Lianchuang Seed: Acquisition Target Sees Profit Plunge

Beijing Lianchuang Seed Industry Co., Ltd. reported a net profit of -65,612,144.12 yuan for January to May 2025, a substantial decrease compared to the 432,487,861.76 yuan reported for the same period in the previous year. The total assets of Beijing Lianchuang Company also decreased to 2,581,028,999.47 yuan as of May 31, 2025, from 2,662,628,950.02 yuan at the end of the previous year.

The company's operating income for the first five months of 2025 was 22,423,473.97 yuan, sharply down from 1,623,159,934.62 yuan in the prior year. Additionally, operating costs were 12,470,814.64 yuan, a considerable reduction from 856,414,144.81 yuan in the previous year. Basic earnings per share were -0.62 yuan for the current period, a significant drop from 4.29 yuan previously.