辽宁在册省级农业产业化重点龙头企业已达777家，其中国家级84家。日前，省农业农村厅联合省 发展改革委、省财政厅、省商务厅等部门，发布第20批农业产业化省级重点龙头企业名单，认定沈阳市 昊明禽业有限公司、沈阳耘垦饲料有限公司等71家企业入选。 农业产业化省级重点龙头企业有着相应的准入"门槛"。比如，农产品生产、加工或流通类企业，就 要求企业总资产规模达3000万元以上、固定资产规模2000万元以上、年销售收入5000万元以上，而且从 农民、新型农业经营主体或自建基地直接采购的原料或购进的货物占所需原料量或所销售货物量的70% 以上。 我省农业产业化联席会议成员单位及专家组对申报企业进行了形式审核和实地考察，最终确认了这 份名单。入选企业将享受有关扶持政策至2027年年末。我省还根据动态监测机制，同步对2024年度农业 产业化省级重点龙头企业进行了监测，最终3家企业合格，另有10家企业监测不合格而退出名单。 省农业农村厅相关负责人表示，龙头企业是我省打造食品工业大省的主力军，在三产融合发展上有 较好的表率作用。 ...

2025年塞平均通胀率为3.8%，12月通胀率为2.8%，符合塞央行设定的3%±1.5%的目标区间。劳动 力市场继续保持良好发展态势，工资和生活水平不断提高，平均工资名义增长11.2%，实际增长7.1%。 失业率进一步下降，三季度失业率为8.2%。在外贸方面，据初步估计，尽管外部需求疲软，2025年塞 出口仍增长8%，这主要得益于汽车行业的出口。进口增长7.3%，主要归于原材料和设备的持续进口， 以及民众可支配收入增加带动消费品进口的增长。 （原标题：塞尔维亚2025年GDP增长2%） 塞尔维亚《政治报》12月31日报道，根据塞尔维亚国家统计局评估，2025年塞尔维亚GDP实际增长 率为2%。 分析显示，大多数服务业和工业活动均实现增长。服务业增长主要体现在零售业增长4.2%、餐饮 业增长1.5%、交通运输业增长4.7%。旅游业方面，游客过夜数较去年下降3.3%。工业生产总值增长 1.0%，其中采矿业增长4.4%，加工业增长1.2%。建筑业出现下滑，下降8.4%，能源行业则因干旱导致 水力储量下降，进而下降2%，农业受不利天气条件影响略微下降0.3%。 ...

每经头条（nbdtoutiao）——微信聊天遭老板监视，杀毒软件"失明"，员工隐私被系统性采集！软件商 公开售卖"监控神器"，称已服务多家企业 （记者 王晓波） 截至发稿，精艺股份市值为33亿元。 每经AI快讯，精艺股份（SZ 002295，收盘价：13.32元）12月25日晚间发布公告称，公司第八届第十一 次董事会临时会议于2025年12月25日在广东省佛山市顺德区北滘镇西海工业区公司行政大楼会议室以现 场结合电子通讯表决方式召开。会议审议了《关于公司董事会换届选举第九届董事会独立董事的议案》 等文件。 2025年1至6月份，精艺股份的营业收入构成为：加工行业占比98.62%，其他业务占比1.24%，新能源占 比0.14%。 ...

截至发稿，精艺股份市值为31亿元。 每经头条（nbdtoutiao）——"一针两千，童颜针年销3亿元"背后：多家关联方注册地"查无此人"，股民 追问"钱呢"！钱氏姐弟几乎"掏空"江苏吴中，公司即将退市 （记者 曾健辉） 每经AI快讯，精艺股份（SZ 002295，收盘价：12.31元）12月15日晚间发布公告称，公司第八届第十次 董事会临时会议于2025年12月15日在广东省佛山市顺德区北滘镇西海工业区公司行政大楼会议室以现场 结合电子通讯表决方式召开。会议审议了《关于修订公司 <章程> 的议案》等文件。 2025年1至6月份，精艺股份的营业收入构成为：加工行业占比98.62%，其他业务占比1.24%，新能源占 比0.14%。 ...

Group 1 - The core point of the news is that Jiangsu Nantong Haimen District People's Court has ruled to transfer approximately 75.18 million shares of Jingyi Co., Ltd. from Nantong Sanjian Holdings Co., Ltd. to Sichuan Xingdong Investment Group Co., Ltd., resulting in a change of control of the company [1] - After the judicial auction, Nantong Sanjian Holdings will no longer hold any shares in the company, and Sichuan Xingdong Investment Group will become the controlling shareholder with a 29.99996% stake [1] - The change in equity will significantly impact the company's ownership structure and governance [1] Group 2 - As of the report, Jingyi Co., Ltd. has a market capitalization of 3.1 billion yuan [2] - For the first half of 2025, the revenue composition of Jingyi Co., Ltd. shows that the processing industry accounts for 98.62%, other businesses account for 1.24%, and new energy accounts for 0.14% [1]

Group 1 - Australia recently signed an $8.5 billion mineral deal with the US, but is now seeking to strengthen mineral cooperation with China, indicating a strategic shift in its approach to mineral resources [1][3] - Chinese officials expressed willingness to deepen cooperation with Australia, emphasizing support for Chinese enterprises investing in Australia and the importance of maintaining a "free trade system" [3][10] - Australia recognizes the significance of China's role in the mineral sector, particularly in lithium and nickel refining, where over 90% of its lithium is processed in China [6][8] Group 2 - The economic relationship between Australia and China is mutually beneficial, with Australia relying heavily on exports of iron ore and coal, while China has a high demand for these resources [8][10] - Cooperation with China not only provides economic benefits but also enhances Australia's competitiveness through technology exchange and market information sharing [10] - Australia's alignment with the US may pose risks due to the unpredictable nature of US policies, making cooperation with China a more stable choice for economic recovery [10]

Core Viewpoint - The article discusses recent agreements signed by the United States with multiple countries, including Japan, Malaysia, and Thailand, focusing on securing the supply of critical minerals essential for advanced technologies and industries. The agreements emphasize cooperation in investment, technology transfer, and supply chain diversification, although they are largely non-binding and politically oriented [3][4][6]. Group 1: Agreements and Frameworks - The U.S. and Japan signed a framework agreement to enhance cooperation in securing critical minerals, including financial support mechanisms and trade measures [3][4]. - Similar agreements were made between the U.S. and Australia, as well as memorandums with Malaysia and Thailand during President Trump's visit to Asia [4]. - The U.S. and Japan plan to hold a ministerial meeting within 180 days to promote investment in the mining sector [5]. Group 2: Investment and Technology Transfer - The U.S. and Japan committed to investing in mineral recycling and ensuring the management of critical minerals through technological cooperation [6]. - The agreements with Malaysia and Thailand emphasize trade and investment in critical mineral supply chains, with a focus on technology transfer and innovation [6][7]. - The U.S. expects to prioritize investments in critical mineral assets that can be sold in Malaysia and Thailand, promoting domestic processing industries [6]. Group 3: Non-Binding Nature and Stability - The agreements are non-binding and may not have substantial impacts on mining policies unless actual investments and technological collaborations materialize [4][7]. - The stability of these non-binding frameworks depends on whether the involved countries can genuinely benefit from U.S. investments and technology transfers [7]. - The U.S.-Japan framework is viewed as potentially more stable due to mutual needs for critical minerals, compared to the agreements with Malaysia and Thailand [7].

Financial Data and Key Metrics Changes - Third quarter 2025 net income totaled $940 million or $1.49 per share, a 10% increase compared to the second quarter [8] - Third quarter adjusted EBITDA increased 7% compared to the second quarter, totaling $2.12 billion, which included $7 million of one-time transaction costs [3][8] - Year-to-date, transaction costs included in adjusted EBITDA have totaled $59 million [9] Business Line Data and Key Metrics Changes - The acquired NLink and Medallion assets contributed nearly $470 million in adjusted EBITDA during the third quarter, continuing their meaningful contribution to year-over-year earnings growth [8] - Natural gas liquids (NGL) raw feed throughput volumes increased, with Rocky Mountain region volumes averaging over 490,000 barrels per day, a 5% increase compared to the second quarter [11] - Crude oil volumes increased sequentially, demonstrating resiliency in the Midland gathering business [15] Market Data and Key Metrics Changes - In the Permian Basin, volumes increased 5% compared to the second quarter, averaging 1.55 billion cubic feet per day [16] - The Rocky Mountain region processed volumes averaged 1.7 billion cubic feet per day in the third quarter, a 4% increase compared to the second quarter [17] - Refined products tariff rate benefited from July adjustments, where rates were increased by a mid-single-digit percentage as expected [15] Company Strategy and Development Direction - The company aims to capture approximately $250 million of synergy-related adjusted EBITDA in 2025, with nearly $500 million of synergies realized since the Magellan acquisition [4][5] - The focus remains on operational efficiencies and capturing additional synergies, with a disciplined approach to capital allocation and cash flow generation [6][10] - The company is optimistic about growth opportunities in the Permian Basin and is actively assessing opportunities to expand integrated operations [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong fundamentals and the ability to navigate near-term challenges while delivering results for investors and customers [6][20] - The current commodity price environment is expected to drive moderation and increased optimization of drilling and completion activities across the basins [18] - Management remains confident in the trajectory of earnings growth into 2026, driven by synergies and growth projects coming online [23][29] Other Important Information - The company repurchased more than 600,000 shares of common stock and retired over $500 million in senior notes [8] - The long-term leverage target remains at 3.5 times, expected to be approached in the fourth quarter of 2026 on a run-rate basis [9] - The company is in active discussions regarding numerous potential AI-driven data center projects, leveraging its intrastate assets located in key natural gas supply and demand centers [19] Q&A Session Summary Question: Can you frame up tailwinds versus headwinds for earnings growth into next year? - Management identified synergies and growth projects coming online as tailwinds, while market share growth in the Permian and other areas will also fuel growth [23] Question: How do you think about executing on buybacks versus debt paydown? - The company is starting to be more flexible in capital allocation as it approaches its debt to EBITDA target, allowing for stock buybacks alongside debt management [24] Question: Can you quantify the potential impact of Waha spreads widening? - Management noted that the widening spreads have had a positive impact, leveraging capacity across systems to grow gathering and processing for customers [30] Question: How do you see the Sunbelt Connector project competing in the market? - The company believes the Sunbelt Connector is competitive due to its existing connections and efficient expansions, with significant interest from customers [35] Question: What are the early indications for volumes across supply-push assets? - Management is confident that drilling activity will maintain volume levels flat, with positive growth expected from the Permian and Bakken regions [39][40] Question: Can you provide an update on LPG export commercialization efforts? - The company is pleased with its contracting strategy and continues to see strong interest in its docks for LPG exports [42] Question: Is gas egress a limitation for growth in the Mid-Continent? - Management believes there is still room for growth in the Mid-Continent and is prepared to implement measures if egress becomes a concern [46] Question: How do you view the blending business in a mid-cycle environment? - The blending business has seen a 15% increase in volume year-to-date, positioning the company well for future opportunities as spreads normalize [68]

Group 1 - The core point of the article is that Jingyi Co., Ltd. (SZ 002295) announced its board meeting results and financial performance for the first half of 2025, highlighting its revenue composition and market capitalization [1][1][1] Group 2 - Jingyi Co., Ltd. held its eighth board meeting on October 27, 2025, in Shunde District, Guangdong Province, discussing the third quarter report [1] - For the first half of 2025, the revenue composition of Jingyi Co., Ltd. was as follows: processing industry accounted for 98.62%, other businesses 1.24%, and new energy 0.14% [1][1][1] - As of the report date, the market capitalization of Jingyi Co., Ltd. was 3.2 billion yuan [1]

Core Viewpoint - The establishment of 12 new Chinese Agricultural Technology Association (CATA) technology courtyards in Liaoning Province aims to enhance agricultural innovation and support rural modernization through a collaborative model that connects experts with farmers and integrates research with production [1] Group 1: Technology Courtyards - Liaoning Province has added 12 new CATA technology courtyards, including those focused on grape cultivation, salmon farming, and sweet potato production, bringing the total to 105 courtyards across various sectors such as aquaculture, planting, breeding, and processing [1] - The technology courtyards serve as a platform for providing timely technological services to farmers and enterprises, thereby improving the efficiency of rural revitalization efforts [1] Group 2: Organizational Innovation - The provincial agricultural technology association, supported by the provincial science and technology association, has innovated a "three-in-one" organizational model that promotes agricultural technology innovation, cultivates high-level agricultural talent, and serves the modernization of agriculture and rural areas [1] - This model aims to achieve zero distance between experts and farmers, research and production, as well as education and employment [1]