Shandong Denghai Seeds Co., Ltd. Class A

Shandong Denghai Seeds Co., Ltd. Class A

SSZSE:002041
8.85
CNY
+0.09
(+1.03%)
0.12EPS
70.91P/E
6.93BMarket Cap
Oct 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.71
1.68
1.74
1.82
0.91
0.87
0.94
1.02
1.25
1.51
1.76
1.41
1.25
1.44
Basic EPS, GAAP
0.38
0.43
0.42
0.5
0.19
0.04
0.05
0.12
0.26
0.29
0.29
0.06
0.1
0.11
Free Cash Flow per Basic Share
0.61
0.73
0.55
- -
-0.36
-0.12
0.18
0.38
0.34
-0.05
0.07
-0.01
0.11
- -
Dividend per Share
0.04
0.04
0.14
- -
0.06
0.05
- -
0.06
0.04
0.04
- -
0.04
0.03
0.03
Book Value per Share
1.88
2.27
2.55
3.05
3.19
3.18
3.23
3.28
3.51
3.77
4.06
4.08
4.16
4.22
Tangible Book Value per Share
1.83
2.21
2.47
2.96
3.09
3.07
3.12
3.18
3.41
3.67
3.95
3.98
4.03
4.08
Basic Weighted Avg Shares
880
880
880
880
880
879
879
880
880
880
880
881
880
880
Sales/Revenue/Turnover
1,505
1,480
1,531
1,603
804
761
823
901
1,101
1,326
1,552
1,246
1,102
1,264
Operating Margin (%)
36.98
33.64
31.69
31.16
7.9
-1.83
-0.63
4.34
14.84
17.12
14.5
9.94
9.47
10.07
Depreciation Expense
60
64
68
70
71
75
75
72
68
69
65
68
74
- -
Net Income, GAAP
338
380
368
442
167
33
42
102
233
253
256
57
92
98
Effective Tax Rate (%)
1.84
2.64
11.11
10.11
- -
- -
- -
29.18
0.37
1.35
0.61
- -
20.74
17.1
Profit Margin (%)
22.43
25.7
24.07
27.59
20.74
4.27
5.05
11.32
21.15
19.1
16.48
4.55
8.32
7.73
Working Capital
2,025
2,349
2,515
2,967
2,947
2,457
2,352
2,410
2,628
2,964
3,180
3,159
3,227
3,300
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
7
6
6
7
7
Total Equity
2,593
2,903
3,185
3,661
3,759
3,269
3,143
3,135
3,351
3,587
3,885
3,947
4,030
4,072
Return on Invested Capital (%)
24.49
19.37
15.65
14.81
- -
- -
- -
1.66
7.81
8.49
7.92
- -
2.58
2.7
Return on Capital (%)
4.71
8.19
8.06
10.57
- -
- -
- -
4.94
7
6.27
5.68
- -
1.87
2.21
Return on Common Equity (%)
22.45
20.81
17.35
17.93
6.07
1.16
1.48
3.56
7.79
7.91
7.43
1.58
2.53
2.67

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
32
22
19
LT Borrowings
7
7
7
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
880
880
880
Market Capitalization
8,395
9,187
6,926

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,026
3,906
3,918
Cash, Cash Equivalents & STI
3,240
3,199
3,169
Accounts Receivable, Net
47
64
94
Inventories
688
579
502
Total Current Liabilities
799
634
618
Payables & Accruals
- -
- -
- -
ST Debt
32
22
19
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.64%
5.19%
2.11%
Free Cash Flow
-1,787.94%
-420.15%
-1,618.56%
Net Income, GAAP
17.24%
24.42%
61.86%
Sales/Revenue/Turnover
-0.45%
5.68%
-11.55%
Total Cash Common Dividend
- -
1,237.38%
-17.65%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
232
175
171
667
1,246
2025
163
207
- -
588
1,102
2026
265
204
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.01
- -
0.06
2025
0.03
0.01
- -
0.04
0.1
2026
0.04
0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.04
- -
- -
0.04
2025
- -
0.03
- -
- -
0.03
2026
- -
- -
- -
- -
- -

Company Description

CEO
Li Cheng
Full Time Employees
803
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
South of the Agricultural Science Academy Laizhou SD China 261448
IPO Date
May 18, 2005
Website
sddhzy.com
Business
ShanDongDenghai Seeds Co.,Ltd (002041.SZ) is a China-based agricultural high-tech enterprise principally engaged in the research, breeding, production, processing, packaging, and sales of crop seeds. The company primarily offers hybrid corn seeds under the Denghai brand, including popular varieties such as Denghai No.605, Denghai No.618, Xianyu No.335, Liangyu No.99, Denghai 1959D, and Liangyu 188; it also provides seeds for wheat, rice, vegetables, flowers, and other crops. Founded in 2000 and headquartered in Laizhou, Shandong Province, the company operates as a subsidiary of Laizhou Academy of Agricultural Sciences and primarily serves domestic markets in China, with a nationwide distribution network supported by subsidiaries and investments across regions. In recent developments, ShanDongDenghai Seeds announced in November 2025 plans to invest CNY 30 million to establish a wholly-owned subsidiary, Hainan Oriental Denghai Seeds Co., Ltd., in Hainan Province's Eastern City, leveraging the Hainan Free Trade Port's advantages for seed production, international market expansion, and response to national seed industry revitalization strategies. This follows earlier expansions, including the 2024 establishment of a CNY 70 million subsidiary in Chabuchar Xibe Autonomous County, Xinjiang, and a CNY 100 million investment in Yili, Xinjiang in 2023, enhancing its north-south breeding and production bases. The company has also advanced in genetically modified corn, securing six nationally approved or preliminarily reviewed GM varieties as of mid-2025, with Denghai 605D leading demonstrations and sales growth, alongside ongoing R&D investments yielding new hybrid varieties.