2023 年第一季度报告 证券代码：600251 证券简称：冠农股份 新疆冠农股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | | 本报告期比上年同期增减变 | | --- | --- | --- | --- | | | | | 动幅度(%) | | 营业收入 | | 1,525,467,763.77 | 181.63 | | 归属于上市公司股东的净利润 | | 292,884,498.79 | 33.03 | | 归属于上市公司股东的扣除非经常性损益 的净利润 | | 286,565,607.97 | 53.31 | | 经营活动产生的现金流量净额 | | 569,648,683.57 | -4.18 | | 基本每股收益（元/股） | | 0.3757 | 33.37 | | 稀释每股收益（元/股） | | 0.3757 | 33. ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,619.26 million, a decrease of 49.28% compared to the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was CNY 262.66 million, an increase of 38.52% year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 272.75 million, up 67.63% from the previous year[19]. - The net cash flow from operating activities was CNY 1,617.73 million, a decrease of 30.93% compared to the same period last year[19]. - The total assets at the end of the reporting period were CNY 6,185.86 million, down 13.17% from the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were CNY 2,961.43 million, an increase of 7.53% compared to the end of the previous year[19]. - Basic earnings per share for the first half of 2022 were CNY 0.3363, an increase of 39.08% year-on-year[20]. - The weighted average return on net assets increased by 1.66 percentage points to 9.12% compared to the same period last year[20]. - The decrease in operating revenue was primarily due to a reduction in sales revenue from cotton products[21]. - The increase in net profit was mainly attributed to higher investment income from the company's associate, Guotou Luojia[21]. Investment and Projects - The company is constructing a project with an annual processing capacity of 300,000 tons of cottonseed, primarily sourced from the southern Xinjiang region[31]. - The company is actively developing new projects, including a sugar syrup processing project with an annual capacity of 20,000 tons and a deep processing project for cottonseed with an annual capacity of 300,000 tons[45]. - The company invested 601.65 million yuan in the high-efficiency continuous chromatography separation technology for sugar by-products, with a total investment of 6,478.36 million yuan planned for the project[59]. - The annual production project for 25,000 tons of tomato products received an investment of 470.13 million yuan, with a total investment of up to 1,885.03 million yuan[59]. - The feed additive and microbial fermentation feed project has an investment of 1,606.41 million yuan, with a total investment budget of 1,016.32 million yuan[59]. Operational Capacity - The company’s tomato processing capacity reaches 12,400 tons per day, with products including various types of tomato sauce and juice[33]. - The cotton processing capacity is 150,000 tons, with a storage capacity of 1.1 million tons, accounting for over 50% of the cotton production in the Bazhou region[31]. - The company has a daily processing capacity of 5,000 tons of beets and an annual production capacity of 50,000 tons of white sugar[34]. Risk Management and Compliance - The company is committed to risk management, having updated its risk control measures and completed its internal audit plan for the first half of the year[48]. - The company emphasizes the integration of party leadership into its management processes, enhancing operational efficiency and safety[47]. - The company faced risks from external environmental changes, including economic downturns and geopolitical uncertainties, which could impact its three main industries[65]. - The cotton market is currently low, and adverse changes in international policies or market supply and demand could lead to price fluctuations for tomato products[66]. Environmental and Social Responsibility - The company has established wastewater treatment facilities with a total processing capacity of 30,000 m³/d, ensuring compliance with national discharge standards[81]. - The company has implemented real-time monitoring of emissions from its boilers, ensuring compliance with environmental regulations[81]. - The company signed service contracts for tomato raw materials covering 2,643 acres with farmers in the 223 regiment, providing full-process tracking services from planting to processing[88]. - The company has actively participated in rural revitalization efforts, enhancing local agricultural productivity and community engagement[89]. Corporate Governance and Management Changes - Significant changes in the board of directors and management occurred, with all members of the sixth board resigning and a new seventh board elected[73]. - The company appointed new executives, including a general manager and several vice general managers, indicating a restructuring of leadership[74]. - The financial director resigned due to personal reasons, which may impact financial oversight[74]. Shareholder and Equity Information - The company reported no profit distribution or capital reserve transfer plan for the first half of 2022, with no dividends or stock bonuses proposed[75]. - The company has a stock incentive plan in place, having granted 6.48 million restricted stocks at a price of 2.72 CNY per share to 106 incentive targets[76]. - The company has reduced its restricted shares by 573,800 shares, resulting in a total of 780,997,683 shares outstanding[110]. - The largest shareholder, Xinjiang Guannong Group Co., Ltd., holds 320,932,708 shares, accounting for 41.09% of total shares[116]. Financial Reporting and Compliance - The company has engaged in a comprehensive review of its financial reporting processes in response to regulatory feedback, ensuring compliance and transparency[122]. - The company reported a significant increase in trading financial assets, which rose to CNY 350,000,000.00 from CNY 125,422,558.46, marking an increase of approximately 178.5%[123]. - The company has not reported any changes in its controlling shareholders or actual controllers during the reporting period, indicating stability in ownership[120]. Future Outlook and Strategy - The company plans to focus on market expansion and new product development in the upcoming quarters[127]. - The company is focusing on optimizing its main business and expanding its industrial scale while preparing for potential external changes[65]. - The company plans to enhance its human resource management to mitigate the risk of talent shortages as it grows[67].

Financial Performance - The company's operating revenue for 2021 was CNY 3,903,478,371.59, representing a 39.62% increase compared to CNY 2,795,777,356.05 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 301,125,948.09, a 21.81% increase from CNY 247,207,843.93 in 2020[24]. - The net cash flow from operating activities improved significantly to CNY 123,607,705.04 in 2021, compared to a negative cash flow of CNY -1,596,990,511.64 in 2020, marking a 107.74% increase[24]. - The total assets of the company as of the end of 2021 were CNY 7,124,111,657.77, an 11.57% increase from CNY 6,385,313,387.83 at the end of 2020[24]. - The net assets attributable to shareholders increased to CNY 2,754,153,503.40 at the end of 2021, reflecting a 14.02% growth from CNY 2,415,396,018.43 in 2020[24]. - The basic earnings per share for 2021 were CNY 0.3845, a 22.06% increase from CNY 0.3150 in 2020[25]. - The weighted average return on net assets for 2021 was 11.67%, an increase of 0.91 percentage points from 10.76% in 2020[25]. - The net profit after deducting non-recurring gains and losses was CNY 263,028,817.70 for 2021, which is a 37.12% increase from CNY 191,817,920.88 in 2020[24]. Market and Operational Strategy - The company plans to continue expanding its market presence and improving its agricultural circular economy model[36]. - The company achieved significant sales growth by focusing on cost reduction, quality improvement, and efficiency enhancement across its three main industries, with a historical high in cotton warehouse intake reaching 10,000 tons[37]. - The company focused on enhancing its value chain and improving technological innovation to adapt to complex international conditions[35]. - The company is committed to integrating digital agriculture into its operations, promoting a comprehensive service system for farmers[45]. - The company plans to issue convertible bonds not exceeding 1.1 billion yuan to fund deep processing projects[40]. Investments and Projects - An investment of 1.8 billion yuan was made to establish a tomato product project with an annual output of 25,000 tons, producing 2,830 tons of products such as diced tomatoes and tomato juice[38]. - The company invested 900 million yuan in a project for efficient recycling of sugar by-products, enhancing product value and market resilience[38]. - A total of 39.67 million yuan was allocated for R&D and technological transformation, resulting in 28 patent applications[39]. - The company successfully acquired Tian Da Sauce Factory, increasing its tomato sauce production capacity to 100,000 tons[40]. - The company has invested in Guotou Luokai and Guodian Kaidu River, holding 20.3% and 25.28% of the shares respectively, contributing significantly to its profit sources[54]. Risk Management - The company acknowledges risks from external environmental changes, including economic downturns and geopolitical uncertainties, and is preparing to adapt accordingly[114]. - The company faces market risks due to rising international commodity prices, which could lead to significant fluctuations in product prices and impact gross margins[115]. - The company is addressing raw material price volatility risks by improving supply capabilities and optimizing production processes through technology[118]. - The company is managing financing and debt risks by maintaining a reasonable debt ratio and improving financial management practices[120]. Corporate Governance - The company has held 1 annual and 7 temporary shareholder meetings, approving 30 proposals, ensuring compliance with legal and regulatory requirements[122]. - The board of directors has convened 16 meetings to discuss 80 proposals, demonstrating effective governance and decision-making processes[124]. - The audit committee convened 8 times in 2021, reviewing the annual financial report and internal control audits, ensuring compliance with regulations[125]. - The supervisory board conducted 14 meetings, approving 58 proposals unanimously, enhancing corporate governance and protecting shareholder rights[126]. Environmental Compliance - The company has not faced any environmental penalties in 2021, indicating effective compliance with environmental regulations[198]. - The wastewater treatment facility of Guannong Company operates with a capacity of 30,000 cubic meters per day, utilizing advanced treatment methods including UASB and MBBR[198]. - The company has invested in pollution control facilities, ensuring that all wastewater is treated to meet national standards before discharge[198]. - The company has obtained all necessary environmental impact assessments and discharge permits for its projects, ensuring regulatory compliance[200].

新 疆 冠 农 股 份 有 限 公 司 XINJI ANG GUANNONG CO.,LTD. 2022 年第一季度报告 证券代码：600251 证券简称：冠农股份 新疆冠农股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人刘中海、主管会计工作负责人莫新民及会计机构负责人（会计主管人员）罗雪妮保证 季度报告中财务报表信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | | 本报告期比上年同期增减变动 | | --- | --- | --- | --- | | | | | 幅度(%) | | 营业收入 | | 541,652,462.79 | -67.84 | | 归属于上市公司股东的净利润 | | 2 ...

Financial Performance - The company's operating revenue for 2022 was CNY 2,412,985,493.75, a decrease of 38.18% compared to CNY 3,903,478,371.59 in 2021[24]. - Net profit attributable to shareholders of the listed company increased by 57.72% to CNY 474,939,187.52 from CNY 301,125,948.09 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 581,067,546.84, representing a significant increase of 120.91% compared to CNY 263,028,817.70 in 2021[24]. - The net cash flow from operating activities surged by 728.81% to CNY 1,024,469,480.53 from CNY 123,607,705.04 in 2021[24]. - Total assets at the end of 2022 were CNY 6,961,635,811.20, a decrease of 2.28% from CNY 7,124,111,657.77 in 2021[24]. - The net assets attributable to shareholders of the listed company increased by 15.10% to CNY 3,170,057,014.33 from CNY 2,754,153,503.40 in the previous year[24]. - Basic earnings per share (EPS) increased by 58.65% to CNY 0.61, while diluted EPS also reached CNY 0.61[26]. - The weighted average return on equity (ROE) rose to 16.04%, an increase of 4.37 percentage points from the previous year[26]. - The company reported a total revenue of CNY 241,298.55 million for 2022, a decrease of 38.18% compared to the previous year[53]. Dividend and Capital Management - The company plans to distribute a cash dividend of CNY 1.84 per 10 shares, totaling CNY 143,336,328.07 based on a total share capital of 779,001,783 shares[8]. - The company does not plan to implement a capital reserve transfer to increase share capital for this year[8]. - The company has a cash dividend policy that complies with relevant laws and regulations, ensuring transparency and protection of minority shareholders' rights[163]. - The company will conduct cash dividends annually, with the board able to propose interim cash dividends based on profitability and funding needs[194]. Market and Product Development - The domestic market share of diced tomatoes exceeded 60%, with the sales proportion of tomato products in total sales increasing from less than 10% to 30%[34]. - The company focused on enhancing its core competencies in three main industries, achieving historical highs in production, sales, and performance in the tomato industry[33]. - The company is actively working on new product development in the tomato industry, enhancing product variety and market competitiveness[33]. - The company is focusing on expanding its tomato product offerings, with plans to develop a 25,000-ton tomato product project to enhance domestic market presence[40]. - The company is committed to increasing R&D investments in key technologies for tomato processing and sugar production to drive high-quality development[99]. Research and Development - In 2022, the company achieved a research and development investment of CNY 19.29 million, representing a year-on-year increase of 163.84%[35]. - The company received 37 patent authorizations and completed 2 software copyright registrations in 2022, enhancing its technological support for high-quality development[35]. - Research and development expenses rose by 163.84% to CNY 19,289,676.11, reflecting the company's commitment to innovation[55]. - The number of R&D personnel is 65, accounting for 7.91% of the total workforce, reflecting the company's commitment to research and development[74]. Operational Efficiency - The company has established front warehouses outside Xinjiang and increased collaboration with e-commerce platforms to expand its domestic market presence[34]. - The company has accelerated key projects, including a 200,000-ton bio-fermented feed project that has begun trial production and a 300,000-ton cottonseed processing project that has officially commenced construction[35]. - The company is focusing on improving raw material supply quality and quantity through smart platform construction and integration of primary, secondary, and tertiary industries[108]. - The company is enhancing its market research capabilities to better anticipate market trends and mitigate risks associated with price fluctuations[105]. Risk Management - There are no significant risks or non-operating fund occupation by controlling shareholders reported[10]. - The company faces significant market risks due to intense competition in its three main businesses: cotton, sugar, and tomatoes, alongside a slowdown in external demand[105]. - The company is actively pursuing risk management strategies to address potential impacts from external environmental changes and natural disasters[104]. - The company is implementing measures to mitigate financing and debt repayment risks, including maintaining a reasonable debt ratio and improving financial management[110]. Corporate Governance - The company has received a standard unqualified audit report from Sigma Accounting Firm[7]. - The company disclosed a total of 4 regular reports and 82 temporary announcements during the reporting period, ensuring compliance with information disclosure regulations[119]. - The company’s controlling shareholder has committed to resolving any competition issues within 36 months following the transfer of shares, ensuring compliance with governance standards[123]. - The company has implemented measures to maintain independence from its controlling shareholder, ensuring no undue influence on decision-making[122]. Social Responsibility - The company is actively involved in social responsibility initiatives, including donations and support for rural employment, contributing to community development[37]. - The company reported a total investment of 1.5325 million yuan in social responsibility projects, benefiting 549 individuals[186]. - The company has made donations to support local poverty alleviation projects and community welfare initiatives[186]. - Seasonal employment support provided for 539 individuals in the tomato and sugar industries, with each individual earning over CNY 10,000 during the season[187]. Environmental Compliance - The company has not faced any environmental penalties, indicating compliance with pollution discharge standards[179]. - The wastewater treatment process for Guanyuan Sugar Industry employs anaerobic and aerobic biological treatment methods, ensuring compliance with national discharge standards[179]. - The company has established a professional wastewater management team responsible for the daily operation and maintenance of the wastewater treatment facilities[179]. - The company has implemented an online monitoring system for wastewater discharge, measuring COD, pH, ammonia nitrogen, and total nitrogen[183].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 225,837,201.30, a decrease of 47.95% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was CNY 1,670,951.49, down 95.81% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 15.96% to CNY 29,518,543.60 for Q3 2022[5]. - The basic earnings per share for Q3 2022 was CNY 0.0021, a decrease of 95.79% year-on-year[5]. - Total operating revenue for the first three quarters of 2022 was ¥1,845,098,044.78, a decrease of 49.1% compared to ¥3,626,665,103.58 in the same period of 2021[20]. - Net profit for the first three quarters of 2022 was a loss of ¥72,614,320.02, compared to a profit of ¥273,843,427.98 in the same period of 2021[21]. - The company reported a total profit of -¥66,469,497.58 for the first three quarters of 2022, contrasting with a profit of ¥281,678,366.00 in 2021[21]. - The net profit for the third quarter of 2022 was CNY 470,227,590.94, an increase from CNY 282,708,324.23 in the same period of 2021, representing a growth of approximately 66.5%[32]. - The total operating profit for the third quarter was CNY 470,408,209.97, compared to CNY 283,306,502.11 in the previous year, indicating a year-over-year increase of about 66.2%[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,336,441,130.28, a decrease of 25.09% from the end of the previous year[5]. - As of September 30, 2022, the total assets of Xinjiang Guannong Co., Ltd. amounted to CNY 5,336,441,130.28, a decrease from CNY 7,124,111,657.77 at the end of 2021, representing a decline of approximately 25.1%[18]. - The company's current assets totaled CNY 2,618,583,362.01, down from CNY 4,741,762,445.61 at the end of 2021, indicating a decrease of about 44.7%[15]. - The total liabilities decreased to CNY 2,299,079,349.79 from CNY 3,978,931,535.27, reflecting a reduction of approximately 42.2%[16]. - The total owner's equity decreased to CNY 3,037,361,780.49 from CNY 3,145,180,122.50, representing a decline of approximately 3.4%[16]. - The company's short-term borrowings decreased to CNY 1,289,363,775.18 from CNY 3,186,882,255.21, indicating a reduction of about 59.6%[16]. - The company's total liabilities decreased to CNY 63,880,097.26 from CNY 190,470,241.31 year-over-year[29]. Cash Flow - The cash flow from operating activities for the year-to-date was CNY 2,195,662,540.10, down 7.48% compared to the previous year[5]. - Operating cash flow for the first three quarters of 2022 was ¥2,195,662,540.10, a decrease of 7.5% from ¥2,373,164,268.35 in 2021[24]. - The net cash flow from operating activities for the first three quarters of 2022 was negative CNY 21,139,982.35, a decline from a positive CNY 45,642,005.76 in the same period of 2021[34]. - The company's net cash flow from financing activities was negative at CNY -1,988,490,783.12, compared to CNY -1,858,368,748.73 in the previous period[28]. - The company's total cash outflow from financing activities was CNY 201,763,844.63, compared to CNY 189,186,417.03 in the previous year, reflecting an increase of about 6.4%[34]. Investments and Expenses - The company received government subsidies amounting to CNY 8,040,566.09, which were closely related to its normal business operations[8]. - Research and development expenses increased to ¥10,733,668.84 in the first three quarters of 2022, up from ¥4,795,627.11 in 2021, reflecting a growth of 123.5%[20]. - The company reported investment income of ¥363,876,809.56 for the first three quarters of 2022, an increase of 103.5% from ¥178,662,798.69 in 2021[20]. - The net profit from investment activities was CNY 480,025,753.18, up 59.9% from CNY 300,027,939.75 in the same period last year[31]. - The company's management expenses decreased to CNY 22,215,282.35 from CNY 26,768,633.13 year-over-year[31]. - The company's financial expenses showed a net income of CNY -6,344,249.62, compared to CNY -4,267,044.34 in the previous year[31]. Market Conditions - The company reported a significant loss in cotton product sales due to a depressed market price, impacting overall profitability[8]. - The company has not disclosed any new product developments or market expansion strategies in the current report[17].

注:"本报告期"指本季度初至本季度末 3 个月期间，下同。 2022 年第三季度报告 证券代码：600251 证券简称：冠农股份 新疆冠农果茸股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | --- | --- | --- | --- | --- | |-----------------------------------------------|------------------|-------------------------------------|------------------|---- ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,347,804,075.99, a decrease of 2.28% compared to CNY 3,425,907,592.52 in the same period last year[18]. - The net profit attributable to shareholders of the listed company increased by 38.35% to CNY 262,664,949.11 from CNY 189,851,506.16 year-on-year[18]. - The net profit after deducting non-recurring gains and losses rose by 67.40% to CNY 272,748,357.09 compared to CNY 162,932,477.14 in the previous year[18]. - The net cash flow from operating activities decreased by 30.93% to CNY 1,617,731,597.39 from CNY 2,342,321,918.80 in the same period last year[18]. - The total assets at the end of the reporting period were CNY 6,185,855,878.71, down 13.17% from CNY 7,124,111,657.77 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 7.53% to CNY 2,961,426,351.37 from CNY 2,754,153,503.40 at the end of the previous year[18]. - Basic earnings per share for the first half of 2022 were CNY 0.3363, an increase of 38.97% compared to CNY 0.242 in the same period last year[19]. - The diluted earnings per share also stood at CNY 0.3363, reflecting the same growth rate of 38.97% year-on-year[19]. - The weighted average return on net assets increased by 1.65 percentage points to 9.12% from 7.47% in the previous year[19]. Revenue and Profit Distribution - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[6]. - The company's revenue for the reporting period was 334,780.41 million RMB, a decrease of 2.28% compared to the same period last year, primarily due to a decline in cotton product sales[20]. - The net profit attributable to shareholders for the reporting period was 26,266.49 million RMB, an increase of 38.35% year-on-year, while the net profit excluding non-recurring items was 27,274.84 million RMB, up 67.4%[20]. - The company reported no profit distribution or capital reserve transfer plan for the first half of 2022, with no dividends or stock bonuses proposed[59]. - The company has committed to resolving potential competition issues with Xinjiang Talimu Oasis Agricultural Development Co., Ltd. by potentially acquiring or managing competing assets within 36 months[78]. Investment and Market Strategy - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming periods[20]. - The company is committed to increasing the processing conversion rate of agricultural products from 67.5% to 80% by 2025[25]. - The company plans to invest up to 18,850.30 million yuan in a project to produce 25,000 tons of tomato products annually[49]. - The company is actively promoting the construction of new projects, including a 20,000-ton sugar syrup processing project and a 300,000-ton cottonseed deep processing project, ensuring timely production[38]. - The company aims to enhance its market competitiveness by optimizing governance and improving operational compliance through state-owned enterprise reforms[30]. Research and Development - The company increased its R&D expenses by 113.80% to CNY 5.36 million, reflecting a strong commitment to technological innovation[41]. - The company has secured three certifications (CMA for environmental testing, CATL for agricultural product quality safety testing, and food CMA) to enhance its competitive edge in the industry[33]. Environmental Compliance - The company has two wastewater treatment plants with a total processing capacity of 30,000 m³/d, utilizing advanced treatment methods to ensure compliance with national discharge standards[64]. - The company has implemented a monthly external monitoring system for environmental indicators during production periods[68]. - The company has received multiple environmental permits for its production lines, including a recent permit for a 3,000 tons per day tomato processing line[65]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[68]. Financial Position - Cash and cash equivalents at the end of the period amounted to 1,445,409,658.90 yuan, representing 23.37% of total assets, an increase of 30.57% from the previous year[42]. - Trading financial assets increased by 179.06% to 350,000,000.00 yuan, accounting for 5.66% of total assets, primarily due to the purchase of bank wealth management products[42]. - Accounts receivable rose by 51.05% to 212,205,835.99 yuan, representing 3.43% of total assets, mainly due to an increase in customer receivables[42]. - Inventory decreased by 67.44% to 939,645,256.25 yuan, accounting for 15.19% of total assets, primarily due to the sale of inventory products[44]. - The total balance of financial assets measured at fair value increased to CNY 444,864,458.85, with a current period change of CNY 224,577,441.54 impacting profit by CNY 1,100.66[50]. Corporate Governance - The company appointed new senior management, including Xiao Li as General Manager and Jin Jianxia as Deputy General Manager and Secretary of the Board[58]. - The company experienced a significant change in its board and supervisory committee, with all members resigning and new members elected[58]. - The company has implemented an employee stock incentive plan, granting 6.02 million restricted stocks at a price of 2.72 yuan per share to 97 incentive targets[60]. Risk Management - The company anticipates risks from external environmental changes, including the ongoing COVID-19 pandemic and geopolitical tensions, which may impact its three main industries[53]. - The company plans to enhance raw material supply and quality through technological innovation to mitigate market risks[53]. - There is a risk of talent shortages as the company expands, necessitating improvements in human resource management and competitive compensation[53]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 43,231[91]. - Xinjiang Guannong Group Co., Ltd. holds 320,932,708 shares, accounting for 41.09% of the total shares[91]. - The company has a clear plan for the release of restricted shares over the next few years, with specific timelines outlined[92]. Legal and Compliance - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal standing[80]. - The company has a good integrity status, with no significant dishonesty issues reported during the period[80].

证券代码：600251 证券简称：冠农股份 公告编号：临 2022-043 新疆冠农果茸股份有限公司 关于参加 2022 年新疆辖区投资者网上集体接待日暨上市 公司业绩说明会活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为便于广大投资者更深入全面地了解公司发展战略、经营状况、融资计划、股权 激励、可持续发展等投资者所关心的问题，公司定于 2022 年 6 月 24 日参加由新疆上 市公司协会联合深圳市全景网络有限公司组织开展的 2022 年新疆辖区上市公司投资 者网上集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网络远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 全 景 网 " 投 资 者 关 系 互 动 平 台 " 网 站 （http://ir.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参与 公司本次投资者集体接待日活动，活动时间为 2022 年 6 月 24 日下午（星期五）15:00 —17:30。 出 ...

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,447,633,307.30, a decrease of 18.79% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 220,168,331.41, an increase of 171.63% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 186,921,847.87, reflecting a year-on-year increase of 164.92%[3]. - Basic and diluted earnings per share were both CNY 0.2817, an increase of 172.70% year-on-year[3]. - The significant increase in net profit was mainly attributed to the rise in potash fertilizer prices, leading to higher investment returns[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 164.92 million, primarily due to the significant increase in net profit from the associated company Guotou Luokai, driven by rising potash prices[7]. - The total comprehensive income for Q1 2022 was CNY 206,183,209.62, up from CNY 121,853,241.41 in Q1 2021, reflecting a growth of approximately 69.2%[17]. - The net profit for Q1 2022 was CNY 198,133,492.21, a significant increase from CNY 99,209,541.41 in Q1 2021, representing a growth of approximately 100.5%[17]. - The net profit for Q1 2022 was CNY 205,736,784.33, a significant increase compared to CNY 61,601,863.02 in Q1 2021, representing a growth of approximately 233.5%[26]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 594,470,807.75, down 47.58% compared to the previous year[3]. - Cash inflows from operating activities totaled CNY 2,144,738,503.34, down from CNY 2,579,915,101.50 in the previous year, a decrease of approximately 16.9%[19]. - Cash outflows from operating activities were CNY 1,550,267,695.59, compared to CNY 1,445,800,961.41 in Q1 2021, representing an increase of about 7.2%[19]. - The company's cash and cash equivalents showed a significant increase, contributing to improved liquidity[15]. - The company's cash and cash equivalents increased to CNY 1,055,663,530.83 at the end of Q1 2022, compared to CNY 661,861,687.68 at the end of 2021, representing a rise of approximately 59.5%[21]. - The net cash flow from financing activities was negative CNY 300,544,095.62 for Q1 2022, compared to negative CNY 1,145,624,275.89 in the same period of the previous year[21]. - The company reported a net cash increase of CNY 264,863,557.69 in Q1 2022, compared to CNY 24,638,210.40 in the same period of the previous year, representing a substantial improvement[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,503,450,775.19, up 5.32% from the end of the previous year[3]. - Total current assets increased to CNY 5,024.73 million from CNY 4,741.76 million year-over-year[12]. - Long-term equity investments rose to CNY 1,015.31 million from CNY 928.91 million year-over-year[12]. - Total liabilities as of Q1 2022 amounted to CNY 4,150,929,387.47, compared to CNY 3,978,931,535.27 in Q1 2021, an increase of 4.3%[13]. - The total liabilities amounted to CNY 256,890,926.46 as of March 31, 2022, compared to CNY 190,470,241.31 at the end of 2021, reflecting an increase of about 35%[24]. - Total equity for Q1 2022 was CNY 3,352,521,387.72, up from CNY 3,145,180,122.50 in Q1 2021, representing an increase of 6.6%[13]. - The company's equity increased to CNY 2,756,688,938.49 in Q1 2022 from CNY 2,549,794,098.59 in Q1 2021, showing a growth of approximately 8.1%[24]. Operating Performance - Total operating costs for Q1 2022 were CNY 1,510,686,973.88, down from CNY 1,765,561,754.38 in Q1 2021, reflecting a reduction of 14.4%[15]. - Operating profit for Q1 2022 increased to CNY 198,767,747.57, compared to CNY 99,660,540.38 in Q1 2021, representing a growth of 99.5%[15]. - The company plans to focus on market expansion and new product development in the upcoming quarters[15]. - Research and development expenses rose to CNY 1,470,276.45 in Q1 2022, compared to CNY 330,933.41 in Q1 2021, indicating a substantial increase of 344.5%[15]. - Investment income for Q1 2022 was CNY 202,177,878.18, up from CNY 60,537,635.62 in Q1 2021, reflecting an increase of 233.5%[15]. - The cost of goods sold increased to CNY 561,268.87 in Q1 2022 from CNY 435,628.67 in Q1 2021, reflecting a rise of about 28.8%[24]. - The company received CNY 120,869,367.04 in investment income during Q1 2022, reflecting a strong performance in this area[28]. Shareholder Information - Shareholders' equity attributable to the parent company was CNY 2,978,728,510.67, an increase of 8.15% compared to the end of the previous year[3]. - The top ten shareholders include Xinjiang Guannong Group Co., Ltd. holding 41.07% of shares, indicating a strong concentration of ownership[7].