"中山香农"沪上 贺岁，广货年味 行销上海_南方 +_南方plus 1月31日至2月2 日，"广货行天 下·中山百货进 上海"活动在上 海市浦东新区 EKA天物创意园 和虹口市瑞红新 天地太阳宫举 办。中山市农业 区域公用品 牌"中山香农"携 黄圃腊味、神湾 菠萝、东升脆肉 鲩等多款地标农 产品首次集中亮 相上海，旨在通 过长三角核心市 场提升品牌辐射 力。 本次参展汇集了 中山市农业投资 发展有限公司、 "中山香农"品牌亮相上海。 广东葡口科技实 业有限公司、中 山新洋水产食品 有限公司、咀香 园食品（中山） 有限公司、广东 省中山食品进出 口有限公司、广 东美怡乐食品有 限公司以及民众 浪网经济贸易有 限公司等7家本 地农业龙头企 业，共推出腊 此外，自1月30 日至2月9日，品 牌还将同步参 与"广货行天 下"广东特色农 产品进上海营销 活动，在首届浦 东中国年味节进 行持续展销，进 一步拓展品牌影 响力。 此次活动不仅是 产品展销，更是 中山农业品牌跨 区域传播的重要 尝试。展望未 来，品牌将持续 以品质与文化为 核心，深化长三 角市场布局。线 上，计划拓展电 商平台、开展内 容营销，讲述中 山农产品 ...

Core Viewpoint - The timely provision of a 1 million yuan loan to a local enterprise engaged in the processing of corn cobs highlights the importance of financial support for small and micro enterprises, especially in challenging conditions like heavy snowfall [1][2] Group 1: Company Operations - The enterprise, led by Mr. Dong, specializes in the acquisition and deep processing of corn cobs, converting agricultural waste into high-value products such as furfural and xylitol [1] - The utilization of corn cobs not only enhances the income of local farmers but also creates job opportunities, contributing to a green and prosperous industry [1] Group 2: Financial Support and Impact - The company faced a liquidity challenge due to significant investments in equipment upgrades and raw material storage, prompting the need for a 1 million yuan working capital loan [1] - The bank's commitment to conducting on-site investigations and promptly disbursing the loan demonstrates its trust in local industries and its dedication to supporting small businesses during tough times [2] - With the loan secured, the company can stabilize its inventory and expand its procurement scale, ensuring full operational capacity throughout the year [2]

Core Insights - Ningxia Hui Autonomous Region is leveraging its geographical disadvantages by implementing a "Westward Opening" strategy, aiming for a total foreign trade import and export value of 20.99 billion yuan by 2025 [1] - The region has seen a year-on-year growth of 3.4% in foreign trade, with exports to Belt and Road countries increasing by 8.8%, agricultural product exports rising by 20.1%, and electromechanical product exports growing by 19.2% [2] Group 1: Trade and Economic Development - Ningxia's foreign trade environment is improving due to increased government support for cross-border e-commerce and foreign trade enterprises, leading to a more robust talent pool in the industry [4][7] - The introduction of the "TIR+ Bonded" innovative business model has streamlined international logistics, allowing for efficient cross-border transport and reducing transit times by nearly half [6] Group 2: Company Operations and Market Expansion - Companies like Haohan Biotechnology are actively expanding their overseas markets, transitioning from exporting basic agricultural products to high-value-added processed goods, such as goji berry juice and powder [3][4] - The export business now constitutes 60% of Haohan's total operations, with products reaching markets in Germany, the Netherlands, Japan, Thailand, and Vietnam [4] Group 3: Logistics and Customs Operations - The Silver River Customs is enhancing its operations to facilitate the export of local specialty products, focusing on small but high-quality goods like goji berry juice and wine [7][8] - Innovations in customs procedures, such as simplified filing processes and dedicated cross-border e-commerce channels, are supporting the growth of local businesses in international markets [8]

Core Viewpoint - The establishment of the "Coconut Route" from Palu Port in Indonesia to Yangpu Port in Hainan has significantly accelerated coconut imports, with Hainan becoming the leading port for coconut imports in China by 2025 [1] Group 1: Import Statistics - In 2025, Hainan's port is projected to import 592,000 tons of coconuts, representing a year-on-year increase of 17.3% [1] - Of this total, 516,000 tons will be imported from Indonesia, marking a 34.3% increase and accounting for 87.2% of Hainan's total coconut imports [1] Group 2: Logistics and Processing Improvements - The logistics process has improved significantly, reducing the time from port arrival to factory entry through measures like "advance declaration" and "appointment inspection" [1] - Local coconut processing enterprises benefit from a "zero tariff" policy, which reduces tax on imported production equipment, thereby lowering initial investment and production costs [1] Group 3: Export Developments - In 2025, Hainan successfully achieved its first export of crude coconut oil to Malaysia, alongside accelerated exports of coconut juice, coconut milk, and coconut sugar to international markets [1]

Core Viewpoint - The article highlights the transformation of traditional sweet potato drying practices in Gai Zhu Village, Zhejiang, into a modern industry, driven by innovation and digital marketing strategies, which has significantly increased production and sales. Group 1: Traditional Practices and Innovations - The traditional method of making sweet potato dried snacks involves a complex process of selection, cleaning, slicing, steaming, and drying, which was initially challenging due to issues like mold during the long sugarization period [3][4] - In 2018, the introduction of a "manual temperature and humidity control sugarization method" improved the quality of the sweet potato dried snacks, ensuring consistency in color and texture [4] - The integration of smart steam equipment was aimed at preserving traditional methods while enhancing quality control through precise temperature and time management [4] Group 2: Economic Impact and Community Development - The establishment of the "Sheyuan Gongfu Workshop" in collaboration with government departments aims to support low-income farmers by providing quality seed potatoes and technical guidance, creating a sustainable agricultural model [5] - The workshop has generated over 6 million yuan in output value and has directly and indirectly increased the income of more than 150 farming households [5] Group 3: Digital Marketing and Sales Expansion - The shift to online sales, led by the daughter of the founder, has successfully connected traditional products with modern consumers, resulting in significant sales growth, including 30,000 jin of products sold within two months [6] - The transformation of the workshop into a "shared live streaming room and supply chain base" has facilitated a flexible collaboration network, enhancing product visibility and market reach [6] Group 4: Future Plans - Future plans include the introduction of more intelligent standardized production equipment and automated assembly lines to improve efficiency while maintaining traditional methods [6] - There are intentions to design modern packaging and create cultural gift boxes to attract younger consumers, along with establishing a traceability system for the entire production process [6]

Core Viewpoint - Double Tower Foods (002481.SZ) forecasts a significant decline in net profit for the fiscal year 2025, with expected earnings between 28 million to 40 million yuan, representing a year-on-year decrease of 57.72% to 70.41% [1] Financial Performance - The net profit attributable to shareholders is projected to be between 28 million to 40 million yuan, a decline of 57.72% to 70.41% year-on-year [1] - The net profit after deducting non-recurring gains and losses is expected to be between 25 million to 37 million yuan, reflecting a decrease of 55.61% to 70.01% year-on-year [1] - Basic earnings per share are estimated to be between 0.022 yuan to 0.032 yuan [1] Business Challenges - The overseas export business of pea protein has been significantly impacted, contributing to the decline in profitability [1] - The decrease in the selling price of pea starch has led to asset impairment provisions, further affecting financial results [1]

Core Viewpoint - Jingliang Holdings (000505) is expected to report a net loss of between 230 million yuan and 320 million yuan for the year 2025, indicating significant financial challenges ahead [1] Financial Performance - The company anticipates a net loss of 250 million yuan to 340 million yuan after excluding non-recurring gains and losses [1]

Investment Rating - The report maintains an "Overweight" rating for the agriculture, forestry, animal husbandry, and fishery industry [1][41]. Core Insights - The SW agriculture, forestry, animal husbandry, and fishery industry slightly underperformed the CSI 300 index, with a decline of 0.07% from January 16 to January 29, 2026, lagging behind the index by approximately 0.12 percentage points [3][10]. - Most sub-sectors recorded positive returns during the same period, with notable increases in planting (9.25%), animal health (4.71%), agricultural product processing (4.12%), and fishery (1.82%), while feed and breeding sectors saw declines of 0.02% and 2.84%, respectively [3][13][14]. - The overall price-to-book (PB) ratio for the industry was approximately 2.66 times as of January 29, 2026, indicating that the industry is at a relatively low valuation level compared to historical averages, positioned at about 59.9% of the valuation center since 2006 [3][18]. Industry Key Data - **Pig Farming**: - The average price of external three yuan pigs fluctuated from 12.76 CNY/kg to 13.24 CNY/kg before dropping to 12.52 CNY/kg during the reporting period [3][22]. - The breeding sow inventory reached 39.61 million heads by the end of December 2025, a decrease of 0.73% from the previous month, remaining within the normal range of 39 million heads [3][22]. - The profit from self-bred pigs was 25.1 CNY/head, while the profit from purchased piglets was 124.13 CNY/head, both maintaining positive profitability [3][26]. - **Poultry Farming**: - The average price of broiler chicks was 2.31 CNY/chick, showing a slight decrease, while the average price for layer chicks was 3.2 CNY/chick, which saw a minor increase [3][28]. - The average price for white feather broilers was 7.74 CNY/kg, with a profit of 0.39 CNY/chick, indicating a recovery in profitability [3][32]. - **Aquaculture**: - The average wholesale price for crucian carp and carp was stable, with prices at 19.4 CNY/kg and 13.88 CNY/kg, respectively, showing slight increases [3][33]. Industry Important News - The Ministry of Agriculture and Rural Affairs held a meeting to discuss stabilizing beef production and alleviating dairy industry challenges, emphasizing the need for effective policies to support these sectors [3][35]. - A meeting was also held to coordinate efforts in the seed industry revitalization action, focusing on enhancing domestic seed security and promoting technological independence [3][38]. Company Highlights - Key companies to watch include: - Muyuan Foods (牧原股份, 002714): A leading player in pig farming with cost and scale advantages [3][42]. - Haida Group (海大集团, 002311): A leading feed company expected to maintain steady market share growth [3][42]. - Shengnong Development (圣农发展, 002299): A leader in the white feather broiler industry with advantages in seed sources [3][42]. - Reap Bio (瑞普生物, 300119): A leader in the animal health sector with a growing product matrix for pet health [3][42]. - Longping High-Tech (隆平高科, 000998): A leading seed company with advanced transgenic reserves [3][42].

1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The price of the main contract of Zhengzhou jujube futures rose this week, with a weekly increase of about 1.70%. The Spring Festival is the traditional peak season for jujube consumption, and entering the twelfth lunar month is the last wave of stocking period before the Spring Festival. Due to the relatively dispersed acquisition structure in the 2025 production season, the industry generally has a cautious expectation for the new season's market after the Spring Festival. Therefore, most holders tend to actively sell goods to reduce inventory pressure. The inventory of 36 sample physical warehouses decreased this week, but the current sales speed is slower compared to the same period last year, and the expected pre - holiday sales volume accounts for 40 - 50% of the mainland procurement volume, with limited subsequent growth space. The 2025/26 jujube production season is expected to see a decline in production [10][13] 3. Summary According to the Directory Week - ly Key Points Summary - Future trading prompts include spot prices and the consumer side - The price of the main contract of Zhengzhou jujube futures rose this week, with a weekly increase of about 1.70% - The Spring Festival is the peak consumption season for jujubes, but the industry is cautious about the post - holiday market. Holders are eager to sell to reduce inventory - As of January 29, 2026, the physical inventory of 36 sample points was 13,143 tons, a decrease of 925 tons from last week, a 6.58% month - on - month decrease and a 23.99% year - on - year increase. The current sales speed is slower than last year, and the expected pre - holiday sales volume accounts for 40 - 50% of the mainland procurement volume [10] Futures and Spot Market - Futures price: The price of the Zhengzhou jujube 2605 contract rose this week, with a weekly increase of about 1.70% [13] - Futures positions: As of this week, the net position of the top 20 in jujube futures was - 18,529 lots [15] - Futures warehouse receipts: As of this week, the number of Zhengzhou jujube warehouse receipts was 3,317 [20] - Futures price difference: As of this week, the price difference between the Zhengzhou Commodity Exchange jujube futures 2605 contract and the 2609 contract was - 215 yuan/ton [23] - Basis: As of this week, the basis between the spot price of Hebei grey jujubes and the main contract of jujube futures was 350 yuan/ton [26] - Spot purchase price: As of January 30, 2026, the purchase price of Aksu jujube bulk goods was 5.15 yuan/kg, Alar was 5.65 yuan/kg, and Kashgar was 6.5 yuan/kg - First - grade jujube spot price: As of January 30, 2026, the wholesale price of first - grade grey jujubes in Cangzhou, Hebei was 4.1 yuan/jin, and in Henan was 4.15 yuan/jin - Special - grade jujube spot price: As of January 30, 2026, the spot price of special - grade grey jujubes in Cangzhou, Hebei was 9.30 yuan/kg, and the wholesale price in Henan was 9.44 yuan/kg [29][30][35] Industry Chain Situation - Supply side - inventory: As of January 29, 2026, the physical inventory of 36 sample points was 13,143 tons, a decrease of 925 tons from last week, a 6.58% month - on - month decrease and a 23.99% year - on - year increase [39] - Supply side - production: The jujube production in the 2025/26 production season is expected to decline [43] - Demand side - export: In December 2025, China's jujube export volume was 5,071,577 kg, the export value was 79,876,362 yuan, and the export average price was 15,749.81 yuan/ton. The export volume increased by 43.36% month - on - month and decreased by 18.20% year - on - year. From January to December 2025, the cumulative export volume was 34,362,765 kg, a cumulative year - on - year decrease of 3.58% [46] - Demand side - BOCE trading: This week, the BOCE Xinjiang Zao Hao brand had only a small amount of orders [51] Options Market and Futures - Stock Linkage - Options market: The implied volatility of at - the - money jujube options this week was mentioned, but no specific data was provided - Stock market - Haoxiangni: The price - to - earnings ratio of Haoxiangni was presented, but no specific analysis was provided [52][54]

Group 1 - The agricultural processing sector increased by 0.88% on January 30, with Tianye Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] - Key stocks in the agricultural processing sector showed various performance metrics, with Tianye Co., Ltd. closing at 4.90, up 3.16%, and trading volume of 467,000 shares, amounting to 232 million yuan [1] Group 2 - The agricultural processing sector saw a net inflow of 178 million yuan from main funds, while retail investors experienced a net outflow of 241 million yuan [2] - Major stocks like COFCO Sugar and Tianye Co., Ltd. had significant net inflows from main funds, with COFCO Sugar receiving 101 million yuan, representing 7.13% of its total [3] - Retail investors showed a negative trend in several stocks, with COFCO Sugar and Tianye Co., Ltd. experiencing net outflows of 8.57 million yuan and 3.54 million yuan, respectively [3]