Core Insights - Dalian Xusheng Aquatic Products Co., Ltd. is actively involved in the sea cucumber farming industry, receiving financial support from Postal Savings Bank of China to stabilize operations amid declining prices [1][2] - The total industrial output value of Dalian's sea cucumber industry exceeds 30 billion yuan, indicating a strong market demand for financing [1][2] - Postal Savings Bank has developed a comprehensive financial service system that connects core enterprises with farmers, enhancing support for the sea cucumber industry [1][2][3] Financial Innovations - Postal Savings Bank has introduced differentiated financial solutions, including credit and agricultural guarantee loans for farmers recommended by core enterprises, and credit or pledge loans for downstream processing and sales [2][3] - A financial support service station for sea cucumber farmers was established in collaboration with Xusheng Aquatic Products during the Dalian Sea Cucumber Harvest Festival, further extending financial services to the grassroots level [2] - The bank has launched a salted sea cucumber pledge loan product, allowing for a more flexible financing approach that addresses the unique challenges of the sea cucumber industry [3] Market Challenges - The sea cucumber industry faces significant funding gaps due to the long cultivation period and high costs associated with seedling production, as well as the mismatch between harvesting and sales periods [2] - Traditional real estate mortgage financing methods are inadequate for meeting the specific needs of sea cucumber industry clients [2][3] Product Diversity - Postal Savings Bank offers a variety of financial products, including "Express Loans" for small-scale farmers to meet their funding needs for purchasing seedlings, ensuring that all types of farmers receive appropriate financial services [3]

行业 生猪日报 日期 2025 年 07 月 08 日 021-60635740 期货从业资格号：F3055047 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号：F0301101 021-60635727 期货从业资格号：F0230741 研究员：洪辰亮 021-60635572 hongchenliang@ccb.ccbfutures.co m 期货从业资格号：F3076808 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 农业产品研究团队 研究员：林贞磊 linzhenlei@ccb.ccbfutures.com 研究员：余兰兰 研究员：王海峰 wanghaifeng@ccb.ccbfutures.com 研究员：刘悠然 请阅读正文后的声明 ＃summary＃ 每日报告 一、行情回顾与操作建议 数据来源：涌益，建信期货研究中心 请阅读正文后的声明 - 2 - 生猪行情： 期货方面，7 日生猪主力 2509 合约低开后冲高回落震荡走跌，尾盘收阴，最 高 14310 元/吨，最低 14 ...

为进一步发挥"特色之乡"地域名片的作用，日前，湖北省农业农村厅出台《高质量打造"特色之乡"行动 方案》（以下简称《行动方案》），将按照"重点支持一批、积极培育一批、整合优化一批"思路，引导 各地发挥比较优势，做大做强特色产业，打造县域经济发展的重要引擎，整体提升"特色之乡"发展活力 和影响力。 根据《行动方案》提出的目标，到2030年，湖北力争打造10个在全国知名和20个在全省有重要影响 的"特色之乡"，让"特色之乡"地域名片和特色产业发展相互促进、相得益彰。 积极建设63个"特色之乡" 仙桃享有"中国黄鳝之都"的美誉，拥有全国单体规模最大的黄鳝繁育基地、全国最大的黄鳝产地贸易市 场，是全国两个黄鳝主产区之一。 湖北黄鳝集团有限公司相关负责人介绍，今年黄鳝育苗从4月中旬开始，到7月中旬结束，预计将持续3 个月。届时，数亿尾鳝宝宝将从这里游向大自然。 近年来，仙桃聚焦黄鳝产业"种、养、加、销、安"一体化发展战略，不断延伸产业链条，目前，已构 建"种、养、加、销、安"一体化、全链条发展模式，全产业链综合产值突破百亿元。2024年，"仙桃黄 鳝"区域公用品牌价值达226.71亿元，并入选国家农业品牌精品培育计划。 ...

Group 1 - The first industrial operational floating photovoltaic project using seawater has been completed and put into use in Qingdao West Coast New Area, which can reduce carbon dioxide emissions by 14,000 tons, demonstrating significant potential for promoting floating photovoltaic technology in coastal and shallow sea areas [1] - Qingdao West Coast New Area, themed on "marine economic development," has accelerated the cultivation of new marine productivity, with the marine production value accounting for 43.8% of the total marine production value in Qingdao City in the first quarter [1] - The establishment of the Science and Marine Development Committee in Qingdao West Coast New Area aims to integrate marine resources and foster new marine productivity through technological innovation, with 12 national-level marine research institutions and 298 marine innovation platforms currently in place [1] Group 2 - The delivery of the world's first 150,000-ton smart aquaculture vessel "Guoxin 1" and the initiation of Phase II clinical trials for the first marine anti-tumor drug BG136 highlight the rapid development of the modern marine industry system in Qingdao West Coast New Area, supported by technological innovation [2]

Group 1 - The company reported a total eel output of approximately 2,553.46 tons in June 2025, with external sales accounting for about 1,896.84 tons and self-use for approximately 656.62 tons [1] - The output specifications for June 2025 primarily ranged from 1P to 4P, with sales prices varying between 57,000 yuan/ton and 87,000 yuan/ton [1] - Cumulatively, from January to June 2025, the company achieved an eel output of approximately 9,502.51 tons, with external sales of about 6,240.34 tons and self-use of around 3,262.17 tons [1] Group 2 - The output specifications are generally categorized by the number of eels per kilogram, referred to as P numbers [2] - The data provided is based on internal statistics and has not been audited, serving only as a reference for investors regarding the company's eel farming operations [4] - The company does not make any commitments or guarantees regarding future operational performance based on this data [4]

Core Viewpoint - The company disclosed its main operational data for the pig farming business in June 2025, highlighting significant increases in both sales volume and inventory levels compared to the previous year [1][2]. Group 1: Sales and Inventory Data - The sales volume of live pigs in June 2025 was 14.24 million heads, representing a year-on-year increase of 20.46% [2]. - The inventory level at the end of June 2025 was 54.70 million heads, with a year-on-year increase of 20.70% [2]. - The month-end inventory increased by 1.98% compared to May 2025 and was up 6.64% from December 2024 [2]. Group 2: Operational Strategy - The company is actively optimizing its pig farming capacity by adjusting its farming layout, scale, and breed structure [2]. - The company will continue to adhere to a strategy focused on stability and cost reduction, concentrating resources on developing advantageous production capacity [2].

Core Viewpoint - The first China Western Shrimp and Crab Industry Development Conference was held in Yinchuan, Ningxia, focusing on the development experiences of the shrimp and crab industry in the western region [1][3]. Group 1: Industry Development - The shrimp and crab industry connects agricultural production with market consumption, forming a value chain that integrates primary, secondary, and tertiary industries [3]. - Yinchuan's Xingqing District is recognized as a major aquaculture area and a national-level demonstration zone for green and healthy aquaculture, leveraging unique climate, quality Yellow River water, and saline-alkali soil for diverse species cultivation [3][5]. - The district aims to establish itself as the "Western Crab Valley," promoting industrial clusters, concentrated enterprises, integrated policies, and functional synergies to enhance the reach of aquatic products nationally and globally [3]. Group 2: Brand and Economic Impact - The "Saishang Yellow River Hairy Crab" regional public brand was launched, with a comprehensive quality control system established from breeding to sales [5][6]. - In 2024, the price of "Saishang Yellow River Hairy Crab" is expected to be 40%-60% higher than non-branded crabs, benefiting over 30 farming households and achieving an output value exceeding 100 million yuan [6]. - The district plans to invest at least 1 million yuan annually in brand promotion, technology research, and market expansion, supporting high-standard breeding bases and modern demonstration parks [6]. Group 3: Collaboration and Events - The conference featured expert discussions to address challenges in the shrimp and crab industry and foster collaboration among stakeholders [5]. - A series of cooperation agreements were signed, covering technical services, brand authorization, supply chain strategies, and the construction of the Western Crab Valley project [6]. - The first Shrimp and Crab Food Festival was launched simultaneously, allowing citizens and tourists to enjoy a culinary feast [6].

股票代码：300967 股票简称：晓鸣股份 债券代码：123189 债券简称：晓鸣转债 宁夏晓鸣农牧股份有限公司 向不特定对象发行可转换公司债券 第六次临时受托管理事务报告 （2025 年度） 债券受托管理人 二〇二五年七月 重要声明 华西证券作为 2023 年宁夏晓鸣农牧股份有限公司创业板向不特定对象发行 可转换公司债券（债券简称：晓鸣转债，债券代码：123189，以下简称"本期债 券"）的受托管理机构，持续密切关注对债券持有人权益有重大影响的事项。根 据《公司债券发行与交易管理办法》《公司债券受托管理人执业行为准则》《可 转换公司债券管理办法》等相关规定、本期债券《受托管理协议》的约定、公开 信息披露文件以及宁夏晓鸣农牧股份有限公司（以下简称"晓鸣股份""发行人" 或"公司"）提供的相关资料等，现就本期债券重大事项报告如下： 一、本期债券核准概况 经中国证券监督管理委员会《关于同意宁夏晓鸣农牧股份有限公司向不特定 对象发行可转换公司债券注册的批复》（证监许可2023253 号）同意，公司于 张面值 100 元人民币，按面值发行，募集资金共计人民币 32,900.00 万元。 二、本期债券基本情况 号）确认 ...

Sales Performance Summary - In June 2025, the company sold a total of 2.194 million heads of commodity pigs, with a sales revenue of 12.799 billion yuan, reflecting a year-on-year increase of 27.65% in sales revenue [1] - The average selling price of commodity pigs was 14.08 yuan per kilogram, showing a year-on-year decrease of 20.59% [1] - The increase in sales volume is attributed to the company's production planning and improved operational efficiency [1] Sales Data Breakdown - The sales data for June includes 112,000 breeding pigs and 225,000 commodity pigs sold [2] - The reported sales figures are preliminary and may differ from those in periodic reports due to rounding [2]

Core Viewpoint - The company disclosed its main operational data for the pig farming business as of June 2025, highlighting sales figures and revenue trends in the context of its overall operations [1]. Group 1: Sales Data - In June 2025, the company sold 21.90 million live pigs, totaling 153.95 million for the year, reflecting a decrease of 7.52% compared to the previous month [2]. - The sales revenue from live pig sales in June was 3.85 billion yuan, with a total of 40.93 billion yuan for the year [2]. - The company sold 0.59 million piglets in June, generating a revenue of 25.04 billion yuan, with 20.22 million pigs sold to internal slaughtering enterprises [2]. Group 2: Price Trends - The average selling price of live pigs in June was not explicitly stated, but the sales data indicates a slight decline of 0.55% in sales to internal slaughtering enterprises compared to May 2025 [2]. - The cumulative sales revenue and volume suggest a need for monitoring market price fluctuations, which can significantly impact the company's performance [3]. Group 3: Operational Context - The disclosed sales data is part of the company's broader operations, which include feed processing, pig farming, slaughtering, and meat processing, although the current figures focus solely on live pig sales [3]. - The company emphasizes that the data is unaudited and may differ from periodic reports, serving as a reference for investors [2].