Core Insights - The pomelo industry in Meizhou is a significant agricultural sector that contributes to rural revitalization and economic development in the region [2][3] Industry Overview - Meizhou's pomelo orchards cover nearly 43,333 hectares, producing over 1.15 million tons of fruit annually [2] - The industry generates more than 8.9 billion yuan in annual revenue across the entire supply chain [2] - The brand value of Meizhou's pomelo is estimated at 22.75 billion yuan [2] Economic Impact - The pomelo industry has positively impacted over 100,000 farming families, increasing their income by an average of over 30,000 yuan each year [2]

螃蟹养殖周期长、资金回笼慢，自有资金始终难以满足生产需求。针对这一情况，当地邮储银行成立专项服务小组，为螃蟹养殖户量身定 制专属金融服务方案，切实减轻养殖户融资压力。 央视网消息：金秋时节，在江西吉安，柚香满枝头，金灿灿的蜜柚成为农户增收致富、助推乡村振兴的"金钥匙"。 在吉安市万安县高陂镇的富丰蜜柚合作社，连片柚林绿意盎然，金黄蜜柚挂满枝头，满载蜜柚的车辆往来穿梭，果农们忙着采摘、分拣、 装箱。 合作社负责人表示，今年基地的6000多亩蜜柚迎来了大丰收，从更新灌溉设备到扩大种植规模，资金难题都顺利解决了。 湖北汉川：32万亩河蟹陆续上市 预计年产4.5万吨 眼下，在湖北汉川，当地的32万亩河蟹陆续迎来上市，预计可实现年产量4.5万吨。 蟹塘波光粼粼，养殖户杨庆林正忙着起地笼。笼口一开，一只只青背白肚的肥蟹"哗啦啦"地倾泻而出，即将送往市场销售。今年，当地扩 大了养殖面积，还加装了全新的智能设备，助力蟹农增产又增收。 四川开江：珍珠蚌进入捕捞季 这几天，四川开江1.7万亩珍珠蚌大量收获，进入丰收时节。当地村民起网收蚌，喜迎丰收。 一大早，在开江县任市镇特色水产养殖基地，当地村民正在对几个塘口的珍珠蚌起网收蚌， ...

Financial Data and Key Metrics Changes - For Q2 FY2025, total net revenue was $35.1 million, down from $44.6 million in Q2 FY2024, reflecting a decline in agribusiness revenue due to market oversupply and pricing pressure [14][15] - Adjusted EBITDA for Q2 FY2025 was a loss of $167,000 compared to a gain of $16.6 million in the same period last year [19] - Net loss applicable to common stock for Q2 FY2025 was $3.5 million, compared to net income of $6.4 million in Q2 FY2024 [18] Business Line Data and Key Metrics Changes - Agribusiness revenue for Q2 FY2025 was $33.6 million, down from $43.3 million in the same period last year, primarily due to lower fresh lemon sales [14][15] - Fresh packed lemon sales were $19.7 million in Q2 FY2025, compared to $25.8 million in Q2 FY2024, with an average price per carton dropping from $17.85 to $14.52 [15] - Avocado revenue increased to $2.8 million in Q2 FY2025 from $2.3 million in Q2 FY2024, with an average price per pound rising from $1.47 to $2.26 [16] Market Data and Key Metrics Changes - The company expects relief from current market conditions in the second half of the year as it gains market share and benefits from seasonal pricing improvements [15] - The citrus sales and marketing plan with Sunkist is anticipated to enhance resilience to market volatility and improve cost structure [15][23] Company Strategy and Development Direction - The company is merging its citrus sales and marketing operations with Sunkist Growers, which is expected to save approximately $5 million annually in selling and marketing expenses and improve EBITDA by the same amount [6][7] - The partnership with Sunkist aims to enhance operational capabilities and create a unified system to serve food service and retail customers more effectively [9][10] - The company remains committed to growing its citrus business and expanding avocado production while advancing real estate development and water monetization initiatives [12][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational enhancements and strategic initiatives that will contribute to sustainable long-term shareholder value [12][25] - The company anticipates fresh lemon volumes for FY2025 to be between 4.5 million to 5 million cartons, down from previous estimates, while avocado volumes are expected to remain stable [22][23] - Management highlighted the importance of the partnership with Sunkist in strengthening the citrus business model and improving operational foundations [23][24] Other Important Information - Total costs and expenses for Q2 FY2025 decreased by 22% to $38.5 million compared to $49.3 million in the same period last year [17] - Long-term debt as of April 30, 2025, was $54.9 million, up from $40 million at the end of FY2024 [20] Q&A Session Summary Question: Can you elaborate on the Sunkist deal and its impact on revenue? - Management confirmed that the brokered fruit business will be phased out, but party cartons will continue to run through their facility [26][27] Question: What are the per box economics of the Sunkist partnership? - The partnership will transition to a fixed cost model for sales and marketing, reducing costs and improving margins due to streamlined operations [28][29] Question: How is the avocado harvest expected to perform this year? - Management indicated favorable weather conditions and a strategy to delay harvest for better fruit size and pricing [34][35] Question: Will there be an increase in avocado yield from recent plantings? - Early plantings are ahead of schedule, with expectations for increased yield by FY2026 [38]