Financial Performance - The company reported a total operating revenue for the reporting period reached ¥483,197,074.84, representing a year-on-year increase of 9.89% compared to ¥439,696,556.88 in the previous year[69]. - The net profit attributable to shareholders of the parent company decreased by 33.50% year-on-year, primarily due to increased seed costs[68]. - The net cash flow from operating activities experienced a net outflow increase of ¥32,863,255.57, mainly due to higher R&D expenses paid to partners compared to the previous year[68]. - The company reported a total comprehensive income of ¥4,686,721.12 for Donghai Pioneer, which is a decrease from the previous period's comprehensive income of ¥7,748,475.67[42]. - The net profit attributable to the parent company shareholders for the first half of 2023 is CNY 74,576,285.18, a decrease of 33.6% compared to CNY 112,151,756.82 in the same period of 2022[167]. - The basic and diluted earnings per share for the first half of 2023 are both CNY 0.0847, down from CNY 0.1274 in the first half of 2022, reflecting a decline of 33.5%[167]. - The total comprehensive income attributable to the parent company shareholders for the first half of 2023 is CNY 75,130,912.32, compared to CNY 111,045,934.02 in the same period of 2022, indicating a decrease of 32.4%[167]. - The operating profit for the first half of 2023 is CNY 62,980,497.41, down 51.1% from CNY 128,917,886.66 in the first half of 2022[169]. - The total comprehensive income for the first half of 2023 is CNY 126,179,611.18, reflecting the company's performance during this period[183]. Assets and Liabilities - The total assets of Donghai Pioneer amounted to ¥349,695,224.89, with current assets at ¥331,962,762.51, and non-current assets at ¥17,732,462.38[42]. - The total liabilities for Donghai Pioneer were ¥100,087,301.95, with current liabilities at ¥100,087,301.95[42]. - The cash and cash equivalents at the end of the period amounted to CNY 12,770,939.02, with fixed and intangible assets used as collateral[26]. - The total balance of receivables at the end of the period was 45,928,427.24, with significant amounts overdue[101]. - The total balance of other receivables at the end of the period was CNY 187,723,291.34, an increase from CNY 180,716,289.42 at the beginning of the period[125]. - The company’s provision for bad debts increased to CNY 8,778,529.66, up from CNY 8,364,740.75 at the beginning of the period[127]. - The company has no significant commitments or contingent liabilities that need to be disclosed as of the report date[91]. - The total equity attributable to the parent company at the end of the first half of 2023 is CNY 3,142,523,405.81, an increase from CNY 3,091,064,026.47 at the end of the previous year, representing a growth of approximately 1.65%[178]. - The company's retained earnings as of the end of the first half of 2023 stand at CNY 1,878,540,720.87, compared to CNY 1,846,951,069.78 at the end of the previous year, indicating an increase of about 1.71%[178]. Cash Flow - The cash flow from operating activities for Donghai Pioneer was -¥88,430,570.63, compared to -¥82,553,231.24 in the previous period[42]. - The net cash flow from operating activities for the first half of 2023 is -CNY 151,586,410.22, compared to -CNY 125,027,616.35 in the same period of 2022, indicating a worsening cash flow situation[173]. - The total cash inflow from investment activities for the first half of 2023 is CNY 2,400,909,030.96, an increase from CNY 2,175,683,363.98 in the first half of 2022[173]. - The cash outflow for purchasing fixed assets, intangible assets, and other long-term assets in the first half of 2023 is CNY 16,187,763.05, compared to CNY 10,419,370.69 in the same period of 2022, reflecting an increase of 55.5%[173]. - The net cash flow from financing activities for the first half of 2023 is CNY 7,634,098.79, a significant improvement compared to -CNY 33,211,608.04 in the first half of 2022[173]. - The cash and cash equivalents at the end of the first half of 2023 stand at CNY 278,954,897.61, compared to CNY 240,323,827.42 at the end of the first half of 2022, showing an increase of 16.1%[173]. Government Subsidies and Investments - The company received government subsidies totaling CNY 5,438,145.73 related to compensating for costs and losses incurred[29]. - The company recorded non-operating income totaling CNY 36,024,349.53, which includes government subsidies and gains from the disposal of non-current assets[140]. - The company has invested ¥64,042.00 in the Qingdao Biotechnology R&D Center, with a cumulative investment of ¥105,710,073.66[78]. - The company invested CNY 30 million to establish a wholly-owned subsidiary, Xinjiang Denghai Agricultural Technology Co., Ltd., in February 2023[120]. Subsidiaries and Market Position - The company has established several subsidiaries, including 登海鲁西 and 宁夏登海, with ownership stakes of 57.00% and 100.00% respectively[34]. - The subsidiary Zhangye Denghai achieved a net profit of 3,126,317.27 with a net profit margin of 59.63%, primarily due to subsidies from the local finance bureau[84]. - The subsidiary Changji Denghai reported a total revenue of 51,509,023.37 and a net profit of 15,934,889.39, indicating strong performance in corn seed breeding and sales[82]. - The subsidiary Denghai Xianfeng generated a revenue of 60,846,931.32 and a net profit of 4,686,721.12, contributing significantly to the overall financial results[82]. - The company has a significant presence in the market, ranking 4th in total sales of commercial seeds and 2nd in hybrid corn sales in 2021[66]. Shareholder Information - The total number of shares before the change was 880,000,000, representing 100.00% of the shares[145]. - There were no new shares issued or stock dividends during this period, maintaining the total at 880,000,000 shares[145]. - The company has no restricted shares, with all shares being freely tradable[145]. - The largest shareholder, Li Denghai, holds 64,696,004 shares, accounting for approximately 7.34% of the total shares[150]. - The top ten unrestricted shareholders collectively hold a significant portion of the shares, with the largest institutional investor holding 1.52%[149]. - There were no changes in the controlling shareholder or actual controller during the reporting period[154]. - The company reported no preferred shares existing during the reporting period[156]. - The company has not engaged in any repurchase transactions during the reporting period[153]. Research and Development - The company is actively involved in the research and development of new seed varieties and expanding its market presence[103]. - The company has a robust breeding program with over 3,000 acres of breeding trial fields and 20,000 square meters of greenhouses to support its research and development efforts[66]. - The company has established a modern rural financial service system to support rural revitalization and strengthen agricultural competitiveness[68]. - The company has faced challenges such as increased production costs and market competition due to a surge in corn variety approvals and high inventory levels[68]. - The company has implemented measures to mitigate risks associated with new product market promotion and changes in corn industry policies[103].

Dividend and Stock Plans - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[2] - There were no stock incentive plans or employee stock ownership plans implemented during the reporting period[3] Social Contributions - The company made social donations amounting to 370,000 yuan, including 100,000 yuan for cultural promotion in Haodeng Village and 270,000 yuan for cultural construction in Zhangye Ganzu District[9] Financial Asset Management - The company manages financial assets with a business model aimed at collecting contractual cash flows and selling financial assets[46] - Financial assets are initially measured at fair value, with transaction costs directly expensed for those measured at fair value through profit or loss[48] - The company assesses the characteristics of contractual cash flows to determine if they consist solely of payments of principal and interest[67] - Expected credit losses are measured based on the weighted average of credit losses for financial instruments at risk of default[78] - The company recognizes impairment losses for financial assets measured at amortized cost and those measured at fair value through other comprehensive income[79] - Financial liabilities are initially measured at fair value, with transaction costs included in the initial measurement for those measured at amortized cost[51] - The company terminates recognition of financial assets when they are transferred and the company retains no significant risks and rewards[55] - The company evaluates whether financial assets have experienced significant credit deterioration based on payment delays exceeding 30 days[80] - The company classifies financial assets not measured at fair value through profit or loss as either at amortized cost or at fair value through other comprehensive income[65] - The company measures expected credit losses for receivables over the entire duration, with specific provisions for significant increases in credit risk[105] - The company recognizes contract assets when it has the right to receive consideration for goods or services transferred to customers, contingent on factors other than the passage of time[94] Inventory Management - The company uses a weighted average method for inventory valuation, accounting for costs at the end of the month[89] - The company applies a perpetual inventory system for inventory management[112] - The company assesses the recoverable amount of inventory based on estimated selling prices minus estimated costs and related taxes[91] - The company classifies inventory into categories such as raw materials, finished goods, and work in progress[109] Investment Accounting - The company reports that the initial investment cost for long-term equity investments is determined based on the fair value of the assets paid, liabilities assumed, and equity securities issued at the acquisition date[124] - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[125] - The company uses the cost method for accounting long-term equity investments, adjusting the cost for additional investments or recoveries[149] - The company confirms investment income based on the cash dividends or profits declared by the invested unit[150] - The company classifies investment properties into categories such as leased land use rights and buildings held for rental or capital appreciation[153] - The company employs a straight-line method for amortizing land use rights and investment properties[155] Depreciation and Amortization - The depreciation rates for buildings range from 2.71% to 9.5%, while machinery and equipment range from 9.5% to 19%[158] - The company capitalizes borrowing costs incurred during the construction of fixed assets until the assets are ready for use[159] - The company assesses impairment losses for non-current assets held for sale, recognizing losses when the carrying amount exceeds the fair value less selling costs[148] - The company recognizes research and development expenses as incurred, while development phase expenses are capitalized as intangible assets if specific criteria are met[171] - Long-term equity investments are assessed for impairment, and if the recoverable amount is less than the carrying amount, an impairment provision is recognized[173] - Investment properties are valued at the lower of cost and recoverable amount, with impairment provisions recognized if the recoverable amount is below cost[172] - The company capitalizes borrowing costs directly attributable to the acquisition or production of qualifying assets, while other borrowing costs are expensed as incurred[186] - Intangible assets with a finite useful life are amortized on a straight-line basis over their estimated useful life, while those with an indefinite life are tested for impairment annually[192] Impairment Testing - The company conducts impairment tests for fixed assets when there are indications of impairment, recognizing any loss in the current period[173] - The company evaluates the recoverable amount of assets, including goodwill, and recognizes impairment losses if necessary[176] - The company’s internal research and development projects are categorized into research and development phases, with the latter being more advanced and likely to result in new products or technologies[192] - The company conducts annual impairment tests for goodwill arising from business combinations[198] - Long-term deferred expenses are amortized over the benefit period, which exceeds one year[198] - If long-term deferred expense items do not benefit future accounting periods, the unamortized balance is charged to current profit and loss[198] Related Party Transactions - The company has no significant related party transactions during the reporting period[61] - The company does not report any related party transactions involving joint external investments during the reporting period[138]

山东登海种业股份有限公司 2023 年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：山东登海种业股份有限公司 单位：人民币万元 法定代表人：唐世伟 主管财务工作的公司负责人：邓丽 会计机构负责人：盛文萍 | 非经营性资金占用 | 资金占用方名称 | 占用方与上市 公司的关联关 | 上市公司核算 | 年期初 2023 占用资金余 | 2023 年半年度 占用累计发生 | 年半年 2023 度占用资金 | 2023 年半 年度偿还 | 年半年 2023 度期末占用 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 系 | 的会计科目 | 额 | 金额（不含利 息） | 的利息(如有) | 累计发生 金额 | 资金余额 | | | | 控股股东、实际控制人及 其附属企业 | | | | | | | | | | 非经营性占用 | | 小计 | | | | | | | | | | | | 前控股股东、实际控制人 及其附属企业 | | | | | | | | | | 非经营 ...

山东登海种业股份有限公司 独立董事就相关事项发表的独立意见 根据《上市公司监管指引第 8 号——上市公司资金往来、对外担 保的监管要求》《深圳证券交易所上市公司自律监管指引第 1 号—— 主板上市公司规范运作》《上市公司独立董事规则》等的规定和要求， 作为山东登海种业股份有限公司（以下简称"公司"）的独立董事，本 着对公司和全体投资者负责的态度，我们对控股股东及其他关联方占 用资金情况和对外担保情况进行了认真的检查和问询后，发表独立意 见如下： 一、经核查，报告期内公司与其控股股东及其他关联方之间资金 往来情况如下 （一）公司与控股股东之间资金往来情况 1．公司本期向控股股东莱州市农业科学院（以下简称"莱州农 科院"）销售玉米、花卉，收到结算款 136,673.00 元； 2．2021 年 10 月 24 日公司与莱州农科院续签《资产使用协议》， 将培训中心提供给莱州农科院使用，年使用费用为人民币 35 万元整， 期限 3 年。公司本期确认租赁收益 15 万元； 3．公司向莱州农科院支付餐饮服务费合计金额 231,476.00 元。 截止本报告期末，上述关联交易均按市场价格（或协议约定）结 算。报告期内不存在 ...

Financial Performance - Total operating revenue for Q1 2023 was ¥262,932,208.54, a decrease of 21.51% compared to ¥335,001,959.10 in the same period last year[26] - Net profit attributable to shareholders for Q1 2023 was ¥44,718,132.09, down 57.12% from ¥104,279,159.28 year-on-year[26] - Net profit after deducting non-recurring gains and losses was ¥30,779,394.75, a decline of 64.69% compared to ¥87,180,870.85 in the previous year[26] - Basic and diluted earnings per share for Q1 2023 were both ¥0.0508, down 57.13% from ¥0.1185 in the previous year[26] - Net profit attributable to shareholders of the parent company decreased by 57.12% compared to the same period last year, primarily due to a sluggish seed market and decreased sales[29] Cash Flow - The net cash flow from operating activities for Q1 2023 was -¥116,694,910.47, an improvement of 20.34% from -¥146,493,277.79 in the same period last year[26] - Cash flow from operating activities decreased by 29,798,367.32 yuan compared to the same period last year, primarily due to reduced cash payments for goods and services[30] - Cash flow from investing activities decreased by 84,405,442.28 yuan compared to the same period last year, mainly due to a decrease in net redemption and purchase of financial products[30] - Cash flow from financing activities increased by 16,426,699.85 yuan compared to the same period last year, primarily due to an increase in cash received from borrowings[30] - Net cash flow from operating activities was -$116,694,910.47, improving from -$146,493,277.79 year-over-year[37] - Net cash flow from investing activities was $79,129,273.84, down from $163,534,716.12 year-over-year[37] - Net cash flow from financing activities was $9,108,655.42, a significant improvement from -$7,318,044.43 year-over-year[38] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥4,485,727,487.96, a decrease of 3.07% from ¥4,627,682,170.43 at the end of the previous year[26] - Total assets decreased from 4,627,682,170.43 yuan at the beginning of the period to 4,485,727,487.96 yuan at the end of the period[33] - Total liabilities decreased to ¥848,501,926.87 from ¥1,040,804,330.96 year-over-year[45] - Total equity increased to ¥3,637,225,561.09 from ¥3,586,877,839.47 year-over-year[45] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Xinjiang Denghai Agricultural Technology Co., Ltd., with an investment of ¥30 million to expand its operations in agricultural technology[17] - Research and development expenses for Q1 2023 were ¥13,021,464.53, compared to ¥12,071,372.29 in the same period last year[21] Other Financial Metrics - The company reported a gross profit margin decrease due to higher operating costs, with total operating costs for Q1 2023 at ¥226,675,824.57, down from ¥250,215,057.71 in the previous year[21] - Accounts receivable increased by 89.89% compared to the beginning of the period, primarily due to increased credit support for reputable distributors within the rebate limits[29] - Other current assets grew by 36.33% compared to the beginning of the period, mainly due to estimated return costs not yet realized in the ongoing sales season[29] - Short-term borrowings increased by 377.50% compared to the beginning of the period, as subsidiaries increased bank loans for prepayment of production funds[29] - Other income increased by 180.92% compared to the same period last year, mainly due to an increase in government subsidies recognized[29] Audit and Compliance - The first quarter report is unaudited[50] - The company guarantees that the information disclosed is true, accurate, and complete without any false records or misleading statements[51] - There are no non-recurring profit and loss items applicable to the company[52] - The company does not classify any non-recurring profit and loss items as recurring[52]

Financial Performance - The company's total revenue for 2022 reached ¥1,325,793,968.31, representing a year-on-year increase of 20.45% compared to ¥1,100,726,996.19 in 2021[72]. - The net profit for 2022 was ¥18,702.93 million, a decrease of 21.29% year-on-year, primarily due to increased operating costs and provisions for long-term equity investment impairment[71]. - The net profit attributable to shareholders for 2022 was ¥253,220,120.69, an increase of 8.77% from ¥232,798,781.26 in 2021[79]. - The company's operating revenue for 2022 was ¥1,325,793,968.31, representing a 20.45% increase compared to ¥1,100,726,996.19 in 2021[79]. - The gross profit margin for the agricultural sector was 32.19%, showing a decrease of 4.75% from the previous year[99]. - The net cash flow from operating activities decreased by 89.37% to ¥38,868,296.53 in 2022 from ¥365,487,096.14 in 2021[137]. - The company's cash and cash equivalents increased by 124.93% to ¥76,227,231.51 in 2022 from ¥33,889,908.07 in 2021[137]. - The company's deferred income increased by 466.97%, primarily due to an increase in government subsidy funds received[123]. Sales and Market Dynamics - Corn seed sales accounted for ¥1,174,641,626.87, which is 88.60% of total revenue, showing a growth of 20.06% from ¥978,398,114.37 in the previous year[72]. - The company's northern region sales accounted for 84.38% of total revenue, with a year-on-year growth of 18.18%[72]. - The southern region sales increased by 34.34% year-on-year, contributing 15.62% to total revenue[72]. - The company reported that its revenue and profit are concentrated in the months of November to December and January to June of the following year[40]. - The company aims to improve market share by enhancing sales promotion efforts and developing flexible marketing strategies[168]. Research and Development - The company is focused on new variety research and development, which is costly and time-consuming, with uncertain market demand outcomes[39]. - The company is actively involved in the research and development of new seed varieties, leveraging modern breeding technologies like gene editing and artificial intelligence[62]. - The company successfully developed 18 new corn varieties, which were approved by the National Crop Variety Approval Committee[71]. - The company has applied for 274 variety rights and obtained 173, along with 36 authorized patents, including 18 invention patents[95]. - R&D investment amount decreased by 23.89% to ¥53,120,163.94 in 2022 from ¥69,796,980.00 in 2021[113]. - The company plans to increase R&D investment and enhance the commercialization breeding system for corn, focusing on innovative breeding technologies and new variety development[167]. Challenges and Risks - The company faces risks related to seasonal agricultural production and potential natural disasters affecting seed quality and yield[38]. - The company faces challenges such as price competition due to high inventory and the impact of climate anomalies on seed production, leading to increased costs[62]. - The company recognizes the need to address risks associated with new variety development and market adaptation, as many new varieties have not yet undergone extensive field testing[191]. - The company is facing risks related to seed production due to climate sensitivity and plans to accelerate the construction of self-production bases to mitigate these risks[173]. Organizational Structure and Governance - The company has 34 subsidiaries, including 4 wholly-owned, 20 controlled, and 6 branch companies, indicating a diversified organizational structure[173]. - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, enhancing operational standards[176]. - The company is committed to balancing the interests of stakeholders, including shareholders and employees, to promote sustainable development[177]. Investment and Assets - The total assets at the end of 2022 were ¥4,627,682,170.43, reflecting a 9.92% increase from ¥4,210,225,406.34 at the end of 2021[79]. - The net assets attributable to shareholders at the end of 2022 were ¥3,313,770,944.44, up 7.20% from ¥3,091,064,026.47 at the end of 2021[79]. - The total investment for the reporting period was CNY 16,411,000, a decrease of 32.73% compared to CNY 50,135,000 in the previous year[147]. - The company's financial assets decreased to CNY 1,766,893,072.10, with a significant reduction in trading financial assets from CNY 1,862,399,862.37 to CNY 1,763,014,059.00[144]. Production and Quality Control - The company continues to strengthen quality control in seed production and processing to ensure seed quality and reduce production costs[71]. - The company emphasizes the importance of ensuring seed quality and production safety while adapting to market feedback and adjusting production areas accordingly[168]. - The company has established stable seed production and processing bases in regions such as Xinjiang, Gansu, Ningxia, and Shandong[95]. Strategic Initiatives - The company is focusing on the development of high-quality, specialized, and disease-resistant seed varieties to meet market demands[62]. - The company aims to implement a new round of grain production capacity enhancement actions, focusing on corn and soybean breeding industrialization[172]. - The company is focusing on collaborative development among its subsidiaries to improve overall management efficiency[173]. - The company has completed the construction of a service center for its core seed production base, enhancing support for seed producers[152].

出席本次年度报告网上业绩说明会的人员：公司董事长王龙祥先 生、独立董事刘海英女士、财务负责人邓丽女士、副总经理董事会秘 书原绍刚先生。 证券简称：登海种业 证券代码：002041 公告编号：2023-001 山东登海种业股份有限公司 关于举行 2022 年度网上业绩说明会的公告 为方便广大股东和投资者特别是中小投资者进一步了解公司 2022年度生产经营、产品与市场及未来发展战略等情况，山东登海种 业股份有限公司（以下简称"公司"）将于2023年4月28日(星期五)15： 00-17：00在全景网举行2022年度网上业绩说明会，本次年度报告业 绩说明会将采用网络远程方式举行，投资者可登录全景网"投资者关 系互动平台"(https://rs.p5w.net)参与本次说明会。 本公司及董事会全体成员保证公告内容的真实、准确和完整,没有虚假记 载、误导性陈述或者重大遗漏。 欢迎广大投资者积极参与本次网上业绩说明会。 特此公告。 山东登海种业股份有限公司董事会 2023 年 4 月 22 日 2 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度网 上业绩说明会提前向投资者公开征集问题，广泛听取投资者的意见和 ...

Group 1: Event Details - The event is the "2022 Annual Investor Online Reception Day" organized by Shandong Securities Regulatory Bureau and Shandong Listed Companies Association [1] - The event will take place on November 16, 2022, from 14:00 to 16:00 [1] - The platform for the event is provided by Shenzhen Qianjing Network Co., Ltd., accessible via the "Investor Relations Interactive Platform" [1] Group 2: Company Participation - Shandong Denghai Seeds Co., Ltd. will participate in the event to enhance interaction with investors [1] - Company representatives, including Vice General Manager Yuan Shaogang and Financial Director Deng Li, will communicate with investors online [1] Group 3: Objectives - The event aims to strengthen communication with investors and improve the company's transparency and governance [1] - The company emphasizes the commitment to accurate and complete information disclosure, ensuring no misleading statements or omissions [1]

Revenue and Profit - Revenue for the third quarter reached ¥123,810,835.83, an increase of 26.46% year-over-year[6] - Net profit attributable to shareholders was ¥167,744.09, a decrease of 98.56% compared to the same period last year[6] - Net profit excluding non-recurring items was -¥14,598,953.03, down 213.34% year-over-year[6] - Total operating revenue for the current period reached ¥563,507,392.71, an increase of 10% compared to ¥512,232,920.06 in the previous period[27] - Net profit for the current period was ¥107,174,132.41, compared to ¥89,776,771.87 in the previous period, indicating a growth of about 19%[29] - The total profit for the current period was ¥110,402,993.50, compared to ¥90,482,875.19 in the previous period, marking an increase of around 22%[29] Assets and Liabilities - Total assets increased by 8.10% to ¥4,551,453,488.28 compared to the end of the previous year[6] - The company's current assets totaled CNY 3,811,362,654.71, up from CNY 3,468,988,467.87 at the start of the year, indicating a growth of approximately 9.85%[20]. - The total liabilities reached CNY 1,128,620,502.05, compared to CNY 859,633,081.36 previously, reflecting an increase of about 31.25%[23]. - The company's equity attributable to shareholders amounted to CNY 3,171,703,527.38, up from CNY 3,091,064,026.47, representing a growth of approximately 2.6%[26]. - The total liabilities to equity ratio improved to approximately 0.35, down from 0.26, indicating a stronger equity position relative to liabilities[23]. Cash Flow - Cash flow from operating activities decreased by 70.35% to ¥117,529,007.02 year-to-date[6] - The company reported a significant increase in cash flow from operating activities, totaling ¥117,529,007.02, compared to ¥396,430,357.93 in the previous period[33] - Investment activities generated a net cash flow of ¥268,061,334.91, a substantial increase from ¥82,933,069.03 in the previous period[33] - Cash inflow from financing activities totaled 10,430,000.00, down from 15,370,000.00 in the previous period, reflecting a decrease of approximately 32%[36] - Net cash flow from financing activities was -36,125,393.38, compared to -22,312,237.76 in the prior period, indicating a worsening of 62%[36] - Cash and cash equivalents at the end of the period amounted to 647,017,803.17, a decrease from 720,714,135.75, representing a decline of about 10%[36] Expenses - Total operating costs amounted to ¥505,321,848.16, up from ¥462,477,573.63, reflecting a rise of approximately 9%[27] - Research and development expenses decreased to ¥31,149,043.66 from ¥43,981,346.21, a reduction of approximately 29%[27] - Sales expenses were reduced to ¥39,653,684.33 from ¥48,056,653.72, reflecting a decrease of about 17%[27] Investments and Other Income - The company reported a significant increase in prepaid accounts, up 1233.55% due to expanded production area[10] - The company’s construction in progress increased by 61.68%, reflecting ongoing asset development[10] - Government subsidies recognized increased by 56.29% compared to the previous year, contributing to other income growth[10] - The company’s cash flow from investing activities increased by ¥185,128,265.88 year-over-year, indicating improved liquidity management[10] - The company recorded an increase in investment income to ¥33,648,784.62 from ¥30,206,540.05, representing an increase of approximately 8%[27] Inventory and Retained Earnings - The company's inventory decreased to CNY 449,830,221.85 from CNY 498,364,540.56, a decline of approximately 9.7%[20]. - The company's retained earnings increased to CNY 1,927,590,570.69 from CNY 1,846,951,069.78, reflecting a growth of approximately 4.4%[26]. Borrowings and Financing Activities - The short-term borrowings decreased to CNY 7,000,000.00 from CNY 9,000,000.00, a reduction of about 22.2%[23]. - The total cash inflow from loans received was 8,000,000.00, down from 12,000,000.00, representing a decrease of 33.33%[36] Miscellaneous - The company did not have an audited third-quarter report for 2022[37]