Hefei Fengle Seed Co.Ltd(000713) ( Hefei Fengle Seed Co.Ltd(000713) ) it was announced on March 18 that in order to support the rapid development of Zhangye fengle, a wholly-owned subsidiary, the company increased the capital of Zhangye fengle by 100 million yuan with its own funds. After the capital increase, the registered capital of Zhangye fengle will increase from 60 million yuan to 160 million yuan.
The announcement shows that the business scope of Zhangye fengle includes the production of corn hybrids (subject to the varieties approved by the crop seed production license); Processing, storage and sales of main crop seeds; Agricultural technology consultation, technology development, technical services and technology transfer; Wholesale and retail of agricultural and sideline products, pesticides (excluding highly toxic and highly toxic pesticides) and chemical fertilizers. In 2020 and 2021, the company achieved an operating income of 68.571 million yuan and 947556 million yuan respectively, and a net profit of 1.3428 million yuan and 5.5521 million yuan.
Hefei Fengle Seed Co.Ltd(000713) said that the company's corn industry is positioned as "a first-class enterprise in China's corn seed industry with leading industry position and brand influence". Zhangye fengle is located in Zhangye City, a prime location for corn seed production in Northwest China. As the company's original corn production and processing base, Zhangye fengle has developed into an independent market subject today, which is an important part of realizing the overall development goal of the company's corn industry. According to the overall plan of the company's corn seed industry, the company will build Zhangye fengle into a national integrated enterprise of breeding, breeding and promotion, and its capital increase can solve the problem of insufficient funds for the acquisition of Jinling seed industry; It can increase its capital strength, improve its production, seed production, processing and scientific research capacity, and expand its business scale; At the same time, the establishment of regional headquarters in Zhangye fengle can enjoy local preferential policies and solve the problem of difficult implementation of the company's seed production base, so as to accelerate the realization of Zhangye fengle's goal of becoming a national integrated corn seed enterprise of breeding, reproduction and promotion, and promote the rapid scale of the company's corn industry.
