Shandong Denghai Seeds reports revenue, sales decline in 2024-2025 business year

Shandong Denghai Seeds experienced a significant decline in its overall operating performance for the business year spanning October 1, 2024, to September 30, 2025. The company's total operating revenue fell by 20.01% to CNY 118,110.16, compared to CNY 147,649.56 in the previous year. Concurrently, total sales volume decreased by 14.30% to 8,986.95 thousand kilograms.

The primary driver of this downturn was the corn seed segment, which saw sales revenue drop by 22.65% to CNY 102,500.76 and represented 86.78% of total operating revenue. The rice seed segment also contributed to the decline, with sales revenue decreasing by 22.07% to CNY 2,526.62. In contrast, flower sales showed a positive trend, with revenue increasing by 8.68% to CNY 223.64 and sales volume soaring by 146.99% to 20.08 million plants.

As of the period end, the total book value of inventory goods was CNY 94,910.22, with a provision for impairment of CNY 13,169.26, resulting in a net book value of CNY 81,740.96. Corn seeds accounted for the largest portion of inventory book value at CNY 88,209.44.