Shandong Denghai Seeds (002041.SZ) issues a pre-reduction, with a net profit of 56.32 million to 84.48 million yuan in the 2024 fiscal year, a decrease of 66.97% to 77.98%.

Shandong Denghai Seeds (002041.SZ) has released its performance forecast for 2024, with an expected annual net profit attributable to the parent company of 56.32 million to 84.48 million yuan, a year-on-year decrease of 66.97% - 77.98%. The main reason for the decline in performance: During the reporting period, due to changes in the corn seed market and the inventory situation, it is estimated that a provision for inventory decline of 90 million to 120 million yuan will be made. After deducting non-recurring gains and losses, the net profit will be in a loss position.