Core Viewpoint - The company has provided a guarantee of RMB 3 million for its wholly-owned subsidiary, Yichang Yinghan Ultrasonic Electric Co., Ltd., to support its financing needs, with no overdue guarantees reported [1][4]. Group 1: Guarantee Overview - The company signed a guarantee contract with China Shipbuilding Finance Co., Ltd. for the financing of Yinghan Ultrasonic, with a total guarantee amount of RMB 3 million [1][3]. - The company has provided a total guarantee amount of RMB 3 million for Yinghan Ultrasonic as of the announcement date [1][6]. - There are no counter-guarantees associated with this guarantee [1]. Group 2: Subsidiary Information - Yinghan Ultrasonic is a wholly-owned subsidiary of the company, engaged in the design, development, production, sales, installation, and after-sales service of various equipment and systems [2]. Group 3: Financial Status of the Subsidiary - As of March 31, 2025, Yinghan Ultrasonic reported total assets of RMB 219.78 million and total liabilities of RMB 146.50 million, resulting in net assets of RMB 73.28 million [3]. - For the year 2024, the subsidiary's operating income was RMB 210.15 million, with a net profit of RMB 12.12 million, while for the first quarter of 2025, the operating income was RMB 1.98 million, resulting in a net loss of RMB 1.02 million [3]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary and reasonable as the company has control over the subsidiary and its current operating status is good, indicating manageable risk [4]. Group 5: Board Approval - The guarantee has been approved by the company's board of directors and is within the limits set by the 2024 annual shareholders' meeting, thus not requiring further approval [6]. Group 6: Total Guarantee Amount - As of the announcement date, the total amount of external guarantees provided by the company is RMB 238.70 million, which accounts for 2.93% of the company's net assets as of December 31, 2024 [6].

Group 1 - The core viewpoint indicates that the supply of major consumer goods in the local agricultural markets is sufficient, and prices remain generally stable [1] Group 2 - The prices of grain, oil, and subsidiary food products are stable, with peanut prices increasing by 2.86% to 7.20 CNY per 500g, while wheat prices decreased by 0.81% to 1.22 CNY per 500g [2] - The prices of aquatic products remain unchanged, with carp and crucian carp priced at 11.00 CNY and 11.50 CNY per 500g respectively [3] - Pork prices are stable, while egg prices have decreased by 2.86% to 3.40 CNY per 500g; fresh pork prices remain unchanged at 16.50 CNY, 15.50 CNY, and 15.50 CNY per 500g for different cuts [4] Group 3 - Vegetable prices have generally decreased, with an overall decline of 0.86%; specific prices include cabbage at 1.00 CNY, rapeseed at 2.00 CNY, cucumber at 3.00 CNY, and green onion at 1.50 CNY per 500g, with notable increases in some varieties [5] Group 4 - Fruit prices have also shown a general decline, with apples and pears priced at 4.20 CNY and 4.00 CNY per 500g, reflecting increases of 5.00% and 2.56% respectively, while bananas and watermelons have decreased by 3.03% and 18.75% to 3.20 CNY and 1.30 CNY per 500g [6]

Group 1: Silk Road International Cooperation Conference - The "Smart Link, Enjoy the Future" 2025 Silk Road International Industry-Academia-Research Cooperation Conference was launched in Xi'an, attended by over 300 experts, entrepreneurs, and representatives from universities from countries including China, Russia, and Italy [1] - Several universities signed cooperation agreements in fields such as sports, music, and traditional Chinese medicine during the event [1] - The conference aimed to enhance cooperation in talent cultivation, technological innovation, and cultural exchange, contributing to the Belt and Road Initiative by fostering interdisciplinary talent and facilitating cross-border knowledge and technology transfer [1] Group 2: Specialized and Innovative Exhibition - The Specialized and Innovative Exhibition showcased advanced manufacturing innovations, covering an area of 500 square meters with the theme "Specialization Strengthens Chains, New Quality Powers New Journeys" [2] - The exhibition featured specialized and innovative enterprises, including Xi'an Daji Group Co., Ltd. and Xi'an ZhenTai Intelligent Technology Co., Ltd., highlighting new changes, breakthroughs, technologies, and products in the advanced manufacturing sector [2] - There are currently 4,476 innovative small and medium-sized enterprises in the province, with 1,627 provincial-level specialized and innovative SMEs and 206 national-level "little giant" enterprises, playing a crucial role in stabilizing the industrial supply chain [2] Group 3: "Foreign Trade Quality Products China Tour" Activity - The "Foreign Trade Quality Products China Tour" event was held from May 21 to 25, aiming to help enterprises expand domestic markets and promote integrated development of domestic and foreign trade [3] - The event featured over 50 key enterprises showcasing more than 100 quality products across six categories, including machinery, electronics, and agricultural products [3] - Activities during the event included Hanfu performances, enterprise promotions, and policy matchmaking, with participation from e-commerce platforms like JD.com and Vipshop to support foreign trade enterprises in expanding their sales networks [3]

项目分三期建设，一、二期项目占地115亩，投资10亿元，建筑面积22万平方米，主要建设17万平方米 的鲜活冷冻水产、果蔬肉类产品、粮油副食品交易区，并配套建设5万平方米的电商综合体及办公区。 鲜活水产、冷冻水产、肉类产品、蔬菜果品、酒店用品、副食品、干鲜调料、粮油、烟酒糖茶、土产杂 品等将分布在4个核心交易区内。负一层为蔬菜批发卸货区以及停车区。1-3层为各交易区以及精品店 铺，局部4层是餐饮和精品超市。项目三期占地90亩，建筑面积9万平方米，主要建设3万平方米的冷 库、1万平方米的仓储、1.6万平方米的预制菜加工区以及一期市场不能满足部分业态的扩充和物流配 送。 目前，南下河农港城正在紧张建设中，预计明年投入使用，具体搬迁时间将根据工程建设、配套设施安 装进度和市场经营环境科学决策，并且给业户留足装修和试经营时间，什么时候成熟什么时候搬迁，确 保"时机成熟、整体搬迁，搬迁即开业、开业即繁荣"。 齐鲁晚报.齐鲁壹点孙雪婷 南下河市场是潍坊的"菜篮子"，现有的市场已经运营二十二年，在卫生管理、交通组织、功能配套等方 面，逐渐难以满足城市发展的需求。2023年5月24日，潍坊市现代农副产品智慧物流园新南下河市场项 ...

零食量贩迎来 2.0 时代 行业研究丨深度报告丨食品加工与肉类 [Table_Title] 休闲零食行业洞察之渠道篇（二）：拥抱全品类， %% %% %% %% research.95579.com 1 丨证券研究报告丨 报告要点 [Table_Summary] 在性价比消费趋势下，零食量贩实现从 0 到 1 的快速发展，门店已超过 4 万家。随着零食量贩 行业日渐饱和，各品牌开始谋求向全品类硬折扣业态转型。本文通过复盘乐尔乐、奥乐齐两大 知名硬折扣品牌，寻找硬折扣成功的要素，更进一步从品类、消费者画像、盈利能力多方面对 零食量贩 2.0 模式进行展望。 分析师及联系人 [Table_Author] 董思远 冯萱 SAC：S0490517070016 SAC：S0490524060001 SFC：BQK487 请阅读最后评级说明和重要声明 2 / 30 %% %% %% %% research.95579.com 2 [Table_Title 休闲零食行业洞察之渠道篇（二）：拥抱全品类， 2] 零食量贩迎来 2.0 时代 [Table_Summary2] 依托渠道发展，休闲食品行业几经变换 中国休闲食品行业规 ...