The balance sheet of Seed looks extremily weak. Way over leveraged. Current assets are 925 million RMB and current liabilities are 1055 million RMB. So the company has more short term debt then cash + cash equivalents.
I prefer to invest with regard to the numbers and not with regard to fairy tails. No doubt there are companies that play the chinese market better than seed. Perhaps Montosanto jumps in.
the market was flooded with small rogue seed companies. Then when the gov't decided to kick in regulations all the small companies dumped seed onto the market crushing the market by inflating the inventory. Also SEED was just coming out of the gate and in the process of developing product expanding capacity, restructuring the management team and implementing new off site sales model. Most of these rough times are in the rear view mirror in my opinion. Just a few of my thoughts.