消息面上，近日，天俱时集团与阜丰集团晟泰生物科技有限公司达成重要合作，深度参与其在哈萨克斯 坦江布尔州投资建设的生物工程产业综合体项目。此前，阜丰集团凭借江布尔州玉米深加工工厂项目荣 膺哈萨克斯坦2025年度最佳投资项目奖。 兴业证券发布研报称，阜丰集团为玉米深加工头部公司。动物营养赛道需求持续增长，海外业务加速， 有望贡献更多利润弹性。该行指出，公司积极推进国际化战略，哈萨克斯坦的首个海外生产基地已动 工，第一阶段计划制造和销售动物营养及高档氨基酸产品。 阜丰集团(00546)尾盘涨超4%，截至发稿，涨4.18%，报8.48港元，成交额7144.96万港元。 ...

智通财经APP获悉，阜丰集团(00546)尾盘涨超4%，截至发稿，涨4.18%，报8.48港元，成交额7144.96万 港元。 兴业证券发布研报称，阜丰集团为玉米深加工头部公司。动物营养赛道需求持续增长，海外业务加速， 有望贡献更多利润弹性。该行指出，公司积极推进国际化战略，哈萨克斯坦的首个海外生产基地已动 工，第一阶段计划制造和销售动物营养及高档氨基酸产品。 消息面上，近日，天俱时集团与阜丰集团晟泰生物科技有限公司达成重要合作，深度参与其在哈萨克斯 坦江布尔州投资建设的生物工程产业综合体项目。此前，阜丰集团凭借江布尔州玉米深加工工厂项目荣 膺哈萨克斯坦2025年度最佳投资项目奖。 ...

业内人士认为，综合国内饲料和玉米深加工生产形势，当前玉米消费基础稳固，价格有支撑。（记 者 刘慧） 【纠错】 【责任编辑:薛涛】 与东北玉米增产增收相比，华北、黄淮地区玉米收成欠佳。黄淮海地区玉米生长期遭遇先旱后涝， 对玉米成熟和收获造成较大影响，持续高温高湿环境还造成了部分地区玉米发生穗腐。部分玉米发生霉 变，无法用作饲料，只能以较低价格进入深加工领域。粮食和饲料企业需要的干粮稀缺，能够及时收 获、及时烘干后质量较好的玉米收购价格普遍在约2300元/吨，大量潮粮只能低价进入深加工企业，扣 除质量扣款等，实际收购价格仅在2000元/吨至2100元/吨。 玉米是我国粮食产量最大的品种。2025年玉米产量超3亿吨，比2024年增长2.1%，占全国粮食总产 量的42%，是带动全年粮食增产的主要因素。王向博表示，东北三省一区是玉米核心主产区。2025年我 国玉米增产，主要得益于东北地区玉米生长期光温水条件非常适宜，气温普遍偏高，降水普遍偏多3个 至5个百分点，且没有明显自然灾害发生。东北三省一区玉米增产为全国粮食增产奠定基础。同时，新 疆近几年玉米种植面积增长较快，也为全国玉米增产作出了不小贡献。 玉米用途广泛，主要 ...

深加工企业到车量减少，企业多提价促收 11月中下旬以来，东北深加工企业玉米到车量持续减少，多数企业提价促收以满足日常生产。卓创资讯 统计数据显示，11月18日至12月8日，黑龙江深加工企业玉米收购均价由2008元/吨涨至2079元/吨，涨 幅3.54%，但样本企业晨间玉米到车量由547车降至81车，降幅85.19%。主要原因是随着市场价格持续 上涨，产区基层农户及小型贸易商惜售情绪浓厚，且深加工企业价格缺乏竞争优势，到车量明显减少。 由于原料玉米成本提升明显，东北玉米深加工除淀粉行业盈利外，其他行业亏损严重，个别企业被动调 减开工负荷。随着期货市场盘面明显回落，市场看涨情绪略有松动，部分基层小型贸易商及农户正常售 粮，深加工企业到车量增加，个别企业小幅下调玉米收购价格。12月9-12日，黑龙江深加工企业玉米收 购均价由2080元/吨降至2073元/吨，降幅0.34%。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 卓创资讯玉米市场分析师李霞 【导语】11-12月东北深加工企业玉米收购均价涨幅明显，主要受到市场上量缓慢、需求增加的驱动， 企业盈利下降甚至亏损，市场价格上涨乏力，但企业仍有建库 ...

1995年，曾因农业产业化的"诸城模式"走向全国的山东潍坊诸城市，是中国农村改革的一个缩影。12月 5日至6日，拓展创新"诸城模式"新实践暨庆祝诸城外贸成立50周年活动在诸城举行，活动以"新起点、 新征程、新动能"为主题，全面展现"诸城模式"时代新篇与诸城外贸有限责任公司五十载的奋斗历程。 近年来，诸城大力实施"产业强市、工业优先"战略，倾力打造汽车及零部件一个千亿级和生物制造、健 康食品两个五百亿级的产业基础，建设全国现有绿色低碳高质量发展的先行区。该市大力优化营商环 境，支持诸城外贸、得利斯（002330）全力冲刺五百亿级领军企业，为三产融合发展铺好路，努力拓展 新时代"诸城模式"新实践。 活动期间，同时启动诸城外贸健康食品产业园。据了解，诸城外贸健康食品产业园项目，按照使用功能 划分为屠宰加工区、肉制品加工区、深加工区及配套区，采用自动化程度高的屠宰分割加工设备及智能 冻结设备。项目投产后，预计年单班可宰杀肉鸡1亿只，加工熟食及调理品20万吨，年可实现销售收入 50亿元。 如今，诸城外贸从单一收购到肉鸡产业，已涵盖饲料加工、良种繁育、宰杀分割等全产业链体系8个系 列、1000多个品种，产品销往日本、澳洲 ...

Core Viewpoint - The article highlights the progress of Dongxiao Biotechnology Co., Ltd. in the synthetic biology manufacturing sector, focusing on its diverse corn deep processing capabilities and its upcoming listing on the New Third Board [2][4]. Group 1: Company Overview - Dongxiao Biotechnology specializes in synthetic biology manufacturing and fermentation technology, primarily engaged in the deep processing of corn to produce animal nutrition products, solid beverages, food additives, organic acids, and health sweeteners [2][4]. - The company has an annual corn deep processing capacity of 1.6 million tons, producing various products such as L-lysine hydrochloride, erythritol, and glucose [4]. Group 2: Market Position and Innovation - Dongxiao is positioned as a leader in the corn deep processing industry, transforming traditional agricultural raw materials into high-value products through technological innovation [4]. - The company utilizes renewable resources like corn and green energy sources such as wind and solar power to achieve sustainable product transformation across multiple sectors, including food, pharmaceuticals, and personal care [4]. Group 3: Financial Performance - For the fiscal years 2023 and 2024, Dongxiao's projected revenues are 7.993 billion yuan and 7.840 billion yuan, respectively, with main business revenues contributing significantly at 7.845 billion yuan and 7.630 billion yuan, accounting for 98.15% and 97.33% of total revenues [5]. - The net profits for the same periods are expected to be 298 million yuan and 578 million yuan, with a slight decline in revenue attributed to lower procurement prices for corn and energy [5]. - The overall gross profit margin is projected to improve to 10.33% and 13.91%, driven by reduced raw material costs despite limited price declines in the market [5].

Core Insights - The report highlights a robust revenue growth and a diversified profit structure among 12 listed companies in Zhaoqing, with emerging dynamics becoming more prominent [2] Overall Performance - Zhaoqing listed companies demonstrated resilience with a total revenue exceeding 28 billion yuan (28.63 billion yuan), showing steady growth compared to the previous year [3] - Fourhui Fushi's revenue increased by 31.63% to 860 million yuan, while Tianlong Group's revenue reached 3.48 billion yuan, marking significant growth [3] - Profitability showed a mixed picture, with Star Lake Technology leading with a net profit of 836 million yuan, a 65.22% year-on-year increase [3] Industry Development - Zhaoqing has established a core group of listed companies focused on new materials, new energy, and electronic manufacturing, showcasing strong momentum in these sectors [4] - Star Lake Technology, a leader in corn deep processing, is benefiting from high demand for lysine and has significant expansion projects underway [4] - The electronic manufacturing sector is adapting to challenges, with Fenghua High-Tech achieving a 39% sales increase in automotive electronics [4] Highlights of Companies - Star Lake Technology's performance is notable, with plans for a shareholder return strategy set between 20%-80% over the next three years [6] - Feinan Resources, a leader in resource recycling, reported a revenue of 6.54 billion yuan and a net profit increase of 90.39% [6] - Tianlong Group has seen success across multiple business lines, with significant growth in its internet marketing and chemical sectors [6] Challenges and Responses - Companies are focusing on cost control and international expansion to navigate a complex business environment [7] - Jinsanjiang achieved a net profit growth of 31.41% through effective cost management, while Hongte Technology increased R&D spending to address industry transformation pressures [7] - Fourhui Fushi has established a production base in Thailand, enhancing its global footprint and service offerings [7] Trend Outlook - Innovation, globalization, and green transformation are expected to drive high-quality development for Zhaoqing listed companies in the latter half of 2025 [8] - Companies are increasingly focusing on overseas production bases and technological advancements to enhance competitiveness [8] - Star Lake Technology's upcoming projects in Xinjiang and Heilongjiang are anticipated to bolster its market position [8] Performance of Zhaoqing Listed Companies in Hong Kong - China Education Group (1890.HK) reported a revenue of 918 million yuan, a 5.3% increase, driven by a growing student base [9] - The company is advancing its "AI + vocational education" strategy, integrating AI technology into its operations [9] Overview of Zhaoqing Listed Companies' Performance in H1 2025 - Star Lake Technology: 8.16 billion yuan revenue, 836 million yuan profit [10] - Guangdong Hongtu: 4.27 billion yuan revenue, 114 million yuan profit [10] - Tianlong Group: 3.48 billion yuan revenue, 7.03 million yuan profit [10] - Feinan Resources: 6.54 billion yuan revenue, 159 million yuan profit [10] - Other companies also reported varying degrees of profitability and revenue growth [10][11]

Core Viewpoint - The recent management change at Xinghuo Technology, with the appointment of Yan Xiaolin as the new general manager, is seen as a strategic move to deepen integration and enhance management synergy following the significant acquisition of Yipin Biotechnology [1][3][7]. Group 1: Management Changes - The former general manager, Ying Jun, has resigned due to work adjustments, effective immediately upon submission of his resignation to the board [2][3]. - Yan Xiaolin, previously the president of Yipin Biotechnology, has been appointed as the new general manager, replacing Ying Jun [1][3]. Group 2: Acquisition Details - Xinghuo Technology's acquisition of Yipin Biotechnology in 2022 is referred to as a "snake swallowing an elephant" due to the significant size difference between the two companies [4][5]. - Prior to the acquisition, Xinghuo Technology's revenues were significantly lower than those of Yipin Biotechnology, with revenues of 1.116 billion yuan and 1.235 billion yuan in 2020 and 2021, respectively, compared to Yipin's revenues of 11.081 billion yuan and 14.665 billion yuan during the same period [4][5]. Group 3: Financial Impact - Following the acquisition, Xinghuo Technology's revenue for 2024 is projected to be 17.334 billion yuan, with a net profit of 943 million yuan, largely driven by Yipin's contribution of 16.001 billion yuan in revenue [5][6]. - In the first half of 2025, Xinghuo Technology reported revenues of 8.160 billion yuan and a net profit of 836 million yuan, with Yipin contributing 7.589 billion yuan in revenue [5][6]. Group 4: Strategic Implications - The acquisition is expected to enhance synergy in technology research and development, sales channels, procurement resources, and financing capabilities, thereby improving market competitiveness [6][7]. - The integration of Yipin Biotechnology allows Xinghuo Technology to transition from a single food additive company to a comprehensive entity with a complete bio-fermentation industry chain [7].

Core Insights - The article discusses the rise and fall of Xiwang Group, a company that started in a poor village in Shandong and grew through corn deep processing, but is now facing significant debt issues and losses [2][19]. Group 1: Company Background - Xiwang Group was founded in 1986 in a poverty-stricken village, with its initial success stemming from a collective effort to establish a flour mill and later a cottonseed oil factory, which significantly boosted local income [4]. - The company expanded into corn starch production in 1990, capitalizing on the growing demand for food products, which led to a substantial increase in collective assets [6]. Group 2: Competitive Landscape - Xiwang Group entered the corn oil market influenced by a neighboring company, Sanyang Group, which initially struggled but later found success by becoming a supplier for a major brand [8]. - The competition between Xiwang and Sanyang led to aggressive marketing strategies, but both companies neglected technological development, which contributed to future growth challenges [11]. Group 3: Expansion and Crisis - In 2016, Xiwang Group made a significant acquisition of a Canadian sports nutrition company for over 4.8 billion RMB, which increased its debt and did not meet performance expectations, leading to substantial asset impairment [13]. - The financial troubles escalated when Xiwang Group became entangled in the bankruptcy of a local competitor, resulting in a bond default and a debt burden exceeding 10 billion RMB [15]. Group 4: Lessons and Future Outlook - The company's trajectory highlights the risks of straying from core competencies; Xiwang Group expanded into various sectors, including steel and real estate, which diluted its focus and led to operational difficulties [17]. - The potential for recovery lies in refocusing on its core corn oil business and adopting a more sustainable growth strategy rather than pursuing diversified but unproficient ventures [19].

Group 1 - The establishment of the Xinjian Production and Construction Corps' Keqida City West Innovation and Entrepreneurship Industrial Park, with a total investment of 30.24 million yuan, aims to support research, office, production, and living needs for enterprises in the area [1] - The Jin Hai Biological project, which is located in the Keqida Economic Development Zone, has approximately 120 employees working and living in the newly built facilities [1] - The Jin Hai Biological project is part of a larger initiative, with a total investment of 3.6 billion yuan, focusing on deep processing of corn and associated thermal power generation [2] Group 2 - The Jin Hai Biological project is expected to produce 115,000 tons of small variety amino acids annually, generating an estimated annual output value of 3.5 billion yuan and creating over 1,000 jobs [2] - The nearby Pu Kang Biological project, with a total investment of 1.03 billion yuan, aims to produce 3,000 tons of clindamycin products annually, with an expected annual output value exceeding 300 million yuan [2] - The Keqida Economic Development Zone is becoming a hub for various enterprises, with a focus on chemical, new materials, deep processing of agricultural products, food processing, and biological manufacturing industries [3]