2022 年第一季度报告 单位：元 币种：人民币 证券代码：600313 证券简称：农发种业 中农发种业集团股份有限公司 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、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 | --- | --- | --- | |-----------------------------------------------|----------------|-------------------------------------| | 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 | 969,328,386.48 ...

Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of 36,311,046.51 yuan, representing a 34.02% increase compared to 27,094,534.97 yuan in 2020[6]. - The total operating revenue for 2021 was 3,764,392,752.13 yuan, a 2.78% increase from 3,662,548,774.43 yuan in 2020[23]. - The net cash flow from operating activities decreased by 84.35% to 23,732,593.27 yuan in 2021, down from 151,676,344.87 yuan in 2020[23]. - The company's total assets at the end of 2021 were 3,363,747,553.55 yuan, a 1.32% increase from 3,320,001,240.25 yuan at the end of 2020[23]. - The net assets attributable to shareholders increased by 2.49% to 1,503,827,917.24 yuan at the end of 2021, compared to 1,467,297,044.45 yuan at the end of 2020[23]. - The basic earnings per share for 2021 were 0.0336 yuan, up 34.40% from 0.0250 yuan in 2020[24]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching 11,924,482.40 yuan, a 2,005.51% increase from 566,347.73 yuan in 2020[23]. - The net profit attributable to shareholders of the listed company for Q4 2021 was 41,095,018.45 yuan, recovering from losses in previous quarters[28]. - The company received government subsidies amounting to 40,318,543.60 yuan in 2021, compared to 32,871,168.88 yuan in 2020[29]. Business Segments - The seed business generated operating revenue of 878 million yuan, a year-on-year increase of 42.31%[37]. - The wheat seed business sold 152,200 tons, with revenue of 522 million yuan, up 47.38% year-on-year[37]. - The corn seed business sold 22,100 tons, generating revenue of 218 million yuan, an increase of 53.04% year-on-year[38]. - The rice seed business sold 11,100 tons, achieving revenue of 129 million yuan, a year-on-year growth of 15.57%[38]. - In the liquor grain business, the company sold 60,800 tons with revenue of 189 million yuan, a year-on-year increase of 190.29%, and gross profit of 17.72 million yuan, up 1,355.70 million yuan[40]. - Fertilizer trade saw sales of 984,400 tons and revenue of 1.833 billion yuan, a year-on-year decrease of 20.06%, while gross profit slightly increased by 2.47%[40]. - The pesticide business achieved sales of 23,200 tons with revenue of 437 million yuan, a year-on-year increase of 50.91%, and gross profit rose by 33.31%[41]. Research and Development - The company introduced 34 new approved varieties, including 6 wheat, 13 corn, and 13 rice varieties, enhancing its competitive advantage[41]. - The company has established a comprehensive commercial R&D system and a trial network for seed production across major ecological zones[61]. - Total R&D investment amounted to approximately $5.34 million, representing 1.42% of total revenue[83]. - The number of R&D personnel was 171, accounting for 15.69% of the total workforce[84]. - The company aims to enhance its core competitiveness through the implementation of the revised Seed Law, which strengthens intellectual property protection in the seed industry[95]. Market Strategy and Expansion - The company is focusing on enhancing core competitiveness through new product development and expanding into international markets[37]. - The company has established research stations in multiple countries, including Bangladesh and Indonesia, and has set up a seed company in Pakistan, enhancing its international presence[65]. - The company plans to enhance its seed production capabilities by building national-level seed production bases for corn, wheat, and rice, and improving processing and storage facilities[103]. - The company is targeting the expansion of its seed business, particularly in corn and wheat, by promoting differentiated varieties and enhancing its market presence in various regions[104]. - The company is exploring partnerships with international firms to leverage synergies and expand its global footprint[135]. Financial Management and Governance - The company has established strong financial partnerships with multiple institutions, ensuring robust funding for ongoing operations and development[47]. - The company has implemented a contractual management system, enhancing strategic execution and internal management oversight[49]. - The company has developed an investor management system and maintains effective communication with investors through various channels, addressing inquiries in a timely manner[122]. - The total pre-tax remuneration for key management personnel during the reporting period amounted to 395.58 million yuan[129]. - The company has established performance evaluation standards and incentive mechanisms to align management interests with those of shareholders[122]. Environmental and Social Responsibility - The company has implemented various pollution prevention measures, including centralized collection and treatment of waste gases and optimization of production processes to reduce wastewater discharge[174]. - The company has established an emergency response plan for environmental incidents, which was filed with local ecological environment authorities in November 2020[176]. - The company has been actively involved in poverty alleviation efforts in Xiaoxian, Anhui, establishing agricultural bases and donating fertilizers to help increase local farmers' income[191]. - The company is committed to protecting the rights and interests of employees, promoting their development and well-being[190]. Legal and Compliance Issues - The company has initiated legal proceedings against the original shareholders of Guangxi Gelin for compensation due to unmet profit commitments[199]. - The company is actively pursuing the completion of legal procedures related to property rights issues affecting its subsidiaries[194]. - The company has not reported any dissenting opinions from the supervisory board regarding risk supervision during the reporting period[153].

Financial Performance - The company's operating revenue for Q3 2021 was ¥749,912,877.55, a decrease of 26.88% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was -¥1,271,787.94, representing a decline of 133.64% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥3,585,642.61, a decrease of 105.64% compared to the same period last year[7]. - Net profit for the third quarter of 2021 was -¥13,093,222.06, compared to -¥19,948,904.22 in the same quarter of 2020, showing an improvement of 34.5%[36]. - The company’s total comprehensive income for the third quarter was -¥12,668,135.50, compared to -¥19,948,904.22 in the same quarter of 2020, reflecting a year-over-year improvement of 36.6%[39]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,135,323,532.48, down 5.56% from the end of the previous year[9]. - As of September 30, 2021, total assets amounted to RMB 3,135,323,532.48, a decrease from RMB 3,320,001,240.25 in the previous year[24]. - The company’s total liabilities decreased to ¥990,323,970.58 in 2021 from ¥1,158,882,784.87 in 2020, a reduction of approximately 14.5%[31]. - The total equity attributable to shareholders was ¥1,462,734,110.02, slightly down from ¥1,467,297,044.45 in the previous year[31]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥316,461,409.35, reflecting a significant increase in procurement expenses[9]. - Cash flow from operating activities for the first three quarters of 2021 was ¥3,358,148,496.64, compared to ¥2,428,622,671.69 in 2020, indicating a significant increase of 38.3%[39]. - The company reported a total cash outflow of 3,782,813,602.66 from operating activities, which is significantly higher than 2,607,344,272.40 from the previous year[42]. - Total cash inflow from operating activities amounted to 3,466,352,193.31, compared to 2,579,313,970.40 in the same quarter last year, reflecting a year-over-year increase of approximately 34.4%[42]. - Cash outflow for purchasing goods and services was 3,568,727,900.05, up from 2,337,647,077.13, representing an increase of about 52.7%[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 90,424, with the largest shareholder being China Agricultural Development Group Co., Ltd., holding 23.12% of shares[17]. - The company has pledged 22,000,000 shares due to debt repayment needs, which does not affect its control[23]. - The company reported a judicial freeze on 97,759,653 shares held by a major shareholder due to a contract dispute[23]. Operational Challenges - The company attributed the decline in profits to rising raw material prices and a decrease in export orders from downstream customers[16]. - The company is focused on maintaining operational stability despite the challenges posed by share pledges and freezes[23]. Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥23,669,680.13, an increase of 25.0% from ¥18,915,302.72 in 2020[33].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,054,210,962.64, representing a 63.64% increase compared to ¥1,255,332,734.05 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥3,512,184.00, an improvement of 61.31% from -¥9,078,698.36 in the previous year[20]. - The net cash flow from operating activities was -¥168,422,854.42, a significant decline of 304.78% compared to ¥82,244,597.23 in the same period last year[20]. - The total assets decreased by 7.18% to ¥3,081,771,505.78 from ¥3,320,001,240.25 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company slightly decreased by 0.22% to ¥1,464,004,686.73 from ¥1,467,297,044.45 at the end of the previous year[20]. - The basic earnings per share for the first half of 2021 was -¥0.0032, showing a 61.90% improvement from -¥0.0084 in the same period last year[21]. - The weighted average return on net assets increased by 0.39 percentage points to -0.24% from -0.63% in the previous year[21]. - The company reported a net loss of CNY 53.48 million for the period, compared to a loss of CNY 50.19 million in the previous period[132]. - The company reported a decrease in short-term borrowings by 25.22% to 177.90 million yuan, indicating an increase in loan repayments[46]. - The company achieved an operating revenue of 2.054 billion yuan in the first half of 2021, representing a year-on-year increase of 63.64% compared to 1.255 billion yuan in the same period last year[43]. Asset Management - The company reported a decrease in total assets and net assets, indicating potential challenges in asset management and capital efficiency[20]. - The total assets of the company at the end of the reporting period amounted to 3.082 billion yuan, with total liabilities of 0.932 billion yuan and net assets of 2.149 billion yuan[43]. - The company's total current assets were CNY 1,898.18 million, down from CNY 2,110.09 million at the end of 2020, representing a decrease of approximately 10%[126]. - The company's inventory decreased to CNY 356.07 million from CNY 399.55 million, a reduction of approximately 10.9%[126]. - The company's accounts receivable decreased to CNY 234.70 million from CNY 264.43 million, a decline of about 11.3%[126]. Research and Development - The company has established a comprehensive commercial R&D system, focusing on conventional breeding and collaborating with domestic and international research institutions[28]. - Research and development expenses increased by 35.72% to 16.26 million yuan, reflecting increased investment in R&D projects[43]. - The company has established a strong research and development capability, with numerous new varieties undergoing trials, which will support its competitive advantage and sustainable development[36]. - The company is advancing key technology projects and innovation initiatives, including the development of new corn varieties and participation in space mutation experiments to expand genetic resources[42]. - The company aims to establish a commercialized research and innovation system by integrating R&D efforts across its subsidiaries, focusing on developing competitive seed varieties that meet market demands[56]. Market Position and Strategy - The core business includes research, production, and sales of crop seeds, with a focus on corn, rice, and wheat seeds[28]. - The company has a strong market position, being rated AAA in the national seed industry credit evaluation and having several subsidiaries recognized as key credit enterprises[31]. - The company is positioned to benefit from favorable national policies aimed at enhancing the seed industry and ensuring food security[29]. - The agricultural industry is experiencing a shift towards integrated agricultural services, with the company adapting its sales strategies accordingly[29]. - The company plans to enhance its seed industry value by extending the seed industry chain and developing new profit growth points[54]. Environmental Management - The company has implemented a comprehensive safety and environmental management system to address risks associated with hazardous materials used in production, aiming to control safety and environmental risks effectively[60]. - The company has reported zero instances of exceeding pollutant discharge standards during the reporting period, indicating compliance with environmental regulations[68]. - The company has constructed facilities for the production of 10,000 tons of 2-methyl-6-ethyl aniline (MEA) and 10,000 tons of 2,6-diethyl aniline (DEA), all passing environmental protection acceptance[75]. - The company has implemented a comprehensive environmental monitoring plan, including 7 sets of exhaust treatment devices and 3 sets of online monitoring systems for waste gas[76]. - The company has optimized production processes to further reduce wastewater emissions, ensuring compliance with environmental standards[72]. Legal and Compliance Issues - The company is currently involved in a lawsuit regarding a debt of RMB 990,000 owed to Keli Machinery Factory, with a first-instance judgment requiring payment[101]. - The company has ongoing litigation related to a debt dispute with Yichang Jiahua Real Estate Co., with a claim of CNY 43.4 million plus interest[95]. - The company has initiated legal action against Yangzhou Today Seed Industry Co. for unauthorized sales of its "Yangfu Wheat No. 4" seeds, seeking RMB 2,000,000 in damages[104]. - The company is actively pursuing legal actions to enforce the court's decision regarding the debt recovery from Yichang Jiahua[95]. - 河南农化未实现2016年度业绩承诺利润，承诺人需支付业绩补偿款121.59 million yuan[98]. Shareholder and Capital Structure - The total number of ordinary shareholders at the end of the reporting period is 102,241[116]. - The largest shareholder, China Agricultural Reclamation Group, holds 250,250,000 shares, representing 23.12% of the total shares, with 97,759,653 shares frozen[116]. - The second-largest shareholder, China Agricultural Development Group, holds 157,718,120 shares, representing 14.57% of the total shares[116]. - The company has not experienced any changes in its share capital structure during the reporting period[115]. - The total amount of guarantees provided by the company, including those to subsidiaries, is 93.31 million RMB, which accounts for 6.37% of the company's net assets[112].

Financial Performance - Operating revenue for the period reached approximately ¥930.58 million, an increase of 202.20% year-on-year[12] - Net profit attributable to shareholders was approximately ¥411,313.29, a turnaround from a loss of ¥10.25 million in the same period last year, representing a 104.01% increase[12] - Basic earnings per share were ¥0.0004, compared to a loss of ¥0.0095 per share in the same period last year, marking a 104.21% improvement[12] - The company's operating revenue reached ¥930,576,395.21, a significant increase of 202.20% compared to ¥307,933,290.88 in the same period last year, primarily due to increased fertilizer sales[21] - The company reported a net loss of approximately ¥49.8 million, an improvement from a loss of ¥50.2 million in the previous year[43] - The total comprehensive income for the period was -3,542,778.82 RMB, down from -19,069,024.86 RMB year-over-year[58] Cash Flow - Net cash flow from operating activities was negative at approximately -¥3.34 million, a decline of 111.30% compared to the previous year[12] - The net cash flow from operating activities was negative at -¥3,339,987.11, a decline of 111.30% from ¥29,568,096.21, mainly due to increased cash payments related to operating activities[24] - The cash inflow from investment activities was ¥85.58 million in Q1 2021, down from ¥258.03 million in Q1 2020, reflecting a decrease of 66.8%[67] - The net cash flow from investment activities was -¥153.55 million in Q1 2021, compared to -¥7.12 million in Q1 2020, showing a worsening of 2,059.5%[67] - The total cash inflow from operating activities was ¥924.37 million in Q1 2021, compared to ¥399.80 million in Q1 2020, marking an increase of 131.1%[64] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥3.21 billion, a decrease of 3.32% compared to the end of the previous year[12] - Current assets totaled approximately ¥2.01 billion, down from ¥2.11 billion at the end of 2020, indicating a decrease of around 5.2%[38] - Total liabilities decreased to approximately ¥1.05 billion from ¥1.16 billion, a reduction of about 9.2%[43] - The company's equity attributable to shareholders was approximately ¥1.47 billion, a slight increase from ¥1.46 billion at the end of 2020[43] Expenses - The company's operating costs amounted to ¥891,351,958.12, reflecting a 208.32% increase from ¥289,096,973.26, also driven by higher fertilizer sales[21] - Research and development expenses increased by 127.36% to ¥7,829,488.92 from ¥3,443,664.60, indicating a rise in investment according to project progress[21] - The company reported a financial expense reduction of 73.87%, down to ¥633,978.09 from ¥2,426,689.85, mainly due to increased interest income[21] - The company’s management expenses rose to 5,718,434.45 RMB from 4,899,858.84 RMB in the previous year, reflecting increased operational costs[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 115,415[18] - The largest shareholder, China Agricultural Reclamation Group Co., Ltd., held 250,250,000 shares, accounting for 23.12% of the total shares[18] Future Plans - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[39] - The company plans to continue focusing on R&D to drive future growth, as evidenced by the significant increase in R&D expenses[53] Legal and Financial Commitments - The company is actively pursuing legal actions to recover outstanding performance compensation from previous acquisitions, indicating ongoing efforts to manage financial commitments[25]

Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of 27,094,534.97 CNY, a 49% increase compared to 2019[7]. - The company's operating revenue for 2020 was 3,662,548,774.43 CNY, representing a decrease of 28.68% from 2019[23]. - The net cash flow from operating activities increased by 276.98% to 151,676,344.87 CNY in 2020 compared to 2019[23]. - The total assets of the company at the end of 2020 were 3,320,001,240.25 CNY, a 7.50% increase from the end of 2019[23]. - The company's net assets attributable to shareholders increased by 1.88% to 1,467,297,044.45 CNY at the end of 2020[23]. - Basic earnings per share for 2020 were 0.0250 CNY, up 48.81% from 2019[26]. - The company reported a significant turnaround in net profit after deducting non-recurring gains and losses, achieving 566,347.73 CNY in 2020 compared to a loss of 14,667,057.42 CNY in 2019, marking a 103.86% improvement[23]. - The company plans not to distribute dividends for 2020 due to accumulated undistributed profits being negative[7]. - The weighted average return on net assets for 2020 was 1.86%, an increase of 0.59 percentage points from 2019[26]. Revenue and Sales - In Q1 2020, the company reported a revenue of CNY 307.93 million, which increased to CNY 1.38 billion in Q4 2020, showing a significant growth trend[9]. - The net profit attributable to shareholders was negative in Q1 2020 at CNY -10.25 million, but turned positive to CNY 32.39 million by Q4 2020[9]. - The net cash flow from operating activities was CNY 29.57 million in Q1 2020, with a notable increase to CNY 179.71 million in Q4 2020[9]. - The company achieved a revenue of 3.663 billion yuan in 2020, a year-on-year decrease of 28.68%[46]. - The seed business generated a revenue of 617 million yuan in 2020, with a year-on-year growth of 1.98%[46]. - The company sold 11,700 tons of corn seeds in 2020, resulting in a revenue of 143 million yuan, a year-on-year decline of 17.60%[46]. - The company sold 120.67 million tons of fertilizers in 2020, generating revenue of CNY 2.29 billion, a year-on-year decline of 39.55%[50]. - The company sold 11.97 million tons of wheat seeds in 2020, with revenue of CNY 354 million, a slight decrease of 0.33% year-on-year[49]. - The company sold 1.09 million tons of rice seeds in 2020, achieving revenue of CNY 112 million, a year-on-year increase of 2.04%[49]. Business Strategy and Operations - The core business focuses on the R&D, production, and sales of crop seeds, with a significant emphasis on corn, wheat, and rice seeds[36]. - The company is focusing on transforming from a seed supplier to an integrated agricultural service provider, offering comprehensive services including machinery, agricultural inputs, planting plans, storage, processing, and financial services[39]. - The company is adapting to market changes by developing direct sales to large agricultural operators and integrating services across the agricultural supply chain[36]. - The company has five subsidiaries recognized as "China Seed Industry Credit Backbone Enterprises" and four with national "breeding, propagation, and promotion integration" production qualifications[39]. - The company is enhancing its research and development capabilities, with a strong team and advanced research facilities, contributing to the introduction of new crop varieties[44]. - The company is actively expanding its market presence and enhancing customer service to maintain relationships with major clients while supporting the development of small and medium-sized customers[40]. - The company is exploring the integration of high-quality resources in the industry and related sectors to promote order agriculture and modern agricultural service systems[44]. - The company is facing increased market competition due to a supply-demand imbalance in the seed market, leading to intensified competition among seed enterprises[39]. Research and Development - The total R&D investment amounted to CNY 647.78 million, representing 1.77% of operating revenue[75]. - The company’s research and development expenses increased slightly by 0.72% to approximately ¥34.51 million compared to the previous year[60]. - The number of R&D personnel was 73, accounting for 6.82% of the total workforce[75]. - The company aims to enhance its biological breeding capabilities and address key technological challenges to support national food security[96]. - The company intends to enhance its technological innovation capabilities by collaborating with domestic and international research institutions to develop competitive green varieties[99]. Legal and Compliance Issues - The company is involved in a significant lawsuit regarding a debt dispute with Yichang Jiahua Real Estate Co., with a claim for repayment of CNY 43.4 million plus overdue interest[135]. - The company has a debt recovery case involving Yichang Jiahua Real Estate Co., with properties valued at approximately CNY 52.5 million being used to offset debts, but the recovery timeline remains uncertain[138]. - The company has initiated legal actions to recover CNY 22.79 million owed by Guo Wenjiang, with a court ruling requiring him to repay CNY 20.81 million plus penalties[138]. - The company has engaged in multiple legal proceedings to secure compensation and protect its financial interests, indicating a proactive approach to debt recovery[138]. - 河南农化 has outstanding receivables of 74,333.78 CNY from Shandong Qiaochang Chemical Co., Ltd. as of October 31, 2019[142]. - 河南农化 has been awarded a court judgment to receive 1,182,455.03 CNY from Shandong Yingtai for unpaid project fees, with 786,000 CNY already paid[142]. Environmental and Social Responsibility - The company has implemented various environmental protection measures, including waste gas and wastewater treatment, achieving compliance with discharge standards[195]. - The company has constructed facilities for the production of 10,000 tons of MEA, 10,000 tons of DEA, and 1,000 tons of Quinclorac, all passing environmental protection acceptance[196]. - The company has developed an emergency response plan for environmental incidents, filed with local ecological environment authorities[197]. - The company’s financial performance reflects a commitment to both profitability and social responsibility through targeted community support[182]. - The company invested a total of 24.05 million in poverty alleviation projects, with 1 project initiated[186]. - The company established a standardized production demonstration base for brewing wheat in Xiaoxian County, enhancing local agricultural productivity[182].

Financial Performance - Operating revenue for the period from January to September was CNY 2,280,878,588.90, a decrease of 41.49% year-on-year[11] - Net profit attributable to shareholders of the listed company was a loss of CNY 5,297,908.96, improving by 51.71% compared to the previous year's loss[11] - Operating profit was reported at a loss of RMB 18,823,619.99, worsening by 34.29% compared to a loss of RMB 14,017,176.29 in the same period last year[24] - The company reported a net loss of ¥82,581,585.06 compared to a loss of ¥77,283,676.10 in the previous period[45] - The company reported a net loss of ¥19,948,904.22 for the first three quarters of 2020, compared to a net loss of ¥19,568,560.60 in the same period of 2019[57] - The company reported a net profit loss of CNY 2,026,026.06 for the current quarter, compared to a loss of CNY 1,332,143.83 in the same quarter last year, indicating a worsening performance[63] Cash Flow - Net cash flow from operating activities improved to a negative CNY 28,030,302.00, a 63.35% improvement from the previous year's negative cash flow[11] - Cash flow from operating activities improved by 63.35%, resulting in a net cash outflow of RMB -28,030,302.00 compared to RMB -76,474,791.92 in the previous year[26] - The net cash flow from operating activities was -83,424,858.27 RMB, compared to -30,315,095.37 RMB in the same period last year, indicating a significant decline[71] - The company’s net cash flow from investment activities was -15,449,547.01 RMB, an improvement from -120,346,722.16 RMB year-over-year[74] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,357,715,676.38, an increase of 8.72% compared to the end of the previous year[11] - The company's total assets amounted to approximately CNY 3.36 billion, an increase from CNY 3.09 billion at the end of 2019, reflecting a growth of about 8.7%[39] - Total liabilities increased to ¥1,265,411,907.08 from ¥972,796,010.11, representing a growth of approximately 30% year-over-year[45] - Total current liabilities amounted to CNY 1.10 billion, compared to CNY 811 million in the previous year, indicating a growth of about 35.6%[43] - Total liabilities amounted to ¥972,796,010.11, with current liabilities at ¥810,994,183.55 and non-current liabilities at ¥161,801,826.56[81] Shareholder Information - The total number of shareholders at the end of the reporting period was 105,536, with the largest shareholder holding 23.12% of the shares[19] - Owner's equity decreased to ¥2,092,303,769.30 from ¥2,115,649,887.81, reflecting a decline of about 1.1%[45] - Total equity attributable to shareholders reached ¥1,440,282,629.05, with paid-in capital of ¥1,082,198,663.00 and capital reserve of ¥419,512,519.71[81] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 14,215,925.08 during the reporting period, which are closely related to its normal business operations[11] - The company reported a financial product income of CNY 7,251,944.14 during the period[16] Operational Changes and Investments - The company is in the process of optimizing its industrial structure and has divested from Guangxi Gelin, receiving RMB 56.22 million from the sale[28] - The company completed the acquisition of 51% of Henan Zao Hua Grain and Oil Co., with performance commitments for annual revenues of RMB 50 million and net profits of RMB 5 million from 2016 to 2019[31] - The company has ongoing litigation regarding performance compensation from previous acquisitions, with outstanding amounts of RMB 1,636.57 million yet to be recovered[27] Revenue Recognition Standards - The company implemented new revenue recognition standards starting January 1, 2020, affecting the financial reporting and comparability of data[82] - The company adopted the new revenue recognition standards starting January 1, 2020, impacting financial reporting[89] - The company has not made retrospective adjustments to prior period data under the new revenue standards[90]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,255,332,734.05, a decrease of 46.59% compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of CNY 9,078,698.36, showing an improvement of 9.01% from a loss of CNY 9,977,260.19 in the previous year[18]. - The net cash flow from operating activities increased by 135.78% to CNY 82,244,597.23 compared to CNY 34,881,240.57 in the same period last year[18]. - The total assets at the end of the reporting period were CNY 3,160,717,946.00, reflecting a 2.34% increase from CNY 3,088,445,897.92 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 0.63% to CNY 1,431,217,670.45 from CNY 1,440,282,629.05 at the end of the previous year[18]. - The basic earnings per share for the first half of 2020 was -CNY 0.0084, an improvement of 8.70% from -CNY 0.0092 in the same period last year[19]. - The weighted average return on net assets was -0.63%, an increase of 0.07 percentage points compared to -0.70% in the previous year[19]. - The company reported a significant increase in net cash flow from operating activities, amounting to CNY 82.24 million, a 135.78% increase compared to CNY 34.88 million in the previous year[42]. - The net profit for the first half of 2020 was a loss of CNY 22.32 million, with a loss attributable to the parent company of CNY 9.08 million, a reduction in loss of CNY 8.99 million compared to the previous year[41]. Business Operations - The core business focuses on the research, production, and sales of crop seeds, fertilizers, and pesticides, with a significant emphasis on corn, rice, and wheat seeds[26]. - The fertilizer trade business faced challenges due to the COVID-19 pandemic, impacting normal production and logistics, leading to a decline in sales prices and volumes[30]. - The company is one of the four domestic firms with fertilizer import rights, actively adjusting its business strategies to enhance competitiveness and maintain customer relationships[30]. - The pesticide industry is undergoing consolidation, with the company focusing on the production of amide herbicides and intermediate products, aiming to increase market share[30]. - The company has a strong industry position, being rated as an AAA credit enterprise in the seed industry and holding significant influence in the market[29]. - The agricultural seed market is experiencing increased competition and a shift towards integrated agricultural services, driven by policy changes and market demands[29]. - The company is adapting to market changes by increasing the import of new specialty fertilizers, which has improved profitability levels[30]. - The overall seed market is currently characterized by oversupply and intensified competition, leading to a decline in industry profits[29]. Research and Development - The company has strengthened its research and development capabilities, with a focus on developing competitive new varieties such as TianTai 619 and LuYu 1611, which are expected to support market competitiveness[33]. - The company has shifted from external expansion to a balanced approach of internal and external development, aiming to extend the seed industry chain and explore new agricultural service systems[33]. - The company is focusing on establishing a commercial research and innovation system to improve its R&D capabilities and adapt to market demands[56]. Financial Position - The company's total assets amounted to CNY 3.161 billion, with total liabilities of CNY 1.071 billion and net assets of CNY 2.09 billion[41]. - Total current assets increased to ¥1,941,759,758.35 as of June 30, 2020, compared to ¥1,841,374,957.66 at the end of 2019, representing a growth of approximately 5.4%[127]. - Cash and cash equivalents rose to ¥341,921,051.36 from ¥259,107,937.37, marking a significant increase of about 32%[127]. - Total liabilities increased to ¥1,070,683,209.45 from ¥972,796,010.11, reflecting an increase of approximately 10%[132]. - The company's total equity decreased to ¥2,090,034,736.55 from ¥2,115,649,887.81, reflecting a decline of about 1.2%[132]. Environmental and Social Responsibility - The company has implemented various pollution control measures, including centralized collection and treatment of organized and unorganized emissions, ensuring compliance with discharge standards[102]. - Total emissions of particulate matter were recorded at 0.154 tons, significantly below the approved limit of 13.45 tons per annum[101]. - The company has constructed facilities with an annual production capacity of 10,000 tons for multiple products, including MEA and DEA, all of which have passed environmental protection acceptance[103]. - The company completed a donation of 75 tons of fertilizer to support the potato planting industry in Xiaoxian County, contributing to poverty alleviation efforts[95]. - The company’s poverty alleviation plan was completed, and Xiaoxian County achieved its poverty alleviation goal in April 2020[99]. Legal and Compliance Issues - The company is involved in ongoing litigation related to a debt dispute with Yichang Jiahua Real Estate Co., Ltd., claiming CNY 43.4 million plus interest, with a court ruling allowing for property worth CNY 52.5 million to be used for debt compensation[75]. - The company has ongoing litigation regarding the performance compensation agreements, with the case currently under the jurisdiction of the Xinxiang Intermediate People's Court[79]. - The company has outstanding receivables of RMB 7,433,377.58 from Shandong Qiaochang Chemical Co., which has been in litigation since December 2019[80]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 84,560[116]. - The largest shareholder, China Agricultural Reclamation Group, holds 250,250,000 shares, accounting for 23.12% of total shares[116]. - The second largest shareholder, China Agricultural Development Group, holds 157,718,120 shares, representing 14.57% of total shares[116]. - The company confirmed that the freezing and pledging of shares by major shareholders will not affect its control or normal operations[119]. Accounting and Reporting - The company implemented new revenue recognition standards starting January 1, 2020, in accordance with the revised accounting policies issued by the Ministry of Finance[112]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[187]. - The accounting policies comply with enterprise accounting standards, reflecting the company's financial position and operating results accurately[188].

Financial Performance - In 2019, the company achieved a total operating revenue of CNY 5,135,725,233.60, representing a 49.02% increase compared to CNY 3,446,395,314.76 in 2018[25]. - The net profit attributable to shareholders of the listed company for 2019 was CNY 18,183,884.22, a decrease of 42.64% from CNY 31,702,742.05 in 2018[25]. - The company reported a net cash flow from operating activities of CNY 40,234,931.58, which is a 26.35% increase from CNY 31,842,961.21 in the previous year[25]. - As of the end of 2019, the total assets amounted to CNY 3,088,445,897.92, a slight decrease of 0.86% from CNY 3,115,360,970.13 at the end of 2018[25]. - The net assets attributable to shareholders of the listed company were CNY 1,440,282,629.05 at the end of 2019, reflecting a 1.31% increase from CNY 1,421,602,604.86 in 2018[25]. - The basic earnings per share for 2019 were CNY 0.0168, down 42.66% from CNY 0.0293 in 2018[26]. - The company reported a net profit of CNY -14,667,057.42 after deducting non-recurring gains and losses, an improvement of 18.81% from CNY -18,064,840.96 in 2018[25]. - The weighted average return on net assets was 1.27% for 2019, a decrease of 0.99 percentage points from 2.26% in 2018[29]. - The company achieved a revenue of 5.136 billion yuan in 2019, representing a year-on-year increase of 49.02%[50]. - The company reported a total revenue of 346,141.52 million yuan, with the top five customers accounting for 67.40% of total sales[73]. - The company’s total operating revenue for 2019 was approximately 5.136 billion yuan, with a net profit of approximately 45.3 million yuan[60]. Business Segments - The core business focuses on the R&D, production, and sales of crop seeds, with a significant emphasis on corn, rice, and wheat seeds[39]. - The fertilizer trading segment is primarily handled by a subsidiary, which is establishing its own brand and conducting product trials and technical services[42]. - The company has initiated a comprehensive agricultural service model, integrating seed, fertilizer, and pesticide sales[42]. - The company achieved operating revenue of CNY 5,135.73 million in 2019, an increase of 49.02% compared to the previous year[63]. - The agricultural trade segment generated revenue of CNY 4,119.08 million, up 76.25% from the previous year, while the gross margin decreased by 0.68 percentage points to 2.42%[65]. - The fertilizer trade business saw revenue of CNY 3,794.15 million, a 95.88% increase, with a gross margin of 0.75%[68]. - The company is focusing on market-oriented strategies, adjusting product structures, and increasing marketing efforts to stabilize sales in the rice seed business[89]. - The company is actively engaged in the research and promotion of wheat, corn, and rice varieties, with a total of 30 corn varieties, 23 rice varieties, and 30 wheat varieties in operation[116]. Market Conditions - The fertilizer industry is experiencing a slowdown in demand due to structural adjustments and environmental regulations, impacting overall market conditions[44]. - The pesticide industry is undergoing consolidation, with increased industry concentration as smaller firms exit the market due to regulatory pressures[47]. - The overall seed market remains oversupplied, leading to intensified competition and a challenging operating environment[96]. - The company is anticipating a competitive landscape in the seed market due to regulatory changes and increased foreign investment[132]. - The company is facing macro policy risks in the seed industry, which is influenced by national agricultural policies and market competition, leading to a decline in industry profits[144]. Research and Development - The company has established a strong research and development capability, with numerous national and provincial-level research platforms and a focus on innovative breeding techniques[48]. - The company introduced 41 new varieties approved at the national or provincial level in 2019, enhancing its competitive advantage[55]. - The company is actively pursuing technological innovation and research to strengthen its product offerings and adapt to market demands[95]. - The company has developed advanced breeding technologies, including male sterility techniques for maize and hybrid rice production[107]. - The company is committed to accelerating breeding processes through innovative techniques, significantly reducing breeding timelines[107]. Risk Management - The company has identified various macro policy risks and natural disaster risks that may impact future operations[8]. - The company is addressing natural disaster risks by improving seed quality control and diversifying production bases to mitigate potential impacts[145]. - The company plans to strengthen risk management and refine its management system to ensure stable operations and improve operational efficiency[144]. - The company is committed to improving safety and environmental management to mitigate risks associated with hazardous materials used in production[149]. Legal and Compliance Issues - The company is currently facing significant litigation matters, including a debt dispute involving its subsidiary Hua Kan Company[172]. - The company has initiated legal actions to recover debts totaling 2.28 million yuan from Guo Wenjiang, with the court having taken preservation measures on related assets[175]. - The company is involved in ongoing litigation regarding the performance compensation measures agreement, with claims of at least 17.97 million yuan in bad debt provisions[177]. - The company has taken steps to ensure the recovery of debts through legal channels, including asset preservation and additional claims against involved parties[176]. Strategic Initiatives - The company is actively pursuing mergers and acquisitions to expand its industry layout and enhance its competitive position[148]. - The company is exploring innovative marketing models and integrated services to adapt to changing market conditions and enhance customer engagement[143]. - The company aims to integrate internal resources and enhance its R&D capabilities to develop new seed varieties that meet market demands[146]. - The company is focusing on enhancing its agricultural service system and marketing strategies to improve brand influence and market share[143].

2020 年第一季度报告 公司代码：600313 公司简称：农发种业 中农发种业集团股份有限公司 2020 年第一季度报告 1 / 20 2020 年第一季度报告 一、 二、 11Í 四、 | --- | |----------------| | 目录 | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 20 2020 年第一季度报告 单位：元 币种：人民币 3 / 20 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陈章瑞、主管会计工作负责人于雪冬及会计机构负责人（会计主管人员）顾军保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-------------------------------------------------| ...