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Hefei Fengle Seed (000713.SZ): The corn seed production area is expected to be about 0.12 million mu in 2024, and it is anticipated that the production area will be reduced in 2025.
On January 17, Gelonghui reported that Hefei Fengle Seed (000713.SZ) recently stated in its investor relations activities that for 2024, the corn seed production area is expected to be approximately 0.12 million mu, of which the area for transgenic varieties is around 0.03 million mu. The seed production plan for 2025 is generally determined around March to April. To mitigate market and inventory risks, the company expects to reduce the seed production area in 2025, which will depend on this year's market conditions. Currently, the company has a good inventory structure, with a high proportion of new varieties.
Hefei Fengle Seed (000713.SZ): The revenue of the seed industry is expected to grow by approximately 30% year-on-year in the fourth quarter of 2024.
On January 17, Gelonghui reported that Hefei Fengle Seed (000713.SZ) recently stated in an investor relations activity that the income from the seed industry is greatly affected by the seasons, mainly achieving revenue in the fourth quarter, which can account for up to 80% of the annual income. The revenue from the seed industry in the fourth quarter of 2024 is expected to grow by about 30% compared to the same period last year. The agricultural chemical Business adjusted its business structure in the fourth quarter, resulting in a slight decline in revenue. The fertilizer industry underwent significant structural adjustments, and the income in the fourth quarter decreased compared to the same period last year. The income from the spice Business in the fourth quarter remained basically stable compared to the same period last year.
Fengle Seed Industry: 2024 Annual Results Forecast
Hefei Fengle Seed (000713.SZ): Expected net income growth of 49.2%-74.07% for the year 2024.
On January 15, Gelonghui reported that Hefei Fengle Seed (000713.SZ) announced its annual performance forecast for 2024, expecting a net income attributable to shareholders of the listed company to be between 60 million yuan and 70 million yuan, an increase of 49.2%-74.07% compared to the same period last year; the net income after deducting non-recurring gains and losses is expected to be between 42 million yuan and 52 million yuan, representing a growth of 57.65%-95.19% year-on-year; the basic EPS is forecasted to be between 0.0977 yuan/share and 0.1140 yuan/share. Reasons for performance changes: 1. Continuous growth in seed industry revenue: compared to the same period last year, hybrid corn.
Hefei Fengle Seed (000713.SZ): The issuance of A-shares to specific parties has received approval from the State-owned Assets Supervision and Administration Commission of the State Council.
On January 9, Gelonghui reported that Hefei Fengle Seed (000713.SZ) announced that recently, Hefei Fengle Seed Co., Ltd. received a forwarded notice from the controlling shareholder, Guotou Seed Technology Co., Ltd., regarding the State-owned Assets Supervision and Administration Commission of the State Council (hereinafter referred to as "State-owned Assets Commission")'s "Reply on the Matters Related to the Non-Public Issuance of A Shares by Hefei Fengle Seed Co., Ltd." (Guo Zi Chan Quan [2024] No. 611). The State-owned Assets Commission has agreed in principle to the company's overall plan for this non-public issuance of no more than 184.204494 million shares, and has agreed that Guotou Seed Technology Co., Ltd. may not exceed 10.89.
Our country is solidly promoting the action to enhance grain production capacity, and the seed industry is entering a period of intensive policy stimulation.
According to reports, this year, our country has solidly promoted a new round of grain production capacity enhancement actions aimed at increasing grain production by a billion pounds, implementing large-scale yield improvement actions for major crops such as grains and oils, and accelerating the construction of high-standard farmland. The Guosheng Securities pointed out that after 2021, policies represented by the seed industry revitalization plan have been intensively introduced, and the seed industry revitalization policies combined with Transgenic changes have led to an expansion of the Industry and a significant optimization of the landscape, currently entering a period of intensive policy and Transgenic information catalysis.
Is Hefei Fengle SeedLtd (SZSE:000713) Using Too Much Debt?
