Financial Performance - The company's revenue for Q1 2021 was CNY 2,854,325,725.98, representing a 10.13% increase compared to CNY 2,591,778,373.64 in the same period last year[9] - Net profit attributable to shareholders was CNY 38,618,464.40, a significant increase of 48.07% from CNY 26,080,852.94 year-on-year[9] - The net profit after deducting non-recurring gains and losses was CNY 29,112,733.80, up 45.83% from CNY 19,962,935.83 in the previous year[9] - The company reported a total of CNY 8.39 million in entrusted financial management, with no overdue amounts[30] - The total operating revenue for Q1 2021 was CNY 2,854,325,725.98, an increase from CNY 2,591,778,373.64 in the previous period[48] - The company's net profit for Q1 2021 was not explicitly stated, but the increase in total revenue suggests positive performance compared to the previous year[48] - The total profit for the first quarter was CNY 73,617,838.42, compared to CNY 49,795,362.15 in the same period last year, reflecting a growth of approximately 47.8%[50] - The net profit for the first quarter was CNY 51,430,966.64, compared to CNY 32,981,867.02 in the same period last year, representing a year-over-year increase of approximately 55.8%[50] Cash Flow - The net cash flow from operating activities was CNY 298,632,863.27, a turnaround from a negative cash flow of CNY -796,543,266.24 in the same period last year[9] - Net cash flow from operating activities increased by CNY 1,095,176,129.51 compared to the same period last year, mainly due to a decrease in cash paid for goods and services[22] - The cash inflow from operating activities was CNY 2,815,089,225.41, compared to CNY 2,973,749,957.83 in the previous year[57] - Total cash outflow from operating activities was CNY 2,516,456,362.14, down from CNY 3,770,293,224.07 in Q1 2020, indicating a reduction of approximately 33.4%[58] - The cash paid for purchasing goods and services was CNY 291,951,628.40, significantly lower than CNY 1,209,868,431.78 in the same quarter last year, indicating a reduction of approximately 76.1%[61] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,348,366,001.48, an increase of 2.48% from CNY 17,903,964,654.33 at the end of the previous year[9] - The total liabilities as of March 31, 2021, were CNY 11,970,234,766.18, compared to CNY 11,547,906,981.43 at the end of 2020[43] - The total equity attributable to shareholders increased slightly to CNY 6,316,437,566.01 from CNY 6,305,380,168.09[43] - The company's cash and cash equivalents amounted to CNY 814.39 million, up from CNY 787.40 million at the end of 2020, reflecting a growth of about 3.3%[40] - The company's cash and cash equivalents decreased to CNY 232,655,151.65 from CNY 285,099,724.74 at the end of 2020[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,718, indicating a stable shareholder base[12] - The largest shareholder, Linyi Kingenta Investment Holding Co., Ltd., held 34.00% of the shares, indicating significant ownership concentration[12] Operational Metrics - The weighted average return on net assets was 0.61%, up from 0.25% in the same period last year, reflecting improved profitability[9] - The total operating costs for Q1 2021 amounted to CNY 2,763,035,856.64, up from CNY 2,552,210,390.29 in the previous period[49] - The operating profit for the first quarter was CNY 72,081,279.33, an increase from CNY 49,370,675.51 in the previous year[50] Research and Development - Research and development expenses decreased by 47.17% compared to the same period last year, mainly due to reduced R&D investment[20] - The company reported a decrease in research and development expenses to CNY 20,616,579.61 from CNY 39,020,735.81 in the previous period[49] - The research and development expenses amounted to CNY 14,229,370.75, down from CNY 26,195,303.62 in the previous year, showing a decrease of about 45.7%[53] Financial Challenges - The company is currently facing challenges due to the pledge and freeze of shares by its controlling shareholder, which is undergoing bankruptcy restructuring[26] - The company has a non-operating fund occupation by related parties totaling CNY 1.47 billion, which is 40.01% of the latest audited net assets[33] - The company has implemented measures to strengthen internal controls and governance to prevent any form of related party fund occupation[33] Other Information - The company did not report any significant new product launches or technological advancements during this quarter[64] - The first quarter report was not audited, which may affect the reliability of the financial data presented[64]

Financial Performance - The company reported a non-standard audit opinion for the 2020 financial report due to unresolved issues from the 2019 audit, which may lead to adjustments in financial statements [7]. - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves for the year [8]. - The company's operating revenue for 2020 was ¥9,354,986,043.85, a decrease of 17.28% compared to ¥11,308,871,930.00 in 2019 [20]. - The net profit attributable to shareholders was -¥3,366,308,989.54, representing a decline of 392.75% from -¥683,163,953.97 in the previous year [20]. - The net cash flow from operating activities was -¥1,365,664,119.54, a decrease of 24.25% compared to -¥1,099,096,675.47 in 2019 [20]. - The basic earnings per share were -¥1.020, down 385.71% from -¥0.21 in 2019 [20]. - Total assets at the end of 2020 were ¥17,903,964,654.33, a decrease of 21.48% from ¥22,801,048,957.64 at the end of 2019 [20]. - The net assets attributable to shareholders decreased by 35.25% to ¥6,305,380,168.09 from ¥9,738,516,305.43 in 2019 [20]. - The company achieved a production capacity of 30% organic matter in its organic-inorganic compound fertilizers, with various formulations available [63]. - The company reported a significant increase in revenue, achieving a total of 10 billion RMB for the year, representing a 15% year-over-year growth [69]. Corporate Governance and Compliance - The company’s board of directors and supervisory board have confirmed the accuracy and completeness of the annual report [6]. - The company has faced significant internal control deficiencies as noted in its self-evaluation report [7]. - The company has implemented strict epidemic prevention measures to ensure the resumption of production and operations [52]. - The company has improved its internal control management system to enhance operational efficiency and compliance with listing requirements [54]. - The company received a qualified audit opinion for its 2020 financial report, which objectively reflects its financial status and operating conditions [153]. - The company is actively addressing compliance issues as indicated by the receipt of warning letters and ongoing investigations [166]. - The company has established a robust internal control system to enhance corporate governance [194]. - The company is required to bear all costs associated with the enforcement of the debt recovery, including legal and notary fees [165]. Market Position and Strategy - The company has not reported any changes in its main business since its listing [18]. - The company aims to enhance soil quality and promote sustainable agriculture through its "soil improvement" initiatives [31]. - The company is focusing on agricultural service development to meet the increasing demand for quality and traceable agricultural products [31]. - The company holds a leading position in the domestic market for traditional and new fertilizers, as well as soil improvement products [33]. - The company is leveraging its advantages in resource integration, technology, and customer relationships to lead in the modernization of agricultural services [34]. - The company is exploring potential mergers and acquisitions to strengthen its market position and product offerings [62]. - The company is actively expanding its domestic and international sales markets despite the challenges posed by the COVID-19 pandemic [52]. - The company has established multiple national-level platforms for research and development in fertilizer technology, enhancing its innovation capabilities [56]. Product Development and Innovation - The company has a strong R&D team with 299 patents and has participated in over 50 national and provincial major scientific research projects [45]. - The company has developed a series of specialized compound fertilizers tailored to regional crop nutrient needs, improving product effectiveness [56]. - The company has developed a smart decision-making system for water, fertilizer, and pesticides based on the LabVIEW platform, addressing the challenges of traditional integrated equipment [58]. - The company has introduced a new organic fertilizer with a minimum nutrient content of N+P2O5+K2O≥5% and organic matter ≥45%, effective from March 2019 to March 2024 [64]. - The company is focusing on the development of amino acid water-soluble fertilizers, with a minimum amino acid content of 100g/L, launched in July 2017, expiring in July 2022 [66]. - The company has developed slow-release mixed fertilizers with various nutrient compositions, including a product with 44% nutrient content (23-10-11) set to last until March 2025 [66]. - The company aims to enhance market presence through the introduction of innovative agricultural products and technologies [66]. - The company is committed to sustainability and improving soil health through its range of organic and microbial fertilizers [66]. Legal and Regulatory Issues - The company is involved in a significant arbitration case with a claim amount of CNY 35,100 million, which has not yet formed an estimated liability [163]. - The company is also facing a lawsuit from China Minsheng Bank for a total claim of CNY 282,748,001.48, which includes principal and interest [164]. - The company has a compensation agreement in place with its controlling shareholder for any shortfall in the net profit commitments [134]. - The company is facing potential legal actions to recover funds if Nobeifeng fails to meet repayment obligations [142]. - The company has been ordered to pay arbitration fees totaling CNY 1,414,760, with a reduction to CNY 707,380 due to mediation [164]. - The company is required to repay the principal amount of CNY 280,000,000 along with interest in the ongoing legal matters [164]. - The company has a contingent liability related to the arbitration case, which may affect future financial statements [163]. - The company is actively monitoring the progress of these legal proceedings and their potential financial implications [164]. Environmental and Social Responsibility - The company emphasizes product quality and safety, adhering to the principle that "responsibility is our way of survival" [193]. - The company has adopted an environmentally friendly approach, promoting the "亲土种植" concept to enhance soil quality and crop yield [193]. - The company has committed to using green fertilizer products to support sustainable agricultural development [193]. - The company is classified as a key pollutant discharge unit by environmental protection authorities [196]. - The total emissions of SO2 from various discharge points amounted to 88.509 tons, with a maximum concentration of 85.46 mg/m³, which is below the regulatory limit of 400 mg/m³ [198]. - The company has implemented a comprehensive employee welfare program, focusing on health, happiness, and career development [197]. - The company has established safety production licenses for various chemical products, ensuring compliance with regulatory standards [62]. - The company has successfully implemented environmental protection facilities in accordance with environmental impact assessment laws, ensuring normal operation [200].

Financial Performance - Revenue for the reporting period was CNY 2,108,437,771.72, a decline of 37.18% year-on-year[9] - Net profit attributable to shareholders was a loss of CNY 344,190,932.32, representing a decrease of 713.23% compared to the same period last year[9] - Basic and diluted earnings per share were both CNY -0.10, reflecting a decrease of 600%[9] - Operating revenue decreased by 30.88% compared to the same period last year, attributed to intense competition in the compound fertilizer industry[20] - Operating costs decreased by 30.43% compared to the same period last year, mainly due to the decline in revenue from compound fertilizer products[20] - Financial expenses increased by 690.64% compared to the same period last year, primarily due to an increase in short-term borrowings and interest expenses[20] - The net profit for Q3 2020 was a loss of CNY 345,207,616.62, compared to a profit of CNY 33,446,466.72 in Q3 2019[47] - The net profit for the year-to-date period was a loss of ¥298,625,322.00, compared to a profit of ¥435,543,622.36 in the previous year, highlighting ongoing financial challenges[52] Cash Flow - The net cash flow from operating activities was negative at CNY -58,403,227.48, a decline of 181.02%[9] - Net cash flow from operating activities decreased by 71,465,207.84 yuan compared to the same period last year, mainly due to a reduction in cash received from sales of goods and services[23] - The net cash flow from operating activities was -531,282,146.53 CNY, compared to -459,816,938.69 CNY in the same period last year, reflecting worsening cash flow conditions[57] - Total cash flow from investment activities was -844,330,425.33 CNY, a decrease from -1,110,774,570.96 CNY year-over-year[58] - Cash flow from financing activities showed a net increase of 984,702,269.20 CNY, compared to 107,787,444.61 CNY in the previous year, indicating improved financing conditions[58] Assets and Liabilities - Total assets decreased by 10.26% to CNY 20,462,553,440.95 compared to the end of the previous year[9] - The company's total assets decreased to CNY 19,395,889,609.53 from CNY 20,061,496,837.16, reflecting a decline of 3.32%[43] - The company's current assets decreased to CNY 11.63 billion from CNY 13.54 billion year-over-year[37] - Total liabilities decreased slightly to CNY 10.96 billion from CNY 11.08 billion[39] - The company's equity attributable to shareholders decreased to CNY 9.44 billion from CNY 9.74 billion[40] Shareholder Information - The company reported a total of 64,704 shareholders at the end of the reporting period[13] - The largest shareholder, Linyi Kingenta Investment Holding Co., Ltd., holds 34.00% of the shares[13] - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[14] Inventory and Receivables - Accounts receivable financing decreased by 55.25% compared to the beginning of the year, mainly due to some distributors settling payments with bank acceptance bills[18] - Inventory decreased to CNY 4.71 billion from CNY 5.61 billion, reflecting a decline of about 16.0%[37] - Accounts receivable increased to CNY 1.01 billion, up from CNY 894.16 million, indicating a growth of approximately 12.5%[37] Audit and Compliance - The company is currently addressing previous audit issues related to significant transactions with related parties[5] - The third quarter report for 2020 was not audited[63] Research and Development - Research and development expenses for Q3 2020 were CNY 28,176,983.16, significantly reduced from CNY 63,684,750.72 in Q3 2019, a decrease of 55.8%[46] - Research and development expenses decreased to ¥18,020,249.32 from ¥37,606,556.55, showing a reduction in investment in new product development[48] Comprehensive Income - The total comprehensive income for the period was -393,578,797.80 CNY, reflecting the same loss as the net profit[56] - Other comprehensive income after tax for Q3 2020 was CNY 462,593.01, compared to a loss of CNY 6,453,744.75 in Q3 2019[47]

证券代码：002470 证券简称：*ST 金正 公告编号：2020-070 金正大生态工程集团股份有限公司 关于参加山东辖区上市公司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内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，金正大生态工程集团股份有限公司（以 下简称"公司"）将参加"山东辖区上市公司 2020 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通过深圳市全景网络有限公司提供的互 联网平台举行，投资者可以登录"全景·路演天下"（http://rs.p5w.net）参 与公司本次投资者网上集体接待日活动，活动时间为 2020 年 9 月 29 日（星期二） 下午 15:00 至 16:55。 届时公司副总经理崔彬先生、证券事务代表杨春菊女士将通过网络在线交流 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。 金正大生态工程集团股份有限公司董事会 二〇二〇年九月二十五日 ...

Financial Performance - Kingenta reported a significant financial challenge with an audit report indicating an inability to express an opinion on the 2019 financial statements due to substantial transactions with related parties[5]. - The company plans not to distribute cash dividends or issue bonus shares for the current fiscal year[7]. - The company's operating revenue for the first half of 2020 was ¥5,586,362,029.75, a decrease of 28.17% compared to the same period last year[19]. - The net profit attributable to shareholders was ¥31,519,029.36, down 92.66% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥12,535,381.52, a decline of 96.88% compared to the previous year[19]. - The net cash flow from operating activities was -¥472,878,919.05, an improvement of 11.10% from -¥531,899,515.76 in the previous year[19]. - Total assets at the end of the reporting period were ¥21,599,126,892.86, a decrease of 5.27% from the end of the previous year[19]. - The company's total equity attributable to shareholders increased by 0.45% to ¥9,781,938,865.29 compared to the end of the previous year[19]. - The company achieved a revenue of ¥5,586,362,029.75, a decrease of 28.17% compared to the previous year due to the impact of the COVID-19 pandemic[40]. - The total operating revenue for the first half of 2020 was CNY 5,586,362,029.75, a decrease of 28.17% compared to CNY 7,776,974,765.65 in the same period last year[47]. - The operating cost decreased by 29.39% to CNY 4,167,327,692.08 from CNY 5,901,957,092.19 year-on-year[48]. - Research and development expenses were reduced by 51.98% to CNY 73,604,568.69 from CNY 153,269,674.29 in the previous year[48]. - The company reported a significant increase in cash flow from financing activities, which rose by 5,237.94% to CNY 813,717,296.78 from CNY 15,244,028.13 in the previous year[48]. - The company reported a total cash inflow from operating activities of 12,657,803.80 CNY, slightly down from 13,325,597.57 CNY in the previous year[167]. Governance and Compliance - Kingenta's management has committed to ensuring the accuracy and completeness of the financial report, emphasizing accountability[5]. - The board of directors and supervisory board have confirmed their attendance at the meeting discussing the report, indicating governance transparency[5]. - The company is currently addressing previous financial reporting issues, which may lead to adjustments in accounting entries[5]. - The company has not disclosed specific user data or performance metrics in the provided content, focusing instead on governance and financial integrity[5]. - The company is actively verifying its financial transactions with Nobefeng and enhancing internal controls to mitigate risks[81]. - The company aims to improve supplier credit assessments and strengthen internal approval processes for significant agreements and payments[81]. - The board will continue to monitor and supervise management's actions to resolve the issues affecting the audit opinion[81]. - The company will conduct a comprehensive self-examination of its relationships with related parties according to the Shenzhen Stock Exchange listing rules[82]. - The finance department is required to strengthen training on the Accounting Standards for Enterprises and ensure compliance, including verifying trade income without actual logistics from previous years[82]. - The board will organize a thorough review of internal controls across various operational areas, including financial reporting and internal auditing[83]. - The company received a warning letter for failing to timely disclose performance forecasts and for discrepancies in reported operating performance for 2019 compared to 2018[87]. Market and Strategic Developments - Kingenta's future plans and strategic developments are subject to market risks, which investors should be aware of[6]. - The company aims to enhance agricultural services through the establishment of Shandong Tiancheng Agricultural Co., Ltd., providing integrated services from planting to sales[31]. - The company has established production bases across multiple provinces, covering over 100 types of fertilizer products[28]. - The company is focused on developing functional compound fertilizers and has initiated research on resource-efficient applications in response to regional climate and soil conditions[42]. - The company aims to enhance agricultural sustainability by promoting reduced fertilizer usage and ecological agriculture practices[42]. - The company has established long-term cooperative relationships with over 40 universities and research institutions for innovative fertilizer development[33]. - The company emphasizes a "customer value creation" service philosophy, enhancing its service marketing strategy to better meet customer needs[36]. - The company plans to enhance inventory management and reduce raw material stock to mitigate risks associated with price volatility, while also implementing a pricing strategy based on actual market conditions[67]. - The company plans to expand its market presence and invest in new product development to drive future growth[176]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[107]. - The total emissions of SO2 from the company were 1.59 tons, with a concentration of 2.54 mg/m³, well below the standard of 50 mg/m³[107]. - The company reported a total of 0.511 tons of NOX emissions, with a concentration of 1.85 mg/m³, also below the standard of 100 mg/m³[107]. - The company maintained compliance with pollution discharge standards across various emission points[107]. - The company has successfully implemented environmental protection facilities in accordance with the Environmental Impact Assessment Law and has passed the necessary evaluations[111]. - All existing construction projects have received environmental impact assessment approvals from local environmental protection bureaus[112]. - The company has established emergency response plans for environmental incidents, which have been reviewed and filed by environmental authorities[113]. - Regular monitoring of "three wastes" (wastewater, waste gas, and solid waste) is conducted by third-party agencies to ensure compliance with environmental regulations[114]. - The company has committed to transparency by publicly displaying monitoring data within the factory premises[114]. Shareholder Information - The total number of shares is 3,286,027,742, with 449,470,412 shares subject to restrictions, accounting for 13.68% of the total[123]. - The unrestricted shares amount to 2,836,557,330, representing 86.32% of the total shares[123]. - The company has not reported any changes in shareholding structure or significant shareholder movements during the period[123]. - The largest shareholder, Linyi Jinzhen Investment Holding Co., Ltd., holds 34.99% of the shares, totaling 1,149,661,529 shares[127]. - Wan Lianbu, a natural person, holds 18.04% of the shares, amounting to 592,743,874 shares[127]. - The company has not disclosed any impact of share changes on earnings per share or net asset value per share[123]. - The total number of common shareholders at the end of the reporting period was 76,668[126]. Related Party Transactions - The total amount of related party transactions for the first half of 2020 was disclosed, indicating ongoing operational relationships[91]. - The company emphasized fair market pricing in all related party transactions, ensuring compliance with regulatory standards[90]. - The company plans to continue monitoring and reporting on related party transactions to maintain transparency and accountability[91]. - Future transactions are expected to align with market conditions and regulatory approvals to optimize operational efficiency[90]. Subsidiaries and Investments - The company has established several new subsidiaries during the reporting period, which had no significant impact on overall operations and performance[65]. - The company has lost control over multiple subsidiaries, including Hubei Wolfte Ecological Engineering Co., Ltd. and Jinfeng Agricultural Service Co., Ltd., but these changes have no significant impact on overall production and performance[66]. - The subsidiary Anhui Jinzhengda reported a net profit of CNY 7,709,068.54 with an operating income of CNY 198,753,283.57[65]. - Yunnan Zhongzhenghua reported a net profit of CNY 14,696,244.96 with an operating income of CNY 255,723,717.79[65]. - The subsidiary Guangdong Jinzhengda reported a net profit of CNY 6,888,820.85 with an operating income of CNY 129,426,616.19[65]. - The subsidiary Xinjiang Puhuinong reported a net profit of CNY 9,271,007.55 with an operating income of CNY 88,617,517.24[65]. - The subsidiary Jinzhengda Nuotai reported a net loss of CNY 71,378,083.57 with an operating income of CNY 927,597,002.81[65]. Financial Position and Assets - The company's current assets totaled CNY 12,459,211,320.15, down from CNY 13,537,744,257.86 at the end of 2019, indicating a decline of approximately 7.95%[148]. - Cash and cash equivalents decreased to CNY 1,184,050,349.51 from CNY 1,885,947,791.74, representing a decline of about 37.09%[147]. - Accounts receivable increased significantly to CNY 1,309,056,306.05 from CNY 894,158,576.46, marking an increase of approximately 46.36%[147]. - Inventory decreased to CNY 5,199,167,505.84 from CNY 5,610,569,014.17, reflecting a decline of about 7.31%[148]. - Total liabilities rose to CNY 11,753,173,826.44 from CNY 11,083,601,284.50, indicating an increase of approximately 6.05%[149]. - The company's short-term borrowings increased to CNY 4,103,133,320.09 from CNY 3,114,721,722.20, representing an increase of about 31.73%[149]. - Prepayments increased significantly to CNY 1,639,032,049.78 from CNY 873,080,301.86, marking an increase of approximately 87.67%[149]. - The company reported a total of 3,286,000,000 CNY in common stock at the end of the reporting period[179].

Financial Performance - The company reported a significant decline in performance for 2019, with an inability to confirm the accuracy of financial data due to major internal control deficiencies and an audit report that expressed an inability to provide an opinion[6]. - The company's financial performance for 2019 is under scrutiny, with potential implications for future operations and investor confidence[10]. - The company's operating revenue for 2019 was ¥11,308,871,930, a decrease of 26.95% compared to ¥15,481,574,104.98 in 2018[24]. - The net profit attributable to shareholders for 2019 was -¥683,163,953.97, representing a decline of 262.10% from ¥421,438,192.07 in 2018[24]. - The company reported a significant decline in net profit attributable to shareholders in Q4 2019, amounting to -¥1,168,526,030.19[29]. - The company’s financial report for 2019 was prepared under the assumption of unresolved issues from the previous year, indicating ongoing financial uncertainty[10]. - The company’s net assets attributable to shareholders decreased by 6.86% to ¥9,738,516,305.43 at the end of 2019 from ¥10,455,313,552.26 at the end of 2018[25]. - The company’s total liabilities from these investments were reported at CNY 29.016 million[80]. Internal Control and Audit Issues - The company’s internal control self-assessment report highlighted significant deficiencies that need to be addressed[10]. - The audit report for 2019 indicated that there were substantial adjustments possible in accounting items due to previous financial reporting issues, particularly concerning transactions with related parties[7]. - The company has not yet restated prior reports related to significant financial transactions, which may impact future financial statements[7]. - The company is actively verifying its financial transactions with related parties to address issues raised in the audit report[128]. - The board acknowledged a non-standard audit report from Daixin Accounting Firm and is taking measures to address the issues raised[126]. - The company plans to enhance internal controls across various operational areas, including financial reporting and procurement[131]. - The company is conducting comprehensive internal audits to ensure compliance with accounting standards and improve operational transparency[131]. Strategic Plans and Future Outlook - The company’s future plans and development strategies are subject to investment risks and do not constitute a commitment to investors[10]. - The company aims to promote sustainable agriculture through soil improvement and agricultural service solutions, addressing the challenges faced by the agricultural sector[37]. - The company aims to lead the transformation of traditional agriculture through automation and big data analysis, responding to government policies promoting agricultural modernization[94]. - The company plans to enhance the promotion of its new fertilizer products and improve production capacity utilization rates[91]. - The company is focusing on the integration of technology in agriculture, including automation and big data analysis, to meet evolving market demands[91]. - The company is committed to building a win-win connection between upstream and downstream resources to create a closed-loop agricultural industry chain[103]. Market and Industry Position - The company has a leading position in the compound fertilizer industry, with traditional and new fertilizers, as well as soil improvement products, holding a significant market share domestically[40]. - The company is positioned to capitalize on the increasing demand for specialized fertilizers and agricultural services due to the ongoing supply-side reforms and environmental regulations[39]. - The company has established over 456 county-level agricultural service institutions across 22 provinces in China, serving more than 2.3 million farmers and managing a total cultivated area of 26.96 million acres[41]. - The agricultural service industry is experiencing structural growth, with a shift towards specialized and customized services becoming a market driver[39]. Research and Development - The company has invested in over 50 national and provincial major scientific research projects, resulting in 291 patents and multiple national and provincial awards for technological advancement[43]. - The company has developed a full range of products, including controlled-release fertilizers and organic fertilizers, to meet diverse agricultural needs and improve soil quality[44]. - Research and development expenses decreased by 46.62% to ¥306,393,446.66, constituting 2.71% of operating revenue[68]. Environmental Compliance - The company is classified as a key pollutant discharge unit by the environmental protection department[162]. - Total emissions of SO2 reached 76.55 tons, which is within the regulatory limit[162]. - The company has implemented environmental protection facilities in accordance with the Environmental Impact Assessment Law, ensuring compliance with regulations[168]. - The company conducts regular monitoring of its emissions, including water, noise, and waste gas, through third-party testing agencies[168]. Shareholder and Equity Management - The company will not distribute cash dividends or issue new shares from capital reserves for the fiscal year 2019, following a similar approach in 2018[111]. - The company reported a total of 369.0999 million CNY in remaining raised funds for working capital, generating interest income of 1.3191 million CNY in 2014[88]. - The company’s total number of shares and shareholder structure remained unchanged, with Lin Yi Jinzhongda Investment Holding Co., Ltd. as the controlling shareholder[197]. - The company’s stock structure saw a transition from restricted to unrestricted shares, with 132,784,633 shares becoming tradable[193]. Challenges and Risks - The company is facing market risks due to overcapacity in the compound fertilizer industry and increasing competition[106]. - Raw material costs account for approximately 80% of the company's production costs, making fluctuations in prices a significant risk[105]. - The company has identified a growing demand for high-level R&D, marketing, and management talent as a risk due to its rapid expansion[107].

Financial Performance - The company reported a significant decline in performance for 2019, with an audit report indicating major internal control deficiencies and a disclaimer of opinion from the auditor[6]. - The financial data for 2019 cannot be confirmed as accurate or complete due to unresolved issues from the previous year's audit[7]. - The company is facing potential significant adjustments in accounting statements due to previous transactions with related parties and unsubstantiated trade income[7]. - The company's operating revenue for 2019 was ¥11,308,871,930, a decrease of 26.95% compared to ¥15,481,574,104.98 in 2018[24]. - The net profit attributable to shareholders was -¥683,163,953.97, representing a decline of 262.10% from ¥421,438,192.07 in the previous year[24]. - The basic earnings per share for 2019 was -¥0.21, a decrease of 261.54% from ¥0.13 in 2018[24]. - The weighted average return on net assets was -6.75%, a decline of 11.19% compared to 4.44% in 2018[24]. - The company reported a net loss of approximately ¥216.08 million for the period, with total revenue of ¥1.76 billion, indicating a challenging financial performance[97]. Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves for the year[11]. - The company did not distribute cash dividends for the years 2019 and 2018, and only distributed cash dividends of 252,627,047.68 yuan in 2017, which accounted for 35.31% of the net profit attributable to ordinary shareholders[109]. - The company has not proposed a cash dividend distribution plan despite having positive distributable profits for the reporting period[109]. - The company has not made any adjustments to its cash dividend policy in the last three years[108]. Internal Control and Audit Issues - The internal control self-assessment report for 2019 indicates significant deficiencies in internal controls[10]. - The company has not yet restated previous financial reports related to the audit issues[7]. - The board of directors acknowledged the impact of the audit report with a disclaimer of opinion and committed to taking effective measures to mitigate its effects[122]. - The company plans to enhance internal controls across various operational areas, including financial activities and procurement, to address issues raised in the audit report[123]. - The company will conduct a comprehensive self-examination of its relationships with related trading companies to ensure compliance with disclosure obligations[123]. - The board will actively cooperate with the audit firm to gather necessary evidence and resolve issues leading to the disclaimer of opinion[122]. Strategic Developments and Future Plans - The company’s future plans and strategic developments are subject to investment risks and do not constitute a commitment to investors[10]. - The company aims to promote sustainable agriculture through soil improvement and agricultural service solutions, addressing challenges in the agricultural sector[37]. - The company is positioned to benefit from the ongoing supply-side reforms and environmental regulations, which are driving the industry towards more sustainable and high-tech solutions[39]. - The company aims to enhance the efficiency of its new fertilizer business by focusing on key agricultural areas and promoting integrated crop nutrition management solutions[88]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its portfolio[137]. Market and Product Development - The company has established production bases in multiple regions, covering over 100 types of fertilizer products, making it one of the most diverse fertilizer companies in China[36]. - The company has developed a full range of products, including controlled-release fertilizers and various specialized fertilizers, to meet the diverse needs of different crops and regions[44]. - The company reported a significant increase in user demand for specialized and customized agricultural products and services, reflecting a shift towards more efficient and effective farming practices[39]. - New product launches are expected to contribute positively to revenue growth in the upcoming fiscal year[137]. Environmental Compliance and Sustainability - The company is committed to environmental protection, promoting the "亲土种植" (soil-friendly planting) concept and developing environmentally friendly products[158]. - The company has successfully implemented environmental protection facilities in accordance with the Environmental Impact Assessment Law, ensuring compliance with regulations[166]. - The company conducts regular monitoring of its emissions, including water, noise, and waste gas, with data publicly displayed on-site[168]. - The company has established emergency response plans for environmental incidents, which have been reviewed and filed by environmental authorities[167]. Related Party Transactions - The company engaged in significant related party transactions, with a total transaction amount of 230.18 million yuan, accounting for 0.02% of the same type of transactions[140]. - The company’s related party transactions included purchases from Deutz AG amounting to 230.18 million yuan, with a fair market price applied[140]. - The company has not disclosed all related parties and transactions, leading to uncertainty regarding the accuracy of financial statement disclosures[176]. Research and Development - The company has invested in over 50 national and provincial major scientific research projects, resulting in 291 patents and multiple national and provincial awards for technological advancement[43]. - The company plans to invest in research and development to drive innovation and maintain competitive advantage[137]. - The number of R&D personnel decreased by 28.10% to 522, representing 6.09% of the total workforce[67]. Shareholder Commitments and Equity - The company has committed to performance guarantees for its subsidiaries, ensuring that the net profit attributable to the parent company will not be less than 9.5744 million euros, 11.1065 million euros, and 15.0819 million euros for the years 2018, 2019, and 2020 respectively[111]. - The total number of shares decreased by 4,594,987 due to the repurchase and cancellation of shares related to unmet performance commitments[192]. - The company repurchased and canceled 4,594,987 shares due to unmet performance commitments from the acquisition of Linyi Jinzhen Investment Holdings Co., Ltd., resulting in a total share reduction[198].

Financial Performance - The company's operating revenue for Q1 2020 was ¥2,591,778,373.64, a decrease of 40.95% compared to ¥4,389,379,138.74 in the same period last year[9] - The net profit attributable to shareholders was ¥26,080,852.94, down 90.49% from ¥274,153,787.94 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥19,962,935.83, a decline of 92.38% compared to ¥262,045,430.36 in the previous year[9] - Basic and diluted earnings per share were both ¥0.010, down 87.50% from ¥0.08 in the previous year[9] - Operating revenue decreased by 40.95% compared to the same period last year, primarily due to the significant impact of the COVID-19 pandemic[20] - Operating costs decreased by 41.30% compared to the same period last year, reflecting the decline in operating revenue[20] - Research and development expenses decreased by 62.36% compared to the same period last year, indicating a reduction in R&D investment[20] - Operating profit for Q1 2020 was CNY 49,370,675.51, a decrease from CNY 317,537,318.70 in the same period last year[42] - Net profit for Q1 2020 was CNY 32,981,867.02, down from CNY 261,613,503.64 in the previous year[42] - The total comprehensive income for Q1 2020 was CNY 32,560,466.11, compared to CNY 245,080,993.44 in the same period last year[43] Cash Flow - The net cash flow from operating activities was -¥796,543,266.24, an improvement of 42.52% from -¥1,385,871,960.12 in the same period last year[9] - Net cash flow from operating activities improved by 589,328,693.88 yuan compared to the same period last year, as the decline in cash paid for operating activities was greater than the decline in cash received[22] - Total cash inflow from operating activities was 2,973,749,957.83 yuan, down from 4,184,794,287.22 yuan, representing a decrease of 29%[48] - Cash outflow for purchasing goods and services was 3,194,477,233.17 yuan, compared to 4,883,708,955.48 yuan in the previous period, a decrease of 34.6%[48] - Cash inflow from financing activities was 1,858,158,544.30 yuan, an increase of 40% from 1,328,057,805.56 yuan in the previous period[51] - The net cash flow from financing activities was 1,008,014,658.72 yuan, up from 938,094,762.07 yuan, showing a growth of 7.7%[51] - The ending balance of cash and cash equivalents was 406,963,117.74 yuan, down from 1,549,913,126.42 yuan, a decline of 73.8%[51] - Cash outflow for employee payments was 258,934,616.65 yuan, slightly lower than 271,839,000.93 yuan in the previous period, a decrease of 4.5%[50] - Cash outflow for taxes paid was 11,685,084.27 yuan, significantly lower than 146,632,717.52 yuan, a decrease of 92%[50] - The cash flow from investment activities was -697,832,279.97 yuan, worsening from -304,420,958.38 yuan, indicating a 129% increase in cash outflow[50] - The cash flow from operating activities netted a total of -940,045,618.90 yuan, compared to -1,065,481,401.30 yuan, reflecting a 11.8% improvement[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥21,822,008,920.51, down 4.29% from ¥22,801,048,957.64 at the end of the previous year[9] - Current assets decreased to CNY 10,632,073,459.84 from CNY 11,026,926,548.90[35] - Total liabilities increased to CNY 11,945,997,863.05 from CNY 11,083,601,284.50[34] - Non-current assets totaled CNY 9,251,562,504.59, slightly down from CNY 9,263,304,699.78[34] - Short-term borrowings rose to CNY 4,165,327,116.11 from CNY 3,114,721,722.20[34] - The total amount of accounts receivable stood at CNY 894.16 million, highlighting the company's credit exposure[56] - The company reported a significant amount of inventory at CNY 5.61 billion, indicating a strong stock position[56] - The company has a long-term investment of CNY 99.77 million, indicating its commitment to strategic investments[56] Shareholder Information - The net assets attributable to shareholders were ¥9,817,726,496.79, an increase of 0.81% from ¥9,738,516,305.43 at the end of the previous year[9] - The total number of shareholders at the end of the reporting period was 76,862[13] - The total equity attributable to shareholders of the parent company was CNY 9,817,726,496.79, compared to CNY 9,738,516,305.43[35] - The company reported a net profit of CNY 4,167,587,996.62 in retained earnings, up from CNY 4,087,562,039.09[35] Financial Standards and Reporting - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[60] - The company has not yet audited the first quarter report, indicating a potential area for future scrutiny[60]

Financial Performance - The company's operating revenue for Q1 2020 was ¥2,591,778,373.64, a decrease of 40.95% compared to ¥4,389,379,138.74 in the same period last year[9] - The net profit attributable to shareholders was ¥26,080,852.94, down 90.49% from ¥274,153,787.94 year-on-year[9] - Basic earnings per share decreased by 87.50% to ¥0.01 from ¥0.08 in the same period last year[9] - Operating revenue decreased by 40.95% compared to the same period last year, primarily due to the significant impact of the COVID-19 pandemic[21] - Operating profit for Q1 2020 was CNY 49,370,675.51, a decrease from CNY 317,537,318.70 in the previous period[45] - Net profit for Q1 2020 was CNY 32,981,867.02, down from CNY 261,613,503.64 in the previous period, representing a decline of approximately 87.4%[45] - Total operating revenue for Q1 2020 was CNY 481,067,680.59, compared to CNY 1,849,015,058.99 in the previous period[48] - The total comprehensive income for Q1 2020 was CNY 35,810,970.97, down from CNY 245,080,993.44 in the previous period[46] Cash Flow - The net cash flow from operating activities was -¥796,543,266.24, an improvement of 42.52% compared to -¥1,385,871,960.12 in the previous year[9] - Net cash flow from operating activities improved by 589,328,693.88 yuan compared to the same period last year, as the decline in cash paid for operating activities was greater than the decline in cash received[23] - Total cash inflow from operating activities was 2,973,749,957.83 yuan, compared to 4,184,794,287.22 yuan in the previous period, reflecting a decrease of approximately 29%[51] - Cash outflow from operating activities totaled 3,770,293,224.07 yuan, down from 5,570,666,247.34 yuan, representing a decrease of about 32%[53] - Cash flow from investing activities was -697,832,279.97 yuan, worsening from -304,420,958.38 yuan in the previous period[54] - Cash inflow from financing activities was 1,858,158,544.30 yuan, an increase from 1,328,057,805.56 yuan, showing a growth of approximately 40%[54] - The net cash flow from financing activities was 1,008,014,658.72 yuan, compared to 938,094,762.07 yuan in the previous period, indicating a slight increase[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥21,513,520,056.17, a decrease of 4.53% from ¥22,534,323,298.87 at the end of the previous year[9] - Current assets totaled CNY 10,036,993,719.04, down from CNY 10,425,433,310.50 at the end of 2019, reflecting a decrease of approximately 3.73%[40] - Total liabilities amounted to CNY 10,866,739,616.22, an increase from CNY 10,000,420,229.12, indicating a rise of about 8.66%[37] - Non-current assets totaled CNY 9,361,301,390.10, slightly down from CNY 9,432,825,498.33, representing a decrease of approximately 0.76%[36] - The company’s total assets were CNY 21,513,520,056.17, down from CNY 22,534,323,298.87, indicating a decrease of about 4.5%[38] - The ending balance of cash and cash equivalents was 406,963,117.74 yuan, down from 1,549,913,126.42 yuan, reflecting a significant decrease of about 74%[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 76,862[12] - The largest shareholder, Linyi Kingenta Investment Holding Co., Ltd., held 35.20% of the shares, amounting to 1,156,631,529 shares[12] - The company’s total equity attributable to shareholders was CNY 10,585,419,939.35, slightly up from CNY 10,556,568,610.56, reflecting an increase of about 0.27%[38] - Shareholders' equity totaled CNY 12.53 billion, with CNY 4.88 billion in undistributed profits and CNY 3.29 billion in share capital[60] Operational Costs and Expenses - Operating costs decreased by 41.30% compared to the same period last year, reflecting the decline in operating revenue[21] - Research and development expenses decreased by 62.36% compared to the same period last year, indicating a reduction in R&D investment[21] - The company paid 1,209,868,431.78 yuan for purchasing goods and services, a decrease from 3,034,947,849.01 yuan, indicating a reduction of approximately 60%[56] - The company incurred 258,934,616.65 yuan in employee compensation, down from 271,839,000.93 yuan, showing a decrease of about 5%[53] Government Support - The company received government subsidies amounting to ¥8,001,126.27 during the reporting period[10] - The company reported a significant decrease in other income and operating income, reflecting reduced government subsidies related to operational activities[21] Financial Reporting and Standards - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[64] - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[64]

Financial Performance - Operating revenue for the reporting period was CNY 3,356,144,764.56, down 55.15% year-on-year, with year-to-date revenue of CNY 11,133,119,530.21, a decrease of 47.62%[10] - Net profit attributable to shareholders for the reporting period was CNY 56,127,807.17, a decline of 51.94%, with year-to-date net profit of CNY 485,362,076.22, down 49.15%[10] - Basic earnings per share for the reporting period were CNY 0.02, a decrease of 50.00% compared to the same period last year[10] - The net profit after deducting non-recurring gains and losses for the reporting period was CNY 42,185,645.14, down 62.66% year-on-year[10] - Total operating revenue for Q3 2019 was CNY 3,356,144,764.56, a decrease of 55.16% compared to CNY 7,482,618,484.87 in the same period last year[54] - Net profit for Q3 2019 was CNY 33,446,466.72, a decline of 61.00% from CNY 85,893,479.48 in Q3 2018[55] - The company reported a total profit of ¥546,961,393.24 for the year-to-date period, down from ¥1,292,639,163.80, which is a decline of about 57.6%[61] - The net profit for Q3 2019 was CNY 393,669,471.84, a significant decrease from CNY 1,148,280,216.79 in the same period last year, representing a decline of approximately 65.7%[65] Cash Flow - The net cash flow from operating activities was CNY 72,082,577.07, down 87.55% year-on-year, with a year-to-date cash flow of CNY -459,816,938.69, a decline of 323.38%[10] - The net cash flow from operating activities decreased by 665,661,372.86 RMB compared to the same period last year, mainly due to a larger decrease in cash inflows than outflows[26] - The cash flow from operating activities showed a net outflow of CNY 459,816,938.69 in Q3 2019, contrasting with a net inflow of CNY 205,844,434.17 in Q3 2018[69] - The net cash flow from operating activities was -1,387,897,953.86 CNY, compared to -235,691,850.42 CNY in the same period last year, indicating a significant decline in operational cash generation[73] - Cash outflow from operating activities totaled 5,571,498,550.09 CNY, compared to 14,643,744,401.75 CNY in the previous year, showing a reduction in cash expenses[73] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,281,382,811.55, a decrease of 1.45% compared to the end of the previous year[10] - The company's current assets totaled CNY 13.11 billion, down from CNY 14.47 billion, indicating a decrease of about 9.43% year-over-year[44] - The total liabilities decreased to CNY 9.35 billion from CNY 10.11 billion, marking a reduction of about 7.51%[46] - The company's total liabilities decreased to CNY 10,416,060,194.36 from CNY 11,277,705,433.58, representing a reduction of 7.66%[52] - The company's total equity stood at 12,499,534,266.00 CNY, reflecting a stable capital structure[79] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,123[14] - The largest shareholder, Linyi Kingenta Investment Holding Co., Ltd., held 36.20% of the shares, with 1,189,449,513 shares pledged[14] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[18] Research and Development - R&D expenses decreased by 46.83% year-on-year, reflecting reduced investment in research and development[24] - Research and development expenses for Q3 2019 were CNY 63,684,750.72, significantly lower than CNY 303,944,814.11 in the previous year, indicating a decrease of 79.01%[54] - Research and development expenses for the year-to-date period were ¥216,954,425.01, a reduction from ¥408,001,468.76, indicating a decrease of approximately 46.8%[59] Other Financial Metrics - Other income increased by 2,517.65% year-on-year, mainly due to an increase in government subsidies related to operating activities[24] - The company's tax payable increased by 56.57% compared to the beginning of the year, mainly due to an increase in value-added tax payable[21] - The company incurred financial expenses of ¥24,519,727.74 for the year-to-date period, compared to a financial income of -¥4,722,358.65 in the previous year[59] - The company reported an asset impairment loss of ¥21,964,596.79 for the year-to-date period, compared to a loss of ¥8,522,102.87 in the previous year[61] Inventory and Receivables - The company's accounts receivable increased by 122.46% compared to the beginning of the year, primarily due to increased receivables from subsidiaries in Germany and investment companies[21] - The inventory increased significantly to CNY 4.35 billion, up from CNY 3.48 billion, reflecting a growth of approximately 24.83%[44] - The accounts receivable increased significantly to CNY 1.26 billion, up from CNY 566.68 million, representing a growth of approximately 122.36%[44] Financial Stability - The company's long-term payables increased by 58.84% compared to the beginning of the year, primarily due to increases from its German subsidiary[21] - The company has implemented new financial instrument standards, affecting the classification of financial assets and liabilities[86] - The company has not undergone an audit for the third quarter report, which may affect investor confidence[88]