证券代码：600359 证券简称：新农开发 公告编号：2021-029 新疆塔里木农业综合开发股份有限公司 关于参加 2021 年新疆辖区上市公司投资者 网上集体接待日暨上市公司业绩说明会活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为便于广大投资者更深入全面地了解公司情况、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2021年6月18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2021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2021年6月18日（星期五）。 出席本次集体接待日的人员有：公司董事长白 ...

Financial Performance - The company's operating revenue for 2020 was CNY 556,230,065.25, representing a 0.99% increase compared to CNY 550,803,077.66 in 2019[19] - The net profit attributable to shareholders for 2020 was CNY 38,241,556.44, a significant increase of 359.35% from CNY 8,325,227.07 in 2019[19] - The net cash flow from operating activities reached CNY 81,179,775.35, a substantial increase from CNY 562,306.67 in 2019, marking a growth of 14,336.92%[19] - The total assets at the end of 2020 were CNY 1,751,879,686.69, a slight decrease of 0.17% from CNY 1,754,784,560.73 in 2019[19] - The basic earnings per share for 2020 was CNY 0.10, up 400% from CNY 0.02 in 2019[20] - The weighted average return on equity increased to 8.16% in 2020, up by 6.34 percentage points from 1.82% in 2019[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,416,760.68, compared to a loss of CNY 94,201,028.28 in 2019, reflecting a 101.5% improvement[19] - The company's net assets attributable to shareholders increased by 11.50% to CNY 493,959,150.11 at the end of 2020, compared to CNY 443,022,535.59 in 2019[19] Revenue Sources - The company’s core business includes dairy processing and sales, seed processing and sales, and licorice deep processing, with dairy products being primarily handled by its subsidiary Xin Nong Dairy[30] - The company’s seed processing and sales are conducted through its subsidiary Tahe Seed Industry, focusing on cotton, rice, and wheat seeds, among others[30] - The company’s licorice products are managed by its wholly-owned subsidiary Xin Nong Licorice, which produces various licorice extracts and derivatives[30] - The company achieved an operating income of 556.23 million RMB, a year-on-year increase of 0.99%, while operating costs decreased by 9.97% to 418.88 million RMB[39][40] - The company reported total revenue of CNY 216,498.01, compared to CNY 41,481.08 in 2019, indicating a year-over-year increase of approximately 421%[144] Cost Management - The company reduced sales expenses by 63.79% to 19.66 million RMB, primarily due to the implementation of three institutional reforms[40] - Research and development expenses decreased by 13.98% to 6.60 million RMB, indicating a focus on cost management[40] - Total costs for the period amounted to 413,672,267.99, a decrease of 10.68% compared to 463,121,191.26 in the same period last year[46] - Direct materials costs were 159,774,413.48, accounting for 78.50% of total costs in the industrial sector, down from 83.50% year-over-year[46] - The manufacturing expenses in the industrial sector increased by 28.14% to 34,200,376.20, compared to 26,690,073.80 in the previous year[46] Market Outlook - The overall dairy industry in China shows significant growth potential, despite currently low per capita consumption levels[32] - The seed industry is facing challenges due to declining planting areas and faster seed renewal rates, particularly in the cotton seed sector[32] - The licorice industry benefits from a wide range of applications in pharmaceuticals, food, tobacco, and cosmetics, with over 100 compounds extracted from licorice[32] - The company expects to achieve a revenue of 1.1 billion yuan in 2021, indicating a significant growth outlook[58] Financial Position - Cash and cash equivalents decreased by 24.33% from the previous period, amounting to 105.9 million yuan, which represents 6.05% of total assets[51] - The company’s long-term borrowings increased by 8.97% to 59.3 million yuan, accounting for 3.39% of total assets[51] - The company has 49.07 million yuan in restricted cash due to bank acceptance bill guarantees and pledged loans[52] - The total liabilities decreased to CNY 1,269,739,624.33 from CNY 1,325,241,265.28, a reduction of approximately 4.2%[134] - The company's total equity increased to CNY 482,140,062.36 from CNY 429,543,295.45, reflecting a growth of about 12.2%[134] Governance and Compliance - The company emphasizes the importance of product quality management to mitigate risks associated with product quality incidents[61] - The company did not propose any cash dividend distribution plan for the reporting period, despite having a positive profit available for distribution to ordinary shareholders[65] - The company has committed to avoiding any business activities that may compete directly or indirectly with Xin Nong Development, ensuring no conflicts of interest arise[66] - The company has implemented the new revenue recognition standards effective January 1, 2020, which introduced a five-step method for revenue recognition[68] - The company has maintained a good integrity status for both itself and its controlling shareholders during the reporting period[73] Audit and Internal Control - The independent auditor issued a standard unqualified opinion on the internal control audit report, confirming effective financial reporting internal controls as of December 31, 2020[118] - The audit report emphasizes the importance of evaluating the appropriateness of accounting policies and estimates made by management[128] - The company has implemented significant audit procedures to assess the appropriateness of revenue recognition and asset impairment, which are critical audit matters[125] Employee and Management Structure - The company has a total of 541 employees, with 32 in the parent company and 509 in major subsidiaries[101] - The employee composition includes 227 production personnel, 66 sales personnel, 76 technical personnel, 29 financial personnel, and 143 administrative personnel[101] - The company has established a scientific and standardized human resources policy to motivate employees and ensure fair treatment[102] - The board of directors operates independently, ensuring no interference from the controlling shareholder in decision-making[108] - The company continues to maintain a stable leadership structure with no significant changes in key positions during the reporting period[94] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 64,453, down from 69,988 at the end of the previous month[84] - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., Ltd., holds 153,815,575 shares, representing 40.32% of total shares[86] - The company has no strategic investors or general legal entities among the top 10 shareholders[87] - The actual controller is the State-owned Assets Supervision and Administration Commission of the First Division of the Xinjiang Production and Construction Corps, which oversees the management of state-owned assets[90] Financial Instruments and Accounting Policies - The company’s accounting policies comply with the requirements of the "Enterprise Accounting Standards," ensuring accurate financial reporting[172] - Financial assets are classified as measured at amortized cost if the business model is to collect contractual cash flows, and as fair value through other comprehensive income if the model is to both collect cash flows and sell the asset[184] - The company recognizes contract assets when it has the right to receive consideration for transferred goods or services, with impairment losses measured using the expected credit loss model[194]

Financial Performance - Operating revenue increased by 78.69% to CNY 191,204,473.51 year-on-year[5] - Net profit attributable to shareholders increased by 117.66% to CNY 22,880,827.01 compared to the same period last year[5] - Net cash flow from operating activities increased by 35.56% to CNY 33,759,848.35 year-on-year[5] - Basic earnings per share rose by 114.28% to CNY 0.06 compared to the previous year[5] - The company reported a net profit after deducting non-recurring gains and losses of CNY 19,241,780.77, an increase of 114.87% year-on-year[5] - Total operating revenue for Q1 2021 was CNY 191,204,473.51, a 78.6% increase from CNY 107,002,996.02 in Q1 2020[19] - Net profit for Q1 2021 reached CNY 22,461,162.88, compared to CNY 12,096,117.80 in Q1 2020, representing an increase of 85.5%[20] - Comprehensive income for Q1 2021 was CNY 22,385,200.26, compared to CNY 11,077,778.11 in Q1 2020, reflecting strong overall performance[20] - In Q1 2021, the company reported a net profit of CNY 2,690,521.40, a significant recovery from a net loss of CNY 44,243,631.26 in Q1 2020[22] Assets and Liabilities - Total assets decreased by 5.17% to CNY 1,661,297,114.85 compared to the end of the previous year[5] - Total liabilities decreased to ¥1,156,771,852.23, a reduction of 8.86% from ¥1,269,739,624.33[15] - The company's total assets as of March 31, 2021, were ¥1,661,297,114.85, down from ¥1,751,879,686.69, reflecting a decline of 5.16%[15] - Total assets decreased to CNY 1,535,384,865.77 in Q1 2021 from CNY 1,594,337,308.85 in Q1 2020[18] - Total liabilities decreased to CNY 612,299,691.08 in Q1 2021 from CNY 673,931,440.28 in Q1 2020[18] - The total equity attributable to shareholders increased to ¥516,764,014.50, up from ¥493,959,150.11, reflecting a growth of 4.61%[15] Shareholder Information - The total number of shareholders reached 67,228 at the end of the reporting period[10] - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., Ltd., holds 40.32% of the shares[10] Cash Flow and Financing Activities - Cash flow from operating activities increased to CNY 33,759,848.35 in Q1 2021, up from CNY 24,903,814.59 in Q1 2020, indicating improved operational efficiency[24] - The net cash flow from financing activities was negative at CNY -33,672,798.84 in Q1 2021, an improvement from CNY -45,289,348.41 in Q1 2020, indicating better management of financing[25] - The company reported a cash increase of $32,222,619.64 during the period, contrasting with a decrease of $71,720,646.95 in the previous period[28] - The total cash inflow from financing activities reached $144,141,770.68, compared to $135,474,376.00 in the prior period, indicating a growth of approximately 4.9%[28] - The total cash outflow from financing activities was $121,057,608.48, down from $206,958,096.39 in the prior period, indicating a reduction of approximately 41.5%[28] Expenses and Investments - Research and development expenses for Q1 2021 were CNY 1,976,876.38, compared to CNY 1,040,254.98 in Q1 2020, indicating a focus on innovation[19] - The company generated CNY 29,889,852.00 from the disposal of fixed assets in Q1 2021, a significant increase from CNY 675,854.94 in Q1 2020[25] - Cash inflow from investment activities was $889,852.00, compared to $400,000.00 in the previous period, reflecting a 122.5% increase[28] Other Financial Metrics - The weighted average return on equity increased by 2.29 percentage points to 4.64%[5] - The company recorded a significant reduction in financial expenses, decreasing from CNY 4,469,711.60 in Q1 2020 to CNY 1,181,871.85 in Q1 2021[22] - The company reported a credit impairment loss of CNY -2,022,246.02 in Q1 2021, an improvement from CNY -3,779,695.22 in Q1 2020[19] - The cash and cash equivalents at the end of Q1 2021 were CNY 86,035,393.35, compared to CNY 107,949,903.99 at the end of Q1 2020, reflecting a decrease of approximately 20.3%[25] - The company did not apply the new leasing standards for the current reporting period[29]

Financial Performance - The company's operating revenue for 2020 was CNY 556,230,065.25, a slight increase of 0.99% compared to CNY 550,803,077.66 in 2019[19]. - The net profit attributable to shareholders of the listed company reached CNY 38,241,556.44, representing a significant increase of 359.35% from CNY 8,325,227.07 in the previous year[19]. - The net cash flow from operating activities was CNY 81,179,775.35, a substantial increase from CNY 562,306.67 in 2019, marking a growth of 14,336.92%[19]. - The total assets at the end of 2020 were CNY 1,751,879,686.69, a slight decrease of 0.17% from CNY 1,754,784,560.73 in 2019[19]. - The net assets attributable to shareholders of the listed company increased by 11.50% to CNY 493,959,150.11 from CNY 443,022,535.59 in 2019[19]. - Basic earnings per share for 2020 were CNY 0.10, a 400% increase compared to CNY 0.02 in 2019[20]. - The weighted average return on net assets rose to 8.16%, an increase of 6.34 percentage points from 1.82% in 2019[20]. - The company reported a quarterly revenue of CNY 272,551,458.96 in Q4 2020, contributing significantly to the annual total[21]. - The net profit attributable to shareholders in Q4 2020 was CNY 25,631,166.6, indicating strong performance in the last quarter[21]. - The company reported a non-recurring profit of CNY 36,824,795.76 in 2020, compared to a loss of CNY 101,389,731.47 in 2019[24]. Business Operations - The company’s core business includes dairy processing and sales, seed processing and sales, and licorice deep processing, with significant contributions from subsidiaries[29]. - The dairy business primarily operates through Xin Nong Dairy, focusing on milk production and sales, with a production model based on market demand[29]. - The seed processing business is conducted through Tahe Seed Industry, with a focus on cotton and rice seeds, utilizing a "company + base + cooperative" model for seed breeding[30]. - The licorice product line is managed by Xin Nong Licorice, producing various licorice extracts and derivatives, with production plans adjusted based on market trends[30]. - The company’s competitive advantage lies in its regional agricultural resources and a strong supply chain in agricultural production materials and deep processing[33]. - The company aims to enhance its core competitiveness and scale through agricultural industrialization, benefiting from over ten years of experience in the industry[33]. Market Trends - The overall dairy industry in China shows significant growth potential, with low per capita consumption levels[31]. - The seed industry is currently facing challenges due to declining planting areas and rapid seed renewal rates[31]. - The licorice market has a wide range of applications in pharmaceuticals, food, and cosmetics, with over 100 compounds extracted from licorice[31]. Financial Management - Operating costs decreased by 9.97% to 418.88 million RMB, primarily due to staff reductions and lower management expenses[39]. - Sales expenses dropped significantly by 63.79% to 19.66 million RMB, attributed to the implementation of three institutional reforms[39]. - The company achieved a gross margin increase in the industrial sector by 15.62 percentage points, with a gross margin of 22.39%[41]. - Total costs for the period amounted to 413,672,267.99, a decrease of 10.68% compared to 463,121,191.26 in the same period last year[46]. - Direct materials accounted for 80.50% of total costs in the industrial sector, down from 83.50% year-over-year[46]. - The manufacturing expenses in the industrial sector increased by 28.14% to 34,200,376.20, compared to 26,690,073.80 in the previous year[46]. Shareholder Information - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital for the reporting period[5]. - The company reported a net profit attributable to ordinary shareholders of RMB 38,241,556.44 for the year 2020, with a profit distribution ratio of 0%[64]. - The company has not proposed any cash profit distribution plan despite having positive profits for the reporting period[64]. - The total number of ordinary shareholders at the end of the reporting period is 69,988[84]. - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., Ltd., holds 153,815,575 shares, representing 40.32% of total shares[86]. - The second largest shareholder, Xinyu Win at the Starting Point Enterprise Management Co., Ltd., increased its holdings by 2,703,200 shares, now holding 0.71%[86]. Governance and Compliance - The company appointed Da Xin Accounting Firm (Special General Partnership) as the auditor with a remuneration of RMB 850,000 for a term of one year[71]. - The internal control audit will also be conducted by Da Xin Accounting Firm with a fee of RMB 300,000[71]. - The company emphasizes risk management strategies to address management, industry, product quality, policy, project investment, and liquidity risks[58][59][60][61]. - The company strictly adheres to legal regulations and maintains a transparent governance structure to protect shareholder interests[107]. - The company has implemented a performance assessment system to determine the remuneration of directors and senior management based on annual performance indicators[99]. - The company held 4 shareholder meetings during the reporting period, including 1 annual meeting and 3 temporary meetings, passing a total of 22 resolutions[112]. Employee and Management Structure - The company has a total of 541 employees, with 32 in the parent company and 509 in major subsidiaries[102]. - The employee composition includes 227 production personnel, 66 sales personnel, 76 technical personnel, 29 financial personnel, and 143 administrative personnel[102]. - The company has established a scientific and standardized human resources policy to motivate employees and ensure fair treatment[103]. - The training program for 2020 focused on enhancing employee skills in management, team building, and effective management[104]. - The average age of the current board members and senior management is 46 years[95]. - The company has seen a consistent leadership structure with no significant changes in management roles during the reporting period[95]. Future Outlook - The company expects to achieve a revenue of 1.1 billion yuan in 2021, indicating a significant growth outlook[57]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming fiscal year[158]. - The company aims to improve its financial performance through strategic investments and potential mergers and acquisitions[158].

| 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 2020 年第三季度报告 一、 重要提示 2020 年第三季度报告 公司代码：600359 公司简称：新农开发 新疆塔里木农业综合开发股份有限公司 2020 年第三季度报告 1 / 25 | 目录 | | --- | 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人白宏本、主管会计工作负责人陈争跃及会计机构负责人（会计主管人员）许洋保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 25 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 1,708,411,873.71 1,754,784,560.73 -2.64% 归属于上市公司股东的 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 202,610,206.91, a decrease of 5.65% compared to CNY 214,737,504.13 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2020 was CNY 9,382,741.74, down 22.35% from CNY 12,083,344.09 in the previous year[16]. - Basic earnings per share for the first half of 2020 were CNY 0.02, a decrease of 33.33% compared to CNY 0.03 in the same period last year[17]. - The weighted average return on equity decreased to 2.16%, down 0.42 percentage points from 2.58% in the previous year[17]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 11,761,724.51 compared to a loss of CNY 21,865,860.68 in the same period last year, marking a 153.61% improvement[16]. Cash Flow - The net cash flow from operating activities increased significantly to CNY 27,540,633.36, a 182.13% improvement compared to a negative cash flow of CNY 33,532,079.7 in the same period last year[16]. - The net cash flow from operating activities improved by 182.13%, reaching ¥27.54 million, driven by increased sales collections[29]. - The net cash flow from investing activities decreased by 92.49% to ¥16.99 million, primarily due to uncollected asset transfer payments[29]. - The cash flow from operating activities generated a net inflow of CNY 27,540.63 million in the first half of 2020, recovering from a net outflow of CNY 33,532.08 million in the same period of 2019[77]. - The company's cash flow from financing activities resulted in a net outflow of CNY 84,001.41 million in the first half of 2020, compared to a net outflow of CNY 173,075.46 million in the same period of 2019[78]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 1,692,003,828.29, a decrease of 3.58% from CNY 1,754,784,560.73 at the end of the previous year[16]. - Total liabilities were CNY 1,250,921,154.38, down from CNY 1,325,241,265.28 at the end of 2019, indicating a reduction of approximately 5.6%[67]. - The company's current assets totaled CNY 792,294,539.06, a decrease from CNY 837,153,633.29 at the end of 2019, reflecting a decline of about 5.3%[65]. - Accounts receivable increased by 8.57% to 36,172,412.37, representing 2.14% of total assets compared to 1.90% last year[31]. - Current liabilities due within one year decreased by 30.55% to 94,767,864.28, representing 5.50% of total assets, primarily due to repayment of long-term bank loans[31]. Expenses - The cost of sales decreased by 10.28% to ¥131.10 million from ¥146.12 million, attributed to a reduction in sales volume[29]. - Sales expenses significantly dropped by 61.27% to ¥11.77 million, mainly due to departmental streamlining and reduced personnel costs[29]. - Management expenses decreased by 24.26% to ¥23.78 million, reflecting the company's efforts in organizational reform[29]. - Research and development expenses increased by 27.67% to ¥2.82 million, indicating a focus on innovation in the seed processing segment[29]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period is 65,535[54]. - The largest shareholder, Aral State-owned Assets Management Co., Ltd., holds 153,815,575 shares, representing 40.32% of the total shares[56]. - The company did not experience any changes in its share capital structure during the reporting period[52]. Risks and Compliance - The company faces management risks related to innovation in operational methods, requiring enhanced strategic planning and internal management to mitigate these risks[33]. - Industry risks include challenges from natural disasters affecting agricultural production, necessitating improved talent cultivation and information analysis to minimize losses[34]. - The company is exposed to policy risks that could impact operational performance, emphasizing the need for proactive monitoring of policy changes[35]. - There are no significant lawsuits or arbitration matters reported during the reporting period[43]. Accounting Policies - The company has implemented a new revenue recognition standard, resulting in a 100% decrease in advance receipts, which were previously recorded as contract liabilities[31]. - The company adheres to the accounting policies and estimates as per the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[98]. - The company’s financial statements are prepared based on the assumption of going concern, indicating a stable financial outlook[95]. Government Grants and Subsidies - Non-recurring gains and losses included a government subsidy of CNY 3,626,340.30, which was closely related to the company's normal business operations[19]. - The company recognizes government grants as deferred income and amortizes them over the useful life of the related assets[154]. Strategic Focus - The company is implementing a dual strategy of "milk source base + brand marketing" to enhance product quality and expand market reach, particularly in Zhejiang and surrounding areas[26]. - The company is focusing on improving its financial health and exploring new strategies for market expansion and product development in the upcoming quarters[86].

Financial Performance - The company's operating revenue for 2019 was ¥550,803,077.66, a decrease of 12.09% compared to ¥626,562,733.17 in 2018[17] - The net profit attributable to shareholders of the listed company was ¥8,325,227.07, a significant turnaround from a loss of ¥217,765,020.74 in 2018, representing an increase of 103.82%[17] - The net cash flow from operating activities was ¥562,306.67, down 97.78% from ¥25,360,643.11 in 2018[17] - The total assets decreased by 18.00% to ¥1,754,784,560.73 from ¥2,139,870,910.16 in 2018[17] - The net assets attributable to shareholders of the listed company decreased by 4.94% to ¥443,022,535.59 from ¥466,039,700.89 in 2018[17] - Basic earnings per share improved to ¥0.02 from a loss of ¥0.57 in 2018, marking an increase of 103.5%[18] - The weighted average return on net assets was 1.82%, an increase of 39.18 percentage points from -37.36% in 2018[18] - Non-recurring gains and losses totaled ¥102,526,255.35 in 2019, compared to a loss of ¥101,389,731.47 in 2018[22] - The company reported a significant increase in government subsidies recognized in the current period, amounting to ¥16,820,362.07, up from ¥12,746,091.77 in 2018[22] - The company reported a significant reduction in operating losses due to adjustments in its dairy sector[19] Assets and Liabilities - The fair value of other equity investments decreased by ¥36,054,964.37, from ¥60,559,243.64 at the beginning of the period to ¥24,504,279.27 at the end[24] - The financing receivables increased from ¥7,825,542.40 to ¥32,244,268.90, reflecting a change of -¥24,418,726.50 during the period[24] - The company's total assets amounted to 1.755 billion RMB, with net assets of 430 million RMB, and net assets attributable to the parent company at 443 million RMB[31] - The company's total liabilities decreased from ¥1,679,244,729.76 in 2018 to ¥1,325,241,265.28 in 2019, a reduction of approximately 21%[160] - The company's total equity decreased from ¥460,626,180.40 in 2018 to ¥429,543,295.45 in 2019, a decline of about 7%[160] - The company's retained earnings showed a slight improvement, moving from -¥902,171,442.50 in 2018 to -¥894,172,146.67 in 2019[160] Revenue and Costs - Operating revenue for the year was 551 million RMB, a decrease of 12.09% year-on-year, with main business revenue at 536 million RMB, down by 86 million RMB[34][35] - The total operating costs for 2019 were ¥632,136,636.03, down 12.2% from ¥720,428,093.00 in 2018[165] - The gross profit margin for the agricultural sector was 19.63%, a decrease of 11.21 percentage points year-on-year[39] - Total costs for the industrial sector decreased by 28.02% to approximately ¥224.90 million, compared to ¥315.88 million in the same period last year[43] - Agricultural sector costs increased by 4.36% to approximately ¥234.45 million, up from ¥200.66 million year-over-year[43] Market and Industry Conditions - The company faced significant risks related to structural adjustments in its dairy business, impacting profitability[19] - The overall seed industry is facing challenges due to declining planting areas and accelerated seed renewal rates[27] - The dairy product segment reported a sales volume of 22,529 tons, with revenue of 17,769 million RMB, showing a year-on-year decline of 39.20%[66] - The company is implementing a milk source development strategy focused on quality improvement and cost reduction, integrating surrounding dairy resources[55] - The seed processing and sales industry is expected to face intensified competition due to market saturation and regulatory changes[75] Research and Development - Research and development expenses increased by 27.98% to 7.68 million RMB, primarily due to increased investment in the Tahe Seed Industry Company[36] - The company has developed 43 new crop varieties, including 13 varieties of upland cotton and 6 varieties of rice, enhancing its competitive edge in the seed processing and sales industry[60] - The company is enhancing its product competitiveness by adopting new production processes and strengthening collaborations with pharmaceutical enterprises[55] Governance and Compliance - The company has not reported any instances of fund occupation or overdue payments during the reporting period[88] - The company has not encountered any non-standard audit opinions from its accounting firm[88] - The company has implemented new financial instrument standards, which classify financial assets into three categories based on the management's business model and cash flow characteristics[89] - The company has maintained a good integrity status for both itself and its controlling shareholders during the reporting period[96] - The audit opinion confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2019[147] Shareholder Information - The company has a total of 55,862 ordinary shareholders as of the end of the reporting period[110] - The largest shareholder, Aral State-owned Assets Management Co., holds 153,815,575 shares, representing 40.32% of total shares[112] - The company has not reported any changes in the total number of ordinary shares or share capital structure during the reporting period[108] - The company has not proposed any cash dividend distribution or capital reserve transfer plans in the past three years[84] Employee and Management Structure - The company has a total of 1,609 employees, with 1,042 in production, 133 in sales, 138 in technical roles, 68 in finance, and 228 in administration[126] - The company has established a scientific and standardized human resources policy, ensuring fair treatment and benefits such as "five insurances and one fund" for employees[128] - The company plans to focus on comprehensive training for all employees in 2020, emphasizing management, team building, and effective management[129] - The management team has remained consistent, with no major departures or changes in key positions noted[120] Future Outlook - For 2020, the company expects to achieve operating revenue of 647 million RMB[77] - The company aims to build an integrated industrial chain from forage planting to dairy processing, focusing on high-quality milk source advantages in southern Xinjiang[76] - The company plans to enhance its seed industry by developing a comprehensive chain from cotton planting to seed sales and agricultural services[76] - The company plans to explore more channels for executive incentives to enhance management motivation and retain talent[143]

2020 年第一季度报告 公司代码：600359 公司简称：新农开发 新疆塔里木农业综合开发股份有限公司 2020 年第一季度报告 1 / 20 | 一、重要提示 | 3 | | --- | --- | | 二、公司基本情况 | 3 | | 三、重要事项 | 6 | | 四、附录 | 7 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | | | | 减(%) | | | 总资产 | 1,754,004,931.49 | 1,754,784,560.73 | | -0.04 | | 归属于上市公司 | 452,516,613.32 | 443,022,535.59 | | 2.14 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | 24,903,814.59 | -39,936,441.49 ...

Financial Performance - Operating income for the first nine months was CNY 282,461,012.72, a decrease of 33.85% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 18,353,778.90, an improvement of 58.23% compared to the same period last year[6] - Total operating revenue for Q3 2019 was ¥67,723,508.59, a decrease of 42.1% compared to ¥116,817,138.89 in Q3 2018[22] - Total operating revenue for the first three quarters of 2019 was ¥282,461,012.72, down from ¥426,969,111.38 in the same period of 2018, a decrease of 33.8%[22] - Net loss for Q3 2019 was ¥30,187,752.26, compared to a net loss of ¥21,943,435.76 in Q3 2018, indicating a worsening of 37.5%[23] - The company reported a total comprehensive loss of ¥30,187,752.26 for Q3 2019, compared to a comprehensive loss of ¥21,943,435.76 in Q3 2018[24] Assets and Liabilities - Total assets decreased by 9.60% to CNY 1,934,550,182.28 compared to the end of the previous year[6] - Total liabilities amounted to CNY 1,503,554,502.34, compared to CNY 1,679,244,729.76 previously[16] - Current liabilities totaled CNY 1,151,871,521.36, down from CNY 1,309,874,161.65 in the previous period[15] - Non-current liabilities decreased to CNY 351,682,980.98 from CNY 369,370,568.11[16] - The company’s total liabilities and equity amounted to CNY 1,934,550,182.28, consistent with total assets[16] - Long-term payables increased by 39.04% to ¥23,326,525.45, mainly due to increased long-term payables in the dairy sector[10] Cash Flow - Net cash flow from operating activities was negative CNY 5,405,018.71, a decrease of 109.53% year-on-year[6] - Cash inflow from financing activities totaled 465,000,000.00 CNY, up from 335,650,500.00 CNY year-over-year[30] - The net cash flow from operating activities was -11,359,526.99 CNY, worsening from -5,230,791.99 CNY in the same period last year[33] - The company generated 296,816.62 million RMB in cash inflows from operating activities in the first three quarters of 2019, down from 473,900.49 million RMB in 2018[29] Shareholder Information - The total number of shareholders was 56,329 at the end of the reporting period[9] - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., held 40.32% of shares[9] Research and Development - Research and development expenses were reported at ¥3,282,116.44, reflecting a change in accounting policy[11] - Research and development expenses for the first three quarters of 2019 amounted to ¥3,282,116.44, with no data provided for the same period in 2018[22] Other Financial Metrics - The weighted average return on equity increased by 2.95 percentage points to -4.11%[6] - Basic and diluted earnings per share were both CNY -0.05, not applicable for comparison[6] - Investment income increased by 90.65% to ¥716,260.74, attributed to higher financial management returns[11] - Other comprehensive income showed a significant decline of 247.50%, resulting in a loss of -¥8,041,701.69 due to revaluation under new financial instrument standards[10]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥214,737,504.13, a decrease of 30.76% compared to ¥310,151,972.49 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥12,083,344.09, representing a significant increase of 154.54% from a loss of ¥22,153,521.27 in the previous year[17]. - The total operating revenue for the reporting period was approximately ¥214.74 million, a decrease of 30.76% compared to ¥310.15 million in the same period last year[35]. - The company reported a significant decrease in the net profit after deducting non-recurring gains and losses, which was -¥21,865,860.68 compared to -¥20,054,584.06 in the previous year, reflecting a decline of 9.03%[17]. - The total comprehensive income attributable to the parent company was -1,410,523.37 CNY, compared to -22,153,521.27 CNY in the same period last year, indicating a significant improvement[94]. - The net profit for the first half of 2019 was 261,687,901.06 CNY, a turnaround from a net loss of -246,578,414.08 CNY in the previous year[97]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 49.12%, reaching -¥33,532,079.70 compared to -¥65,900,303.94 in the same period last year[17]. - Net cash flow from investing activities surged by 2,656.50% to CNY 226,062,597.69, mainly due to the recovery of asset transfer payments[36]. - The company experienced a decrease in sales cash receipts, totaling 144,726,803.82 CNY, down from 218,247,907.33 CNY in the previous year[100]. - The net cash flow from operating activities for the first half of 2019 was -8,288,788.64 RMB, a decline from -3,768,597.22 RMB in the same period of 2018, indicating a worsening operational cash flow situation[104]. - The total cash inflow from operating activities was 1,621,415.67 RMB in the first half of 2019, a significant drop from 4,394,372.46 RMB in the same period of 2018[104]. Assets and Liabilities - The total assets decreased by 8.75% to ¥1,952,681,713.43 from ¥2,139,870,910.16 at the end of the previous year[17]. - The company's current assets totaled CNY 1,116,700,102.20, down from CNY 1,286,029,074.08 at the end of 2018, indicating a decline of approximately 13.2%[85]. - The total liabilities decreased to CNY 1,491,498,281.23 from CNY 1,679,244,729.76, a reduction of about 11.2%[87]. - The total amount of guarantees provided by the company, including those to subsidiaries, is RMB 412,700,000, which accounts for 89.49% of the company's net assets[65]. - The total balance of guarantees at the end of the reporting period, excluding those to subsidiaries, is RMB 295,500,000[65]. Business Operations - The company's main business includes seed processing and sales, dairy product processing and sales, and licorice deep processing, with significant contributions from subsidiaries[22]. - The seed processing and sales business is primarily conducted through the subsidiary Tower River Seed Industry, focusing on cotton, rice, wheat, and various vegetable seeds[24]. - The dairy product business, managed by Xin Nong Dairy, involves milk cow breeding and the production of liquid milk and milk powder, with a focus on quality improvement and brand marketing[28]. - The licorice product business, led by Xin Nong Licorice, produces various licorice extracts and is positioned to enhance market share despite industry consolidation challenges[30]. - The company aims to accelerate the integration and expansion of its dairy source bases while enhancing product quality and brand recognition, particularly in markets outside Xinjiang[33]. Risk Management - The company faces management risks due to challenges in management models, talent reserves, technological innovation, and market expansion as it scales its operations[44]. - The company emphasizes zero tolerance for product quality issues and is enhancing its quality management systems and risk assessment capabilities to prevent major quality incidents[45]. - The company acknowledges investment project risks due to uncertainties in market conditions and macro policies, ensuring projects are completed on time and within budget[47]. - The company is addressing liquidity risks by optimizing resource allocation and enhancing asset management to ensure efficient fund usage[47]. Corporate Governance - The company has not disclosed any plans for profit distribution or capital increase from reserves during the reporting period[4]. - The company committed to taking legal and effective measures to ensure that its controlled enterprises do not engage in the same business as Xin Nong Development, avoiding direct or indirect competition[53]. - The company will ensure that all related transactions are fair and conducted according to normal commercial practices, reducing and regulating such transactions[55]. - The company faced a significant lawsuit during the reporting period, with the court ruling against the company's appeal and maintaining the original judgment[56]. - The company has no major litigation or arbitration matters that were not disclosed in the interim announcements[57]. Accounting and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[124]. - The company has not made any changes to significant accounting estimates during the reporting period[190]. - The company recognizes government subsidies when there is clear evidence of eligibility and expected receipt of funds[184]. - The company has implemented new financial instrument standards and adjusted financial reporting accordingly, effective from January 2019[188]. - The company’s accounting currency is Renminbi (RMB)[127].