玻璃鳗配合饲料

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一产业链一方案 农行赋能农业科技创新
Zhong Guo Jing Ying Bao· 2025-07-25 19:11
Core Viewpoint - The development of new agricultural productivity is essential for promoting agricultural modernization and achieving comprehensive rural revitalization, with a focus on technological innovation and financial support [3][4][5]. Group 1: Agricultural New Productivity - Agricultural new productivity involves applying modern technologies and models to enhance high-quality agricultural development, which is necessary for transitioning from a major agricultural country to a strong agricultural nation [3]. - The Chinese government emphasizes the importance of technology-driven innovation in agriculture, as outlined in the 2025 Central Document No. 1, which calls for the development of new agricultural productivity tailored to local conditions [3]. Group 2: Financial Support for Agricultural Technology - Financial institutions play a crucial role in supporting agricultural technology enterprises, as highlighted by the recent implementation opinions from seven ministries, which stress the need for a positive financial cycle in agricultural technology [3][8]. - Agricultural Bank of China has signed a strategic cooperation agreement with Tianma Technology to provide credit support, enhancing the company's competitive edge and promoting high-quality development in the marine economy [8][10]. Group 3: Tianma Technology's Role in Eel Farming - Tianma Technology, a leading eel farming enterprise, has developed proprietary feed technology that significantly reduces costs and breaks foreign monopolies, showcasing the high technological value in eel farming [5][6]. - The company operates 76 ecological eel farming bases across several provinces, with plans to increase eel production to 15,800 tons in 2024, positioning itself as the largest eel farming entity globally [6][8]. Group 4: Challenges in Eel Breeding - Despite advancements, the artificial breeding of eels remains a challenge due to the specific environmental conditions required for their reproduction, necessitating further research and collaboration with academic institutions [7][8]. Group 5: Agricultural Bank's Commitment to Rural Development - Agricultural Bank of China focuses on supporting rural revitalization and enhancing the income of farmers through various financial products, including a credit model that combines collateral and credit for local aquaculture farmers [9][10]. - The bank's loans for agricultural projects and rural development have shown significant growth, with a strong emphasis on supporting traditional manufacturing and emerging industries [10][11].
天马集团打造企业风险管理新范式
Qi Huo Ri Bao Wang· 2025-06-05 16:23
Core Viewpoint - Tianma Group is transforming from a "passive burden" to an "active breakthrough" by leveraging a risk management system that links futures and spot markets, thus navigating the volatility in agricultural product prices [1] Group 1: Company Overview - Tianma Group, established in 2002 in Fuzhou, initially focused on special aquatic feed and has since diversified into various sectors including poultry feed, eel farming, and food processing, creating a complete industrial chain [2] - The company has become a key national agricultural enterprise and a national technology innovation demonstration enterprise, leading the global market share in special aquatic feed [2] Group 2: Market Challenges - The company faces significant price volatility in key feed production materials such as soybean meal, corn, and soybean, influenced by climate, planting area, international trade policies, and supply-demand mismatches [3] - Price fluctuations complicate cost control, inventory management, and supply chain stability, with rising raw material prices increasing procurement costs and potential shortages impacting production [3] Group 3: Futures Market Engagement - Tianma Group began developing its futures risk management system in 2013, establishing a professional futures team and integrating hedging into its operational decision-making [4] - The company utilizes futures markets for risk management by locking in procurement prices for raw materials, thus mitigating the impact of price volatility on operations [5] Group 4: Hedging Strategy - The company employs a hedging strategy that includes direct hedging and basis trading, tailored to various commodities based on production schedules and market analysis [5] - A typical hedging case involved selling corn futures at approximately 2460 CNY/ton and later closing positions at 2390-2430 CNY/ton, successfully reducing potential losses from inventory devaluation [6] Group 5: Risk Management Framework - Tianma Group adheres to a strict hedging business management system, conducting demand assessments and developing detailed hedging plans that require approval from a dedicated leadership group [7] - The internal audit department conducts regular audits of the futures derivatives business to ensure compliance and effective risk management [8] Group 6: Future Directions - The company is exploring collaborations with futures companies for forward trading and standard warehouse receipt trading, aiming to integrate logistics and supply chain management with futures market functionalities [8] - Tianma Group is interested in innovative insurance products linked to temperature indices for aquaculture, indicating a commitment to further risk management exploration [8]