加自选 万辰集团同时公告，公司董事会决定聘请富睿玛泽为本次发行并上市的审计机构。 万辰集团，作为一家农业产业化国家重点龙头企业，年产食用菌14万吨，致力于将优质的食用菌产品和 服务带给全球消费者。万辰集团拥有业内齐全的品项系列，产品多渠道覆盖全国市场，并远销东南亚及 欧美。万辰集团的营销网络已遍布全国主要城市的农批市场，并与华润苏果、大润发、沃尔玛、新华都 等大型连锁超市及美团、兴盛优选、朴朴、多多买菜等电商平台展开深入合作，产品进入千家万户。在 东南亚市场，万辰产品在越南、泰国等具有较高的品牌知名度和认可度，在欧美，万辰集团的市场正在 不断扩大。 万辰集团(SZ:300972) 深級通 可融资 可卖空 ¥150.11 -2.29-1.50% | 1.70 万球友关注 | | --- | | 体市 08-22 15:34:30 北京时间 | | 最高:153.81 | 今开:152.40 | 涨停:182.88 | 成交量:25524手 | | --- | --- | --- | --- | | 最低:148.00 | 昨收:152.40 | 跌停:121.92 | 成交额:3.85亿 | | 换手:1.56 ...

公司报告 | 首次覆盖报告 万辰集团（300972） 证券研究报告 零食量贩龙头，转型迈入新篇章 行业：量贩零食渠道红利仍存，全品类折扣店或成为趋势 根据艾媒咨询数据，从市场规模看，我国零食集合店市场规模从 2019 年 211 亿元增至 2023 年 809 亿元，4 年 CAGR 约为 40%，预计 2024 年可超 1000 亿元，预计 23-27 年 CAGR 为 18%。从门店数量来看，根据新华网的 信息，预计 2025 年零食量贩门店数量可达 4.5 万家。综合考虑人口密度和 经济水平，中国大陆地区零食量贩行业饱和门店数可达 8.75 万家，仍有约 1 倍的扩张空间。从规模上万辰集团和鸣鸣很忙集团已经处于相对领先位 置，门店数量均超过 1.5 万家，双强格局逐步形成。在当今传统零售业普 遍面临挑战的大环境下，硬折扣全品类批发超市，正悄然成为市场的新风 口，主要量贩零食企业均开始涉足进入全品类折扣超市，目前模型仍在测 试中。 万辰：规模优势逐步显现，全品类折扣店转型可期 公司成立于 2011 年，食用菌业务起家，2022 年开始陆续收购并整合期下 5 大品牌，进军量贩零食业务，开辟第二增长曲线。公司 ...

天眼查App显示，近日，宁夏自然原生态农业有限公司成立，法定代表人为张鹏，注册资本50万人民 币，经营范围为一般项目：谷物种植；蔬菜种植；食用菌种植；中草药种植；蚯蚓养殖；生物有机肥料 研发；肥料销售；畜禽粪污处理利用；土地整治服务；土壤与肥料的复混加工；复合微生物肥料研发； 农作物秸秆处理及加工利用服务；农林牧渔业废弃物综合利用；技术服务、技术开发、技术咨询、技术 交流、技术转让、技术推广；牲畜销售；畜牧专业及辅助性活动；农作物栽培服务。（除依法须经批准 的项目外，凭营业执照依法自主开展经营活动）许可项目：肥料生产；家禽饲养；牲畜饲养。（依法须 经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为 准）。 ...

天眼查App显示，近日，江西省大广食品有限公司成立，法定代表人为赖三平，注册资本50万人民币， 经营范围为许可项目：食品生产，食品销售，食品互联网销售，食用菌菌种生产（依法须经批准的项 目，经相关部门批准后在许可有效期内方可开展经营活动，具体经营项目和许可期限以相关部门批准文 件或许可证件为准）一般项目：食品互联网销售（仅销售预包装食品），食品销售（仅销售预包装食 品），食用农产品初加工，食用农产品批发，初级农产品收购，非食用农产品初加工，食用菌种植，蔬 菜种植，新鲜蔬菜批发，包装服务，普通货物仓储服务（不含危险化学品等需许可审批的项目），水果 种植，新鲜水果批发，豆类种植（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Insights - The article highlights the integration of agriculture, culture, and tourism in the Xinjiang region, particularly in the Kashgar area, to promote rural revitalization and economic development [1][6][9] Group 1: Agricultural Development - The introduction of new crops, such as asparagus, by Jiangxi Guokang Agricultural Group in the Akto County has diversified local agriculture, which previously focused on corn and wheat [2][3] - A 10-year land transfer contract has been established, with a rental increase from 600 yuan per mu in the first three years to 1300 yuan by the tenth year, ensuring stable income for local farmers [3] - The local agricultural model emphasizes government-enterprise cooperation, providing around 250 job opportunities in asparagus cultivation [3] Group 2: Processing and Supply Chain - The establishment of the "Yuejia New Mei Industry Park" has improved the cold storage and logistics for local fruit products, significantly reducing delivery times and costs [4] - The introduction of companies like JD Logistics has streamlined the supply chain, reducing waste and logistics costs by 12% [4] - The focus on deep processing of agricultural products aims to enhance value addition and market reach, particularly in high-demand areas like the Guangdong-Hong Kong-Macao Greater Bay Area [5] Group 3: Tourism Integration - The development of eco-tourism around fig cultivation in Atushi City has attracted significant tourist traffic, with local farmers benefiting from increased income through hospitality services [6][7] - The "fig+" model combines agriculture with cultural tourism, aiming to create a vibrant rural economy and improve living standards for local residents [7][8] - The establishment of the "Lujingqing" edible fungus ecological technology demonstration park has created a multifunctional space for production, tourism, and education, promoting local economic development [8][9]

Group 1 - The company reported a total operating revenue of 908 million yuan for the first half of 2025 [1] - The net profit attributable to shareholders reached 69.02 million yuan, an increase of 39.54 million yuan compared to the same period last year, representing a year-on-year growth of 134.13% [1] - The net cash inflow from operating activities was 150 million yuan [1] Group 2 - The latest debt-to-asset ratio of the company is 49.72% [3] - The gross profit margin improved to 19.41%, an increase of 1.69 percentage points compared to the same period last year [3] - The return on equity (ROE) is 2.12%, up by 1.24 percentage points year-on-year [3] Group 3 - The diluted earnings per share (EPS) is 0.18 yuan, an increase of 0.11 yuan compared to the same period last year, reflecting a year-on-year rise of 145.33% [3] - The total asset turnover ratio is 0.14 times [3] - The inventory turnover ratio is 0.57 times [3] Group 4 - The number of shareholders is 33,400, with the top ten shareholders holding a total of 176 million shares, accounting for 44.75% of the total share capital [3] - The top shareholder is Tao Shi, holding 28.0 million shares [3] - Other notable shareholders include Tian De with 7.92 million shares and the first employee stock ownership plan with 2.29 million shares [3]

Group 1 - The total output value of agriculture, forestry, animal husbandry, and fishery in Shaanxi reached 142.62 billion yuan in the first half of the year, with a year-on-year growth of 3% [1] - The planting industry showed stable development with a year-on-year increase of 3.1% in output value, while the livestock industry improved with a 2% increase [1] - The agricultural economy in Shaanxi is exhibiting an overall stable development trend [1] Group 2 - The increase in summer grain planting area to 16.0384 million mu, up by 31,900 mu from last year, reflects a commitment to food security [2] - Continuous efforts in farmland protection policies and food production support have minimized the impact of drought on grain production [2] - The production of vegetables reached 9.165 million tons, and the output of traditional Chinese medicine materials increased by 23.8%, indicating the robust development of specialty industries [2] Group 3 - The promotion of new varieties and technologies contributed to a fruit production of 985,000 tons and a pig output of 6.08 million heads [3] - Technological innovation is a key driver for high-quality agricultural development, with significant advancements in breeding and smart agriculture [3] - Shaanxi agriculture is undergoing a critical transformation from quantitative to qualitative changes, with a focus on integrating various agricultural sectors [3]

Core Insights - Gansu Wuwei City promoted investment opportunities and signed 122 projects with a total investment of 46.421 billion yuan during the 31st Lanzhou Investment and Trade Fair, focusing on various sectors including new energy, equipment manufacturing, new materials, digital industries, and deep processing of agricultural products [1][2] Group 1: New Energy Projects - New energy projects accounted for over 60% of the total investment, with significant projects including a 300 MW photovoltaic project in Liangzhou District with an investment of 4 billion yuan, which will include the construction of photovoltaic arrays and supporting booster stations [1] - Other notable projects include a 250,000 kW wind power project in Minqin County and a 2 million kW photovoltaic project in Gulang County, which will enhance energy utilization efficiency through the construction of supporting energy storage facilities [1] - The innovative decentralized wind power project for smart streetlights in Tianzhu County combines new energy with infrastructure development, showcasing a new path for green development [1] Group 2: New Materials Industry - Wuwei City is accelerating its new materials industry layout, with the Dayaoxinlei active nano-calcium-based materials industrial base project in Gulang County investing 1.12 billion yuan and producing 200,000 tons of nano-calcium-based materials annually [2] - A high-performance silicon-carbon anode materials project will be developed in three phases with a total investment of 1 billion yuan, providing critical material support for the new energy industry chain [2] - Additional projects include a 60,000 tons per year lithium-ion battery anode materials integration project in Minqin County and a static pressure graphite purification project in Liangzhou District, further enriching the new materials industry ecosystem [2] Group 3: Agricultural and Environmental Projects - The signed projects in the agricultural sector focus on technology empowerment, such as the edible mushroom smart industrial park in Tianzhu County and the modern potato industrial park in Liangzhou District, which aim to enhance the added value of the industry through intelligent technology [2] - In the green and environmental sector, projects like the comprehensive utilization project for 40,000 tons of waste lithium batteries in Gulang County and the Tianzhu Impression biological research and development base reflect the deep practice of circular economy concepts [2]

Group 1 - The core focus of the 31st Lanzhou Investment and Trade Fair is on attracting investment in various sectors, particularly in new energy projects, which account for over 60% of the total investment amount [1][3] - A total of 122 projects were signed during the event, with a total investment amount of 46.421 billion yuan [1][3] - The signing of strategic cooperation agreements with Wuxi City and Envision Energy highlights the commitment to developing a zero-carbon industrial park and promoting economic collaboration [1][3] Group 2 - The new energy projects include a 3 million kilowatt photovoltaic project in Liuzhou District, which will feature solar power arrays and supporting substations, along with ecological restoration efforts [3] - Innovative projects in the new materials sector include a 200,000-ton annual production capacity for nano-calcium-based materials and a lithium-ion battery anode material project with an annual output of 60,000 tons [3] - The focus on agricultural products and food processing emphasizes the integration of technology to enhance industry value, as seen in the smart mushroom industry park and modern potato industry park [3] Group 3 - The region is recognized for its diverse agricultural products and has established a complete industrial chain from grain to food, including significant capacities for wind power generation [5] - Wu Wei is developing a first-class development ecosystem driven by leading enterprises, supported by favorable policies and efficient services, aiming for breakthroughs in new industrialization and productivity [5]

Core Viewpoint - The article highlights the increasing prevalence of fraudulent activities disguised as "contract farming," which exploit farmers and undermine their legal rights. It emphasizes the need for awareness and caution among farmers regarding these scams [1][2]. Group 1: Characteristics of "Contract Farming" Scams - Scammers often target niche agricultural products, such as edible fungi and traditional Chinese medicine, which have high technical barriers and volatile market conditions, making farmers vulnerable to deception [1]. - The use of internet live streaming for false advertising is common, where scammers promote projects as having low investment, high profits, and broad market access, often fabricating government endorsements and documents [1][2]. - Various enticing methods are employed to lure farmers, including promises of unrealistic buyback prices and high returns on investment, as well as offering free visits and reimbursements to create a false sense of legitimacy [1][2]. Group 2: Lack of Support and Quality Issues - Many scams lack real industrial backing, often presenting themselves as large, capable enterprises while actually being "shell" companies without the necessary agricultural expertise or sales channels [2]. - Scammers frequently engage in high-priced bundled sales of substandard agricultural inputs, often lacking proper licenses and quality certifications, which can lead to poor agricultural outcomes for farmers [2]. Group 3: Warnings and Recommendations - The article warns that the agricultural industry faces long cycles and dual risks from nature and market fluctuations, indicating that projects promising extraordinary returns are likely traps rather than opportunities [2]. - Farmers are advised to enhance their risk awareness, be skeptical of high return promises, and avoid blindly following recommendations from acquaintances or sensationalized promotions [2].