全力做好"三夏"工作，推动农业稳产增收。强化小麦病虫害监测防控，完成240万亩小麦"一喷三防"任 务，因地因苗因墒科学肥水管理，确保颗粒归仓。加强双汇1亿只肉鸡、正大300万只蛋鸡等项目跟踪服 务，加快牛羊产业发展，做好养殖场户融资、保险保障服务，确保畜禽产品稳定供给。 推动制造业转型升级，助力企业开拓市场。上半年围绕3条重点产业链出台实操方案，培育建设20个制 造业数字化转型项目，新培育10家以上"专精特新"企业。高质量办好第二十二届食博会，力争实现签约 额300亿元以上。扩大食品出海，组织企业参加广交会、泰国食品展等境内外展会，助推企业开拓海外 市场。 加快重大项目、政策性资金项目建设。力争6月底前全年计划新开工的116个省市重点项目手续办理完 毕，推动150个省市重点项目上半年累计完成投资600亿元以上、投资完成率65%以上。全力推进21 个"两重""两新"及提前批中央预算内投资项目和28个绿色通道专项债项目建设，力争6月底前完成全年 计划投资的60%以上。 大力开展促消费活动，着力推进文旅消费。"五一"期间发放500万元零售、餐饮、汽车消费券，开展万 达广场、金街等重点商圈提升行动，打造地标性消费商圈 ...

Core Viewpoint - The livestock farming sector is experiencing a positive trend, with an extended profit period expected for pig farming, driven by improved demand and favorable pricing dynamics [1][2]. Group 1: Market Performance - As of May 7, 2025, the China Livestock Breeding Index (930707) increased by 0.20%, with key stocks such as Shengnong Development (002299) rising by 1.89% and Yiduoli (300381) by 1.75% [1]. - The Livestock ETF (516760) rose by 0.16%, with a recent price of 0.63 yuan, and has seen a cumulative increase of 7.19% over the past three months, ranking in the top 25% among comparable funds [1]. - The average price of pork in national wholesale markets reached 20.96 yuan/kg on May 6, 2025, marking a 1.8% increase compared to pre-holiday levels [1]. Group 2: Financial Performance - In 2024, pig farming enterprises are projected to generate revenues of 437 billion yuan, a year-on-year decline of 1.28%, while net profit attributable to shareholders is expected to rise by 337.73% to 32 billion yuan [1]. - In Q1 2025, pig farming enterprises achieved revenues of 107.88 billion yuan, reflecting an 18.69% year-on-year increase, with industry net profit reaching 7.91 billion yuan, up 236.12% year-on-year [1]. Group 3: Supply and Demand Dynamics - As of Q2 2025, domestic demand for pigs is showing marginal improvement, with price support and a gradual transition into a phase of price increases [2]. - External factors, including rising feed raw material prices due to tariffs and increased costs of imported meat, are also contributing to favorable pricing for pigs [2]. Group 4: Valuation Metrics - The Livestock ETF, which tracks the China Livestock Breeding Index, has a current price-to-earnings ratio (PE-TTM) of 12.38, placing it in the 1.74% percentile over the past year, indicating a valuation lower than 98.26% of the time in the last year [2]. - The China Livestock Breeding Index includes companies involved in livestock feed, veterinary drugs, and livestock farming, reflecting the overall performance of related listed companies [2]. Group 5: Top Weighted Stocks - As of April 30, 2025, the top ten weighted stocks in the China Livestock Breeding Index include Haida Group (002311), Muyuan Foods (002714), and Wens Foodstuff Group (300498), collectively accounting for 69.38% of the index [2].

Core Insights - The article highlights the innovative financial products developed by Guilin Micro Guarantee Company to address the financing difficulties faced by small and micro enterprises in Guilin [1][9][14] - The company has successfully integrated inclusive finance into various sectors, including agriculture and tourism, demonstrating its impact on local economic growth [1][10][12] Financing Challenges and Solutions - Small and micro enterprises often struggle to secure loans due to lack of collateral, leading to reliance on innovative financing solutions [1][5][10] - Guilin Micro Guarantee Company offers products like "Beer Loan," "Hotel Guarantee," and "Entrepreneur Guarantee" to facilitate access to credit for businesses without traditional collateral [1][9][11] Case Studies of Beneficiaries - Longda Breeding Company expanded its cattle farming from 50 to 800 heads, securing a 900,000 yuan loan with a low guarantee rate of 0.5% through Guilin Micro Guarantee [5][9] - Xinji Rice Industry, facing a funding gap during factory relocation, obtained a 5 million yuan guarantee loan, enabling its growth and creditworthiness [6][8] Impact on Local Economy - The tourism sector in Guilin has seen significant growth, with 157 million visitors in 2024, generating 192.79 billion yuan in revenue, supported by financing from Guilin Micro Guarantee [10][12] - The company has guaranteed loans for 238 tourism-related businesses, amounting to 1.076 billion yuan, enhancing the development of local hospitality and tourism [10][11] Innovative Financing Models - Guilin Micro Guarantee has introduced a new risk-sharing model, shifting from the traditional "20-80" risk distribution to a "4-6" model, enhancing the risk-bearing capacity of the financing system [12][14] - The company utilizes big data technology to develop a risk control model, improving decision-making and operational efficiency in the guarantee process [13][14] Future Directions - The company plans to continue expanding its services and enhancing risk-sharing mechanisms to support more small and micro enterprises, contributing to high-quality local economic development [14]

Group 1 - The China Livestock Breeding Index (930707) increased by 0.37% as of May 6, 2025, with notable gains from companies such as Brother Technology (002562) up 6.19% and Blue Biological (603739) up 2.64% [2] - The Livestock ETF (516760) rose by 0.32%, with a recent price of 0.62 yuan, and has accumulated a 6.88% increase over the past three months, ranking among the top comparable funds [2] - The Ministry of Agriculture and Rural Affairs emphasized stabilizing the production and supply of key agricultural products, particularly summer grain, and enhancing disaster response mechanisms to mitigate drought impacts [2] Group 2 - Institutions predict that the price of pigs will experience a weak cyclical trend in 2025 due to changes in the national breeding sow capacity and the impact of porcine epidemic diarrhea [3] - The Livestock ETF tracks the China Livestock Breeding Index, which reflects the overall performance of listed companies involved in livestock feed, veterinary drugs, and livestock farming [3] - As of April 30, 2025, the top ten weighted stocks in the China Livestock Breeding Index accounted for 69.38% of the index, with Hai Da Group (002311) and Mu Yuan Co. (002714) being the largest contributors [3] Group 3 - The latest price-to-earnings ratio (PE-TTM) for the Livestock ETF is 12.32, indicating it is at a historical low, being below 99.42% of the time over the past year [3] - The average weekly price of commercial pigs was 14.79 yuan/kg as of April 30, 2025, reflecting a decrease of 0.17 yuan/kg week-on-week, while the average price for 15 kg piglets was 649 yuan/head [2]

Core Insights - The 8th Digital China Construction Summit showcases over 100 interactive exhibits and more than 30 diverse robots, highlighting the digital transformation of private enterprises in China [1][3] - The summit features significant technological advancements, including Ant Group's "trusted data space" and iFlytek's AI solutions for various sectors, demonstrating the powerful potential of AI technology [3][4] - A total of 50 key digital economy projects in Fujian province were signed during the summit, with a total investment of 50.5 billion RMB, where over 85% of the funding comes from private capital [3][5] Industry Developments - The private economy is accelerating its digital transformation, as illustrated by New Hope Group's "AI pig farming" initiative, which saves approximately 1% of feed grain annually, amounting to about 1.5 million tons over five years [3][5] - Jomoo Group, a traditional sanitary ware company, has integrated the DeepSeek model, resulting in a 20% reduction in R&D cycles and a 30% increase in R&D efficiency, emphasizing the importance of digitalization for survival and competitiveness [4][5] - The industry is moving towards smart home robotics, with Jomoo planning to incorporate advanced technologies such as smart urine testing and full waterway sterilization into its products, aiming to capture new market opportunities [5]

2025年4月30日，新希望(000876.SZ)发布2025年第一季报。截至2025年4月30日，共有23个机构投资者 披露持有新希望A股股份，合计持股量达30.01亿股，占新希望总股本的66.30%。其中，前十大机构投 资者包括南方希望实业有限公司、新希望-德邦证券-23希望E1担保及信托财产专户、新希望集团有限公 司、中国证券金融股份有限公司、西藏思壮投资咨询有限公司、西藏善诚投资咨询有限公司、香港中央 结算有限公司、拉萨开发区和之望实业有限公司、中国工商银行股份有限公司-华泰柏瑞沪深300交易型 开放式指数证券投资基金、浙商银行股份有限公司-国泰中证畜牧养殖交易型开放式指数证券投资基 金，前十大机构投资者合计持股比例达65.65%。相较于上一季度，前十大机构持股比例合计下跌了0.41 个百分点。 外资态度来看，本期较上一季度持股减少的外资基金共计1个，即香港中央结算有限公司，持股减少占 比达0.16%。 公募基金方面，本期较上一期持股增加的公募基金共计8个，主要包括富国中证农业主题ETF、天弘中 证农业主题A、易方达中证现代农业主题ETF、华夏中证农业主题ETF、平安中证畜牧养殖ETF等，持 股增加占 ...

2025年4月30日，金新农(002548.SZ)发布2025年第一季报。截至2025年4月30日，共有5个机构投资者披 露持有金新农A股股份，合计持股量达2.71亿股，占金新农总股本的33.67%。其中，机构投资者包括广 州金农产业投资合伙企业(有限合伙)、浙商银行股份有限公司-国泰中证畜牧养殖交易型开放式指数证券 投资基金、中国工商银行股份有限公司-中信保诚多策略灵活配置混合型证券投资基金(LOF)、华宝量化 选股混合发起式A、华宝中证500增强A，机构投资者合计持股比例达33.67%。相较于上一季度，机构 持股比例合计下跌了4.52个百分点。 公募基金方面，本期较上一期持股增加的公募基金共计2个，包括中信保诚多策略混合(LOF)A、华宝量 化选股混合发起式A，持股增加占比达0.20%。本期较上一季度持股减少的公募基金共计1个，即国泰中 证畜牧养殖ETF，持股减少占比小幅下跌。本期较上一季度新披露的公募基金共计1个，即华宝中证500 增强A。本期较上一季未再披露的公募基金共计62个，主要包括华夏行业景气混合、招商量化精选股票 发起式A、招商中证畜牧养殖ETF、畜牧ETF、中信建投价值增长A等。 对于社保基 ...

Core Viewpoint - The article highlights the successful sale of 70,000 pounds of ginseng fruit from Wu Chuan, which was previously facing a sales crisis, thanks to the efforts of a local support team that facilitated connections between farmers and markets [1][4][12]. Group 1: Sales and Market Dynamics - The ginseng fruit, characterized by its full flesh and smooth texture, was sold at an average price of 2.8 yuan per pound, with a market retail price reaching 8 yuan per pound, helping farmers recover nearly 200,000 yuan in losses [15][14]. - The support team managed to establish a procurement agreement with suppliers in the Guangzhou Jiangnan fruit wholesale market within just 36 hours [14][12]. Group 2: Agricultural Support Initiatives - Since its establishment in July 2024, the support team has implemented various measures, including production and sales connections, industry cultivation, and livelihood guarantees, to enhance local agricultural efficiency and increase farmers' income [6][7]. - The team is currently working on the construction of a rural revitalization product exhibition hall in Huangpo Town, expected to be completed by the end of June, which will showcase local agricultural products [20][21]. Group 3: Future Plans and Development - The farmer, Chen Shaohong, plans to expand his operations by raising 5,000 local chickens and is receiving assistance from the support team to connect with leading agricultural enterprises for technical support [23][24]. - The support team is also investing 3 million yuan to develop a sweet potato industry hub and a detoxified seedling laboratory, aiming to establish a national-level laboratory to address seed degeneration issues [35][36].

Supply and Market Conditions - The supply of essential food products, including vegetables, meat, and dairy, is sufficient and stable ahead of the "May Day" holiday [2][3][10] - The area of vegetables planted nationwide reached 83.25 million acres in early April, an increase of 1.9% year-on-year [3] Regional Highlights - Shouguang, a key facility vegetable production base, is currently in the harvest season for various types of tomatoes, including red, orange, and yellow varieties [5][7] - The tomato planting area in Shouguang is 35,000 acres, with a peak production of 260,000 tons being shipped nationwide [8] Price Trends - The vegetable price index has recently declined due to seasonal factors, as reported by the Shouguang Agricultural Products Logistics Park [9] - The Agricultural and Rural Affairs Ministry reported a year-on-year increase in the production of various proteins, including pork, beef, and poultry, indicating a stable supply of quality protein sources [13] Preparedness for Holiday Demand - Supermarkets are proactively stocking up on eggs and other essential items to meet the anticipated surge in demand during the holiday [15]

A股公司2024年年报披露基本完毕。据证券时报记者统计，截至4月29日19时，已披露年报的上市公司近5300家。上 述公司合计实现营业收入70.6万亿元，合计实现归母净利润5.25万亿元。近六成A股公司营收保持增长，近八成公司 盈利，净利润超过千亿元的企业增至10家，营收超千亿元的企业达到117家创出新高。 2024年，智能网联汽车、低空经济、人工智能、人形机器人行业蓬勃发展，半导体、计算机设备等板块增收又增 利。如从事高性能光模块业务的新易盛去年营收达到86.5亿元，同比大增179%；实现归母净利润28.4亿元，同比大 增312%。 畜牧养殖、乘用车等板块收入利润增速也居前列。养殖行业迎来显著回暖，相关企业大面积扭亏。Wind数据统计显 示，申万二级行业中，养殖业去年净利润整体同比增长328%。不过，各行业表现依然分化明显，房地产、钢铁、煤 炭、纺织服装等板块整体收入同比有所下滑。 截至记者发稿，逾5100家A股公司披露了2025年一季报，其中，超六成企业一季度营收实现增长。进入今年一季度， 多个行业经营再上新台阶，也有部分行业经营下滑趋势得到扭转。如去年下滑明显的影视院线行业，今年一季度业 绩大幅回暖。风 ...