Fengle Seed Industry: By the end of 2024, the year-on-year increase in inventory is mainly due to an increase in corn seed inventory.

Fengle Seed Company responded to investors on the interactive platform, stating that the company's inventory at the end of 2024 increased by 274 million yuan compared to the previous year, mainly due to an increase in corn seed inventory. In 2024, the company significantly improved production management effectiveness, coupled with favorable weather conditions, the corn seed planting area and average yield both reached historical highs, exceeding the expected production by 12 million kilograms. In terms of inventory quality, the inventory turnover rate is high, with the main inventory consisting of new and popular varieties, indicating healthy inventory levels.