证券代码: 600354 证券简称：敦煌种业 编号：临 2023-023 甘肃省敦煌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个别及连带责任。 重要内容提示： 会议召开时间：2023年6月14日(星期三) 上午10:00-11:00 会议召开地点：上海证券交易所上证路演中心（ 网址 http://roadshow.sseinfo.com/) 会议召开方式： 上证路演中心网络互动 投资者可于 2023年6月7日(星期三)至6月13日(星期二)16:00前 登录上证路演中心网站首页点击"提问预征集"栏目或公司邮箱 dhzyyj@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。 甘肃省敦煌种业集团股份有限公司（以下简称"公司"）已于 2023年4月20日披露了公司2022年年度报告，为便于广大投资者更加 全面深入地了解公司2022年度经营成果、财务状况，公司计划于 2023年6月14日上午10:00-11:00举行2022年度业绩说明会，就投资 者关心的 ...

Financial Performance - The company's operating revenue for Q1 2023 reached ¥351,206,675.36, representing a year-on-year increase of 70.27%[3] - The net profit attributable to shareholders was ¥24,680,371.34, marking a significant increase of 208.42% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,843,824.14, reflecting a substantial increase of 338.45%[3] - The basic earnings per share for the period was ¥0.0468, up by 207.89% year-on-year[3] - The net profit for Q1 2023 was CNY 59,425,508.44, a significant increase from CNY 30,693,775.49 in Q1 2022, representing a growth of approximately 93.8%[17] - The operating profit for Q1 2023 reached CNY 84,385,807.57, compared to CNY 29,569,916.04 in the same period last year, indicating a year-over-year increase of about 185.5%[17] - The total comprehensive income attributable to the parent company was CNY 24,680,371.34, compared to CNY 8,002,070.73 in the same quarter last year, representing a growth of approximately 208.5%[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,881,169,399.19, a decrease of 3.39% from the end of the previous year[4] - Total assets amounted to CNY 1,881,169,399.19 as of March 31, 2023, a decrease from CNY 1,947,139,674.14 at the end of 2022[15] - Total liabilities decreased to CNY 1,145,570,518.65 in Q1 2023, down from CNY 1,217,066,302.04 at the end of 2022[14] - The company reported a total equity of CNY 735,598,880.54 as of March 31, 2023, compared to CNY 730,073,372.10 at the end of 2022[15] - The equity attributable to shareholders increased to ¥664,945,804.68, which is a rise of 3.85% compared to the previous year-end[4] Cash Flow - The net cash flow from operating activities was ¥31,407,610.24, with no applicable year-on-year comparison[3] - Cash flow from operating activities generated a net inflow of CNY 31,407,610.24, a turnaround from a net outflow of CNY 16,902,447.36 in Q1 2022[19] - The net cash outflow from investing activities was CNY -5,155,407.81, compared to CNY -1,784,494.94 in Q1 2022, indicating increased investment activity[19] - The net cash inflow from financing activities was CNY 40,687,227.24, an increase from CNY 20,507,698.57 in the same quarter last year, showing improved financing conditions[19] Shareholder Information - The company had a total of 84,199 common shareholders at the end of the reporting period[9] - The top shareholder, Jiuquan Modern Agriculture (Holding) Group Co., Ltd., held 68,170,168 shares, accounting for 12.92% of the total shares[9] Costs and Expenses - Total operating costs for Q1 2023 were CNY 264,045,490.15, up 49.8% from CNY 176,268,219.62 in Q1 2022[15] - Research and development expenses for Q1 2023 were CNY 1,998,248.57, slightly down from CNY 2,106,798.94 in Q1 2022[15] Other Financial Metrics - The weighted average return on equity was 3.78%, an increase of 2.49 percentage points from the previous year[3] - Cash and cash equivalents increased to CNY 834,293,307.63 as of March 31, 2023, compared to CNY 765,473,238.55 at the end of 2022, reflecting a growth of 9.0%[12] - Accounts receivable rose to CNY 119,245,813.45 in Q1 2023, up 53.6% from CNY 77,551,534.72 at the end of 2022[12] - Inventory decreased to CNY 196,522,314.66 in Q1 2023, down 46.0% from CNY 363,573,564.67 in Q1 2022[13] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 801,779,933.68, up from CNY 484,941,931.78 at the end of Q1 2022, indicating an increase of about 65.2%[19] - The company incurred a credit impairment loss of CNY -6,115,343.90, compared to CNY -3,953,321.02 in the previous year, reflecting a deterioration in credit quality[17]

Financial Performance - In 2022, the company achieved a net profit of CNY 63,601,812.92, with a net profit attributable to shareholders of CNY 20,009,529.61, representing a 121.07% increase compared to the previous year[6]. - The company's operating income for 2022 was CNY 1,004,680,753.38, reflecting an 8.95% increase from CNY 922,131,315.29 in 2021[19]. - The net cash flow from operating activities increased by 202.22% to CNY 337,481,295.63, up from CNY 111,667,157.93 in 2021[19]. - The total assets of the company rose to CNY 1,947,139,674.14, a 22.65% increase from CNY 1,587,544,580.37 in 2021[19]. - The company's net assets attributable to shareholders increased by 3.93% to CNY 640,265,433.34 compared to CNY 616,058,754.18 in 2021[19]. - Basic earnings per share for 2022 were CNY 0.0379, a 120.35% increase from CNY 0.0172 in 2021[20]. - The company reported a negative retained earnings balance of CNY -872,090,586.49 at the end of the reporting period[6]. - The company did not declare any profit distribution for the reporting period due to negative retained earnings[6]. Segment Performance - The seed industry segment generated revenue of CNY 738.44 million, up 21.93% from the previous year, with a net profit of CNY 129 million, an increase of 75.3%[28]. - The food and trade segment reported revenue of CNY 158.32 million, a decrease of 20.72% year-on-year, resulting in a net loss of CNY 20.99 million[29]. - The seed segment generated revenue of CNY 738.44 million, with a gross margin of 29.25%, reflecting an increase of 3.39 percentage points year-on-year[36]. - The food and trade segment reported revenue of CNY 158.32 million, with a gross margin of 11.85%, down by 3.31 percentage points from the previous year[36]. Research and Development - Research and development expenses increased by 32.47% to CNY 19.64 million, driven by heightened R&D activities[35]. - The company invested 20,644,072.04 in R&D expenses during the current period, with a capitalized R&D investment of 8,613,736.30[45]. - The number of R&D personnel is 56, with a significant portion holding advanced degrees, including 1 PhD and 5 Master's degrees[46]. - The company has established partnerships with leading research institutions to advance high-tech breeding techniques, including gene editing and transgenic varieties[28]. Market and Industry Trends - The overall seed industry faced a 0.6% decline in planting area, with a significant increase in production costs by approximately 20%[30]. - The food and trade industry is undergoing transformation and product structure adjustment due to rising costs and intensified competition[31]. - The national seed industry revitalization policy has been continuously promoted, with significant support from government initiatives aimed at enhancing agricultural productivity[60]. - The new seed law implemented in March 2022 strengthens the protection of intellectual property rights for independently developed seed varieties, encouraging innovation in crop breeding[61]. Governance and Management - The board of directors consists of 9 members, including 3 independent directors, ensuring effective governance and decision-making processes[74]. - The company has established a transparent performance evaluation and incentive mechanism for its management team, linking compensation to performance[75]. - The company has conducted 3 shareholder meetings and 7 board meetings during the reporting period, maintaining compliance with governance regulations[73]. - The company has appointed new executives, including a new chairman and financial director, following recent resignations[86]. Social Responsibility - The company donated a total of 835,300 yuan for various charitable projects, benefiting over 210,000 people[103]. - The company helped local farmers generate an income of 550 million yuan, promoting rural revitalization[106]. - The company implemented a technology assistance project, establishing 2 demonstration sites for 5 new forage varieties over an area of 45 acres, leading to an expansion of 2,000 acres of new forage planting by surrounding farmers[108]. Financial Position and Assets - The total assets as of December 31, 2022, amounted to CNY 1,947.14 million, with net assets attributable to shareholders at CNY 640.27 million[33]. - The company's cash and cash equivalents increased to 765,473,238.55, representing 39.31% of total assets, up from 32.44% in the previous period[49]. - The accounts receivable balance as of December 31, 2022, was 325.37 million RMB, with a bad debt provision of 247.82 million RMB, leading to a net book value of 77.55 million RMB, representing 3.98% of total assets[138]. - The company's total liabilities were RMB 1,360,204,552.49, reflecting a significant increase in financial obligations compared to the previous year[145]. Future Outlook - Future outlook indicates a commitment to increasing operational efficiency and profitability through innovation and market expansion strategies[57]. - The company plans to enhance its market presence through strategic acquisitions and partnerships in the agricultural sector[57]. - The company aims to improve its financial stability by addressing the negative retained earnings in the next fiscal year[172]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming year[169].

2022 年第三季度报告 证券代码：600354 证券简称：敦煌种业 甘肃省敦煌种业集团股份有限公司 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 | 项目 | | 本报告期 | 本报告期比 上年同期增 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | --- | | | | | 减变动幅度 | | 增减变动幅度 | | | | | (%) | | (%) | | 营业收入 | | 93,623,873.58 | 11.06 | 403,063,60 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 309,439,732.68, a decrease of 13.23% compared to CNY 356,623,851.11 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of CNY 6,369,679.48, compared to a loss of CNY 4,104,751.73 in the previous year[19]. - The net cash flow from operating activities was a negative CNY 18,079,938.41, an improvement from a negative CNY 42,992,224.97 in the same period last year[19]. - The total assets at the end of the reporting period were CNY 1,576,164,051.86, a decrease of 0.72% from CNY 1,587,544,580.37 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were CNY 613,044,774.70, down 0.49% from CNY 616,058,754.18 at the end of the previous year[19]. - The basic earnings per share for the first half of 2022 was -CNY 0.0121, compared to -CNY 0.0078 in the same period last year[20]. - The weighted average return on net assets was -1.04% for the first half of 2022, compared to -0.67% in the previous year[20]. - The company reported a net loss of CNY 11,545,762.39 after deducting non-recurring gains and losses, compared to a loss of CNY 22,669,179.77 in the same period last year[19]. Revenue Breakdown - The seed industry achieved revenue of 225.3 million yuan, an increase of 1.8 million yuan year-on-year, with a net profit of 44.995 million yuan, up 71.47% year-on-year[25]. - The food and trade sector reported revenue of 65.236 million yuan, a decrease of 11.53% year-on-year, resulting in a net loss of 8.6807 million yuan, although this represented an improvement of 6.2466 million yuan compared to the previous year[26]. - The seed industry accounted for 72.81% of total revenue, while the food and trade sector contributed 21.08%[24]. Cost Management - Operating costs decreased by 21.47% to 210.48 million yuan from 268.02 million yuan year-on-year[29]. - Financial expenses were reduced by 40.09% to 6.95 million yuan, down from 11.59 million yuan in the previous year[29]. Cash Flow and Financing - The company’s cash flow from operating activities improved, with a net cash flow of -18.08 million yuan, compared to -42.99 million yuan in the previous year[29]. - The company’s financing activities generated a net cash flow of 70.82 million yuan, compared to -18.77 million yuan in the previous year[29]. - The company raised ¥350,000,000.00 through borrowings, compared to ¥229,437,800.00 in the previous period, indicating increased financing activities[83]. - The net cash flow from financing activities was ¥142,211,706.80, up from ¥52,428,315.49 in the previous period, reflecting stronger capital management[83]. Inventory and Receivables - The company’s accounts receivable decreased by 39.89% to 61.38 million yuan, down from 102.11 million yuan year-on-year[29]. - Prepayments decreased to ¥140.54 million, a 8.92% decrease compared to the end of last year[30]. - Inventory decreased to ¥187.26 million, a 38.01% decrease compared to the end of last year[30]. Environmental and Social Responsibility - The company has made investments in environmental protection measures, including the installation of desulfurization and dust removal devices in its facilities to comply with regulations[41]. - The company has successfully upgraded its wastewater treatment facilities to meet national and local discharge standards[41]. - The company has continued to support poverty alleviation efforts, ensuring that 28 individuals from 5 households achieved an average net income increase of over 10% compared to the previous year[44]. - The company has actively engaged in technology assistance, promoting 5 new high-yield forage varieties over an area of 45 acres, which has led to the cultivation of 2,000 acres[44]. - The company has provided 2,770 job opportunities for local farmers, resulting in an average income increase of 2,100 RMB per person, effectively driving local income growth and rural revitalization[44]. Corporate Governance - There were changes in the board of directors, with a new chairman elected following the resignation of the previous chairman[38]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[42]. - The company has not reported any significant changes or issues related to its annual report audit[50]. Risk Management - The company has identified potential risks in its future development, which are detailed in the management discussion and analysis section of the report[7]. - The company faces market risks due to intense competition in the seed industry and an oversupply situation, prompting the establishment of the Gansu Province Corn Seed Research Institute to enhance R&D capabilities[34]. - The COVID-19 pandemic significantly impacted the export sales of food processing products, leading the company to focus on expanding domestic sales[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 82,540[56]. - The largest shareholder, Jiuquan Modern Agriculture (Holding Group) Co., Ltd., held 68,170,168 shares, accounting for 12.92% of the total shares[58]. - Jiangsu Rongzhuo Investment Co., Ltd. held 55,000,000 shares, representing 10.42% of the total shares[59]. - The top ten shareholders did not experience any changes in their holdings during the reporting period[58]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, in accordance with the relevant accounting standards[106]. - The company has not reported any changes in accounting policies or estimates during the reporting period[108]. - The company’s accounting currency is Renminbi (RMB)[112]. Taxation and Subsidies - The company benefits from various tax rates, including a 25% corporate income tax rate, with certain agricultural products exempt from VAT and corporate income tax[194]. - The company’s subsidiaries are exempt from corporate income tax for income derived from agricultural product breeding and initial processing of cotton, as approved by local tax authorities[196]. - The company received government subsidies related to daily activities, which are recognized as other income, while unrelated subsidies are recorded as non-operating income[188].

Financial Performance - In 2021, the company achieved a net profit of CNY 42,041,503.37, with a net profit attributable to shareholders of CNY 9,051,140.60, representing a decrease of 69.36% compared to the previous year[5]. - The company's operating revenue for 2021 was CNY 922,131,315.29, down 3.36% from CNY 954,210,631.49 in 2020[20]. - The basic earnings per share decreased by 69.29% to CNY 0.0172 from CNY 0.0560 in 2020[22]. - The net cash flow from operating activities was CNY 111,667,157.93, a decrease of 5.86% compared to CNY 118,617,083.99 in 2020[20]. - The company reported a net loss of CNY 44,063,149.87 for the parent company in 2021, leading to a cumulative undistributed profit of CNY -973,336,748.07 at the end of the reporting period[5]. - The company did not propose any profit distribution for the reporting period due to the negative retained earnings[5]. - The weighted average return on equity decreased to 1.48% from 5.37% in the previous year, reflecting a decline of 3.89 percentage points[22]. - Non-recurring gains totaled 32.77 million RMB in 2021, significantly lower than the previous year's 174.52 million RMB[27]. - The company reported a total revenue of 10,612 million for the year, with a year-on-year increase of 11%[78]. - The company reported a total comprehensive income of CNY 40.28 million for 2021, compared to CNY 25.38 million in 2020, an increase of 58.6%[155]. Revenue Breakdown - The seed industry achieved a revenue of 605.637 million RMB in 2021, representing a growth of 55.39% compared to the previous year[29]. - The food and trade industry reported a revenue of 199.6872 million RMB in 2021, a decrease of 59.91% year-on-year due to the impact of the COVID-19 pandemic and rising costs[30]. - The company's seed industry revenue accounted for 66% of total revenue, while the food and trade segment contributed 21.65%[34]. - During the reporting period, the company produced 4,638 million kg of seeds and sold 6,243 million kg, reflecting a production increase of 31.51% and a sales increase of 35.95% compared to the previous year[40]. Cost and Expenses - The overall operating revenue decreased by 3.36% to 922,131,315.29 RMB, while operating costs decreased by 11.63% to 724,472,735.84 RMB[38]. - Research and development expenses increased by 109.39% to 14,824,329.01 RMB, indicating a focus on innovation and product development[38]. - The gross margin for dehydrated vegetable products decreased by approximately 10% year-on-year, leading to operational losses in this segment[30]. - The food and trade segment saw a significant decline in revenue, with a 59.91% decrease in gross profit margin, resulting in a gross profit margin of 15.16%[38]. - The company’s financial expenses totaled 22,889,617.05 CNY, down from 35,782,201.54 CNY in the previous year[45]. Market and Industry Trends - The corn planting area in China increased to 64.4 million acres in 2021, with a total production of 274 million tons, reflecting growth rates of 4.2% and 5.1% respectively[32]. - The company anticipates a growing market for functional foods, particularly tomato and onion powder products, driven by increasing health awareness among consumers[63][64]. - The company faces market risks due to accelerated variety updates and intense competition, with strategies in place to enhance research and marketing efforts[67]. - The impact of the COVID-19 pandemic on food product exports has been significant, prompting the company to adapt its sales strategies accordingly[67]. Strategic Initiatives - The company implemented cost control measures and precision marketing to improve operational efficiency amid fierce market competition[29]. - The company aims to enhance product quality and adjust the internal and external sales structure to increase product added value[34]. - The company is actively pursuing innovation to drive industry transformation and upgrade its business model[34]. - The company plans to focus on expanding its seed industry, improving operational quality, and enhancing risk management in the food trade sector in 2022[65][66]. - The company aims to improve operational efficiency by 10% through digital transformation initiatives[80]. Governance and Compliance - The company held 5 supervisory board meetings during the reporting period, ensuring compliance with laws and regulations to protect shareholder interests[71]. - The company has established a fair and transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, linking their income to performance[71]. - The company revised its insider information management system during the reporting period to enhance confidentiality and prevent insider trading[72]. - The company has established specialized committees, including an audit committee, nomination committee, compensation and assessment committee, and strategic committee[92]. Legal Matters - The company reported a lawsuit involving a contract dispute with a claim amount of approximately ¥22.5 million[117]. - Another lawsuit related to a sales contract dispute has a claim amount of approximately ¥49.6 million[117]. - A third lawsuit regarding a sales contract dispute has a claim amount of approximately ¥41.6 million[117]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 75,076, an increase from 70,009 at the end of the previous month[125]. - The largest shareholder, Jiuquan Modern Agriculture (Holding Group) Co., Ltd., holds 68,170,168 shares, representing 12.92% of the total shares[128]. - The company has not engaged in any cash asset management or entrusted loan activities during the reporting period[123]. - The company has not provided any guarantees to shareholders or related parties during the reporting period[122]. Assets and Liabilities - Total assets at the end of the reporting period amounted to 1,590,000,000.00 yuan, with a decrease of 1.02% compared to the previous period[52]. - The company's total equity as of December 31, 2021, was CNY 538,994,548.47, down from CNY 584,814,489.18 in 2020, indicating a decrease of approximately 7.83%[151]. - Total liabilities decreased to CNY 431,825,949.45 in 2021 from CNY 630,039,101.25 in 2020, a reduction of about 31.56%[151]. - The company reported a total of CNY 149,994,337.58 in contract liabilities for 2021, slightly up from CNY 145,193,683.39 in 2020, an increase of about 5.0%[146].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 206,266,189.88, representing a decrease of 4.88% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was CNY 8,002,070.73, down 50.55% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased significantly by 2,470.65% to CNY 4,982,024.30[5] - Basic and diluted earnings per share were both CNY 0.0152, reflecting a decrease of 50.49% compared to the previous year[5] - The weighted average return on equity was 1.29%, a decrease of 1.33 percentage points from the previous year[5] - Total operating revenue for Q1 2022 was CNY 206,266,189.88, a decrease of 4.1% compared to CNY 216,856,725.76 in Q1 2021[17] - Net profit for Q1 2022 was CNY 30,693,775.49, a decline of 8.3% from CNY 33,450,348.35 in Q1 2021[18] - The company reported a decrease in net profit attributable to shareholders of the parent company to CNY 8,002,070.73, down 50.6% from CNY 16,183,059.49 in Q1 2021[19] - Basic and diluted earnings per share for Q1 2022 were CNY 0.0152, compared to CNY 0.0307 in Q1 2021, reflecting a 50.5% decrease[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -16,902,447.36, indicating a cash outflow[5] - Cash inflow from operating activities in Q1 2022 was CNY 145,676,010.07, an increase of 12.3% from CNY 129,685,303.12 in Q1 2021[19] - Cash paid for goods and services in Q1 2022 was CNY 91,285,943.80, a decrease of 21.1% from CNY 115,678,127.93 in Q1 2021[19] - The net cash flow from operating activities was -$16,902,447.36, an improvement from -$38,793,751.05 in the previous year, indicating a reduction in cash outflow[20] - The total cash outflow from operating activities was $162,578,457.43, slightly lower than $168,479,054.17 in the previous year, indicating stable operational cash management[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,507,739,249.07, down 5.03% from the end of the previous year[6] - Current assets totaled CNY 902,853,014.80, down from CNY 970,303,491.33 in the previous period[15] - The company's total liabilities decreased to CNY 814,771,063.95 in Q1 2022 from CNY 925,270,170.74 in Q1 2021, a reduction of 11.9%[17] - Total equity attributable to shareholders of the parent company increased to CNY 624,060,824.91 in Q1 2022 from CNY 616,058,754.18 in Q1 2021, reflecting a growth of 1.3%[17] Shareholder Information - The company reported a total of 70,531 common shareholders at the end of the reporting period[11] - The largest shareholder, Jiuquan Modern Agriculture Holding Group, holds 12.92% of shares, totaling 68,170,168 shares[11] - The second-largest shareholder, Jiangsu Rongzhuo Investment Co., Ltd., holds 10.42% with 55,000,000 shares[11] - The company has no significant related party transactions among the top shareholders[12] Operating Costs and Expenses - Total operating costs for Q1 2022 were CNY 176,268,219.62, down 9.7% from CNY 195,242,353.94 in Q1 2021[17] - The company reported a significant increase in research and development expenses to CNY 2,106,798.94 in Q1 2022, up from CNY 1,955,680.90 in Q1 2021, indicating a focus on innovation[18] - The company paid $4,049,070.43 in dividends and interest, down from $6,166,416.11 in the previous year, reflecting a reduction in cash distribution[20] - The company reported a total of $37,491,122.52 in cash paid for other operating activities, an increase from $24,464,343.11 in the previous year, indicating higher operational costs[20] Investment Activities - Cash outflow from investing activities was $1,849,494.94, a decrease from $19,692,641.13 in the previous year, indicating a reduction in investment expenditures[20] - The net cash flow from investing activities was -$1,784,494.94, a decline from $10,312,242.43 in the previous year, suggesting a shift in investment strategy[20] - The cash inflow from the disposal of fixed assets was $65,000.00, compared to $11,934,737.83 in the previous year, showing a significant decrease in asset liquidation[20] Financing Activities - Total cash inflow from financing activities was $170,000,000.00, compared to $131,133,467.49 in the previous year, showing a significant increase of approximately 29.7%[20] - The net cash flow from financing activities was $20,507,698.57, a turnaround from -$27,100,439.73 in the previous year, reflecting improved financial management[20] - The total cash and cash equivalents at the end of the period amounted to $484,941,931.78, up from $440,344,831.44 in the previous year, representing an increase of about 10.1%[20]

Financial Performance - In 2021, the company achieved a net profit of ¥42,041,503.37, with a net profit attributable to shareholders of ¥9,051,140.60, representing a decrease of 69.36% compared to the previous year[6]. - The company's operating revenue for 2021 was ¥922,131,315.29, down 3.36% from ¥954,210,631.49 in 2020[20]. - The basic earnings per share for 2021 was ¥0.0172, a decline of 69.29% from ¥0.0560 in 2020[22]. - The net cash flow from operating activities was ¥111,667,157.93, a decrease of 5.86% compared to ¥118,617,083.99 in 2020[20]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a loss of ¥23,718,841.09 in 2021 compared to a loss of ¥144,974,194.64 in 2020[20]. - The weighted average return on equity decreased to 1.48% in 2021 from 5.37% in 2020, a drop of 3.89 percentage points[22]. - The total operating revenue decreased by 3.36% to CNY 922.13 million, while operating costs fell by 11.63% to CNY 724.47 million[38]. - The company reported a significant increase in annual revenue, reaching a total of 1.2 billion CNY, representing a growth of 15% year-over-year[80]. - Total revenue for 2021 was CNY 922,131,315.29, a decrease of 3.5% from CNY 954,210,631.49 in 2020[154]. Assets and Liabilities - The company's total assets at the end of 2021 were not disclosed, but the net assets attributable to shareholders were ¥616,058,754.18, an increase of 0.88% from ¥610,685,913.16 in 2020[20]. - Total current assets decreased from CNY 1,059,885,787.93 in 2020 to CNY 970,303,491.33 in 2021, a decline of approximately 8.4%[146]. - Total liabilities decreased from CNY 1,039,345,732.73 in 2020 to CNY 925,270,170.74 in 2021, a decline of approximately 11%[147]. - The total equity increased from CNY 624,734,709.60 in 2020 to CNY 662,274,409.63 in 2021, an increase of about 6%[147]. - The total liabilities of the company increased, with cash received from loans amounting to 329,437,800.00 RMB in 2021, compared to 541,720,000.00 RMB in 2020, a decrease of 39.1%[165]. Research and Development - Research and development expenses increased by 109.39% to CNY 14.82 million, indicating a focus on innovation[38]. - The number of R&D personnel was 39, accounting for 6.34% of the total workforce[48]. - The company invested 14,824,329.01 in R&D this period, significantly up from 7,079,646.42 in the previous period, marking a 109.5% increase[46]. - Research and development expenses increased to ¥9,695,027.21 in 2021, up from ¥5,937,563.85 in 2020, reflecting a 63.1% rise[159]. Market and Industry Trends - The seed industry achieved a revenue of CNY 60,563.7 million in 2021, representing a growth of 55.39% compared to the previous year[29]. - The food and trade industry reported a revenue of CNY 19,968.72 million in 2021, a decrease of 59.91% year-on-year due to the impact of the COVID-19 pandemic and rising costs[30]. - The corn planting area in China increased to 64.4 million acres in 2021, with a total production of 274 million tons, reflecting growth rates of 4.2% and 5.1% respectively[32]. - The overall market for hybrid corn seed production in China saw an increase of 8.2% in new seed production, totaling approximately 1 billion kilograms[32]. - The company anticipates growth in functional foods like tomato powder and onion powder, driven by increasing consumer health awareness[63]. Governance and Management - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards and effective decision-making[70]. - The company has established a transparent performance evaluation and incentive mechanism for its management team, linking compensation to performance[71]. - The company has maintained a consistent leadership structure, with key positions filled through elections and appointments[87]. - The decision-making process for the remuneration of directors and senior management is based on the annual profit and task completion results, approved by the board and shareholders[85]. Environmental and Social Responsibility - The company’s subsidiaries have installed pollution control equipment and wastewater treatment facilities, meeting national and local discharge standards[103]. - The company plans to replace existing equipment to connect to public steam heating sources, aiming to reduce carbon emissions[104]. - The company provided 1,150 job opportunities for local farmers through its agricultural initiatives[107]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[104]. Legal Matters - The company reported a litigation amount of ¥22,496,516.76 related to a contract dispute with Jilin Ping An Seed Industry Co., Ltd.[117]. - The company is involved in another litigation with Shanghai Shangrong Supply Chain Management Co., Ltd. with a claim amount of ¥49,567,215.20[117]. - A third litigation involves Urumqi Land Port International Trade Co., Ltd. with a claim amount of ¥41,584,721.27[117]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion CNY[80]. - The company plans to stabilize corn seed production area at over 1.4 million mu by 2025, with an industry chain output value exceeding 12 billion yuan[61]. - The company will take measures to activate idle assets and reduce seed inventory in 2022[67].

2021 年第三季度报告 证券代码：600354 证券简称：敦煌种业 甘肃省敦煌种业集团股份有限公司 2021 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。 公司负责人马宗海、主管会计工作负责人周秀华及会计机构负责人（会计主管人员）武兴旺 保证季度报告中财务报表信息的真实、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 | 项目 | 本报告期 | 本报告期比 上年同期增 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | 年初至报告期末 | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 84,298,685.25 | -56.82 | 440,922,5 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥356,623,851.11, a decrease of 13.31% compared to ¥411,387,818.98 in the same period last year[17]. - The net profit attributable to shareholders was -¥4,104,751.73, improving from -¥34,189,213.45 in the previous year[17]. - The net cash flow from operating activities was -¥42,992,224.97, compared to -¥92,541,377.86 in the same period last year[17]. - Total assets decreased by 14.32% to ¥1,425,829,252.14 from ¥1,664,080,442.33 at the end of the previous year[17]. - The net assets attributable to shareholders were ¥606,581,161.43, a slight decrease of 0.67% from ¥610,685,913.16 at the end of the previous year[17]. - Basic earnings per share for the first half of 2021 were -¥0.0078, compared to -¥0.0648 in the same period last year[18]. - The weighted average return on net assets was -0.67%, an improvement from -6.66% in the previous year[18]. - The company reported a significant reduction in financial expenses, which decreased to ¥11,593,385.89 from ¥17,520,139.64 in the first half of 2020[69]. - The total comprehensive income for the first half of 2021 was ¥10,382,864.04, compared to a loss of ¥43,886,499.07 in the same period last year[71]. - The company reported a net loss of CNY -903,334,499.69 as of June 30, 2021, compared to a loss of CNY -899,229,747.96 in December 2020, indicating a slight increase in losses[63]. Revenue Breakdown - The company's seed industry revenue accounted for 58.08% of total revenue, while food and trade revenue contributed 21.53% and other revenues made up 20.39%[22]. - The seed industry achieved a revenue of CNY 207.11 million, an increase of CNY 93.46 million compared to the same period last year, with a net profit of CNY 26.24 million, up CNY 35.23 million year-on-year[25]. - The food and trade sector reported a revenue of CNY 76.77 million, a decrease of CNY 201.36 million year-on-year, resulting in a net loss of CNY 14.93 million, although this was an improvement of CNY 0.58 million compared to the previous year[26]. - The company's total operating revenue decreased by 13.31% to CNY 356.62 million, while operating costs fell by 21.88% to CNY 268.02 million[24]. Cash Flow and Investments - Operating cash flow for the first half of 2021 was -42,992,224.97 RMB, an improvement from -92,541,377.86 RMB in the same period of 2020, indicating a 53.6% reduction in cash outflow[76]. - Total cash inflow from operating activities decreased to 257,070,515.33 RMB, down 33.4% from 386,614,932.19 RMB in the first half of 2020[76]. - Cash outflow from operating activities was 300,062,740.30 RMB, a decrease of 37.5% compared to 479,156,310.05 RMB in the previous year[76]. - Investment activities generated a net cash outflow of -2,550,039.25 RMB, contrasting with a net inflow of 17,252,846.29 RMB in the first half of 2020[77]. - Cash inflow from financing activities was 308,158,680.00 RMB, down 45.1% from 562,688,172.08 RMB in the same period of 2020[77]. Assets and Liabilities - Total assets decreased from CNY 1,664,080,442.33 in December 2020 to CNY 1,425,829,252.14 by June 30, 2021, representing a decline of approximately 14.3%[62]. - Total liabilities decreased from CNY 1,039,345,732.73 in December 2020 to CNY 790,711,678.50 by June 30, 2021, a reduction of about 24%[63]. - Current liabilities decreased from CNY 988,576,496.84 in December 2020 to CNY 747,479,154.14 by June 30, 2021, indicating a decline of approximately 24.4%[62]. - The company’s total liabilities to equity ratio improved from approximately 1.66 in December 2020 to 1.24 by June 30, 2021, indicating a stronger equity position relative to liabilities[63]. Research and Development - Research and development expenses increased by 104% to CNY 5.73 million, reflecting a significant investment in biological breeding[27]. - Research and development expenses increased to ¥5,730,211.69, up 103.3% from ¥2,808,929.70 in the first half of 2020, indicating a focus on innovation[69]. Market Conditions and Strategy - The seed industry is experiencing intense competition with over 5,000 legal varieties in the market, leading to pressure on production and operations[22]. - The food industry is adapting to rising costs and increased competition, focusing on innovation and market expansion to improve profitability[24]. - The overall financial performance indicates a strategic shift towards cost control and operational efficiency amid challenging market conditions[25]. - The company plans to enhance seed quality and yield through improved field management and marketing strategies to meet annual sales targets[33]. - The company aims to adjust its operational strategies in response to pandemic and exchange rate changes, leveraging both domestic and international markets[33]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,028[52]. - The largest shareholder, Jiuquan Modern Agriculture (Holding) Group Co., Ltd., holds 12.92% of the shares, totaling 68,170,168 shares[54]. - Jiangsu Rongzhuo Investment Co., Ltd. holds 10.42% of the shares, totaling 55,000,000 shares[54]. - There were no significant changes in the company's share capital structure during the reporting period[51]. Compliance and Regulations - The company has installed pollution control equipment in its subsidiaries to comply with environmental regulations[39]. - All subsidiaries have established wastewater treatment facilities that meet national and local discharge standards[39]. - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[37]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, in accordance with the accounting standards[106]. - The company adheres to the accounting policies and estimates as per the relevant financial regulations[108]. - The company recognizes cash and cash equivalents as cash on hand and deposits available for payment[121]. - Foreign currency transactions are recorded at the spot exchange rate on the transaction date, with monetary items remeasured at the exchange rate on the balance sheet date[122].