Shandong Denghai Seeds reports FY24 results, proposes dividend

Shandong Denghai Seeds (SZSE:002041) reported a full-year net profit of CNY 56.6 million for fiscal year 2024, a 77.9% drop compared to the previous year, as detailed in its annual report. The company attributes this decline to a challenging market with low seed sales and high inventory, partially offset by government subsidies totaling CNY 50.3 million.