Dunhuang Seed Shares Hit Limit Down After Strong Run

Dunhuang Seed shares fell to the daily limit-down level on September 2, closing down 9.98% at 8.21 yuan per share, with a market value of 4.3 billion yuan, according to Jiemian News. The company said the move was influenced by multiple factors and described it as a normal pullback after the stock had already risen sharply since it issued its half-year earnings forecast. Dunhuang Seed said its main product is hybrid corn seed, with sales concentrated in the first and fourth quarters and sales regions covering Northeast China, Southwest China and Huainan, among other areas. The company added that specific details should be based on its official announcements.