Agricultural products wholly-owned subsidiary signs land acquisition compensation agreement

Rayda Finance Text | Feng Xiuyu Editor | Li Yihui

On February 24, Shenzhen Agricultural Products Group Co., Ltd. (Stock Code: 000061, Stock Abbreviation: Agricultural Products) announced that its wholly-owned subsidiary, Shenzhen Fruit and Vegetable Trading Co., Ltd., signed a “Land Compensation Agreement” with the Pingshan Management Bureau of Shenzhen Planning and Natural Resources Bureau and the Shenzhen Pingshan District Urban Renewal and Land Reserve Bureau. According to the agreement, Pingshan Planning and Natural Resources Bureau will compensate for the land use rights of the G14301-0001 parcel under the Fruit and Vegetable Company.

This matter was approved at the 37th meeting of the company’s ninth board of directors and was announced on February 7, 2026. Currently, the agreement has been signed by all three parties.

Tianyancha data shows that Agricultural Products was established on January 14, 1989, with a registered capital of approximately 1.98496 billion RMB. The legal representative is Zhang Lei. The registered address is No. 1688 Haijingxing Agricultural Products Guangming Logistics Park, Building 2, 8th Floor, Genzhuyuan Community, Matian Street, Guangming District, Shenzhen. Its main business involves the development, construction, operation, and management of agricultural product wholesale markets.

Currently, the company’s chairman is Zhang Lei, the secretary of the board is Jiang Jiang, with 4,838 employees. The actual controlling shareholder is the State-owned Assets Supervision and Administration Commission of Shenzhen Municipal People’s Government.

The company has stakes in 99 subsidiaries, including Nanchang Haijingxing Property Management Co., Ltd., Shenzhen Guangming Haijingxing Supply Chain Operation Co., Ltd., Sichuan Haijingxing Smart Supply Chain Technology Co., Ltd., Guangxi Haijingxing International Logistics Co., Ltd., Shenzhen Haijingxing Investment Management Co., Ltd., and others.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was approximately 4.354 billion RMB, 5.49 billion RMB, and 5.628 billion RMB, respectively, with year-over-year growth of 6.39%, 26.11%, and 2.51%. Net profit attributable to shareholders was approximately 200 million RMB, 449 million RMB, and 384 million RMB, with year-over-year growth of -46.64%, 121.91%, and -14.43%. During the same period, the company’s asset-liability ratio was 64.18%, 62.81%, and 62.79%.

Regarding risks, Tianyancha data shows the company has 1,423 internal Tianyan risks, 1,049 surrounding risks, 174 historical risks, and 1,560 early warning risks.