（央视财经《经济信息联播》）一粒种子可以改变一片田野；一包饲料能够盘活一方水塘。从巴基斯坦 的金色油菜田，到东南亚的对虾养殖场，来自中国公司的"种养方案"正走进海外民众的生产生活。 总台记者 崔如：相对比，中国品种的植株更加粗壮、花更多、未来荚果也更长更多。 巴基斯坦食用油市场需求巨大，但约90%依赖进口，每年食用油进口额高达40亿至50亿美元。当地传统 的芥菜型油菜产量低，榨取的食用油味道辛辣，农民收益也相对较低。阿里在朋友的推荐下，首次试种 了中国油菜品种。 二月，巴基斯坦旁遮普省春意正浓。金黄的油菜花海中，种植户阿里正查看植株长势。他身后那片比人 还高的油菜并非本地品种，而是来自中国武汉的"HC-021C"杂交油菜。 "HC-021C"杂交油菜是首个在巴基斯坦成功注册的外国油菜品种。据测算，该品种平均亩产油菜籽可达 160至180公斤，比当地品种增产约20%至25%。 中国油菜育种的核心优势之一是成熟的"双低"技术——低芥酸、低硫苷。这不仅使食用油更健康，还能 将菜籽饼粕直接用作饲料，延伸产业链价值。在武汉庆发禾盛公司的种子检测实验室内，科研人员正对 新一代油菜种质进行含油量、硫苷含量等关键指标检测。 ...

Company Overview - Guangdong Yuehai Feed Group Co., Ltd. is a national innovative pilot enterprise primarily engaged in the R&D, production, and sales of aquatic feed, established in 1994 [2] - The company specializes in high-quality aquatic feed, particularly for shrimp and marine fish, with special aquatic feed accounting for approximately 70% of total feed sales [2][3] - The company has a strong market presence in southern China, with about 70% of its revenue generated from this region [2] Financial Performance (Q3 2025) - The company achieved a feed sales volume of 660,000 tons, a year-on-year increase of 11.93% [3][4] - Revenue reached CNY 4.997 billion, reflecting a year-on-year growth of 12.18% [3] - Net profit attributable to shareholders was CNY 26.198 million, a significant increase of 138.86% year-on-year [3] Product Performance - Specific feed types showed varied growth: shrimp and crab feed increased by over 20%, marine special fish feed by over 10%, and general freshwater feed by about 5% [4] - Some species, such as sea bass and grass carp, experienced a decline in sales volume, with decreases ranging from 9% to 18% due to market conditions [4] New Production Facilities - The company launched a new production facility in Anhui with an annual capacity of 100,000 tons, involving a total investment of CNY 170 million [5][6] - This facility aims to serve as a core service hub for the East and Central China regions, enhancing local supply and reducing costs for customers [6][7] International Expansion - The company opened its first overseas subsidiary in Vietnam, with an annual production capacity exceeding 100,000 tons and plans for future expansion to 200,000 tons [8][9] - The Vietnamese facility aims to leverage local resources and serve markets in Southeast Asia, including India and Malaysia [9][10] New Product Development - The company has introduced new products in the prepared food sector, achieving a sales volume of over 6,000 tons, a 92% increase year-on-year, with revenue of CNY 172 million, up 70% [10] - The focus on high-value species such as shrimp and golden pomfret is expected to enhance market competitiveness [11] Market Outlook - The company anticipates a positive outlook for Q4 2025, driven by seasonal demand during the National Day, New Year, and Spring Festival, which is expected to boost consumption and prices in the aquatic feed market [12]

Core Viewpoint - The opening of the Vietnam Yuehai Feed factory marks a significant step in Yuehai Feed's globalization strategy, aiming to penetrate the Southeast Asian market and enhance its operational capabilities abroad [1][2]. Group 1: Company Expansion - Yuehai Feed's wholly-owned subsidiary in Vietnam has officially opened, with a focus on expanding its production capacity and gaining international operational experience [1]. - The factory occupies 5 hectares and has an initial investment of 5000 billion VND (approximately 1.4 million RMB), with a production capacity exceeding 100,000 tons annually, and plans to expand to 200,000 tons [2]. - The factory features advanced technology, including four production lines for shrimp feed and one for expanded feed, utilizing international leading equipment for automated production [2]. Group 2: Market Strategy - The company aims to enhance the Vietnamese aquaculture industry by improving growth rates by 10%, reducing feed conversion ratios by 10%, and cutting waste rates by 50% [2]. - Yuehai Feed is targeting the Vietnamese aquaculture market, which has a capacity of nearly 600,000 tons, including a shrimp feed market of approximately 90,000 tons [3]. - The company plans to leverage its technological advantages to capture market share and promote local aquaculture development, fostering a win-win situation for both the company and the region [3]. Group 3: Financial Performance - Yuehai Feed has shown strong growth momentum, achieving its best performance since listing in the first half of the year, with a profit increase of 216.48% year-on-year in the third quarter [3]. - The successful opening of the Vietnam factory is expected to further expand the company's growth potential and solidify its global strategy [3].