SDIC FENGLE(SZ:000713)2025-09-11 11:28Group 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]