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Fengle Seed Industry lost about 28 million yuan in the third quarter

 Last Update: 2021-10-21
 Source: Internet
 Author: User

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On the evening of October 12, the seed company Fengle Seed Industry released its first three quarters performance forecast showing that it lost approximately 28 million yuan in the third quarter and approximately 7 million yuan in the first three quarters

Regarding performance changes, Fengle Seed Industry said that the net profit of the seed business decreased year-on-year, mainly due to the decline in seed production due to climate reasons, the increase in seed production costs, the decline in gross profit margin, and the decrease in profit year-on-year; at the same time, the net profit of agrochemical business decreased year-on-year.

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