[18-day 9-board Wanxiang Denong: The current corn seed industry market as a whole shows an oversupply situation, and the contradiction between supply and demand in the industry is still prominent] On September 17, Wanxiang Denong (600371.SH) issued a change announcement. The company’s main business income is highly concentrated in corn hybrids, and the proportion of this product in its main business income continues to be at a high level. The company's performance is closely related to the policy environment and market conditions of the corn industry, and is also highly dependent on natural conditions. The current corn seed industry market overall shows an oversupply situation. The contradiction between supply and demand in the industry is still prominent. The market competition situation is severe, coupled with the adverse factors of frequent extreme weather. The company's product prices are at a low level, and the sales prices of some varieties without obvious market competitive advantages show no obvious signs of improvement in the short term. The company's performance is under pressure.