Wanxiang Denong (600371.SH) announced its first half year results, with net profit of 13.8016 million yuan to mother, a year-on-year decrease of 44.47%

According to Zhitong Finance App News, Wanxiang Denong (600371.SH) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 99.474,900 yuan, a year-on-year decrease of 15.14%. Net profit attributable to shareholders of listed companies was 13.8016 million yuan, a year-on-year decrease of 44.47%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 11.4731 million yuan, a year-on-year decrease of 52.19%. Basic earnings per share were $0.0472.

During the reporting period, the main reason for the decline in operating income was the continued oversupply in the corn seed market, increased competition, and the normalization of low price promotions in the market, which led to a decrease in the average sales price of the company's corn seeds, which led to a decline in operating income; the main reason for the decline in profit was a decline in profit and a decrease in investment income.