26 August 2025 | 2:47PM HKT Longping High-Tech (000998.SZ) Earnings Review: 1H25A better than expectations, solid rice seeds and improving overseas; Maintain Buy | 000998.SZ | | --- | | 12m Price Target: Rmb12.00 | | Price: Rmb10.09 | | Upside: 18.9% | Longping reported 1H25A net loss of Rmb164mn, or negative EPS of Rmb0.124/sh, versus positive Rmb0.085/sh in 1H24A. Excluding one-off items, mainly on FX gain, inventory impairment loss, and government subsidy, the recurring net loss was Rmb284mn, versus Rmb6 ...

6 May 2025 | 3:57PM HKT China Agriculture Sector (quarterly) China Ag theme in play: tariff and soybean Tariff and soybean: The higher tariff China imposed on US goods import would add inflationary pressure on major grains. We estimate US Ag imports account for 21% of total China import of soybean, 15% in corn, 6-11% in major proteins such as poultry, pork and beef. However, the level of inflation is likely to be much milder than the incremental 135% tariff in our view, due to a strong harvest year in Brazi ...