Hainan Shennong projects growth in seed and aquaculture sectors

Hainan Shennong Technology announced its supervisory board approved the 2025 half-year report on August 26, 2025, confirming its accuracy and compliance. The company also projected an increase in daily related-party transactions for 2025, with an estimated additional sale of products to Hainan Jinyu Ocean Industry Development Co., Ltd. not exceeding CNY 2.6 million. This is in addition to previously announced transactions totaling CNY 33.3058 million, primarily for purchasing aquatic products and accepting after-sales services.

This strategic expansion of related-party transactions, now reaching a total of CNY 35.9058 million, underscores the company's commitment to leveraging its subsidiary, Hainan Jinyu, to enhance operational efficiency and market reach. The board emphasized these transactions are based on market pricing, adhere to fair and transparent principles, and do not compromise the interests of the company or its shareholders. The move is expected to support Hainan Shennong's business development and operational efficiency without affecting financial independence.