Shenzhen Agricultural Products Co Ltd

Shenzhen Agricultural Products Group announced on September 2, 2026 that it won 100% equity of Yuntong Cold Chain through public bidding, and signed a property rights transaction contract with the transferors, Agricultural Products Circulation Industry Fund and Yuntong Capital, on September 1. The total transaction price is 155.2462 million yuan, of which the 99.9714% stake held by Agricultural Products Circulation Industry Fund is priced at 155.2018 million yuan, and the 0.0286% stake held by Yuntong Capital is priced at 44,400 yuan. The company will pay in cash in one lump sum. The 45 million yuan deposit already paid will be converted into part of the transaction price, and the remaining 110.2462 million yuan must be paid within five working days after the contract takes effect. The acquisition aims to promote the upgrading of the Shenzhen Haijixing agricultural products logistics park and consolidate core competitive advantages. The transaction still needs to complete procedures such as property rights delivery and industrial and commercial registration changes.

Agricultural Products released its 2026 interim report, with net profit attributable to the parent company of 254 million yuan, an increase of 63.04 million yuan compared with the same period last year, up 33.09% year on year. The company's total operating revenue was 2.699 billion yuan, and net cash inflow from operating activities was 667 million yuan, achieving three consecutive years of growth. The latest asset-liability ratio was 52.64%, down 6.53 percentage points from the same period last year; the gross margin was 26.55%, achieving four consecutive quarters of growth. Diluted earnings per share were 0.13 yuan, up 13.71% year on year.

Agricultural Products announced that the company plans to acquire 100% equity of Yuntong Cold Chain through a public delisting process, in order to drive the business upgrade of Shenzhen Haijixing. The bidding price will be based on the filed appraisal value, and disclosure is exempted to protect trade secrets. The counterparties, Yuntong Capital and the Agricultural Products Circulation Industry Fund, are related parties of the company, making this a related-party transaction.