Financial Performance - In 2022, the company's operating revenue reached CNY 234,971,654.64, representing a year-on-year increase of 5.99% compared to CNY 221,697,131.31 in 2021[17]. - The net profit attributable to shareholders of the listed company was CNY 71,972,825.08, a significant increase of 89.66% from CNY 37,947,664.82 in the previous year[17]. - The basic earnings per share for 2022 was CNY 0.25, up 92.31% from CNY 0.13 in 2021[18]. - The company's total assets increased by 17.59% to CNY 898,255,742.37 at the end of 2022, compared to CNY 763,903,850.20 at the end of 2021[17]. - The net cash flow from operating activities was CNY 56,073,030.64, a decrease of 38.77% from CNY 91,583,248.67 in 2021[17]. - The company's net assets attributable to shareholders increased by 8.00% to CNY 573,023,967.44 at the end of 2022, compared to CNY 530,556,031.13 at the end of 2021[17]. - The weighted average return on equity rose to 13.04%, an increase of 5.80 percentage points from 7.24% in 2021[18]. - The company achieved a main business revenue of ¥230,614,203.42, with a main business profit of ¥109,192,517.01 and a net profit of ¥77,081,475.88 in 2022[43]. - The gross profit margin for the main business was 47.35%, a decrease of 2.90% from the previous year[64]. - The main business profit was 109,192,500 CNY, with a year-on-year growth of 1.42%[53]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 2 per 10 shares, totaling CNY 58,515,600.00, subject to approval at the shareholders' meeting[5]. - The company reported a cumulative undistributed profit of CNY 178,365,233.13 as of December 31, 2022[5]. - The company does not plan to increase capital reserves or distribute profits in other forms for the year[5]. - The company distributed a cash dividend of 1.00 RMB per 10 shares, totaling 58,515,600 RMB, which represents 81.30% of the net profit attributable to ordinary shareholders in the consolidated financial statements[143]. Production and Sales - The company processed a total of 15.98 million kilograms of finished goods, an increase of 8.07% compared to the previous year[29]. - The company sold 15.85 million kilograms of corn seeds, a growth of 1.52% year-on-year[30]. - The production of hybrid corn seeds was 1,598.02 million kg, with a sales volume of 1,585.03 million kg, reflecting a year-on-year increase of 1.52%[65]. - The company increased its sales efforts, capitalizing on the rising prices of corn commodities and the recovery in seed demand[53]. Research and Development - Total research and development (R&D) expenses amounted to 14.55 million yuan, representing 6.19% of operating revenue, with no capitalized R&D expenditures[68]. - The company has strengthened its research and development efforts, collaborating with institutions like China Agricultural University and Bayer[54]. - The company conducted breeding work on corn varieties suitable for different ecological zones, with over 800 acres tested during the reporting period[70]. - The company focuses on hybrid corn seed research, production, and sales, with key products including "Jingke 968" and "Deshan series"[46]. Market Position and Strategy - The company maintains a strong market position as a national high-tech enterprise and has established a good reputation among farmers for seed quality[50]. - The competitive landscape in the seed industry is intensifying, with ongoing mergers and strategic collaborations among leading companies[40]. - The company is positioned to benefit from favorable policies and support for the seed industry, as emphasized by the central government in 2022[36]. - The company is transitioning from a traditional production-oriented model to a service-oriented model, providing targeted products and technical support to large-scale farmers[49]. Governance and Compliance - The company is committed to improving its governance structure and internal controls in compliance with relevant laws and regulations[101]. - The company held 3 shareholder meetings during the reporting period, all conducted in compliance with relevant laws and regulations[102]. - The board of directors convened 6 meetings, ensuring adherence to the company's articles of association and board meeting rules[103]. - The company has maintained a clear separation from its controlling shareholder in terms of personnel, assets, finance, and operations, ensuring independent operations[102]. Financial Risks and Challenges - The company faces risks from policy changes, natural disasters, product development uncertainties, market fluctuations, and financial pressures due to the seasonal nature of seed production[92][95][96]. - The company is facing challenges from high levels of product homogeneity and low-price competition in the seed industry, impacting overall profitability[76]. - The company faces challenges from increasing competition and the rapid introduction of new corn varieties, which may impact market share[51]. Assets and Liabilities - The total current assets as of December 31, 2022, amounted to 691.25 million yuan, an increase from 545.15 million yuan in 2021, reflecting a growth of approximately 26.7%[190]. - Total liabilities rose to ¥269,757,392.05 in 2022, compared to ¥180,554,129.47 in 2021, indicating an increase of about 49.3%[191]. - Owner's equity reached ¥628,498,350.32 in 2022, up from ¥583,349,720.73 in 2021, reflecting a growth of approximately 7.7%[192]. - The company's retained earnings increased to ¥178,365,233.13 in 2022 from ¥140,403,530.53 in 2021, representing a rise of about 27%[192]. Shareholder Information - The largest shareholder, Wanxiang Agricultural Group Co., Ltd., holds 142,650,135 shares, representing 48.76% of the total shares[167]. - China Construction Bank holds 7,270,000 shares, accounting for 2.48% of the total shares[167]. - Agricultural Bank of China holds 5,470,700 shares, which is 1.87% of the total shares[168]. - The company has no significant changes in controlling shareholders during the reporting period[171].

Financial Performance - The company's operating revenue for Q1 2023 was ¥85,440,752.59, representing a year-on-year increase of 15.24%[4] - The net profit attributable to shareholders decreased by 17.47% to ¥34,527,980.25 compared to the same period last year[4] - Basic and diluted earnings per share were both ¥0.12, down 17.47% from the previous year[4] - Total operating revenue for Q1 2023 was CNY 85,440,752.59, an increase of 15.5% compared to CNY 74,144,767.95 in Q1 2022[19] - Net profit for Q1 2023 was CNY 38,397,175.53, a decrease of 17.5% from CNY 46,540,183.89 in Q1 2022[20] - Profit attributable to shareholders of the parent company for Q1 2023 was CNY 34,527,980.25, down 17.5% from CNY 41,835,474.71 in Q1 2022[20] - Basic and diluted earnings per share for Q1 2023 were CNY 0.118, compared to CNY 0.143 in Q1 2022[20] - The total comprehensive income for Q1 2023 was -294,777.27 RMB, compared to -524,979.93 RMB in Q1 2022, reflecting a year-over-year improvement of approximately 43.7%[31] Cash Flow - The net cash flow from operating activities was negative at -¥12,929,688.85, a decline of 227.23% year-on-year[4] - Operating cash inflow for Q1 2023 was CNY 76,174,174.88, an increase of 7.8% from CNY 71,009,979.56 in Q1 2022[22] - Net cash outflow from operating activities was CNY -12,929,688.85, compared to a net inflow of CNY 10,162,566.18 in the same period last year[22] - Cash inflow from sales of goods and services was CNY 74,657,601.16, an increase of 5.4% from CNY 70,733,233.87 in Q1 2022[22] - The total cash inflow from operating activities in Q1 2023 was 98,818.61 RMB, compared to 38,723.56 RMB in Q1 2022, marking an increase of approximately 155.5%[33] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥913,699,007.29, an increase of 1.72% from the end of the previous year[4] - Total assets as of the end of Q1 2023 were CNY 913,699,007.29, an increase from CNY 898,255,742.37 at the end of Q1 2022[16] - Total liabilities as of the end of Q1 2023 were CNY 246,803,481.44, down from CNY 269,757,392.05 at the end of Q1 2022[16] - Total equity as of the end of Q1 2023 was CNY 666,895,525.85, an increase from CNY 628,498,350.32 at the end of Q1 2022[16] - Total assets as of March 31, 2023, were CNY 482,562,619.01, slightly down from CNY 482,902,847.06 at the end of 2022[27] - Total liabilities remained stable at CNY 1,325,911.92, compared to CNY 1,371,362.70 at the end of 2022[27] - Owner's equity as of March 31, 2023, was CNY 481,236,707.09, a slight decrease from CNY 481,531,484.36 at the end of 2022[28] Expenses and Investments - Total operating costs for Q1 2023 were CNY 67,949,774.62, up 18.6% from CNY 57,217,252.93 in Q1 2022[19] - Research and development expenses for Q1 2023 were CNY 1,691,015.00, compared to CNY 1,804,860.20 in Q1 2022[19] - Investment income for Q1 2023 was CNY 20,150,000.00, down from CNY 29,250,000.00 in Q1 2022[19] - Investment cash inflow for Q1 2023 was CNY 20,150,000.00, down 31.1% from CNY 29,250,000.00 in Q1 2022[23] - The company reported investment income of 45,000,000.00 RMB in Q1 2023, down from 63,000,000.00 RMB in Q1 2022, indicating a decrease of about 28.6%[33] Government Support and Other Income - The company received government subsidies amounting to ¥736,158.82 during the period, which are closely related to its normal business operations[7] - The company received 11,065.15 RMB in tax refunds during Q1 2023, which was not reported in Q1 2022[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,568[9] - The weighted average return on equity decreased by 1.74 percentage points to 5.85%[4]

Financial Performance - The company's operating revenue for Q3 2022 was ¥49,270,781.59, representing a year-on-year increase of 41.15%[4] - The net profit attributable to shareholders for the same period was ¥6,709,449.70, reflecting a significant increase of 17.50% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥6,324,625.05, up 13.47% compared to the previous year[4] - The basic earnings per share for the year-to-date period was ¥0.0229, an increase of 17.44% year-on-year[4] - Total revenue for the first three quarters of 2022 reached ¥173,451,255.35, an increase of 11.5% compared to ¥155,359,369.02 in the same period of 2021[18] - Operating income for the first three quarters of 2022 was ¥30,393,739.12, compared to ¥22,135,438.30 in 2021, indicating a growth of 37.2%[18] - The total profit for Q3 2022 was CNY 61,526,591.03, a significant increase from CNY 26,314,671.70 in Q3 2021, representing a growth of approximately 134%[19] - Net profit attributable to shareholders of the parent company reached CNY 55,221,625.41, compared to CNY 23,385,276.17 in the same period last year, marking an increase of about 136%[20] - Basic and diluted earnings per share for Q3 2022 were both CNY 0.1887, up from CNY 0.0799 in Q3 2021, reflecting an increase of approximately 136%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥858,458,262.34, marking a 12.38% increase from the end of the previous year[5] - The equity attributable to shareholders was ¥556,519,856.54, which is a 4.89% increase compared to the end of the previous year[5] - Total assets as of September 30, 2022, were ¥858,458,262.34, compared to ¥763,903,850.20 at the end of 2021, reflecting an increase of 12.4%[13] - Total liabilities as of September 30, 2022, were ¥247,839,750.58, up from ¥180,554,129.47 at the end of 2021, indicating a rise of 37.2%[14] - The company's equity attributable to shareholders as of September 30, 2022, was ¥556,519,856.54, compared to ¥530,556,031.13 at the end of 2021, an increase of 4.9%[14] - The total non-current assets as of September 30, 2022, were CNY 282,290,623.25, slightly down from CNY 282,291,690.35 at the end of 2021, showing a negligible decrease[27] - The total liabilities remained stable at ¥6,054,979.05, slightly up from ¥6,029,379.70[28] Cash Flow - The company reported a net cash flow from operating activities of ¥116,965,753.83, reflecting a year-on-year increase of 6.31%[4] - Cash flow from operating activities for the first nine months of 2022 was CNY 116,965,753.83, compared to CNY 110,022,544.98 in the same period of 2021, showing a slight increase of about 6%[23] - The company reported cash inflows from operating activities totaling CNY 249,150,932.11 for the first nine months of 2022, compared to CNY 185,367,268.61 in the same period of 2021, representing an increase of about 34%[23] - The net cash flow from investing activities for the first nine months of 2022 was CNY 28,116,580.00, a recovery from a negative cash flow of CNY 1,847,000.00 in the same period of 2021[24] - Cash flow from operating activities showed a net outflow of ¥1,657,290.89, an improvement from a net outflow of ¥3,057,124.58 in the previous year[36] - The company’s cash flow from financing activities included dividend payments totaling ¥29,257,800.00, unchanged from the previous year[36] - The net cash flow from financing activities was -$29,257,800[37] - The net increase in cash and cash equivalents was $32,084,909.11[37] Expenses and Investments - Total operating costs for the first three quarters of 2022 were ¥143,057,516.23, up from ¥133,223,930.72 in 2021, reflecting an increase of 7.0%[18] - Research and development expenses for the first three quarters of 2022 amounted to ¥7,485,266.75, an increase from ¥6,637,898.28 in 2021, representing a rise of 12.8%[18] - The company reported a management expense of ¥1,902,750.45 for the first three quarters of 2022, down from ¥3,542,273.33 in the same period of 2021, a reduction of approximately 46.3%[32] - The company achieved an investment income of ¥45,000,000.00, compared to ¥63,000,000.00 in the previous year, reflecting a decrease of about 28.6%[32] - The company received dividends from invested entities, which significantly contributed to the increase in net profit and earnings per share[6]

Financial Performance - The company's basic earnings per share increased by 174.50% to CNY 0.1658 compared to the same period last year[16]. - The net profit attributable to shareholders increased by 174.47% to CNY 48,512,175.71, driven by dividends of CNY 29,250,000 from its subsidiary[16]. - The operating revenue for the first half of the year was CNY 124,180,473.76, representing a 3.10% increase year-on-year[16]. - The company reported a significant increase in the weighted average return on net assets, rising by 5.56 percentage points to 8.98%[16]. - The company's revenue for the reporting period was approximately ¥124.18 million, representing a 3.10% increase compared to ¥120.45 million in the previous year[37]. - The net profit attributable to shareholders increased primarily due to dividends received from the subsidiary, totaling RMB 29.25 million, compared to no dividends in the same period last year[39]. - Net profit for the first half of 2022 reached RMB 54,040,504.91, compared to RMB 19,932,753.17 in the previous year, marking a growth of 170.9%[89]. - Profit attributable to shareholders of the parent company was RMB 48,512,175.71, up from RMB 17,675,035.56, reflecting a growth of 174.5%[89]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 58.35% to CNY 11,338,049.72 compared to the previous year[16]. - The company maintained a strong cash flow position, with net cash from operating activities supporting ongoing investments and operational needs[94]. - Operating cash inflow for the first half of 2022 was CNY 111,085,893.64, an increase of 35.5% compared to CNY 81,908,083.53 in the same period of 2021[95]. - The ending balance of cash and cash equivalents increased to CNY 418,066,796.85, up from CNY 350,015,431.98 at the end of the first half of 2021[96]. - The company’s cash flow management strategies have resulted in a significant increase in cash reserves, indicating a strong liquidity position[96]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 770,201,871.13, a slight increase of 0.82% from the end of the previous year[16]. - Total liabilities decreased to CNY 167,069,445.49 from CNY 180,554,129.47, a reduction of about 7.4%[83]. - Owner's equity rose to CNY 603,132,425.64 from CNY 583,349,720.73, indicating an increase of approximately 3.4%[83]. - Total current assets amounted to CNY 201,372,515.72, up from CNY 186,993,748.92, an increase of about 7.4%[85]. - The total owner's equity at the end of the reporting period is 561,056,524 RMB, with a capital reserve of 75,479,200 RMB and an undistributed profit of 84,361,500 RMB[115]. Research and Development - Research and development expenses amounted to ¥4.14 million, down 8.46% from ¥4.53 million in the previous year[37]. - The company plans to enhance its research capabilities through a dual strategy of independent and cooperative development, aiming to mitigate risks associated with product development and market performance[46]. - The company has established partnerships with domestic and international research institutions, including Bayer and the Chinese Academy of Agricultural Sciences, to enhance its seed variety offerings[30]. Market and Industry Conditions - The agricultural sector is experiencing a reduction in market disruptions due to regulatory actions, improving the market environment[20]. - The company anticipates a decrease in the number of corn varieties approved for market, which may reduce homogenization in the industry[21]. - The company faces rising production costs due to increased labor and material prices, impacting overall profitability[23]. - The company has focused on enhancing its service model, transitioning from traditional sales to a value-based marketing approach[31]. - The company has maintained a strong market position, with its brand recognized for high quality and reliability among farmers[28]. Corporate Governance and Structure - The company does not plan to distribute mid-term profits or increase capital reserves during this reporting period[4]. - The company has undergone changes in its board of directors, with new appointments including Zhu Jianfang and Cheng Jie as directors[53]. - The largest shareholder, Wanxiang Agricultural Group, holds 142,650,135 shares, representing 48.76% of the total shares[74]. - The company has three subsidiaries included in the consolidated financial statements, with no changes compared to the previous year[133]. Risk Management - The company faces risks including changes in industrial policies, natural disasters affecting seed production, and uncertainties in product research and development[43][44]. - Financial risks are managed by strengthening budget management, improving sales progress, and maintaining good relationships with financial institutions[48]. - To address market risks, the company will implement a premium strategy to improve seed quality and enhance brand effect through comprehensive marketing efforts[47]. Compliance and Legal Matters - The company had no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[59]. - The company’s financial transactions with related parties were conducted at market rates, ensuring compliance with regulatory standards[60]. - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[58]. Accounting and Financial Reporting - The financial report was approved by the board of directors on August 19, 2022[132]. - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect its financial status accurately[135]. - There were no changes in the audit opinion from the previous year’s annual report, reflecting consistent financial practices[59].

Group 1: Event Details - The event is titled "2022 Investor Online Collective Reception Day and Performance Briefing" [1] - Scheduled for May 12, 2022, from 14:30 to 16:30 [1] - Organized by Heilongjiang Provincial Listed Companies Association and Shenzhen Panorama Network Co., Ltd. [1] Group 2: Company Participation - Participants from the company include the General Manager, Board Secretary, and relevant personnel [1] - The company aims to enhance communication with investors and improve investor relations management [1] Group 3: Investor Engagement - The company is collecting questions from investors prior to the event to address common concerns [1] - Investors can submit questions until May 12, 2022, at 12:00 via a dedicated webpage [1] - The company encourages active participation from investors [1]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 74,144,767.95, representing a year-on-year increase of 1.43%[5] - Net profit attributable to shareholders for Q1 2022 reached CNY 41,835,474.71, a significant increase of 221.23% compared to the same period last year[5] - The basic earnings per share for Q1 2022 was CNY 0.14, reflecting a growth of 221.23% year-on-year[5] - Total revenue for Q1 2022 reached ¥74,144,767.95, an increase of 1.43% compared to ¥73,099,476.92 in Q1 2021[19] - Operating profit for Q1 2022 was ¥46,537,966.99, significantly up from ¥14,512,754.12 in Q1 2021, indicating a growth of 220.57%[19] - The company reported a total comprehensive income of 46,540,183.89 CNY for Q1 2022, compared to 14,633,835.20 CNY in Q1 2021, reflecting a growth of approximately 218.5%[20] Assets and Liabilities - The total assets at the end of Q1 2022 amounted to CNY 802,046,528.81, up 4.99% from the end of the previous year[6] - Total assets increased to ¥802,046,528.81 as of March 31, 2022, compared to ¥763,903,850.20 at the end of 2021, marking a growth of 5.88%[15] - Total liabilities decreased to ¥172,156,624.19 in Q1 2022 from ¥180,554,129.47 in Q1 2021, a reduction of 4.83%[16] - Cash and cash equivalents as of March 31, 2022, were ¥451,185,033.31, up from ¥412,772,467.13 as of December 31, 2021[14] - Total current assets as of March 31, 2022, were 186,406,109.43 CNY, slightly down from 186,993,748.92 CNY at the end of 2021[26] Cash Flow - The net cash flow from operating activities for Q1 2022 was CNY 10,162,566.18, showing a decrease of 32.40% compared to the previous year[5] - Cash flow from operating activities for Q1 2022 was 10,162,566.18 CNY, down from 15,033,507.17 CNY in Q1 2021, indicating a decrease of about 32.5%[22] - The net cash flow from investing activities for Q1 2022 was 28,250,000.00 CNY, compared to a negative cash flow of -910,300.00 CNY in Q1 2021, indicating a significant improvement[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,537[9] - The largest shareholder, Wanxiang San Nong Group Co., Ltd., held 48.76% of the shares[10] Investment and R&D - The company reported an investment income of ¥29,250,000.00 in Q1 2022, reflecting successful investment strategies[19] - Research and development expenses for Q1 2022 were ¥1,804,860.20, slightly up from ¥1,682,738.30 in Q1 2021, indicating continued investment in innovation[19] - The company achieved investment income of ¥63,000,000.00 in Q1 2022, indicating successful investment activities[33] Profitability Metrics - The company's net profit margin improved significantly, with operating profit margin rising due to lower operating costs[19] - Basic and diluted earnings per share for Q1 2022 were both 0.1430 CNY, compared to 0.0445 CNY in Q1 2021, reflecting an increase of approximately 221.3%[20] - The company recorded other income of ¥28,130.87 in Q1 2022, down from ¥109,757.56 in Q1 2021[30]

Financial Performance - In 2021, the company's operating revenue was CNY 221,697,131.31, a decrease of 7.65% compared to CNY 240,058,209.59 in 2020[18]. - The net profit attributable to shareholders was CNY 37,947,664.82, down 31.26% from CNY 55,200,627.41 in the previous year[18]. - The basic earnings per share decreased to CNY 0.13, down 31.58% from CNY 0.19 in 2020[19]. - The weighted average return on equity was 7.24%, a decrease of 3.63 percentage points compared to 10.87% in 2020[19]. - The gross profit margin for the main business was 50.25%, an increase of 2.1 percentage points year-on-year[62]. - The company achieved operating revenue of ¥221,697,131.31, a decrease of 7.65% year-on-year[58]. - The net profit attributable to the parent company was ¥37,947,664.82, down 31.26% compared to the previous year[58]. - The main reason for the decline in revenue was a decrease in sales volume due to ongoing adjustments in product structure[59]. - The company completed sales revenue of 221.70 million yuan and a profit of 42.56 million yuan in 2021, with a decline attributed to a decrease in overall variety sales[84]. Cash Flow and Investments - The net cash flow from operating activities was CNY 91,583,248.67, a significant recovery from a negative cash flow of CNY -15,190,511.33 in 2020[18]. - The company’s investment activities generated a net cash outflow of ¥2,517,497.84, a decrease of 115.93% compared to the previous year[59]. - The total R&D investment amounted to 13,771,171.22 yuan, representing 6.21% of operating revenue[68]. Seed Production and Sales - In 2021, the company achieved a seed production of approximately 14 million kilograms, an increase of 27% compared to the previous year[29]. - The company implemented a seed production area of 13,700 acres, a decrease of 49.7% year-on-year, effectively alleviating inventory pressure[28]. - The sales volume of seeds reached 15.61 million kilograms, a decline of 15% from the previous year, with new varieties showing growth but older varieties declining[30]. - The company produced 1,478.73 million kg of hybrid corn, while sales volume was 1,561.27 million kg, reflecting a decrease of 14.58% year-on-year[63]. Research and Development - The company is focusing on enhancing its research and development capabilities, with eight corn varieties passing national approval during the reporting period[26]. - The company is committed to improving its research and development capabilities while strengthening the tracking of cooperative developments and new varieties[96]. - The company has 22 R&D personnel, accounting for 12% of the total workforce[69]. Market Position and Strategy - The company has established a strong market position as a national high-tech enterprise and a key player in the seed industry, with a reputation for high-quality seeds[51]. - The company is enhancing its competitive edge through strategic adjustments, increasing research collaborations, and optimizing sales channels to better serve farmers[54]. - The company is focusing on value marketing and enhancing service support to improve customer satisfaction and brand reputation[57]. - The company is developing a premium strategy to enhance seed quality and increase added value through technical services[96]. Governance and Compliance - The company has held 3 shareholder meetings and 7 board meetings during the reporting period, ensuring compliance with governance regulations[100][102]. - The company strictly adhered to the regulations regarding insider information management, ensuring no leaks occurred during the reporting period[107]. - The company has not faced any penalties from securities regulatory agencies in the past three years[121]. - The company has not encountered any non-compliance issues with its major shareholders or actual controllers during the reporting period[163]. Shareholder and Board Matters - The company appointed Wang Zheng as the new General Manager on March 16, 2022[115]. - The company has seen a leadership change with several resignations due to work adjustments and personal reasons[115]. - The total remuneration for all directors, supervisors, and senior management was 1.9344 million yuan before tax[119]. - The company has a remuneration decision-making process for directors and supervisors that is determined by the shareholders' meeting[118]. Financial Position - Total assets at the end of 2021 were CNY 763,903,850.20, an increase of 2.36% from CNY 746,279,032.47 in 2020[18]. - The total current assets reached RMB 545,149,484.33, compared to RMB 513,252,399.03 in the previous year, indicating an increase of about 6.2%[199]. - The company's total liabilities were RMB 180,554,129.47, up from RMB 168,897,461.36 in 2020, representing an increase of approximately 5.5%[200]. - Cash and cash equivalents stood at RMB 412,772,467.13, an increase from RMB 359,964,516.30 in 2020, marking a growth of approximately 14.7%[199].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 34,907,595.71, a decrease of 10.43% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 5,710,240.61, down 5.32% year-on-year, while the net profit after deducting non-recurring gains and losses decreased by 49.31% to CNY 5,573,888.52[4][7]. - Total revenue for the first three quarters of 2021 was ¥155,359,369.02, a decrease of 5.6% compared to ¥164,612,438.87 in the same period of 2020[20]. - Net profit attributable to shareholders for the first three quarters of 2021 was ¥23,385,276.17, a decline of 43.4% from ¥41,331,531.38 in the same period of 2020[21]. - The total comprehensive income for Q3 2021 was CNY 26,314,671.70, a decrease of 43.1% compared to CNY 46,202,523.35 in Q3 2020[22]. - Basic and diluted earnings per share for Q3 2021 were CNY 0.0799, down from CNY 0.141 in Q3 2020, representing a decline of 43.3%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 107.27% to CNY 110,022,544.98, primarily due to an increase in advance payments for seeds[7]. - Net cash flow from operating activities for the first three quarters of 2021 was CNY 110,022,544.98, an increase of 107.5% compared to CNY 53,080,978.67 in the same period of 2020[24]. - Cash inflow from operating activities totaled CNY 185,367,268.61, up 25.2% from CNY 148,060,721.36 in the first three quarters of 2020[24]. - Cash outflow from operating activities decreased to CNY 75,344,723.63, down 20.8% from CNY 94,979,742.69 in the same period last year[24]. - The net cash flow from investing activities was negative CNY 1,847,000.00, a significant decline from a positive CNY 14,921,411.28 in the first three quarters of 2020[25]. - Cash and cash equivalents at the end of Q3 2021 stood at CNY 431,882,261.28, slightly down from CNY 434,425,774.84 at the end of Q3 2020[25]. Assets and Liabilities - Total assets as of the end of the reporting period were CNY 759,901,489.86, reflecting a slight increase of 1.83% from the end of the previous year[5]. - The company's total assets as of September 30, 2021, amounted to ¥759,901,489.86, an increase from ¥746,279,032.47 at the end of 2020[15]. - Current assets totaled ¥536,567,140.77 as of September 30, 2021, compared to ¥513,252,399.03 at the end of 2020, indicating a growth of approximately 4.2%[14]. - The total liabilities as of September 30, 2021, were ¥192,463,047.05, up from ¥168,897,461.36 at the end of 2020, marking an increase of approximately 13.9%[16]. - The total liabilities amounted to CNY 161,237,646.52, remaining stable compared to the previous reporting period[29]. - Total liabilities amounted to 168,897,461.36, with non-current liabilities at 7,659,814.84[30]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,099[10]. - The largest shareholder, Wanxiang San Nong Group Co., Ltd., held 48.76% of the shares, totaling 142,650,135 shares[10][11]. - The equity attributable to shareholders decreased by 1.12% to CNY 516,292,711.81 compared to the end of the previous year[5]. - Total equity attributable to shareholders reached 522,165,235.64, with retained earnings of 137,651,677.75[30]. - Total equity, including minority interests, was 577,381,571.11[30]. Operational Insights - The company did not report any significant new product developments or market expansion strategies during this quarter[12]. - The company has not disclosed any new product developments or market expansion strategies in this report[31]. - No mergers or acquisitions were mentioned in the conference call[31]. - The company did not provide specific future guidance or performance outlook in this report[31].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥120,451,773.31, a decrease of 4.13% compared to the same period last year[15]. - The net profit attributable to shareholders was ¥17,675,035.56, down 49.93% year-on-year[15]. - The net profit after deducting non-recurring gains and losses was ¥14,127,806.71, a decline of 58.27% compared to the previous year[15]. - The company achieved a main business revenue of ¥118,910,749.10, with a main business profit of ¥49,512,272.07 and a net profit of ¥22,577,176.14 during the reporting period[40]. - The company's operating income decreased by 4.13% to ¥120,451,773.31, primarily due to a decline in seed sales prices[32]. - The total comprehensive income for the first half of 2021 was ¥19,932,753.17, down 49.5% from ¥39,449,796.08 in the first half of 2020[91]. - Operating profit for the first half of 2021 was CNY 16,714,008.48, a decline of 57.5% compared to CNY 39,218,990.66 in the first half of 2020[90]. - The net profit for the first half of 2021 was CNY 19,932,753.17, down 49.5% from CNY 39,449,796.08 in the same period last year[90]. Cash Flow and Assets - The net cash flow from operating activities increased by 95.40% to ¥27,219,015.68[15]. - The company's operating cash flow increased significantly by 95.40% to ¥27,219,015.68, attributed to reduced cash payments for goods and services[36]. - Cash and cash equivalents as of June 30, 2021, were RMB 350,015,431.98, slightly down from RMB 359,964,516.30 at the end of 2020, indicating a decrease of about 2.7%[83]. - The total assets at the end of the reporting period were ¥687,096,188.42, a decrease of 7.93% from the end of the previous year[15]. - The total cash outflow from operating activities in the first half of 2021 was ¥54,689,067.85, compared to ¥71,737,746.44 in the first half of 2020, indicating a reduction of 23.8%[97]. - The total liabilities decreased from RMB 168,897,461.36 at the end of 2020 to RMB 126,039,664.14, reflecting a reduction of about 25.5%[85]. - The company's inventory decreased from RMB 151,911,560.02 at the end of 2020 to RMB 96,911,807.27, representing a decline of about 36.2%[84]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,811[73]. - The largest shareholder, Wanxiang San Nong Group Co., Ltd., held 142,650,135 shares, representing 48.76% of the total shares[75]. - The company has no changes in controlling shareholders or actual controllers during the reporting period[79]. - There were no changes in the company’s share capital structure during the reporting period[72]. Research and Development - The company continues to focus on the research, production, and sales of hybrid corn seeds, including varieties like "Jingke 968" and "Zhengdan 958"[21]. - The company plans to enhance its R&D capabilities through a dual strategy of independent and collaborative development, aiming to reduce market risks associated with new varieties[45]. - Research and development expenses for the first half of 2021 were CNY 4,527,148.98, an increase of 10.4% compared to CNY 4,102,806.84 in the first half of 2020[90]. Market Strategy and Risks - The company is collaborating with international seed companies to enhance its variety reserves and optimize transgenic varieties[28]. - The company is facing risks related to policy changes, natural disasters, and uncertainties in product research and development[42][43]. - The company faces significant seasonal risks in seed production and sales, requiring advance planning for production and sales, which can lead to discrepancies in actual performance[44]. - A premium strategy will be implemented to improve seed quality and brand effect through differentiated marketing and enhanced technical services[46]. - The company plans to continue expanding its market presence and investing in new technologies[98]. Management and Governance - The company has undergone significant management changes, including the election of new directors and a general manager, which may impact strategic direction[52]. - The financial report was approved by the board of directors on August 20, 2021[129]. - The company is committed to maintaining good relationships with financial institutions to ensure adequate funding for operations[48]. Compliance and Environmental Responsibility - There are no reported environmental penalties or significant environmental disclosures, indicating compliance with environmental regulations[56]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[133]. Financial Liabilities and Equity - The company's total equity attributable to shareholders was reported at $545,599,822, with a decrease of $29,257,800.00 from the previous period[106]. - The total equity at the end of the reporting period was 577,981,618 RMB, an increase from 525,061,172 RMB[114]. - The company’s retained earnings decreased by 29,257,800 RMB during the period[117]. - The total capital contributions from owners remained stable at 292,578,000 RMB[118]. Accounting Policies - The company recognizes direct expenses incurred during business combinations in the current period's profit and loss upon occurrence[139]. - The company assesses whether multiple transactions constitute a "package deal" for accounting purposes, impacting how they are recorded[147]. - The company measures inventory at the lower of cost and net realizable value, recognizing impairment losses when necessary[168]. - The company applies the equity method for long-term equity investments where it has joint control or significant influence, while using the cost method for investments where it has control[179].

Financial Performance - Net profit attributable to shareholders decreased by 3.37% to CNY 13,023,653.42 year-on-year[6] - Operating income increased by 1.37% to CNY 73,099,476.92 compared to the same period last year[6] - Basic earnings per share dropped by 25.709% to CNY 0.0445[6] - Total operating revenue for Q1 2021 was CNY 73,099,476.92, an increase of 1.37% compared to CNY 72,113,559.78 in Q1 2020[24] - Net profit for Q1 2021 was CNY 14,633,835.20, a decrease of 3.01% from CNY 15,087,277.42 in Q1 2020[26] - The company reported a total comprehensive income of CNY 14,633,835.20 for Q1 2021, compared to CNY 15,087,277.42 in Q1 2020[27] - The company’s total profit for Q1 2021 was CNY 14,633,835.20, a decrease of 3.01% from CNY 15,087,277.42 in Q1 2020[26] Assets and Liabilities - Total assets decreased by 2.74% to CNY 725,817,156.80 compared to the end of the previous year[6] - Total assets decreased from CNY 746.28 billion as of December 31, 2020, to CNY 725.82 billion as of March 31, 2021, representing a decline of approximately 2.06%[17] - Current assets totaled CNY 496.41 billion as of March 31, 2021, down from CNY 513.25 billion at the end of 2020, a decrease of about 3.52%[17] - Non-current assets totaled CNY 229.41 billion as of March 31, 2021, down from CNY 233.03 billion, a decrease of about 1.54%[17] - Total liabilities decreased from CNY 168.90 billion to CNY 133.80 billion, a reduction of approximately 20.79%[18] - Shareholders' equity increased from CNY 577.38 billion to CNY 592.02 billion, reflecting a growth of about 2.56%[18] - The total liabilities and shareholders' equity amounted to CNY 437,783,356.89 as of the end of Q1 2021, a slight decrease from CNY 439,240,309.09 at the end of Q1 2020[23] Cash Flow - Net cash flow from operating activities surged by 633.23% to CNY 15,033,507.17 compared to the previous year[6] - In Q1 2021, the cash inflow from operating activities was CNY 44,865,120.61, an increase of 3.36% compared to CNY 43,406,228.39 in Q1 2020[35] - The cash outflow from operating activities decreased significantly to CNY 29,831,613.44 in Q1 2021 from CNY 41,355,906.74 in Q1 2020, resulting in a net cash flow from operating activities of CNY 15,033,507.17[35] - The net increase in cash and cash equivalents for Q1 2021 was CNY 14,123,207.17, compared to CNY 110,221.65 in Q1 2020[36] - The ending balance of cash and cash equivalents as of the end of Q1 2021 was CNY 374,087,723.47, down from CNY 389,039,606.54 at the end of Q1 2020[36] Shareholder Information - The total number of shareholders reached 50,175 at the end of the reporting period[10] Expenses - Total operating costs for Q1 2021 were CNY 59,015,097.79, up from CNY 57,582,259.00 in Q1 2020, reflecting a growth of 2.49%[24] - Research and development expenses for Q1 2021 were CNY 1,682,738.30, slightly up from CNY 1,669,704.52 in Q1 2020[24] - The company experienced a decrease in sales expenses, which were CNY 7,759,516.58 in Q1 2021 compared to CNY 6,566,304.03 in Q1 2020, indicating a rise of 18.19%[24] - Employee compensation payments increased to CNY 11,235,445.72 in Q1 2021, up from CNY 9,627,098.24 in Q1 2020, reflecting a 16.67% increase[35] Other Financial Metrics - The weighted average return on equity decreased by 0.31 percentage points to 2.40%[6] - Significant increase in prepayments by 456.97% to CNY 5,987,502.72, mainly for seed payments[12] - Other receivables increased by 332.88% to CNY 1,304,326.66, primarily for base seed deposits[12] - Operating income from non-operating activities rose by 1885.14% to CNY 422,023.08, mainly from clearing previous years' receivables[12]