Yimutian Adjusts ADS Ratio to 375 Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7 hours ago
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Should l Buy YMT?
Yimutian announced that it plans to change the ratio of its American Depositary Shares, or ADSs, to its Class A ordinary shares from the current ratio of one ADS representing 25 Class A ordinary shares to 375 Class A ordinary shares, effective on or around May 18. For the Company's ADS holders, the ADS Ratio Change will have the same effect as a 15-for-1 reverse split. Upon the Effective Date, ADS holders will be required to surrender and exchange every 15 existing ADSs then held for one new ADS. JPMorgan Chase Bank, N.A., as the depositary bank for the Company's ADS program, will arrange for the exchange. The Company's ADSs will continue to be traded on the Nasdaq under the ticker symbol "YMT." As a result of the ADS Ratio Change, the ADS trading price is expected to increase proportionately upon the effectiveness of the ADS Ratio Change, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than 15 times the ADS trading price before the change.
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Analyst Views on YMT
About YMT
Yimutian Inc is a holding company mainly engaged in operating agricultural Business to Business (B2B) platform. The Company is dedicated to digitalizing China’s agricultural product supply chain infrastructure to streamline the agricultural product transaction process. The Company provides a comprehensive set of digital solutions to facilitate agricultural product transactions, ranging from searching, matching, to transaction facilitation and settlement. The Company is also engaged in the farming and agricultural sourcing and trading business. The Company provides digital agricultural commerce services for efficient circulation of agricultural and food products via the Yimutian Application (App). The Company also provides agricultural sourcing and trading services that focus on reliable transaction services, smart farming business, and other digital agricultural solutions business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Yimutian Inc. Announces ADS Ratio Change to 375:1
- ADS Ratio Change: Yimutian Inc. announced a change in its American Depositary Shares (ADS) ratio from 1:25 to 375:1, effective May 18, 2026, which equates to a 15-for-1 reverse split aimed at enhancing the trading price of the ADS.
- Exchange Arrangement: JPMorgan Chase Bank will facilitate the exchange, requiring ADS holders to surrender every 15 existing ADSs for one new ADS, with no new shares issued or ordinary shares canceled, ensuring the company's underlying equity remains unaffected.
- Market Expectations: While the ADS ratio change is expected to proportionately increase the ADS trading price, the company cannot assure that the post-change price will equal or exceed 15 times the pre-change price, indicating a cautious market outlook regarding this adjustment.
- Company Background: Yimutian Inc. is a leading agricultural digital service company in China, focused on digitizing the agricultural product supply chain to enhance transaction efficiency and transparency, continuously driving modernization in the agricultural sector over the past decade.
See More
Yimutian Adjusts ADS to Ordinary Share Ratio
- Ratio Adjustment: Yimutian announced a change in its American depositary shares (ADS) to ordinary shares ratio from 1:25 to 1:375, equivalent to a 15-for-1 reverse split for ADS holders, effective around May 18, aimed at meeting Nasdaq's minimum bid price requirement.
- Nasdaq Compliance Issue: The company received a notice from Nasdaq on April 2, indicating it had fallen below the $1 minimum bid price requirement due to its shares trading under that level between February 18 and April 1, making the ratio adjustment a direct response to this compliance risk.
- Market Reaction: Following the announcement, Yimutian's shares fell 11% in premarket trading, reflecting market concerns about the company's future prospects, particularly under the pressure of Nasdaq compliance.
- No Capital Changes: Yimutian emphasized that the ratio change will not affect the underlying ordinary shares, and no shares will be issued or canceled, aiming to stabilize investor confidence and protect shareholder interests.
See More
Yimutian Receives Nasdaq Compliance Notice
- Compliance Notice: On April 2, 2026, Yimutian received a notice from Nasdaq indicating non-compliance with the $1.00 minimum bid price requirement due to its shares trading below this threshold from February 18 to April 1, 2026, although this notice does not have an immediate impact on its listing.
- Price Requirement: To regain compliance, Yimutian's American Depositary Shares (ADS) must close at or above $1.00 for at least ten consecutive business days; failure to do so may lead to delisting risks.
- Compliance Evaluation: Yimutian stated it is currently evaluating options to regain compliance, and if it does not achieve this by September 29, 2026, it may be eligible for an additional compliance period or face delisting.
- Market Response: Despite the compliance challenges, Yimutian's ADS will continue to trade on the Nasdaq Global Market, reflecting market confidence in its future outlook.
See More
Yimutian Inc. Reports Record Harvest Results in Digital Agriculture
- Record Yield: At the digital potato base in Zhanjiang, Guangdong, peak yields in the current harvest season exceeded 7,500 jin per mu (approximately 8.4 tons per acre), establishing an all-time production record across Guangdong and Guangxi provinces, with all harvested products meeting export-grade standards, showcasing the company's significant impact on agricultural productivity.
- Scalable Expansion: Since commencing operations in 2022, the Zhanjiang base has expanded 30-fold to 10,000 mu (approximately 1,650 acres), making it one of the largest single-operator potato production sites in southern China, further validating Yimutian's replicable and scalable business model.
- Smart Agriculture Systems: The company has deployed IoT sensors, AI-assisted decision systems, and automated precision irrigation, enabling precise management of large-scale farming operations, enhancing yield, quality, and supply chain efficiency, which translates directly into shareholder value.
- Industrialized Post-Harvest Operations: With 24-hour automated sorting lines and 10,000-ton cold-chain storage, the company provides a one-stop procurement solution, leveraging a
See More
Yimutian Launches First Agricultural Service Station
- Inaugural Station Launch: Yimutian opened its first Wolaicai Agricultural Service Station in Caoli Township, Fugou County, Henan Province, generating approximately RMB 235,000 in orders within the first hour and attracting over 100 advance orders, indicating strong market demand and successful positioning in the agricultural services sector.
- Network Expansion Plans: The company aims to expand the Wolaicai network to hundreds of locations across major agricultural producing regions in China over the next three years, addressing structural gaps in the agricultural supply chain by integrating input supply, technical advisory, and crop offtake services to enhance overall service efficiency.
- Closed-Loop Business Model: Through Wolaicai, growers can sell their harvest at a 10% to 20% premium over market prices, with cash settlements and no deferred payments, which not only boosts grower loyalty and repeat purchases but also channels incremental supply into Yimutian's existing procurement network, driving growth in the core business.
- Strategic Location Choice: The selection of Fugou County for the inaugural station reflects the company's strategy to anchor its network in high-output areas, with future expansions prioritizing Henan, Shandong, Hebei, and Jiangsu provinces, which collectively account for a significant share of China's fresh produce output, thereby solidifying Yimutian's market position.
See More
Yimutian Updates Financing Plan, Cancels Public Offering
- Financing Plan Update: Yimutian Inc. announced that its private placement of up to $30 million in senior convertible promissory notes remains active, with an initial closing of $3.37 million completed in December 2025, indicating the company's commitment to maintaining financial flexibility amid current market conditions.
- Public Offering Cancellation: The company has decided to withdraw its proposed public offering registration statement filed with the SEC on February 23, 2026, reflecting a strategic choice to prioritize existing financing arrangements over new public capital in light of market evaluations.
- Withdrawal of Registration Statement: Yimutian intends to request the withdrawal of the public offering registration statement, clarifying that no securities were sold under this statement, which underscores the company's cautious approach to capital planning and shareholder value preservation.
- Long-term Growth Strategy: The company will continue to explore financing alternatives and other capital planning initiatives to support its long-term growth, liquidity, and shareholder value, demonstrating its focus on future development in an uncertain market environment.
See More
Yimutian Inc. Announces ADS Ratio Change to 375:1
- ADS Ratio Change: Yimutian Inc. announced a change in its American Depositary Shares (ADS) ratio from 1:25 to 375:1, effective May 18, 2026, which equates to a 15-for-1 reverse split aimed at enhancing the trading price of the ADS.
- Exchange Arrangement: JPMorgan Chase Bank will facilitate the exchange, requiring ADS holders to surrender every 15 existing ADSs for one new ADS, with no new shares issued or ordinary shares canceled, ensuring the company's underlying equity remains unaffected.
- Market Expectations: While the ADS ratio change is expected to proportionately increase the ADS trading price, the company cannot assure that the post-change price will equal or exceed 15 times the pre-change price, indicating a cautious market outlook regarding this adjustment.
- Company Background: Yimutian Inc. is a leading agricultural digital service company in China, focused on digitizing the agricultural product supply chain to enhance transaction efficiency and transparency, continuously driving modernization in the agricultural sector over the past decade.
See More
Yimutian Adjusts ADS to Ordinary Share Ratio
- Ratio Adjustment: Yimutian announced a change in its American depositary shares (ADS) to ordinary shares ratio from 1:25 to 1:375, equivalent to a 15-for-1 reverse split for ADS holders, effective around May 18, aimed at meeting Nasdaq's minimum bid price requirement.
- Nasdaq Compliance Issue: The company received a notice from Nasdaq on April 2, indicating it had fallen below the $1 minimum bid price requirement due to its shares trading under that level between February 18 and April 1, making the ratio adjustment a direct response to this compliance risk.
- Market Reaction: Following the announcement, Yimutian's shares fell 11% in premarket trading, reflecting market concerns about the company's future prospects, particularly under the pressure of Nasdaq compliance.
- No Capital Changes: Yimutian emphasized that the ratio change will not affect the underlying ordinary shares, and no shares will be issued or canceled, aiming to stabilize investor confidence and protect shareholder interests.
See More
Yimutian Receives Nasdaq Compliance Notice
- Compliance Notice: On April 2, 2026, Yimutian received a notice from Nasdaq indicating non-compliance with the $1.00 minimum bid price requirement due to its shares trading below this threshold from February 18 to April 1, 2026, although this notice does not have an immediate impact on its listing.
- Price Requirement: To regain compliance, Yimutian's American Depositary Shares (ADS) must close at or above $1.00 for at least ten consecutive business days; failure to do so may lead to delisting risks.
- Compliance Evaluation: Yimutian stated it is currently evaluating options to regain compliance, and if it does not achieve this by September 29, 2026, it may be eligible for an additional compliance period or face delisting.
- Market Response: Despite the compliance challenges, Yimutian's ADS will continue to trade on the Nasdaq Global Market, reflecting market confidence in its future outlook.
See More
Yimutian Inc. Reports Record Harvest Results in Digital Agriculture
- Record Yield: At the digital potato base in Zhanjiang, Guangdong, peak yields in the current harvest season exceeded 7,500 jin per mu (approximately 8.4 tons per acre), establishing an all-time production record across Guangdong and Guangxi provinces, with all harvested products meeting export-grade standards, showcasing the company's significant impact on agricultural productivity.
- Scalable Expansion: Since commencing operations in 2022, the Zhanjiang base has expanded 30-fold to 10,000 mu (approximately 1,650 acres), making it one of the largest single-operator potato production sites in southern China, further validating Yimutian's replicable and scalable business model.
- Smart Agriculture Systems: The company has deployed IoT sensors, AI-assisted decision systems, and automated precision irrigation, enabling precise management of large-scale farming operations, enhancing yield, quality, and supply chain efficiency, which translates directly into shareholder value.
- Industrialized Post-Harvest Operations: With 24-hour automated sorting lines and 10,000-ton cold-chain storage, the company provides a one-stop procurement solution, leveraging a
See More
Yimutian Launches First Agricultural Service Station
- Inaugural Station Launch: Yimutian opened its first Wolaicai Agricultural Service Station in Caoli Township, Fugou County, Henan Province, generating approximately RMB 235,000 in orders within the first hour and attracting over 100 advance orders, indicating strong market demand and successful positioning in the agricultural services sector.
- Network Expansion Plans: The company aims to expand the Wolaicai network to hundreds of locations across major agricultural producing regions in China over the next three years, addressing structural gaps in the agricultural supply chain by integrating input supply, technical advisory, and crop offtake services to enhance overall service efficiency.
- Closed-Loop Business Model: Through Wolaicai, growers can sell their harvest at a 10% to 20% premium over market prices, with cash settlements and no deferred payments, which not only boosts grower loyalty and repeat purchases but also channels incremental supply into Yimutian's existing procurement network, driving growth in the core business.
- Strategic Location Choice: The selection of Fugou County for the inaugural station reflects the company's strategy to anchor its network in high-output areas, with future expansions prioritizing Henan, Shandong, Hebei, and Jiangsu provinces, which collectively account for a significant share of China's fresh produce output, thereby solidifying Yimutian's market position.
See More
Yimutian Updates Financing Plan, Cancels Public Offering
- Financing Plan Update: Yimutian Inc. announced that its private placement of up to $30 million in senior convertible promissory notes remains active, with an initial closing of $3.37 million completed in December 2025, indicating the company's commitment to maintaining financial flexibility amid current market conditions.
- Public Offering Cancellation: The company has decided to withdraw its proposed public offering registration statement filed with the SEC on February 23, 2026, reflecting a strategic choice to prioritize existing financing arrangements over new public capital in light of market evaluations.
- Withdrawal of Registration Statement: Yimutian intends to request the withdrawal of the public offering registration statement, clarifying that no securities were sold under this statement, which underscores the company's cautious approach to capital planning and shareholder value preservation.
- Long-term Growth Strategy: The company will continue to explore financing alternatives and other capital planning initiatives to support its long-term growth, liquidity, and shareholder value, demonstrating its focus on future development in an uncertain market environment.
See More
