人民日报记者 李波 李蕊 近日，记者在山东省滨州市采访时发现，从田间"出发"的一粒小麦，"走过"加工流水线，能"变 身"600多种产品。这个故事，从一片曾经荒芜的盐碱地开始，走出了一条科技赋能、全链增值、反哺土 地的路径。 从"一粒种"到"万亩田"—— 定向培优促丰产增收 在滨州市滨城区肖家村的田野里，村民肖军正在劳作。这片土地冬夏种小麦，秋天种玉米，今年夏 收小麦亩产近1200斤。然而十几年前，这里的景象截然不同。"搁以前，这片地的苗稀稀拉拉，风一吹 就趴窝；有的地块碱泛得厉害，苗都枯死了。"肖军回忆。 滨州有120多万亩盐碱地，如今"不毛之地"变良田，靠啥？ "不仅要改地，更要从根源上寻突破——选育耐盐碱品种适应盐碱地。"滨州中裕食品有限公司育种 研发中心主任李恒钊说。 然而，盐碱滩上育种，难度很大。 "头一道难关，就是盐碱地'脾气'难捉摸。即使是同一块地，其盐碱度也不一样，拿普通种子在这 儿试，如同盲人摸象。"李恒钊说。 李恒钊和团队另辟蹊径，将选育的种子种在人工模拟的盐碱池里，在一次次人工配比的"咸水浴"中 进行定向培优。"这就像练兵选将，只留下那些挺过盐碱'拷打'的硬骨头，逼着种子们不断'强筋壮 骨 ...

科技赋能、全链增值，山东滨州—— 小麦"变身"600多种产品 近日，记者在山东省滨州市采访时发现，从田间"出发"的一粒小麦，"走过"加工流水线，能"变 身"600多种产品。这个故事，从一片曾经荒芜的盐碱地开始，走出了一条科技赋能、全链增值、反哺土 地的路径。 从"一粒种"到"万亩田"—— 定向培优促丰产增收 在滨州市滨城区肖家村的田野里，村民肖军正在劳作。这片土地冬夏种小麦，秋天种玉米，今年夏 收小麦亩产近1200斤。然而十几年前，这里的景象截然不同。"搁以前，这片地的苗稀稀拉拉，风一吹 就趴窝；有的地块碱泛得厉害，苗都枯死了。"肖军回忆。 滨州有120多万亩盐碱地，如今"不毛之地"变良田，靠啥？ "不仅要改地，更要从根源上寻突破——选育耐盐碱品种适应盐碱地。"滨州中裕食品有限公司育种 研发中心主任李恒钊说。 然而，盐碱滩上育种，难度很大。 "头一道难关，就是盐碱地'脾气'难捉摸。即使是同一块地，其盐碱度也不一样，拿普通种子在这 儿试，如同盲人摸象。"李恒钊说。 李恒钊和团队另辟蹊径，将选育的种子种在人工模拟的盐碱池里，在一次次人工配比的"咸水浴"中 进行定向培优。"这就像练兵选将，只留下那些挺过盐碱'拷打' ...

Group 1: Agricultural Innovation - The transformation of saline-alkali land in Binzhou has led to the cultivation of high-yield wheat varieties, such as "Yutian Wheat 126," which has passed national approval in 2023 [4][6] - The local government and companies are actively promoting salt-alkali resistant seed varieties to enhance agricultural productivity [2][5] - Farmers initially showed skepticism towards new seed varieties but changed their attitudes after witnessing tangible high-yield results [5][6] Group 2: Food Processing and Value Addition - Binzhou's wheat can be processed into over 600 products, significantly increasing its economic value from approximately 3,700 yuan to around 9,140 yuan per ton [12] - The company has developed advanced processing techniques that have increased the value of by-products like wheat bran, which now sells for 30,000 yuan per ton compared to 1,800 yuan previously [8][12] - The company has achieved nearly 100% utilization of wheat, saving 500,000 tons of grain annually through efficient processing [13] Group 3: Waste Utilization and Sustainability - The company has developed a method to convert liquid waste from alcohol production into animal feed, improving feed efficiency by over 10% and increasing economic benefits by over 20% for pig farming [14][16] - The use of anaerobic fermentation for pig manure treatment has resulted in improved soil quality and increased crop yields in previously unproductive saline-alkali fields [15][16] - The overall approach emphasizes a circular economy, where waste products are transformed into valuable resources, contributing to significant cost savings and environmental benefits [14][16]

Core Viewpoint - Ganyuan Food reported a revenue of 945 million yuan and a net profit of 74.61 million yuan for the first half of the year, indicating a focus on enhancing its "omni-channel + multi-category" strategy to improve market share and sales coverage [1] Group 1: Financial Performance - In the first half of the year, Ganyuan Food achieved a revenue of 945 million yuan and a net profit of 74.61 million yuan, with a non-recurring net profit of 63.53 million yuan [1] Group 2: Product Development - Ganyuan Food specializes in the research, production, and sales of various snack foods, including green peas, sunflower seeds, broad beans, and flavored nuts, expanding from a single category to a diversified product range [2] - The company has developed new products with innovative flavors such as crab roe, wasabi, and salted egg yolk, addressing consumer demand for diverse tastes and reducing market volatility risks associated with single product categories [2] - Ganyuan Food employs advanced technologies like freeze-drying and low-temperature baking to create healthy and tasty snacks [2] Group 3: Channel Strategy - The company has established a comprehensive marketing channel, integrating online and offline platforms, ensuring effective consumer reach from core business districts to retail stores [3] - Ganyuan Food actively engages with e-commerce platforms such as Tmall, JD.com, Pinduoduo, Douyin, and Kuaishou, exploring new channel models like live streaming to enhance brand recognition and consumer engagement [3] - The company aims to deepen its high-potential channel layout through product innovation and precise differentiation strategies [3] Group 4: Market Outlook - The snack food industry in China is characterized by a diverse competitive landscape with significant potential for growth in per capita consumption and market concentration [4] - The evolution of consumer scenarios and the transformation of traditional retail channels are creating new opportunities for the snack food industry, requiring companies to innovate in operational models and enhance product upgrade quality and speed [4] - The emerging flavored nut sector is still in its infancy in the domestic market, presenting growth opportunities as per capita nut consumption rises [5]

Investment Rating - The report assigns a "Buy" rating for the company [5] Core Views - The company has established a strong flavor advantage in its product categories and is leveraging channel innovations to drive growth. The expansion into flavor nuts and snacks has led to a stable growth trajectory, with a projected revenue of 2.26 billion yuan in 2024, reflecting a CAGR of 20.4% over the past three years [1][3][18] - The company is focusing on enhancing its product barriers through innovative flavors and processing techniques, which have created a competitive edge in the market. The product line has expanded significantly, with the proportion of products outside the "old three" increasing from 32.6% in 2020 to 50.9% in 2024 [2][11][17] - The company is actively expanding its distribution channels, particularly in emerging markets and overseas, while also refining its traditional retail strategies. This includes a shift to a direct operation model for traditional supermarkets starting in 2024 [2][18] Summary by Sections Company Overview - The company has a concentrated ownership structure with the founder holding 56.24% of the shares, ensuring strategic direction and stability in operations [21][24] Product Development - The company has built a robust product barrier through continuous innovation in flavors and processing methods, resulting in a strong competitive position in the snack food industry. The focus on flavor innovation has led to the successful introduction of various new products [2][27][28] Market and Channel Strategy - The company is capitalizing on the channel transformation in the retail industry, particularly through the expansion of bulk snack stores and membership stores. The company is also exploring international markets, particularly in Southeast Asia, where there is a growing demand for flavored nuts [2][18] Financial Projections - The company is expected to achieve revenues of 2.33 billion yuan in 2025, with a projected growth rate of 3.0% year-on-year. The net profit is forecasted to be 328 million yuan, reflecting a decline of 12.9% year-on-year due to cost pressures [3][4]

Core Insights - Henan province has successfully implemented a rural revitalization strategy focusing on "industrial strength, cultural soul, and governance efficiency," achieving significant agricultural productivity and rural development [1] - The province's grain production has consistently exceeded 130 billion jin for eight consecutive years, utilizing nearly 6% of the national arable land to produce about 10% of the country's grain [1] - By 2024, the per capita disposable income of rural residents in Henan is expected to surpass 21,000 yuan, with 5G coverage reaching 100% in administrative villages [1] Agricultural and Industrial Development - Henan Tianzhonghe Food Co., Ltd. in Wuzhi County has invested in advanced automated poultry farming systems, enhancing production efficiency and quality through technology [2] - Henan Qixiang Biotechnology Co., Ltd. focuses on vaccine development for poultry and livestock, with a production capacity of 7 billion doses of live vaccines and 1 billion milliliters of inactivated vaccines annually [2] - The county of Wuzhi is promoting industrial transformation by nurturing specialized enterprises, contributing to high-quality industrial development [2] Food Processing and Value Addition - Nanyang Biaodian Food Co., Ltd. processes local agricultural products, enhancing their value and providing significant income to local farmers through contract farming [3] - The county has established high-standard farmland and integrated agricultural development with rural construction, supporting local industry [3] Future Industrial Plans - By 2025, Henan aims to develop six major industrial clusters and eighteen collaborative chains, focusing on food processing, specialty planting, and rural tourism [4] - The province emphasizes agricultural technology and mechanization to enhance production efficiency and support agricultural modernization [4] Cultural Heritage and Tourism - The restoration of traditional villages in Henan, such as Lidu Village, has transformed them into tourist attractions, significantly increasing visitor numbers and revenue [5][6] - The integration of cultural heritage with tourism has created a vibrant industry ecosystem, enhancing local economies [7] Governance and Community Development - The establishment of a "Party Organization + Industry" model in Mengzhou has fostered local economic development and job creation [8] - Henan's governance model promotes community participation in decision-making, enhancing transparency and accountability [9][10]