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.
Gansu Yasheng Industrial Group Co LtdSix departments issued a rural revitalization investment mechanism plan, boosting grain concept stocks including Yasheng Group, which hit limit up.
Gansu Dunhuang Seed Co LtdThe rural revitalization investment plan lifted grain concept stocks, with Dunhuang Seed recording four limit-up boards in seven trading days.
