Financial Performance - The company's operating revenue for the first half of 2021 reached ¥642,039,884.14, representing a 102.83% increase compared to ¥316,543,319.60 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥4,759,451.16, up 98.78% from ¥2,394,325.35 in the previous year[18]. - The net cash flow from operating activities increased by 215.37%, amounting to ¥397,770,470.36 compared to ¥126,127,952.02 in the same period last year[18]. - Basic earnings per share increased by 98.04% to CNY 0.0101 compared to the same period last year[20]. - Diluted earnings per share also rose by 98.04% to CNY 0.0101 year-on-year[20]. - The weighted average return on equity increased by 34.39 percentage points to 0.7010%[20]. - The company reported a significant improvement in net profit after deducting non-recurring gains and losses, with a figure of ¥5,550,960.57 compared to a loss of ¥14,108,151.80 in the same period last year[18]. Assets and Liabilities - The total assets decreased by 19.13%, from ¥1,761,579,393.07 at the end of the previous year to ¥1,424,566,254.02 at the end of the reporting period[19]. - The total liabilities decreased to CNY 755,172,967.39 from CNY 1,101,168,376.32, reflecting a reduction of approximately 31.4%[116]. - The company's equity reached 669 million CNY, an increase of 1.36% from the beginning of the year[47]. - The asset-liability ratio improved to 53.01%, down by 9.50 percentage points from the beginning of the year[47]. - Cash and cash equivalents at the end of the period amounted to 261.34 million, an increase of 204.17% compared to the previous year, primarily due to sales receipts from subsidiaries and a new bank loan of 50 million[59]. - Inventory at the end of the period was 120.85 million, a decrease of 80.25% from the previous year, mainly due to sales of cotton and related products[60]. Operational Highlights - The company operates in the agriculture sector, focusing on the cotton industry and logistics, with a strategy of "dual drive"[24]. - The cotton processing and sales business accounts for over 70% of the company's total revenue on average over the past decade[32]. - The company processed over 200,000 tons of seed cotton, with a significant increase in production capacity and quality improvements[44]. - The company has established 14 subsidiaries involved in cotton processing, enhancing its operational scale in the cotton industry[44]. - The logistics and warehousing services have become a key focus area for the company, responding to the growing demand in the domestic logistics sector[33]. Market Conditions - The global cotton supply is expected to be relatively abundant, with an estimated global cotton production increase of 4.7-4.9% for the 2021/22 season[26]. - Domestic cotton prices have stabilized after a period of rapid increase, influenced by government measures to stabilize commodity prices[25]. - The company anticipates fluctuations in cotton prices due to uncertainties in the macroeconomic environment and potential weather impacts[27]. - The overall market for cotton is expected to gradually return to fundamentals, with a projected global cotton inventory of 20.259 million tons, the third highest since 1960[26]. Corporate Governance - The company appointed Gong Qiaoli as a new independent director, replacing Li Jipeng, who resigned for personal reasons[74]. - Chen Jianjiang was officially appointed as the company's general manager after serving in an acting capacity since September 2020[77]. - The company is focused on enhancing corporate governance through the appointment of new board members and committee members[75]. - The company has implemented a contract-based management system in three wholly-owned subsidiaries to enhance production efficiency and management accountability[79]. Environmental and Social Responsibility - The company has not reported any environmental penalties or issues related to its operations[82]. - The company strictly adhered to national and local environmental protection laws and regulations during the reporting period, with no environmental pollution incidents occurring[83]. - The company has further improved its environmental management system, implementing a series of requirements for subsidiaries to enhance environmental hygiene management and emergency measures[84]. Investment and Financing - The company plans to issue up to 123,696,324 new shares in a private placement, with the approval received from the China Securities Regulatory Commission on July 14, 2021[102]. - The total amount of funds raised from this private placement is expected to be no more than 608.5 million RMB, allocated to three projects: Hubei Logistics Phase II expansion (180.38 million RMB), Keli Logistics dedicated line expansion (298.12 million RMB), and repayment of bank loans (130 million RMB)[103]. - The company is actively preparing for the issuance of new shares as per the regulatory requirements and has submitted necessary documentation[102]. Risk Management - The management has provided a detailed risk description in the report, highlighting potential risks associated with future operations[6]. - The company faces risks from macroeconomic fluctuations, particularly due to the ongoing impacts of the COVID-19 pandemic, which has led to a slowdown in the domestic cotton spinning and apparel industry[66]. - The competition for raw materials is expected to intensify due to an increase in cotton processing enterprises in Xinjiang, which could drive up raw material prices and compress profit margins for cotton-related products[68].

Group 1: Event Details - The company will participate in the 2021 Xinjiang Listed Companies Investor Online Reception Day on June 18, 2021, from 15:00 to 17:30 [1] - The event will be held online via the platform provided by Shenzhen Panorama Network Co., Ltd. [1] - Investors can access the event through the "Investor Relations Interactive Platform" website or the WeChat public account "Panorama Finance" [1] Group 2: Company Representatives - The attendees from the company include Mr. Chen Jianjiang, General Manager and Secretary of the Board, and Mr. Gao Weiquan, Financial Director and Securities Affairs Representative [1] Group 3: Investor Engagement - The company encourages investors to actively participate in the event to gain insights into its situation, development strategy, operational status, financing plans, equity incentives, and sustainable development [1]

新疆赛里木现代农业股份有限公司 2021 年第一季度报告 公司代码：600540 公司简称：新赛股份 新疆赛里木现代农业股份有限公司 2021 年第一季度报告 新疆赛里木现代农业股份有限公司董事会 2021 年 4 月 27 日编制 1 / 22 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 12 | 新疆赛里木现代农业股份有限公司 2021 年第一季度报告 一、 重要提示 1.3 公司负责人马晓宏、主管会计工作负责人高维泉及会计机构负责人（会计主管人员）李洁 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 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 | 1,408,398,808.25 | 1,761,579,393.07 | | -20.05 | | 归属于上市公司股东的净资产 | 682,282, ...

Financial Performance - In 2020, Xinjiang Sayram Modern Agriculture Co., Ltd. achieved a consolidated net profit of CNY 8.52 million, a decrease of 57.92% compared to CNY 20.88 million in 2019[6]. - The company's operating revenue for 2020 was CNY 1.12 billion, down 18.92% from CNY 1.38 billion in 2019[22]. - The basic earnings per share for 2020 were CNY 0.0187, a decrease of 57.79% from CNY 0.0443 in 2019[23]. - The total net profit for 2020 was significantly impacted by non-recurring losses, totaling ¥27,307,144.33 for the year[24]. - The company reported a net profit attributable to the parent company of CNY 21.55 million for the year, with accumulated undistributed profits at the beginning of the year at CNY -42.13 million[6]. - The company reported a net profit of 8.52 million yuan, a decrease of 57.19% compared to the previous period's profit of 19.91 million yuan, primarily due to a reduction in product sales volume and a revenue decline of 261 million yuan[53]. - The company’s debt-to-asset ratio increased to 62.51%, up 2.25 percentage points from the beginning of the year[48]. - The company’s cash flow from operating activities was negative at CNY -215.73 million, a decrease of 320.85% compared to the previous year[50]. Assets and Liabilities - The net assets attributable to shareholders of the listed company increased by 1.09% to CNY 676.58 million at the end of 2020, compared to CNY 669.27 million at the end of 2019[22]. - The total assets of the company rose by 8.85% to CNY 1.76 billion at the end of 2020, compared to CNY 1.62 billion at the end of 2019[22]. - Cash and cash equivalents decreased by 158.93 million yuan, a decline of 64.91% compared to the beginning of the year, primarily due to increased inventory and slower cash recovery[75]. - Short-term borrowings increased by 190.46 million yuan, a rise of 33.89%, primarily due to slower cash recovery from increased inventory[76]. - The total balance of investments in subsidiaries at the end of the period was 572,708,670.55 CNY, with an increase of 3,000,000 CNY during the reporting period[113]. Operational Strategy - The company aims to strengthen its core cotton business by leveraging Xinjiang's cotton resource advantages and expanding vertically along the supply chain[30]. - The strategic focus has shifted to a dual-core business model, emphasizing cotton and logistics, to enhance product value and mitigate risks[30]. - The company plans to engage in mergers and acquisitions to integrate high-quality cotton processing enterprises and expand its market presence[30]. - The company is committed to modern agricultural industrialization, integrating agriculture, industry, science, and trade[30]. - The company is actively seeking strategic partnerships and financing opportunities to strengthen its control over quality cotton resources[39]. Market and Industry Trends - In 2020, Xinjiang's cotton production reached 5.161 million tons, a 3% increase from the previous year, accounting for 87.3% of the national total[31]. - The average annual domestic cotton supply-demand gap over the past three years is approximately 2.4 million tons, with expectations for continued growth in demand[31]. - The logistics industry is experiencing rapid development, with a focus on cold chain logistics to meet the increasing demand for fresh agricultural products[34]. - The company is exploring development plans for its cotton business based on advanced production technologies from the region, aiming to meet industry demands and expand profitability[87]. Investment and Financing - The company plans to invest CNY 1.2 billion in a new 300,000-ton polyester elastic fiber project[42]. - The company is undergoing a private placement of A-shares, with approval from the relevant authorities received on September 4, 2020[163]. - The company has increased its equity stake in Xinjiang Puyao New Building Materials Co., Ltd. from 15% to 24.72% through a capital increase, amounting to an investment of 49,093,127.33 CNY[111]. Governance and Management - The company has established a cash dividend policy, aiming for a minimum cash dividend ratio of 80% during mature stages without major capital expenditures[142]. - The company has appointed Sigma Accounting Firm for a five-year audit period with a remuneration of RMB 65,000 for the financial audit and RMB 30,000 for internal control audit[149]. - The company has revised six important governance rules to align with the latest laws and regulations, enhancing its governance structure[165]. - The company reported a leadership change with Liu Jiang resigning as CEO on September 4, 2020, and Chen Jianjiang temporarily taking over the role[199]. Social Responsibility and Compliance - The company maintained a zero occurrence of COVID-19 cases through strict pandemic prevention measures, including 20 deployment meetings and 7 inspections throughout the year[172]. - The company donated 200,000 yuan to the Red Cross Society and provided 1.34 tons of alcohol and 2,500 KF94 masks to local hospitals and the epidemic prevention command[172]. - The company established an environmental management system, ensuring compliance with national and local environmental protection standards without any pollution incidents reported[176][177].

Financial Performance - Operating revenue decreased by 26.75% to CNY 406,071,809.94 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders was CNY 1,856,987.83, a significant recovery from a loss of CNY 18,631,168.64 in the previous year[6] - The company reported a net profit of CNY 2,374,214.95, a significant increase compared to a net loss of CNY 18,124,383.05 in the previous period[22] - Operating revenue decreased by 28.60% to CNY 38,457.20 million from CNY 53,861.39 million in the previous period[20] - The company reported a net profit of 2.37 million yuan, an increase of 2,049.86 million yuan compared to a net loss of 18.12 million yuan in the same period last year[26] - Net profit for the first three quarters of 2020 was ¥25,143,383.22, compared to ¥209,651,489.80 in the same period of 2019, indicating a significant decline[42] - Net profit for Q3 2020 was CNY 5,456,009.59, a significant decrease compared to a loss of CNY 193,747,386.32 in the same period last year[48] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 50.09% to CNY 62,546,063.92 for the first nine months compared to the same period last year[6] - Cash and cash equivalents increased by 57.94% to CNY 386,718,226.41 from CNY 244,848,411.21 at the beginning of the period[15] - The net cash flow from operating activities was 62.55 million yuan, a decrease of 50.09% or 62.78 million yuan compared to the previous year[28] - Cash inflow from financing activities totaled 403,850,000.00 RMB in Q3 2020, compared to 302,000,000.00 RMB in Q3 2019, reflecting a growth of around 33.7%[54] - The total cash inflow from operating activities was 97,670,430.54 RMB in the first three quarters of 2020, compared to 50,121,686.44 RMB in the same period of 2019, showing an increase of approximately 94.6%[53] Assets and Liabilities - Total assets increased by 4.78% to CNY 1,695,767,613.70 compared to the end of the previous year[6] - Cash and cash equivalents decreased to ¥14,626,382.82 from ¥42,354,567.99, a decline of 65.4%[37] - The company’s total liabilities increased to 935.43 million yuan from 836.78 million yuan at the end of the previous year[35] - Total assets as of September 30, 2020, amounted to ¥1,511,247,043.64, an increase from ¥1,460,990,444.69 at the end of 2019[39] - Total liabilities reached ¥616,731,375.53 as of September 30, 2020, compared to ¥568,419,032.25 at the end of 2019, marking an increase of 8.8%[39] Shareholder Information - The total number of shareholders reached 42,881 by the end of the reporting period[12] - The largest shareholder, Xinjiang Aibi Lake Agricultural Industrial Corporation, holds 42.17% of the shares[12] Government Support and Subsidies - The company received government subsidies closely related to its normal operations, amounting to CNY 7,890,073.00 for the first nine months[8] Research and Development - The company experienced a 45.98% reduction in R&D expenses, totaling CNY 339,443.15 compared to CNY 628,411.06 in the previous period[21] - The company’s R&D expenses for the first three quarters of 2020 were ¥339,443.15, down from ¥628,411.06 in the same period of 2019, a decrease of 46.0%[42] Future Plans - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[6] - The company plans to proceed with a non-public issuance of A-shares, pending approval from the China Securities Regulatory Commission[30]

Financial Performance - In the first half of 2020, the company achieved a consolidated net profit of CNY 3.31 million, with a net profit attributable to the parent company of CNY 2.39 million[6]. - The company's operating revenue for the first half of 2020 was CNY 316.54 million, a decrease of 29.43% compared to the same period last year[19]. - The net profit attributable to the parent company was CNY 2.39 million, an increase of 119.15% year-on-year[28]. - Basic earnings per share for the first half of 2020 were CNY 0.0051, compared to a loss of CNY 0.0265 in the same period last year[20]. - The company reported a total profit of CNY 3,331,422.62 for the first half of 2020, contrasting with a total loss of CNY 10,985,602.86 in the same period of 2019[89]. - The net loss for the first half of 2020 was reported at CNY 647,993,013.52, compared to a loss of CNY 650,387,338.87 in the previous period, indicating a slight improvement[81]. Cash Flow and Investments - The net cash flow from operating activities was CNY 126.13 million, a significant increase of 8,015.24% compared to the previous year[19]. - Net cash flow from operating activities increased to CNY 126,128,000, up CNY 124,573,800 or 8,000.00% year-over-year, primarily due to reduced purchases of cotton and changes in the consolidation scope[36]. - Net cash flow from investing activities was CNY -20,142,700, a decline of CNY 13,080,000 compared to the previous year's CNY -7,062,700, mainly due to increased fixed asset investments[37]. - Net cash flow from financing activities was CNY -146,647,500, a decrease of CNY 58,267,600 from the previous year's CNY -88,379,900, attributed to reduced financing scale[37]. - The company reported a significant increase in other income, which rose by 209.87% to CNY 3.25 million[35]. - The company’s investment income increased by 65.56% to CNY 11.67 million compared to the previous year[35]. Assets and Liabilities - The total assets decreased by 13.67% to CNY 1.40 billion compared to the end of the previous year[19]. - Total liabilities decreased to CNY 750,625,794.66 from CNY 975,188,283.43, reflecting a decline of around 23.1%[81]. - The company's total equity increased slightly to CNY 646,508,880.09 from CNY 643,200,430.81, showing a marginal growth of about 0.4%[81]. - Long-term payables increased to CNY 468,663,000, up CNY 228,632,000 or 95.25% from the beginning of the year, primarily due to new leasing borrowings[44]. - The company reported a decrease in total equity of CNY 12,500,671.84 during the current period, indicating potential financial strain[107]. Operational Highlights - The company's cotton production in Xinjiang accounts for over 80% of the national total, with cotton income representing approximately 35% of farmers' income in the region[24]. - The company has invested in upgrading dust removal equipment for six cotton processing enterprises to enhance core competitiveness and ensure environmental compliance[31]. - The company plans to expand its market share in cotton trading within Xinjiang to strengthen its position in the cotton industry[24]. Risk Management - The company has outlined potential risks and strategies in its annual report, emphasizing the importance of investor awareness regarding investment risks[7]. - The company faces macroeconomic fluctuation risks that could significantly impact its operational performance if not managed properly[50]. - The company is undergoing reforms related to state-owned enterprises, which may involve risks associated with asset clearance and debt management[50]. Governance and Shareholder Information - The company did not declare any cash dividends or capital reserve transfers due to previous years' losses[6]. - The largest shareholder, Xinjiang Aibi Lake Agricultural and Industrial Union Co., Ltd., holds 198,602,959 shares, accounting for 42.17% of total shares[69]. - The company conducted a board and supervisory committee election on April 28, May 20, and June 1, 2020, with new appointments made[75]. Environmental and Compliance - The company has established an environmental management system and has not been classified as a key pollutant discharge unit by environmental protection authorities[60]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[53]. Accounting and Financial Reporting - The company adheres to the accounting principles of historical cost and fair value for financial reporting[123]. - The company confirms that its financial statements accurately reflect its financial position and operating results[125]. - The company recognizes impairment losses on financial assets measured at amortized cost and fair value, including receivables and debt investments[150].

证券代码：600540 证券简称：新赛股份 公告编号：2020-019 新疆赛里木现代农业股份有限公司 关于参加 2020 年新疆辖区上市公司 投资者网上集体接待日活动的公告 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 2020 年 6 月 24 日下午 15:00-17:30 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 2020 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 · 路 演 天 下 " 网 站 （http://rs.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 2020 年 6 月 24 日（星期三） 15:00—17:30。 公司出席本次集体接待日的人员有：公 ...

Financial Performance - In 2019, Xinjiang Sayram Modern Agriculture Co., Ltd. achieved a consolidated net profit of CNY 19.91 million, with a net profit attributable to shareholders of CNY 20.88 million[5]. - The company's operating revenue for 2019 was CNY 1.38 billion, representing a year-on-year increase of 7.54% compared to CNY 1.28 billion in 2018[20]. - The net profit attributable to shareholders decreased significantly, with a loss of CNY 47.47 million after excluding non-recurring gains and losses[20]. - Cash flow from operating activities showed a substantial improvement, reaching CNY 97.68 million, a 412.27% increase from CNY 19.07 million in 2018[20]. - Total assets at the end of 2019 were CNY 1.62 billion, down 15.06% from CNY 1.91 billion at the end of 2018[20]. - The diluted earnings per share for 2019 was CNY 0.0443, a slight increase of 2.55% from CNY 0.0432 in 2018[22]. - The weighted average return on net assets was 3.18%, a decrease of 0.0253 percentage points compared to 3.2053% in 2018[22]. - The company reported a significant quarterly fluctuation in net profit, with a loss of CNY 10.48 million in Q1 and a profit of CNY 39.51 million in Q4[23]. - The company reported a non-recurring profit of RMB 68,352,813.57 in 2019, an increase from RMB 38,880,309.79 in 2018, representing a growth of 75.9%[25]. - The company achieved a sales revenue of CNY 1,380,228,765.64, representing a year-on-year growth of 7.54%[43]. - Net profit for the period was CNY 1,990,950, with the net profit attributable to the parent company at CNY 2,088,100[43]. - The company reported a significant increase in investment income of 46,108,800 RMB, a growth of 200.68%, mainly from the sale of equity and profits from wind power investments[45]. - The company reported a net loss of CNY 650,387,338.87 for 2019, an improvement from a loss of CNY 671,268,295.09 in 2018[190]. - Total revenue for 2019 reached ¥1,380,228,765.64, an increase of 7.57% compared to ¥1,283,510,819.63 in 2018[195]. - Net profit for 2019 was ¥19,909,519.76, a decrease of 37.25% from ¥31,665,909.22 in 2018[196]. Assets and Liabilities - Total assets decreased by 15.06% year-on-year to CNY 161,838,870[43]. - Total liabilities decreased by 32.22% year-on-year to CNY 97,518,830[43]. - The company's total assets saw a notable increase in credit impairment losses, rising by 18,609,600 RMB, a staggering 379.62% increase from the previous year[45]. - Total assets as of December 31, 2019, amounted to CNY 1,618,388,714.24, a decrease from CNY 1,905,277,321.28 in 2018, reflecting a decline of approximately 15.1%[191]. - Current assets totaled CNY 836,461,315.02, down from CNY 1,241,851,499.19 in 2018, indicating a decrease of about 32.6%[189]. - Total liabilities were CNY 975,188,283.43, compared to CNY 1,438,758,504.23 in the previous year, representing a reduction of approximately 32.3%[190]. - The total liabilities to total assets ratio improved to approximately 60.3% in 2019 from 75.6% in 2018, indicating better financial stability[191]. Operational Performance - The company has outlined potential risks and strategies in its annual report, emphasizing the importance of investor awareness regarding investment risks[6]. - The company is focused on expanding its cotton processing and trading operations in Xinjiang to increase market share in the cotton industry[28]. - The company has adopted a modern agricultural industrialization model, integrating agriculture, industry, science, and trade[28]. - The company plans to enhance its market position in the cotton industry by leveraging its resource advantages in Xinjiang[28]. - The company aims to enhance product competitiveness by reducing production and operational costs while extending the product and industrial chains[101]. - The company is focused on maintaining safety production and health management systems to ensure a stable operational environment[116]. - The company is actively seeking strategic partnerships and potential acquisitions to expand its market share and operational scale in the public service sector[115]. Research and Development - Research and development expenses increased by 152.91% to CNY 1,005,046.91[44]. - The company has invested in quartz and limestone mines, aligning with national strategic development goals for renewable energy and resource processing[30]. - The company has been recognized as a high-tech enterprise in agricultural industrialization, with advanced cotton processing technology[84]. - The company has established an annual training plan to enhance employees' professional skills and overall quality, focusing on management, technical personnel, and frontline staff[160]. Risk Management - The company faces significant risks from macroeconomic fluctuations, particularly in the cotton industry, which may impact operational performance if not managed effectively[117]. - There are risks associated with state-owned enterprise reforms, including potential losses from the restructuring of underperforming entities[117]. - The company has established a robust accounts receivable collection system, but faces risks related to collection difficulties due to adverse economic conditions[118]. Governance and Compliance - The company has actively fulfilled its information disclosure obligations, ensuring transparency and protecting shareholder rights[135]. - The company has not encountered any significant issues regarding independence from the controlling shareholder, ensuring autonomous operational capabilities[166]. - The board of directors and supervisory board operate independently, ensuring fair and reasonable transactions with the controlling shareholder[163]. - The company has implemented a compensation policy based on fairness, competitiveness, and legality, combining basic and performance-based salaries, with performance pay adjusted dynamically according to company and employee performance metrics[159]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 27,289, down from 33,934 at the end of the previous month[141]. - The largest shareholder, Xinjiang Aibi Lake Agricultural and Industrial Corporation, holds 198,602,959 shares, representing 42.17% of the total shares[143]. - The company did not propose any cash dividend distribution for the fiscal year 2019, with retained earnings of 20,880,956.22 RMB[122]. Environmental and Social Responsibility - The company has established an environmental management system and has not been involved in any environmental pollution incidents during the reporting period[138]. - The company donated over 300,000 RMB in cash and materials to support COVID-19 prevention efforts[136].

[I. Important Notice](index=3&type=section&id=I.%20Important%20Notice) [1.1 Statement on Report Authenticity](index=3&type=section&id=1.1%20Statement%20on%20Report%20Authenticity) The company's board, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, disclaiming false statements or omissions, and assume legal responsibility; this report is unaudited - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility[7](index=7&type=chunk) - Company head Ma Xiaohong, accounting supervisor Gao Weiquan, and head of the accounting department Li Jie declare the financial statements in the quarterly report are true, accurate, and complete[7](index=7&type=chunk) - This first quarter report is unaudited[7](index=7&type=chunk) [II. Company Profile](index=3&type=section&id=II.%20Company%20Profile) [2.1 Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) The company achieved a net profit attributable to shareholders of **1.804 million yuan** in Q1 2020, reversing losses, with operating cash flow increasing by **536.81%**; total assets decreased by **16.17%**, and operating revenue by **24.97%**, with non-recurring gains and losses totaling **6.678 million yuan** Non-recurring Gains and Losses (Unit: Yuan, Currency: RMB) | 项目 | 本期金额 | 说明 | | :--- | :--- | :--- | | Government subsidies included in current profit and loss | 3,964,232.77 | Deferred income from Wushi Oil Company, Jingfang Company, Wenquan Mining Company, Keli Company, Zhengda Calcium Industry Company, etc., transferred to other income; headquarters ethnic trade interest subsidies, textile freight subsidies, Xinmin government subsidies | | Funds occupation fees collected from non-financial enterprises included in current profit and loss | 535,105.57 | Interest collected on loans to Puyao Glass | | Fair value change gains and losses from holding transactional financial assets, derivative financial assets, etc., and investment income from disposing of transactional financial assets, etc. | 41,464.16 | Xinsai Jingfang futures trading income | | Other non-operating income and expenses apart from the above items | 2,506,987.52 | Bohui Agriculture Company's inability to pay resulted in non-operating income of 2.84 million yuan, epidemic donation of 0.34 million yuan | | Impact of minority interests (after tax) | -63,231.67 | | | Income tax impact | -306,254.94 | | | **Total** | **6,678,303.41** | | 2020 First Quarter Key Financial Data Overview (Unit: Yuan, Currency: RMB) | 指标 | 本报告期末/年初至报告期末 | 上年度末/上年初至上年报告期末 | 变动率 (%) | | :--- | :--- | :--- | :--- | | Total assets | 1,356,664,657.99 | 1,618,388,714.24 | -16.17 | | Net assets attributable to listed company shareholders | 671,077,477.11 | 669,273,497.15 | 0.27 | | Net cash flow from operating activities | 113,278,128.68 | -25,933,171.28 | -536.81 | | Operating revenue | 218,140,575.13 | 290,733,707.49 | -24.97 | | Net profit attributable to listed company shareholders | 1,803,979.96 | -10,483,353.61 | (Turned loss into profit) | | Net profit attributable to listed company shareholders after deducting non-recurring gains and losses | -4,874,323.45 | -13,499,242.84 | (Loss narrowed) | | Weighted average return on net assets (%) | 0.0027 | -0.0164 | Increased by 0.0191 percentage points | | Basic earnings per share (yuan/share) | 0.0038 | 0.0056 | -32.14 | | Diluted earnings per share (yuan/share) | 0.0038 | 0.0056 | -32.14 | [2.2 Shareholder Holdings at Period-End](index=4&type=section&id=2.2%20Shareholder%20Holdings%20at%20Period-End) As of the end of the reporting period, the company's total share capital was **470,923,313 shares**; Xinjiang Aibihu Agricultural, Industrial and Commercial United Enterprise General Company is the largest shareholder with **42.17%**, a state-owned legal entity, while other top ten shareholders are individuals, each holding less than **1.28%**, with no disclosed related party relationships Top Ten Shareholders' Holdings (Unit: Shares) | 股东名称（全称） | 期末持股数量 | 期末持股比例 (%) | 股份状态 | 股东性质 | | :--- | :--- | :--- | :--- | :--- | | Xinjiang Aibihu Agricultural, Industrial and Commercial United Enterprise General Company | 198,602,959 | 42.17 | Unrestricted | State-owned legal entity | | Liu Min | 6,008,285 | 1.28 | Unknown | Unknown | | Wang Wei | 5,106,400 | 1.08 | Unknown | Unknown | | Yang Mei | 4,974,000 | 1.06 | Unknown | Unknown | | Hu Qingsong | 3,901,343 | 0.83 | Unknown | Unknown | | Ding Min | 3,642,000 | 0.77 | Unknown | Unknown | | Liu Yongsheng | 2,692,300 | 0.57 | Unknown | Unknown | | Qiu Yusang | 2,573,000 | 0.55 | Unknown | Unknown | | Shu Jinhai | 2,224,200 | 0.47 | Unknown | Unknown | | Zhang Yaoming | 2,220,000 | 0.47 | Unknown | Unknown | - Xinjiang Aibihu Agricultural, Industrial and Commercial United Enterprise General Company is affiliated with the State-owned Assets Supervision and Administration Commission of the Fifth Division of Xinjiang Production and Construction Corps[10](index=10&type=chunk) - Excluding the largest shareholder, it is unknown whether other shareholders have related party relationships or are acting in concert as defined by the "Measures for the Administration of the Takeover of Listed Companies"[10](index=10&type=chunk) [2.3 Preferred Shareholder Information at Period-End](index=5&type=section&id=2.3%20Preferred%20Shareholder%20Information%20at%20Period-End) As of the end of the reporting period, the company had no preferred shareholders - Not applicable[10](index=10&type=chunk) [III. Significant Events](index=5&type=section&id=III.%20Significant%20Events) [3.1 Analysis of Major Changes in Financial Statement Items and Indicators](index=5&type=section&id=3.1%20Analysis%20of%20Major%20Changes%20in%20Financial%20Statement%20Items%20and%20Indicators) The company's major financial statement items and indicators underwent significant changes in Q1 2020, with the balance sheet showing substantial decreases in monetary funds, inventories, short-term borrowings, and advances from customers, while notes receivable and prepayments increased; the income statement reflected a turnaround to net profit, driven by significant growth in other operating income, other income, investment income, and non-operating income, coupled with reductions in taxes and surcharges, administrative expenses, financial expenses, and credit impairment losses; the cash flow statement showed operating cash flow turning positive and a significant decrease in net cash flow from financing activities [1. Major Balance Sheet Changes](index=6&type=section&id=1.%20Major%20Balance%20Sheet%20Changes) The balance sheet shows significant decreases in monetary funds, inventories, short-term borrowings, and advances from customers, primarily due to bank loan repayments, smooth product sales, and timely cash collection; notes receivable and prepayments increased, reflecting new business expansion and increased advance payments for goods Major Balance Sheet Changes (Period-end vs. Period-beginning) | 项目 | 期末金额 (元) | 期初金额 (元) | 变动金额 (元) | 变动率 (%) | | :--- | :--- | :--- | :--- | :--- | | Monetary funds | 156,932,855.59 | 244,848,411.21 | -87,915,555.62 | -35.91 | | Notes receivable | 5,664,000.00 | 600,000.00 | 5,064,000.00 | 844.00 | | Prepayments | 59,345,768.85 | 35,124,935.49 | 24,220,833.36 | 68.96 | | Inventories | 168,999,355.12 | 363,150,508.15 | -194,151,153.03 | -53.46 | | Short-term borrowings | 372,500,000.00 | 561,100,000.00 | -188,600,000.00 | -33.61 | | Advances from customers | 44,828,247.83 | 79,037,615.33 | -34,209,367.50 | -43.28 | | Taxes payable | 1,940,039.04 | 5,534,915.74 | -3,594,876.70 | -64.95 | - Monetary funds decreased by **35.91%**, mainly due to the company repaying **70 million yuan** in bank loans during the period[14](index=14&type=chunk) - Inventories decreased by **53.46%**, primarily due to earlier-than-usual sales of lint, cotton yarn, and calcium oxide products, leading to reduced inventory[14](index=14&type=chunk) [2. Major Income Statement Changes](index=6&type=section&id=2.%20Major%20Income%20Statement%20Changes) The company's net profit turned from a loss of **11.316 million yuan** in the prior year to a profit of **1.392 million yuan**, mainly driven by significant increases in other operating income, other income, investment income, and non-operating income, alongside reductions in taxes and surcharges, administrative expenses, financial expenses, and credit impairment losses, with government subsidies and associate company earnings contributing significantly Major Income Statement Changes (Current period vs. Prior period) | 项目 | 本期金额 (元) | 上期金额 (元) | 变动金额 (元) | 变动率 (%) | | :--- | :--- | :--- | :--- | :--- | | Other operating income | 12,401,973.93 | 3,048,395.13 | 9,353,578.80 | 306.84 | | Other operating costs | 10,759,864.19 | 977,139.90 | 9,782,724.29 | 1001.16 | | Business taxes and surcharges | 705,848.42 | 1,109,011.78 | -403,163.36 | -36.35 | | Asset impairment losses | -7,965.55 | -332,555.09 | 324,589.54 | -97.60 | | Credit impairment losses | 2,496,238.06 | | 2,496,238.04 | 100.00 | | Other income | 2,664,724.44 | 184,739.70 | 2,479,984.74 | 1,342.42 | | Investment income | 4,392,315.17 | -511,813.85 | 4,904,129.02 | -958.19 | | Non-operating income | 2,843,427.01 | 710.15 | 2,842,716.86 | 400,298.09 | | Non-operating expenses | 341,214.00 | 25.00 | 341,189.00 | 1,364,756.00 | | Net profit | 1,392,277.02 | -11,316,048.21 | 12,708,325.23 | -112.30 | - Other operating income increased by **306.84%** year-on-year, mainly due to **10.69 million yuan** in raw cotton sales from Xinsai Textile Company and **1.70 million yuan** in rental income from Urumqi Xinsai Oil Company[17](index=17&type=chunk) - Net profit for the current period was **1.3923 million yuan**, an increase of **12.7083 million yuan** compared to **-11.3160 million yuan** in the prior year, primarily due to increased raw cotton sales, reduced expenses, and increased other income, investment income, and non-operating income[20](index=20&type=chunk) [3. Major Cash Flow Statement Changes](index=8&type=section&id=3.%20Major%20Cash%20Flow%20Statement%20Changes) Net cash flow from operating activities turned positive to **113.2781 million yuan** from a negative value in the prior year, mainly due to increased cash collection from product sales; net cash flow from financing activities significantly decreased by **291.16%**, primarily due to increased loan repayments after product sales cash collection Major Cash Flow Statement Changes (Current period vs. Prior period) | 项目 | 本期金额 (元) | 上期金额 (元) | 变动金额 (元) | 变动率 (%) | | :--- | :--- | :--- | :--- | :--- | | Net cash flow from operating activities | 113,278,128.68 | -25,933,171.28 | 139,211,299.96 | -536.81 | | Net cash flow from investing activities | -2,426,297.91 | -2,825,803.16 | 399,505.25 | -14.14 | | Net cash flow from financing activities | -198,767,386.39 | -50,815,371.52 | -147,952,014.87 | 291.16 | - Net cash flow from operating activities increased by **139.2113 million yuan** year-on-year, mainly due to increased cash received from product sales in the current period[21](index=21&type=chunk) - Net cash flow from financing activities decreased by **147.9520 million yuan** year-on-year, mainly due to increased repayment of borrowings from product sales cash collection in the current period[22](index=22&type=chunk) [3.2 Progress of Significant Events](index=8&type=section&id=3.2%20Progress%20of%20Significant%20Events) The company had no significant events requiring disclosure of progress during the reporting period - Not applicable[23](index=23&type=chunk) [3.3 Unfulfilled Commitments Beyond Due Date](index=8&type=section&id=3.3%20Unfulfilled%20Commitments%20Beyond%20Due%20Date) The company had no unfulfilled commitments beyond their due date during the reporting period - Not applicable[23](index=23&type=chunk) [3.4 Cumulative Net Profit Forecast Warning](index=8&type=section&id=3.4%20Cumulative%20Net%20Profit%20Forecast%20Warning) The company did not issue a warning regarding potential cumulative net profit loss or significant change from the beginning of the year to the end of the next reporting period - Not applicable[23](index=23&type=chunk) [IV. Appendix](index=9&type=section&id=IV.%20Appendix) [4.1 Financial Statements](index=9&type=section&id=4.1%20Financial%20Statements) This appendix includes the company's unaudited consolidated and parent company balance sheets, income statements, and cash flow statements for Q1 2020, providing detailed financial data [Consolidated Balance Sheet](index=9&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2020, the company's consolidated total assets were **1.357 billion yuan**, a **16.17%** decrease from year-end 2019; consolidated total liabilities were **712 million yuan**, and total owner's equity was **645 million yuan** Consolidated Balance Sheet Key Data (Unit: Yuan) | 项目 | 2020年3月31日 | 2019年12月31日 | | :--- | :--- | :--- | | Total assets | 1,356,664,657.99 | 1,618,388,714.24 | | Total liabilities | 712,071,950.16 | 975,188,283.43 | | Total owner's equity (or shareholder's equity) | 644,592,707.83 | 643,200,430.81 | - Total current assets were **571.6467 million yuan**, and total non-current assets were **785.0179 million yuan**[26](index=26&type=chunk)[27](index=27&type=chunk) - Total current liabilities were **575.9116 million yuan**, and total non-current liabilities were **136.1604 million yuan**[27](index=27&type=chunk)[28](index=28&type=chunk) [Parent Company Balance Sheet](index=11&type=section&id=Parent%20Company%20Balance%20Sheet) As of March 31, 2020, the parent company's total assets were **1.425 billion yuan**, a slight decrease from year-end 2019; total liabilities were **536 million yuan**, and total owner's equity was **889 million yuan** Parent Company Balance Sheet Key Data (Unit: Yuan) | 项目 | 2020年3月31日 | 2019年12月31日 | | :--- | :--- | :--- | | Total assets | 1,425,244,820.94 | 1,460,990,444.69 | | Total liabilities | 536,235,915.61 | 568,419,032.25 | | Total owner's equity (or shareholder's equity) | 889,008,905.33 | 892,571,412.44 | - Parent company's total current assets were **597.1494 million yuan**, and total non-current assets were **828.0954 million yuan**[31](index=31&type=chunk) - Parent company's total current liabilities were **456.1875 million yuan**, and total non-current liabilities were **80.0484 million yuan**[32](index=32&type=chunk) [Consolidated Income Statement](index=13&type=section&id=Consolidated%20Income%20Statement) In Q1 2020, the company's consolidated net profit was **1.392 million yuan**, reversing a loss of **11.316 million yuan** in the prior year; total operating revenue decreased by **24.97%** year-on-year, but significant growth in other income, investment income, and non-operating income were the main drivers of profitability Consolidated Income Statement Key Data (Unit: Yuan) | 项目 | 2020年第一季度 | 2019年第一季度 | | :--- | :--- | :--- | | Total operating revenue | 218,140,575.13 | 290,733,707.49 | | Total operating costs | 228,795,823.24 | 301,385,921.84 | | Operating profit | -1,109,935.99 | -11,311,843.59 | | Total profit | 1,392,277.02 | -11,311,158.44 | | Net profit | 1,392,277.02 | -11,316,048.21 | | Net profit attributable to parent company shareholders | 1,803,979.96 | -10,483,353.61 | | Basic earnings per share (yuan/share) | 0.0038 | 0.0056 | - Other income of **2.6647 million yuan**, investment income of **4.3923 million yuan**, and non-operating income of **2.8434 million yuan** significantly contributed to net profit[33](index=33&type=chunk) [Parent Company Income Statement](index=16&type=section&id=Parent%20Company%20Income%20Statement) In Q1 2020, the parent company's net loss was **3.5625 million yuan**, a significant reduction from a loss of **9.9541 million yuan** in the prior year; the parent company had no operating revenue this period, but investment income of **4.3509 million yuan** and other income of **0.0681 million yuan** played a key role in narrowing the loss Parent Company Income Statement Key Data (Unit: Yuan) | 项目 | 2020年第一季度 | 2019年第一季度 | | :--- | :--- | :--- | | Operating revenue | 0 | 4,183,003.68 | | Operating profit | -3,362,507.11 | -9,954,128.32 | | Total profit | -3,562,507.11 | -9,954,117.17 | | Net profit | -3,562,507.11 | -9,954,117.17 | | Basic earnings per share (yuan/share) | -0.0076 | -0.0001 | - The parent company had no operating revenue this period, but investment income of **4.3509 million yuan** and reduced administrative and financial expenses helped narrow the loss[38](index=38&type=chunk) [Consolidated Cash Flow Statement](index=17&type=section&id=Consolidated%20Cash%20Flow%20Statement) In Q1 2020, the company's consolidated net cash flow from operating activities was **113.2781 million yuan**, a significant improvement from **-25.9332 million yuan** in the prior year, mainly due to increased cash received from product sales; net cash flow from financing activities was **-198.7674 million yuan**, primarily due to increased repayment of borrowings Consolidated Cash Flow Statement Key Data (Unit: Yuan) | 项目 | 2020年第一季度 | 2019年第一季度 | | :--- | :--- | :--- | | Net cash flow from operating activities | 113,278,128.68 | -25,933,171.28 | | Net cash flow from investing activities | -2,426,297.91 | -2,825,803.16 | | Net cash flow from financing activities | -198,767,386.39 | -50,815,371.52 | | Net increase in cash and cash equivalents | -87,915,555.62 | -79,574,345.96 | | Cash and cash equivalents at period-end | 156,932,855.59 | 118,008,945.52 | - Cash received from sales of goods and services was **195.7360 million yuan**, an increase from the prior year[39](index=39&type=chunk) - Cash paid for debt repayment was **288.6000 million yuan**, an increase from the prior year[40](index=40&type=chunk) [Parent Company Cash Flow Statement](index=19&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In Q1 2020, the parent company's net cash flow from operating activities was **55.5842 million yuan**, a significant improvement from **-63.4566 million yuan** in the prior year; net cash flow from financing activities was **-87.8218 million yuan**, mainly due to increased cash paid for debt repayment Parent Company Cash Flow Statement Key Data (Unit: Yuan) | 项目 | 2020年第一季度 | 2019年第一季度 | | :--- | :--- | :--- | | Net cash flow from operating activities | 55,584,197.01 | -63,456,576.00 | | Net cash flow from investing activities | 0 | 287,344.82 | | Net cash flow from financing activities | -87,821,808.43 | 5,059,791.71 | | Net increase in cash and cash equivalents | -32,237,611.42 | -58,109,439.47 | | Cash and cash equivalents at period-end | 10,116,956.57 | 65,221,021.92 | - Cash received relating to other operating activities was **73.1096 million yuan**, a significant increase from the prior year[41](index=41&type=chunk) - Cash paid for debt repayment was **180.1000 million yuan**, a decrease from the prior year[41](index=41&type=chunk) [4.2 Implementation of New Accounting Standards](index=20&type=section&id=4.2%20Implementation%20of%20New%20Accounting%20Standards) The company did not adopt new revenue or lease accounting standards for the first time in Q1 2020, thus no adjustments to the opening financial statements were required - Not applicable[44](index=44&type=chunk) [4.3 Explanation of Retrospective Adjustments for New Accounting Standards](index=20&type=section&id=4.3%20Explanation%20of%20Retrospective%20Adjustments%20for%20New%20Accounting%20Standards) The company did not adopt new revenue or lease accounting standards for the first time in Q1 2020, thus no retrospective adjustments to prior comparative data were required - Not applicable[44](index=44&type=chunk) [4.4 Audit Report](index=20&type=section&id=4.4%20Audit%20Report) This first quarter report is unaudited - Not applicable[44](index=44&type=chunk)

2019 年第三季度报告 公司代码：600540 公司简称：新赛股份 新疆赛里木现代农业股份有限公司 2019 年第三季度报告 1 / 25 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 12 | 2019 年第三季度报告 一、 重要提示 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 公司负责人马晓宏、主管会计工作负责人高维泉 及会计机构负责人（会计主管人员）李洁保 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 1,666,365,619.53 1,905,277,321.28 -12.54 归属于上市公司股东的 ...