亩均收益突破 2700元！疏附甜 菜喜迎丰收_南 方+_南方plus "今年300亩甜菜 迎来大丰 收！"在疏附县 石园镇却云其村 的甜菜地间，疏 附县硕果累累家 庭农场负责人曹 彦明站在田埂 上，脸上满是藏 不住的喜悦。 在他的身后，一 台大型甜菜收割 机穿梭在甜菜地 中，机械轰鸣 间，饱满壮实的 甜菜被连根拔 起、自动去叶除 泥后，顺着输送 装置快速装入运 输车辆，即将开 启"从田间到工 厂"的旅程。 智慧农业助丰产 "今年不仅甜菜 长得好，采收效 率也翻了番！" 他介绍，得益于 专业收割机，以 前人工采收300 亩地需要半个 月，现在不到两 天就能完成，相 比传统人工采收 效率提升了数十 倍。 这样的高效丰 产，源自智慧农 业的支撑。在他 的甜菜地旁，智 慧农业技术已深 度应用。搭载北 斗导航的播种机 精准完成开沟、 监测土壤湿度与 气象数据，按需 调控水肥用 量。"以前靠经 验种，现在靠数 据种，不仅省工 省力，产量和品 播种、覆膜、铺 滴灌带一体化作 业，行距误差不 超2厘米；田间 的智能灌溉系统 通过传感器实时 质还更有保 障。"曹彦明十 分欣喜："今年 甜菜亩产预计超 6吨，且糖分含 量远超往年 ...

Core Viewpoint - The stock of Guannong Co., Ltd. has shown a significant increase in price and trading activity, indicating positive market sentiment and potential investment opportunities [1][2]. Company Overview - Guannong Co., Ltd. is located in Korla City, Xinjiang, and was established on December 30, 1999, with its stock listed on June 9, 2003. The company specializes in deep processing, trade, warehousing logistics, and supply chain services of Xinjiang specialty agricultural products such as tomatoes, cotton, and sugar beets [2]. - The company's revenue composition is as follows: Industrial 68.69%, Commercial 27.37%, and Services & Others 3.94% [2]. Stock Performance - Year-to-date, Guannong's stock price has increased by 29.96%, with a 2.90% rise over the last five trading days, 5.60% over the last 20 days, and 11.19% over the last 60 days [2]. - As of November 19, the stock price was reported at 9.24 CNY per share, with a market capitalization of 7.179 billion CNY [1]. Financial Performance - For the period from January to September 2025, Guannong reported a revenue of 2.136 billion CNY, a year-on-year decrease of 24.80%. However, the net profit attributable to shareholders was 347 million CNY, reflecting a year-on-year increase of 4.56% [2]. Shareholder Information - As of September 30, 2025, the number of shareholders was 35,000, a decrease of 10.64% from the previous period. The average circulating shares per person increased by 11.91% to 22,174 shares [2]. - The company has distributed a total of 1.182 billion CNY in dividends since its A-share listing, with 640 million CNY distributed over the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the ninth largest circulating shareholder, holding 2.6376 million shares as a new shareholder [3].

Report Information - Report Name: Sugar Daily Report - Date: October 15, 2025 - Researcher: Wang Haifeng, Lin Zhenlei, Yu Lanlan, Hong Chenliang, Liu Youran [3] 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - The supply pressure from major sugar - producing countries in both the Northern and Southern Hemispheres, along with the recent sharp decline in crude oil prices and the rapid depreciation of the Brazilian real, have exerted significant pressure on sugar prices [7]. - The Zhengzhou sugar futures were dragged down by the raw sugar, resulting in a significant decline, and the spot price also dropped significantly, indicating weak market demand and sugar mills' eagerness to clear inventory [8]. 3. Summary by Directory 3.1行情回顾与操作建议 (Market Review and Operation Suggestions) - **Futures Market Conditions**: On Monday, the New York raw sugar futures tumbled. The主力 March contract closed 3.29% lower at 15.57 cents per pound. The London ICE white sugar futures' December contract closed 1.4% lower at $444.00 per ton. SR601 closed at 5397 yuan per ton, down 77 yuan or 1.41%, with an increase of 32133 contracts in open interest. SR605 closed at 5370 yuan per ton, down 74 yuan or 1.36%, with an increase of 8310 contracts in open interest. The US sugar 03 contract closed at 15.57 cents per pound, down 0.53 cents or 3.29%, with a decrease of 26 contracts in open interest. The US sugar 05 contract closed at 15.13 cents per pound, down 0.49 cents or 3.14%, with an increase of 722 contracts in open interest [7]. - **Spot Market Conditions**: The spot prices in domestic production areas were lowered. The price of Nanning sugar was 5820 yuan, and that of Kunming sugar was 5710 yuan [8]. 3.2行业要闻 (Industry News) - **Sugar Mill Start - up**: As of now, 11 sugar mills in Inner Mongolia have started operation in the 2025/2026 sugar - making season, and the last one is expected to start tomorrow. The price of white sugar of Inner Mongolia Lingyunhai in the 2025/2026 sugar - making season is 5850 yuan per ton, and the price of granulated sugar is 5950 yuan per ton [9]. - **Indian Sugar Exports**: India exported 775,000 tons of sugar in the 2024 - 25 market year (October 2024 to September 2025). The largest destination for Indian sugar exports was Djibouti with 146,000 tons, followed by Somalia with 135,000 tons, and Sri Lanka with 134,000 tons. The Indian government allowed a total export of 1 million tons of sugar in the 2024 - 25 market year on January 20, 2025 [9]. - **Brazilian Sugar Production**: A survey of 10 analysts showed that the sugar - cane crushing volume in the central - southern region of Brazil in the second half of September was expected to increase by 3.3% year - on - year to 40.12 million tons, and the sugar production was estimated to increase by 7.7% year - on - year to 3.05 million tons [9]. - **Weather Phenomenon**: The Australian Bureau of Meteorology and the Climate Prediction Center under the US National Oceanic and Atmospheric Administration indicated that La Niña might occur briefly before early December this year and last until February 2026, which often causes rainfall and floods in Asia, especially in India [10]. 3.3数据概览 (Data Overview) - The report presents multiple data charts, including spot price trends, 2601 contract basis, SR1 - 5 spread, Brazilian raw sugar import profit, Zhengzhou Commodity Exchange warehouse receipts, Brazilian real exchange rate, and the trading and position data of the top 20 seats of the Zhengzhou sugar futures' main contract [12][14][19][22].

Core Points - The article highlights the successful harvest of sugar beets in the Inner Mongolia Autonomous Region, specifically in the Xingan League's Tuquan County, covering an area of 27,200 acres [1][3][11] Group 1: Harvest Details - The harvesting process involves over 40 large machines working simultaneously to remove leaves, lift, and clean the sugar beets, showcasing advanced agricultural technology [3][9] - The sugar beets are described as plump and aromatic, indicating a high-quality yield [3][11] Group 2: Agricultural Significance - Tuquan County is referred to as a "super grain-producing county" in China, emphasizing its importance in the national agricultural landscape [1][11] - The mechanization of the harvesting process reflects a trend towards modernization in agriculture, potentially increasing efficiency and output [3][9]

Core Viewpoint - Water Development Agriculture Group showcases a comprehensive modern agricultural industrialization system from breeding to sales, emphasizing the application of agricultural technology to achieve significant yield results during the Chinese Farmers' Harvest Festival [1] Group 1: Breeding and Technology - The company utilizes technological innovation to establish a solid foundation for harvest, focusing on breeding cold-resistant and lodging-resistant "red wheat" varieties, achieving stable yields exceeding 300 kilograms per mu, which is over a 20% increase compared to traditional methods [3] - Soil moisture monitoring and intelligent water-saving irrigation systems are implemented to enhance crop resilience against extreme weather [3] Group 2: Smart Planting and Collaboration - The company promotes a collaborative model of "enterprise + professional cooperatives + farmers," achieving large-scale operations through centralized land transfer, providing unified supply of seeds, fertilizers, technical guidance, and procurement [5] - The use of large combine harvesters and self-propelled harvesting equipment significantly improves operational efficiency and reduces labor costs during the harvest season [5] Group 3: Post-Harvest Processing - For Water Development Agriculture, harvesting marks a new starting point in the supply chain, with sugar beets sent directly to sugar factories for preservation processing, maximizing sugar retention [7] - Wheat is processed in intelligent drying warehouses using low-temperature circulation drying technology to ensure grain safety and nutrient retention, while high-quality products are connected to mid-to-high-end markets through cold chain systems, enhancing added value [7]

Group 1 - Japan's rice self-sufficiency rate, including feed, reached 97% by weight, but this represents a 2% decrease from the previous year [5] - The food self-sufficiency rate in Japan, calculated by calories, has remained at 38% for four consecutive years, despite an increase in domestic rice consumption [2][4] - The Japanese government aims to increase the food self-sufficiency rate to 45% by 2030, highlighting the low rates compared to other major countries like Australia (247%), France (118%), and the US (101%) [4] Group 2 - The consumption of domestic wheat has decreased due to poor harvests, contributing to the stagnation of the food self-sufficiency rate [2] - The overall food self-sufficiency rate by value increased by 3 percentage points to 64%, driven by rising rice prices [5] - Daily per capita caloric consumption is set at 2248 kilocalories, with domestic sources contributing 860 kilocalories [4]

Core Insights - The article highlights the transformation of traditional agriculture into modern agriculture through technological advancements in preservation, processing, and logistics, exemplified by the Waterfa Agricultural Group's initiatives. Preservation Technology - The company focuses on selecting storage-resistant varieties such as Jinxiang purple garlic and Qixian white garlic to enhance preservation from the planting stage [1] - A temperature-controlled cold chain system is established for storage and transportation, ensuring that garlic maintains its freshness from harvest to global markets, extending the preservation period from "ten miles" to "over a month" [1] Deep Processing Upgrade - Waterfa Agricultural's subsidiary, Inner Mongolia Baihui New Agricultural Technology Co., Ltd., has shifted from selling raw materials to enhancing product value through modern deep processing techniques, increasing the added value of sugar beet products by nearly ten times compared to raw materials [4] - The company employs a model of "enterprise + base + farmers" in order agriculture, integrating resources across planting, processing, research, and sales, which supports local employment and regional agricultural economic development [6] Smart Logistics - Waterfa Agricultural's subsidiary, Hulunbuir Waterfa Agricultural Development Co., Ltd., is transitioning agricultural resource distribution from traditional methods to intelligent scheduling, improving logistics efficiency [8] - The company provides quality agricultural inputs and professional technical support to farmers, optimizing fertilizer distribution based on scientific data, thus enhancing agricultural modernization [8]

Industry Overview - Sugar crops are essential for the sugar industry, primarily including sugarcane, sugar beet, and sweet sorghum [2][3] - The economic benefits of sugar crop cultivation have declined, leading to reduced planting intentions among farmers, particularly in northern regions where corn expansion has occurred [4][6] - In 2024, China's sugar crop planting area is projected to be 1,480 thousand hectares, an increase of 64.85 thousand hectares year-on-year [3][4] - Sugar production is expected to reach 11,457.43 million tons in 2024, reflecting a year-on-year increase of 81.13 million tons [4][6] Regional Distribution - Sugar crop production is concentrated in three main regions: Guangxi (59% of national planting area), Yunnan (15.2%), and Guangdong [3][4] Industry Chain - The sugar crop industry chain includes upstream activities such as planting, involving seeds, pesticides, fertilizers, and agricultural machinery, as well as energy and auxiliary materials [6] - Midstream activities focus on sugar processing, primarily involving large state-owned or private enterprises [6] - Downstream applications include food and beverage, pharmaceuticals, and other industries, with by-products like molasses and bagasse contributing to a circular economy [6] Policy Environment - Sugar is a critical commodity in China, second only to staple foods and cooking oil, with various government policies aimed at ensuring supply and supporting agricultural technology [8] Competitive Landscape - The sugar crop industry in China is characterized by regional concentration, state-owned enterprise dominance, and a mix of domestic and international competition [8] - Major companies in the industry include COFCO Sugar, Guangxi Agricultural Investment Sugar Group, Guangdong Hengfu Sugar Group, Guangxi Sugar Group, and Yunnan Yingmao Sugar Group [8][9] Company Profiles - COFCO Sugar is the largest sugar production and trading enterprise in China, with a total sugar production capacity of approximately 1 million tons per year and a refined sugar capacity exceeding 2 million tons per year [9] - In 2024, COFCO Sugar's total sugar operating volume is expected to be around 4.21 million tons, with a revenue of approximately 29.91 billion yuan, reflecting a year-on-year decrease of 1.98% [9] - Guangxi Agricultural Investment Sugar Group is one of the largest sugar producers in Guangxi, with sugar production accounting for about 70% of its revenue [10] - In 2024, Guangxi Agricultural Investment Sugar Group's sugar production is projected to be 43.18 tons, with a revenue of 2.30 billion yuan from sugar sales [10] Future Trends - The sugar crop industry is expected to shift from a "scale-oriented" approach to a "value-oriented" model, driven by technological advancements, policy support, and market demand [6]

Core Insights - The latest USDA drought report indicates that various major agricultural regions in the U.S. are experiencing drought conditions ranging from moderate (D1) to extreme (D3) as of July 15, 2025, significantly impacting grain, cash crops, and livestock [1] Grain Sector - Durum Wheat: 41% of the production area is under drought conditions, unchanged from the previous week, but up 35 percentage points year-on-year [3] - Spring Wheat: 36% of the production area is under drought conditions, an increase of 1 percentage point from the previous week and up 28 percentage points year-on-year [4] - Winter Wheat: 30% of the production area is under drought conditions, an increase of 4 percentage points from the previous week and up 6 percentage points year-on-year [5] - Corn: 9% of the production area is under drought conditions, a decrease of 3 percentage points from the previous week but up 4 percentage points year-on-year [6] - Soybeans: 7% of the production area is under drought conditions, a decrease of 2 percentage points from the previous week but up 2 percentage points year-on-year [7] - Barley: 59% of the production area is under drought conditions, unchanged from the previous week but up 33 percentage points year-on-year [8] - Sorghum: 7% of the production area is under drought conditions, unchanged from the previous week but down 14 percentage points year-on-year [9] - Rice: 1% of the production area is affected by drought, unchanged from the previous week and the same as last year [10] Cash Crop Sector - Cotton: 3% of the production area is under drought conditions, unchanged from the previous week but down 16 percentage points year-on-year [11] - Peanuts: 1% of the production area is under drought conditions, unchanged from the previous week and down 14 percentage points year-on-year [12] - Sunflowers: 8% of the production area is under drought conditions, unchanged from the previous week and up 5 percentage points year-on-year [13] - Sugarbeets: 39% of the production area is under drought conditions, unchanged from the previous week and up 36 percentage points year-on-year [14] - Sugarcane: 30% of the production area is under drought conditions, unchanged from the previous week and up 30 percentage points year-on-year [15] Livestock Sector - Hay: 18% of the production area is under drought conditions, a decrease of 1 percentage point from the previous week but up 2 percentage points year-on-year [16] - Alfalfa Hay: 30% of the production area is under drought conditions, a decrease of 1 percentage point from the previous week and up 13 percentage points year-on-year [17] - Cattle: 15% of the production area is under drought conditions, a decrease of 1 percentage point from the previous week and unchanged year-on-year [18] - Sheep: 29% of the production area is under drought conditions, unchanged from the previous week and up 9 percentage points year-on-year [18] - Milk Cows: 22% of the production area is under drought conditions, an increase of 1 percentage point from the previous week and up 10 percentage points year-on-year [19] - Hogs: 4% of the production area is under drought conditions, a decrease of 2 percentage points from the previous week and down 3 percentage points year-on-year [19]

Group 1 - Bolivia is experiencing a severe fuel shortage due to insufficient domestic energy reserves and limited fuel imports, significantly impacting agricultural harvests and sales [1][7] - In the economic center of Santa Cruz, fuel shortages have persisted for five weeks, affecting farmers' ability to operate machinery for harvesting crops like sunflowers and chia seeds [3][5] - The decline in natural gas exports has led to rising expenditures on imported fuel, with foreign exchange reserves only covering six weeks of import needs [7] Group 2 - Long queues at gas stations across Bolivia have resulted in protests, with demonstrators blocking key city access points, further exacerbating the fuel shortage and disrupting food and fuel transportation [7] - The agricultural sector is incurring significant losses due to road blockades caused by protests, with daily losses estimated at $610,000 (approximately 4.38 million RMB) [7] - Bolivia's inflation rate reached 5.9% in the first four months of 2025, with essential food items like onions and tomatoes seeing price increases of around 90%, severely affecting the purchasing power of low-income households [9]