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Stock market warning on Huifeng Bio Agriculture lifted
Feb. 19, 2019
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ChinaAfter 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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