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reporter wu zepeng, editor liang xiao

on the evening of august 28, longping high-tech(000998.sz, share price 9.36 yuan, market value 12.327 billion yuan)released the 2024 semi-annual report. in the first half of this year, the company achieved operating income of approximately rmb 2.582 billion, a year-on-year decrease of 1.28%; the net profit attributable to shareholders of the listed company was approximately rmb 111 million, compared with a net loss of approximately rmb 161 million in the same period last year.

in the semi-annual report, longping high-tech stated that in the first half of 2024, the seed industry benefited from the support of national policies and technological innovation on the one hand, but also faced a market environment with generally downward grain prices, fluctuating supply and demand relationships, and increasingly fierce competition. the company adhered to a steady growth business strategy, optimized the corporate governance structure, drove development with innovation, and continued to strengthen the management level of various businesses.

the reporter of daily economic news noticed that among the seed companies that have released their semi-annual reports, nongfa seed industry(600313.sh, share price 5.3 yuan, market value 5.736 billion yuan)in the first half of the year, the revenue was 1.972 billion yuan, and the net profit attributable to the parent company was 55.2317 million yuan, down 28.68% and 24.10% year-on-year respectively; kangnong seeds (837403.bj, stock price 8.69 yuan, market value 617 million yuan) achieved operating income of 47.1389 million yuan and net profit attributable to the parent company of 7.7427 million yuan, down 0.2% and 27.23% year-on-year respectively. in comparison, longping high-tech's revenue declined slightly, but its net profit increased significantly year-on-year, outperforming its peers.

however, the reporter also noted that in fact, longping high-tech's investment income reached 347 million yuan, which is also the "big part" of its non-recurring profit and loss items. therefore, if compared with the net profit after deducting non-recurring items, longping high-tech's loss in the first half of the year increased year-on-year.