Gansu Dunhuang Seed Group Co.,Ltd. (600354.SH) has issued a statement regarding unusual trading activity in its shares, noting that while sales of its proprietary premium corn varieties grew steadily in the first half of the year, the broader corn seed market currently faces a situation of oversupply.

The company highlighted that the industry's supply-demand imbalance remains pronounced, with competitive pressures intensifying across the sector. Despite the company's own sales momentum, the overall market conditions continue to pose significant challenges, as the surplus of supply over demand persists.

In its announcement, the company acknowledged the严峻 competitive landscape, underscoring that the contradiction between supply and demand in the corn seed market is still acute. This dynamic, it said, is shaping a tough operating environment for all industry players, including Gansu Dunhuang Seed Group Co.,Ltd. itself, as it navigates the current cycle.