Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-on-year growth of 15%[25]. - The company's operating revenue for the reporting period was ¥439,696,556.88, representing a 6.12% increase compared to ¥414,329,284.09 in the same period last year[32]. - Net profit attributable to shareholders was ¥112,151,756.82, up 6.67% from ¥105,138,776.79 year-on-year[32]. - The company achieved a revenue of CNY 439.70 million in the reporting period, representing a year-on-year growth of 6.12%[52]. - The net profit attributable to shareholders was CNY 112.15 million, an increase of 6.67% compared to the previous year[52]. - The company reported a basic earnings per share of ¥0.1274, reflecting a 6.61% increase from ¥0.1195 in the same period last year[32]. - The company reported a decrease in contract liabilities to ¥197,392,516.33, which is 4.81% of total liabilities, down from 11.66% in the previous year[62]. - The net profit for the period was 126,179,611.18, down from 131,937,908.28, reflecting a decrease of about 4.4%[190]. Cost Management - The gross profit margin improved to 35%, up from 32% in the same period last year, indicating better cost management and pricing strategies[25]. - Total operating costs for the first half of 2022 amounted to CNY 361,330,522.47, compared to CNY 345,249,268.86 in the first half of 2021, indicating an increase of about 4.7%[181]. - The company's sales expenses decreased by 20.94% to CNY 24.85 million, while management expenses increased by 10.46% to CNY 49.43 million[55]. Research and Development - The company plans to invest 200 million RMB in R&D for new seed varieties and technologies, aiming to enhance its competitive edge in the market[25]. - The company applied for 25 plant variety rights in the first half of 2022, including 8 hybrid varieties and 17 inbred lines, with a total of 156 authorized plant variety rights as of the reporting period[48]. - The company obtained 4 authorized patents in the first half of 2022, all of which were invention patents, bringing the total to 20 effective patents, including 13 invention patents and 7 utility model patents[48]. - The company's R&D investment amounted to CNY 22.81 million, a decrease of 22.81% year-on-year[55]. - Research and development expenses amounted to 10,725,840.77, up from 7,499,372.23, representing a significant increase of approximately 42.9%[187]. Market Expansion - User data shows a 20% increase in the adoption of new seed products among farmers, reflecting growing market acceptance and demand[25]. - Market expansion efforts include entering two new provinces, which are expected to contribute an additional 100 million RMB in revenue by the end of the year[25]. - The company is positioned to benefit from new opportunities and challenges in the seed industry due to recent regulatory changes and increased market demand for high-quality agricultural products[41]. Cash Flow and Assets - The net cash flow from operating activities was -¥241,828,642.95, a significant decline of 727.06% compared to -¥29,239,559.74 in the same period last year[32]. - Total assets at the end of the reporting period were ¥4,107,695,826.77, down 2.44% from ¥4,210,225,406.34 at the end of the previous year[32]. - The company's cash and cash equivalents decreased by CNY 57.23 million, a decline of 124.11% year-on-year[55]. - The total cash outflow from operating activities increased significantly to 563,650,106.16 CNY in the first half of 2022, compared to 276,241,424.19 CNY in the first half of 2021, indicating a rise of about 104.0%[193]. Shareholder Information - The company does not plan to distribute cash dividends or issue new shares from capital reserves for the half-year period[96]. - The largest shareholder, Laizhou Agricultural Science Institute, holds 53.21% of the total ordinary shares, amounting to 468,223,255 shares[141]. - The second largest shareholder, Li Denghai, owns 7.33% of the shares, totaling 64,512,765 shares[141]. - The top ten shareholders include various investment funds, with the largest fund holding 9,243,635 shares, representing 1.05%[145]. Operational Challenges - The company is facing challenges from high inventory levels in the corn seed sector, which could impact pricing strategies and sales performance[25]. - The company has established a stable breeding base in Hainan and its headquarters, demonstrating strong R&D and innovation capabilities[44]. - The company operates a "company + farmer" production model, ensuring seed quality through contracts with entrusted seed producers[47]. Corporate Governance - The annual shareholders' meeting had a participation rate of 61.15%, reflecting shareholder engagement in corporate governance[93]. - The company has not engaged in any major related party transactions during the reporting period[113]. - The company has no significant environmental penalties or issues reported during the reporting period[101].

Financial Performance - The company's revenue for Q1 2022 was CNY 335,001,959.10, representing a 45.78% increase compared to CNY 229,792,821.09 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was CNY 104,279,159.28, a 76.89% increase from CNY 58,950,570.98 year-on-year[3] - The company reported a 76.87% increase in basic and diluted earnings per share, reaching CNY 0.1185 per share[3] - Total operating revenue for the current period reached ¥335,001,959.10, a significant increase from ¥229,792,821.09 in the previous period, representing a growth of approximately 46%[25] - Operating profit for the current period was ¥101,508,014.46, compared to ¥47,301,579.46 in the previous period, indicating a growth of approximately 114%[28] - The company reported a total profit for the current period of ¥101,572,070.56, compared to ¥47,477,954.68 in the previous period, indicating an increase of around 114%[28] - Net profit attributable to the parent company was ¥104,279,159.28, up from ¥58,950,570.98, reflecting an increase of around 77%[30] - Basic earnings per share rose to ¥0.1185 from ¥0.0670, representing an increase of approximately 77%[31] Cash Flow - The net cash flow from operating activities showed a significant decline, with a net outflow of CNY 146,493,277.79, compared to a net inflow of CNY 8,702,521.58 in the previous year, marking a decrease of 1,783.34%[3] - Cash inflow from operating activities totaled ¥167,083,683.92, compared to ¥125,638,272.08 in the previous period, an increase of about 33%[32] - The company reported a total cash outflow from operating activities of $313,576,961.71, significantly higher than $116,935,750.50 in the previous period[35] - The company’s cash flow from financing activities was negative, with a net cash flow of -$7,318,044.43 compared to -$792,950.00 previously[35] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 4,071,724,963.68, down 3.29% from CNY 4,210,225,406.34 at the end of the previous year[3] - The company's current assets totaled CNY 3,337,217,212.10, down from CNY 3,468,988,467.87 at the beginning of the year, indicating a decline of approximately 3.8%[18] - Total liabilities decreased to CNY 621,500,568.14 from CNY 859,633,081.36, a reduction of approximately 27.7%[21] - The company's equity attributable to shareholders increased to CNY 3,195,343,185.75 from CNY 3,091,064,026.47, reflecting a growth of about 3.4%[24] Accounts and Inventory - Accounts receivable increased by 223.03% compared to the beginning of the period, primarily due to increased credit support for reputable distributors[6] - Inventory decreased by 30.31% compared to the beginning of the period, attributed to increased sales volume[6] - Accounts receivable rose significantly to CNY 68,582,227.86 from CNY 21,230,701.83, marking an increase of approximately 223%[18] - Inventory decreased to CNY 347,308,069.32 from CNY 498,364,540.56, representing a decline of about 30.3%[18] Research and Development - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[20] - Research and development expenses were ¥12,071,372.29, a slight decrease from ¥12,348,567.28, reflecting a reduction of approximately 2%[25] Other Income - Non-operating income totaled CNY 17,098,288.43, with significant contributions from fair value changes and asset disposals[5] - The company’s investment income was ¥6,703,202.95, slightly down from ¥6,848,034.05 in the previous period, a decrease of about 2%[25] Audit Status - The company did not undergo an audit for the first quarter report, indicating it was unaudited[38]

Financial Performance - The company reported a profit distribution plan based on a base of 880,000,000 shares, proposing a cash dividend of 0.36 CNY per 10 shares (including tax) and no bonus shares[9]. - The company’s operating revenue for 2021 was ¥1,100,726,996.19, representing a 22.20% increase compared to ¥900,743,999.55 in 2020[30]. - The net profit attributable to shareholders in 2021 was ¥232,798,781.26, a significant increase of 128.33% from ¥101,955,515.05 in 2020[30]. - The net profit after deducting non-recurring gains and losses reached ¥183,647,129.50 in 2021, up 292.94% from ¥46,736,318.81 in 2020[30]. - The basic earnings per share for 2021 was ¥0.2645, an increase of 128.21% compared to ¥0.1159 in 2020[30]. - The total assets at the end of 2021 were ¥4,210,225,406.34, reflecting an 11.96% increase from ¥3,760,508,569.11 at the end of 2020[30]. - The net assets attributable to shareholders at the end of 2021 were ¥3,091,064,026.47, a 6.99% increase from ¥2,889,065,245.21 at the end of 2020[30]. - The company reported a net cash flow from operating activities of ¥365,487,096.14 in 2021, a slight decrease of 1.07% from ¥369,441,568.42 in 2020[30]. - The company recorded a total of ¥52,520,271.08 in fair value changes from trading financial assets in 2021, compared to ¥50,025,331.37 in 2020[36]. - The company achieved operating revenue of 1,100.727 million yuan, representing a year-on-year increase of 22.20%[54]. - Net profit attributable to shareholders reached 232.799 million yuan, a significant year-on-year growth of 128.33%[54]. - The company’s inventory increased by 13.34% year-on-year, reaching ¥512,967,396.11[62]. - The company’s short-term borrowings increased by 80.00% due to loans taken for seed purchases[62]. - The company’s contract liabilities grew by 52.97%, reflecting an increase in advance sales payments received[62]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% year-over-year growth[138]. - The total revenue for Shandong Denghai Seed Industry Co., Ltd. in 2021 was reported at 1,200 million yuan, representing a year-on-year increase of 15%[141]. Research and Development - The company emphasizes the importance of new variety research and promotion, which is costly and time-consuming, with uncertain market demand for new varieties[6]. - The company has established six national-level and three provincial-level R&D platforms, enhancing its technological development capabilities[53]. - The company has applied for 219 variety rights, of which 170 have been granted, along with 16 authorized patents, including 9 invention patents[53]. - The company completed over 90% of its project goals for new corn varieties suitable for full mechanization by the end of 2022[74]. - Research and development expenses increased by 10% in 2021, totaling 100 million yuan, focusing on biotechnology advancements[141]. - The company plans to increase R&D investment to improve technological innovation and develop competitive new varieties[110]. - The company is actively pursuing partnerships with agricultural technology firms to integrate new technologies into its product lines[141]. Market and Industry Trends - The seed industry is characterized by seasonality, with revenue and profit concentrated in November-December and January-June of the following year[9]. - The overall inventory in the corn seed industry remains high, posing market risks due to counterfeit and illegal seed operations[9]. - The company has seen a shift in the agricultural focus from yield increase to quality improvement, promoting green and high-quality agricultural development[43]. - The company is positioned within a rapidly evolving industry, with increasing market concentration due to mergers and strategic partnerships among leading firms[43]. - The company has improved its marketing model to provide comprehensive services to new customer groups such as large-scale farmers and agricultural cooperatives[54]. - The company’s corn seed sales strategy has been adjusted to adapt to the changing market dynamics, focusing on quality and customer service[54]. - The company is expanding its market presence, targeting new regions in Southeast Asia, with plans to establish distribution channels by Q3 2022[138]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in international sales by 2023[141]. Risk Factors - The company faces risks from natural disasters affecting seed production, which can impact yield and quality[6]. - The company operates under a supportive national agricultural policy, but any adjustments in policy could impact its operations[5]. - The company faces risks related to new variety promotion, corn industry policy adjustments, seed production, and management[113][114][115]. - The company emphasizes the importance of ensuring seed quality and production safety amid climate challenges[111][114]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5]. - The company maintains independence from its controlling shareholder in terms of personnel, assets, finance, organization, and business operations[123]. - The board of directors consists of four independent directors, accounting for over one-third of the board members[124]. - The company has established independent financial accounting and management systems, ensuring financial independence[125]. - The company is committed to respecting and protecting the legitimate rights and interests of stakeholders, promoting balanced interests among all parties[124]. - The company has a fully independent organizational structure separate from the controlling shareholder[125]. - The company has a designated board secretary responsible for information disclosure and investor relations[124]. - The company has not faced any dissenting opinions from directors regarding significant company matters[152]. - The company is committed to maintaining the legal rights of minority shareholders[155]. Employee and Internal Control - The company has a total of 716 employees at the end of the reporting period, with 266 in the parent company and 450 in major subsidiaries[163]. - The company employs a salary policy that balances efficiency and fairness, primarily based on job value and performance[166]. - The company has a training plan that includes new employee onboarding, internal training, and external training to enhance employee skills[167]. - The company has established a comprehensive internal control system covering all business activities, with a focus on enhancing internal audit supervision[175]. - The internal control audit report indicated that there were no significant defects in financial reporting or non-financial reporting[182]. - The company has identified the need for ongoing training for directors and senior management to enhance compliance with securities market regulations[183]. - The internal control self-assessment report was disclosed on April 19, 2022, and is available on the official website[178]. Future Outlook - The company has set a future outlook with a revenue target of 1.8 billion RMB for the next fiscal year, indicating a projected growth of 20%[138]. - The company plans to enhance its digital marketing strategy, allocating 10% of its annual budget to online advertising and customer engagement initiatives[138]. - The board of directors highlighted the importance of innovation, with a goal to increase R&D spending to 5% of total revenue in the upcoming fiscal year[138].

证券代码：002041 证券简称：登海种业 公告编号：2021-027 山东登海种业股份有限公司 关于参加山东辖区上市公司 2021 年度投资者 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的内容真实、准确、完整， 没有虚假记载、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，增强与广大投资者的联系， 切实提高上市公司透明度、规范运作和治理水平，山东登海种业股份 有限公司（以下简称"公司"）将参加由山东证监局、山东上市公司 协会联合举办的"山东辖区上市公司 2021 年度投资者网上集体接待 日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将在深圳市全景网络有限公司 提供的网上平台采取网络远程的方式举行,投资者可以登录"全 景·路演天下"（http://rs.p5w.net）参与本次活动，活动时间为 2021 年 11 月 16 日（星期二）下午 14:00-16:00。 届时公司副总经理、董事会秘书原绍刚先生，证券事务代表鞠浩 艳女士将通过网络在线形式与投资者进行沟通交流，欢迎广大投资者 积极参与。 特此公告。 山东登海种业股份有限公司董事会 2021 年 11 月 1 ...

Revenue and Profit - Revenue for Q3 2021 reached ¥97,903,635.97, an increase of 9.18% year-over-year, while total revenue for the year-to-date was ¥512,232,920.06, up 19.63% compared to the same period last year [3] - Net profit attributable to shareholders for Q3 2021 was ¥11,631,832.24, a significant increase of 983.11% year-over-year, with a year-to-date net profit of ¥116,770,609.03, reflecting a growth of 100.02% [3] - The basic earnings per share for Q3 2021 was ¥0.0132, marking an increase of 983.11% compared to the same quarter last year [3] - The net profit attributable to the parent company was 116,770,609.03, compared to 58,379,536.69 in the previous period, representing a significant increase [32] - The total profit amounted to 90,482,875.19, compared to 12,188,802.06 in the previous period, showing a substantial increase [29] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥4,173,854,079.99, representing a 10.99% increase from the end of the previous year [5] - As of September 30, 2021, total assets amounted to CNY 4,173,854,079.99, compared to CNY 3,760,508,569.11 at the end of 2020, indicating an increase of about 11% [24] - The total liabilities as of September 30, 2021, were CNY 980,120,890.47, compared to CNY 625,460,555.36 at the end of 2020, representing an increase of approximately 56.7% [24] - The total liabilities were $625,460,555.36, consistent with the previous reporting period [46] Cash Flow - Cash flow from operating activities for the year-to-date was ¥396,430,357.93, an increase of 20.04% compared to the same period last year [3] - The cash inflow from operating activities totaled 873,418,500.71, compared to 681,629,904.10 in the previous period, reflecting a growth of approximately 28.2% [36] - The net cash flow from operating activities was 396,430,357.93, an increase from 330,261,017.92 in the previous period, showing a rise of about 20% [36] - The cash inflow from investment activities was 4,239,732,250.69, down from 5,037,993,326.84 in the previous period, indicating a decrease of approximately 15.8% [36] - The net cash flow from investing activities decreased to $82,933,069.03 from $373,408,684.30, representing a decline of approximately 77.8% [39] - The total cash inflow from financing activities was $15,370,000.00, compared to $3,620,000.00 in the previous period, indicating an increase of 324.5% [39] - The net cash flow from financing activities was -$22,312,237.76, an improvement from -$58,312,385.48, showing a reduction in cash outflow by approximately 61.8% [39] - The ending balance of cash and cash equivalents was $720,714,135.75, down from $850,014,530.45, a decrease of about 15.3% [39] Equity and Retained Earnings - The company’s total equity attributable to shareholders was ¥2,975,035,854.24, reflecting a 2.98% increase from the end of the previous year [5] - The company’s retained earnings reached CNY 1,754,685,708.51, up from CNY 1,668,715,099.48 at the end of 2020, indicating a growth of about 5.1% [24] - The total equity attributable to shareholders was $2,889,065,245.21, unchanged from the prior period [49] Operating Costs and Expenses - Total operating costs for the third quarter of 2021 were CNY 462,477,573.63, slightly up from CNY 457,259,134.54 in the previous year [26] - The total operating expenses included sales expenses of 48,056,653.72, up from 46,072,401.59, reflecting an increase of about 4.3% [29] - Research and development expenses were 43,981,346.21, down from 49,657,175.07, indicating a decrease of approximately 11.5% [29] Inventory and Accounts Payable - The company reported a significant increase in accounts payable, which rose to CNY 56,410,863.02 from CNY 24,945,789.91 in the previous year [20] - The company’s inventory decreased to CNY 299,959,142.75 from CNY 407,746,631.30, reflecting a reduction of approximately 26.5% [18] - The company reported inventory of $407,746,631.30, which remained stable compared to the previous period [43] Other Financial Information - The company established a wholly-owned subsidiary, Ningxia Denghai Seed Industry Co., Ltd., in June 2021 to expand its operations [17] - The company’s financial expenses decreased by 78.75% year-over-year, primarily due to increased interest income from time deposits [9] - The company has not conducted an audit for the third quarter report [49] - The company has implemented new leasing standards starting from 2021, affecting the financial statements [40]

Financial Performance - The company reported a revenue of 1.2 billion CNY for the first half of 2021, representing a year-on-year increase of 15%[24]. - Revenue for the reporting period reached ¥414,329,284.09, an increase of 22.40% compared to ¥338,498,019.91 in the same period last year[31]. - The company anticipates a revenue growth of 10-15% for the full year 2021, driven by increased demand for its products[24]. - The company achieved a revenue of CNY 414.33 million in the first half of 2021, representing a year-on-year growth of 22.40%[52]. - The mother company reported a revenue of CNY 266.16 million, up by 21.94% year-on-year, with a net profit of CNY 131.94 million, reflecting a growth of 56.47%[52]. - Total operating revenue for the first half of 2021 was CNY 414,329,284.09, an increase of 22.4% compared to CNY 338,498,019.91 in the first half of 2020[180]. Profitability - Net profit attributable to shareholders was ¥105,138,776.79, representing an 83.47% increase from ¥57,305,605.95 year-on-year[31]. - Net profit attributable to shareholders reached CNY 105.14 million, marking an impressive increase of 83.47% compared to the previous year[52]. - The basic and diluted earnings per share were both ¥0.1195, an increase of 83.56% compared to ¥0.0651 in the same period last year[31]. - Operating profit for the first half of 2021 reached CNY 88,207,254.98, significantly up from CNY 27,139,653.81 in the same period last year, marking a growth of 225.5%[183]. - The net profit attributable to the parent company for the first half of 2021 was CNY 105,138,776.79, compared to CNY 57,305,605.95 in the first half of 2020, reflecting an increase of 83.5%[183]. Research and Development - The company plans to invest 200 million CNY in R&D for new seed varieties and technologies in 2021[24]. - The company’s R&D investment reached CNY 29.55 million, a decrease of 9.41% compared to the previous year[55]. - The company has established partnerships with two agricultural research institutions to enhance its breeding technology[24]. - The company has obtained a total of 147 authorized plant variety rights, with 129 still valid as of June 30, 2021[49]. - The company holds 16 patents, including 9 invention patents and 7 utility model patents, with a new invention patent for a corn seeder awarded in May 2021[48]. Assets and Liabilities - The total assets of the company reached 3.5 billion CNY, an increase of 10% compared to the end of 2020[24]. - Total assets at the end of the reporting period were ¥3,680,968,183.77, a decrease of 2.12% from ¥3,760,508,569.11 at the end of the previous year[31]. - The company's total liabilities decreased from ¥625,460,555.36 to ¥489,346,000.73, a decline of around 21.78%[167]. - Cash and cash equivalents increased by 77.20% from the beginning of the period, primarily due to the conversion of maturing financial products into fixed deposits[62]. - The total investment during the reporting period was ¥7,941,308.46, representing a 218.14% increase compared to ¥2,496,194.61 in the same period last year[73]. Market Strategy - The company aims to expand its market presence in Southeast Asia, targeting a 20% increase in export sales by the end of 2022[24]. - The company is actively adapting its marketing model to cater to new customer groups such as large-scale farmers and agricultural cooperatives[48]. - The company is focusing on developing competitive corn varieties in key production areas to strengthen its market position[88]. - The company has established stable seed production and processing bases in Xinjiang, Gansu, Ningxia, and Shandong, with 8 modern seed processing systems[51]. Challenges and Risks - The company is facing risks related to natural disasters and market competition, which could impact production and sales[6]. - The company has faced challenges from high competition and product homogeneity in the seed market, impacting profit growth[48]. - The company plans to enhance marketing services and improve seed quality management to mitigate risks associated with new variety promotions[84]. Cash Flow - The company reported a net cash flow from operating activities of -¥29,239,559.74, a decline of 115.99% compared to -¥13,537,732.20 in the same period last year[31]. - Cash inflow from operating activities was ¥247,001,864.45, compared to ¥218,232,003.41 in the previous year, indicating an increase of about 13.2%[199]. - Cash outflow from operating activities totaled ¥276,241,424.19, up from ¥231,769,735.61, resulting in a net cash flow from operating activities of -¥29,239,559.74, worsening from -¥13,537,732.20[199]. Corporate Governance - The company has not engaged in any significant asset or equity sales during the reporting period[79][80]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[95]. - The company has not engaged in any major related party transactions during the reporting period[110]. - The company has not incurred any non-operating fund occupation by controlling shareholders or related parties[103].

Financial Performance - The company's operating revenue for Q1 2021 was ¥229,792,821.09, representing a 40.17% increase compared to ¥163,938,182.09 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 was ¥58,950,570.98, a significant increase of 75.46% from ¥33,597,207.52 in the previous year[9] - The net profit after deducting non-recurring gains and losses reached ¥45,874,604.39, marking a 125.05% increase from ¥20,384,122.71 year-on-year[9] - Basic earnings per share for Q1 2021 were ¥0.0670, up 75.39% from ¥0.0382 in the previous year[9] - Operating revenue and operating costs increased by 40.17% and 43.34% year-on-year, respectively, driven by higher sales volume[22] - Net profit attributable to shareholders of the parent company increased by 75.46% year-on-year, reflecting improved profitability[22] - Total operating income for the current period reached ¥156,312,423.16, an increase from ¥116,227,494.39 in the previous period, representing a growth of approximately 34.5%[65] - Net profit attributable to shareholders of the parent company was ¥58,950,570.98, compared to ¥33,597,207.52 in the previous period, reflecting a growth of about 75.5%[61] - Operating profit for the current period was ¥47,301,579.46, significantly higher than ¥20,145,688.96 in the previous period, indicating an increase of approximately 134%[61] - The report was presented on April 28, 2021[86] Cash Flow - The net cash flow from operating activities was ¥8,702,521.58, a recovery from a negative cash flow of -¥9,315,779.79 in the same period last year[9] - Cash inflow from operating activities reached ¥125,638,272.08, up from ¥100,802,139.46 in the prior period, indicating a growth of approximately 24.7%[72] - Net cash flow from operating activities was ¥8,702,521.58, a turnaround from a negative cash flow of -¥9,315,779.79 in the previous period[75] - Cash outflow from investing activities totaled ¥1,692,691,152.45, compared to ¥1,318,555,493.18 in the prior period, representing an increase of about 28.3%[75] - Net cash flow from investing activities was -¥71,864,431.05, a decline from a positive cash flow of ¥315,227,697.24 in the previous period[75] - The company reported a net cash flow from financing activities of -¥792,950.00, worsening from -¥102,266.46 in the previous period[78] - The company’s net increase in cash and cash equivalents was -¥35,748,051.57, compared to an increase of ¥309,675,543.53 in the previous period[82] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,704,402,676.68, a decrease of 1.49% from ¥3,760,508,569.11 at the end of the previous year[9] - The total liabilities decreased to CNY 256,538,782.20 from CNY 348,001,112.89, reflecting a reduction in financial obligations[54] - The total equity attributable to shareholders increased to CNY 2,863,797,211.87 from CNY 2,780,345,986.44, showing growth in shareholder value[54] - Cash and cash equivalents increased by 30.26% compared to the beginning of the period, mainly due to the conversion of some redeemed financial products into time deposits[22] - The company's inventory decreased to CNY 133,360,185.52 from CNY 207,693,755.23, suggesting better inventory management[48] - The deferred income decreased to CNY 11,554,648.71 from CNY 13,090,251.49, reflecting changes in revenue recognition[54] Shareholder Information - The top shareholder, Laizhou Agricultural Science Institute, holds 53.21% of the shares, while the second-largest shareholder, Li Denghai, holds 7.33%[14] - Net assets attributable to shareholders increased to ¥2,948,015,816.19, reflecting a growth of 2.04% from ¥2,889,065,245.21 at the end of the previous year[9] Other Financial Metrics - The weighted average return on equity for Q1 2021 was 2.02%, an increase of 0.84% compared to 1.18% in the same period last year[9] - Research and development expenses amounted to ¥12,348,567.28, down from ¥14,721,765.97 in the previous period, showing a decrease of about 16.1%[58] - Financial expenses showed a significant improvement, with a net income of -¥6,096,413.44 compared to -¥1,212,489.42 in the previous period, indicating a reduction in costs[58] - Investment income for the current period was ¥6,848,034.05, a decrease from ¥22,863,538.53 in the previous period, reflecting a decline of approximately 70%[58] - Total comprehensive income amounted to ¥83,451,225.43, compared to ¥47,315,198.65 in the previous period, reflecting a significant increase[71] Company Strategy and Governance - The company continues to focus on expanding its market presence and enhancing product offerings, although specific new products or technologies were not detailed in the report[50] - The chairman of the company is Wang Longxiang[86] - The company is subject to the new leasing standards effective from 2021[86] - There is a retrospective adjustment for prior comparative data due to the new leasing standards[85] - The first quarter report has not been audited[85] - The company has not provided specific financial performance metrics in this document[85] - No information on user data or future outlook is available in the provided content[85] - There are no details regarding new product development or market expansion strategies in the content[85] - The document does not mention any mergers or acquisitions[85] - No additional strategic initiatives are outlined in the provided information[85]

Financial Performance - The company reported a total revenue of 880 million RMB for the year 2020, with a year-on-year growth of 10%[10]. - The company's operating revenue for 2020 was ¥900,743,999.55, representing a year-over-year increase of 9.42% compared to ¥823,176,983.54 in 2019[29]. - The net profit attributable to shareholders for 2020 was ¥101,955,515.05, a significant increase of 145.18% from ¥41,583,136.60 in 2019[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥46,736,318.81, up 277.66% from -¥26,306,664.98 in 2019[29]. - The net cash flow from operating activities for 2020 was ¥369,441,568.42, an increase of 79.03% compared to ¥206,352,920.53 in 2019[29]. - The basic earnings per share for 2020 was ¥0.1159, reflecting a 145.03% increase from ¥0.0473 in 2019[29]. - The total assets at the end of 2020 were ¥3,760,508,569.11, a 1.96% increase from ¥3,688,154,677.31 at the end of 2019[29]. - The net assets attributable to shareholders at the end of 2020 were ¥2,889,065,245.21, up 1.73% from ¥2,839,909,730.16 at the end of 2019[29]. - The company achieved operating revenue of 900.744 million yuan, a year-on-year increase of 9.42%[48]. - The company reported a significant increase in sales volume for corn seeds, reaching ¥553.04 million, which is a 16.18% increase from ¥476.03 million in 2019[69]. - The gross profit margin for the agriculture sector was 28.95%, down 3.72% from the previous year[68]. - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year increase of 15%[194]. - The gross profit margin improved to 35%, up from 32% in the previous year, indicating better cost management and pricing strategies[194]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a 20% year-over-year growth[199]. Research and Development - The company emphasizes the importance of new variety research and development, which is costly and time-consuming, with uncertain market acceptance[10]. - The company has established a stable development model in crop breeding, focusing on hybrid corn varieties, which are the main source of profit[41]. - The company owns national-level research platforms and has over 3,000 acres of breeding test fields, indicating strong R&D capabilities[41]. - The company applied for 35 new plant variety rights in 2020, with a total of 147 authorized plant variety rights as of December 31, 2020[63]. - The company has a total of 15 patents, including 8 invention patents and 7 utility model patents, with 5 patents authorized in 2020[63]. - The company is actively involved in research and development, with a focus on breeding innovation and improving seed quality[48]. - The company plans to increase R&D investment to enhance technological innovation and develop competitive new corn varieties[108]. - The company has invested 50 million RMB in R&D for new agricultural technologies, aiming to improve crop yields by 20%[198]. - The company is investing in new technology development, allocating 100 million RMB for R&D initiatives[199]. Market Strategy and Expansion - The company has a strong focus on expanding its market presence and enhancing its product offerings through innovation[10]. - The company is focusing on providing comprehensive services to new customer groups such as large-scale farmers and agricultural cooperatives[48]. - The company is adapting its marketing strategy to address the increasing competition and market challenges in the corn seed sector[48]. - Market expansion efforts are focused on increasing distribution channels in southern China, targeting a 15% increase in sales in that region[194]. - The company plans to launch three new corn seed varieties in 2021, aiming for a 10% market share increase in the premium segment[198]. - Future outlook includes a projected revenue growth of 12% for 2021, driven by new product launches and market expansion efforts[194]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB for potential deals[199]. - A new marketing strategy is being implemented, aiming to increase brand awareness by 30% in the next six months[200]. Risk Management - The company faces risks related to natural disasters that could significantly impact seed production, affecting both yield and quality[7]. - The seed industry is experiencing high inventory levels, which poses a market risk for the company[10]. - The company recognizes the risk of new variety market promotion and plans to provide technical guidance and follow-up services to mitigate this risk[111]. - The company is aware of potential risks from policy adjustments in the corn industry and will strengthen its competitive varieties in key production areas[112]. - The company faces production risks due to climate sensitivity and plans to enhance production management and technology to minimize these risks[115]. Corporate Governance - The board of directors ensures the accuracy and completeness of the financial report, taking legal responsibility for any misrepresentation[5]. - The company has implemented a comprehensive profit distribution policy in compliance with regulations, ensuring the protection of minority shareholders' rights[120]. - The company has not engaged in any major asset or equity sales during the reporting period[101]. - The company has not faced any delisting situations following the annual report disclosure[134]. - The company has not experienced any major litigation or arbitration matters during the reporting period[135]. - There were no significant penalties or rectification situations during the reporting period[136]. - The company did not implement any equity incentive plans or employee stock ownership plans during the reporting period[137]. - The company has not engaged in any related party transactions during the reporting period[140]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 80,387, a decrease from 88,614 at the end of the previous month[170]. - The largest shareholder, Laizhou Agricultural Academy, holds 53.21% of the shares, totaling 468,223,255 shares[171]. - Li Denghai, a natural person, holds 7.33% of the shares, amounting to 64,512,765 shares[171]. - Central Huijin Asset Management holds 2.02% of the shares, which is 17,795,900 shares[171]. - The top 10 shareholders include various funds, with the largest being Laizhou Agricultural Academy, followed by Li Denghai and Central Huijin Asset Management[177]. - The company did not experience any changes in its controlling shareholder during the reporting period[181]. - The actual controller, Li Denghai, is recognized as a leading figure in hybrid corn breeding and has held multiple significant positions in agricultural committees[184]. - There were no changes in the actual controller during the reporting period[185]. Dividend Policy - The profit distribution plan approved by the board is to distribute a cash dividend of 0.35 RMB per 10 shares, based on a total of 880 million shares[10]. - The cash dividend policy for 2020 proposes a distribution of CNY 0.35 per share (tax included), totaling CNY 30,800,000, which represents 30.21% of the net profit attributable to ordinary shareholders[121]. - In 2019, the cash dividend was CNY 0.60 per share (tax included), totaling CNY 52,800,000, which was 126.97% of the net profit attributable to ordinary shareholders[121]. - The company’s total distributable profit for 2020 is CNY 1,558,829,043.43, with the cash dividend accounting for 100% of the total profit distribution[125].

Financial Performance - The company's operating revenue for 2020 was ¥900,743,999.55, representing a 9.42% increase from ¥823,176,983.54 in 2019[29]. - Net profit attributable to shareholders for 2020 was ¥101,955,515.05, a significant increase of 145.18% compared to ¥41,583,136.60 in 2019[29]. - The net profit after deducting non-recurring gains and losses was ¥46,736,318.81, up 277.66% from -¥26,306,664.98 in 2019[29]. - The net cash flow from operating activities reached ¥369,441,568.42, a 79.03% increase from ¥206,352,920.53 in 2019[29]. - Basic and diluted earnings per share for 2020 were both ¥0.1159, reflecting a 145.03% increase from ¥0.0473 in 2019[29]. - Total assets at the end of 2020 were ¥3,760,508,569.11, a 1.96% increase from ¥3,688,154,677.31 at the end of 2019[29]. - Net assets attributable to shareholders at the end of 2020 were ¥2,889,065,245.21, up 1.73% from ¥2,839,909,730.16 at the end of 2019[29]. - The company achieved operating revenue of 900.744 million yuan, a year-on-year increase of 9.42%[48]. - Net profit attributable to shareholders reached 101.956 million yuan, reflecting a significant year-on-year growth of 145.18%[48]. - The company reported total assets of approximately CNY 313.44 million and net assets of CNY 174.91 million for its subsidiary, Denghai Pioneer[104]. Dividend Distribution - The company reported a profit distribution plan based on a base of 880,000,000, proposing a cash dividend of 0.35 yuan per 10 shares (including tax) and no bonus shares[10]. - The cash dividend distribution plan for 2020 proposes a cash dividend of 0.35 yuan per 10 shares, totaling 30,800,000.00 yuan, which represents 30.21% of the net profit attributable to ordinary shareholders[121]. - In 2019, the cash dividend was 0.60 yuan per 10 shares, totaling 52,800,000.00 yuan, which was 126.97% of the net profit attributable to ordinary shareholders[121]. - The company’s total distributable profit for 2020 was 1,558,829,043.43 yuan, with the cash dividend accounting for 100% of the total profit distribution[125]. Research and Development - The company emphasizes the importance of new variety research and development, which is costly and time-consuming, with uncertain market acceptance[10]. - The company has increased its investment in the Qingdao Biotechnology R&D Center, resulting in a 26.59% increase in construction in progress compared to the beginning of the period[49]. - The company applied for 35 new plant variety rights in 2020, with a total of 147 authorized plant variety rights as of December 31, 2020[63]. - The company has a total of 15 patents, including 8 invention patents and 7 utility model patents, with 5 patents authorized in 2020[63]. - The number of R&D personnel increased to 170 in 2020, up 38.21% from 123 in 2019[82]. - R&D investment amounted to ¥73,359,013.13 in 2020, a decrease of 10.01% from ¥81,523,023.84 in 2019[82]. - The proportion of R&D investment to operating revenue was 8.14% in 2020, down from 9.90% in 2019, a decrease of 1.76%[82]. - The company plans to increase R&D investment to enhance technological innovation and develop competitive new varieties of corn seeds[108]. - The company is investing 50 million RMB in R&D for new agricultural technologies over the next two years[198]. - The company plans to invest 100 million RMB in research and development for new agricultural technologies[199]. Market Position and Strategy - The company is positioned as a leading player in the seed industry, ranking first in the national corn seed sales revenue in 2018 and second in 2019[48]. - The company is focusing on improving its marketing model to adapt to the rising trend of large-scale farming and agricultural cooperatives[48]. - The company is actively involved in the development of new corn varieties, with five of its varieties selected among the top 20 in the country[48]. - The company has established a stable development model in crop breeding, focusing on hybrid corn varieties as its main product line[41]. - The company operates a "company + farmer" production model, ensuring quality control through direct supervision and management of seed production[42]. - The company has developed 30 new corn varieties, which have been approved by national standards[60]. - The company plans to launch three new corn seed varieties in 2021, aiming for a 10% market share increase in the premium segment[198]. - Future guidance estimates a revenue growth of 12% to 15% for 2021, driven by new product launches and market expansion efforts[194]. - Market expansion plans include entering two new provinces in China, targeting a 5% increase in market penetration[194]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in sales in that region[200]. Risks and Challenges - The company faces risks from natural disasters affecting seed production, which can impact yield and quality[7]. - The overall inventory in the corn seed industry remains high, posing market risks due to counterfeit and illegal seed operations[10]. - The company is aware of potential risks from policy adjustments in the corn industry and will cultivate competitive corn varieties in key production areas[112]. - The company faces production risks due to climate sensitivity and plans to enhance production management and technology[115]. - The company is facing challenges from market competition due to high levels of product homogeneity and low-price competition in the corn seed market[48]. Corporate Governance and Compliance - The company’s financial statements are audited by Zhongtianyun Accounting Firm, ensuring compliance and accuracy in reporting[28]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[126]. - The company has not engaged in any major asset or equity sales during the reporting period[101]. - The company has not faced any delisting situations after the annual report disclosure[134]. - The company has not experienced any major litigation or arbitration matters during the reporting period[135]. - There were no significant penalties or rectification situations during the reporting period[136]. - The company did not implement any equity incentive plans or employee stock ownership plans during the reporting period[137]. - The company has not engaged in any related party transactions during the reporting period[140]. - The company has not entered into any major contracts or agreements during the reporting period[153]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 80,387, a decrease from 88,614 at the end of the previous month[170]. - The largest shareholder, Laizhou Agricultural Academy, holds 53.21% of the shares, totaling 468,223,255 shares[171]. - Li Denghai, a natural person, holds 7.33% of the shares, amounting to 64,512,765 shares[171]. - Central Huijin Asset Management holds 2.02% of the shares, which is 17,795,900 shares[171]. - The top 10 shareholders include various funds, with the largest being Laizhou Agricultural Academy, followed by Li Denghai and Central Huijin Asset Management[177]. - The company did not experience any changes in its controlling shareholder during the reporting period[181]. - The actual controller, Li Denghai, is recognized as a leading figure in hybrid corn breeding and has held various significant positions in agricultural committees[184]. - There were no changes in the actual controller during the reporting period[185]. - The company does not have any preferred shares outstanding during the reporting period[188]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[177].

Financial Performance - Operating income for the period reached CNY 89,667,775.41, representing a 48.74% increase year-on-year[9] - Net profit attributable to shareholders surged by 105.63% to CNY 1,073,930.74 for the quarter[9] - Basic earnings per share rose by 105.53% to CNY 0.0012[9] - The estimated cumulative net profit for the year is projected to be 70 million yuan, representing a growth of 68.34% compared to the previous year[31] - Basic earnings per share are expected to be 0.0795 yuan, an increase of 68.08% compared to the previous year[31] - Operating profit, net profit, and net profit attributable to shareholders of the parent company increased by 119.69%, 119.03%, and 384.89% respectively compared to the same period last year, driven by profit growth from the parent company and reduced expenses from subsidiaries[22] - The company reported a net profit of CNY 1,641,081,598.63, slightly up from CNY 1,635,502,061.94, reflecting a marginal increase[48] - The net profit for the current period was reported at -¥14,406,585.74, compared to -¥57,654,933.31 in the previous period, showing an improvement of approximately 75%[60] - Net profit for the current period was ¥11,763,709.85, a significant recovery from a net loss of ¥64,615,577.76 in the previous period[76] - The comprehensive income attributable to the parent company's owners totaled ¥12,039,659.95, contrasting with a loss of ¥76,655,237.71 in the previous period[81] Assets and Liabilities - Total assets increased by 5.88% to CNY 3,905,034,768.88 compared to the end of the previous year[9] - The company's total equity attributable to shareholders increased by 0.20% to CNY 2,845,489,266.85[9] - Total liabilities increased to CNY 806,754,397.52 from CNY 544,893,893.54, indicating a growth of around 47.9%[45] - Current liabilities rose significantly to CNY 792,940,584.01, compared to CNY 509,484,213.60, marking an increase of approximately 55.5%[45] - Owner's equity totaled CNY 3,098,280,371.36, down from CNY 3,143,260,783.77, showing a decrease of about 1.4%[48] - Non-current assets totaled CNY 764,985,247.08, a decrease from CNY 810,521,946.44, reflecting a decline of about 5.6%[48] - The total assets reached ¥3,181,106,857.00, up from ¥2,977,492,068.58, indicating an increase of approximately 6.8%[54] - Total equity rose to ¥2,726,893,518.26 from ¥2,673,721,211.33, marking an increase of approximately 2%[54] Cash Flow - The net cash flow from operating activities increased by 36.10% to CNY 343,798,750.12[9] - Cash and cash equivalents increased by 315.34% compared to the beginning of the period, primarily due to sales advance payments received and the conversion of some redeemed financial products into time deposits[22] - Net cash inflow from operating activities increased by 127,943,626.71 yuan compared to the same period last year, attributed to higher cash received from sales of goods and services[22] - Investment activities generated a net cash flow of ¥373,408,684.30, a substantial increase from ¥96,325,704.17 in the previous period[92] - The net cash flow from investment activities was $317,174,925.05, a turnaround from a negative cash flow of -$68,763,669.91 in the previous period[101] - The net increase in cash and cash equivalents for the current period was $552,116,637.66, compared to $160,535,324.41 in the previous period, showing a substantial increase of about 243.5%[103] - Total cash inflow from operating activities was ¥681,629,904.10, compared to ¥582,016,828.87 in the previous period[89] - Cash and cash equivalents at the end of the period totaled ¥850,014,530.45, compared to ¥426,426,316.61 at the end of the previous period, reflecting a net increase of 99.0%[96] Shareholder Information - The number of shareholders at the end of the reporting period was 76,899[13] - The largest shareholder, Laizhou Agricultural Science Institute, holds 53.21% of the shares[13] Expenses - Total operating costs amounted to ¥117,478,891.24, up from ¥96,607,191.99 in the previous period, indicating an increase of about 21.5%[57] - Research and development expenses for the current period were ¥4,365,708.09, up from ¥3,729,575.15, representing an increase of about 17.1%[65] - Sales expenses decreased to ¥52,031,601.83 from ¥58,759,574.15, marking a reduction of about 11.8%[76] - Cash paid to employees decreased to $14,094,746.43 from $17,939,118.71, a reduction of approximately 21.5%[101] - Cash paid for taxes decreased to $2,185,264.72 from $2,785,066.45, a decline of about 21.5%[101] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[80]