- Business
- Wanxiang Doneed Co., Ltd. (600371.SS) engages principally in the research, development, production and sales of corn hybrid seeds in China; the company also produces and sells fertilizers, corn parent seeds and related agricultural products including Chicago SRW Wheat and chemical fertilizers under brands such as Jingke 968 and Dedan Series. Its core offerings target the domestic agricultural sector, serving farmers and agribusinesses through seed varieties optimized for high yield and resilience, alongside complementary fertilizer solutions to support crop production. Founded in 1995 and headquartered in Harbin, Heilongjiang Province at Room 1003, 227 Hongqi Street, Xiangfang District, the company listed on the Shanghai Stock Exchange in 2002 as one of the province's first agricultural high-tech enterprises. Wanxiang Doneed conducts its operations primarily within China, with a focus on Heilongjiang and other key corn-producing regions, and maintains involvement in agricultural technology promotion, machinery sales and import-export activities. In recent developments, the controlling shareholder announced plans in May 2025 to increase its holdings by 25 million to 50 million yuan, signaling confidence in the company's growth amid a 2024 annual net profit of 52.63 million yuan despite a year-on-year decline; the firm also reported first-half 2025 net profit of 24.85 million yuan and released third-quarter 2025 performance updates.