Financial Performance - The company's operating revenue for Q1 2022 was ¥806,733,884.23, a decrease of 10.50% compared to ¥901,375,995.14 in the same period last year[3] - The net profit attributable to shareholders of the listed company was -¥52,059,750.06, representing a significant decline of 1,080.90% from ¥5,307,345.80 in the previous year[3] - The basic and diluted earnings per share were both -¥0.13, down 750.00% from ¥0.020 in the same period last year[3] - In Q1 2022, the company reported a net loss of CNY 39,441,469.96, compared to a net profit of CNY 5,652,517.94 in the same period last year, indicating a significant decline in profitability[20] - Operating profit for Q1 2022 was CNY -36,689,081.52, a decrease from CNY 16,131,219.12 in Q1 2021, reflecting operational challenges[20] - Total revenue from sales in Q1 2022 was CNY 778,309,821.56, down from CNY 1,040,379,505.09 in Q1 2021, representing a decline of approximately 25.2%[23] - The company reported a total comprehensive loss of CNY 39,441,469.96 for Q1 2022, compared to a comprehensive income of CNY 5,652,517.94 in the same quarter last year[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,009,731,198, a decrease of 739.77% compared to -¥120,238,594.17 in the previous year[3] - Cash flow from operating activities in Q1 2022 was CNY -1,009,731,198.49, compared to CNY -120,238,594.17 in Q1 2021, indicating worsening cash flow issues[24] - The company’s cash and cash equivalents at the end of Q1 2022 stood at CNY 639,060,496.01, down from CNY 1,531,258,955.78 at the beginning of the period[25] - The company received CNY 5,838,550.73 in tax refunds during Q1 2022, an increase from CNY 4,345,762.78 in the previous year, indicating improved tax recovery efforts[24] - The company reported a 39.16% increase in prepayments, contributing to a 53.73% decrease in cash and cash equivalents compared to the beginning of the period[7] - The cash and cash equivalents decreased to CNY 768,443,919.70 from CNY 1,660,641,657.91, a decline of 53.8%[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,420,970,618, an increase of 1.15% from ¥7,336,407,737.47 at the end of the previous year[4] - Current assets increased to CNY 3,517,462,882.97 from CNY 3,311,783,950.54 at the beginning of the year, reflecting a growth of 6.2%[15] - Total liabilities increased to CNY 6,812,399,251.46 from CNY 6,688,794,900.15, representing a rise of 1.9%[17] - The equity attributable to shareholders of the listed company decreased by 10.46% to ¥445,729,140.72 from ¥497,788,890.78 at the end of the previous year[4] - Inventory levels rose significantly to CNY 1,203,079,120.90, compared to CNY 381,076,330.46 at the start of the year, indicating an increase of 215.5%[15] - Accounts receivable increased to CNY 518,744,500.33 from CNY 328,560,103.17, marking a growth of 57.8%[14] Operational Challenges - The decrease in net profit was primarily due to a reduction in sugar sales volume and a decline in sugar production rate, leading to an increase in sugar cost by ¥440 per ton[7] - The company incurred research and development expenses of CNY 2,785,778.77 in Q1 2022, a significant increase from CNY 576,167.26 in the previous year, highlighting a focus on innovation[20] - The company established four wholly-owned subsidiaries with a registered capital of CNY 9 million each to enhance operational efficiency[12] Government Support - The company received government subsidies amounting to ¥33,376,826.21, which were included in the non-operating income[6]

Financial Performance - Nanning Sugar Industry Co., Ltd. reported a revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-on-year increase of 15%[18]. - Nanning Sugar's net profit for 2021 was RMB 150 million, an increase of 10% compared to the previous year[18]. - The company's operating revenue for 2021 was CNY 3,233,334,866.51, a decrease of 8.85% compared to CNY 3,547,407,201.64 in 2020[22]. - The net profit attributable to shareholders for 2021 was a loss of CNY 53,650,093.72, representing a decline of 222.35% from a profit of CNY 43,849,667.25 in 2020[22]. - The net cash flow from operating activities decreased by 97.46% to CNY 24,267,108.79 in 2021, down from CNY 954,061,398.85 in 2020[22]. - The basic earnings per share for 2021 was -CNY 0.17, a decrease of 221.43% compared to CNY 0.14 in 2020[23]. - The total sales volume of white sugar reached 503.7 thousand tons, an increase of 4.59 thousand tons compared to the previous year[43]. - The company reported a total revenue of 4,185.41 million yuan for the year 2021, reflecting a significant performance in the sugar industry[174]. - The company reported a total revenue of 1,651 million yuan for the year 2021, representing an increase of 8.96% compared to the previous year[180]. Investment and Development - The company plans to invest RMB 200 million in new product development and technology upgrades in the upcoming year[18]. - The company anticipates a revenue growth of 12% for the next fiscal year, driven by increased production capacity and market expansion efforts[18]. - The company has initiated a strategic partnership with a leading agricultural technology firm to improve sugarcane yield by 15% over the next two years[18]. - The company plans to enhance its logistics business by integrating e-commerce, modern logistics, and financial services to create a comprehensive supply chain platform[33]. - The company is focusing on enhancing its product diversity and economic benefits through various R&D projects aimed at improving product quality and market competitiveness[60]. Market Expansion - The company has expanded its market presence by entering three new provinces, aiming for a 20% increase in market share by 2023[18]. - The sugar consumption growth rate in China has outpaced production growth, indicating significant market potential for sugar in the future[32]. - Nanning Sugar Industry Co., Ltd. holds approximately 60% of China's total sugarcane planting area and sugar production, establishing its leading position in the industry[32]. - The company’s market share in Guangxi was 7.4%, while the national market share was 4.4%[43]. Research and Development - Nanning Sugar's R&D expenditure accounted for 3% of total revenue in 2021, reflecting its commitment to innovation[18]. - The company’s R&D investment amounted to 13.57 million yuan, an increase of 1,118.79% compared to the previous year[41]. - The number of R&D personnel decreased by 2.97% from 438 in 2020 to 425 in 2021, with the proportion of R&D personnel in total employees dropping from 18.81% to 16.45%[63]. - R&D investment increased significantly by 1,118.79%, from 1,113,183.16 CNY in 2020 to 13,567,324.17 CNY in 2021, with R&D investment as a percentage of operating revenue rising from 0.03% to 0.42%[63]. Operational Efficiency - The company is focusing on enhancing its supply chain efficiency, targeting a 5% reduction in operational costs by the end of 2022[18]. - The company implemented a series of measures to control costs and improve efficiency, including reducing the number of departments from 134 to 93, a reduction of 31%[45]. - The company has achieved a 100% utilization rate of by-products such as bagasse, molasses, and filter mud, leading to a leading position in biomass power generation in China[90]. - The company is committed to modernizing production through automation and information technology to reduce production costs and improve efficiency[90]. Governance and Management - The company has established a complete production, operation, management, and sales system, ensuring business independence from the controlling shareholder[102]. - The financial department operates independently with a standardized financial accounting system, ensuring compliance and independent tax obligations[103]. - The company has implemented a series of performance evaluation mechanisms but has not established a stock incentive mechanism[100]. - The governance structure complies with the relevant regulatory requirements, ensuring the protection of minority shareholders' rights[98]. - The company has maintained a stable board of directors, with no changes in shareholding reported among current members[106]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[147]. - The wastewater discharge from Mingyang Sugar Factory showed COD levels of 2411 mg/L and ammonia nitrogen at 0.26 mg/L, with no exceedances reported[147]. - The company has received no administrative penalties for environmental issues during the reporting period, indicating effective compliance[153]. - The company has established a leadership group for governance special actions, emphasizing the importance of compliance and internal control[145]. Legal and Compliance - The company is involved in a lawsuit with Guangxi Fufang Investment Co., Ltd. regarding a share transfer contract, with a disputed amount of 12,741.79 million RMB[173]. - The company has engaged in related party transactions amounting to 1,118 million yuan, representing 30% of similar transactions, indicating a substantial operational relationship with affiliated entities[178]. - The company has received court notifications regarding various legal proceedings, which may influence its operational strategy moving forward[175]. - The company has established a professional legal team to address ongoing litigation, highlighting its commitment to safeguarding shareholder interests[174]. Social Responsibility - The company reported a total of 209 million CNY in purchases from supporting villages and national assistance networks to help sell agricultural products, reinforcing poverty alleviation efforts[154]. - The company established a fund of 186,500 CNY to assist employees in need, demonstrating commitment to social responsibility[155]. - The company has actively engaged in poverty alleviation by purchasing over 1.27 million CNY worth of agricultural products before the Spring Festival[154].

Financial Performance - The company's operating revenue for Q3 2021 was ¥429,881,423.67, a decrease of 54.79% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥5,128,910.93, an increase of 260.23% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥76,906,648.62, a decrease of 608.54%[3]. - Total operating revenue for the third quarter was CNY 2,409,072,755.94, a decrease of 26.0% compared to CNY 3,251,865,558.38 in the same period last year[25]. - Net profit for the period was CNY 12,806,955.71, a decline of 81.1% from CNY 67,964,350.12 in the previous year[26]. - The company reported a net cash outflow from operating activities of CNY -117,480,098.95, compared to a net inflow of CNY 110,489,244.77 in the same period last year[30]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥5,298,950,608.28, down 9.03% from the end of the previous year[4]. - The company recorded an increase of 735.34% in current liabilities due to long-term borrowings maturing within one year[9]. - The total equity attributable to shareholders increased by 28.59% to ¥155,917,852.66 compared to the previous year[4]. - The company’s total liabilities decreased to CNY 4,997,013,758.13 from CNY 5,571,053,275.30, reflecting a decline of about 10.3%[22]. - The company’s long-term liabilities decreased to CNY 584,258,799.20 from CNY 779,164,239.36, a reduction of approximately 25.1%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥117,480,098.95, a decrease of 206.33%[3]. - Cash inflow from financing activities was CNY 2,653,989,666.41, compared to CNY 3,483,183,239.32 in the previous year[30]. - The net cash flow from financing activities in Q3 2021 was CNY 2,776,637.43, a significant decrease from CNY 238,829,575.72 in Q3 2020[31]. - The total cash outflow from financing activities was CNY 2,651,213,028.98, down from CNY 3,244,353,663.60 in the same period last year, representing a reduction of approximately 18.3%[31]. Inventory and Receivables - The company's inventory stood at CNY 217,362,421.95, with a significant decrease from CNY 690,850,182.47, marking a reduction of about 68.5%[21]. - The company’s accounts receivable decreased to CNY 391,458,936.84 from CNY 434,622,978.78, indicating a decline of approximately 9.9%[20]. - The company’s other receivables increased to CNY 142,414,670.62 from CNY 99,125,884.22, representing an increase of about 43.6%[21]. Strategic Plans - The company plans to issue up to 76,238,881 shares in a non-public offering, which was approved in a board meeting on June 21, 2021[13]. - The company plans to sign a contract for the acquisition of state-owned land use rights for CNY 73,970,300, as part of its expansion strategy[18]. - The company plans to enhance market expansion and product development strategies in response to the current financial performance[26]. Other Financial Metrics - The weighted average return on net assets was 7.91%, an increase of 6.79 percentage points compared to the previous year[4]. - Earnings per share (EPS) for the period was CNY 0.03, down from CNY 0.12 in the same quarter last year[27]. - Research and development expenses increased significantly to CNY 3,136,888.35 from CNY 719,055.58, reflecting a focus on innovation[26]. Audit and Compliance - The Q3 2021 report was not audited, indicating that the figures may be subject to change upon final review[33].

Financial Performance - The company's operating revenue for the reporting period was CNY 1,979,191,332.27, a decrease of 13.98% compared to CNY 2,300,919,077.86 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 5,072,742.47, down 87.37% from CNY 40,168,240.99 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY -45,462,902.81, a decline of 360.41% compared to CNY 17,458,395.74 in the same period last year[20]. - The net cash flow from operating activities was CNY -559,953,813.54, which is a 512.52% decrease from CNY -91,417,681.68 in the previous year[20]. - The basic earnings per share were CNY 0.02, down 83.33% from CNY 0.12 in the same period last year[20]. - Total assets at the end of the reporting period were CNY 5,472,790,107.46, a decrease of 6.04% from CNY 5,824,780,347.81 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased by 4.68% to CNY 126,926,652.77 from CNY 121,253,837.89 at the end of the previous year[20]. - The weighted average return on net assets was 0.04%, down 0.40% from 0.44% in the previous year[20]. Operational Highlights - The company processed 1.6914 million tons of sugarcane and produced 231,900 tons of refined sugar during the reporting period[27]. - The company reported a non-recurring gain of approximately CNY 50.54 million, primarily from government subsidies[24]. - The sugar industry in China is experiencing a consumption growth potential, with demand outpacing production growth in recent years[28]. - The company aims to enhance its core competitiveness through independent innovation and the introduction of advanced technologies, having completed over 50 major technological innovation projects[31]. - The company has established a comprehensive quality management system and has received multiple quality certifications, including ISO9001:2015 and FSSC22000[31]. - The company maintains strong relationships with major clients such as Haitian Flavoring & Food and Wahaha, focusing on both dealer and end-user sales[27]. - The company is positioned in Guangxi, which accounts for approximately 60% of China's sugarcane planting area and sugar production[28]. - The company has been recognized for its product quality, with its sugar products winning first place in national quality evaluations for over a decade[31]. - The company’s strategic goal is to expand its sugar production business and achieve a revenue target of CNY 10 billion[31]. - The company’s sales strategy is flexible, adapting to market changes and maintaining good relationships with strategic customers to stabilize market share[27]. Financial Position and Liabilities - The total assets at the end of the reporting period were ¥5,470,000,000, with cash and cash equivalents decreasing by 3.62% to ¥644,216,343.41[42]. - The company’s short-term borrowings increased by 4.01% to ¥3,072,816,810.00 from ¥3,037,175,747.00[43]. - As of the end of the reporting period, the total value of restricted assets amounted to CNY 777,688,817.26, including CNY 251,259,563.10 in cash due to margin and litigation freezes, and CNY 512,252,008.75 in fixed assets and CNY 14,177,245.41 in intangible assets due to mortgage loans[44]. - The company faces increased short-term debt repayment pressure if sugar production continues to decline and sugar prices do not reach the breakeven point[55]. - The main raw material for sugar production, sugarcane, constitutes about 80% of the production cost, making the company vulnerable to supply risks from natural disasters and competition from other crops[54]. Environmental Compliance - The company reported a total wastewater discharge with COD concentration of 20.70 mg/L, complying with local standards[67]. - The company achieved a total of 5.20 tons of COD and 0.11 tons of ammonia nitrogen in wastewater discharge from the Yangdai Bridge Sugar Factory[67]. - The company has implemented various pollution control facilities, including a cooling water recycling system and a SNCR flue gas denitrification system[68]. - All solid waste, including filter mud and boiler ash, is 100% utilized, demonstrating effective waste management practices[68]. - The company has maintained compliance with environmental regulations, with no administrative penalties reported for environmental issues[72]. - The company has established online monitoring systems for wastewater and flue gas emissions, ensuring real-time compliance with environmental standards[71]. - The company’s environmental monitoring data is connected to the Nanning Ecological Environment Bureau for oversight[71]. - The company has revised and reviewed its emergency response plans for environmental incidents, ensuring preparedness[70]. Related Party Transactions and Commitments - The company has committed to avoid any business that may compete with Nanning Sugar Industry and will notify Nanning Sugar Industry of any new business opportunities that could create competition[76]. - The company will prioritize transferring or managing any business that constitutes substantial competition with Nanning Sugar Industry to ensure compliance with commitments made[80]. - The company has pledged to maintain the independence of Nanning Sugar Industry in terms of personnel, finance, assets, and operations to protect the interests of minority shareholders[79]. - The company is currently fulfilling its commitments regarding related party transactions and will adhere to market pricing principles[78]. - The company has made a commitment to minimize and regulate related transactions with Nanning Sugar Industry and its subsidiaries[80]. - The company will not engage in any business that is similar to or the same as the main business of Nanning Sugar Industry through direct or indirect means[80]. - The company has reported a total of 943.4 million CNY in related party transactions, which accounted for 100% of the approved transaction amount of 1,500 million CNY[94]. - The company has no significant related party transactions that could harm its interests[82]. Legal Matters - The company is involved in a significant lawsuit with Guangxi Fufang Investment Co., with a disputed amount of CNY 127.42 million, which has not yet formed an estimated liability[91]. - The company has received a court ruling requiring Guangxi Fufang Investment Co. to pay a total of CNY 118.16 million in performance compensation for the years 2016, 2017, and 2018[91]. - The company has reported a potential loss of CNY 6.02 million related to a contract dispute with Guangxi Siyuan Agricultural Development Co., which is currently under appeal[92]. - The company has filed a counterclaim against Siyuan for CNY 13.65 million, actively engaging legal representation to protect its interests[92]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,524[128]. - The largest shareholder, Guangxi Rural Investment Group, holds 23.70% of the shares, totaling 76,813,828 shares[129]. - The second largest shareholder, Nanning Zhenning Asset Management, holds 18.50%, totaling 59,954,972 shares[129]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[129]. - There were no changes in the controlling shareholder or actual controller during the reporting period[132]. Financial Reporting and Compliance - The semi-annual financial report was not audited[88]. - The financial statements were approved by the company's seventh board of directors on August 26, 2021[179]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the company's financial position as of June 30, 2021, and the operating results for the first half of 2021[185]. - The company adheres to the accrual basis of accounting, with historical cost as the measurement basis for most assets[185]. - The company recognizes revenue based on its specific production and operational characteristics, with detailed policies outlined in the financial report[183].

南 宁糖业股份有限公司 Nanning Sugar Industry CO.,LTD. 证券代码：000911 证券简称：南宁糖业 公告编号：2021-041 南宁糖业股份有限公司 关于参加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、 误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，南宁糖业股份有限公司（以下简称"公 司"）将参加由广西上市公司协会、深圳市全景网络有限公司共同举办的"2021 年广西地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通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登陆""全景·投资者关系互动平台"网站（http：//ir.p5w.net） 参与公司本次投资者集体接待日活动，活动时间为 2021 年 5 月 21 日（星期五） 15:30 至 17:00。 届时公司董事长莫菲城先生、总经理肖凌先生、总会计师刘宁先生、董事 会秘书滕正朋先生将通过网络在线问答互动的形式，与投资者就公司治理、发 展经营情况、融资情况和可持续发展等投资者关注的问题进行交流。期间，公 司高管将 ...

Financial Performance - The company's revenue for Q1 2021 was ¥901,375,995.14, an increase of 18.47% compared to ¥760,853,298.63 in the same period last year[8] - Net profit attributable to shareholders decreased by 56.10% to ¥5,307,345.80 from ¥12,088,364.43 year-on-year[8] - The net profit after deducting non-recurring gains and losses was -¥27,648,116.66, a decline of 81.01% compared to -¥15,274,085.35 in the previous year[8] - The company's net loss for Q1 2021 was CNY 18,596,093.18, compared to a net profit in the previous period[40] - The total profit for the first quarter of 2021 was CNY 16,381,776.18, compared to CNY 18,046,205.91 in the previous year, reflecting a decline of 9.2%[41] - The company's operating profit for the first quarter of 2021 was CNY 16,131,219.12, down from CNY 17,974,209.49 in the same period last year[41] - The company's financial expenses for the first quarter of 2021 were CNY 47,934,954.10, an increase from CNY 41,087,993.45 in the same period last year[44] - The total comprehensive income for the first quarter of 2021 was CNY 5,652,517.94, down from CNY 16,376,167.47 in the previous year[42] Cash Flow and Liquidity - The net cash flow from operating activities improved by 34.54%, reaching -¥120,238,594.17, compared to -¥385,088,533.51 in the same period last year[8] - The cash inflow from operating activities for the first quarter of 2021 was CNY 1,100,655,792.03, compared to CNY 933,704,294.33 in the previous year, indicating a growth of 17.9%[48] - The net cash flow from operating activities was -120,238,594.17 CNY, an improvement from -385,088,533.51 CNY in the previous period, indicating a reduction in cash outflow[49] - Total cash inflow from financing activities was 1,055,100,000.00 CNY, compared to 1,236,100,000.00 CNY in the previous period, reflecting a decrease of approximately 14.7%[50] - The net cash flow from investing activities was -73,857,998.82 CNY, worsening from -23,026,688.92 CNY in the previous period, indicating increased cash outflow for investments[49] - Cash and cash equivalents decreased to CNY 271,895,366.32 from CNY 369,567,441.44 as of December 31, 2020[34] - The company's cash and cash equivalents decreased by 97,672,075.12 CNY during the period, compared to a decrease of 119,223,307.25 CNY in the previous period, showing a slight improvement in cash management[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,916,125,201.82, a 1.57% increase from ¥5,824,780,347.81 at the end of the previous year[8] - The company's total assets amounted to CNY 5.92 billion, an increase from CNY 5.82 billion on December 31, 2020[31] - Total current liabilities increased to CNY 4,880,834,750.77 from CNY 4,791,889,035.94[34] - The company's total liabilities reached CNY 5,656,434,287.07, compared to CNY 5,571,053,275.30 in the previous period[34] - Short-term borrowings rose to CNY 3.17 billion as of March 31, 2021, compared to CNY 3.04 billion at the end of 2020, marking an increase of about 4.4%[32] - Long-term borrowings decreased to CNY 405,000,000.00 from CNY 432,000,000.00[34] Inventory and Operating Costs - The company's inventory increased by 30.01% compared to the beginning of the period, primarily due to the concentration of mechanism sugar production from January to March[15] - Operating costs rose by 26.58%, mainly attributed to the increase in mechanism sugar sales volume[15] - The company's sales expenses for the first quarter of 2021 were CNY 14,875,320.96, compared to CNY 9,872,051.14 in the previous year, reflecting an increase of 50.6%[44] - The company's management expenses for the first quarter of 2021 were CNY 35,623,933.79, slightly up from CNY 34,589,806.50 in the previous year[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,725[11] - The equity attributable to shareholders of the parent company was CNY 126,872,507.99, up from CNY 121,253,837.89[34] Government Subsidies - The company received government subsidies amounting to ¥32,792,382.07 during the reporting period[9] - The company received government subsidies of CNY 7.5 million for the "Double High" project on January 25, 2021, and an additional CNY 19.42 million on February 8, 2021, both related to asset support[19] Other Information - The company has no reported violations regarding external guarantees during the reporting period[25] - There were no significant contracts or entrusted financial management activities reported during the period[23][27] - The company plans to establish a joint venture with an investment of CNY 4.5 million in Guangxi Shuangxin Sugar Industry Technology Research Institute Co., Ltd.[17] - The company has undergone a change in its headquarters address effective February 3, 2021, moving to a new location in Nanning, Guangxi[17]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[14]. - Future guidance estimates a revenue growth of 12% for 2021, driven by increased demand in both domestic and international markets[14]. - The company's operating revenue for 2020 was ¥3,547,407,201.64, a decrease of 3.15% compared to ¥3,662,949,804.03 in 2019[19]. - The net profit attributable to shareholders for 2020 was ¥43,849,667.25, representing a 37.50% increase from ¥31,891,158.49 in 2019[19]. - The net cash flow from operating activities increased by 73.01% to ¥954,061,398.85 in 2020, up from ¥551,456,229.50 in 2019[19]. - The company's total assets at the end of 2020 were ¥5,824,780,347.81, reflecting a 9.04% increase from ¥5,341,962,444.35 at the end of 2019[20]. - The net assets attributable to shareholders increased by 70.80% to ¥121,253,837.89 at the end of 2020, compared to ¥70,991,002.30 at the end of 2019[20]. - The basic earnings per share for 2020 were ¥0.14, a 40.00% increase from ¥0.10 in 2019[20]. - The company achieved a total operating revenue of 354,741,000 CNY in 2020, a decrease of 3.15% compared to the previous year[43]. - The net profit attributable to shareholders increased by 37.50% to 43,849,700 CNY[43]. Production and Sales - The company produced 361.39 million tons of sugarcane and 462,600 tons of refined sugar during the reporting period[29]. - The company's sugar sales volume reached 542,900 tons in 2020, an increase of 11,500 tons compared to 2019, with an average price increase of 90.9 yuan per ton[40]. - The company's sugar production was 462,600 tons, with a sugar extraction rate of 12.80%[40]. - The company completed a sugarcane planting area of 796,800 acres in 2020, laying a solid foundation for stable raw material supply[83]. - The sugar segment aims to achieve a raw cane production of over 5 million tons during the crushing season through modern agricultural practices and mechanization[80]. Market Expansion and Strategy - The company plans to expand its market presence by increasing production capacity by 20% in the next fiscal year[14]. - User data indicates a 25% increase in customer base, reaching 500,000 active users by the end of 2020[14]. - The company plans to strengthen relationships with strategic customers and develop new clients to stabilize market share[30]. - The company aims to achieve an annual revenue of over 10 billion CNY by 2025, with a target of producing 1 million tons of sugar annually[79]. - The company plans to develop a diversified business model focusing on non-sugar products, logistics, and trade to enhance overall efficiency and growth[79]. - The company is actively exploring strategic partnerships to enhance its supply chain efficiency[14]. Cost Management and Efficiency - The company implemented a series of cost-reduction measures, including socialized management of over 200,000 acres of high-yield sugarcane bases, effectively lowering operating costs[40]. - The company has established a dual-industry structure, balancing sugar production with non-sugar industries, which helped mitigate risks during the pandemic[39]. - The company has implemented a "three reductions" strategy, focusing on reducing management, production, and human resource costs, which helped eliminate delisting risks[42]. Research and Development - The company has invested 50 million RMB in new product development, focusing on sustainable sugar production technologies[14]. - The company is investing 100 million yuan in R&D for new technologies aimed at improving production efficiency[172]. - The company has completed over 50 major technological innovation projects since the establishment of its technology center, enhancing its core competitiveness[34]. Corporate Governance and Shareholder Relations - The company has a clear and compliant cash dividend policy, ensuring the protection of minority shareholders' rights[89]. - The company has committed to avoiding competition with its own subsidiaries and ensuring that any new business opportunities are communicated to the company[93]. - The company has established a complete governance structure in compliance with relevant laws and regulations, ensuring the protection of minority shareholders' rights[180]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, institutions, and finance[183]. Environmental and Social Responsibility - The company achieved 100% comprehensive utilization of solid waste including filter mud, boiler ash, and bagasse in 2020[136]. - The company actively participates in poverty alleviation efforts, focusing on sugarcane development and local agricultural projects[128]. - The company invested a total of CNY 374.38 million in poverty alleviation efforts, including CNY 5.38 million specifically for industrial development projects[132]. - The company received the "Outstanding Contribution Award for National Sugar Industry Poverty Alleviation" from the China Sugar Association in September 2020[131]. Legal and Compliance Matters - The company has ongoing litigation involving a total amount of approximately 12,741.79 million yuan related to a contract dispute[105]. - The company has no penalties or rectification measures during the reporting period[107]. - The company has not disclosed any major lawsuits or arbitration matters that could impact its financial position[105]. Future Outlook - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan allocated for potential deals[172]. - The company plans to continue its support for poverty alleviation by enhancing assistance measures and expanding sales channels for agricultural products[133]. - Future strategies include strengthening the sugar industry supply chain to further drive poverty alleviation and rural revitalization efforts[134].

Financial Performance - Net profit attributable to shareholders was CNY 1,423,770.48, an increase of 103.52% year-on-year[8]. - Operating revenue for the reporting period was CNY 950,946,480.52, representing an increase of 8.49% compared to the same period last year[8]. - The company's net assets attributable to shareholders increased by 59.92% to CNY 113,529,979.76 compared to the end of the previous year[8]. - Operating income increased by 27.97% year-on-year, driven by increased trade volume[16]. - Other income increased by 17.86% year-on-year, mainly due to higher government subsidies received[16]. - The company reported a net loss of CNY 1,803,793,647.95 in retained earnings, slightly improved from a loss of CNY 1,845,385,659.42 in the previous year[36]. - The total profit for the current period is CNY 76,666,499.39, compared to a total loss of CNY 544,757,988.87 in the previous period[51]. - The company's operating revenue for the current period is CNY 1,581,214,677.31, a decrease of 14.14% compared to CNY 1,841,070,227.83 in the previous period[53]. - The net profit for the current period is CNY 67,964,350.12, a significant recovery from a net loss of CNY 549,350,698.43 in the previous period[51]. - The company reported investment income of CNY 17,756,300.00, a notable increase from CNY 8,390,657.71 in the prior period[44]. Cash Flow - The net cash flow from operating activities was CNY 201,906,926.45, a decrease of 34.11% compared to the previous year[8]. - The net cash flow from operating activities increased by 116.53% compared to the same period last year, primarily due to higher sales collections[17]. - The net cash flow from investing activities decreased by 25.29% year-on-year, mainly due to reduced cash payments for fixed assets, intangible assets, and other long-term assets[17]. - The net cash flow from financing activities decreased by 61.49% compared to the previous year, attributed to an increase in cash received from borrowings and other financing-related cash payments[17]. - Operating cash inflow for Q3 2020 was CNY 3,577,688,799.17, an increase of 15.3% compared to CNY 3,102,913,665.25 in Q3 2019[58]. - Net cash flow from operating activities was CNY 110,489,244.77, a significant improvement from a net outflow of CNY 668,591,902.41 in the same period last year[58]. - Cash flow from investment activities showed a net outflow of CNY 106,453,242.78, compared to a larger outflow of CNY 142,491,374.68 in Q3 2019[59]. - Cash flow from financing activities generated a net inflow of CNY 238,829,575.72, down from CNY 620,142,199.55 in the previous year[59]. - The net increase in cash and cash equivalents for Q3 2020 was CNY 242,625,446.27, contrasting with a decrease of CNY 191,159,125.47 in Q3 2019[59]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,333,355,472.97, a decrease of 0.16% compared to the end of the previous year[8]. - The total liabilities were CNY 5,117,915,028.27, down from CNY 5,195,433,315.76 in the previous year[35]. - Current liabilities totaled CNY 4,282,651,686.07, a decrease from CNY 4,606,447,448.03 in the previous year[35]. - The company's cash and cash equivalents decreased to CNY 467,123,460.63 from CNY 507,466,708.03[36]. - The total current assets amounted to CNY 2,460,066,691.74, slightly down from CNY 2,469,182,324.95 at the end of 2019, showing a decrease of about 0.9%[32]. - Total liabilities reached CNY 5,195,433,315.76, with current liabilities at CNY 4,606,447,448.03 and non-current liabilities at CNY 588,985,867.73[67]. - The company's equity attributable to shareholders was CNY 70,991,002.30, with total equity at CNY 146,529,128.59[67]. - The total non-current assets were CNY 2,873,288,781.23, slightly up from CNY 2,872,780,119.40[36]. - The total receivables, including accounts and notes receivable, amounted to CNY 552,164,632.60, showcasing the company's credit management[70]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,742[12]. - The company's stock was subject to other risk warnings starting June 10, 2020, due to weak profitability in its main business[19]. - The company successfully applied to remove the other risk warning on its stock, which was approved by the Shenzhen Stock Exchange[19]. Government Subsidies and Investments - The company received a government subsidy of RMB 8.2322 million related to financing loan interest for the 2018/2019 crushing season[19]. - The company received a technical transformation subsidy of ¥10 million from the Guangxi ASEAN Economic and Technological Development Zone Finance Bureau[21]. - The company is planning to invest in a new melt-blown fabric production line to increase its production capacity[21]. Management and Governance - The chairman of the company is Mo Feicheng[74]. - There were no violations regarding external guarantees during the reporting period[26]. - The company did not engage in any securities or derivative investments during the reporting period[23][24]. - The company has implemented new revenue recognition standards effective from January 1, 2020, which may impact future financial reporting[67].

Financial Performance - The company's operating revenue for the reporting period was CNY 2,300,919,077.86, representing a 38.22% increase compared to CNY 1,664,649,197.36 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 40,168,240.99, a significant turnaround from a loss of CNY 498,216,182.66, marking an increase of 108.06%[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 17,458,395.74, compared to a loss of CNY 562,195,946.60, reflecting a 103.11% improvement[19]. - The basic earnings per share increased to CNY 0.12 from a loss of CNY 0.82, representing a 114.63% increase[19]. - The company achieved a revenue of CNY 2,300,919,077.86, representing a year-on-year increase of 38.22%[33]. - The net profit attributable to shareholders reached CNY 4,016,820, an increase of 108.06% compared to the previous year[33]. - The company reported a net loss of approximately 290 million CNY from its sugarcane planting subsidiary, highlighting challenges in this segment[55]. - The company reported a net loss of CNY 1,805,217,418.43, compared to a loss of CNY 1,845,385,659.42 in the previous period, indicating a slight improvement[158]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,506,939,089.60, up 3.09% from CNY 5,341,962,444.35 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 57.48% to CNY 111,793,738.03 from CNY 70,991,002.30 at the end of the previous year[19]. - The company's total liabilities increased to CNY 5,296,114,115.90 from CNY 5,195,433,315.76, reflecting a growth of about 1.93%[158]. - The equity attributable to shareholders improved to CNY 111,793,738.03 from CNY 70,991,002.30, an increase of approximately 57.66%[158]. - The company's cash and cash equivalents rose to ¥731,325,079.84, accounting for 13.28% of total assets, up from 9.73% in the previous year[44]. - Current liabilities decreased to CNY 4,455,179,710.46 from CNY 4,606,447,448.03, a reduction of about 3.26%[157]. - Long-term borrowings rose significantly to CNY 476,500,000.00, compared to CNY 216,500,000.00, marking an increase of approximately 120%[157]. Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of CNY 91,417,681.68 compared to a net outflow of CNY 975,004,093.52, marking an improvement of 89.64%[19]. - The company reported a total cash inflow from financing activities of 2,854,700,000.00 CNY, compared to 3,113,352,484.42 CNY in the previous year, resulting in a net cash flow of 143,886,540.72 CNY[173]. - The total cash outflow from operating activities was 2,662,651,680.73 CNY, compared to 3,051,914,965.26 CNY in the same period of 2019[172]. - The cash inflow from operating activities decreased to 2,571,233,999.05 CNY from 2,076,910,871.74 CNY year-over-year[172]. Operational Efficiency - The gross profit margin for sugar increased by 16.84 percentage points due to improved sugar content and production rates[33]. - The company reduced its sales expenses by 30.75% to CNY 37,388,247.35, attributed to accelerated sugar sales and decreased warehousing costs[36]. - Research and development expenses decreased by 33.64% to CNY 1,518,864.69, reflecting a reduction in new product development activities[36]. - The company is focusing on improving sugarcane yield and quality through better management practices and technology adoption[57]. Market and Competition - The company is facing increased competition in the sugar market, with both domestic and foreign players entering the industry[57]. - The company has not experienced any bankruptcy restructuring events during the reporting period, indicating financial stability[65]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[182]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[90]. - The total COD discharge was 6.19 tons per year, with a concentration of 25.81 mg/L, which is compliant with the standards[90]. - The company has implemented measures to ensure compliance with pollution discharge standards[93]. Social Responsibility - The company has implemented a poverty alleviation plan, focusing on industry support, e-commerce assistance, and job creation for impoverished villages[101][102]. - The company allocated special funds to support poverty alleviation projects and measures, ensuring effective implementation[101]. - The company donated 5,000 disposable protective masks to a poverty-stricken village during the COVID-19 pandemic to ensure the health and safety of residents[103]. Legal Matters - The company is involved in a significant lawsuit with Guangxi Fufang Investment Co., with a disputed amount of CNY 127.42 million, which has not yet resulted in any expected liabilities[66]. - The company has engaged in a civil lawsuit regarding a debt recovery amounting to CNY 41,854,033.67, with a court ruling pending[109]. - The company is involved in a civil lawsuit for performance compensation totaling CNY 118,156,821.38 from a previous investment agreement[110].

Financial Performance - The company's operating revenue for Q1 2020 was ¥760,853,298.63, a decrease of 10.94% compared to the same period last year[9] - The net profit attributable to shareholders was ¥12,088,364.43, representing a significant increase of 104.53% from a net loss of ¥266,706,247.21 in the previous year[9] - The net cash flow from operating activities was -¥385,088,533.51, a decline of 9.84% compared to -¥355,751,329.57 in the same period last year[9] - Total operating revenue for Q1 2020 was CNY 760,853,298.63, a decrease of 10.9% compared to CNY 854,269,894.14 in Q1 2019[40] - Net profit for Q1 2020 was CNY 16,376,167.47, a significant improvement from a net loss of CNY 276,725,596.05 in Q1 2019[41] - The total comprehensive income for the period was ¥16,376,167.47, compared to a loss of ¥276,725,596.05 in the previous year[42] - The financial expenses for the quarter were ¥41,087,993.45, a decrease from ¥59,291,644.46 in the previous year[44] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,900,330,437.02, an increase of 10.45% from ¥5,341,962,444.35 at the end of the previous year[9] - As of March 31, 2020, the total assets of Nanning Sugar Industry Co., Ltd. amounted to CNY 5,900,330,437.02, an increase from CNY 5,341,962,444.35 at the end of 2019[32] - The company's current assets totaled CNY 3,102,647,267.04, up from CNY 2,469,182,324.95 at the end of 2019, indicating a growth of approximately 25.6%[32] - The company's total liabilities reached CNY 5,737,324,994.26, an increase from CNY 5,195,433,315.76 in the previous year[34] - Current liabilities increased to CNY 5,066,744,527.90 in Q1 2020 from CNY 4,606,447,448.03 in Q1 2019, reflecting a rise of 10.0%[34] Inventory and Operating Costs - The company's inventory increased by 72.38% year-on-year, primarily due to the concentration of mechanism sugar production during the January to March period[16] - The company's operating costs increased by 24.29% year-on-year, attributed to a decrease in sales volume of mechanism sugar and a reduction in unit costs[16] - The company's operating costs for Q1 2020 were ¥423,952,571.20, down from ¥637,777,049.73 year-over-year[44] - Inventory levels rose significantly to CNY 1,187,509,161.35, compared to CNY 688,427,396.43 at the end of 2019, representing an increase of approximately 72.6%[32] Cash Flow - Cash and cash equivalents decreased to CNY 584,692,366.29 from CNY 680,455,481.83, reflecting a decline of about 14.1%[32] - The cash and cash equivalents at the end of the period were ¥578,863,921.41, down from ¥682,278,022.07 at the end of the previous year[49] - Operating cash inflow totaled $630,677,332.60, down 20.1% from $789,501,179.27 in the previous period[51] - Net cash outflow from operating activities was -$237,288,911.62, compared to -$163,125,926.13 in the previous period[51] Corporate Governance and Management - The company appointed Mr. Pan Wenxin as the vice general manager during the board meeting held on January 6, 2020[17] - The chairman of the company is Mo Feicheng[54] Legal and Regulatory Matters - The company is involved in ongoing litigation regarding a civil lawsuit for a total of 41.8540 million yuan in goods payment and related fees[19] - The company won a civil judgment requiring the defendant to pay a total of 118.1568 million yuan in performance compensation for the years 2016, 2017, and 2018[19] - The company has prioritized the right to recover funds from the auction of the defendant's property, with a limit of 20 million yuan[19] - The company is awaiting the second trial for a civil lawsuit related to the aforementioned 41.8540 million yuan[19] Government Subsidies and Financial Support - The company received a government subsidy of 10 million yuan related to a technology renovation project[20] - The company was awarded a financing loan interest subsidy of 8.2322 million yuan for the 2018/2019 crushing season[20] Investment and Financial Management - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[21] - The company has no securities investments during the reporting period[22] - The company has no entrusted financial management during the reporting period[23] - The derivative investment strategy includes risk control measures to mitigate the impact of sugar price fluctuations on normal operations[30]