Chaoda Modern Agriculture Holdings Ltd.
0.21
HKD
+0.00
(-0.93%)
Chaoda Modern Agriculture Holdings Ltd.
HKEX:682
(Hong Kong Exchange)
Recent
price
0.21
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Chaoda Modern Agriculture (Holdings) Limited engages primarily in the growing, breeding, distribution and sale of agricultural products in Hong Kong and the People's Republic of China (PRC). The company offers a wide range of fruits and vegetables including white cauliflower, cherry tomato, cabbage, mini cucumber, purple cabbage, netted melon, tangerine, broccoli, lettuce, gourd, sweet pepper, sweet corn, choi sum, Chinese cabbage and pumpkin; it also breeds and sells livestock, produces crops and provides agency services, distribution and trading of crops, wholesale and logistics of vegetables and fruits, as well as property holding activities. Incorporated in 2000 and headquartered in Wan Chai, Hong Kong, with operations spanning multiple provinces in the PRC, Chaoda Modern Agriculture controls much of its production chain from seeds to processing and marketing, delivering over 150 species through 29 production centers and maintaining its own retail chain of fruit and vegetable shops. In recent developments, the company implemented a share consolidation effective 17 December 2024, consolidating every 20 issued and unissued ordinary shares of HK$0.10 each into one consolidated share of HK$2.00, followed by a capital reduction on 6 February 2025 to offset accumulated losses by reducing par value to HK$0.01 per share and a sub-division of unissued shares; it also adjusted the board lot size to 10,000 consolidated shares as of 3 January 2025. Chaoda Modern Agriculture continues to advance its new business model aligned with PRC national policies on rural revitalization, emphasizing digitalization of agricultural production through its self-developed smart farm management system, participation in local government agricultural big data platforms, and integration of production with sales via internet technology, futures markets and big data to connect small-scale farmers with modern agriculture, addressing issues like information asymmetry and sales difficulties. For the six months ended 31 December 2024, the group reported revenue of RMB33.7 million from crop sales primarily to customers in Hong Kong, with over 90% of operations in the PRC, while focusing on green development, soil protection and ecological enhancement as a national-level leader in modern agriculture.