Gansu Yasheng Industrial Group Co Ltd

In this morning's session, A-share market style shifted, with agricultural and non-ferrous metals cyclical sectors surging while semiconductor technology sectors pulled back. The Shanghai Composite Index reported at 3,946.99 points, up 0.36%, with combined turnover on the Shanghai and Shenzhen exchanges reaching 1.26 trillion yuan in the half-day session. The agricultural sector saw another wave of limit-ups, with Yasheng Group hitting its fourth consecutive limit-up, Dunhuang Seed achieving a third consecutive limit-up, and the Shenwan Agriculture, Forestry, Animal Husbandry and Fishery Index rising 1.53%. A World Meteorological Organization bulletin shows the probability of the El Niño event persisting until February 2027 is close to 100%, and it will reach super intensity in the coming months, with a peak expected around the end of 2026. Affected by this, global agricultural product prices have risen, with Chicago wheat futures hitting a three-year high. The fertilizer sector also moved, with Luhua Technology and other stocks hitting limit-up, and domestic urea quotes rising by 50 to 150 yuan per tonne in a single day. The non-ferrous metals sector rallied, with LME copper prices hitting a record high, touching 14,617 US dollars per tonne. Analysts at Guosen Futures noted that record-low copper concentrate processing fees, inventory divergence, and the start of peak-season restocking are supporting copper prices.

In early trading on September 7, grain concept stocks surged collectively. Yasheng Group hit limit up at the opening and achieved three consecutive limit-up boards, while Dunhuang Seed recorded four limit-up boards in seven trading days. On the news front, six departments including the Ministry of Agriculture and Rural Affairs jointly issued the Implementation Plan for Upholding Prioritized Development of Agriculture and Rural Areas and Improving the Rural Revitalization Investment Mechanism, proposing to basically establish a rural revitalization investment mechanism suited to the level of agricultural and rural development by 2030. In addition, a report by the United Nations Food and Agriculture Organization showed that the global food price index rose 1.9 percent month-on-month in August, and the World Meteorological Organization confirmed that an El Niño event has formed and may persist until 2027. In the first half of the year, Yasheng Group achieved operating revenue of 1.472 billion yuan, down 2.63 percent year-on-year, and net profit of 24.9188 million yuan, down 11.01 percent year-on-year.