Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Seed China News 1308

Seed China News 1308 - new market research report published


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-04-15 16:07:01 - Seed China News 1308 - a new market research report on companiesandmarkets.com

Domestic listed seed companies overall had an underperformance during the first half of this year, judging from their semi-annual financial reports successively released in August. Among the eight companies listed on domestic stock market, only two namely Longping High-tech and Shandong Denghai reported performance growth, respectively with 34.75% and 121.85% of YoY growth in net profit. While four witnessed profit decline to varied degrees, namely Hefei Fengle, Grand Agriseeds, Wanxiang Doneed and DBN Group (DBN Group: China´s leading feed manufacturer with all its seed business undertaken by its subsidiary Beijing Jinse Nonghua Seed Technology Co., Ltd.). The remaining two even suffered net losses — -USD12.22 million of Gansu Dunhuang and -USD1.73 million of Winall Hi-tech with.

Compared with the mixed

 

 

blessing in 2012, domestic seed companies seem to face a more tough situation in 2013. Obviously, the oversupply in seed market especially of corn and rice has posed an increasing pressure on domestic seed companies, judging from listed seed companies´ general drop in sales and gross profit margin. As is reported, the excess inventory of corn seeds and hybrid rice seeds is respectively 920,000 tonnes and 260,000 tonnes, both higher the previous year. While the competition in hybrid corn seed market seems more fierce mainly owing to the serious homogeneity of corn hybrids. For instance, Hefei Fengle, Wanxiang Doneed and Gansu Dunhuang who are too dependent on the single old varieties, all suffered a performance decrease in their corn seed business.

Under the oversupply situation in the market, a solid R&D capacity has become particularly important for the long-term growth of seed companies, which can be reflected in Shandong Denghai´s development history. Besides, stripping inferior businesses and developing core seed businesses is also seems sensible for seed companies, just as Longping High-tech is doing. After all, non-seed businesses would disperse their focus or even dragged down their performance, which has been reflected significantly by Hefei Fengle and Gansu Dunhuang.

To be noticed, the USD/RMB exchange rate is 6.18 in this issue, except that in the article "Origin reports revenue decrease for three months by June 30, 2013". If there are any specific topics you would like us to cover, or you would like to dig out more details about the covered subjects, please contact us by +86-20-3761 6606, or econtact@cnchemicals.com.

Click for report details: www.companiesandmarkets.com/Market/Agriculture-Farming-Raw-Mater ..

Browse all Agriculture, Farming & Raw Materials Market Research Reports www.companiesandmarkets.com/Market/Agriculture-Farming-Raw-Mater ..

Browse all Agriculture, Farming & Raw Materials Company Profile Reports www.companiesandmarkets.com/Market/Agriculture-Farming-Raw-Mater ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com