Core Insights - The article discusses the successful transformation of a previously impoverished village in Inner Mongolia into a self-sustaining community through innovative agricultural practices and cooperative economic models [1][2][3] Group 1: Economic Development Strategies - The village implemented a "hugging cycle" model for collective economic development, focusing on "one piece of land, one stalk, and a group of sheep" [1][2] - The land consolidation strategy involved leasing over 4,000 acres from 170 households, generating an average annual income of approximately 1.2 million yuan [1] - A feed processing plant was established to utilize agricultural straw, reducing environmental impact and providing job opportunities for villagers [2] Group 2: Cooperative Models - A cooperative sheep farming model was created by uniting 14 villages, leading to stable income for farmers and employment for over 140 individuals, with monthly earnings reaching over 4,000 yuan for many [2] - The cooperative structure allows for resource sharing and efficient utilization, creating a "wealth chain" that benefits both the community and the environment [2] Group 3: Skills Training and Employment - The village provided skills training for various practical jobs, helping residents transition from dependency to self-sufficiency [3] - A "guaranteed dividend" mechanism was introduced to support those without skills or labor, enhancing their income through land leasing [3] Group 4: Sustainable Practices - The village has expanded its circular industrial chain by introducing new crops and processing facilities, increasing product value [3] - The integration of ecological farming practices, such as raising free-range chickens and goats, has diversified income sources and improved community wealth [3]

支部党员在服务发展上谋突破，围绕环北部湾广西水资源配置工程等重大工程，深入基层和一线， 每季度服务保障自治区主要领导调度工程建设进展情况，推动第一时间协调解决突出问题，以该项目为 牵引，积极推动广西2025年水利项目建设实现新的跨越。 知民情、体民意、解民困是政府工作的重要内容。该支部在日常工作和调研中了解到，全区重度残 疾人的城乡居民基本医保个人缴费补助资金还未能实现全区城乡一致，便多方协调，积极与残联、财 政、医保等部门沟通对接，经过依法决策，推动每年自治区新增财政资金补齐，实现重度残疾人城乡补 助标准统一，并列入2026年为民办实事项目。此外，该支部还联系推动高校、机关单位参与大化瑶族自 治县古文乡义和村养殖业发展、农产品销售采购，以及环江毛南族自治县下南乡花竹帽与傩面具等非遗 产品展销、人才培养等，凝聚各方合力，助推乡村全面振兴。（龚文颖 苏以春） 记者从自治区政府办公厅获悉，去年以来，该厅第四秘书处党支部聚焦主责主业、聚焦大事要 事，"干"字当头抓好基层党建，推动政府各项工作优质高效运转取得新成果。 ...

Core Insights - The global food security situation remains severe, with approximately 673 million people facing hunger and 2.3 billion in food insecurity, exacerbated by regional conflicts, extreme weather, and trade barriers [1] - China's practices in ensuring food security and promoting rural revitalization offer valuable insights for the world, particularly as the FAO approaches its 80th anniversary in 2025 [1] Group 1: Effective Practices in Rural Revitalization - The FAO's strategic pillars of "better production, better nutrition, better environment, and better life" align closely with China's rural practices observed during the visit [2] - China demonstrates effective production methods that balance productivity and sustainability, including diverse agricultural practices and livestock farming [2] - There is a strong emphasis on diversified food production, creating job opportunities, and enhancing quality of life through the development of fresh produce and health-related food products [2] - Environmental protection efforts include wetland conservation and the production of green and organic foods, showcasing a commitment to sustainable practices [2] Group 2: Key Characteristics of China's Rural Revitalization - Two notable characteristics of China's rural revitalization are the guiding role of local governments and the entrepreneurial spirit of rural residents [5] - Local governments provide public investment and ensure that development benefits cooperatives and farmers, while also maintaining fair pricing mechanisms [5] - The entrepreneurial drive among rural residents has led to successful local businesses that create jobs and contribute to poverty alleviation [5] Group 3: Investment in Human Capital - Investment in human capital is crucial for sustainable development, yet rural development has often focused more on physical infrastructure than on enhancing human capabilities [8] - Human capital investment includes education, training, and health, which are essential for empowering farmers and entrepreneurs [8] - The FAO has identified six key recommendations for human capital investment, emphasizing the importance of partnerships, inclusive policies, and continuous innovation [9] Group 4: China's Contributions to Global Food Security - China has made significant contributions to global food security, achieving the UN Millennium Development Goal of halving extreme poverty and hunger ahead of the 2030 target [11] - The country has ensured stable supplies of staple foods and maintained abundant availability of various agricultural products, improving national nutrition [11] - China's experience in poverty alleviation and food security serves as a model for other countries, particularly through South-South cooperation initiatives [12]

证券之星消息，12月31日养殖业板块较上一交易日下跌0.78%，晓鸣股份领跌。当日上证指数报收于 3968.84，上涨0.09%。深证成指报收于13525.02，下跌0.58%。养殖业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000048 | 京墓智农 | 17.60 | 2.15% | 33.51万 | | 5.88亿 | | 603717 | 天域生物 | 7.84 | 0.90% | 6.74万 | | 5198.88万 | | 000735 | 罗牛山 | 9.04 | 0.44% | 95.16万 | | 8.57亿 | | 002299 | 圣农发展 | 16.54 | -0.12% | 1 7.39万 | | 1.22亿 | | 300761 | 立华股份 | 20.75 | -0.14% | 5.37万 | | 1.11亿 | | 301116 | 益客食品 | 10.93 | -0.27% | 4.19万 | | 4568.54万 | ...

从零碎耕地到连片农田，广西河池推进全域土地综合整治 一块地整好用好，产生多少价值（不掉队 赶上来） 本报记者 张云河 眼前农田连片，41岁的广西河池都安瑶族自治县永仁村脱贫户李荣广不由想起当年。 "九分石头一分土""地薄石头多，撒种像白泼"，形容的正是永仁村的土地。不仅如此，耕地碎，"瓢一 块碗一块，一顶草帽盖三块"；布局乱，"乱搭又乱占，麻烦一大串"。 可乡亲们的生计要指望它。2021年以前，巴掌大的地块都得用来种玉米，土地贫瘠，机器进不去，收成 不理想。 2021年初，听说要搞全域土地综合整治——耕地"小块并大块"、乡村风貌改造、"田水路林村"打包治 理，永仁村驻村第一书记黄任建挺高兴，但村民们却犯嘀咕。 "把地整平是好事，可整完后还要得回自家原来那块地吗？" "地整完后还是大伙的。因为修渠修路，面积可能少一点，但质量上来了，产量肯定也提高了。" "村里2016年刚'摘帽'，整治后，要是把耕作层毁了，还种得出东西来吗？钱从哪赚？" "整治后耕作层暂时受影响，但政府设置管护期，把土地质量提起来，这期间有补助给到大家。" ………… 村民与黄任建一问一答，政策慢慢从"文件语"变为"家常话"。 李荣广心动了，想起 ...

Core Viewpoint - The aquaculture sector experienced a rise of 1.15% on December 30, with Jingji Zhino leading the gains, while the overall market showed mixed results with the Shanghai Composite Index closing at 3965.12, unchanged, and the Shenzhen Component Index at 13604.07, up by 0.49% [1]. Group 1: Stock Performance - Jingji Zhino (000048) closed at 17.23, up by 5.90%, with a trading volume of 453,500 shares and a transaction value of 766 million yuan [1]. - Other notable performers included: - Shennong Group (605296) at 29.45, up by 2.08% [1]. - Muyuan Foods (002714) at 50.89, up by 1.98% [1]. - Lihua Co. (300761) at 20.78, up by 1.27% [1]. - Wens Foodstuff Group (300498) at 17.12, up by 1.18% [1]. Group 2: Capital Flow - The aquaculture sector saw a net outflow of 21.95 million yuan from institutional investors, while retail investors contributed a net inflow of 153 million yuan [2]. - The capital flow for key stocks included: - Muyuan Foods (002714) had a net inflow of 1.29 billion yuan from institutional investors, but a net outflow of 104 million yuan from retail investors [3]. - Jingji Zhino (000048) experienced a net inflow of 32.34 million yuan from institutional investors and a net inflow of 43.92 million yuan from retail investors [3]. - New Hope (000876) had a net inflow of 11.87 million yuan from institutional investors [3].

12月29日养殖板块温和上涨。生猪方面，随着"政策端强力去化"+"市场端亏损去化"的双重叠加， 生猪供应将出现实质性收缩，猪价有望开启震荡上行通道。黄鸡方面，随着消费季节性提升，价格或已 筑底完成，且行业亏损之下供给端可能进一步收缩。蛋鸡行业受海外引种受限（禽流感、航班等问题） 的滞后影响，2026年上游祖代种鸡的缺口将逐步传导至商品代，鸡苗和毛鸡价格中枢有望抬升，龙头企 业凭借高市占率有望释放业绩弹性。 成本端，全球粮食供应相对宽松，玉米、豆粕等饲料原料价格大概率维持低位震荡，对养殖业利润 形成支撑。总体而言，经历过2024、2025年的震荡磨底及产能去化后，2026年养殖业有望迎来利润与估 值的同时修复，感兴趣的投资者可以关注养殖ETF（159865）。 风险提示： 投资人应当充分了解基金定期定额投资和零存整取等储蓄方式的区别。定期定额投资是引导投资人 进行长期投资、平均投资成本的一种简单易行的投资方式。但是定期定额投资并不能规避基金投资所固 有的风险，不能保证投资人获得收益，也不是替代储蓄的等效理财方式。 无论是股票ETF/LOF基金，都是属于较高预期风险和预期收益的证券投资基金品种，其预期收益及 预期 ...

Market Overview - The A-share market experienced slight fluctuations, with the Shanghai Composite Index rising by 0.04% to 3965.28 points, marking a nine-day winning streak, while the Shenzhen Component Index fell by 0.49% to 13537.10 points. The total trading volume remained high at 2.15 trillion yuan, with more declines than gains in the overall market. As the year-end approaches, market hotspots are becoming more dispersed, with the oil and military sectors performing relatively well. After a brief adjustment in the fourth quarter, the market has resumed its upward trend, and the positive factors driving this rally are expected to remain unchanged, indicating a potential slow bull market next year [1][10]. Metal Market Dynamics - The metal market has shown significant volatility, with silver futures experiencing over a 10% increase during the day but closing lower. Copper futures broke the 100,000 yuan mark but also saw a narrowing of gains by the end of the day. Platinum and palladium contracts hit their daily limit down. The fluctuations in commodity prices have led to a decline in the non-ferrous metal sector in the stock market [3][12]. - Silver has been in a structural supply deficit for five years, driven by industrial demand from photovoltaic silver paste and AI electronics, with a cumulative increase of over 150% this year. The global supply of silver is primarily a byproduct of copper, lead, and zinc mining, and the expected increase in silver supply by 2026 is minimal, unable to fill the significant demand gap. The demand from the photovoltaic industry is stable despite the push for "de-silverization," while the rapidly expanding demand from AI data centers and automotive electronics will further support silver prices. A physical deficit of over 100 million ounces of silver is anticipated by 2026 [3][12]. - In contrast, copper is transitioning from an expected shortage to a real shortage, with projections indicating a deep deficit of 500,000 to 1 million tons in the global copper market by 2026. The decline in existing mine grades and lagging capital expenditures are hindering copper supply growth, while the explosive demand from AI and power grids is creating a rigid demand for copper, making price increases more likely in the long term [3][12]. Investment Strategies - Given the significant prior gains in metals like silver and copper, profit-taking has led to increased short-term volatility. Companies with high-quality mining resources are expected to benefit from both volume and price increases, providing a good safety margin and typically higher stock price elasticity than the metals themselves. Investors are advised to pay attention to mining ETFs (561330) and consider opportunities for low-cost acquisitions [4][13]. - The livestock sector saw a mild increase today, with pig supply expected to contract significantly due to strong policy and market-driven reductions, potentially leading to a rising price trend. The chicken sector is also expected to see price stabilization as seasonal demand increases, while the egg-laying industry faces upstream supply constraints that will gradually affect prices. Overall, the livestock industry is anticipated to recover in profits and valuations by 2026, making livestock ETFs (159865) worth monitoring [4][14]. Currency and Economic Outlook - The offshore RMB has strengthened against the USD, reaching the 7.0 mark, the highest in 15 months. It is expected that the RMB will maintain a strong trend in the short term, with a moderate appreciation anticipated in 2026, which could enhance the attractiveness of Chinese assets to global capital [4][14]. - In 2026, China is expected to continue its loose monetary and proactive fiscal policies, leading to a further recovery in total demand. Globally, fiscal expansions in the US, Europe, and Japan are also expected to improve demand. The Federal Reserve is likely to maintain a loose stance, benefiting the A-share market during the economic recovery phase [5][15]. Index Performance - The A500 index emphasizes industry balance and sector leaders, providing a more diversified and growth-exposed style that can offer a better beta base during the industrial upgrade cycle. Since its base period, the A500 has shown an annualized total return of 9.11% with a volatility of 21.41%, outperforming the CSI 300 in total returns, particularly in growth phases. The A500 index, covering leading companies across various sectors, offers investors a balanced choice between defensive and growth potential during market fluctuations [6][15].

Group 1 - The aquaculture sector increased by 1.58% on December 29, with Jingji Zhino leading the gains [1] - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] - Key stocks in the aquaculture sector showed varied performance, with Jingji Zhino rising by 10.01% to a closing price of 16.27 [1] Group 2 - The main funds in the aquaculture sector saw a net inflow of 90.42 million yuan, while retail funds had a net inflow of 10.91 million yuan [2] - Major stocks like Muyuan Foods and Wen's Foodstuffs experienced significant net outflows from retail investors [3] - Jingji Zhino had a net inflow of 67.42 million yuan from main funds, indicating strong institutional interest [3]

Report Industry Investment Rating - There is no information provided regarding the industry investment rating in the report. Core Viewpoints - The Financial Street Securities Research Institute constructed a strategy portfolio based on industry and theme ETFs, referring to two strategy reports published in 2024 [1]. - From December 22 - 26, 2025, the strategy's cumulative net return was about 4.34%, and the excess return relative to the CSI 300 ETF was about 2.29%. From October 14, 2024, to the present, the strategy's out - of - sample cumulative return was about 32.21%, and the cumulative excess relative to the CSI 300 ETF was about 8.98% [2]. - In the week of December 29, 2025, the model recommended allocating to sectors such as securities, industrial metals, and precious metals. The strategy will newly hold products like Securities ETF Leader, Mining ETF, Gold Stocks ETF, and Communication ETF, and continue to hold products such as Power Grid Equipment ETF and Battery ETF [11]. Summary by Relevant Catalogs ETFs Information - The report lists information about multiple ETFs, including their fund codes, names, market values, holding situations, heavy - held Shenwan industries and weights, as well as weekly and daily timing signals. For example, Securities ETF Leader has a market value of 41.14 billion yuan, is being调入, and has 100% in the securities industry, with a weekly timing signal of - 1 and a daily timing signal of 1 [2]. Performance Tracking - In the period from December 22 - 26, 2025, the strategy's cumulative net return was about 4.34%, and the excess return relative to the CSI 300 ETF was about 2.29%. From October 14, 2024, to the present, the strategy's out - of - sample cumulative return was about 32.21%, and the cumulative excess relative to the CSI 300 ETF was about 8.98% [2]. Portfolio Adjustment - In the week of December 29, 2025, some ETFs were newly added, some continued to be held, and some were removed. For instance, Securities ETF Leader, Mining ETF, Gold Stocks ETF, and Communication ETF were newly added; Power Grid Equipment ETF and Battery ETF continued to be held; while Real Estate ETF, etc., were removed [2][11].