Jiangsu Huifeng Agrochemical Co Ltd

Huifeng Agrochemical released its 2026 interim report, with net profit attributable to the parent company of 18.7129 million yuan. Total operating revenue was 258 million yuan, and net cash flow from operating activities was negative 1.7315 million yuan. The latest asset-liability ratio was 41.85%, and gross margin was 5.50%, down 0.43 percentage points from the previous quarter and down 5.15 percentage points from the same period last year. The latest return on equity was 1.44%, and diluted earnings per share was 0.01 yuan. The company had 25,700 shareholders, and the top ten shareholders held 615 million shares, accounting for 40.81% of total share capital.

Jiangsu Huifeng Bio Agriculture Co., Ltd. announced on August 19, 2026 that the company, chairman and general manager Zhong Hangen, then general manager Zhang Xiaobo, and then chief financial officer Zhou Jing received warning letters from the Jiangsu branch of the China Securities Regulatory Commission. The reason is that operating revenue and operating costs in the 2023 half-year report, third-quarter report, and the 2025 first-quarter report, half-year report, and third-quarter report were repeatedly disclosed inaccurately and retrospectively adjusted. The company corrected the relevant reports on April 25, 2024 and May 8, 2026 respectively. The above individuals were subjected to the administrative regulatory measure of receiving warning letters, and this has been recorded in the securities and futures market integrity archives. The company said it will improve internal controls and submit a rectification report, and that this measure will not have a material impact on normal production and operations.

Huifeng Co., Ltd. announced that its subsidiary, Shijiazhuang Ruikai Chemical Co., Ltd., has been ordered by the People's Court of Zhao County, Hebei Province to accept a compulsory liquidation application, effective from August 4, 2026. Ruikai Chemical is a 51.0044% owned subsidiary of the company and had previously been ordered to dissolve by the court. Because the liquidation obligor failed to establish a liquidation committee within the prescribed period, an interested party applied to the court for compulsory liquidation. The company stated that Ruikai Chemical has ceased operations and is not included in the consolidated financial statements. This liquidation will not have a material adverse impact on the company's main business or daily operations, and the value of the company's equity stake will ultimately be determined based on the liquidation results.