matter:
On [s1u2m ma2r7y], the Department of science, technology and education of the Ministry of agriculture and rural areas publicized the catalogue of 10 plant varieties to be approved for issuing agricultural genetically modified organisms safety certificates. We believe that this means that the listing of genetically modified plant varieties in China is being promoted in an orderly manner, and the seed industry may usher in a new stage of development.
Guoxin agricultural viewpoint: 1) the Ministry of agriculture publicized the naming of 10 transgenic plant varieties such as Luza 206. We believe that this means that the listing of transgenic plant varieties in China is being promoted in an orderly manner, and the seed industry may usher in a new stage of development. 2) The seed industry may usher in a market that resonates with the logic of cycle and growth. In terms of the cycle, the grain price boom is upward, and the seed industry, as the post cycle, will be in the performance release channel in the next two years; The improvement of supply and demand structure of maize seeds in China is also expected to usher in the reversal of inventory cycle. In addition, the accelerated landing of GM will bring variety transformation to the industry, and the leading enterprises will usher in a high-speed growth stage of price rise and market share improvement. Therefore, we say that the industry will usher in a cycle and growth resonance. 3) Risk tip: uncertainty risk caused by bad weather, potential risk caused by uncontrollable animal epidemic, and the promotion of GM landing is less than expected. 4) Investment suggestion: top-down plate key recommendation. Driven by the growth policy bonus brought by the landing of GM, the cycle reversal brought by the rise of grain prices and the significant improvement of the living environment of seed enterprises on the supply side, it is expected that the seed industry will usher in a new round of leap forward period. It is recommended that Yuan Longping High-Tech Agriculture Co.Ltd(000998) , Shandong Denghai Seeds Co.Ltd(002041) , Beijing Dabeinong Technology Group Co.Ltd(002385) .
Comments:
The naming of transgenic plant varieties was publicized and implemented, and corn varieties such as nd207, Zheda Ruifeng 8 and dbn3601t were approved.
The Department of science, technology and education of the Ministry of agriculture and rural areas will publicize the catalogue of 10 plant varieties to be approved for issuing agricultural genetically modified organisms safety certificates, including 7 genetically modified cotton varieties such as Luza 206, and 3 genetically modified corn varieties such as nd207, Zheda Ruifeng 8 and dbn3601t. Previously, the variety approval rules related to genetically modified varieties had been implemented on November 12, 2021, marking an important step for genetically modified varieties from laboratory breeding stage to commercialization stage. We believe that in the formal publicity of the naming of genetically modified maize varieties, the genetically modified maize varieties declared by China forest seed group, China Agricultural University, Hangzhou Ruifeng Biotechnology Co., Ltd. and Beijing Beijing Dabeinong Technology Group Co.Ltd(002385) Biotechnology Co., Ltd. will be approved by the safety certificate of agricultural genetically modified organisms issued by the state, It means that the listing of genetically modified plant varieties in China is being promoted in an orderly manner. It is expected that under normal circumstances, genetically modified varieties are expected to be on the market around 2023.
（ Guosen Securities Co.Ltd(002736) ）
