Financial Performance - Operating revenue for the period reached CNY 1,181,259,147.80, reflecting a year-on-year growth of 10.81%[6] - Net profit attributable to shareholders was CNY 28,121,640.41, up 20.30% from the same period last year[6] - The weighted average return on equity increased by 0.26 percentage points to 3.20%[6] - Total operating revenue for Q1 2019 was CNY 1,181,259,147.80, an increase of 10.8% compared to CNY 1,066,029,343.58 in Q1 2018[24] - Net profit for Q1 2019 reached CNY 30,627,300.45, compared to CNY 24,164,980.06 in Q1 2018, representing a year-on-year increase of 26.5%[25] - The total comprehensive income for Q1 2019 was CNY 30,606,733.30, compared to CNY 24,159,321.56 in Q1 2018, marking an increase of 26.8%[25] - Revenue for Q1 2019 was approximately CNY 1.08 billion, a 5.2% increase from CNY 1.03 billion in Q1 2018[27] - Net profit for Q1 2019 reached CNY 28.17 million, up 18.5% from CNY 23.72 million in Q1 2018[27] - Operating profit for Q1 2019 was CNY 38.05 million, an increase of 18.4% compared to CNY 32.12 million in Q1 2018[27] Cash Flow - Cash flow from operating activities improved by 38.27%, totaling CNY -94,675,730.65[6] - Net cash flow from operating activities improved by 38.27% to -¥94,675,730.65, attributed to increased sales collections[12] - Cash flow from operating activities showed a net outflow of CNY 94.68 million, an improvement from a net outflow of CNY 153.37 million in Q1 2018[31] - Investment activities generated a net cash inflow of CNY 129.77 million, compared to CNY 67.68 million in Q1 2018[31] - Financing activities resulted in a net cash outflow of CNY 46.66 million, worsening from a net outflow of CNY 9.38 million in Q1 2018[31] - The net cash flow from financing activities was -47,661,430.94 RMB, worsening from -9,380,072.32 RMB in Q1 2018, indicating increased cash outflows for debt repayment[33] Assets and Liabilities - Total assets increased by 14.57% to CNY 2,961,531,205.78 compared to the end of the previous year[6] - Total liabilities increased to ¥1,974,682,288.56 from ¥1,627,789,846.17, indicating higher financial obligations[18] - Shareholders' equity rose to ¥986,848,917.22 from ¥957,071,093.80, reflecting improved financial health[18] - The company's total assets as of Q1 2019 amounted to CNY 2,825,211,364.04, up from CNY 2,435,930,233.36 in the previous year[22] - Total liabilities for Q1 2019 were CNY 1,881,124,126.48, compared to CNY 1,519,988,696.29 in Q1 2018, indicating a rise of 23.7%[22] - The company's equity totaled CNY 944,087,237.56 in Q1 2019, an increase from CNY 915,941,537.07 in Q1 2018[22] Shareholder Information - The number of shareholders reached 13,439, with the top ten shareholders holding a significant portion of shares[9] Government Subsidies and Tax - The company received government subsidies amounting to CNY 804,443.19, closely related to its normal business operations[6] - Tax and additional charges increased by 88.59% to ¥3,711,099.79 due to sales growth[12] - Other income decreased by 76.88% to ¥434,318.19 primarily due to reduced government subsidies amortization[12] - The company received 1,564,536.66 RMB in tax refunds during Q1 2019, slightly lower than 1,785,513.38 RMB in Q1 2018[32] Research and Development - Research and development expenses for Q1 2019 were CNY 535,238.13, a decrease from CNY 764,250.43 in Q1 2018, reflecting a reduction of 29.9%[24] - Research and development expenses decreased to CNY 303,942.43 from CNY 567,801.18 in Q1 2018, reflecting a reduction of 46.6%[27]

Financial Performance - The company achieved a net profit of RMB 117,476,023.70 for the year 2018, with a total distributable profit of RMB 344,586,197.72 as of December 31, 2018[5]. - The company's operating revenue for 2018 was CNY 3,734,627,172.51, representing a year-on-year increase of 6.60% compared to CNY 3,503,462,176.43 in 2017[23]. - The net profit attributable to shareholders of the listed company reached CNY 115,459,384.22, a significant increase of 27.82% from CNY 90,330,227.59 in the previous year[23]. - The net profit after deducting non-recurring gains and losses increased by 46.11% to CNY 106,203,002.40, driven by increased sales scale and profit[23][26]. - The basic earnings per share for 2018 was CNY 0.7216, a slight decrease of 1.47% compared to CNY 0.7324 in 2017[24]. - The weighted average return on equity decreased to 14.01%, down 8.62 percentage points from 22.63% in 2017[25]. - The company reported non-recurring gains of CNY 9,256,381.82 for 2018, compared to CNY 17,641,674.78 in 2017[29]. - The company achieved operating revenue of CNY 373,462.72 million, an increase of CNY 23,116.50 million, or 6.60% year-on-year[58]. - Operating profit reached CNY 15,694.18 million, up CNY 3,422.20 million, representing a growth of 27.89% compared to the previous year[58]. - Net profit attributable to shareholders was CNY 11,545.94 million, an increase of CNY 2,512.92 million, or 27.82% year-on-year[58]. Dividend Distribution - A cash dividend of RMB 2.50 per 10 shares will be distributed, totaling RMB 40,000,020.00, along with a capital reserve increase of 32,000,016 shares[5]. - The company emphasizes the importance of cash dividends to provide stable and reasonable returns to investors[5]. - In 2018, the company distributed cash dividends amounting to 40,000,020 RMB, with a dividend payout ratio of 34.64%[124]. - The company has a cash dividend policy that ensures a minimum distribution of 20% of the distributable profits each year, contingent on operational stability[121]. Operational Risks and Management - The company has no significant operational risks that could materially affect its production and operations during the reporting period[8]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[7]. - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[4]. - The report includes a risk statement regarding forward-looking statements, indicating that future plans do not guarantee profit forecasts[6]. - The company has a commitment to transparency and accuracy in its financial reporting, as stated by its management[7]. - The company has no significant litigation or arbitration matters reported for the year[139]. - The company has not faced any risks of suspension or termination of listing during the reporting period[138]. Market Presence and Business Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[30]. - The company has established long-term stable partnerships with leading international pesticide companies such as Syngenta, Bayer, and BASF, enhancing its procurement capabilities[35]. - The company operates a "one-stop" pesticide raw material supply platform, integrating high-quality product resources from upstream manufacturers[36]. - The company has expanded its international market presence, providing agricultural products and services to over 40 countries across five continents[39]. - The company has been entrusted with national pesticide reserves and disaster relief pesticide reserves since 2012, ensuring dynamic balance between storage and sales[45]. - The company is focusing on introducing new products and expanding its product line to enhance brand recognition and market presence[111]. - The company is actively planning to establish a raw material trading platform to strengthen supply chain management and increase industry influence[112]. - The company aims to establish a comprehensive service platform centered on plant protection technology services, integrating products, services, and information, to promote sustainable agricultural development and ensure food security[106]. Research and Development - The company reported a significant increase in R&D expenses, which rose by 230.93% to CNY 12,382.19 million[60]. - The company’s R&D expenses increased significantly by 230.93% to ¥12,382,191.32, indicating a strong focus on innovation[69]. - The company has made significant progress in the development of new formulations, including the successful optimization of pyrazole ether fungicide and fluconazole emulsions, which have completed pilot testing and production[87]. - A new patent was granted for a thiazole phosphine microencapsulated suspension agent, and four additional patents were applied for in 2018, indicating a strong focus on innovation[88]. - The company has developed two self-propelled high-stalk crop spraying equipment prototypes, enhancing automation and safety features, with the design of a remote monitoring system for application quality[89]. - Research and development investments have increased by 30%, focusing on sustainable agricultural technologies[190]. Financial Management and Investments - The company has engaged Tianzhi International Accounting Firm with an audit fee of ¥900,000.00 for a four-year term[138]. - The company has a bank wealth management investment of 194,599,441.80 RMB, with an outstanding balance of 189,807,876.80 RMB[149]. - The company is involved in various leasing agreements, with total annual rental amounts including 4,722,027.60 RMB for office space and 2,046,850.83 RMB for warehouse space[146][147]. - The company engaged in various entrusted financial management activities, with a total amount of RMB 43 million in a financial product yielding an annualized return of 4.80%[151]. - The company successfully recovered RMB 220,536.99 from the entrusted financial management activities, indicating effective management of financial assets[151]. - The company’s financial management strategies included investments in various financial products, with a total of RMB 129 million allocated across three different financial institutions[151]. Social Responsibility and Community Engagement - The company’s commitment to social responsibility is evident through its active participation in agricultural development and poverty alleviation programs[154]. - In 2018, the company assisted in poverty alleviation efforts in Jiangxi Province, helping 238 impoverished households and 891 individuals through agricultural support initiatives[156]. - The company implemented targeted agricultural solutions in Hubei Province, enhancing the quality of citrus crops and increasing market demand[155]. Shareholder Structure and Governance - The total number of ordinary shares increased to 160,000,080 shares after a capital reserve conversion, impacting earnings per share positively[164]. - The company’s limited shares decreased from 100 million to 80.4 million, while unrestricted shares increased to 79.6 million, reflecting a shift in shareholding structure[162]. - The company has a total of 100,000,000 restricted shares, with 39,600,000 shares released and 20,000,000 shares added during the year[169]. - The company’s major shareholder, China Agricultural Production Materials Group, has voluntarily extended the lock-up period for its shares by 2 years beyond the statutory 3-year period[177]. - The company reported a total of 15,120,000 shares held by Foshan Yilong Investment Co., accounting for 9.45% of the total shares[174]. - The company has no strategic investors or general corporations that became top 10 shareholders through new share placements[178]. - The actual controller of the company is the Supply and Marketing Group, with a significant stake in other listed companies, holding 50.82% of China Recycled Resources Development Co., Ltd. and 24.91% of Supply and Marketing Group Co., Ltd.[180]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 825, with 319 in the parent company and 506 in subsidiaries[199]. - The employee composition includes 100 production personnel, 527 sales personnel, 41 technical personnel, 80 financial personnel, and 77 administrative personnel[199]. - The company has a total of 52 employees with a graduate degree or above, 371 with a bachelor's degree, and 402 with a college degree or below[199]. - The total remuneration for the chairman and general manager, Su Yi, is 503,400 RMB, while the financial director, Huang Baiji, receives 659,500 RMB[186]. - Total remuneration for all directors, supervisors, and senior management amounted to 3.827 million yuan[196]. - The company has undergone a change in board members and senior management due to term expirations and elections[197].

2018 年第三季度报告 公司代码：603970 公司简称：中农立华 中农立华生物科技股份有限公司 2018 年第三季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2018 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 公司负责人苏毅、主管会计工作负责人黄柏集及会计机构负责人（会计主管人员）谢珊保证 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 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 | 2,695,704,954.68 | 2,782,912,54 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,342,909,417.46, representing a 3.08% increase compared to CNY 2,272,910,163.52 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2018 was CNY 80,464,251.33, which is a 24.84% increase from CNY 64,454,103.21 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 74,811,506.98, up 21.84% from CNY 61,403,939.43 year-on-year[22]. - Basic earnings per share for the first half of 2018 were CNY 0.5029, a decrease of 21.97% compared to CNY 0.6445 in the same period last year[23]. - Diluted earnings per share for the first half of 2018 were also CNY 0.5029, reflecting the same percentage decrease of 21.97% year-on-year[23]. - The total profit for the period was CNY 115,302,762.28, compared to CNY 103,916,890.25 in the previous year, reflecting a growth of 10.5%[128]. - The company reported an operating profit of CNY 114,679,038.24, which is an increase from CNY 103,872,785.64 in the previous year[128]. Cash Flow and Financial Position - The net cash flow from operating activities for the first half of 2018 was negative CNY 363,205,696.99, a significant decrease compared to a positive CNY 127,572,638.05 in the same period last year, reflecting a 384.71% decline[22]. - The company's cash and cash equivalents decreased to 206,708,575.61 RMB from 406,049,208.21 RMB at the beginning of the period, indicating a decline of approximately 49.1%[119]. - The company’s cash flow from operating activities showed a negative net amount of CNY -363,205,696.99, a decline of 384.71% compared to the previous year[60][61]. - The company reported a decrease in cash flow from operating activities, with outflows totaling CNY 2,448,516,543.29, compared to CNY 1,818,420,992.36 last year[134]. - The total cash and cash equivalents at the end of the period were CNY 138,007,851.47, an increase from CNY 115,153,230.58 in the previous year[135]. Assets and Liabilities - As of June 30, 2018, the total assets amounted to CNY 2,646,758,640.67, down 4.89% from CNY 2,782,912,548.63 at the end of the previous year[22]. - The total liabilities decreased to CNY 1,735,752,013.01 from CNY 1,916,561,720.83, reflecting a decline of approximately 9.5%[121]. - Current liabilities amounted to CNY 1,708,959,196.00, down from CNY 1,885,749,593.28, a reduction of about 9.4%[120]. - The accounts receivable surged by 156.71% to CNY 530,449,745.91, attributed to the peak sales season and pending settlements[63][64]. - The company’s short-term borrowings increased by 47.37%, reaching CNY 853,253,845.06, indicating a rise in financing needs[63][64]. Business Operations and Strategy - The main business includes pesticide distribution services, plant protection technology services, and plant protection machinery supply, with no major changes in the core business[30]. - The company has established long-term stable partnerships with leading international pesticide companies, enhancing its procurement capabilities[32]. - The company has expanded its export trade in pesticide formulations and raw materials, achieving sales in multiple countries including Argentina, South Africa, and Russia[35]. - The company aims to enhance its integrated plant protection service system to improve sales channels and product sales[30]. - The company has established a comprehensive agricultural protection technology service model, enhancing brand influence among farmers and promoting pesticide sales through field trials and demonstrations[38]. Shareholder Information - The total share capital increased to 160,000,080 shares after a capital reserve conversion of 26,666,680 shares[99]. - The largest shareholder, China Agricultural Production Materials Group Corporation, held 80,400,000 shares, representing 50.25% of the total shares[106]. - The company has a lock-up period of 36 months for shares held by major shareholders, during which they cannot transfer or manage their shares[84]. - The company confirmed that its subsidiaries are not in heavily polluting industries, and environmental monitoring reports met regulatory requirements[94]. Risks and Challenges - The company faces risks from intensified market competition, changes in cooperation relationships with pesticide manufacturers and distributors, and fluctuations in exchange rates[72][76]. - The company experienced a decline in export scale due to enhanced risk control measures, resulting in a decrease in international sales[56]. Accounting and Compliance - The financial statements are prepared based on the assumption of going concern, indicating confidence in future operations[155]. - The company operates under the Chinese accounting standards, ensuring compliance and transparency in financial disclosures[157]. - There were no significant changes in accounting policies or estimates during the reporting period[95]. - The company has a well-defined accounting policy for bad debt provisions and inventory write-downs, ensuring accurate financial reporting[156].

2018 年第一季度报告 公司代码：603970 公司简称：中农立华 中农立华生物科技股份有限公司 2018 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 10 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.5 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 | 2,715,714,987.52 | 2,782,912,548.63 | | -2.41 | | 归属于上市公司股东 | 806,596,722.98 | 783,225,036.84 | | 2.98 | | 的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减 | | | | | | (%) | | | 经营活动产生的现金 | -153,373,871.56 | 129,768, ...

Financial Performance - The company achieved a net profit of RMB 88,924,184.92 for the fiscal year 2017, with a total distributable profit of RMB 272,191,126.39 after accounting for dividends and reserves[5]. - A cash dividend of RMB 2.5 per 10 shares (including tax) is proposed, totaling RMB 33,333,350, which represents 36.90% of the net profit for the year[5]. - The company's operating revenue for 2017 was CNY 3,503,462,176.43, representing a 3.09% increase compared to CNY 3,398,424,812.35 in 2016[23]. - Net profit attributable to shareholders was CNY 90,330,227.59, a 10.54% increase from CNY 81,717,090.35 in the previous year[23]. - The net cash flow from operating activities surged by 240.85% to CNY 518,829,380.33, primarily due to increased sales collections[24]. - The company's total assets increased by 7.80% to CNY 2,782,912,548.63 from CNY 2,581,459,753.87 in 2016[23]. - The net assets attributable to shareholders rose by 126.98% to CNY 783,225,036.84, driven by public stock issuance and profit contributions[25]. - Basic earnings per share for 2017 were CNY 0.8789, up 7.55% from CNY 0.8172 in 2016[24]. - The weighted average return on equity decreased by 2.85 percentage points to 22.63% compared to 25.48% in 2016[24]. Shareholder and Dividend Policy - The company has established a cash dividend policy, committing to a minimum annual dividend payout ratio of 20% of distributable profits[125]. - The company did not propose a cash profit distribution plan despite having positive distributable profits for ordinary shareholders during the reporting period[129]. - The company has not issued any bonus shares in the last three years, maintaining a focus on cash dividends instead[128]. - The total number of shares for cash dividends in 2017 was 33,333,350, reflecting a consistent dividend policy[128]. - The company has committed to not repurchasing shares during the lock-up period, ensuring shareholder confidence[132]. Operational Risks and Compliance - The company has no significant operational risks that could materially affect its business during the reporting period[8]. - The company has received a standard unqualified audit opinion from Tianzhi International Accounting Firm[4]. - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[4]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[7]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[142]. Business Operations and Strategy - The company continues to focus on pesticide circulation services, plant protection technology services, and plant protection machinery supply as its main business areas[34]. - The company aims to establish a leading platform for the research, production, and supply of plant protection machinery, integrating high-quality pesticides with advanced application machinery[35]. - The company has not reported any significant changes in its main business operations during the reporting period[34]. - The company has established a dynamic supplier evaluation system, selecting 2 to 3 high-quality manufacturers for each major raw material, ensuring product quality and delivery efficiency[36]. - The company has expanded its overseas sales, establishing subsidiaries in Argentina, Ecuador, Colombia, Peru, Bolivia, and the Dominican Republic, enhancing its international market presence[40]. Market and Industry Trends - The company has seen a decrease in pesticide usage in China, with total chemical pesticide usage expected to be around 290,000 tons for the year, slightly down from the previous year[46]. - The company has benefited from the consolidation of the pesticide industry, as smaller firms unable to meet environmental standards are being eliminated, leading to tighter supply and increased prices[46]. - The agricultural chemical industry is experiencing a wave of mergers and acquisitions, with major players consolidating, which may significantly impact the competitive landscape[104]. - The industry concentration is expected to increase due to ongoing environmental regulations and the shift towards larger agricultural entities, which may lead to the elimination of smaller companies[105]. Research and Development - The company improved the formulation and production process of Dimethomorph suspension agent, enhancing production efficiency and product quality, making it more competitive in the market[92]. - The product "Lizao" (46% Fluopyram·Thiamethoxam water-dispersible granules) underwent a formulation upgrade, resulting in higher suspension and dispersion rates, eliminating the need for secondary dilution during use[92]. - The company participated in a national key R&D project to develop intelligent spraying equipment for high-stalk crops, aiming to meet the demand of high-end domestic users[92]. Financial Management - The company reported a decrease in investment cash flow, with a net outflow of CNY 222.03 million, a reduction of 99.01% from the previous year's outflow of CNY 111.57 million[64]. - The company has multiple entrusted loans with amounts including 32,000,000 RMB and 40,000,000 RMB, with interest rates ranging from 2.7% to 3.6%[154]. - The company has a total of 48,000,000 RMB in entrusted loans with a 3.2% interest rate, all of which have been recovered[155]. Governance and Management - The management team comprises industry veterans with over 20 years of experience, enhancing the company's strategic positioning in the pesticide market[55]. - The company has established a strong governance structure with independent directors and a dedicated audit committee to ensure compliance and transparency[188]. - The management team includes experienced professionals with significant roles in various agricultural and financial organizations[186]. - The company has established a competitive compensation management system to attract and retain talent[197]. Employee and Training Initiatives - The number of employees in the parent company is 440, while the main subsidiaries employ 409, totaling 849 employees[196]. - The training plan includes a combination of internal and online training, with performance evaluations to inform promotions and salary increases[199].