The establishment of this enterprise represents Pioneer's firm belief in exploring the China market, and also represents the strategic vision of the joint venture company in promoting high-quality brand-name products in China. At the same time, it also symbolizes the confidence and commitment of enterprises to improve farmers' income level and quality of life by promoting scientific farming methods. China Chengheima Denghai Seed Industry The net profit of American Pioneer Seed Industry is expected to increase by 520%-550% in the first half of the year, mainly due to the substantial increase in operating income of Shandong Denghai Pioneer Seed Industry Co., Ltd., a holding subsidiary. Previously, Denghai Seed Industry said in a quarterly report that thanks to the high growth of Denghai Pioneer's performance, the company's net profit in June-June is expected to increase by 80%- 1 10% year-on-year.
Denghai Pioneer is a joint venture between American Pioneer Company and Denghai Seed Industry. In China, Pioneer also established another joint venture company with Dunhuang Seed Industry-Dunhuang Pioneer. Jiang Xiaodong, an agricultural product analyst at Everbright Securities, pointed out that the competitiveness of seed industry lies in improved varieties and promotion ability. Pioneer seed industry in Dunhuang will reproduce the growth rate of Denghai seed industry, and pioneer seed industry will become the main profit source of the two seed industry leaders.
Go to Shanghai and Dunhuang to sell.
Pioneer was founded in 2002. Insiders of Denghai Seed Industry said that the performance was greatly revised, mainly due to the release of production capacity since the establishment of Denghai Pioneer, and its performance showed a high growth trend, exceeding the original expectations. In 2006, Pioneer Company joined hands with Dunhuang Seed Industry to establish Dunhuang Pioneer Company. According to public information, American Pioneer Company is a wholly-owned subsidiary of DuPont Company, a fortune 500 company in the world, accounting for 20% of the global seed market share and 40% of the North American market share. It is the industry champion in the world corn hybrid market. The "secret weapon" brought by Pioneer Company from thousands of miles away is the introduction of technology to produce improved varieties of corn. It is understood that at present, common seeds in China need to be sown with "three seeds in one hole", and pioneer seeds can be sown with "one seed in one hole", and at the same time, three indicators of germination rate, germination potential and purity are met, and the germination rate of pioneer seeds is slightly better. It is understood that the relevant policies stipulate that the varieties of the joint venture company cannot be directly introduced from abroad. Pioneer's China model is breeding through Tieling Pioneer Seed Research Co., Ltd. in China, and then handing it over to Denghai Pioneer and Dunhuang Pioneer for seed production and sales. Dunhuang pioneer is responsible for the spring corn belt in Northeast China and Inner Mongolia, and Denghai pioneer is responsible for the summer corn belt in Huang-Huai-Hai area. Jiang Xiaodong, the main profit-making force in the future, said in an interview: "Offshore Pioneer has achieved rapid profit growth in the past few years. In contrast, the expansion speed and ability of the pioneers in Dunhuang in the later period will be faster. As Dunhuang Pioneer is gradually on the right track, the contribution of future equity profits will reach more than 80% of the net profit of Dunhuang Seed Industry. " According to public data, the price of pioneer seeds has been rising in the past few years. "Pioneer seeds are the gold standard of the corn industry. With the gradual decline of Zheng Dan 958, the prospect of pioneer seeds can be expected. In a market where improved varieties are in short supply, companies with high-quality corn seeds are bound to gain development space. " Chen Hui, an analyst at Bohai Securities, pointed out. "However, the competition in the seed industry is becoming more and more fierce. The market price of pioneer seeds is higher than that of domestic general seeds, and its high price may discourage some buyers. " Zhang, director of Dunhuang seed industry, said that price will not be an obstacle to the best-selling of pioneer seeds. Dunhuang Seed Industry regards Dunhuang Pioneer as a major focus of its main business, and Dunhuang Pioneer will further enhance the company's operating performance.