Wanxiang Doneed disclosed its 2026 semi-annual report, with first-half net profit attributable to the parent at 13.8016 million yuan, a year-on-year decrease of 44.47%. The company achieved revenue of 99.4749 million yuan, down 15.14% year-on-year, and deducted non-recurring net profit of 11.4731 million yuan, down 52.19% year-on-year. The decline in revenue was mainly due to an oversupply in the corn seed market and intensified competition, leading to a drop in average selling prices. The profit decline was also affected by a reduction in investment income. Net cash flow from operating activities was negative 16.31 million yuan, an improvement of 46% year-on-year, mainly due to lower seed production costs. The company's net profit attributable to the parent has now declined for three consecutive years, falling 9.28%, 19.39%, and 89.47% year-on-year from 2023 to 2025 respectively.
Wanxiang Doneed Co LtdFirst-half net profit fell 44.47% year-on-year due to oversupply and competition.
Corn seed market oversupply and intensified competition led to lower prices.
