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Hebei Lansheng Biotech Co., Ltd. ShangHai Yuelian Biotech Co., Ltd.

Stock market warning on Huifeng Bio Agriculture liftedqrcode

Feb. 19, 2019

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Feb. 19, 2019
Jiangsu Huifeng Bio Agriculture recently issued a public announcement about the removal of the risk warning sign on the company. The date of removal of the warning was 11th February 2019, indicating that the company resumed trading on that day.
After removal of the warning, the short name of the company stock was changed from “ST Huifeng” to “Jiangsu Huifeng Bio Agriculture”, while its share price limit was raised from 5% to 10%. Its stock code remainins 002496.
 
According to the announcement, as of the date of the announcement the company has reported income of Yuan2.1886 billion from its resumed productions and normal business operations of its subsidiaries in 2017, accounting for 55.39% of the consolidated revenue of the company in 2017. Subsequently, the net profit accounted for 73.46% of the year's profit, after deducting non-recurring items. 
 
The company deems its production and operation activities as having recovered. Hence, the impact on its business operations, and the prediction that the business operations would not recover in three months were eliminated, and there remains no other situations which would call for the continuation of the risk warning.
 
Source: AgroNews

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