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登海种业(002041) - 2025 Q1 - 季度财报
2025-04-28 08:30
Revenue and Profit - Revenue for Q1 2025 was CNY 162,646,807.82, a decrease of 30.04% compared to CNY 232,497,977.07 in the same period last year[4] - Net profit attributable to shareholders was CNY 24,597,739.66, down 18.37% from CNY 30,133,562.85 year-on-year[4] - Net profit after deducting non-recurring gains and losses was CNY 4,123,772.78, a significant decline of 70.24% compared to CNY 13,856,322.25 in the previous year[4] - Total operating revenue for the current period was ¥162,646,807.82, a decrease of 30% compared to ¥232,497,977.07 in the previous period[15] - Net profit for the current period was ¥26,783,647.91, down 16% from ¥32,046,609.60 in the previous period[16] - Earnings per share (EPS) decreased to ¥0.0280 from ¥0.0342, representing a decline of 18%[16] Assets and Liabilities - The company's total assets decreased by 2.24% to CNY 4,769,032,284.73 from CNY 4,878,071,041.66 at the end of the previous year[4] - The total current assets are reported at ¥3,912,842,749.98, down from ¥4,012,606,530.60 at the beginning of the period[13] - The total liabilities decreased from ¥853,571,255.63 to ¥681,434,444.86 during the reporting period[13] - The company's inventory stands at ¥791,113,871.16, down from ¥840,862,539.38[12] - The total assets amount to ¥4,769,032,284.73, a decrease from ¥4,878,071,041.66[13] - Total liabilities decreased to ¥795,481,543.42 from ¥931,303,948.26, a reduction of about 15%[14] - Total equity increased to ¥3,973,550,741.31 from ¥3,946,767,093.40, reflecting a growth of approximately 1%[14] Cash Flow - Cash flow from operating activities showed a slight improvement, with a net outflow of CNY 81,604,393.44, compared to CNY 81,826,964.81 in the same period last year, reflecting a 0.27% change[4] - Cash inflow from investment activities was ¥1,020,493,734.95, down from ¥1,313,967,455.42, indicating a decrease of about 22%[17] - Cash outflow for investment activities was ¥916,335,905.31, compared to ¥977,232,346.09 in the previous period, showing a reduction of approximately 6%[17] - The net cash flow from investment activities decreased significantly by CNY 232,577,279.69, primarily due to reduced purchases and redemptions of financial products[8] - The ending balance of cash and cash equivalents was CNY 448,285,907.29, down from CNY 678,789,795.57 year-over-year, showing a decrease in liquidity[18] - The net increase in cash and cash equivalents for the quarter was CNY 22,440,113.12, a significant drop from CNY 255,508,247.62 in the previous year[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 67,877[9] - The largest shareholder, Laizhou Agricultural Academy, holds 53.21% of the shares, totaling 468,223,255 shares[9] - The company has no preferred shareholders or related matters reported[11] - The company has not reported any changes in the participation of major shareholders in margin trading[10] Other Financial Metrics - The company reported a 42.30% increase in prepaid accounts compared to the beginning of the year, primarily due to prepayments for seed production in 2025[7] - Other income increased by 107.67% year-on-year, mainly due to an increase in government subsidies recognized during the period[8] - The company experienced a 6996.00% increase in asset disposal income, attributed to the disposal of assets by a subsidiary[8] - The company's weighted average return on equity decreased to 0.68% from 0.84% in the previous year[4] - Deferred income increased to ¥105,920,227.49 from ¥71,442,364.90, representing a growth of about 48%[14] - Cash flow from financing activities totaled CNY 23,013,323.08, an increase from CNY 6,999,896.90 in the previous year, reflecting a significant growth in financing activities[18] - The net cash flow from financing activities was negative at CNY -113,323.08, compared to a positive CNY 600,103.10 in the same period last year, indicating a shift in financing strategy[18] - The company did not undergo an audit for the first quarter report, which may affect the perception of financial reliability[19]
登海种业:2025年一季度净利润2459.77万元,同比下降18.37%
news flash· 2025-04-28 08:29
Group 1 - The core point of the article is that Denghai Seed Industry (002041) reported a significant decline in both revenue and net profit for the first quarter of 2025 compared to the same period last year [1] Group 2 - The company's operating revenue for Q1 2025 was 163 million yuan, representing a year-on-year decrease of 30.04% [1] - The net profit for the same period was 24.5977 million yuan, which is a year-on-year decline of 18.37% [1]
农林牧渔行业周报第15期:3月能繁去化,屠宰量同环比均大增
HUAXI Securities· 2025-04-28 05:20
Investment Rating - The industry rating is "Recommended" [3] Core Insights - The report highlights significant growth in the pig farming sector, with a notable increase in slaughter volume and consumer demand. The average price of pigs is showing a slight upward trend, indicating potential profitability for producers [2][12] - The agricultural sector is benefiting from supportive financial policies aimed at revitalizing the seed industry, with a focus on enhancing productivity through biotechnology and improved financial services [1][11] Summary by Sections 1. Weekly Insights - The Ministry of Agriculture and Rural Affairs has introduced new financial support measures for the seed industry, including a total of 150 billion yuan in loans and funds since the start of the 14th Five-Year Plan [1][11] - The commercialization of genetically modified crops is expected to accelerate, enhancing self-sufficiency in key varieties [1][11] 2. Market Review - The agricultural sector index decreased by 0.16% during the week, while the overall market indices showed positive growth [14] - The top-performing sub-sectors included animal health and feed, indicating a shift in investor interest towards these areas [14][18] 3. Key Agricultural Product Data Tracking - The average price of corn is 2278.78 yuan/ton, with a week-on-week increase of 0.47% [24] - The average price of pigs is reported at 14.98 yuan/kg, reflecting a week-on-week increase of 0.44% [12][61] - The average price of soybeans is 3887.37 yuan/ton, with a slight increase of 0.16% [38] 4. Profitability Forecasts and Valuations - Specific companies in the pig farming sector, such as 京基智农, 牧原股份, and 温氏股份, are recommended for their potential profitability due to improved cost management and higher output flexibility [2][12] - In the seed industry, companies like 隆平高科 and 登海种业 are highlighted for their competitive advantages and expected benefits from the supportive policies [1][11]
登海种业(002041):减值计提拖累盈利,关注转基因商业化
HTSC· 2025-04-23 06:32
Investment Rating - The investment rating for the company is "Accumulate" with a target price of RMB 11.34 [6][7]. Core Views - The company's revenue for 2024 is RMB 1.246 billion, a year-on-year decrease of 19.74%, and the net profit attributable to the parent company is RMB 56.63 million, down 77.86% year-on-year, primarily due to significant asset impairment losses in Q4 2024 [1][2]. - The domestic corn seed market is oversupplied, leading to weak sales and intense competition, which has pressured the company's revenue and profitability [2][3]. - The company is expected to benefit from the commercialization of genetically modified (GM) crops, with several GM corn varieties already approved and more in the pipeline [3][4]. Revenue and Profitability - In 2024, the company achieved revenue of RMB 1.246 billion, with corn seed revenue at RMB 1.07 billion and wheat seed revenue at RMB 110 million, reflecting declines of 21% and 3.4% respectively [2][5]. - The gross margin for 2024 is projected to be 28.1%, a decrease of 0.64 percentage points year-on-year, influenced by a significant drop in rice seed margins [2][5]. - The company recorded an asset impairment loss of RMB 129 million, which significantly impacted profitability, resulting in a net loss in Q4 2024 [2][4]. Future Outlook - The company plans to increase its R&D investment, which reached RMB 83.22 million in 2024, a year-on-year increase of 25%, indicating a commitment to innovation and product development [3][4]. - The long-term outlook is positive due to the strategic emphasis on food security and agricultural innovation by the Chinese government, which may enhance the company's market position [3][4]. Financial Projections - The forecast for net profit attributable to the parent company for 2025 is RMB 161.47 million, a significant increase of 185.15% compared to 2024 [5][16]. - The projected revenue for 2025 is RMB 1.277 billion, reflecting a slight recovery from the previous year [5][16]. - The company is expected to maintain a strong market position as a leading corn seed producer, benefiting from the anticipated growth in the agricultural sector [4][5].
山东登海种业股份有限公司财报解读:净利润暴跌77.86%,研发投入增长24.79%
Xin Lang Cai Jing· 2025-04-22 20:43
Core Insights - Shandong Denghai Seed Industry Co., Ltd. reported significant changes in key financial metrics for the year 2024, including a 77.86% decline in net profit and a 24.79% increase in R&D expenses, indicating challenges and opportunities in its operations [1][3]. Revenue Performance - The company achieved a revenue of 1,245,664,505.89 yuan in 2024, down 19.74% from 1,551,975,042.78 yuan in 2023 [2]. - The agricultural segment accounted for 100% of the revenue, with corn seed sales contributing 1,072,539,747.99 yuan, representing 86.10% of total revenue and a 20.78% decline year-on-year [2]. - Revenue from the northern region was 1,180,709,723.10 yuan, down 15.52%, while the southern region saw a drastic decline of 57.92%, generating only 64,954,782.79 yuan [2]. Profitability Analysis - The net profit attributable to shareholders was 56,625,639.65 yuan, a sharp decrease of 77.86% from 255,783,003.82 yuan in 2023 [3]. - The company's core operating profitability faced severe challenges, as the net profit excluding non-recurring items turned negative at -23,637,879.76 yuan, compared to a profit of 177,344,840.06 yuan in the previous year, marking a 113.33% decline [4]. Earnings Per Share - Basic earnings per share fell to 0.0643 yuan, down 77.88% from 0.2907 yuan in 2023 [5]. - The diluted earnings per share also showed a significant drop, reflecting the company's declining profitability and reduced returns to shareholders [5]. Expense Overview - Sales expenses increased by 2.57% to 72,678,144.16 yuan, likely due to intensified market competition [6]. - Management expenses rose by 3.69% to 113,350,564.64 yuan, attributed to the expansion of the company's operations [6]. - R&D expenses grew by 24.79% to 83,215,979.09 yuan, indicating a commitment to innovation and enhancing core competitiveness [6]. R&D and Personnel - R&D investment amounted to 86,419,693.13 yuan, representing 6.94% of revenue, an increase from 4.53% in 2023 [7]. - The number of R&D personnel decreased by 2.81% to 173, but the proportion of employees with a master's degree increased by 44.44%, suggesting an improvement in the quality of the R&D team [7]. Cash Flow Situation - The net cash flow from operating activities was 128,136,431.70 yuan, down 28.37% from 178,886,548.03 yuan in 2023, primarily due to a decrease in cash received from sales [9]. - The net cash flow from investing activities improved to -114,590,721.58 yuan, a reduction of 15.96% compared to the previous year [9]. - The net cash flow from financing activities showed a significant increase in outflow, reaching -10,981,463.90 yuan, compared to a positive inflow of 6,962,632.38 yuan in 2023 [9].
登海种业(002041) - 年度股东大会通知
2025-04-22 11:22
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:2025-013 山东登海种业股份有限公司 关于召开2024年度股东会的通知 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)股东会届次 本次召开的股东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年度股东会。 (二)股东会的召集人:公司董事会。 2025年4月21日召开的第八届董事会第十五次会议审议通过了《关于召开 2024年度股东会的议案》,同意召开本次股东会。 (三)会议召开的合法、合规性:本次股东会会议的召集、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。 (四)会议召开的日期、时间 1.现场会议召开时间:2025年5月13日(星期二)下午14:00 2.网络投票时间 (1)通过深圳证券交易所交易系统进行网络投票的时间为2025年5月13日 上午9:15-9:25,9:30-11:30,下午13:00-15:00。 (2)通过深圳证券交易所互联网投票系统进行投票的时间为2025年5月13 日上 ...
登海种业(002041) - 监事会决议公告
2025-04-22 11:21
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:2025-005 山东登海种业股份有限公司 第八届监事会第十三次会议决议公告 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 第十三次会议于 2025 年 4 月 21 日上午 11:30 在公司三楼会议室召 开,应参会监事 7 人,实际参会监事 4 人。监事王寰邦先生因身体 原因,未能亲自出席本次会议,授权委托监事翟冬峰女士代为行使表 决权;监事张明先生因公出差,未能亲自出席本次会议,授权委托监 事王玉玲女士代为行使表决权;监事王敏邦先生因公出差,未能亲 自出席本次会议,授权委托监事李玉明先生代为行使表决权。本次会 议由监事会主席翟冬峰女士主持召开,董事会秘书原绍刚列席参 加。会议召开程序符合《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: 本报告需提交公司 2024 年度股东会审议。 二、审议通过了《公司 2024 年度报告及其摘要》,赞成票 7 票,反对票 0 票,弃权票 ...
登海种业(002041) - 董事会决议公告
2025-04-22 11:21
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:2025-004 本议案需提交 2024 年度股东会审议。 山东登海种业股份有限公司 第八届董事会第十五次会议决议公告 本公司及董事会全体成员保证信息披露内容真实、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")第八届董事 会第十五次会议通知于 2025 年 4 月 11 日以传真、电子邮件方式发 出,2025 年 4 月 21 日上午 8:00,在公司培训中心三楼会议室召 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,形成了如下决议: 一、审议通过了《总经理工作报告》,赞成票 9 票,反对票 0 票,弃权票 0 票。 二、审议通过了《董事会工作报告》,赞成票 9 票,反对票 0 票,弃权票 0 票。 详 见 202 5 年 4 月 2 3 日 巨 潮 资 讯 网 站 (http://www.cninfo.com.cn)登载的《公司 2024 年年度报告全文》 "第三节管理层讨论与分析 ...
登海种业(002041) - 关于2024年度利润分配预案的公告
2025-04-22 11:20
2025 年 4 月 21 日,公司第八届董事会第十五次会议、第八届监 事会第十三次会议审议通过了《2024 年度利润分配方案》。 本议案尚需提交公司 2024 年度股东会审议。 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:2025-007 山东登海种业股份有限公司 关于2024年度利润分配预案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整,没有虚 假记载、误导性陈述或者重大遗漏。 一、审议程序 山东登海种业股份有限公司 年报披露日至实施利润分配方案的股权登记日期间股本发生变 动的,按照分配总额不变,分配比例进行调整的原则分配。 三、现金分红方案的具体情况 二、2024 年度利润分配预案基本情况 经中证天通会计师事务所(特殊普通合伙)审计,公司 2024 年度 实现归属于母公司所有者的净利润 56,625,639.65 元,母公司实现净 利润 12,517,920.84 元。根据《公司法》和《公司章程》的有关规定, 公司按母公司实现净利润 12,517,920.84 元提取 10%的盈余公积金 1,251,792.08 元,加上母公司年初未分配利润 2,0 ...
登海种业(002041) - 内部控制审计报告
2025-04-22 11:17
山东登海种业股份有限公司 2024 年度 内部控制审计报告 目 录 内部控制审计报告 1-2 中证天通会计师事务所(特殊普通合伙) 中证天通会计师事务所 (特殊普通合伙) 中国·北京 海淀区西直门北大街 43 号 金运大厦 B 座 13 层 邮编 100044 电话 010 6221 2990 传真 010 6225 4941 网址 www.zzttcpa.com 内部控制审计报告 中证天通(2025)证专审 43100011 号 山东登海种业股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要 求,我们审计了山东登海种业股份有限公司(以下简称登海种业公司)2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业 内部控制评价指引》的规定,建立健全和有效实施内部控制,并评价其有效 性是登海种业公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性 发表审计意见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 ...