SDIC Fengle's First-Half Loss Widens; Noted Retail Investor Xia Chongyang Appears Among Top Ten Shareholders

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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.

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国投（张掖）金种科技有限公司Private± Mixed
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SDIC Zhangye Golden Seed Technology is the target of a 60% stake acquisition by the company.

国投种业Private± Mixed
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Parent company SDIC Seed Industry is involved in the planned acquisition of a 60% stake in SDIC Zhangye Golden Seed Technology.

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