证券代码：600359 证券简称：新农开发 编号：2023—045 新疆塔里木农业综合开发股份有限公司 关于公司资产核销的公告 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。 一、本次资产核销概况 为进一步加强公司的资产管理，防范财务风险，公允地反映公司财务状况、 资产价值及经营成果，根据《企业会计准则》《公司内控管理办法》及公司财务 制度的相关规定，结合公司实际情况，公司拟对下列资产进行核销，情况如下： 单位：元 | 序 | | | | | | | 是否已全 | | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 项目 | 申报单位 | 债务人名称 | 金额 | | 账龄 | 额计提坏 | | | | | | | | | 账准备 | | | 其他应 | 新疆塔里木农业 | 新疆阿拉尔 | | | | | | 1 | | 综合开发股份有 | 新农塑业有 | 1,867,413.07 | 5 | 年以上 | 是 | | | 收账款 | 限公司 | 限公司 | | ...

证券代码：600359 证券简称：新农开发 公告编号：2023-038 新疆塔里木农业综合开发股份有限公司 关于参加新疆辖区上市公司 2023 年投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，新疆塔里木农业综合开发股份有限公司 （以下简称"公司"）将参加由新疆证监局、新疆上市公司协会与深圳市全景网 络有限公司联合举办的"2023 年新疆辖区上市公司投资者集体接待日活动"， 现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP， 参与本次互动交流，活动时间为 2023 年 6 月 16 日（周五）10:30-18:00。届时 公司高管将在线就公司 2022 年度业绩、公司治理、发展战略、经营状况、融资 计划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流， 欢迎广大投资者踊跃参与。 特此公告。 新疆塔里木农业综合开发 ...

2023 年第一季度报告 证券代码：600359 证券简称：新农开发 新疆塔里木农业综合开发股份有限公司 2023 年第一季度报告 1 / 11 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。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增 | | | --- | --- | --- | --- | | | | 减变动幅度(%) | | | 营业收入 | 182,011,195.34 | | -0.81 | | 归属于上市公司股东的净利润 | 48,066,165.80 | | 2.67 | | 归属于上市公司股东的扣除非经 常性损益的净利润 | ...

证券代码：600359 证券简称：新农开发 公告编号：2023-026 新疆塔里木农业综合开发股份有限公司 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： http://roadshow.sseinfo.com/） 新疆塔里木农业综合开发股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 日发布公司 2022 年度报告，为便于广大投资者更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 05 月 25 日 下午 16:00-17:00 举行 2022 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 2022 年度的经营成果 会议召开时间：2023 年 05 月 25 日(星期四) 下午 16:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址： 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 18 日(星期四) 至 05 ...

Financial Performance - The company's net profit for 2022 was CNY 63,534,660.94, with a net profit attributable to shareholders of CNY 64,111,575.98, representing a year-on-year increase of 56.71%[5]. - The operating revenue for 2022 was CNY 647,478,000.01, a decrease of 5.53% compared to CNY 685,361,129.68 in 2021[23]. - Basic earnings per share rose by 54.55% to CNY 0.17, driven by the increase in net profit[24][26]. - The diluted earnings per share also increased by 54.55% to CNY 0.17, reflecting the same reasons as basic earnings[24][27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 30.86%, mainly due to increased inventory impairment provisions[25]. - The company did not declare any profit distribution for 2022 due to negative retained earnings[5]. - The company reported a net loss of CNY 750,907,496.30 for 2022, an improvement from a loss of CNY 815,019,072.28 in 2021[179]. - The total comprehensive income for 2022 was ¥58,491,841.70 million, compared to ¥25,443,454.33 million in 2021, indicating a growth of 129.0%[187]. Cash Flow - The net cash flow from operating activities increased by 30.68% to CNY 113,473,248.55, primarily due to an increase in tax refunds received[23][25]. - The company experienced a net cash flow from operating activities of RMB 123.09 million in Q1, which fell to a negative RMB 71.22 million by Q4[29]. - The net cash flow from investing activities was negative at RMB -49,260,593.35 in 2022, an improvement from RMB -119,826,052.20 in 2021[191]. - The ending cash and cash equivalents balance increased to RMB 163,307,826.19 in 2022 from RMB 107,367,538.82 in 2021, marking a growth of 52.2%[191]. Assets and Liabilities - The total assets at the end of 2022 were CNY 1,895,064,146.30, an increase of 2.83% from CNY 1,842,949,365.97 in 2021[23]. - The total equity attributable to shareholders was CNY 939,998,193.33, an increase from CNY 920,585,947.44 in 2021[183]. - Current liabilities totaled CNY 520,315,895.23, down from CNY 631,221,127.04 in the previous year[183]. - The total cost for the industrial sector was $238.70 million, accounting for 53.23% of total costs, an increase from 46.18% year-over-year[55]. Revenue Breakdown - The company achieved a main business revenue of RMB 634 million in 2022, indicating a focus on core operations[35]. - The revenue from liquid milk was approximately ¥222 million, with a gross margin of 23.78%, showing a decrease of 4.67% compared to the previous year[69]. - The revenue from full-fat milk powder increased by 57.05% to approximately ¥48 million, although the gross margin decreased by 3.54%[69]. - Xinjiang Talimu Agricultural Comprehensive Development Co., Ltd. reported a total revenue of 647 million RMB for the year 2022, with cotton product sales contributing 286 million RMB (44.23%) and dairy product sales contributing 295 million RMB (45.56%) to the total revenue[168]. Cost Management - Operating costs decreased by 11.55% to 452.34 million RMB, attributed to reduced sales volume of cotton products and higher gross margins in seedling operations[49]. - The agricultural sector's gross margin improved by 4.49 percentage points to 33.33%, despite a 14.96% decrease in revenue[51]. - The total operating costs for 2022 were CNY 563,609,396.72, down 11.0% from CNY 632,925,339.53 in 2021[185]. Strategic Initiatives - The company plans to expand its sales channels through e-commerce platforms and self-owned distribution networks[39]. - The company aims to enhance its core competitiveness by expanding its product line beyond cotton seeds and actively responding to market opportunities in southern Xinjiang and northern Xinjiang[79]. - The company plans to enhance its digital marketing efforts to reach a broader audience and increase brand awareness[102]. - The company plans to establish a special account for the funds raised from the non-public issuance of A shares[111]. Governance and Compliance - The company adheres to strict governance practices, ensuring compliance with laws and regulations, and maintaining transparency in shareholder meetings[90]. - The board of directors operates independently, with specialized committees enhancing decision-making efficiency and compliance[91]. - The company emphasizes the importance of respecting and safeguarding the legitimate rights and interests of stakeholders, including banks, creditors, and employees[94]. - The company has not reported any significant differences in corporate governance compared to legal and regulatory requirements[94]. Research and Development - Research and development expenses increased by 1.13% to 13.19 million RMB, reflecting a commitment to technological investment[49]. - Investment in research and development has increased by 20% compared to the previous year, indicating a commitment to innovation[104]. Market Trends - The dairy industry showed strong growth in 2022, with the company capitalizing on increased consumer demand for dairy products[36]. - The seed industry is entering a rapid development phase, with domestic leading companies gradually gaining a foothold in the global market, supported by national policies and technological breakthroughs[77]. Risks and Challenges - The company faces management risks related to innovation in business operations, requiring adjustments in management models and talent reserves[84]. - The company acknowledges investment project risks due to changing market conditions and will ensure timely completion of projects while adhering to budget constraints[87]. - The company operates in agriculture-related sectors, facing systemic risks due to weak agricultural foundations in China, including limited arable land and low innovation capabilities[85].

Financial Performance - The company's operating revenue for Q3 2022 was ¥192,094,093.27, representing a 39.31% increase compared to the same period last year[5]. - Total operating revenue for Q3 2022 reached ¥585,081,698.91, a 36.1% increase from ¥429,906,036.89 in Q3 2021[20]. - The net profit attributable to shareholders decreased by 87.73% to ¥1,717,813.07 in Q3 2022, primarily due to fluctuations in cotton prices[10]. - Net profit for Q3 2022 was ¥64,185,732.68, representing an increase of 10.0% compared to ¥57,937,153.85 in Q3 2021[21]. - The total comprehensive income for Q3 2022 was ¥64,042,496.25, compared to ¥37,888,216.20 in Q3 2021[21]. Earnings and Shareholder Returns - Basic earnings per share for Q3 2022 was ¥0.00, reflecting a 100% decrease compared to the same period last year[6]. - The diluted earnings per share for Q3 2022 was also ¥0.00, indicating a 100% decrease compared to the same period last year[6]. - Basic and diluted earnings per share for Q3 2022 were both ¥0.15, compared to ¥0.14 in Q3 2021[21]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period increased by 265.67% to ¥184,696,555.42[5]. - Cash flow from operating activities generated a net amount of ¥184,696,555.42, significantly higher than ¥50,509,480.86 in the previous year[24]. - Cash and cash equivalents at the end of Q3 2022 totaled ¥308,445,442.69, compared to ¥183,211,277.39 at the end of Q3 2021[25]. - The company reported a net cash inflow from financing activities of ¥99,430,643.33, up from ¥49,022,857.08 in the same period last year[25]. - Cash and cash equivalents were RMB 318,476,694.58, compared to RMB 161,297,176.83 at the end of 2021, indicating a significant increase[15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,884,959,642.51, an increase of 2.28% from the end of the previous year[6]. - As of September 30, 2022, total assets amounted to RMB 1,884,959,642.51, an increase from RMB 1,842,949,365.97 at the end of 2021[16]. - Current assets totaled RMB 759,949,186.70, down from RMB 855,931,930.46 in the previous year[15]. - Total liabilities decreased slightly to RMB 1,291,217,595.04 from RMB 1,315,341,214.74[17]. - The total equity attributable to shareholders increased to RMB 573,917,283.84 from RMB 515,783,622.46[17]. Costs and Expenses - Total operating costs amounted to ¥494,408,767.95, up 37.0% from ¥360,917,239.77 in the same period last year[20]. - Research and development expenses for Q3 2022 were ¥8,026,019.12, an increase from ¥6,508,663.38 in Q3 2021[20]. Shareholder Information - The company has a total of 60,691 common shareholders as of the reporting date[12]. Inventory and Borrowings - Inventory decreased to RMB 252,575,366.13 from RMB 447,968,263.16, reflecting a reduction in stock levels[15]. - Short-term borrowings rose to RMB 655,602,499.99 from RMB 600,766,029.00, indicating increased leverage[16]. - The company’s long-term borrowings increased to RMB 141,509,133.82 from RMB 94,566,314.82, suggesting a strategy to finance growth[17]. Non-Recurring Items - The company reported non-recurring gains of ¥12,647,405.38 for the current period[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥10,929,592.32, a decrease of 164.98% compared to the same period last year[5]. - The company received tax refunds amounting to ¥30,466,809.63 during Q3 2022, compared to ¥255,137.13 in the previous year[24].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 392.99 million, representing a year-on-year increase of 34.58%[18]. - The net profit attributable to shareholders for the same period was approximately CNY 56.56 million, reflecting a year-on-year growth of 48.40%[18]. - The basic earnings per share increased by 50% to CNY 0.15 compared to the same period last year[18]. - The net cash flow from operating activities surged by 261.56%, reaching approximately CNY 170.35 million[18]. - The total assets of the company at the end of the reporting period were approximately CNY 1.82 billion, an increase of 8.37% from the previous year[18]. - The net assets attributable to shareholders increased by 11.68% to approximately CNY 571.89 million[18]. - The diluted earnings per share also rose by 50% to CNY 0.15, driven by the increase in profits during the reporting period[19]. - The net profit after deducting non-recurring gains and losses grew by 59.64% to approximately CNY 51.39 million[19]. - The weighted average return on equity increased by 2.67 percentage points to 10.40%[18]. - The company reported a significant increase in cotton seed product sales, which was the primary driver for revenue and profit growth[18]. Assets and Liabilities - The company reported total assets of 1.819 billion yuan and net assets of 586 million yuan, with net profit attributable to the parent company at 56.56 million yuan[31]. - Operating revenue for the period was 393 million yuan, with main business revenue accounting for 384 million yuan[31]. - The company reported a significant increase in accounts receivable, which rose by 172.17% to ¥35,261,287.87, attributed to increased credit sales from subsidiaries[38]. - The total assets of the company at the end of the reporting period amounted to ¥84,609.17 million, with a net asset value of ¥19,553.23 million for its subsidiary, Alar Xin Nong Dairy[43]. - The company's long-term borrowings increased by 43.09% to ¥135,314,081.19, primarily due to financing for dairy projects[38]. - The company's total liabilities decreased to CNY 1,232,746,827.57 from CNY 1,315,341,214.74, indicating a decline of approximately 6.3%[86]. Business Operations - The dairy business is primarily conducted through its subsidiary, Xin Nong Dairy, focusing on milk production and sales of liquid milk and milk powder[23]. - The seed processing and sales business is facing challenges due to a decline in planting area and faster seed renewal rates[27]. - The company has established a strong competitive advantage in agricultural production materials and deep processing of agricultural products[30]. - The company aims to enhance its core competitiveness and achieve scale benefits through its agricultural industrialization strategy[30]. - The company’s core products in the licorice processing business include licorice extract and various licorice derivatives, which are widely used in pharmaceuticals and food[28]. - The company utilizes a self-owned sales channel and e-commerce platforms to expand its market reach in the dairy sector[23]. Research and Development - Research and development expenses increased by 30.82% to ¥5,337,353.61, reflecting the company's commitment to enhancing technological investments[32][34]. - Research and development investments increased by 30% in 2022, focusing on sustainable technologies and product enhancements[62]. Risks and Challenges - The company faces management risks due to challenges in management models, talent reserves, technological innovation, and market expansion, necessitating enhanced strategic planning and internal management[45]. - Industry risks include the impact of natural disasters and pestilence on agricultural production, which could adversely affect product yield and operational activities[46]. - Changes in national tax and credit policies could impact the company's operational performance, prompting the need for proactive research on policy trends[49]. - Investment projects carry uncertainties due to market conditions and macro policies, requiring strict adherence to timelines and budgets for project completion[50]. - Liquidity risks may arise from clients facing financial difficulties, leading the company to optimize resource allocation and enhance asset management[51]. Corporate Governance - There have been changes in the board of directors and supervisory board, with several independent directors being appointed and others resigning[57]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period[58]. Market Outlook - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 25% based on current market trends and user acquisition strategies[62]. - New product launches are expected to contribute an additional 300 million RMB in revenue by the end of the year, driven by innovative features and market demand[62]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[62]. Financial Management - The company’s total liabilities increased, with cash outflows for debt repayment amounting to CNY 442,279,080.77, compared to CNY 333,800,000.00 in the previous year, reflecting an increase of approximately 32.5%[97]. - The company distributed CNY 9,316,665.65 in dividends, down from CNY 11,755,262.01 in the previous year[100]. Accounting Policies - The company’s accounting policies comply with the requirements of enterprise accounting standards, ensuring accurate financial reporting[122]. - The company includes all subsidiaries in the consolidated financial statements, including controlled enterprises and separable parts of invested units[128]. - The consolidated financial statements are prepared based on the balance sheets of the parent company and subsidiaries, eliminating internal transactions between them[129].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥392.99 million, representing a year-on-year increase of 34.58%[18] - The net profit attributable to shareholders for the same period was approximately ¥56.56 million, reflecting a year-on-year growth of 48.40%[18] - The basic earnings per share increased by 50% to ¥0.15 compared to the same period last year[18] - The net cash flow from operating activities surged by 261.56%, amounting to approximately ¥170.35 million, due to increased cash inflows from seed sales[19] - The weighted average return on equity rose to 10.40%, an increase of 2.67 percentage points from the previous year[18] - The total assets of the company at the end of the reporting period were approximately ¥1.82 billion, up 8.37% from the end of the previous year[18] - The net profit after deducting non-recurring gains and losses increased by 59.64% to approximately ¥51.39 million[19] - The company's net assets attributable to shareholders increased by 11.68% to approximately ¥571.89 million[18] - The diluted earnings per share also rose by 50% to ¥0.15, driven by the increase in profits during the reporting period[19] Business Operations - The dairy business is primarily conducted through the subsidiary Xin Nong Dairy, focusing on milk production and sales[23] - The seed processing and sales business is facing challenges due to a decline in planting area and faster seed renewal rates[27] - The company aims to enhance its core competitiveness by leveraging regional agricultural resources and expanding its agricultural production materials supply[30] - The company is committed to improving its operational efficiency and promoting the development of its main businesses, including dairy, seeds, and licorice products[31] - The company has established a sales model that includes both self-operated and agency sales channels to enhance market reach[26] - The licorice product business is positioned well in the market, with over 100 compounds extracted for various applications in medicine and food[28] Future Outlook - The company has indicated a positive outlook for future growth, primarily driven by increased sales of cotton seed products[18] - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 25% based on new product launches and market expansion strategies[62] - New product development includes the launch of two innovative products expected to contribute an additional 300 million RMB in revenue by the end of the year[62] - The company is focusing on market expansion, targeting three new regions which are projected to increase market share by 10%[62] - There are ongoing discussions regarding potential acquisitions that could enhance the company's technological capabilities and market presence[62] Financial Risks and Challenges - The company faces management risks due to challenges in management models, talent reserves, technological innovation, and market expansion, necessitating enhanced strategic planning and internal management[45] - Industry risks include the impact of natural disasters and pestilence on agricultural production, which could adversely affect product yield and operational activities[46] - Changes in national tax and credit policies could impact the company's operational performance, prompting the need for proactive research on policy trends[49] - Investment project risks arise from uncertainties related to market conditions and macro policies, requiring strict adherence to timelines and budgets for new projects[50] - Liquidity risks may emerge from clients facing financial difficulties, leading the company to optimize resource allocation and enhance asset management[51] Shareholder and Governance Information - The company has not proposed any profit distribution or capital reserve increase for the half-year period[58] - There were significant changes in the board of directors and supervisory board, with multiple appointments and resignations[57] - The company’s major shareholders have reaffirmed their commitment to avoid any conflicts of interest and ensure fair practices in all transactions[61] - The largest shareholder, Aral City Tongzhong State-owned Capital Investment Operation (Group) Co., Ltd., holds 40.32% of the shares[77] - The top ten shareholders hold a total of 158,000,000 shares, representing a significant portion of the company's equity[77] Financial Position and Capital Structure - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2022, representing a year-over-year growth of 20%[62] - The company has a total of 64,885 common stock shareholders as of the end of the reporting period[75] - The total equity attributable to the parent company was CNY 527,608,151.00 at the end of the reporting period[102] - The company reported a comprehensive income of CNY 58,454,135.92 for the current period[104] - The total owner's equity at the end of the reporting period was CNY 503,638,363.39, reflecting changes in various components[106] Accounting and Financial Reporting - The company adheres to the accounting standards and principles, ensuring the financial statements reflect its financial status accurately[122] - The company includes all subsidiaries in the consolidated financial statements, including controlled enterprises and separable parts of invested units[128] - The consolidated financial statements are prepared based on the balance sheets of the parent company and subsidiaries, eliminating internal transactions between them[129] - The company recognizes foreign currency transactions at the exchange rate on the transaction date, with monetary items translated at the exchange rate on the balance sheet date[135] - The company assesses expected credit losses for financial assets based on a three-stage model, with different accounting treatments for each stage[154] Inventory and Asset Management - Inventory is classified into raw materials, work in progress, and finished goods, with a perpetual inventory system in place[161][165] - The company uses a weighted average method for determining the actual cost of inventory issued[163] - Long-term equity investments are recognized at initial cost based on the type of business combination, with subsequent measurement using the cost method or equity method[170][171] - The company assesses biological assets annually, recognizing impairment losses if their recoverable amounts fall below book values due to natural disasters or market demand changes[183] Sustainability and Corporate Responsibility - The company has committed to reducing carbon emissions by 30% over the next five years through various sustainability initiatives[62] - The company has maintained a strong commitment to corporate governance, ensuring all related party transactions are conducted at arm's length[62] - The company reported no significant legal disputes or regulatory issues during the reporting period, reflecting a stable operational environment[65]

证券代码：600359 证券简称：新农开发 公告编号：2022-034 新疆塔里木农业综合开发股份有限公司 关于参加 2022 年新疆辖区投资者网上 集体接待日暨上市公司业绩说明会活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2022 年 6 月 24 日参加由新疆上市公司协会联合深圳市全景网络有限公司组织开展的 2022 年新 疆辖区上市公司投资者网上集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录全景网"投资者关系互动平台"网站 （http://ir.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参 与公司本次投资者集体接待日活动，活动时间为 2022 年 6 月 24 日下午（星期五）。 出席本次集体接待日的人员有：公司董事长、总经理唐建国先生、董事会秘 书张春疆先生、财务总监陈争跃女士。 欢迎广大 ...

Financial Performance - The company's operating revenue for Q1 2022 was CNY 183,504,471.35, representing a decrease of 4.03% compared to the same period last year[5]. - Net profit attributable to shareholders of the listed company reached CNY 46,815,904.86, an increase of 104.61% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 45,358,625.69, reflecting a growth of 135.73% compared to the previous year[5]. - The net profit for Q1 2022 was CNY 48,024,094.01, a significant increase from CNY 22,461,162.88 in Q1 2021, representing a growth of approximately 113%[18]. - Operating profit for Q1 2022 reached CNY 48,103,838.02, compared to CNY 23,346,616.62 in the same period last year, indicating a year-over-year increase of about 106%[18]. - Total comprehensive income for Q1 2022 was CNY 47,670,075.40, compared to CNY 22,385,200.26 in Q1 2021, showing an increase of approximately 113%[19]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 123,087,745.10, showing a significant increase of 264.60% year-on-year[5]. - Cash flow from operating activities for Q1 2022 was CNY 123,087,745.10, a substantial rise from CNY 33,759,848.35 in Q1 2021, marking an increase of about 264%[23]. - The total cash and cash equivalents at the end of Q1 2022 amounted to CNY 165,034,564.69, up from CNY 86,035,393.35 at the end of Q1 2021, representing an increase of about 92%[23]. - The company reported a net cash outflow from financing activities of CNY 71,729,180.11 in Q1 2022, compared to a net outflow of CNY 33,672,798.84 in Q1 2021[23]. Earnings and Shareholder Returns - Basic earnings per share for the period was CNY 0.12, which is a 100% increase compared to the same period last year[6]. - Basic and diluted earnings per share for Q1 2022 were both CNY 0.12, doubling from CNY 0.06 in Q1 2021[19]. - The weighted average return on equity increased by 4.05 percentage points to 8.69%[6]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,818,986,879.90, a decrease of 1.30% from the end of the previous year[6]. - Total assets as of March 31, 2022, were CNY 1,818,986,879.90, a slight decrease from CNY 1,842,949,365.97 at the end of 2021[14]. - Total liabilities decreased to CNY 1,243,659,653.27 from CNY 1,315,341,214.74 at the end of 2021, reflecting a reduction of 5.4%[15]. - The company's equity attributable to shareholders increased to CNY 562,245,508.71 from CNY 515,783,622.46 at the end of 2021, an increase of 8.9%[15]. - Non-current assets totaled CNY 1,010,003,294.60, up from CNY 987,017,435.51 at the end of 2021, indicating a growth of 2.6%[14]. - Short-term borrowings decreased to CNY 535,497,597.23 from CNY 600,766,029.00, a decline of 10.8%[14]. Sales and Revenue - The increase in net profit was primarily due to the increase in sales volume and gross profit margin of cotton seeds from Tar River Seed Industry Company[8]. - The company continues to implement a "payment before delivery" sales policy, which has led to improved cash flow from operating activities[8]. - Sales revenue from goods and services received in cash for Q1 2022 was CNY 191,764,148.60, significantly higher than CNY 94,082,125.52 in Q1 2021, indicating an increase of approximately 103%[21]. Costs and Expenses - Total operating costs for Q1 2022 were CNY 135,849,728.69, down 21.0% from CNY 172,169,844.29 in Q1 2021[17]. - Research and development expenses increased to CNY 2,594,751.19 in Q1 2022 from CNY 1,976,876.38 in Q1 2021, reflecting a growth of approximately 31%[18]. - The company incurred tax expenses of CNY 916,842.29 in Q1 2022, compared to CNY 1,004,945.85 in Q1 2021, reflecting a decrease of about 9%[18]. Inventory and Receivables - Accounts receivable rose to CNY 15,950,005.83, up 23.0% from CNY 12,955,455.59 at the end of 2021[13]. - Inventory decreased to CNY 407,405,116.21, down 9.0% from CNY 447,968,263.16 at the end of 2021[13]. - Cash and cash equivalents increased to CNY 187,318,677.70 as of March 31, 2022, compared to CNY 161,297,176.83 at the end of 2021, representing a growth of 16.1%[13].