Express News | The concept of grain plate is active at the beginning, nanfang black sesame group has five consecutive limit up.

BreakingsNov 7 09:26

Yuan Longping High-Tech Agriculture (Stock Code: 000998) third quarter report for 2024: Decline in overseas business, increase in exchange losses, short-term profit pressure.

Overseas business declined, exchange losses increased, short-term pressure on profitability. The company achieved revenue of 2.881 billion yuan in the first three quarters of 2024, a year-on-year decrease of -14.46%, mainly due to increased competition in the domestic and overseas corn industry markets and grain prices.

Guosen SecuritiesNov 4 07:32

Yuan Long Ping High-Tech Agriculture Co., Ltd. Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

Simply Wall StNov 3 08:21

Yuan Longping High-Tech Agriculture (000998): Domestic corn and rice are growing against the trend, while overseas business is dragging down performance.

The company announced its 3Q24 performance, which was lower than our expectations. Considering the impact of Longping Brazil consolidation, the revenue decreased by 60.3% year-on-year to 0.3 billion yuan, achieving a non-net income of -0.62 billion yuan, an increased loss of 0.27 billion yuan.

China International Capital CorporationNov 1 00:00

Corn seed industry competition intensifies, yuan longping high-tech agriculture Q3 net loss expands by 40% year-on-year | Interpretations

①Yuan Longping High-Tech Agriculture achieved revenue of 0.299 billion yuan in Q3, a decrease of 60.27% year-on-year, with a net loss of 0.587 billion yuan, an increase of 40.49% year-on-year; ②Intensified competition in the corn seed industry is the main factor contributing to the company's revenue decline; ③As 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.

cls.cnOct 31 00:45

Yuan Longping High-Tech Agriculture (000998): The growth rate of advance receipts is better than the industry, waiting for the release of Q4 peak season profits.

The operation of rice continues to improve, while the corn seed business is temporarily under pressure. The new season may benefit from the warming corn market at home and abroad. The company's streamlining and fitness efforts continue, with continuous optimization of seed inventory in the 2023/24 business year, awaiting the profit release in the peak season of Q4.

china merchantsOct 31 00:00