Core Viewpoint - A new company, Wuchang Guangyuan Agricultural and Forestry Comprehensive Development Co., Ltd., has been established with a registered capital of 40 million RMB, fully owned by Wuchang Guoxing Urban Construction Development Investment Co., Ltd. [1] Company Summary - Company Name: Wuchang Guangyuan Agricultural and Forestry Comprehensive Development Co., Ltd. [1] - Legal Representative: Zhao Yanjun [1] - Registered Capital: 40 million RMB [1] - Company Type: Limited liability company (wholly owned by a legal entity) [1] - Business Scope: Includes land remediation services, irrigation services, agricultural professional and auxiliary activities, pollution prevention technology services, land use rights leasing, soil pollution treatment and restoration services, water and soil loss prevention services, non-edible forest products processing, edible agricultural products processing, wholesale of edible agricultural products, leisure tourism activities, water resource management, sales of metal ores, and sales of non-metallic minerals and products [1] - Address: Wuchang City, Harbin, Heilongjiang Province [1] - Registration Authority: Wuchang Market Supervision Administration [1] - Business Duration: Until August 5, 2025, with no fixed term thereafter [1] Industry Summary - National Standard Industry: Agriculture, Forestry, Animal Husbandry, and Fishery [1] - Sub-industry: Agricultural professional and auxiliary activities [1]

Economic Overview - Inner Mongolia's GDP for the first half of the year reached 1,207.76 billion yuan, with a year-on-year growth of 5.4% at constant prices [1] - The primary industry added value was 40.6 billion yuan, growing by 5.5% year-on-year; the secondary industry added value was 553.72 billion yuan, with a growth of 6.3%; the tertiary industry added value was 613.45 billion yuan, increasing by 4.6% [1] Agricultural Sector - Agricultural and pastoral production showed stable growth, with the added value of agriculture, forestry, animal husbandry, and fishery increasing by 5.5% year-on-year [1] - The production of pork, beef, mutton, and poultry reached 1.088 million tons, a year-on-year increase of 6.5%; milk production increased by 3.6% [1] Industrial Sector - The industrial sector maintained steady growth, with the added value of large-scale industries increasing by 7.1% year-on-year [2] - The new energy and related industries saw a significant increase in added value, growing by 18.8% year-on-year [2] Service Sector - The service sector's added value grew by 4.6% year-on-year, with large-scale service industry revenue increasing by 9.8% from January to May [3] - Measures were implemented to enhance service supply and innovation, contributing to the sector's sustained development [2] Investment and Consumption - Fixed asset investment (excluding rural households) increased by 14.8% year-on-year, with the primary industry investment growing by 47.2%, secondary industry by 15.3%, and tertiary industry by 9.1% [3] - Social retail sales totaled 250.81 billion yuan, reflecting a year-on-year growth of 7.7%, with urban retail sales increasing by 7.6% and rural retail sales by 8.5% [3] Income Growth - The per capita disposable income for residents reached 20,042 yuan, showing a nominal year-on-year growth of 5.2% [3]

Group 1 - The establishment of New Millennium Dawn Agricultural Development (Heilongjiang) Co., Ltd. with a registered capital of 100 million RMB [1][2] - The company is wholly owned by Jilin Dawanbei Agricultural Group Co., Ltd. [1] - The business scope includes various agricultural services such as technology services, agricultural production management, and supply chain management [1][2] Group 2 - The legal representative of the company is Li Hanxue [2] - The company is registered in Heilongjiang Province, specifically in Hailun City [2] - The business type is a limited liability company with no fixed term of operation [2]

Core Viewpoint - Wanxianghui Holdings (Jiangsu) Co., Ltd. has been established with a registered capital of 48 million RMB, fully owned by Jiangsu Wanxianghui Agricultural Technology Co., Ltd. [1] Company Summary - The legal representative of Wanxianghui Holdings is Chen Lianying [1] - The registered capital of the company is 48 million RMB [1] - The company is located at No. 700 Tianyin Avenue, Dongshan Headquarters Business Park, Jiangning District, Nanjing [1] - The company type is a limited liability company (wholly owned by a legal entity) [1] - The business term is until July 28, 2025, with no fixed term thereafter [1] - The company is registered with the Jiangning District Administrative Service Management Office [1] Business Scope - The business scope includes holding company services, agricultural scientific research and experimental development, and various agricultural services [1] - Services offered include agricultural production material purchasing, agricultural machinery services, and agricultural production management [1] - The company is involved in the sale and rental of agricultural machinery, soil pollution treatment, and rural tourism resource development [1] - The company also engages in the cultivation and processing of various crops, including grains, vegetables, and fruits [1] - Additional services include irrigation, garden management, and the sale of fertilizers and agricultural films [1]

Group 1 - Shanghai Herun Shichuang Industrial Development Co., Ltd. has been established with a registered capital of 10 million RMB, fully owned by Zhongchuang Green (Shenzhen) Industrial Holding Group Co., Ltd. [1] - The legal representative of the newly established company is Huang Jinhong [1]. - The company operates in various sectors including smart agricultural management, agricultural professional and auxiliary activities, and information consulting services [2]. Group 2 - Zhongchuang Green (Shenzhen) Industrial Holding Group Co., Ltd. holds 100% of the shares in Shanghai Herun Shichuang Industrial Development Co., Ltd. [2]. - The business scope includes primary agricultural product acquisition, soil pollution governance and remediation services, and supply chain management services [2]. - The company is registered in Shanghai, with its business license allowing it to operate various activities, subject to legal approvals where necessary [2].

Core Viewpoint - The report provides an overview of the performance and management of the Hua Bao Zhong Zheng All-Index Agricultural, Animal Husbandry, and Fishery Index Fund for the second quarter of 2025, highlighting its investment strategy, financial indicators, and market conditions affecting the fund's performance [1][2][3]. Fund Overview - Fund Name: Hua Bao Zhong Zheng All-Index Agricultural, Animal Husbandry, and Fishery Index Fund - Fund Manager: Hua Bao Fund Management Co., Ltd. - Fund Custodian: Shanghai Pudong Development Bank Co., Ltd. - Total Fund Shares at Period End: 114,137,173.13 shares [1][2]. - Investment Objective: To closely track the performance of the benchmark index with minimal tracking deviation and error [2][3]. Financial Indicators and Fund Performance - The fund's net value growth rate for Class A shares was 6.00% over the past three months, while Class C shares had a growth rate of 5.92% [6][14]. - The performance benchmark for the fund is defined as the return of the Zhong Zheng All-Index Agricultural, Animal Husbandry, and Fishery Index multiplied by 95% plus the after-tax return of RMB bank demand deposits multiplied by 5% [6][14]. - The fund's performance over various periods includes: - Last three months: 6.00% (A), 5.92% (C) - Last six months: 4.30% (A), 4.14% (C) - Last year: 5.58% (A), 5.27% (C) - Since fund inception: -24.26% (A), -25.06% (C) [6][14]. Investment Strategy - The fund employs a passive index investment strategy, primarily using a full replication method to track the benchmark index's performance [3][14]. - The fund aims to keep the absolute value of daily tracking deviation within 0.35% and annual tracking error within 4% [3][14]. Market Conditions - The report notes a moderate recovery in the domestic macroeconomic environment, with supportive fiscal and monetary policies being implemented [13]. - The A-share market exhibited structural trends, with significant performance differences across sectors during the second quarter of 2025 [13]. - The Zhong Zheng Agricultural, Animal Husbandry, and Fishery Index increased by 5.61% during the reporting period [13].

Core Viewpoint - Recently, Liupanshui Baitong Agricultural Machinery Maintenance Service Co., Ltd. was established, fully owned by Guizhou Baiyao Hongyuan Traditional Chinese Medicine Industry Development Co., Ltd. with a registered capital of 2 million RMB [1] Company Summary - Company Name: Liupanshui Baitong Agricultural Machinery Maintenance Service Co., Ltd. [1] - Legal Representative: Deng Guixing [1] - Registered Capital: 2 million RMB [1] - Shareholder: Guizhou Baiyao Hongyuan Traditional Chinese Medicine Industry Development Co., Ltd. holds 100% [1] - Business Scope: Includes installation and maintenance of agricultural machinery, specialized equipment repair, agricultural machinery services, dismantling and recycling of scrapped agricultural machinery, sales of machinery and agricultural equipment, and agricultural machinery leasing [1] Industry Summary - Industry Classification: Agriculture, Forestry, Animal Husbandry, and Fishery [1] - Address: Guizhou Province, Liupanshui City, High-tech Industrial Development Zone, Hongqiao Middle Road 81, Guizhou Western Agricultural Products Logistics Park [1] - Company Type: Limited liability company (wholly owned by a legal entity) [1] - Business Duration: Until July 17, 2025, with no fixed term [1] - Registration Authority: Liupanshui Market Supervision Administration, High-tech Industrial Development Zone Branch [1]

Core Insights - A new company, Xiushui Guojin Agriculture Co., Ltd., has been established with a registered capital of 50 million RMB [1] - The company is wholly owned by Xiushui Fengning Construction Co., Ltd. [1] - The business scope includes various agricultural activities such as seed production, livestock management, aquaculture, and agricultural machinery leasing [1] Company Overview - Company Name: Xiushui Guojin Agriculture Co., Ltd. [1] - Legal Representative: Chen Dong [1] - Registered Capital: 50 million RMB [1] - Business Type: Limited liability company (non-natural person investment or holding) [1] - Registration Authority: Xiushui Market Supervision Administration [1] Business Scope - The company’s operations include licensed projects such as forestry seed production, grass seed production, timber harvesting, and aquaculture [1] - Additional services include agricultural management, technology services, and various forms of agricultural production and processing [1] - The company is located in Xiushui County, Jiangxi Province, China [1]

Group 1 - A new company, Hengyi (Shandong) Agricultural Development Co., Ltd., has been established with a registered capital of 50 million RMB [1] - The legal representative of the company is Shi Hongchen, and it is wholly owned by Huanyu Times (Shandong) Investment Holding Co., Ltd. [1] - The company operates in the agricultural sector, specifically in professional and auxiliary agricultural activities [2] Group 2 - Huanyu Times (Shandong) Investment Holding Co., Ltd. holds 100% of the shares in Hengyi Agricultural Development [2] - The business scope of Huanyu includes smart agricultural management, investment activities, enterprise management, and various technical services [2] - The company is located in the North Lake Provincial Tourism Resort area of Jining, Shandong Province [2]

Company Overview - Jiangxi Sanbang Smart Agriculture Technology Co., Ltd. has been established with a registered capital of 2 million RMB [1] - The legal representative is Chen Shixian, and the company is wholly owned by Jiangxi Sanbang Zhuming Agricultural Technology Co., Ltd. [1] Business Scope - The company’s business includes the wholesale and retail of pesticides, internet sales of food, road cargo transportation (network freight), and urban delivery services [1] - Additional services include crop cultivation, agricultural machinery services, fertilizer sales, agricultural film sales, and primary processing of edible agricultural products [1] - The company is also involved in the wholesale and retail of edible agricultural products, daily necessities sales, supply chain management services, and ordinary goods warehousing services [1] Regulatory Compliance - The company is required to obtain relevant approvals for certain activities, and it can only operate within the validity period of these approvals [1] - The business activities are subject to the regulations set by the relevant authorities, and specific projects may require licenses [1] Industry Classification - The company falls under the national standard industry classification of agriculture, forestry, animal husbandry, and fishery, specifically in professional and auxiliary agricultural activities [1]