Core Viewpoint - The "anti-involution" policy has led to an upward turning point in the PPI year-on-year growth rate, indicating that the worst phase of the industry supply-demand structure has passed, which is expected to improve corporate profitability and market risk appetite [1][3]. Group 1: Economic Indicators - In August, the PPI turned from a month-on-month decline of 0.2% to flat, with a year-on-year decrease of 2.9%, narrowing the decline by 0.7 percentage points compared to the previous month [3]. - The core CPI, excluding food and energy prices, rose by 0.9% year-on-year, marking the fourth consecutive month of expansion [3]. Group 2: Equity Market Insights - CITIC Securities noted that under the trend of "anti-involution," the attractiveness of RMB assets continues to rise, with the manufacturing sector expected to convert its share advantage into pricing power and subsequently into long-term profit recovery [5]. - Morgan Stanley indicated that A-shares are likely to continue outperforming offshore markets due to improved liquidity and a shift of funds from the bond market and savings into equities, alongside expectations of policy easing [6]. - Guohai Securities highlighted that small-cap and growth styles are likely to benefit more from the upcoming "14th Five-Year Plan," with small-cap indices averaging an 8.6% increase and growth styles averaging a 7.0% increase in the month following the release of the plan [7]. Group 3: Industry Research - Kaiyuan Securities suggested that the gaming industry is transitioning from short-term "one-hit" products to long-cycle projects, with significant long-term growth potential as consumer trends shift towards emotional consumption [12]. - Penghua Fund expressed optimism about AI and robotics, predicting that leading companies in these sectors will emerge as the market seeks new growth drivers, with a potential trillion-dollar market opportunity [13]. - Western Li De Fund emphasized three investment opportunities: AI hardware and applications, sectors benefiting from the "anti-involution" policy such as new energy and aquaculture, and consumer sectors expected to recover due to domestic stimulus policies [14].

各地立足资源禀赋发展特色产业，通过"合作社+农户"等模式推动规模化经营，助力农民增收，为乡村振兴注入动力。同时，借助消费季等平 台，联动电商、金融等多方力量，搭建产销桥梁，拓宽农产品销售渠道；并通过优化种养模式、引入科技赋能等方式，从生产到销售全链条提升 产业质效，推动乡村经济高质量发展。 ■江苏泰州：芡实成熟采收忙 眼下，江苏省泰州市姜堰区顾高镇申俞村芡实进入成熟期，种植户正抓紧采摘成熟的头茬芡实。 近年来，泰州市姜堰区顾高镇充分利用水面资源，采取"党支部+合作社+农户"模式，大力发展以芡实为主的水生蔬菜产业。小小芡实果营养丰 富，市场价值高，被当地农民称为长在水里的"金豆豆"，也名副其实成了强村富民的"致富果"。 ■新疆玛纳斯县：香妃海棠果喜获丰收 畅销国内外 金秋九月，新疆昌吉回族自治州玛纳斯县3600亩香妃海棠果迎来丰收，鲜红饱满的果实压满枝头，果农忙着采摘、销售，一派丰收景象。 ■新疆焉耆县14万亩工业辣椒迎来丰收 ■2025年中国农民丰收节金秋消费季活动在杭州启动 近日，2025年中国农民丰收节金秋消费季活动在杭州市启动。今年金秋消费季活动以"庆农业丰收 享美好生活"为主题，从9月启动持续举办到1 ...

Core Insights - The article emphasizes the development of specialized industries based on local resources, utilizing models like "cooperatives + farmers" to promote large-scale operations and increase farmers' income, thereby driving rural revitalization [1] - It highlights the integration of e-commerce and financial services to enhance agricultural product sales channels and improve the quality and efficiency of the entire production and sales chain through technological empowerment [1] Group 1: Regional Agricultural Developments - In Jiangsu's Taizhou, the "Party branch + cooperative + farmer" model has been effectively used to develop a water vegetable industry centered around lotus seeds, which are highly valued in the market [2] - Xinjiang's Manas County has seen a successful harvest of 3,600 acres of fragrant sea buckthorn fruit, with farmers actively engaged in picking and selling the produce [3] - In Xinjiang's Yanqi County, 140,000 acres of industrial chili peppers are currently in the harvesting season, with farmers taking advantage of favorable weather conditions [4] Group 2: Agricultural Events and Initiatives - The 2025 China Farmers' Harvest Festival's autumn consumption season was launched in Hangzhou, themed "Celebrating Agricultural Harvest and Enjoying a Better Life," running from September to the end of November [5] - The event includes initiatives from six major e-commerce platforms offering 25 measures to support farmers, and eight financial institutions providing 34 assistance measures for farmers [5] Group 3: Innovative Agricultural Practices - In Hubei's Ezhou, the hairy crab harvest season is thriving, with daily supply reaching up to 1,000 pounds from the Liangzi Lake crab breeding base [6] - Shanxi's Fenxi County is leveraging technology in chicken farming, allowing one worker to manage 50,000 chickens, significantly improving efficiency and creating over 1,000 direct jobs in the chicken industry [7]

深蓝财经 . 影响价值圈层！创立于2011年，关注中国最具价值公司，是新中产的财富顾问。 来源丨深蓝财经 左手发布利好，右手公告减持，大北农董事长邵根伙又被股民骂了。 昨日晚间，大北农发布关于控股子公司大豆产品获批阿根廷种植许可的公告。由于这个公告先显示出来，有熟悉公司的股民第一反应竟然是"是不是邵根伙 又想减持了"？ 以下文章来源于深蓝财经 ，作者深蓝财经 结果，稍晚时候大北农另一个公告出来了。果不其然，公司控股股东、实际控制人邵根伙拟在3个月内减持股份不超过8560.74万股，占总股本的1.99%，减 持原因是降低融资杠杆。 于是，神奇的一幕发生了——上面那位股民随后调侃"xxx，被我说中了"…… 2021年，邵根伙曾高喊"三年实现千亿市值"的目标。结果公司股价在2020年8月见顶后一路震荡下跌，市值从约540亿元高位一路缩水至如今181亿元左右， 市值蒸发约359亿元，跌幅达66%。 一边画饼的背后是源源不断的减持。据"新浪财经-鹰眼工作室"统计，自2019年5月起，邵根伙迄今为止已累计减持公司股票7.73亿股，累计套现约59.78亿 元。若叠加本次减持套现金额约3.6亿元，他将累计套现约63亿元。 从 ...

Group 1 - Recent capital inflow into the aquaculture sector, with the aquaculture ETF (159865) seeing over 250 million yuan in net inflows over three trading days [1] - According to Guojin Securities, after a period of adjustment, the valuation of pig farming enterprises is at a bottom range, with leading companies expected to maintain good profitability in the short term [1] - If supply pressure leads to capacity reduction in the industry in the second half of the year, leading companies can still rely on cost advantages to steadily increase market share, indicating a stabilization at the bottom of the sector's prosperity [1] Group 2 - The aquaculture ETF (159865) tracks the China Securities Livestock Breeding Index, which has a high "pig" component, presenting investment opportunities for interested investors [1] - Investors without stock accounts can access investment opportunities in the aquaculture sector through the aquaculture ETF's linked fund (012725) [1]

Group 1 - The core viewpoint is that the livestock sector is experiencing significant capital inflow, with a net inflow of 102 million shares into the livestock ETF (159865), indicating strong investor interest in livestock assets [1] - The industry is witnessing notable cost optimization, leading to sustained profitability in pig farming, with companies' balance sheets continuously improving [1] - The domestic sow inventory is expected to stabilize after a reduction, supported by enhanced farming efficiency, stringent cost control, and rigid consumer demand, suggesting that the pig farming industry may enter a prolonged profitability cycle with reduced volatility [1] Group 2 - Relevant institutions indicate that the livestock sector may have gradually entered a configuration phase, with attention on the marginal changes in the livestock ETF (159865) [2] - For investors without stock accounts, alternative options include the Guotai Zhongzheng Livestock Farming ETF Link A (012724) and Link C (012725) [2]

Core Viewpoint - The article emphasizes the aggressive measures taken by Changjiang Li Autonomous County to accelerate project investments and achieve economic development goals for the year, highlighting the importance of key projects in driving high-quality economic growth [7][14]. Group 1: Project Developments - The Changjiang Agricultural Products Storage and Logistics Industrial Park project, covering an area of approximately 54 acres with a total investment of 130 million yuan, is nearing completion of its first phase, which includes three buildings and is expected to be finished by the end of September [8]. - The construction of the Hainan (Changjiang) Clean Energy High-tech Industrial Park's infrastructure is progressing, with significant earthworks already completed despite adverse weather conditions [10][11]. - The Ulie Black Goat Breeding Farm project is advancing, with plans to introduce the first batch of 85 breeding goats by mid-September, aiming to enhance the local goat industry [12][13]. Group 2: Government Support and Innovation - The local government has established a dedicated task force to monitor project progress, address challenges, and streamline approval processes to ensure smooth construction [9]. - Changjiang City Investment Company has implemented a new model for handling construction waste, promoting resource recycling and compliance with regulations, which has facilitated the progress of infrastructure projects [11]. Group 3: Economic Impact - In the first half of the year, fixed asset investment in Changjiang reached 5.6 billion yuan, reflecting an 18.4% year-on-year increase, indicating strong economic momentum [14]. - The completion of the meat processing plant, designed to process 10,000 cattle and 150,000 sheep annually, is expected to create a closed-loop supply chain for the local goat and sheep industry, enhancing the region's agricultural profile [14].

为促进农业生产、支持 新型农业经营主体发 展，我国对农、林、 牧、渔业项目所得,实 施企业所得税减免优惠 政策。那么，在享受税 惠政策过程中有哪些问 题要注意的呢?咱们一起 来看看~ 是所有农林牧渔业项目所得都能 享受企业所得税优惠政策吗？ 不是的。 企业从事下列项目的所得， 免征企业所得税： 1. 蔬菜、谷物、薯类、油料、豆类、棉 花、麻类、糖料、水果、坚果的种植; 2. 农作物新品种的选育; 3. 中药材的种植; 4. 林木的培育和种植; 5. 牲畜、家禽的饲养; 6. 林产品的采集; 7. 灌溉、农产品初加工、兽医、农技推 广、农机作业和维修等农、林、牧、渔服务 业项目; 8. 远洋捕捞。 企业从事下列项目的所得，减半征收企业所得税： 1. 花卉、茶以及其他饮料作物和香料 作物的种植; 2. 海水养殖、内陆养殖。 温馨提示 欢迎扫描下方二维码关注： 企业从事国家限制 和禁止发展的项 目,不得享受本条 规定的企业所得税 优惠。 如果是"公司+农户"的经 营 模 式 可 以 享 受 企 业 所 得 税优惠政策吗? 目前,一些企业采取"公司+农 户"经营模式从事牲畜、家禽的饲养, 即公司与农户签订委托养殖合同 ...

Group 1 - The fundamental changes in the past week are not as severe as the market volatility suggests, indicating a potential cooling in the market as it awaits clearer signals from fundamentals [1] - The monetary and fiscal expansion in Europe and the US is expected to become clearer in September, while China's anti-involution and consumption paths are gradually clarifying [1] - New structural opportunities are emerging, particularly in physical assets benefiting from domestic operational improvements and overseas interest rate cuts, including non-ferrous metals (copper, aluminum, gold), capital goods (lithium batteries, wind power equipment, engineering machinery, heavy trucks, photovoltaics), and raw materials (basic chemicals, fiberglass, paper, steel), as well as crude oil [1] Group 2 - After profit recovery, opportunities are expected to arise in domestic demand-related sectors such as food and beverages, pork, tourism, and scenic spots [1] - The long-term asset side of insurance is likely to benefit from a rebound in capital returns, followed by brokerage firms [1]

Core Points - The company reported significant changes in its pig farming business for August 2025, with a total of 26,000 pigs sold and revenue of 29.84 million yuan, reflecting a month-on-month increase of 50.83% in sales volume and 41.89% in revenue, but a year-on-year decrease of 2.04% in sales volume and a substantial 53.32% drop in revenue [2] - Cumulatively, from January to August 2025, the company sold 247,400 pigs, marking a year-on-year increase of 17.77%, while total revenue for the same period was 362.41 million yuan, showing a slight decline of 0.05% year-on-year [2] - As of the end of August 2025, the company's pig inventory stood at 181,000 pigs, which is a year-on-year increase of 22.29% and a month-on-month increase of 10.49% [2] Summary of Business Data - In August 2025, the company sold 26,000 pigs, generating revenue of 29.84 million yuan, with notable month-on-month growth [2] - Year-to-date sales from January to August 2025 reached 247,400 pigs, with total revenue of 362.41 million yuan [2] - The company's pig inventory at the end of August 2025 was 181,000 pigs, indicating growth in both year-on-year and month-on-month comparisons [2]