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China Galaxy Securities: Central SOE Leads Agricultural Seed Industry, Continues to Write a New Chapter of High-Quality Mergers and Acquisitions in the Seed Industry.
The market cap and revenue scale of state-owned enterprises in the seed industry are far higher than those of local state-owned enterprises and non-central state-owned enterprises. In Q1-Q3 of 2024, four central seed enterprises experienced varying degrees of losses or declines in performance due to factors such as falling grain prices, intense industry competition, and off-season sales. However, looking at the forward indicators of contract liabilities at the end of Q3, the performance for the 2024/2025 sales season has good support.
Yuan Long Ping High-Tech Agriculture Co., Ltd. Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
Corn seed industry competition intensifies, yuan longping high-tech agriculture Q3 net loss expands by 40% year-on-year | Interpretations
① Yuan Longping High-Tech Agriculture achieved revenue of 0.299 billion yuan in Q3, a year-on-year decrease of 60.27%, with a net loss of 0.587 billion yuan, an increase of 40.49% compared to the same period last year; ② The intensifying competition in the corn seed industry is the main factor leading to the company's declining revenue; ③ As 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.
Longping Hi-Tech: Report for the third quarter of 2024
Longping Hi-Tech: 2023-2024 Business Year Operating Report
Yuan Longping High-Tech Agriculture (000998.SZ): a net loss of 0.475 billion yuan in the first three quarters.
On October 30, GeLongHui reported that Yuan Longping High-Tech Agriculture (000998.SZ) released the third quarter report for 2024. In the first three quarters of 2024, the company achieved revenue of 2.881 billion yuan, a 14.46% year-on-year decrease; the net income attributable to shareholders of the listed company was a loss of 0.475 billion yuan, a 17.82% year-on-year increase; the net income after deducting non-recurring gains and losses was a loss of 0.874 billion yuan, a 113.21% year-on-year decrease; and the basic earnings per share was -0.3610 yuan/share.
Broker Revenue Forecasts For Yuan Long Ping High-Tech Agriculture Co., Ltd. (SZSE:000998) Are Surging HigherNo Data
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