Corn seed industry competition intensifies, yuan longping high-tech agriculture Q3 net loss expands by 40% year-on-year | Interpretations

①Yuan Longping High-Tech Agriculture achieved revenue of 0.299 billion yuan in Q3, a decrease of 60.27% year-on-year, with a net loss of 0.587 billion yuan, an increase of 40.49% year-on-year; ②Intensified competition in the corn seed industry is the main factor contributing to the company's revenue decline; ③As of the end of the third quarter, the company's contractual liabilities amounted to 3.87 billion yuan, an increase of 14.8% year-on-year.

cls.cnOct 31 00:45

Yuan Longping High-tech Agriculture's H1 turned losses into profits year-on-year, but high operating expenses and debt ratio remain high. The road to "streamlining" still faces challenges. Interpretation of the financial report.

①Yuan Longping High-tech Agriculture achieved a net income of 0.111 billion yuan in the first half of the year, turning losses into profits year-on-year; ②After deducting non-recurring items, the company's losses have expanded, and the investment income generated from the disposal of part of the equity of Yuan Longping Biology in the first half of the year was 0.34 billion yuan; ③During the period, the company's expenses showed a certain increase compared to the same period last year, and the debt ratio increased slightly compared to the end of last year.

cls.cnAug 28 21:06

Five departments deepen the revitalization of the seed industry. Leading seed companies are expected to see accelerated market share growth.

The People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs have issued a notice on learning and using the experience of the "Ten Million Project" and strengthening financial support for the comprehensive revitalization of rural areas. It proposes to deepen seed industry revitalization and agricultural technology financial services, support seed industry enterprises that meet the conditions to go public, list financing, and refinancing.

cls.cnAug 6 08:11

The general manager is released on bail, while the chairman of the board is detained. Two companies have disclosed the latest situation of their executives in a bulletin | Speed-read notice.

For the purpose of investigating a safety accident, Pu Jianying, the general manager of Jiangsu Asia-Pacific Light Alloy Technology, has been released on bail pending trial. Due to being detained and unable to perform duties, Yang Yongping, the chairman and general manager of Shanghai Xuerong Bio-technology, has had their responsibilities taken over by other executives of the company.

cls.cnJun 24 21:48

"King Oyster Mushroom King" has been placed under detention, with the company losing money for three consecutive years according to the quick announcement.

① Yang Yongping, the Chairman of Shanghai Xuerong Bio-Technology, has been subjected to detention measures, and the company is not aware of the progress or conclusion of the detention investigation. ② Yang Yongping received a warning letter from the Shanghai regulatory bureau last year due to inaccurate financial data disclosure. ③ From 2021 to 2023, the net income of the company was in a loss position.

cls.cnJun 11 20:36

“Lianglong” merger contributes to combined corn and rice seed sales growth, Longping Hi-Tech's revenue is approaching the “10 billion mark” | Financial Report Interpretation

① Benefiting from the integration of “Two Dragons”, Longping Hi-Tech's revenue increased dramatically last year, approaching the 10 billion yuan mark for the first time; ② During the reporting period, the company's rice and domestic corn seed revenue increased 36.50% and 72.30%, respectively, and the market share also increased to a certain extent; ③ The company's 8 genetically-modified corn varieties passed the national review during the reporting period, and 1.14 million mu were piloted for industrialization.

cls.cnApr 28 22:33