Core Insights - Mowi reported revenues of €1.36 billion (NOK 15.8 billion) and an operational EBIT of €214 million (NOK 2.5 billion) for Q1 2025, showing increased revenues and results compared to the same quarter last year due to strong biological and operational performance, higher volumes, and lower costs [1][2] Financial Performance - The company experienced a 12% increase in slaughter volumes, totaling 108,000 tons in the quarter compared to last year, and maintains a volume guidance of 530,000 tons for 2025, which represents an annual growth of 6% [3] - Mowi's production in the sea showed improved growth, survival rates, feed conversion ratios, and quality, with an expected annual growth of 5.1% by the end of the year, compared to the industry average of 3.3% [4] Market Demand and Supply - Demand for salmon was strong across Europe, America, and Asia, although prices were under pressure due to high supply growth, which was 13% in Europe and 8% globally in Q1 [5][6] - Mowi expects supply growth to normalize to 2-3% next year due to regulatory constraints after an anticipated 6% growth for the year [6] Strategic Developments - Mowi's recent acquisition of an increased ownership stake in Nova Sea from 49% to 95% is expected to boost slaughter volumes to 600,000 tons next year [3] - The company’s feed production segment, Mowi Feed, also reported record volumes and earnings for the first quarter, contributing significantly to the growth in slaughter volumes [6][7] Dividend Announcement - The board of Mowi has decided on a dividend of NOK 1.70 per share for the first quarter [7] Company Overview - Mowi is one of the world's leading seafood companies and the largest producer of Atlantic salmon, with an estimated slaughter volume of 530,000 tons in 2025 from seven farming countries [8][9]

Group 1 - The "Nansha Financial 30 Measures" aims to enhance financial support for Nansha, positioning it as a key financial hub in the Guangdong-Hong Kong-Macao Greater Bay Area [1][2] - The measures focus on financial market connectivity, cross-border financial innovation, and regulatory improvements, emphasizing innovation, characteristics, openness, and regulation [1] - Nansha's financial sector has evolved into a pillar industry, with the new measures expected to broaden and deepen its financial landscape [1] Group 2 - The China Import Consumer Price Index, the first of its kind, was released, reflecting price fluctuations in imported consumer goods across various categories [3] - In March, the index showed a month-on-month increase of 7.2% and a year-on-year increase of 5.2%, indicating a dual growth trend [3][4] - The index will aid in assessing input inflation and understanding domestic demand dynamics [3][4] Group 3 - In April, U.S. customs tariff revenue reached a record high of $16.3 billion, marking a 130% increase year-on-year [5][6] - Despite the increase in tariff revenue, it remains a small portion of the overall federal budget, with ongoing trade negotiations potentially limiting future revenue growth [6][7] Group 4 - Chongqing Jinke's judicial restructuring plan was approved, marking the largest restructuring case in the real estate sector with a debt scale of 147 billion yuan [8][9] - The restructuring involved strategic investors and highlighted the challenges faced by real estate companies amid market demand decline [8][9] Group 5 - Taobao introduced a feature allowing merchants to screen out high refund rate customers, aimed at optimizing the e-commerce environment [10][11] - This move reflects ongoing efforts to balance merchant and consumer interests, particularly in the high-return apparel sector [10][11] Group 6 - Dior experienced a data breach affecting customer information, raising concerns about data privacy and security in the retail sector [12][13] - The incident underscores the vulnerability of even high-profile brands in protecting sensitive customer data [12][13] Group 7 - The wholesale price of crayfish has significantly dropped as the consumption season begins, with prices falling from around 42-43 yuan per kilogram to approximately 38 yuan [14] - This price adjustment reflects increased supply and changing consumer preferences in the seafood market [14][15]

Group 1: Aquaculture Innovations - The introduction of South American white shrimp in saline-alkali land in Inner Mongolia marks a significant breakthrough in aquaculture, utilizing a factory-based recirculating water system to create a suitable environment for the shrimp [4][6][10] - The first yield test in 2025 showed an average size of 25 shrimp per pound, with a production of approximately 300 pounds per cycle per pond, indicating high survival rates and uniform sizes [4][8] - The successful cultivation of shrimp demonstrates the effective utilization of saline-alkali water resources and the potential for replicating this model in other regions [10][22] Group 2: Marine Fish Adaptation - The introduction of over 20,000 sea bass fry into saline-alkali water in Tongliao City represents a bold innovation aimed at enhancing local economic development through aquaculture [11][14] - Collaborative efforts with research institutions have led to the selection of salt-tolerant species and the establishment of a comprehensive monitoring system for water quality and fish growth [12][14] - The project aims to utilize over 80% of the water surface area, significantly improving resource efficiency in the region [14] Group 3: Integrated Ecological Agriculture - The launch of an ecological agriculture project combining grape cultivation with crayfish farming in Wuhai City aims to enhance soil health and resource utilization [17][19] - The project utilizes crayfish to aerate the soil and convert waste into organic fertilizer, creating a zero-waste ecosystem [19][21] - Economic benefits include increased income for local farmers, with projected earnings of over 8,000 yuan per person annually and a 2.3-fold increase in overall economic efficiency [21][22]

Group 1: Investor Relations Activities - The company held an investor relations event on May 13, 2025, via an online platform [1] - Key participants included the Chairman and General Manager, the Vice General Manager and CFO, and the Board Secretary [1] Group 2: Key Questions and Responses - The impact of Hainan's closure on the company is currently unquantifiable due to the lack of specific implementation details [1] - The first phase of the Shennong Aquaculture Seed Technology Industrial Park is expected to begin production in 2025, with sales figures to be disclosed in future reports [1] - The company does not currently provide genetically modified seeds, focusing instead on conventional varieties [3] Group 3: Strategic Measures and Future Plans - The company plans to enhance the promotion of its "Celebration Oil" series of rapeseed, particularly in Hunan Province, to improve profitability [4] - A marketing strategy focused on "branding and efficiency" will be implemented to build a nationwide sales network for high-end agricultural products [4] - The company aims to optimize resource efficiency through asset integration and strategic partnerships to enhance production capabilities [4] Group 4: Corporate Governance - A proposal for a simplified procedure to issue stocks to specific investors was approved by the board on April 24, 2025, pending shareholder approval [2]

2025 年 05 月 13 日 农林牧渔 产能环比增加，5 月猪价或稳定微涨 生猪养殖：产能稳定微增，猪价短期内或小幅上涨 价格端：本周生猪均价 14.81 元/kg，周环比+0.14%，两周环比-0.50%； 仔猪价格 647 元/头，周环比-0.31%，两周环比-0.15%。根据 iFinD 数据，本周猪肉批发价格 20.82 元/kg，周环比+0.15%。 供给端：本周生猪日均屠宰量为 17.34 万头，周环比变动+1.89%。 周观点：根据涌益咨询数据，4 月能繁母猪存栏量环比+0.96%，同比 +5.21%，上月环比数值-0.25%。部分中型规模母猪场布局扩产，本月 新增母猪产能略有增加，计划根据下半年卖仔猪或明年自繁自养卖育 肥猪灵活操作。据 Mysteel 点评，5 月份出栏计划较四月份实际完成 微增 1.22%，出栏压力增加不明显，散户和二育集中出栏所造成的影 响有限，加上二育入场托底，大概率月度价格重心上移，均价水平或 高于四月。不过终端需求无明显改善，阶段性拉涨动力不足，因此价 格稳步小涨为主。 家禽养殖：白羽肉鸡持续稳定，分割品价格大稳小落 周观点：据我的钢铁网显示，本周种蛋价格下行调 ...

Group 1: Market Trends - The consumption of crayfish is entering a peak season with daily sales increasing from 2,000-3,000 jin to 30,000-50,000 jin [1] - Despite the peak season, crayfish prices are declining significantly, with the price of medium-sized crayfish dropping from approximately 42 yuan per jin to 13 yuan per jin [1] - The wholesale price of crayfish reached over 70 yuan per kilogram in the first four months of the year, but fell to 38 yuan per kilogram in May, indicating a nearly 50% decrease [2] Group 2: Supply and Demand Dynamics - The price drop is attributed to an oversupply in the market due to advancements in crayfish farming technology and an increase in production areas [2] - The upcoming bulk supply of crayfish from regions like Hubei and Shandong is expected to intensify the price competition in the market [2] - High temperatures in July and August may lead to a reduction in crayfish supply, potentially causing prices to rebound [2] Group 3: Company Performance - Guolian Aquatic Products reported a net loss of approximately 742 million yuan last year, with a 25.25% decline in revenue from its aquatic food business, which includes crayfish [3] - The company announced the termination of its crayfish and fish deep processing expansion project, originally planned with an investment of 602 million yuan, due to changes in market demand and declining crayfish prices [3] - The crayfish farming area in China was about 30 million mu last year, with total production exceeding 3 million tons, indicating a robust industry despite current challenges [3][4]

"渔光互补"就是将光伏发电和渔业养殖有机结合，在水面上方架设光伏板阵列利用太阳能发电，下 方水域发展特色养殖，使水域空间得到全方位立体利用。作为萧山最东翼的乡镇，益农的大部分土地由 围垦而来。平坦的地势让这里既是特色水产养殖的福地，也是建设光伏项目的良选之地。 光伏板阵列如棋盘般铺展。 光伏板下面的虾塘。 走进位于萧山区益农镇"渔光互补"光伏发电项目基地，700亩坑塘水面上，数万块深蓝色光伏板如 棋盘般整齐铺展。养殖户倪忠善蹲在塘边，正为投放虾苗做最后准备。 去年以来，益农镇整合了民围村、群围村等地的土地资源，打造萧山区未来乡村组团振兴示范带 ——益农镇现代农业创新区项目，并探索以良种化、设施化、生态化、标准化和数字化为核心内容 的"渔光互补"智慧产业园发展模式，着力打造集绿色高效养殖示范区、养殖尾水生态处理、数字化管理 系统等为一体的现代渔业示范园。 目前该项目已进入试运行阶段，预计5月底可实现并网通电。益农镇相关负责人告诉记者，项目投 产后，年平均上网电量约为1.17亿千瓦时，与相同发电量的火电相比，每年可节约标煤3.3万吨，减少二 氧化碳排放量10.2万吨，为节能减排、优化能源结构、拉动地方投资增长等起 ...

湖北省潜江市小龙虾交易中心批发商魏晓涛：销售进入小高峰，之前大概一天销售两三千斤，现在每天三五万斤。中青品种的价格在13元（一 斤）左右，刚刚上市的时候大概42元、43元（一斤）。 图片来源：视频截图 湖北省潜江市小龙虾交易中心批发商黄茂华：销售量每天2万多斤，价格稍微低了一点。 在另外一个交易区，批发商谢军正在通过线上直播的方式销售小龙虾。 每经编辑｜毕陆名 随着气温不断攀升，小龙虾消费逐渐进入旺季，今年行情如何？ 据央视财经12日报道，12日上午9点，在湖北潜江小龙虾交易中心，正是交易的高峰期，批发商魏晓涛指挥工人将一筐筐鲜活的小龙虾有序分 拣，销往广东、重庆、江苏和浙江等地。 湖南省益阳市南县稻虾产业发展服务中心农艺师王敏：南县现在每天小龙虾的上市量在2500吨左右，主要销往北京、广州等50多个城市。 中国水产流通与加工协会副会长王雪光：今年1月到4月份，（小龙虾全国批发）价格最高达到过70元一公斤，5月就是38元一公斤了，接下来价 格还会降。 另据九派新闻报道，5月9日，武汉白沙洲大市场相关负责人告诉九派新闻，近期，整个市场的小龙虾日均销售量为180吨。作为华中最大农贸集 散地，湖北各地的养殖户将自家 ...

Core Viewpoint - The cultivation of "brackish water red snapper" in Haikou is transforming perceptions of traditional tilapia, utilizing factory farming methods to enhance flavor and quality, thereby opening pathways to the mid-to-high-end market due to high demand and limited supply [1][2]. Group 1: Project Overview - The project is located in the Meilan District of Haikou, leveraging abundant brackish water resources and innovative agricultural practices to achieve efficient and large-scale cultivation of brackish water red snapper [2]. - The cultivation method involves using brackish water, which is defined as having a salinity between 0.5‰ and 30‰, improving the muscle structure and flavor of the fish [2][5]. Group 2: Production and Market Demand - The red snapper produced at the base is sold at nearly double the price of ordinary freshwater tilapia due to its superior quality, resulting in a market that cannot meet current demand [5]. - The base aims to produce nearly 300,000 pounds of red snapper annually by 2024, establishing itself as a leading product under the "Meilan Good Products" brand and the Hainan snapper brand [7]. Group 3: Technological Innovations - The base has developed a closed-loop farming system to mitigate environmental and climate challenges, incorporating digital monitoring systems for real-time adjustments of water parameters such as temperature and oxygen levels [5][7]. - The project has secured 15 patents related to the cultivation system, water treatment, and environmental control, indicating a strong focus on technological advancement in aquaculture [7]. Group 4: Future Prospects - The establishment of an industrialized cultivation system for brackish water red snapper is expected to promote a unified industry model, which includes standardized seedlings, feed, technology, and insurance, contributing to local agricultural transformation and rural revitalization [8]. - The Haikou government plans to utilize brackish water areas for industrialized circular cultivation of 1,000 tons of red snapper, aiming to create an ecological brand for brackish water products [8].

Core Viewpoint - Tanzhou Town in Zhongshan has successfully passed the evaluation for the Agricultural Industry Strong Town project, marking a significant achievement in promoting the development of grass carp and aquatic products [3][24]. Group 1: Project Evaluation and Achievements - A total of 183 towns have been approved in the third batch of the Agricultural Industry Strong Town project evaluation, with Tanzhou being the only town in Zhongshan to be selected [3][23]. - The successful evaluation indicates significant progress in promoting the development of grass carp and aquatic products in Tanzhou [24]. Group 2: Infrastructure and Development Projects - Tanzhou has implemented multiple key projects to accelerate the construction of a national-level agricultural industry strong town, focusing on high-quality development of grass carp and aquatic products [4][24]. - A 1,200 square meter aquatic product processing production line is set to officially start production in September, enhancing the town's capabilities in the aquatic processing sector [5][6]. - The establishment of a modern aquaculture smart breeding base and freshwater fish seed breeding and incubation base is underway, covering 131.5 acres and featuring various monitoring and purification systems [10][12]. Group 3: Industry Integration and Future Prospects - The ongoing construction of initial processing lines and cold chain transportation projects aims to create a complete industry chain from breeding to processing and sales [15][17]. - Tanzhou has over 32,000 acres of aquaculture area, the largest among all towns in Zhongshan, and is developing four major brands of aquatic products [18][19]. - The establishment of a characteristic aquatic industry development platform has attracted over 20 quality projects, with five key projects completed, leading to over 100 million yuan in social capital investment [20][21].