Jiangsu State Farms Development Co. reported that its 2025 revenue was 10.1 billion yuan, down 7.75% year on year, while its net profit was 548m yuan, down 25.0% year on year.
The company is a relatively confusing state-owned agriculture company that has upstream assets in seed development, farms 64k hectares, does harvesting for other farms in the area, and has downstream assets including rice, cooking oil, and malt brands. And is listed on the Shanghai Stock Exchange.
What I found interesting ...