Autumn Joy Seed Industry: Decreased income from corn leads to pressure on performance, has temporarily suspended the construction of the biotechnology research and development project building.

On the evening of July 28, QiuLe Seed Industry disclosed a reply announcement to the Beijing Stock Exchange's 2024 annual report inquiry letter. It mentioned that the company's corn revenue experienced a significant decrease in 2024, which then led to a noticeable decrease in operating income, net profit attributable to the shareholders of the listed company, non-GAAP net profit, and gross profit margin, which is reasonable. In response to the related fundraising projects, QiuLe Seed Industry stated that the construction of the "Biological Breeding Research and Development Capacity Enhancement Project" research building's civil engineering has been temporarily postponed.