Core Viewpoint - The company is actively engaging in various sectors including corn and rice industries, mergers and acquisitions, agricultural chemicals, and a capital increase project, showcasing growth potential and strategic development plans [1][4][5][6]. Group 1: Corn Industry - The corn industry is experiencing revenue growth with multiple varieties such as Tie 391K, Tie 391, Fengle 520, and WK1505 being key contributors [2]. - Tie 391K, one of the first approved transgenic corn varieties in China, received its certification in December 2023 and has a significant promotion area in Jilin, Liaoning, Inner Mongolia, and Hebei [2]. - Fengle 520 is promoted in the Huang-Huai-Hai region, while WK1505 has shown excellent performance in Northeast China, setting new records for the company's new variety promotion [2]. Group 2: Rice Industry - The rice industry is focusing on differentiated and specialized development, enhancing its marketing network and regional resource integration [3]. - Sales of the Le You series, represented by Le You 966, and the Xiang Liang You series, represented by Xiang Liang You 676, are continuously increasing, with positive market feedback for other varieties [3]. Group 3: Mergers and Acquisitions - Mergers and acquisitions are a primary development strategy for the company, targeting high-quality acquisition candidates in the fragmented seed industry [4]. - The company plans to pursue acquisitions in the corn seed market across Huang-Huai-Hai, Southwest, and Northwest regions, as well as in the rice seed market in the middle and lower reaches of the Yangtze River [4]. Group 4: Agricultural Chemicals - The agricultural chemicals business experienced a decline in both revenue and net profit in the first half of 2025 due to various factors, including reduced production of raw materials and increased fixed costs [5]. - The company aims to enhance profitability by optimizing product structure and exploring market potential [5]. Group 5: Capital Increase Project - The company has received approval from the State-owned Assets Supervision and Administration Commission for a specific stock issuance project, which is currently under review by the Shenzhen Stock Exchange [6]. - The company is responding to inquiries from the Shenzhen Stock Exchange and is updating its semi-annual report data [6].

Group 1: Corn Industry - The company’s main corn varieties include Tie 391K, Tie 391, Fengle 520, and WK1505, with revenue growth in the current fiscal year [1] - Tie 391K is one of the first 37 genetically modified corn varieties approved in China, receiving certification in December 2023, and has a wide sales area covering Jilin, Liaoning, Inner Mongolia, and Hebei [1] - Fengle 520 is primarily promoted in the Huang-Huai-Hai region, recognized for its high quality and resistance, opening new market opportunities [2] - WK1505 is rapidly gaining traction in Northeast China, setting new records for the company’s recent variety promotions [2] Group 2: Rice Industry - The rice sector focuses on differentiated and specialized development, enhancing the marketing network and resource integration [2] - The sales of the Le You series and the Xiang Liang You series, including varieties like Nanying 676 and Zhongke Fa Zao Jiang, have seen continuous growth and market recognition [2] Group 3: Mergers and Acquisitions - Mergers and acquisitions are a key strategy for the company, targeting quality firms in the corn and rice seed industries [2] - Planned acquisitions in the corn seed sector will focus on the Huang-Huai-Hai, Southwest, and Northwest markets, while rice acquisitions will target the middle and lower reaches of the Yangtze River and high-quality rice markets in South China [2] Group 4: Agricultural Chemical Business - The agricultural chemical business experienced a decline in revenue and net profit in the first half of 2025 due to multiple factors, including reduced production to enhance safety and environmental standards [3] - The decrease in prices for self-produced raw materials and formulations, along with increased fixed costs from safety investments, contributed to the decline [3] - The company plans to enhance product value, improve channel coverage, and mitigate operational risks in the second half of the year [3] Group 5: Capital Increase Project - The company’s application for a private placement of shares has been approved by the State-owned Assets Supervision and Administration Commission and is under review by the Shenzhen Stock Exchange [3] - The company is currently updating application documents and responses based on the half-year report data [3]