Wanxiang Doneed Co. Ltd. predicted net profits attributable to shareholders in 2013 will hit about negative CNY 30 million, compared with net profits of CNY 83.0372 million a year earlier. In the reporting period, the demand was smaller than supply in the core seed market and the market competitiveness was fiercer, driving the sales and prices of the company's main products dropped significantly so that the revenue and gross margin dropped.