*ST天山（300313）公告，2025年6月销售活畜16头，同比减少87.50%，环比减少40.74%；实现销售收 入14.62万元，同比减少87.78%，环比减少75.88%。公司现阶段面临较大的资金压力，决定对上游养殖 业务实施战略性收缩调整。后续待公司资金状况改善并具备发展条件时，将适时、适度地扩大养殖规 模，推动业务的持续发展。 ...

深耕产业特色，全力保障涉农融资需求。中国人民银行海北州分行引导金融机构全力支持粮油丰产和种 业振兴，积极为企业发放粮油储备和农产品加工贷款，为农户、油坊等主体发放青稞、油菜生产经营贷 款。截至3月末，海北州粮食生产贷款余额和其他重要农产品生产贷款余额48.44亿元，其中，种业振兴 贷款余额1.53亿元，为保障国家粮食安全和重要农产品供给奠定了坚实基础；引导金融机构继续细分市 场，创新牦牛/白藏羊产业链经营贷、马铃薯/油菜产业贷、整村授信"村村贷"、活畜贷、乡村振兴富民 贷等产品。截至3月末，海北州涉农贷款余额84.86亿元，同比增长3.7%，其中，农牧户生产经营性贷款 余额68.57亿元，同比增长4.6%。 凝聚多方合力，协同助力乡村振兴。中国人民银行海北州分行配合海北州财政局开展普惠金融发展专项 资金奖补贴工作，截至目前，已对14户小微企业给予支小支农贷款贴息，对8家银行业金融机构给予支 小支农贷款风险补偿，对1家政府性融资担保机构给予涉农业务降费奖补，共计办理740笔，累计补贴 605.67万元，极大提振了企业和金融机构高质量服务乡村振兴的积极性。2025年以来，该行联合州财政 局、地方县政府等举办2场政 ...

从总体情况来看，全国肉牛养殖规模化水平逐步提升，活畜产能基本稳定。 国家统计局数据显示，2024年中国牛期末存栏数量为10047万头，与2013年的8985.76万头相比，近11年 增长了1061.24万头、增幅约为11.81%，年均复合增长率约为1.12%；不过，同比则较2023年的10508.51 万头下降了461.51万头，降幅约4.39%。 5月13日晚间，*ST天山（300313）发布4月活畜销售情况简报，当月，该上市公司销售活畜4头，销售 收入7.05万元，环比变动分别为-33.33%、-20.89%；同比变动分别为-98.23%、-95.68%。 对此，*ST天山表示，鉴于公司现阶段面临较大的资金压力，为确保公司整体运营稳定，公司决定对上 游养殖业务实施战略性收缩调整。*ST天山称，后续待公司资金状况改善并具备发展条件时，公司将依 据市场环境及公司实际情况，适时、适度地扩大养殖规模，推动业务的持续发展。 资料显示，*ST天山主营业务中畜牧业占比约80%，畜牧业中以牛育种和肉牛养殖为主。据悉，肉牛养 殖是对资本、技术、经验、经纪、成本控制、上下游依赖性较强的行业，规模化舍饲符合我国现实情 况，行业 ...

Core Viewpoint - *ST Tianshan is implementing a strategic contraction of its upstream breeding business due to significant financial pressure, as evidenced by a drastic decline in livestock sales and revenue [1][4]. Sales Performance - In April, *ST Tianshan sold only 4 head of livestock, generating a revenue of 70,500 CNY, which represents a month-on-month decline of 33.33% in sales volume and 20.89% in revenue [2][4]. - Year-on-year comparisons show a staggering drop of 98.23% in sales volume and 95.68% in revenue [2][4]. Financial Condition - For the year 2024, *ST Tianshan reported total revenue of 138 million CNY, a slight increase of 0.07% year-on-year, but a net loss of approximately 65.95 million CNY, which is a 199.74% increase in losses compared to the previous year [4]. - In the first quarter of 2025, the company achieved a revenue of approximately 24.65 million CNY, marking a year-on-year growth of 40.5%, while the net loss was reduced to about 4.96 million CNY, a decrease in losses by 31.19% [4]. Business Strategy - The company plans to strategically reduce its breeding operations to stabilize overall operations, with intentions to expand breeding scale when financial conditions improve [4]. - Approximately 80% of *ST Tianshan's main business is in the livestock industry, primarily focusing on cattle breeding and beef cattle farming [4].

Core Insights - The People's Bank of China Qinghai Branch has introduced innovative financing models such as forest rights mortgage loans, state-owned agricultural land use rights mortgage loans, and livestock mortgage loans to meet the diverse financing needs of agricultural and pastoral areas [1][2] - As of March 2025, the balance of forest rights mortgage loans in Qinghai reached 430 million yuan, agricultural land use rights mortgage loans reached 140 million yuan, and livestock mortgage loans totaled 1.97 billion yuan [1] - The establishment of a new mortgage system has activated "sleeping assets" and provided strong support for the development of the real economy in Qinghai [1][5] Financing Innovations - The Bank of China Haidong Branch collaborated with third-party guarantee companies to develop a pledge guarantee model for carbon trading rights, providing a 3 million yuan loan to support Qinghai Carbon Valley Information Technology Co., Ltd. in its carbon trading project [2][3] - Other banks, such as Minhe Rural Commercial Bank and Agricultural Development Bank of China, have also utilized future ticketing rights from local tourist attractions as collateral, providing a total of 1.174 billion yuan in loans to tourism enterprises [3] Support for Rural Development - Qinghai banks are actively implementing mortgage methods for rural housing to rejuvenate rural industries, with Agricultural Bank of China providing batch loans to farmers in need [4] - A farmer named Xie Wenhuan successfully started a rural guesthouse with a 100,000 yuan mortgage loan, significantly increasing his family's annual income [4][5] - The banking sector's innovative measures have successfully activated dormant assets, contributing to the economic and social development of Qinghai [5]