Financial Performance - In 2021, Xinjiang Sayram Modern Agriculture Co., Ltd. reported a consolidated net loss of ¥175,054,879.75, with a net loss attributable to the parent company of ¥166,551,526.53[6]. - The parent company achieved a net profit of ¥-172,767,565.03 for the year, resulting in a total available profit for distribution to shareholders of ¥-572,567,471.04 after accounting for previous losses[6]. - The company will not distribute cash dividends or increase capital reserves for the year 2021, pending approval at the annual shareholders' meeting[6]. - The company's operating revenue for 2021 was CNY 1,096,901,880.13, an increase of 3.85% compared to CNY 1,056,225,864.82 in 2020[24]. - The net profit attributable to shareholders was a loss of CNY 166,551,526.53, a significant decrease from a profit of CNY 8,786,216.47 in the previous year, representing a decline of 1,995.60%[24]. - The net cash flow from operating activities was a negative CNY 668,203,684.46, worsening from a negative CNY 215,729,961.31 in 2020[24]. - The total assets increased by 40.76% to CNY 2,479,647,394.03 at the end of 2021, compared to CNY 1,761,579,393.07 at the end of 2020[24]. - The basic earnings per share for 2021 was -CNY 0.3537, a decrease of 1,991.44% from CNY 0.0187 in 2020[25]. - The weighted average return on equity dropped to -28.07%, a decrease of 29.37 percentage points from 1.30% in the previous year[25]. Risk Management - The report includes a risk statement indicating that future operational plans and development strategies do not constitute a substantive commitment to investors, highlighting the importance of investment risk awareness[7]. - The company has detailed potential risks in the annual report, which can be found in the management discussion and analysis section[8]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[8]. - The company plans to focus on improving inventory management and reducing financial costs in the upcoming year[26]. - The company is committed to improving its governance structure, ensuring compliance with laws and regulations, and enhancing its governance capabilities[185]. Operational Highlights - The company achieved an operating income of CNY 1.097 billion and a total production value of CNY 153 million in 2021[34]. - As of December 31, 2021, the company's total assets amounted to CNY 2.48 billion, with total liabilities of CNY 1.985 billion, resulting in a debt-to-asset ratio of 80.04%[34]. - Fixed asset investments totaled CNY 33.0974 million in 2021, including projects for housing and production line upgrades[34]. - The company completed a non-public stock issuance, raising CNY 560 million by issuing 110,453,647 shares at a price of CNY 5.07 per share[35]. - The company identified over 200 potential hazards and rectified 196 safety issues during 40 safety inspections in 2021[35]. Market and Industry Trends - The average purchase price of seed cotton increased by approximately 91.04% compared to the previous year, contributing to higher inventory levels[26]. - The company is classified under the agriculture sector, focusing on cotton processing and sales, with a strategy of integrating upstream and downstream operations[36]. - The company is actively exploring high-value-added services to expand its cotton industry operations[38]. - The company is expanding into the cotton textile and garment industry, leveraging its initial processing and spinning capabilities[38]. - The logistics and warehousing services are a key focus, with plans for new logistics projects to capture market opportunities[38]. Research and Development - The total R&D expenditure was 413,725.20 yuan, accounting for 0.0377% of operating revenue[71]. - The company has established a postdoctoral research station to enhance its R&D capabilities, focusing on key technologies in cotton processing and new cotton varieties[49]. - The company is committed to agricultural high-tech product research and development to enhance market offerings[38]. Governance and Compliance - The company has revised its articles of association to strengthen the voting rights of minority shareholders in the election of directors and supervisors[186]. - The company improved its governance structure and compliance through a series of rectifications following a review by the Xinjiang Regulatory Bureau[187]. - The audit committee, composed of 3 independent directors and 2 directors, oversaw internal and external audits to ensure compliance[192]. - The company maintained transparency in information disclosure, adhering to regulations and ensuring accurate and complete reporting[188]. Future Outlook - The company plans to acquire 205,000 tons of seed cotton and produce 77,000 tons of lint cotton in 2022, aiming for a revenue target of 1.5 billion yuan, with a projected growth of approximately 8% in total production value[175]. - The company aims to enhance its financial risk management by improving direct financing capabilities and expanding financing channels to support future development[176]. - The company is committed to achieving zero accidents in safety and environmental compliance across all production facilities in 2022[175]. - The overall market outlook for cotton products remains uncertain due to fluctuating macroeconomic conditions and ongoing inflationary pressures[169].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 106,376,722.83, representing an increase of 18.82% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company reached CNY 1,124,958.08, with a significant increase of 216.88% year-on-year for the year-to-date period[4]. - Basic earnings per share for the year-to-date period was CNY 0.0125, showing an increase of 220.51%[5]. - The net profit for the year-to-date period increased by 161.18%, showcasing improved profitability[9]. - The net profit for the period was 6.20 million RMB, an increase of 160.73% from 2.37 million RMB year-on-year[17]. - Total operating revenue for the first three quarters of 2021 reached CNY 748,416,606.97, a significant increase from CNY 406,071,809.94 in the same period of 2020, representing an increase of approximately 84.3%[30]. - The net profit for the first three quarters of 2021 was CNY 6,200,973.82, compared to a net profit of CNY 2,374,214.95 in the same period of 2020, indicating a growth of approximately 160.5%[31]. - The gross profit margin for the first three quarters of 2021 was approximately 8.3%, compared to a negative margin in the same period of 2020[30]. Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 439,251,078.81, reflecting a substantial increase of 602.28% compared to the previous year[4]. - Cash flow from operating activities reached 439.25 million RMB, an increase of 600.00% compared to 62.55 million RMB in the same period last year[17]. - Cash inflow from operating activities for the first three quarters of 2021 was CNY 797,431,385.73, compared to CNY 452,650,067.09 in 2020, marking an increase of about 76.2%[32]. - The net cash flow from operating activities for Q3 2021 was ¥439,251,078.81, a significant increase compared to ¥62,546,063.92 in Q3 2020, reflecting strong operational performance[33]. - The company reported a net increase in cash and cash equivalents of ¥406,466,706.64 for the quarter, compared to ¥141,869,815.20 in the same period last year[33]. - The ending balance of cash and cash equivalents was ¥492,382,592.41, up from ¥386,718,226.41 in Q3 2020, indicating a stronger liquidity position[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,700,942,105.31, a decrease of 3.44% from the end of the previous year[5]. - The company's current assets totaled RMB 837,807,924.85, down from RMB 914,261,266.52 at the end of 2020, indicating a decrease of about 8.35%[26]. - The total liabilities as of the end of the third quarter of 2021 were CNY 1,030,435,358.08, down from CNY 1,101,168,376.32 at the end of the same period in 2020[30]. - The total equity attributable to shareholders of the parent company was CNY 676,749,374.44, slightly up from CNY 676,578,052.54 in the previous year[30]. Business Operations - The main business income increased by 93.04%, indicating strong growth in core operations[9]. - The company reported a main business revenue of 742.39 million RMB, an increase of 93.04% compared to 384.57 million RMB in the same period last year[13]. - The main business cost was 710.58 million RMB, up 95.01% from 364.38 million RMB in the previous year[13]. - The company experienced a decrease in other business income by 71.95%, indicating a shift in revenue sources[9]. - The company experienced a 71.95% decrease in other business income, down to 6.03 million RMB from 15.50 million RMB year-on-year[15]. Investments and Financing - Investment income increased by 45.94%, reaching 36.69 million RMB compared to 25.54 million RMB in the previous year[15]. - The company reported an investment income of CNY 36,694,591.95 for the first three quarters of 2021, compared to CNY 25,143,383.22 in the same period of 2020, reflecting an increase of approximately 46.0%[30]. - The company’s total cash flow from financing activities was negative at -¥22,297,175.23, contrasting with a positive cash flow of ¥104,447,543.13 in Q3 2020, highlighting a shift in financing strategy[33]. Corporate Governance - The company revised its articles of association and management systems to enhance corporate governance, emphasizing minority shareholders' voting rights[24]. - The company is focused on enhancing its governance structure to ensure better decision-making and compliance with regulations[25]. - The company has made efforts to improve compliance in insider information management through updated regulations[25]. - The company has received approval from the China Securities Regulatory Commission for a non-public offering of shares, with plans to complete the issuance within the specified timeframe[22]. - The company extended the validity period for the non-public offering resolution by 12 months, now set to expire on September 20, 2022[23].

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].