Continue to recommend the target of land reclamation reform to focus on the "troika" of the land reclamation department.

The 14th weekly report of the agriculture, forestry, animal husbandry and fishing industry in 2015: continue to recommend the target of land reclamation reform, focusing on the "troika" of the land reclamation system.

First, this week's point of view.

Continue to recommend land reclamation reform, focusing on the "troika" of the land reclamation department: firmly recommend Beidahuang, and actively recommend Nongfa seed Industry and Yasheng Group.

Our Anxin agricultural team insists on digging the investment strategy of bull stocks from the two main lines of "change + reversal". In terms of system reform, the agricultural industry ushered in the dual reform of state-owned enterprises and land reclamation system. Angle of reform of the land reclamation system: in 2015, the Central No. 1 document focused on speeding up land reclamation reform for the first time in a section, combined with a number of central ministries and commissions to conduct research on the land reclamation system in 2014. under the background of the acceleration of land circulation reform, the state to cultivate large-scale agricultural enterprises, the reform of state-owned enterprises and other backgrounds, we believe that a comprehensive reform of the land reclamation system is imminent, and the land reclamation system will usher in the first year of comprehensive deepening reform in 2015.

We believe that two types of targets will benefit from the reform of the land reclamation system. One is the listed enterprises in the agricultural reclamation system that own land resources, innovate the agricultural management mechanism and improve the management mechanism. Focus on the "troika": Beidahuang, Yasheng Group, agricultural development seed industry. The second category is the planting service providers that benefit from the unified management of land and may participate in land transfer: Dayu Water Saving and Huilong shares.

1) this Friday, Beidahuang took off its hat and resumed trading, and we released Beidahuang's in-depth report "Beidahuang: the largest landlord in China to meet the" double inflection point "of land reclamation reform and state-owned enterprise reform. We believe that there are three reform paths for the company: a) group asset injection; b) the introduction of strategic investors to improve business efficiency; c) equity incentives and employee shareholding. See our in-depth report for details.

2) in late March, we held a conference call with senior executives of Yasheng Group and Agricultural Development seed industry to interpret the investment opportunities in land reclamation reform. Specifically, you can refer to our in-depth report "Land Reclamation Reform is imperative to recommend the" troika "of the Land Reclamation Department, as well as the minutes of the meeting.

3) on Thursday, the decision of the CPC Central Committee and the State Council on deepening the Comprehensive Reform of supply and Marketing Cooperatives was issued to further implement the Agricultural Reform Program of document No. 1 of the CPC Central Committee in 2015. As an important means of regulation and control over the grass-roots rural economy, supply and marketing cooperatives will help to achieve the central government's control over the circulation of agricultural materials and agricultural products, and improve the capacity of basic public economic services in rural areas. The revitalization of supply and marketing cooperatives will provide a good opportunity for supply and marketing cooperative-owned enterprises, focus on: Huilong shares, Dongling grain and oil.

2. Continue to recommend the target of business model change, the Internet transformation and upgrading of agricultural enterprises.

In terms of change, we focus on the type of business model change ("Internet + Agriculture"), with Da Bei Nong, Batian shares and Jianghuai Power as the first. Focus on: new Hope (new).

1) on Monday, we held the "Internet + Agriculture" Industry Forum at the Anxin second quarter Strategy Conference, where we invited a number of experts to give lectures and held round tables with a number of listed companies to discuss the "Internet + Agriculture" business model and investment opportunities. For details, please refer to the minutes of the meeting.

2) on Wednesday, we released the Jianghuai Power depth report "build a" new farmer "operation and service platform, firmly recommend!"

3) in early February, we released the agricultural Internet depth report "the next tuyere of the Industrial Internet: agriculture!" and held a conference call with six agricultural listed companies to lead the investment trend in the capital market.

4) in May 2014, we released the Dabei Nong depth report "Da Bei Nong: the Pig standing in the tuyere of the Mobile Internet Wave!"

5) in early March, we released the second blockbuster in-depth report "Da Bei Nong: the next Shanghai Steel Union + Oriental Wealth!", once again in-depth interpretation of Dabei Nong's Internet transformation and upgrading strategy, and held an exclusive conference call on March 6 to work with TMT experts to deeply interpret Dabei Nong's 100 billion market capitalization.