Hefei Fengle Seed Co Ltd

Guotou Fengle released its 2026 interim report, with net profit attributable to the parent company at a loss of 31.2 million yuan, an increase of 3.18 million yuan compared with the same period last year. The company's total operating revenue was 1.195 billion yuan, up 3.88 percent year on year. Net cash outflow from operating activities was 96.57 million yuan, an increase of 8.13 million yuan over the same period last year, marking a second consecutive year of growth. The company's latest asset-liability ratio was 32.08 percent, gross margin was 12.02 percent, and diluted earnings per share was negative 0.04 yuan.

SDIC Fengle's first-half loss widened year on year, while noted retail investor Xia Chongyang entered the company's list of top ten shareholders. In the first half, the company achieved operating revenue of 1.195 billion yuan, up 3.88 percent year on year. Net profit attributable to shareholders of the listed company was a loss of 31.2 million yuan, compared with a loss of 28.03 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 37.04 million yuan, compared with a loss of 31.27 million yuan a year earlier. By business segment, corn seed revenue rose 115.91 percent year on year, but rice seed revenue fell 19.66 percent, and agrochemical revenue declined 1.07 percent. As of June 30, Xia Chongyang held 9.95 million shares, accounting for 1.25 percent of the company's total share capital. The company also plans to transfer a 51 percent stake in its subsidiary Fengle Agrochemical through public listing, and to acquire a 60 percent stake in SDIC Zhangye Golden Seed Technology Company held by SDIC Seed Industry.

SDIC Fengle has issued its 2026 first-half performance forecast, projecting a net loss attributable to the parent of 28 million to 33 million yuan, compared with a loss of 28.03 million yuan in the same period last year. The company said profits from its seed and agrochemical businesses increased year on year, but profits from the fertilizer business fell due to lower gross margins on concentrate powder, and profits from the fragrance business declined because of higher depreciation at the new plant. The previously disclosed first-quarter report showed a net loss attributable to the parent of 16.75 million yuan, widening from the same period a year earlier.