证券代码：600313 证券简称：农发种业 公告编号：临 2023-028 中农发种业集团股份有限公司 关于召开 2023 年半年度业绩说明会的公告 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法律责任。 重要内容提示： 投资者可于 2023 年 7 月 28 日(星期五) 至 8 月 3 日(星期四)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱（zhongnongfazh ongye@163.com）进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 中农发种业集团股份有限公司（以下简称"公司"）于 2023 年 7 月 28 日发 布公司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年半 年度经营成果、财务状况，公司计划于 2023 年 8 月 4 日上午 10:00-11:00 举行 2023 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2023 年半年度的经营 成果及财务指标的具体情况与 ...

Financial Performance - The company's operating revenue for Q1 2023 reached ¥1,216,816,251.24, representing a year-on-year increase of 25.53%[5] - Net profit attributable to shareholders was ¥39,106,521.34, marking a significant increase of 105.90% compared to the same period last year[5] - The basic earnings per share (EPS) was ¥0.0361, reflecting a growth of 105.11% year-on-year[5] - Total operating revenue for Q1 2023 reached ¥1,216,816,251.24, a 25.5% increase from ¥969,328,386.48 in Q1 2022[18] - Net profit for Q1 2023 was ¥58,238,376.68, representing a 102.5% increase compared to ¥28,709,600.30 in Q1 2022[20] - Total comprehensive income for Q1 2023 was ¥58,238,376.68, compared to ¥28,709,600.30 in Q1 2022, reflecting strong financial performance[20] Cash Flow - The net cash flow from operating activities was ¥118,272,309.29, showing a year-on-year increase of 6.59%[5] - Cash flow from operating activities for Q1 2023 was ¥118,272,309.29, slightly up from ¥110,956,029.60 in Q1 2022[22] - Cash inflow from operating activities totaled ¥1,434,070,558.36 in Q1 2023, compared to ¥758,018,413.50 in Q1 2022, marking an increase of 89.0%[22] - The net cash flow from investment activities was -$277.63 million, a significant decrease compared to -$26.99 million in the previous year[23] - Cash inflow from financing activities totaled $290.01 million, a substantial increase from $3.00 million in the same period last year[23] - The net cash flow from financing activities was $263.45 million, contrasting with a net outflow of -$54.89 million in the previous year[23] - The total cash and cash equivalents at the end of the period reached $903.45 million, up from $642.40 million year-over-year[23] - The net increase in cash and cash equivalents for the period was $104.09 million, compared to $29.07 million in the previous year[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,162,864,980.09, up 3.95% from the end of the previous year[6] - The equity attributable to shareholders increased to ¥1,776,281,936.57, a rise of 2.29% compared to the previous year-end[6] - The company's total liabilities amounted to RMB 1,522,397,353.62, compared to RMB 1,422,200,908.50, indicating an increase of approximately 7.05%[16] - The company's total equity increased to RMB 2,640,467,626.47 from RMB 2,582,308,723.15, marking a growth of around 2.25%[16] - The total current liabilities decreased to RMB 1,084,680,869.70 from RMB 1,207,135,676.03, representing a reduction of approximately 10.16%[15] Inventory and Receivables - The company's inventory stood at RMB 830,368,963.40, down from RMB 874,154,784.91, reflecting a decrease of about 5.00%[15] - The accounts receivable increased to RMB 310,999,647.09 from RMB 248,292,952.16, showing a rise of approximately 25.25%[14] Investments and Borrowings - The company's long-term borrowings rose to RMB 48,500,000.00 from RMB 38,500,000.00, an increase of about 26.00%[16] - The company reported non-recurring gains and losses totaling ¥8,124,056.89 for the period[8] - The company reported a significant increase in trading financial assets, which rose to RMB 295,168,783.00 from RMB 32,728,683.00, reflecting a growth of approximately 803.00%[14] Research and Development - Research and development expenses for Q1 2023 were ¥17,753,485.02, significantly higher than ¥6,069,503.55 in Q1 2022, indicating a focus on innovation[19] Shareholder Information - The company had a total of 167,504 common shareholders at the end of the reporting period[10] Other Information - The company has not reported any new product developments or market expansion strategies in the current quarter[13] - The company did not report any net profit from subsidiaries under common control during the period[21] - The company did not apply new accounting standards or interpretations for the first quarter of 2023[24]

Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of RMB 230,072,008.43, a significant increase of 533.61% compared to RMB 36,311,046.51 in 2021[5]. - The total operating revenue for 2022 was RMB 5,248,262,957.72, representing a year-on-year growth of 39.42% from RMB 3,764,392,752.13 in 2021[21]. - The company's total assets increased by 19.05% to RMB 4,004,509,631.65 at the end of 2022, compared to RMB 3,363,747,553.55 at the end of 2021[21]. - The net asset attributable to shareholders rose to RMB 1,736,590,303.02, marking a 15.48% increase from RMB 1,503,827,917.24 in the previous year[21]. - Basic earnings per share for 2022 were RMB 0.2126, up 532.74% from RMB 0.0336 in 2021[22]. - The company reported a cash flow from operating activities of RMB 22,779,736.41, a slight decrease of 4.01% compared to RMB 23,732,593.27 in 2021[21]. - The weighted average return on net assets increased to 14.21%, up 11.77 percentage points from 2.44% in 2021[22]. - The net profit after deducting non-recurring gains and losses was RMB 50,086,468.38, a 320.03% increase from RMB 11,924,482.40 in 2021[21]. Revenue Breakdown - The seed business generated 983 million RMB in revenue, with a growth of 5.03% year-on-year[29]. - The pesticide business saw a significant increase in revenue, reaching 866 million RMB, which is a 98.07% increase compared to the previous year[30]. - The fertilizer trading business reported an operating revenue of 2.477 billion RMB, marking a year-on-year growth of 35.13%[31]. - The order grain trading business achieved 880 million RMB in revenue, reflecting a 91.70% increase year-on-year, with a gross profit of 59.79 million RMB, up 153.67%[31]. - The company’s wheat seed revenue was 501 million RMB, showing a decline of 4.15% due to lower seed replacement rates[29]. - The corn seed revenue reached 271 million RMB, with a year-on-year growth of 24.22% attributed to the acquisition of Gansu Xingda and increased market expansion efforts[30]. - The rice seed revenue was 141 million RMB, growing by 9.39% due to rising prices and enhanced promotion efforts[30]. Research and Development - In 2022, the company launched 21 R&D projects, including key technologies in space mutation breeding and transgenic crops[32]. - The company registered 25 new crop varieties, including 4 wheat, 10 corn, and 11 rice varieties, enhancing its competitive advantage[32]. - The company established 3 provincial engineering research centers and 1 demonstration base for new crop varieties in 2022[32]. - The company has established a comprehensive research and development system, focusing on conventional breeding and supplemented by biotechnology, with a network of testing platforms for maize, wheat, and rice across major ecological zones[50]. Market Position and Strategy - The company is a leading player in the seed industry, recognized as a AAA credit enterprise and a key support entity for national crop seed development, particularly in wheat, rice, and maize[48]. - The company aims to integrate agricultural inputs, focusing on seed, pesticide, and fertilizer synergy to enhance core competitiveness[88]. - The company plans to establish national-level seed production bases for corn, wheat, and soybeans, enhancing mechanization and green production techniques[90]. - The company is exploring the development of a full industry chain platform centered on seed production to support agricultural transformation and upgrade[90]. Governance and Management - The company has established a governance structure that ensures equal treatment of all shareholders, particularly minority shareholders[104]. - The board of directors and supervisory board operate independently and in compliance with regulatory requirements[104]. - The company maintains effective communication with investors through various channels, ensuring timely and accurate information dissemination[106]. - The company has a clear compensation policy for directors and senior management, with a focus on performance-based incentives[132]. Environmental and Social Responsibility - The company has invested a total of 40.95 million yuan in poverty alleviation and rural revitalization projects, including 4 million yuan in cash donations and 36.95 million yuan in material support[159]. - The company is committed to environmental protection and safety production, implementing safety responsibility systems and managing waste effectively[158]. - The company has successfully implemented various pollution control measures, including LDAR leak detection and repair, which have contributed to reduced emissions across all monitored pollutants[150]. - The company has committed to carbon reduction initiatives, including optimizing production processes and upgrading high-energy-consuming equipment, contributing to overall sustainability efforts[156]. Risks and Challenges - The company has outlined potential risks in its future development strategies, emphasizing the importance of risk awareness for investors[6]. - The company faces risks in seed variety research and development due to long cycles, high funding requirements, and potential misalignment with market demands[99]. - Safety and environmental risks are associated with the production processes involving hazardous materials, necessitating strict safety protocols and emergency response plans[101]. Financial Management - The company has engaged in various principal-protected financial management products, with a total investment amount of 5,000.00 million RMB across multiple transactions[194]. - The company has utilized self-owned funds for all financial management activities, ensuring control over investment decisions[194]. - The company has a diverse portfolio of financial products with varying maturity dates, ensuring liquidity and flexibility in cash management[194].

本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 证券代码：600313 证券简称：农发种业 公告编号：临 2023-015 （一） 会议召开时间：2023 年 3 月 31 日上午 10:00-11:00 中农发种业集团股份有限公司 关于召开 2022 年度业绩说明会的公告 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法律责任。 重要内容提示： 投资者可于 2023 年 3 月 24 日(星期五) 至 3 月 30 日(星期四)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱（zhongnongfa zhongye@163.com）进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 中农发种业集团股份有限公司（以下简称"公司"）于 2022 年 3 月 22 日发 布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 202 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,367,417,585.38, representing an increase of 82.34% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2022 was CNY 25,088,120.49, a significant increase of 2,072.67% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was CNY 19,160,891.67, up 634.38% from the previous year[6] - The basic earnings per share for Q3 2022 was CNY 0.0232, reflecting an increase of 2,033.33% compared to the same period last year[8] - Net profit for the third quarter of 2022 was CNY 118,740,993.72, a significant recovery from a net loss of CNY 13,093,222.06 in the previous year[33] - The company's operating profit for the third quarter was CNY 157,799,600.14, a recovery from an operating loss of CNY 11,257,293.10 in the previous year[33] - The total comprehensive income for the period was CNY 118,740,993.72, a decrease of CNY 12,668,135.50 compared to the previous period[36] Assets and Liabilities - The total assets at the end of Q3 2022 were CNY 4,151,775,766.95, an increase of 23.43% from the end of the previous year[8] - The total liabilities increased to CNY 1,800,530,462.72, up from CNY 1,122,552,454.93, reflecting a growth of 60.5%[31] - The total equity attributable to shareholders at the end of Q3 2022 was CNY 1,575,950,010.36, a 4.80% increase from the end of the previous year[8] - The company's total equity reached CNY 2,351,245,304.23, compared to CNY 2,241,195,098.62, indicating an increase of 4.9%[31] - The company reported a total current liabilities of CNY 1.02 billion, which is a significant increase compared to the previous year[26] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY -57,846,442.06, showing an increase of 81.72% compared to the same period last year[8] - The net cash flow from operating activities was CNY -57,846,442.06, an improvement from CNY -316,461,409.35 in the previous period[40] - Cash received from sales of goods and services amounted to CNY 3,956,833,222.55, up from CNY 3,358,148,496.64 in the same period last year[40] - The net cash flow from investing activities was CNY -150,848,714.43, worsening from CNY -53,561,723.30 in the previous period[40] - The company raised CNY 427,500,000.00 from financing activities, compared to CNY 196,000,000.00 in the previous period[42] Operational Metrics - The company attributed the revenue growth primarily to increased sales in seeds, pesticides, and order agriculture[15] - Research and development expenses for the third quarter amounted to CNY 31,438,783.92, up 32.8% from CNY 23,669,680.13 in the same quarter of 2021[31] - The total cost of operations for the first three quarters was CNY 3,663,176,363.72, an increase of 29.3% from CNY 2,832,253,931.45 in 2021[31] - The company's cash and cash equivalents decreased to CNY 584.72 million from CNY 629.24 million, a decline of approximately 7.1% year-over-year[23] - Accounts receivable increased significantly to CNY 311.45 million, up from CNY 245.80 million, reflecting a growth of about 26.6%[23] Shareholder Information - The company reported non-recurring gains of CNY 5,927,228.82 for Q3 2022, with a total of CNY 12,406,942.97 for the year-to-date[12] - The company paid CNY 10,787,163.73 in dividends, slightly up from CNY 9,769,375.68 in the previous period[42] - Basic and diluted earnings per share were CNY 0.0665, a decrease of CNY 0.0044 from the previous period[36] Development and Expenditures - The company’s development expenditures increased to CNY 33.01 million, up from CNY 21.44 million, reflecting a growth of about 54%[26] - The company’s long-term equity investments remained stable at approximately CNY 19.76 million, showing minimal change from the previous year[26] - The company’s total non-current assets slightly decreased to CNY 1.34 billion from CNY 1.36 billion, a decline of about 1.9%[26]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,435,620,407.44, representing an increase of 18.57% compared to CNY 2,054,210,962.64 in the same period last year [23]. - The net profit attributable to shareholders of the listed company reached CNY 46,840,651.87, a significant turnaround from a loss of CNY 3,512,184.00 in the previous year, marking an increase of 1,433.66% [23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 40,360,937.72, compared to a loss of CNY 10,708,649.39 in the same period last year, reflecting a growth of 476.90% [23]. - The net cash flow from operating activities improved to -CNY 132,279,775.45, an increase of 21.46% from -CNY 168,422,854.42 in the previous year [23]. - The total assets of the company at the end of the reporting period were CNY 3,673,950,458.70, up 9.22% from CNY 3,363,747,553.55 at the end of the previous year [23]. - The net assets attributable to shareholders of the listed company increased to CNY 1,551,067,811.52, a rise of 3.14% from CNY 1,503,827,917.24 at the end of the previous year [23]. - Basic earnings per share for the first half of 2022 were CNY 0.0433, compared to a loss of CNY 0.0032 in the same period last year, representing an increase of 1,453.13% [23]. - The weighted average return on net assets was 3.07%, an increase of 3.31 percentage points from -0.24% in the previous year [23]. Business Operations - The company’s main business includes the research, production, and sales of crop seeds, with a focus on corn, rice, and wheat seeds [30]. - The company has established a comprehensive commercial R&D system and a regional testing platform for wheat and rice [30]. - The fertilizer trading business is primarily conducted by Huakan Company, focusing on high-quality compound fertilizers and green efficient special fertilizers [33]. - The company is positioned as a leading player in the seed industry, with a AAA credit rating and several subsidiaries recognized as key credit enterprises [32]. - The agricultural sector is experiencing a shift towards integrated agricultural services, with the company adapting to provide comprehensive services to new agricultural operators [32]. - The demand for feed corn and deep-processing corn has expanded, leading to an increase in corn prices during the reporting period [32]. - The company is actively involved in the national seed industry revitalization actions, benefiting from favorable policies aimed at enhancing agricultural production and seed quality [32]. - In the first half of 2022, the global fertilizer market faced supply constraints and price increases due to geopolitical conflicts and the COVID-19 pandemic, leading to a significant rise in domestic fertilizer prices [34]. - The price of potassium fertilizer imports reached a historical high in 2022, driven by limited global supply due to the Russia-Ukraine conflict [36]. Risk Management - The report includes a risk statement regarding macro policy risks and natural disaster risks that the company may face [7]. - The company faces risks from rising land leasing costs and adjustments in planting structures due to national policies, impacting the seed industry [60]. - The company plans to enhance its seed quality control system and improve disaster resistance capabilities to mitigate risks from natural disasters [61]. - The company aims to increase R&D investment and strengthen cooperation with research institutions to address risks related to variety development [62]. Environmental Compliance - The company is committed to safety and environmental protection, implementing comprehensive management measures to prevent accidents and environmental incidents [67]. - The company’s subsidiary, Henan Agricultural Chemical, is listed as a key pollutant discharge unit by environmental protection authorities [74]. - The total emissions of NOx from the company were recorded at 2.365 tons, with a compliance rate of 100% against the national standards [77]. - The company reported a total wastewater discharge of 7.4079 tons for COD, with a compliance rate of 100% [79]. - 河南农化通过优化生产工艺，降低了污水排放量，废水各项指标均达标排放 [81]. - 河南农化新建的焚烧炉装置提升了固废处理能力，提高了企业效益 [81]. - 河南农化目前建设有年产1万吨2-甲基-6-乙基苯胺（MEA）、年产1万吨2,6-二乙基苯胺（DEA）、年产1万吨乙草胺、年产1000吨喹草酸装置，均已通过建设项目环境保护竣工验收 [82]. - 河南农化制定了环境自行监测方案，包括7套尾气处理装置和5套废气在线监测系统 [84]. - 河南农化的废水在线监测系统每小时自动监测一次，确保废水污染因子的合规性 [86]. Corporate Governance - The company has not disclosed any plans for new products, technologies, market expansion, or mergers and acquisitions in the report [6]. - There were no changes in the management team during the reporting period [72]. - The company has not initiated any employee stock ownership plans or other incentive measures [72]. - The company has not announced any market expansion or acquisition strategies in the recent reports [71]. - The company has made progress in its three-year state-owned enterprise reform action plan, enhancing management and operational efficiency [44]. - The company has implemented a comprehensive compliance management system, including the issuance of compliance handbooks and risk self-assessments [45]. Legal Matters - The company is involved in significant litigation regarding debt recovery, including a claim for RMB 43.4 million against Yichang Jiahua Real Estate Co., Ltd. since 2006, with no substantial progress reported [108]. - The company has initiated legal action against Guo Wenjiang for unpaid performance compensation related to Henan Agricultural Chemical's unfulfilled profit commitments for 2016 and 2017, with a court ruling in December 2021 requiring payment of the remaining compensation [108]. - The company has received partial debt repayments from Guo Wenjiang, including RMB 67.98 million in December 2021 and other amounts in previous years [110]. - The company has reported that the performance commitments of its subsidiaries have not been met in several instances, leading to legal actions for compensation [105]. - The company has ongoing litigation regarding a debt of RMB 3,612,240.86 owed by Guo Wenjiang and others, with the case currently accepted by the court [112]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 196,440 [125]. - The largest shareholder, China Agricultural Reclamation Group, holds 250,250,000 shares, representing 23.12% of the total shares [127]. - The second largest shareholder, China Agricultural Development Group, holds 157,718,120 shares, representing 14.57% of the total shares [127]. - The company has not reported any changes in its share capital structure during the reporting period [124]. - The company has provided a total of RMB 50 million in guarantees to its subsidiaries during the reporting period [122]. Research and Development - The company has established research stations in multiple countries, including Bangladesh and Indonesia, to support its breeding programs [39]. - The company’s wheat seed sales rank among the top in the country, with significant advancements in the development of weak gluten and drought-resistant wheat varieties [39]. - The company has been recognized as a "Beijing Agricultural Industrialization Technology Innovation Demonstration Leading Enterprise" for its technological achievements [43]. - The company is actively expanding its product line to include high-quality green fertilizers and specialized fertilizers, enhancing its market position [37]. - Research and development expenses for the first half of 2022 were CNY 15,217,848.37, a slight decrease from CNY 16,261,712.94 in the previous year [150].

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].