(2)说明隆平发展应收账款计提坏账准备的具体测算过程，报告期各期期末坏账准备计提是否 充分。 请独立财务顾问和会计师进行核查并发表明确意见。 回复： 4.1 公司说明 一、结合隆平发展业务模式、信用政策及销售对象的变化情况，说明应收账款余额持续增长、 2023 年一季度应收账款周转率下滑的原因及合理性 问题 4 重组报告书显示，2021 年末、2022 年末和 2023 年 3 月末，隆平发展应收账款余额分别为 89,951.70 万元、133,355.54 万元和 177,235.11 万元，计提坏账准备金额分别为 6,805.05 万元、 7,297.08 万元和 7,869.74 万元，应收账款余额占营业收入比例分别为 37.64%、34.70%和 248.67%。 2021 年、2022 年和 2023 年 1-3 月，隆平发展应收账款周转率分别为 2.69、3.44 和 0.46。 请你公司： (1)结合隆平发展业务模式、信用政策及销售对象的变化情况，说明应收账款余额持续增长、 2023 年一季度应收账款周转率下滑的原因及合理性； (一)标的公司业务模式及信用政策 标的公司主营业务为玉米种子的研发、 ...

中信建投证券股份有限公司关于深圳证券交易所 《关于对袁隆平农业高科技股份有限公司重大资产购买暨 关联交易的问询函》的回复之核查意见 深圳证券交易所上市公司管理一部： 2023 年 8 月 11 日，袁隆平农业高科技股份有限公司收到贵所《关于对袁隆 平农业高科技股份有限公司重大资产购买暨关联交易的问询函》（并购重组问询 函〔2023〕第 20 号）（以下简称"问询函"）。中信建投证券股份有限公司作为 独立财务顾问，本着勤勉尽责、诚实守信的原则，对问询函进行了认真核查、讨 论，具体问题回复如下。 关于回复内容释义、格式及补充更新披露等事项的说明： 1、如无特殊说明，本问询函回复中简称的释义与重组报告书中的相同； 2、本问询函回复中若出现总计数尾数与所列数值总和尾数不符的情况，均 为四舍五入所致。 | 问询函所列问题 | 黑体 | | --- | --- | | 对问题的回答 | 宋体 | | 对重组报告书内容的补充 | 楷体加粗 | 本问询函回复的内容按如下字体列示： 1 一、关于交易方案 1. 重组报告书显示，根据北京坤元至诚资产评估有限公司出具的《评估报 告》，以 2022 年 12 月 31 日为评估基准日 ...

证券代码：000998 证券简称：隆平高科 上市地：深圳证券交易所 袁隆平农业高科技股份有限公司 重大资产购买暨关联交易报告书（草案） | 1 | 新余农银隆发投资合伙企业 | 江西省新余市渝水区康泰路 21 号新经济大 | | --- | --- | --- | | 序号 | 交易对方 （有限合伙） | 住所或通讯地址 楼 室 906 | 独立财务顾问 二〇二三年八月 声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、上市公司声明 本公司及董事、监事及高级管理人员保证本报告书的内容真实、准确和完整， 不存在虚假记载、误导性陈述或重大遗漏，并对本报告书的真实性、准确性和完 整性承担个别和连带的法律责任。 本公司董事、监事、高级管理人员承诺：本人如为本次交易所提供或披露的 信息涉嫌虚假记载、误导性陈述或者重大遗漏，并被司法机关立案侦查或者被中 国证监会立案调查的，在形成调查结论以前，不转让在上市公司拥有权益的股份， 并于收到立案稽查通知的两个交易日内将暂停转让的书面申请和股票账户提交 上市公司董事会，由董事会代本人向证券交易所和登记结算公司申请锁定；未在 两个交易日内提交锁定申请的， ...

关于回复内容释义、格式及补充更新披露等事项的说明： 1、如无特殊说明，本问询函回复中简称的释义与重组报告书中的相同； 2、本问询函回复中若出现总计数尾数与所列数值总和尾数不符的情况，均 为四舍五入所致。 | 问询函所列问题 | 黑体 | | --- | --- | | 对问题的回答 | 宋体 | | 对重组报告书内容的补充 | 楷体加粗 | 证券代码：000998 证券简称：隆平高科 公告编号：2023-059 袁隆平农业高科技股份有限公司 关于对公司重大资产购买暨关联交易的问询函的回 复公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 2023 年 8 月 2 日，袁隆平农业高科技股份有限公司（以下简称"隆平高科"、 "公司"或"上市公司"）披露了《袁隆平农业高科技股份有限公司重大资产购 买暨关联交易报告书》（以下简称"重组报告书"），并于 2023 年 8 月 11 日收到 深圳证券交易所上市公司管理一部下发的《关于对袁隆平农业高科技股份有限公 司重大资产购买暨关联交易的问询函》（并购重组问询函〔2023〕第 20 号，以下 简称"问询函"）。公司对问 ...

深 圳 证 券 交 易 所 关于对袁隆平农业高科技股份有限公司 重大资产购买暨关联交易的问询函 并购重组问询函〔2023〕第 20 号 袁隆平农业高科技股份有限公司董事会： 2023 年 8 月 2 日，你公司直通披露了《重大资产购买暨关 联交易报告书（草案）》（以下简称"重组报告书"），本次重大资 产购买暨关联交易的交易方案为上市公司拟通过上海联合产权 交易所以现金支付的方式购买新余农银隆发投资合伙企业（有限 合伙）（以下简称"新余农银"）持有的隆平农业发展股份有限公 司（以下简称"隆平发展"）7.14%股权。我部对上述披露文件进 行了事后审查，现将意见反馈如下： 一、关于交易方案 1. 重组报告书显示，根据北京坤元至诚资产评估有限公司 出具的《评估报告》，以 2022 年 12 月 31 日为评估基准日，标的 公司隆平发展 100%股权的评估价值为 1,120,245.12 万元，对应 标的资产隆平发展 7.14%股权的评估值为 80,034.92 万元。新余 1 农银结合评估报告综合考虑确定挂牌底价为 80,098.00 万元。根 据上市公司备考合并资产负债表，截至 2023 年 3 月 31 日，上市 ...

Financial Performance - The company's revenue for Q1 2023 was CNY 1,065,088,746.09, representing a 17.63% increase compared to CNY 905,492,180.47 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2023 was CNY 151,198,905.63, a significant increase of 177.64% from CNY 54,458,451.35 year-on-year[3]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.1148, reflecting a 172.68% increase from CNY 0.0421 in the same period last year[3]. - The total operating revenue for Q1 2023 was ¥1,065,088,746.09, an increase of 17.66% compared to ¥905,492,180.47 in the same period last year[21]. - The net profit for Q1 2023 was CNY 217,756,171.68, a significant increase from CNY 106,936,704.28 in Q1 2022, representing a growth of approximately 103.5%[22]. - The operating profit for Q1 2023 reached CNY 220,848,826.16, compared to CNY 110,248,792.35 in the same period last year, indicating a growth of about 100.5%[22]. - The total comprehensive income for Q1 2023 was CNY 256,280,337.89, down from CNY 458,769,239.95 in Q1 2022, reflecting a decrease of approximately 44.1%[23]. Cash Flow and Assets - The net cash flow from operating activities for Q1 2023 was CNY -746,766,247.64, a decrease of 100.08% compared to CNY -373,229,074.74 in the previous year[3]. - The company's cash and cash equivalents at the end of the quarter were ¥2,474,999,742.08, down from ¥2,740,532,304.83 at the beginning of the year, a decrease of 9.68%[18]. - The total assets at the end of Q1 2023 were CNY 14,392,481,875.28, a decrease of 1.45% from CNY 14,604,710,681.53 at the end of the previous year[3]. - The company's cash and cash equivalents balance was CNY 2,352,135,203.34 at the end of Q1 2023, compared to CNY 1,529,022,889.92 at the end of Q1 2022, an increase of approximately 53.8%[25]. Investment and Research - The increase in revenue was primarily driven by growth in the corn seed business during the reporting period[6]. - The company has increased its investment in research and development and expanded the planting area for major seed varieties, impacting cash flow from operating activities[6]. - Research and development expenses increased significantly to ¥56,915,582.12, compared to ¥28,148,235.51 in the previous year, marking a 102.56% rise[21]. - The company acquired 51% equity in Fujian Keli Seed Industry Co., Ltd. for a consideration of 31.17 million RMB, enhancing its market position in hybrid rice seed production[13]. - The company signed a strategic cooperation framework agreement with Beidahuang Kenfeng Seed Industry Co., Ltd. to leverage complementary strengths in crop varieties and market regions[12]. Shareholder and Governance - The top ten unrestricted shareholders hold a total of 517,000,000 shares, with CITIC Agricultural Technology Co., Ltd. being the largest shareholder with 217,815,722 shares[9]. - The company appointed Liu Zhiyong as the new chairman of the board, effective from March 23, 2023, following the resignation of the previous chairman[17]. Strategic Focus and Risk Management - The company reported a strategic focus on enhancing its market share and industry position in the rice seed sector through acquisitions and partnerships[13]. - The company plans to conduct foreign exchange derivative hedging transactions with a total limit of up to 300 million USD or equivalent RMB, focusing on risk management[15]. - The company is committed to maintaining a cooperative and win-win relationship with its strategic partners to promote mutual development[12]. Accounting and Financial Adjustments - The company adjusted its accounting estimates for expected credit losses and sales return rates, effective from October 1, 2022, to better reflect financial conditions[14]. - The company disclosed that it will not retrospectively adjust previously disclosed financial data due to the accounting estimate changes[14]. - The investment income from joint ventures and associates was a loss of CNY 13,710,281.73 in Q1 2023, compared to a loss of CNY 47,518,464.82 in Q1 2022, showing an improvement[22].

证券代码：000998 证券简称：隆平高科 袁隆平农业高科技股份有限公司投资者关系活动记录表 编号：2023-02 | 投资者关系活动 |  特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访  业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 详见附件：投资者参会清单 | | 人员姓名 | | | 时间 | 年 月 日 2023 4 28 20:30-21:30 | | | 2023 年 5 月 4 日 15:30-17:00 | | 方式 | 线上会议、现场交流+深交所互动易"云访谈"栏目 | | 上市公司接待人 | 董事长刘志勇、总裁马德华、独立董事戴晓凤、副总裁兼财务总监 | | 员姓名 | 黄冀湘、董事会秘书兼战略投资总监陈光尧 一、 行业机遇 | | | 种子作为农业产业链的源头，是确保国家粮食安全和加快农 | | | 业现代化发展的基础支撑，打好种业翻身仗是全面推进乡村振兴 | | | 的重要抓手和着力点。自《种业振兴行动方案》出台以来，按照 | | | "一 ...

Financial Performance - The company's revenue for Q1 2023 was CNY 1,063,840,523.24, representing a 17.49% increase compared to CNY 905,492,180.47 in the same period last year[3] - Net profit attributable to shareholders increased by 213.22% to CNY 170,575,986.89 from CNY 54,458,451.35 year-on-year[3] - The net profit after deducting non-recurring gains and losses rose by 168.63% to CNY 120,273,121.82 from CNY 44,772,505.55 in the previous year[3] - The basic and diluted earnings per share increased by 207.60% to CNY 0.1295 from CNY 0.0421 year-on-year[3] - The weighted average return on equity increased to 3.33% from 0.98% in the same period last year, a rise of 2.35%[3] - Total operating revenue for Q1 2023 reached ¥1,063,840,523.24, an increase of 17.5% compared to ¥905,492,180.47 in the same period last year[21] - The net profit for the first quarter of 2023 was CNY 236,585,156.13, a significant increase from CNY 106,936,704.28 in the same period last year, representing a growth of approximately 121.5%[22] - The total comprehensive income for the first quarter was CNY 303,610,353.80, compared to CNY 458,769,239.95 in the same period last year[23] Cash Flow and Assets - The net cash flow from operating activities decreased by 100.87% to -CNY 749,710,699.12 from -CNY 373,229,074.74 year-on-year[3] - Cash and cash equivalents at the end of the period were ¥2,578,087,665.14, down from ¥2,740,532,304.83 at the beginning of the year, a decrease of 5.9%[18] - The company reported a total of CNY 2,455,223,126.40 in cash and cash equivalents at the end of the quarter, compared to CNY 1,529,022,889.92 at the end of the previous year[25] - Total assets at the end of the reporting period were CNY 14,475,837,806.55, a decrease of 0.88% from CNY 14,604,710,681.53 at the end of the previous year[3] - Total liabilities decreased to ¥8,395,338,210.57 from ¥8,850,362,868.18, a decline of 5.1%[20] Shareholder Information - Shareholders' equity attributable to the parent company increased by 5.16% to CNY 5,296,766,244.41 from CNY 5,036,833,292.82 at the end of the previous year[3] - The top ten unrestricted shareholders hold a total of 217,815,722 shares, with the largest shareholder being CITIC Agricultural Technology Co., Ltd.[9] Strategic Initiatives - The company’s strategic initiatives aim to enhance its core competitiveness and resource advantages in the agricultural sector[12] - The company signed a strategic cooperation framework agreement with Beidahuang Kenfeng Seed Industry Co., Ltd. to leverage complementary strengths in crop varieties and market regions, although specific business contracts are yet to be established[12] - The company agreed to acquire 51% equity in Fujian Keli Seed Industry Co., Ltd. for a consideration of 31.1708 million RMB, which will enhance its market share and industry position in the rice seed sector[13] - The company’s acquisition of Fujian Keli is expected to create synergies in channel and market operations, benefiting its rice seed business[13] Research and Development - Research and development expenses increased significantly to ¥56,915,582.12, compared to ¥28,148,235.51 in the previous year, reflecting a 102.5% rise[21] - The company received agricultural transgenic biological safety certificates for two products: insect-resistant and herbicide-tolerant corn BFL4-2 and insect-resistant soybean CAL16, enhancing its technological advantage in agricultural biotechnology[10] Compliance and Governance - The company is committed to maintaining transparency and compliance in its financial reporting and strategic decisions[14] - The company appointed Liu Zhiyong as a non-independent director and chairman of the board, effective from the date of shareholder meeting approval[17] Other Financial Metrics - The company reported non-recurring gains of CNY 50,302,865.07, primarily from government subsidies and foreign exchange gains on USD loans[4] - The cash flow from investing activities generated a net inflow of CNY 200,435,971.55, compared to CNY 151,233,562.83 in the previous year[25] - The cash flow from financing activities resulted in a net inflow of CNY 380,008,352.44, a turnaround from a net outflow of CNY 26,530,921.07 in the same period last year[25] - The investment income from joint ventures and associates was CNY 4,623,129.35, a decrease from a loss of CNY 47,518,464.82 in the previous year[22] - The company experienced a foreign exchange loss of CNY 567,173.80, contrasting with a gain of CNY 144,448.72 in the same period last year[22]

Financial Performance - The company's operating revenue for 2022 was ¥3,688,805,654.84, representing a 5.29% increase from ¥3,503,442,453.93 in 2021[20]. - The net profit attributable to shareholders for 2022 was -¥876,466,139.92, a significant decrease of 1,503.53% compared to a profit of ¥62,447,360.75 in 2021[20]. - The net cash flow from operating activities decreased by 24.41% to ¥1,035,193,833.17 in 2022 from ¥1,369,454,939.67 in 2021[20]. - The basic earnings per share for 2022 was -¥0.67, a decline of 1,440.00% from ¥0.05 in 2021[20]. - Total assets at the end of 2022 were ¥14,604,710,681.53, an increase of 4.29% from ¥14,003,756,000.06 at the end of 2021[20]. - The net assets attributable to shareholders decreased by 8.53% to ¥5,036,833,292.82 at the end of 2022 from ¥5,506,476,041.40 at the end of 2021[20]. - The company reported a weighted average return on equity of -17.24% in 2022, down from 1.13% in 2021[20]. - The revenue from contracts with customers after deductions was ¥3,685,009,766.16 in 2022, compared to ¥3,499,734,228.07 in 2021[21]. - The company experienced a significant increase in losses, with the net profit after deducting non-recurring gains and losses being -¥817,307,047.31 in 2022, compared to -¥447,776,616.50 in 2021, a change of -82.53%[20]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[20]. Market and Competition - The company is experiencing intense market competition, leading to potential inventory accumulation risks if production does not match market demand[5]. - The agricultural sector is sensitive to seasonal changes, impacting the production, processing, and sales of seeds[5]. - The agricultural seed market showed signs of easing supply and demand in 2022, with increased production costs for corn and rice, indicating a challenging market environment[28]. - The company is focused on expanding its market presence and enhancing its product offerings in the agricultural sector[15]. - The company aims to leverage its research and development capabilities to improve seed varieties and production efficiency, aligning with national agricultural modernization goals[30]. Research and Development - The company is focused on enhancing its breeding technology and innovation capabilities to remain competitive in the market[4]. - The company has established a comprehensive approach to agricultural technology, including research and development of new products[15]. - The company has made significant progress in international corn breeding, collaborating with overseas teams to develop corn varieties[36]. - The company has developed 128 leading varieties for grain and oil production in 2022, including 6 rice varieties, 3 corn varieties, and 1 wheat variety, showcasing its strong innovation capabilities[43]. - The company has established a hybrid rice innovation alliance with 9 research institutions to accelerate key technology breakthroughs in main crops[37]. - The company aims to improve the market competitiveness of its new varieties and expand its market share in hybrid rice and corn[73]. Acquisitions and Investments - The acquisition of Heilongjiang Jiulong Seed Industry Co., Ltd. was completed for a total cost of ¥124,518,000.00, with goodwill amounting to ¥49,961,543.26[64]. - The identifiable net assets acquired from Heilongjiang Jiulong Seed Industry Co., Ltd. were valued at ¥74,556,456.74[65]. - The company completed the acquisition of 100% equity in Guangxi Hengmao Agricultural Technology Co., Ltd., which will now be a wholly-owned subsidiary[91]. - The company acquired a 20% stake in Guangxi Hengmao Agricultural Technology Co., Ltd. for 116.396 million yuan, funded by its own resources[90]. - The company has established a genome selection model for corn, utilizing over 35,000 phenotypic data points and 10K SNP genotype data, enhancing breeding efficiency[74]. Corporate Governance - The company has established a complete and independent business system, including production, sales, R&D, and quality control, ensuring operational continuity[112]. - The company has implemented a robust internal control system, complying with relevant laws and regulations, and ensuring sound corporate governance[110]. - The company has developed effective communication channels with investors, including dedicated investor hotlines and interactive platforms[111]. - The board of directors consists of 15 members, including 5 independent directors, ensuring a balanced governance structure[110]. - The company maintains strict independence from its controlling shareholder, with separate financial, operational, and management systems in place[112]. Social Responsibility and Community Engagement - The company has been involved in public welfare activities since 2011, contributing to poverty alleviation and social responsibility[165]. - The company has trained over 10,000 agricultural professionals from more than 100 countries through its international training programs, significantly contributing to global food security[163]. - The company actively supports the national rural revitalization strategy, providing professional training for agricultural talents and enhancing farmers' income[165]. - The company has established the Hunan Longping High-Tech Public Welfare Foundation to explore effective industry poverty alleviation methods[164]. - The company provided over 600,000 RMB in discounted or free seeds and over 500,000 RMB in agricultural insurance to economically disadvantaged farmers in Zhangjiakou[164]. Risk Management - The company has established a risk control mechanism for foreign exchange derivative transactions, ensuring compliance with relevant laws and regulations[95]. - The company has implemented policies to mitigate production risks for seed producers through commercial insurance initiatives[33]. - The company has committed to avoiding competition with related parties and ensuring fair pricing in related transactions[170]. - The company has pledged not to engage in any business that competes directly or indirectly with its subsidiaries, ensuring compliance with relevant regulations[176]. Employee Management - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 11.4185 million yuan[128]. - The company has established a comprehensive performance evaluation and remuneration management system for directors, supervisors, and senior management[128]. - The company’s workforce includes 529 production personnel and 987 sales personnel, reflecting a diverse professional composition[140][141]. - The employee stock ownership plan involved 727 employees holding a total of 23,001,458 shares, representing 1.75% of the company's total equity[149]. Future Outlook - The company aims to enter the top five global seed companies by 2025, focusing on rice, corn, and vegetable seed sectors while enhancing quality and expanding both domestic and international markets[104]. - In 2023, the company plans to strengthen its role in national seed industry revitalization, emphasizing technological innovation and international management capabilities[105]. - The company will implement research and development projects to enhance independent innovation capabilities, focusing on breakthroughs in rice gene editing and transgenic corn[106]. - The company aims to enhance marketing services and expand international markets, particularly in hybrid rice markets in the Philippines, Pakistan, and Vietnam, as well as the corn market in Brazil[106].

证券代码：000998 证券简称：隆平高科 公告编号：2023-19 出席本次年度业绩说明会的人员有：公司董事长刘志勇先生、独立董事戴晓 凤女士、副总裁兼财务总监黄冀湘先生、董事会秘书兼战略投资总监陈光尧先生 （如遇特殊情况，参会人员将会调整）。 1.会议召开时间：2023 年 5 月 4 日（星期四）15:30-17:00 2.会议召开方式：现场交流+网络图文互动 3.现场召开地点：湖南省长沙市芙蓉区合平路 638 号 1 楼 网络参与地点：深交所"互动易"平台"云访谈" 一、业绩说明会类型 袁隆平农业高科技股份有限公司（以下简称"公司"）将于2023年4月29日 在 《中国证券报》、《上海证券报》、《证券时报》及巨潮资讯网 （http://www.cninfo.com.cn）上披露《2022年年度报告》全文及摘要等相关公告， 为便于广大投资者更全面深入地了解公司经营情况，公司决定通过"现场交流+ 网络图文互动"相结合的形式举办本次年度业绩说明会，就投资者关心的问题进 行互动交流。 二、业绩说明会召开的时间及地点 召开时间：2023年5月4日（星期四）15:30-17:00 现场召开地点：湖南省长沙市芙蓉区 ...