开源证券 农林牧渔/种植业 公 司 研 究 登海种业（002041.SZ） 2024 年 11 月 01 日 玉米种价下挫致业绩承压，期待种价回暖改善盈利 ——公司信息更新报告 投资评级：买入（维持） | --- | --- | |-------------------------|------------| | 日期 | 2024/11/1 | | 当前股价 ( 元 ) | 10.45 | | 一年最高最低 ( 元 ) | 16.89/7.55 | | 总市值 ( 亿元 ) | 91.96 | | 流通市值 ( 亿元 ) | 91.96 | | 总股本 ( 亿股 ) | 8.80 | | 流通股本 ( 亿股 ) | 8.80 | | 近 3 个月换手率 (%) | 71.24 | 股价走势图 -60% -40% -20% 0% 20% 40% 2023-11 2024-03 2024-07 2024-11 登海种业 沪深300 9 月末合同负债大增，预计 Q4 旺季销售表现靓丽 （1）玉米种子销售低迷拖累公司盈利能力。2024Q1-3 公司销售毛利率 27.31%， 同比-3.32pct，销售净利率 9.9 ...

山东登海种业股份有限公司 第八届监事会第十二次会议决议公告 二、审议通过了《关于变更会计师事务所的议案》，赞成票 7 票，反对票 0 票，弃权票 0 票； 同意聘任中证天通会计师事务所（特殊普通合伙）为公司 2024 年度审计机构。 本公司及监事会全体成员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 山东登海种业股份有限公司（以下简称"公司"）第八届监事会 第十二次会议通知于 2024 年 10 月 19 日以传真、电子邮件方式发出， 2024 年 10 月 29 日上午 10：30，以通讯表决方式召开，会议应参会 监事 7 名，实际参会监事 7 名,董事会秘书原绍刚先生列席参加；会 议的召开程序符合《公司法》和《公司章程》的有关规定、会议合法 有效。 会议经参会监事审议和表决，形成如下决议： 一、审议通过了《山东登海种业股份有限公司 2024 年第三季度 报告》，赞成票 7 票，反对票 0 票，弃权票 0 票。 经审核，监事会认为董事会编制和审议《山东登海种业股份有限 公司 2024 年第三季度报告》的程序符合法律、行政法规及中国证监 会的规定，报告内容真实、准确、完整地反映 ...

山东登海种业股份有限公司 证券代码：002041 证券简称：登海种业 公告编号：2024-017 山东登海种业股份有限公司 第八届董事会第十三次会议决议公告 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。 山东登海种业股份有限公司（以下简称"公司"）第八届董事会 第十三次会议通知于 2024 年 10 月 19 日以电子邮件方式发出，2024 年 10 月 29 日上午以通讯表决方式召开。会议应参会董事 9 人，实际 参会董事 9 人，会议召开的程序符合《公司法》和《公司章程》的规 定，会议合法有效。 会议经参会董事审议和表决，通过了如下决议： 一、审议通过了《山东登海种业股份有限公司 2024 年第三季度 报告》赞成票 9 票、反对票 0 票、弃权票 0 票。 详见公司 2024 年 10 月 30 日刊登在《中国证券报》、《证券时报》 及巨潮资讯网站（http://www.cninfo.com.cn）上的《山东登海种业 股份有限公司 2024 年第三季度报告》。 公司 2024 年第三季度报告中的财务信息及财务报表，已经公司 审计委员会 2024 年第四次 ...

山东登海种业股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏 一、召开会议基本情况 （一）股东大会届次 本次召开的股东大会为山东登海种业股份有限公司（以下简称 "公司"或"本公司"）2024年第一次临时股东大会。 （二）股东大会的召集人：公司董事会。 2024年10月29日召开的第八届董事会第十三次会议审议通过了 《关于召开2024年第一次临时股东大会的议案》，同意召开本次股 东大会。 （三）会议召开的合法、合规性：本次股东大会会议的召集、 召开符合有关法律、行政法规、部门规章、规范性文件和《公司章 程》等的规定。 证券代码：002041 证券简称：登海种业 公告编号：2024- 021 山东登海种业股份有限公司 关于召开2024年第一次临时股东大会的通知 本次股东大会采用现场投票与网络投票相结合的方式。本次股 东大会将通过深圳证券交易所交易系统和互联网投票系统 （http://wltp.cninfo.com.cn）向公司股东提供网络形式的投票平 台，公司股东可以在网络投票时间内通过深圳证券交易所交易系统 或互联网投票系统对本次股东大会审议事项进行 ...

山东登海种业股份有限公司 证券代码：002041 证券简称：登海种业 公告编号：2024-020 山东登海种业股份有限公司 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。 特别提示： 1.拟聘任的会计师事务所名称：中证天通会计师事务所（特殊普通合伙）（以 下简称"中证天通"）。 2.原聘任的会计师事务所名称：中天运会计师事务所（特殊普通合伙）（以 下简称"中天运"）。 3.变更会计师事务所的简要原因及前任会计师的异议情况：鉴于中天运已连 续为公司提供审计服务多年，为保持公司审计工作的独立性和客观性，综合考虑 公司业务发展和未来审计的需要，公司拟变更会计师事务所。公司已就该事项与 中天运进行了沟通说明，其已明确知悉本次变更事项并确认无异议。经公司履行 选聘程序后，拟聘任中证天通会计师事务所（特殊普通合伙）为公司 2024 年度 财务报告审计和内部控制审计机构。 4.公司董事会审计委员会、董事会对本次变更会计师事务所事项均无异议。 本次聘任事项尚需提交股东大会审议。 5.本次变更会计师事务所事项符合《国有企业、上市公司选聘会计师事务 所管理办法》（财会〔2023〕 ...

Revenue and Profit - Revenue for Q3 2024 was CNY 170,550,759.43, a slight increase of 0.01% compared to the same period last year, while year-to-date revenue decreased by 11.55% to CNY 578,243,392.83[2] - Net profit attributable to shareholders for Q3 2024 was CNY 5,847,962.00, down 71.86% year-on-year, and year-to-date net profit decreased by 38.57% to CNY 58,583,351.87[2] - Total operating revenue for the current period is ¥578,243,392.83, a decrease of 11.5% compared to ¥653,722,860.97 in the previous period[15] - Net profit for the current period is ¥57,327,759.10, a decline of 43.2% from ¥100,965,395.03 in the previous period[16] - Comprehensive income attributable to the parent company is ¥55,729,035.44, compared to ¥95,361,501.33 in the previous period[17] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 119,835,662.44, a decrease of 57.79% compared to the previous year[2] - The net cash flow from operating activities for Q3 2024 was ¥119,835,662.44, a decrease of 57.8% compared to ¥283,874,823.67 in Q3 2023[19] - Cash flow from operating activities is ¥908,918,052.30, a decrease of 20.5% compared to ¥1,143,148,010.79 in the previous period[18] - The cash outflow from operating activities was ¥789,082,389.86, compared to ¥859,273,187.12 in Q3 2023, indicating a reduction of 8.2%[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,099,987,027.00, reflecting a growth of 6.20% compared to the end of the previous year[2] - Current assets totaled CNY 4,263,449,147.15, up from CNY 4,020,082,336.88, indicating an increase of about 6.1%[13] - Total liabilities as of September 30, 2024, were CNY 1,106,785,659.77, up from CNY 839,633,416.13, reflecting an increase of approximately 31.9%[13] - Total liabilities amount to ¥1,189,282,478.06, an increase of 29.6% from ¥917,630,658.56 in the previous period[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 65,760, with the largest shareholder holding 53.21% of the shares[8] - Total equity attributable to shareholders increased by 0.76% to CNY 3,596,623,970.60 compared to the end of the previous year[2] - Total equity attributable to shareholders of the parent company is ¥2,310,571,053.69, slightly up from ¥2,286,522,018.25 in the previous period[14] Research and Development - Research and development expenses increased by 40.53% year-on-year, indicating a focus on enhancing R&D capabilities[5] - Research and development expenses increased to ¥61,673,048.23, up 40.5% from ¥43,885,387.88 in the previous period[15] Government Support and Financing - The company received government subsidies amounting to CNY 10,800,202.98 during the reporting period, contributing positively to its financial performance[3] - The company experienced a 100.64% increase in short-term borrowings, primarily due to increased loans for production funding[5] - The company’s long-term borrowings stood at CNY 6,000,000.00, reflecting a new financing strategy to support growth initiatives[13] Inventory and Prepayments - The company reported a significant increase in prepayments, up 216.92% year-on-year, attributed to increased advance payments for seed production[4] - Inventory increased to CNY 917,546,234.15 from CNY 854,525,383.78, marking a rise of about 7.4%[12] Future Outlook - The company plans to enhance its market presence and revenue through the introduction of new product lines and technologies[11] - The company has received approval for three genetically modified corn varieties, enhancing its product portfolio for future market expansion[11]

Financial Performance - The company's operating revenue for the first half of 2024 was ¥407,692,633.40, a decrease of 15.63% compared to ¥483,197,074.84 in the same period last year[11]. - The net profit attributable to shareholders was ¥52,735,389.87, down 29.29% from ¥74,576,285.18 year-on-year[11]. - The net profit after deducting non-recurring gains and losses was ¥10,830,439.02, reflecting a significant decline of 71.91% from ¥38,551,935.65 in the previous year[11]. - The basic earnings per share decreased by 29.28% to ¥0.0599 from ¥0.0847 in the same period last year[11]. - The company's total assets at the end of the reporting period were ¥4,726,848,942.96, a decrease of 1.57% from ¥4,802,168,323.50 at the end of the previous year[11]. - The net assets attributable to shareholders increased slightly by 0.59% to ¥3,590,609,338.13 from ¥3,569,553,948.26 at the end of the previous year[11]. - The company reported a net cash flow from operating activities of -¥126,799,071.41, an improvement of 53.84% compared to -¥274,691,898.52 in the same period last year[11]. Market and Competition - The company reported a significant focus on new variety research and promotion, highlighting the challenges of long development times and high costs associated with breeding new crop varieties[2]. - The seed industry is characterized by seasonality, with the majority of revenue and profit concentrated in the months of November-December and January-June of the following year[2]. - The overall market for corn seeds is experiencing a slowdown in supply and demand, with a notable increase in return rates for corn seeds by the end of June[15]. - The company is facing increased competition due to the rapid introduction of new technologies and products in the market[2]. - The company continues to focus on expanding its market presence while navigating the challenges posed by counterfeit products and illegal seed operations[2]. Research and Development - The company is actively involved in the development of new seed varieties and has seen a notable increase in the number of genetically modified corn and soybean varieties approved for production[15]. - The company has established a stable development model in crop breeding, aligning with national industrial development policies[16]. - R&D investment increased by 19.81% to CNY 37,968,891.89 from CNY 31,690,815.54 year-on-year[24]. - Research and development expenses increased to CNY 37.66 million in the first half of 2024, up 19.9% from CNY 31.37 million in the first half of 2023[71]. Financial Position - The company's cash and cash equivalents at the end of the period amounted to CNY 1,459,045,090.33, representing 30.87% of total assets[28]. - The total current assets decreased to ¥3,914,233,051.93 from ¥4,020,082,336.88, indicating a decline of about 2.6%[64]. - The company’s short-term borrowings increased by 140.13%, attributed to loans for seed production funding[21]. - The total liabilities decreased from CNY 917,630,658.56 to CNY 826,676,670.70, a reduction of about 9.89%[66]. - The total equity increased to CNY 3.35 billion in the first half of 2024, compared to CNY 3.33 billion in the same period of 2023[71]. Corporate Governance - The company has not reported any changes in its registered address or contact information during the reporting period[8]. - The company’s legal representatives and financial officers have confirmed the accuracy and completeness of the financial report[1]. - The annual shareholders' meeting had a participation rate of 60.95% on May 13, 2024[43]. - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[44]. Risk Factors - The overall inventory in the corn seed industry remains high, which poses a market risk for the company[2]. - The company is sensitive to natural disasters, which can directly affect seed yield and quality during critical production periods[1]. - The company emphasizes the importance of adhering to national agricultural policies, which could impact operations if there are significant changes[1]. Social Responsibility - The company donated 3,000 RMB to the Changji Disabled Persons' Federation during the reporting period[46]. - The company has no significant environmental issues or administrative penalties reported during the period[46]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect the true financial condition and operating results[97]. - The company uses the effective interest method to recognize interest income on financial assets measured at amortized cost, with impairment losses recognized in profit or loss[112]. - The company recognizes revenue when it fulfills its performance obligations, which occurs when customers gain control of the related goods or services[167].

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证券代码：002041 证券简称：登海种业 公告编号：2024-015 山东登海种业股份有限公司 2023 年年度权益分派实施公告 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。 山东登海种业股份有限公司（以下简称"本公司"或"公司"）， 2023 年年度权益分派方案已获 2024 年 5 月 13 日召开的 2023 年年度股东 大会审议通过，现将权益分派事宜公告如下： 一、股东大会审议通过权益分派方案情况 1、公司 2023 年年度权益分派方案已经 2024 年 5 月 13 日召开的 2023 年度股东大会审议通过，股东大会决议公告已于 2024 年 5 月 14 日刊登在 《 中 国 证 券 报 》 《 证 券 时 报 》 和 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上。 2、本次权益分派方案自披露至实施期间,公司总股本未发生变化。若 公司总股本在权益分派实施前发生变化，公司将按照分配总额固定的原则 对分配比例进行调整。 本公司 2023 年年度权益分派方案为：以公司现有总股本 880,000,000 股为基数，向全体股 ...

此会议的内容包括但不限于视频音频文字记录内容等信息感谢您的理解与配合中泰证券对违反上述要求的行为保留追究法律责任的权利市场有风险投资需谨慎本会议信息仅供参考不代表任何投资建议本公司不对任何人因使用本会议中的信息所引致的任何损失负担任何责任好各位投资者大家上午好我是中泰农业的何嘉博欢迎大家参加我们 欢迎大家参加我们中泰证券春季策略会的线上交流部分那么今天呢今天上午很高兴邀请到灯海总业的董立元总为我们分享这个公司的情况那相信大家来说呢已经阅读了公司的这个年报和一级报那么来说呢我想呢我们就今天呢为了节约时间我们直接进入到这个投资者的提问环节直接进入提问环节那么呢那我们会助理那我们播报一下提问方式 大家好如需提问电话端的参会者请先按话机上的信号键再按数字一网络端的参会者您可以在直播间互动区域内文字提问或点击旁边的举手按钮申请语音提问谢谢大家好如需提问电话端的参会者请先按话机上的信号键再按数字一网络端的参会者您可以在直播间互动区域内文字提问或点击旁边的举手按钮申请语音提问谢谢 下面有请委员7625参会者提问你好我这边有几个问题想和您请教一下第一个问题就是因为我们也看到今年整个粮食的价格是比较低迷的那公司是否会面临比较大 ...