8月21日，一亩田(YMT)盘中上涨3.63%，截至21:46，报2.311美元/股，成交10.94万美元，总市值2.64亿 美元。 财务数据显示，截至2024年12月31日，一亩田收入总额1.61亿人民币，同比减少13.97%；归母净利 润-3490.0万人民币，同比增长66.95%。 作者：行情君 资料显示，一亩田股份有限公司是一家在开曼群岛注册成立的境外控股母公司,主要由其境内实体子公 司北京一亩田新农网络科技有限公司运营。一亩田集团,成立于2011年,总部位于北京,是中国领先农业产 业互联网企业,致力于以数字技术推动农业产业转型发展。公司以搭建农产品B2B数字化产销服务平台 开始,逐步发展成为覆盖种植、批发、流通等农业全产业链的综合性数字集团企业,旗下一亩田APP数字 平台、豆牛智慧代卖、沃来采原产地代采、沃众田数字规模化种植基地、区域产业服务等业务板块,形 成农业全产业链数字化服务创新模式。 本文源自：金融界 ...

Core Viewpoint - Yimutian, a digital agriculture service company, has become the first Chinese agricultural internet enterprise to be listed on NASDAQ, highlighting its unique position in the global capital market [1] Group 1: Industry Context - China's agricultural sector faces challenges such as production fragmentation and inefficient circulation, with 98% of farmers managing 70% of the land and an average of 0.5 acres per person [3] - The founder's vision for Yimutian is to leverage digital solutions to streamline the entire agricultural supply chain [4] Group 2: Company Development - Yimutian's journey began with the launch of its app in 2011, initially focusing on B2B transactions to address information asymmetry between farmers and buyers [5] - The company has expanded its services to include procurement, logistics, digital planting bases, and AI marketing, creating a comprehensive digital service model for the agricultural supply chain [5] - By the end of 2024, Yimutian aims to cover 56 million agricultural businesses and has built a vast database of procurement resources and market data [5] Group 3: Business Model and Financials - Yimutian's revenue model is distinct from traditional internet platforms, with 94.7% of its revenue in 2024 coming from digital agricultural business services [10] - The company has achieved a gross margin of over 80%, with a revenue of 161 million yuan in 2024, reflecting a 7.3 percentage point increase from 2023 [10][11] - Yimutian's operational model minimizes heavy asset costs, focusing on technology development and service network expansion [11] Group 4: Market Potential - The total value of China's primary agricultural product circulation reached 9 trillion yuan in 2023, with a theoretical commission market space of 450 billion yuan based on a 5% commission rate [7] - The digital agriculture B2B service market in China is projected to grow significantly, with a compound annual growth rate of 37.6% expected from 2024 to 2029 [12] Group 5: Global Strategy - Yimutian is expanding its international operations, aiming to integrate global agricultural resources and provide high-quality products to consumers worldwide [13] - The company plans to replicate its successful model of integrating agents and standardized services in international markets, particularly in regions like Southeast Asia and Africa [15] Group 6: Competitive Advantage - Yimutian's competitive edge lies in its established "data + users + services" barrier and its deep understanding of the agricultural industry [15] - The company is positioned to benefit from the increasing digitalization of agriculture, with a focus on meeting the practical needs of farmers and agents [16]

Core Viewpoint - The company, YMT, is a leading agricultural B2B platform in China, focusing on addressing challenges in agricultural product circulation and aiming to expand its market presence through an upcoming IPO on NASDAQ [1][2]. Company Overview - YMT was established in 2011 and has become the largest agricultural B2B platform in China, with a total agricultural product output of 2.1 billion tons in 2024 and a circulation value of primary agricultural products reaching 5.5 trillion RMB [1]. - The company has submitted an IPO application to the SEC, aiming to raise up to 40 million USD, with specific share issuance details yet to be disclosed [1]. Financial Performance - YMT has not yet achieved profitability, but its losses have significantly narrowed, with revenues of 188 million RMB in 2023 and 161 million RMB in 2024, reflecting a 14% decline [2][6]. - The net loss for 2024 was reduced to 34.94 million RMB from 106 million RMB in 2023, primarily due to a 37.9% decrease in revenue costs and a reduction in operating expenses [7]. Business Model and Services - YMT operates four main business lines: digital agricultural commerce services, agricultural procurement and trade services, smart agriculture, and other digital agricultural solutions [3]. - The core business, digital agricultural commerce services, is facilitated through two apps: "YMT" and "Dou Niu," covering the entire agricultural product transaction process [3]. - The company has established a service network covering over 340 cities and 2800 counties, facilitating approximately 1.47 billion searches and 1.87 billion potential transactions in 2024 [3]. Market Growth and Trends - The agricultural B2B platform market in China is experiencing rapid growth, with a projected GMV of 132.7 billion RMB in 2024, reflecting a CAGR of 15% from 2020 [8]. - The digital agricultural services market is expected to reach 1.63 billion RMB in 2024, with a remarkable CAGR of 54.5% from 2020 to 2024 [9]. Competitive Landscape - YMT faces intense competition from major players like Alibaba and JD, as well as specialized platforms in the agricultural sector [10]. - The company must develop differentiated competitive advantages to navigate the challenges of high costs and low standardization in the agricultural e-commerce space [10]. Financial Health - As of December 31, 2024, YMT's total assets were 61.02 million RMB, while total liabilities reached 496 million RMB, indicating a high debt level relative to its assets [12]. - The significant shareholder loans of 249 million RMB suggest confidence from investors in the company's future growth potential [12].

Core Viewpoint - The strategic cooperation between Yimuyuan Group, Zhang Jiabao Academy Workstation, and Zhongxiang Xiyao Technology aims to address soil degradation issues in agriculture, enhancing crop yield by 10% per acre through the "Wotu Plan" [1][2]. Group 1: Strategic Cooperation - Yimuyuan Group has signed a strategic cooperation agreement with Zhang Jiabao Academy Workstation and Zhongxiang Xiyao to tackle soil degradation in agriculture [1]. - The "Wotu Plan" will integrate resources to provide comprehensive soil improvement support for agricultural producers nationwide [1][2]. Group 2: Soil Degradation Issues - Soil issues such as compaction, salinization, and declining fertility are increasingly limiting crop yield and quality [1]. - The 2025 Central Document No. 1 emphasizes key measures for soil restoration, including targeted governance and differentiated remediation [1]. Group 3: Technical Implementation - Zhongxiang Xiyao has developed 360 million tons of natural high-quality humus materials overseas and invested 800 million yuan in domestic factories to ensure quality from raw materials to products [2]. - The collaboration will provide three free services to agricultural producers: soil testing, tailored soil improvement solutions, and big data services for crop selection [2]. Group 4: Educational Initiatives - The Yimuyuan APP will feature professional courses by Zhang Jiabao and his team, making national-level research accessible to farmers [2]. - This initiative aims to transform traditional agricultural practices by providing scientific guidance rather than relying solely on experience [2]. Group 5: Future Prospects - Yimuyuan Group plans to create a closed-loop system of "testing-diagnosing-improving-increasing efficiency" to enhance agricultural productivity and address soil degradation [3]. - The "Wotu Plan" serves as a starting point for expanding agricultural technology services and promoting the transformation of research outcomes into practical applications [3].

微信公众号｜ipozaozhidao 蜜雪冰城 一周IPO动态，覆盖港股、美股、A股。 本文为IPO早知道原创 作者｜C叔 更多详情： 蜜雪冰城今起招股：英国投资巨头入局，高瓴、龙珠、红杉、博裕均参与基石 思格新能源 港股｜递交招股书 据IPO早知道消息，思格新能源(上海)股份有限公司（以下简称"思格新能源"）于2025年2月21日正 式向港交所递交招股说明书，拟主板挂牌上市，中信证券和法国巴黎银行担任联席保荐人。 截至2024年12月31日，蜜雪冰城在中国及海外共拥有46,479家门店，仅以截至2024年9月30日的 45,302家门店数量计算，蜜雪冰城已经成为全球第一的现制饮品企业。2021年、2022年、2023年 及2024年，蜜雪冰城分别实现了228亿元、307亿元、478亿元及583亿元的终端零售额，同期出杯 量分别达到36亿杯、47亿杯、74亿杯和90亿杯，2024年的出杯量和终端零售额分别同比增长了 21.9%和21.7%。 2022年、2023年以及2024年前三季度，蜜雪冰城分别实现了136亿元、203亿元及187亿元的收 入，同比增长31.2%、49.6%及21.2%。同期，净利润分别为 ...

成立于2011年的一亩田作为一家覆盖农业全产业链的产业互联网企业，致力于以数字技术推动农业 产业转型发展。 覆盖种植、批发、流通等农业全产业链的综合性数字集团企业。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，中国证监会国际合作司于2025年2月17日披露了《关于YIMUTIAN INC.（一亩 田集团）境外发行上市备案通知书》。 根据备案通知书，一亩田计划发行不超过196,169,769股普通股并在美国纳斯达克证券交易所上 市。 以搭建农产品B2B数字化产销服务平台开始，一亩田逐步发展成为覆盖种植、批发、流通等农业全 产业链的综合性数字集团企业，旗下 现拥有 一亩田APP数字平台、豆牛智慧代卖、沃众田数字规模 化种植基地、区域产业服务等业务板块，形成农业全产业链数字化服务创新模式。 其中， 围绕"卖货"难题，一亩田搭建 了 全国最大的农产品B2B流通数字服务平台——一亩田APP ， 为B端农产品买卖双方提供信息撮合、精准营销、在线交易、行情查询等综合服务 。目前，平台 采供B端用户超过5600万，全年可售卖农产品品类超过1.5万，包括瓜果蔬菜、 ...