fruit and vegetable juices, with concentrated apple juice accounting for over 75% of its total product volume [7].

【导读】国投中鲁拟发行股份收购电子院控股权，或跨界进军工程设计领域 见习记者 杨晨 6 月 23 日晚间，以果汁生产为主业的国投中鲁（证券代码： 600962 ）披露停牌公告，宣 布正在筹划重大资产重组事项。 公告称，国投中鲁近日收到控股股东国家开发投资集团有限公司（以下简称国投集团）的通 知，拟筹划与公司有关的重大资产重组事项。公司拟向国投集团等相关方发行股份购买中国 电子工程设计院股份有限公司（以下简称电子院）控股权，同时，向不超过 35 名符合条件的 特定对象发行股份募集配套资金。 根据相关规定，国投中鲁于 6 月 24 日开市起继续停牌，预计合计停牌时间不超过 10 个交 易日。此前，据上交所网站消息，国投中鲁于 6 月 23 日起停牌，停牌原因为重要事项未公 告。 构成重大资产重组 6 月 22 日，国投中鲁与国投集团签署《发行股份购买资产框架协议》，约定公司通过发行股 份的方式购买标的公司若干股权，具体交易对方及标的资产的具体范围、对价支付方式等由 交易各方另行签署正式协议予以约定。 经初步测算，预计本次交易构成 重大资产重组 ，构成关联交易；但不会导致公司控股股东、 实际控制人发生变更，亦不构成 ...

Group 1 - The major change in "Guotou System" involves Guotou Zhonglu Juice Co., Ltd. planning to issue shares to acquire controlling interest in China Electronic Engineering Design Institute Co., Ltd. and raise matching funds from up to 35 qualified investors [1] - The transaction is expected to constitute a significant asset restructuring but will not lead to a change in the controlling shareholder or actual controller, nor will it constitute a restructuring listing [1] - Guotou Zhonglu's main business remains unchanged, focusing on the production and sales of concentrated fruit and vegetable juices, with concentrated apple juice as the leading product [1] Group 2 - In Q1 2025, Guotou Zhonglu achieved revenue of 573 million yuan and a net profit attributable to shareholders of 27.01 million yuan [1] - The company has a strong export presence in concentrated apple juice, ranking among the top globally, with a stable customer base including well-known beverage and food companies [1] - Recent management changes include the appointment of Wang Wei as a non-independent director and the resignation of Chen Hao as general manager, with a total of 7 executive changes in the past year [2] Group 3 - The Electronic Engineering Design Institute focuses on the electronic information industry and smart city sectors, possessing leading core technology advantages in electronic engineering [3] - The institute has advanced capabilities in engineering construction, digital twin technology, and overall solutions for the industrial internet, as well as intelligent building design and operation in the smart city domain [3]

Group 1 - The core point of the article is that Guotou Zhonglu Juice Co., Ltd. plans to acquire a controlling stake in China Electronic Engineering Design Institute through a share issuance, marking a significant asset restructuring and an attempt to diversify its business beyond traditional juice production [1][2] - The acquisition is expected to create synergies in business, resources, and technology between Guotou Zhonglu and the Electronic Institute, potentially enhancing production efficiency and product quality in juice manufacturing [3][4] - The move is seen as a strategic initiative to reduce reliance on a single agricultural business and inject technological attributes into Guotou Zhonglu's operations, reflecting a broader trend of traditional manufacturing companies seeking transformation through mergers and acquisitions [3][4] Group 2 - Guotou Zhonglu's main business remains the production and sale of concentrated fruit and vegetable juices, with concentrated apple juice as its leading product, primarily focused on exports [2] - The Electronic Institute specializes in electronic engineering and smart city solutions, possessing advanced capabilities in engineering construction and digital twin technology, which could benefit Guotou Zhonglu's operational efficiency [2][4] - Successful integration of the two companies could lead to a unique competitive advantage characterized by state-owned background, listed company capital, and core electronic engineering technology, potentially reshaping the competitive landscape of the electronic design industry [3][4]