Financial Performance - The company's operating revenue for 2022 was ¥2,707,716,446.66, representing a 13.48% increase compared to ¥2,386,063,733.76 in 2021[22]. - The net profit attributable to shareholders for 2022 was ¥11,094,692.97, a decrease of 27.63% from ¥15,331,571.15 in 2021[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 120.30% to ¥8,116,425.54 from ¥3,684,222.77 in 2021[22]. - The cash flow from operating activities for 2022 was ¥121,233,058.01, up 46.43% from ¥82,794,407.72 in 2021[22]. - The total assets at the end of 2022 were ¥1,625,807,207.99, a 2.16% increase from ¥1,591,474,878.98 at the end of 2021[22]. - The net assets attributable to shareholders at the end of 2022 were ¥91,626,473.71, reflecting a 13.47% increase from ¥80,749,050.49 at the end of 2021[22]. - The basic earnings per share for 2022 were ¥0.0292, down 27.54% from ¥0.0403 in 2021[22]. - The weighted average return on equity for 2022 was 12.86%, a decrease of 8.12% from 20.98% in 2021[22]. - The company reported a net profit of -51,238,342.98 CNY, with cumulative distributable profits at -564,479,918.86 CNY by year-end[140]. - The company did not distribute profits or increase capital reserves in 2022 due to negative distributable profits[141]. Revenue and Sales - The company's total revenue for 2022 was 297.83 million, a decrease from 1,164.73 million in 2021, reflecting a decline of approximately 74.4%[29]. - The agricultural machinery segment accounted for 97.92% of total revenue, with sales amounting to CNY 2,651,315,376.5, reflecting a growth of 15.82% year-on-year[52]. - The circulation sales model accounted for 89.30% of total sales, with revenue of CNY 2,417,962,175, reflecting a 15.26% increase year-on-year[54]. - The Northwest region generated CNY 1,042,863,551 in revenue, marking a significant year-on-year increase of 41.09%[54]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year, representing a growth of 15% compared to the previous year[170]. Business Strategy and Operations - The company operates two main business segments: agricultural machinery chain sales services and high-end specialty agricultural machinery R&D and manufacturing[34]. - The company is actively pursuing a strategy of integrating local agricultural machinery dealers to enhance market competitiveness and expand its distribution network[44]. - The company is implementing a "multi-category, premium brand, and specialization" strategy to diversify its product offerings and enhance service capabilities[47]. - The company has established a new strategic framework called "One Body, Two Wings," focusing on high-end agricultural machinery manufacturing as its main business[86]. - The company plans to integrate and acquire leading specialized agricultural machinery manufacturers in the next three to five years, enhancing its sales and service network while promoting new products from acquired companies[87]. Research and Development - Research and development expenses increased by 15.95% to CNY 5,605,123.75, reflecting a commitment to innovation[62]. - The number of R&D personnel increased to 33 in 2022, a rise of 26.92% from 26 in 2021, with a higher proportion of personnel holding bachelor's degrees[65]. - The company has committed to investing 100 million RMB in research and development for new technologies in the upcoming year[171]. Market Trends and Opportunities - The agricultural machinery demand in China is experiencing rapid growth, with the comprehensive mechanization rate exceeding 72% in 2022[33]. - The agricultural machinery industry in China is entering a new phase, driven by national policies and technological advancements, presenting new opportunities for growth[33]. - Future market demand for agricultural machinery is anticipated to grow due to increasing grain production and prices, alongside policies encouraging the replacement of outdated machinery[83]. - The agricultural machinery market is expected to undergo structural adjustments, with trends towards fragmentation, mechanization of economic crops, and a dual focus on large and small machinery[91]. Governance and Compliance - The company has maintained compliance with corporate governance regulations, ensuring that all shareholders, especially minority shareholders, have equal rights and opportunities to participate in decision-making[96]. - The company operates independently from its controlling shareholder, ensuring no conflicts of interest or financial misappropriation occur[98]. - The company has established a fair and effective performance evaluation and incentive mechanism for senior management, combining base salary with annual performance assessment[101]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[103]. - The audit committee oversees the implementation of internal and external audit processes, enhancing governance standards[104]. Employee and Workforce Management - The total number of employees at the end of the reporting period was 1,077, with 1,051 from major subsidiaries[134]. - The company employed 366 sales personnel, 246 technical staff, and 195 production workers, reflecting a diverse professional composition[134]. - The company has a competitive salary structure based on job value, skills, and market conditions, ensuring employee motivation[135]. - Training programs focus on practical experience and theoretical knowledge, supporting the company's operational goals[136]. - The company emphasizes internal training supplemented by external training to cultivate talent effectively[136]. Financial Commitments and Guarantees - The company reported a total guarantee amount of CNY 45 billion during the reporting period, with actual guarantee amounting to CNY 25.31 billion[194]. - The actual guarantee total represents 272.93% of the company's net assets[194]. - The company provided debt guarantees for entities with asset-liability ratios exceeding 70%, totaling CNY 3 billion[194]. - The company has a total of CNY 20.73 billion in guarantees when combining specific categories[194]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[172]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on innovative agricultural technologies[173]. - The company is expanding its market presence, targeting a 25% increase in market share in the next two years[175].

关于举行 2022 年年度报告网上业绩说明会公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或者重大遗漏承担责任。 重要内容提示： 证券代码：300022 证券简称：吉峰科技 编号：2023-024 吉峰三农科技服务股份有限公司 会 议 问 题 征集 ： 投 资者 可 于 2023 年 05 月 15 日 前访问网址 https://eseb.cn/13ZYftwRP7a 或使用微信扫描下方小程序码进行会前提问，公 司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行 回答。 吉峰三农科技服务股份有限公司（以下简称"公司"）已于 2023 年 4 月 22 日在巨潮资讯网上披露了《2022 年年度报告全文》及《2022 年年度报告摘要》。 为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定 于 2023 年 05 月 15 日（星期一）15:00-17:00 在"价值在线"（www.ir-online.cn） 举办吉峰三农科技服务股份有限公司 2022 年度网上业绩说明会，与投资者进行 沟通和交流，广泛听取投资者的意见和建议。 ...

Group 1: Company Strategy and Operations - The company plans to enhance its structural adjustments in the southern region, focusing on mergers, acquisitions, and transformations [2][3] - Current e-commerce operations target small agricultural machinery and spare parts, with future plans to expand to larger farms and rural cooperatives [2][3] - A cooperative alliance is being established, where the company invests in equipment and provides free services and information sharing, ensuring all machinery is sourced through the company [3] Group 2: Future Development and Market Trends - The company's future development strategy includes three main steps: upstream, downstream, and horizontal expansion, with a focus on acquiring internet companies related to agriculture [3][4] - The agricultural machinery market is expected to shift towards high-precision and specialized machinery, such as those for fruits and vegetables, as traditional machinery faces oversupply [4] - The company aims to strengthen its core agricultural machinery business while extending services to include training, sales, maintenance, and integrated information platforms [4]

证券代码：300022 证券简称：吉峰科技 公告编号：2022-088 吉峰三农科技服务股份有限公司 2022 年第三季度报告 吉峰三农科技服务股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 728,704,469.12 | -7.79% | 2,007,324,510.71 | 5.44% ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,278,620,041.59, representing a 14.84% increase compared to ¥1,113,405,118.66 in the same period last year[21]. - The net profit attributable to shareholders was ¥5,049,250.95, a significant turnaround from a loss of ¥5,446,568.40 in the previous year, marking a 192.71% improvement[21]. - The net cash flow from operating activities reached ¥104,437,569.21, up 339.81% from ¥23,746,327.86 in the prior year[21]. - Basic earnings per share increased to ¥0.0133 from a loss of ¥0.0143, reflecting a 193.01% improvement[21]. - Total assets at the end of the reporting period were ¥1,890,606,431.66, an 18.80% increase from ¥1,591,474,878.98 at the end of the previous year[21]. - The company's net assets attributable to shareholders rose to ¥85,411,368.02, a 5.77% increase from ¥80,749,050.49[21]. - Operating profit reached ¥43,440,498.16, reflecting a growth of 37.93% compared to the previous year[34]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥4,185,872.30 compared to a loss of ¥6,936,191.41 in the previous year, a 160.35% improvement[21]. - The weighted average return on net assets improved to 6.09% from -8.66% in the previous year, an increase of 14.75%[21]. Business Segments and Strategy - The company operates two main business segments: circulation and manufacturing[28]. - The company is actively expanding its market presence and optimizing product structure under the "one body, two wings" strategic framework[34]. - The agricultural machinery market is experiencing a shift towards high-end, intelligent, and energy-efficient products, presenting new growth opportunities[33]. - The company plans to enhance its new business development efforts to capture opportunities arising from the national rural revitalization strategy, focusing on comprehensive mechanization projects[61]. - The company has identified a new strategic framework called "one body and two wings," which includes a high-end manufacturing segment, a machinery distribution segment, and an innovative service segment[61]. - The company aims to enhance its existing agricultural machinery distribution business and strengthen its service network in county and township areas[108]. Research and Development - Research and development investment surged by 219.15% to ¥1,144,011.96, indicating a strong focus on innovation[40]. - The company plans to increase its investment in research and development by 10% in the upcoming fiscal year[158]. Financial Management - The financial expenses decreased by 19.17% to ¥21,087,068.67, attributed to better management of financing costs[40]. - The company maintains a prudent operating strategy, ensuring compliance with debt obligations to minimize operational and financial risks[78]. - The company emphasizes the importance of investor protection and corporate governance, adhering to relevant laws and regulations[75]. Market Risks and Challenges - The company faces risks related to market and policy changes, including potential declines in user purchasing power due to falling grain prices and reduced subsidies[61]. - The company has experienced disruptions in production and logistics due to the COVID-19 pandemic, impacting its ability to procure products and deliver them on time[62]. Corporate Governance and Social Responsibility - The company is committed to social responsibility and actively supports public welfare initiatives while pursuing wealth creation[74]. - The company emphasizes the protection of investors' rights, particularly for small and medium-sized investors, ensuring effective communication through various channels[77]. - There are no overdue commitments or non-operating fund occupations by major shareholders or related parties during the reporting period[83][84]. - The company has not engaged in any violations regarding external guarantees during the reporting period[85]. Shareholder Information - The total number of shares is 380,240,000, with 100% ownership[116]. - The company has maintained a stable shareholding structure, with no changes in the number of restricted shares held by major shareholders[117]. - The company has not reported any major changes in the performance of significant contracts during the reporting period[106]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the reporting period were ¥387,458,348.82, representing 20.49% of total assets[48]. - The company reported a significant increase in contract liabilities to ¥169,984,345.54 from ¥73,644,242.23, reflecting a growth of approximately 130%[133]. - The cash inflow from sales of goods and services was CNY 1,325,296,772.47, up from CNY 1,220,940,608.42 in the first half of 2021, marking an increase of approximately 8.6%[146]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern principle, indicating a history of profitable operations and financial resources to support ongoing activities[171]. - The accounting policies comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[173]. - The company has implemented specific accounting policies for revenue recognition, inventory measurement, and fixed asset depreciation, tailored to its operational characteristics[172].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,278,620,041.59, representing a 14.84% increase compared to ¥1,113,405,118.66 in the same period last year[21]. - The net profit attributable to shareholders was ¥5,049,250.95, a significant turnaround from a loss of ¥5,446,568.40 in the previous year, marking a 192.71% improvement[21]. - The net cash flow from operating activities reached ¥104,437,569.21, up 339.81% from ¥23,746,327.86 in the prior year[21]. - Basic earnings per share increased to ¥0.0133 from a loss of ¥0.0143, reflecting a 193.01% improvement[21]. - Total assets at the end of the reporting period were ¥1,890,606,431.66, an 18.80% increase from ¥1,591,474,878.98 at the end of the previous year[21]. - The weighted average return on equity improved to 6.09% from -8.66% in the same period last year, a 170.32% increase[21]. - Operating profit reached ¥43,440,498.16, reflecting a growth of 37.93% compared to the previous year[34]. - The total profit margin for the first half of 2022 was approximately 3.2%, up from 1.5% in the first half of 2021[141]. - The company reported a net profit of 163.7 million yuan for the first half of 2022, compared to a net profit of 225.0 million yuan in the same period of 2021, reflecting a decrease of approximately 27.3%[164]. Business Segments and Strategy - The company operates primarily in two business segments: circulation and manufacturing[28]. - The company is actively expanding its market presence and optimizing product structure under the "one body, two wings" strategic framework[34]. - The agricultural machinery market is experiencing a shift towards high-end, intelligent, and energy-efficient products, presenting new growth opportunities[33]. - The company has identified a new strategic framework called "one body and two wings," which includes a high-end manufacturing segment, a machinery distribution segment, and an innovative service segment[64]. - The company plans to enhance its new business development efforts to capture opportunities arising from the national rural revitalization strategy, focusing on comprehensive mechanization projects[64]. - The company aims to enhance its existing agricultural machinery distribution business and strengthen its service network at the county and township levels[108]. Research and Development - Research and development investment surged by 219.15% to ¥1,144,011.96, indicating a strong focus on innovation[40]. - Research and development expenses rose significantly to ¥1,144,011.96, compared to ¥358,452.82 in the first half of 2021, indicating a focus on innovation[140]. - The company aims to expand its market presence and enhance product offerings through ongoing research and development initiatives[140]. Financial Management - Financial expenses decreased by 19.17% to ¥21,087,068.67, reflecting better management of financing costs[40]. - The company maintains a prudent operating strategy, ensuring compliance with debt obligations to minimize operational and financial risks[78]. - The company has committed to strengthening the management of its subsidiaries and tracking their operational status to mitigate risks associated with inventory and goodwill impairment[64]. Market and Operational Challenges - The company faces risks related to market and policy changes, including potential declines in user purchasing power due to falling grain prices and reduced agricultural machinery subsidies[64]. - The company has experienced disruptions in production and logistics due to the COVID-19 pandemic, impacting its ability to procure products and deliver them on time[62]. - Future performance guidance indicates a cautious outlook due to market uncertainties, with a focus on maintaining profitability[154]. Shareholder and Equity Information - The total number of shares is 380,240,000, representing 100% of the company's shares[116]. - The total number of shareholders at the end of the reporting period is 33,291[118]. - The company has not distributed cash dividends or conducted stock bonus plans for the first half of 2022[70]. - Major shareholder Wang Xinming holds 10,710,048 shares, accounting for 11.27% of total shares[120]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[123]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the reporting period were ¥387,458,348.82, constituting 20.49% of total assets, compared to 20.06% at the end of the previous year[48]. - The company reported a net increase in cash and cash equivalents of CNY 8,370,115.82, contrasting with a decrease of CNY -21,696,877.17 in the same period last year[148]. - The company’s cash inflow from sales of goods and services was CNY 1,325,296,772.47, an increase from CNY 1,220,940,608.42 in the first half of 2021, reflecting a growth of about 8.6%[146]. Legal and Compliance - The company reported no significant litigation or arbitration matters during the reporting period[88]. - The company has a total of 113.47 million yuan involved in ongoing litigation related to a contract dispute[89]. - The company emphasizes the protection of investors' rights, particularly for small and medium-sized investors, ensuring effective communication through various channels[77]. Corporate Governance - The company adheres to labor laws and regulations, ensuring all employees have signed labor contracts and receive mandatory social insurance[79]. - There were no overdue commitments or non-operating fund occupation by major shareholders during the reporting period[83][84]. - The company has not disclosed any major contracts or their execution status during the reporting period[98]. Accounting and Financial Reporting - The financial report for the first half of 2022 has not been audited[130]. - The company adheres to the accounting policies and estimates as per the relevant accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[174]. - The company’s financial reporting includes all controlled subsidiaries, with necessary adjustments made for any inconsistencies in accounting policies or periods[181].

Financial Performance - The company's operating revenue for 2021 was ¥2,386,063,733.76, a decrease of 4.44% compared to ¥2,496,984,037.68 in 2020[22]. - The net profit attributable to shareholders in 2021 was ¥15,331,571.15, a significant increase of 194.71% from a loss of ¥16,188,402.07 in 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,684,222.77, improving by 113.42% from a loss of ¥27,449,937.60 in 2020[22]. - The net cash flow from operating activities was ¥82,794,407.72, down 37.16% from ¥131,754,656.74 in 2020[22]. - The total assets at the end of 2021 were ¥1,591,474,878.98, a decrease of 2.69% from ¥1,635,528,810.90 at the end of 2020[22]. - The net assets attributable to shareholders increased by 23.47% to ¥80,749,050.49 at the end of 2021, compared to ¥65,397,306.15 at the end of 2020[22]. - The company achieved a total operating revenue of ¥2,386,063,733.76 in 2021, a decrease of 4.44% compared to the previous year[42]. - The net profit for 2021 was ¥56,577,038.73, representing a significant increase of 176.62% year-over-year[42]. - The company’s total assets decreased by 29.13% in accounts receivable, amounting to ¥301,851,580.24[42]. - The company’s inventory increased by 30.00%, reaching ¥473,529,023.22[42]. - The company’s gross profit margin improved due to liquidity support of ¥390 million provided by the controlling shareholder[39][46]. - The company reported a total distributable profit of -513,241,575.88 CNY for the year 2021, indicating a loss[152]. - The cash dividend amount for the year was 0 CNY, with a cash dividend ratio of 0.00%[152]. - The company did not distribute profits or increase capital reserves in 2021 due to negative distributable profits[150]. Market Challenges and Opportunities - The company reported a significant impact from the reduction in agricultural machinery purchase subsidies, which could adversely affect sales revenue and profitability if product adjustments do not align with national policy directions[6]. - The ongoing COVID-19 pandemic has created uncertainties, affecting logistics and supply chains, which in turn has hindered the company's ability to procure products and deliver them on time[8]. - The company is facing challenges due to macroeconomic downturns and a prolonged adjustment phase in the agricultural machinery market since 2015[9]. - The company is positioned in a favorable macro environment for agricultural machinery, with government policies supporting the industry and promoting modernization[34]. - The agricultural machinery sector is expected to benefit from ongoing government subsidies and support for equipment upgrades and modernization initiatives[34]. - The company has identified key areas for market expansion, including high-tech agricultural machinery and integrated services along the agricultural industry chain[9]. - The company plans to enhance its business expansion efforts by leveraging opportunities from the national rural revitalization strategy, focusing on mechanization projects in rural areas[9]. Strategic Initiatives - The new strategic framework "One Body, Two Wings" will focus on high-end specialty manufacturing as the main business, with plans to integrate upstream "specialized and innovative" enterprises through equity participation[9]. - The company aims to strengthen its existing agricultural machinery distribution business and enhance service networks at the county and township levels[9]. - The company plans to enhance its research and development capabilities for high-end intelligent agricultural machinery and equipment suitable for hilly areas, as indicated by national policies[34]. - The company is actively pursuing mergers and acquisitions in the agricultural machinery sector to integrate high-end products and core components[46]. - The company plans to enhance its market presence by expanding its dealer network in rural areas, focusing on face-to-face marketing[45]. - The company has initiated the development of a high-efficiency tillage machine to address challenges in harsh agricultural conditions[72]. - The company plans to launch a new 2BX-25 type wheat seeder to meet diverse market demands and enhance market share[72]. - The company is investing in the development of new technologies aimed at enhancing agricultural efficiency, with a budget allocation of 5 million for R&D in 2022[120]. - Market expansion plans include entering two new provinces in China by the end of 2022, targeting a 15% increase in market share[120]. Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its management team, ensuring accountability for any misrepresentation[4]. - The company strictly adheres to relevant laws and regulations, ensuring compliance with corporate governance standards and maintaining a sound governance structure[101]. - The board of directors consists of 6 members, including 3 independent directors, meeting the legal requirements for board composition[105]. - The company held 21 board meetings during the reporting period, ensuring thorough documentation and adherence to governance protocols[105]. - The supervisory board conducted 9 meetings, effectively overseeing major transactions and financial compliance[106]. - The company has established a performance evaluation and incentive mechanism for senior management, combining base salary with annual performance assessments[107]. - The company maintains independent operations from its controlling shareholder, ensuring no interference in decision-making or resource allocation[104]. - The company has implemented a comprehensive internal control system to manage risks and ensure operational efficiency[110]. - The company has not encountered any significant governance issues or regulatory actions from supervisory authorities during the reporting period[101]. - The company emphasizes the protection of stakeholders' rights and interests, fostering collaboration and communication with various parties[111]. Employee and Management - The company had a total of 972 employees at the end of the reporting period, with 215 in production, 264 in sales, 202 in technology, 104 in finance, and 187 in administration[143]. - The employee training program included topics such as corporate culture, management processes, and product maintenance skills[148]. - The company has implemented a competitive salary system based on market conditions and job responsibilities, including various compensation structures for different roles[145]. - The company has appointed new senior management personnel to strengthen its leadership team, ensuring effective execution of its strategic initiatives[123]. - The company’s management team includes a mix of long-serving and newly appointed members, suggesting continuity and change in leadership[116]. Research and Development - Research and development (R&D) expenditure amounted to ¥4,834,015.11 in 2021, representing 0.20% of operating revenue, slightly down from 0.21% in 2020[74]. - The number of R&D personnel increased to 26 in 2021, a growth of 4.00% from 25 in 2020, with the proportion of R&D staff to total employees rising to 2.67%[74]. - The company invested in R&D projects, including a precision seeder aimed at improving crop yields, with an expected output value of 500 million and tax revenue of 100 million[72]. Shareholder Engagement - The company held six temporary shareholder meetings during the reporting period, with the highest investor participation rate of 25.53% on June 25, 2021[114]. - The first temporary shareholder meeting had a participation rate of only 1.68% on February 8, 2021, indicating low initial engagement[114]. - The second temporary shareholder meeting on April 30, 2021, saw a significant increase in participation to 24.01%[114]. - The company has maintained effective communication channels with investors, ensuring transparency and protecting the rights of minority shareholders[170]. Future Outlook - Future outlook includes a projected revenue growth of 10% for 2022, driven by new product launches and market expansion strategies[119]. - A new product line focused on smart farming solutions is set to launch in Q3 2022, expected to contribute an additional 2 million in revenue[120].

Financial Performance - The company's operating revenue for Q1 2022 was ¥468,198,273.11, representing a 31.12% increase compared to ¥357,085,147.02 in the same period last year[4] - The net profit attributable to shareholders was -¥2,084,292.09, an improvement of 48.51% from -¥4,047,900.54 year-on-year[4] - Total operating revenue for Q1 2022 was CNY 468,198,273.11, an increase of 31.1% compared to CNY 357,085,147.02 in Q1 2021[32] - Net profit for Q1 2022 was CNY 4,318,301.89, compared to CNY 3,530,021.28 in Q1 2021, reflecting a growth of 22.3%[33] - The company reported a loss attributable to the parent company of CNY -2,084,292.09 for Q1 2022, an improvement from CNY -4,047,900.54 in Q1 2021[33] - Total assets increased to CNY 1,930,180,018.98 in Q1 2022 from CNY 1,591,474,878.98 in Q1 2021, representing a growth of 21.3%[30] - Total liabilities rose to CNY 1,590,677,724.48 in Q1 2022, compared to CNY 1,260,134,495.46 in Q1 2021, marking an increase of 26.2%[30] Cash Flow - The net cash flow from operating activities increased by 49.11% to ¥65,262,387.56, up from ¥43,768,221.38 in the previous year[4] - Cash flow from operating activities for Q1 2022 was CNY 669,124,752.04, compared to CNY 634,112,893.84 in Q1 2021[36] - Total cash inflow from operating activities amounted to ¥675,430,746.40, while cash outflow was ¥610,168,358.84, resulting in a net cash inflow[37] - Cash flow from investing activities generated a net inflow of ¥6,122,953.24, compared to a net inflow of ¥506,524.85 in the same period last year[38] - The company received cash from financing activities totaling ¥60,768,220.49, while cash outflow was ¥135,082,214.84, leading to a net cash outflow of ¥74,313,994.35[38] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,930,180,018.98, a 21.28% increase from ¥1,591,474,878.98 at the end of the previous year[4] - The company’s total non-current assets were CNY 294,015,529.37 in Q1 2022, a slight decrease from CNY 298,352,972.22 in Q1 2021[30] - The company’s total equity increased to CNY 339,502,294.50 in Q1 2022 from CNY 331,340,383.52 in Q1 2021, reflecting a growth of 2.5%[30] Research and Development - Research and development expenses surged by 1414.75% to ¥454,424.90, indicating a significant increase in R&D investment[12] - Research and development expenses for Q1 2022 were CNY 454,424.90, significantly higher than CNY 30,000.00 in Q1 2021, indicating a focus on innovation[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,955[20] - The top shareholder, Wang Xinming, holds 11.27% of the shares, amounting to 42,840,191 shares, with a significant portion pledged[20] - The total number of restricted shares held by Wang Xinming remains at 32,130,143 shares, locked due to executive restrictions[23] Strategic Initiatives - The company has established a new strategic framework called "One Body, Two Wings," focusing on high-end manufacturing and agricultural machinery distribution[24] - The company aims to enhance its existing agricultural machinery distribution business while promoting new products from its high-end manufacturing segment[24] - The company plans to integrate leading "specialized, refined, distinctive, and innovative" enterprises in the agricultural machinery industry over the next three to five years[24] Inventory and Receivables - The balance of inventory increased by 61.09% to ¥762,815,055.29, reflecting higher stock levels due to increased procurement[8] - Accounts receivable decreased to approximately ¥283.78 million from ¥301.85 million, a decline of 6.0%[28] - Inventory increased significantly to approximately ¥762.82 million from ¥473.53 million, reflecting a growth of 60.9%[28] Other Financial Metrics - The weighted average return on equity improved to -2.63%, up from -6.39% in the previous year[4] - The company reported a cash balance of approximately ¥385.93 million at the end of Q1 2022, up from ¥319.29 million at the beginning of the year, representing an increase of 20.9%[28] - The company reported a significant increase in cash received from operating activities related to business operations, totaling ¥6,291,026.79[37] - The company’s cash outflow for purchasing goods and services was ¥521,939,092.09, a decrease from ¥549,530,034.30 in the previous year[37] - The company raised ¥47,972,700.00 from borrowings, compared to ¥32,490,000.00 in the previous year[38] Audit Status - The first quarter report was not audited, indicating that the figures presented are preliminary and subject to change[39]

Financial Performance - The company's operating revenue for 2021 was ¥2,386,063,733.76, a decrease of 4.44% compared to ¥2,496,984,037.68 in 2020[22]. - The net profit attributable to shareholders in 2021 was ¥15,331,571.15, a significant increase of 194.71% from a loss of ¥16,188,402.07 in 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,684,222.77, improving by 113.42% from a loss of ¥27,449,937.60 in 2020[22]. - The net cash flow from operating activities was ¥82,794,407.72, down 37.16% from ¥131,754,656.74 in 2020[22]. - The total assets at the end of 2021 were ¥1,591,474,878.98, a decrease of 2.69% from ¥1,635,528,810.90 at the end of 2020[22]. - The net assets attributable to shareholders increased by 23.47% to ¥80,749,050.49 from ¥65,397,306.15 at the end of 2020[22]. - In Q4 2021, the company reported a net profit of ¥18,901,056.89, compared to a loss in the previous quarters[24]. - The company achieved a total operating revenue of ¥2,386,063,733.76 in 2021, a decrease of 4.44% compared to the previous year[42]. - The net profit for 2021 was ¥56,577,038.73, representing a significant increase of 176.62% year-over-year[42]. - The company’s total assets decreased by 29.13% in accounts receivable, amounting to ¥301,851,580.24[42]. - The company’s inventory increased by 30.00%, reaching ¥473,529,023.22[42]. - The company reported a total distributable profit of -513,241,575.88 CNY for the year 2021, indicating a loss[153]. - The cash dividend amount for the year was 0 CNY, representing 0.00% of the total profit distribution[153]. Market Conditions and Strategic Focus - The company reported a significant impact from the reduction in agricultural machinery purchase subsidies, which could adversely affect sales revenue and profitability if product adjustments do not align with national policy directions[6]. - The agricultural machinery market has been in a downward adjustment since 2015, which poses challenges for business expansion amid a global economic downturn[9]. - The company has identified a strong demand for agricultural machinery, transitioning from non-rigid to rigid demand in the market[33]. - The government has introduced favorable policies for the agricultural machinery industry, indicating a stable macro environment for growth[34]. - The company plans to enhance its business expansion efforts by leveraging opportunities from the national rural revitalization strategy, focusing on comprehensive mechanization projects[9]. - The company plans to strengthen brand partnerships and expand its distribution network to stabilize revenue and improve profitability[43]. - The company is focusing on mergers and acquisitions in the agricultural machinery sector to enhance its manufacturing capabilities and profitability[46]. - The company has set a strategic focus for 2022 on "activating mechanisms, strengthening circulation, expanding mergers, and increasing market value"[48]. - The company is considering strategic acquisitions to bolster its product offerings and enhance competitive positioning in the agricultural sector[120]. Research and Development - The company is focusing on enhancing its research and development capabilities for high-end intelligent agricultural machinery and equipment suitable for hilly areas[34]. - The company invested in R&D projects, including a precision seeder aimed at increasing crop yields, with an expected output value of 500 million and tax revenue of 100 million[72]. - The company plans to launch a new 2BX-25 type wheat seeder to meet diverse market demands and enhance market share[72]. - The company has initiated the development of a high-efficiency disc harrow to address challenges in harsh agricultural conditions[72]. - The focus on research and development is expected to increase by 25% in the upcoming fiscal year, emphasizing innovation in agricultural technology[120]. - Research and development (R&D) expenditure amounted to ¥4,834,015.11, representing 0.20% of operating revenue, slightly down from 0.21% in 2020[74]. - The number of R&D personnel increased to 26 in 2021, a growth of 4.00% from 25 in 2020, with a higher proportion of staff holding bachelor's degrees[74]. Governance and Compliance - The company strictly adheres to relevant laws and regulations, ensuring compliance with corporate governance standards and maintaining a sound governance structure[101]. - The board of directors consists of 6 members, including 3 independent directors, meeting the legal requirements for board composition[105]. - The company held 21 board meetings during the reporting period, ensuring thorough documentation and adherence to governance protocols[105]. - The supervisory board, comprising 3 members, conducted 9 meetings, effectively overseeing major transactions and financial compliance[106]. - The company has established a performance evaluation and incentive mechanism for senior management, combining base salary with annual performance assessments[107]. - The company maintains transparent and timely information disclosure practices, ensuring fair access to information for all shareholders[109]. - An internal control system has been developed to manage risks and ensure operational efficiency, with an audit committee overseeing its implementation[110]. - The company emphasizes the protection of stakeholders' rights and actively engages in communication with shareholders, employees, and the community[111]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, and finances[113]. - The company has established a governance structure in compliance with the Company Law and Securities Law, enhancing decision-making fairness and ensuring sustainable operations[168]. Employee and Management - The total number of employees at the end of the reporting period was 972, with 215 in production, 264 in sales, 202 in technology, 104 in finance, and 187 in administration[144]. - The company has a focus on enhancing employee skills through a combination of internal and external training initiatives[147]. - The company has implemented a comprehensive salary system, including various compensation structures for different roles[146]. - Training programs in 2021 included topics on corporate governance, product maintenance, sales skills, and financial regulations[149]. - The company has established a welfare system that includes social insurance, housing funds, and commercial insurance[146]. - The company has a clear succession plan in place for its executive team, with several new appointments made in 2021[117]. Future Outlook - Future outlook includes a revenue growth guidance of 10% for the next fiscal year, driven by new product launches and market expansion strategies[120]. - Market expansion plans include entering new regional markets, aiming for a 15% increase in market share over the next two years[120]. - The company aims to enhance its service offerings through digital transformation initiatives, targeting a 20% increase in service-related revenue[120]. - The company has established partnerships with local agricultural cooperatives to improve distribution channels and customer reach[120]. Asset Management and Financial Commitments - The company has a liquidity support agreement with its controlling shareholder, Sichuan Tequ Education Management Co., Ltd., involving a loan of ¥20,000,000 with an interest rate of 8.00%[199]. - The company has committed to ensuring compliance with relevant laws and regulations to safeguard shareholder rights[180]. - The company has pledged to compensate for any losses incurred due to non-fulfillment of commitments by its actual controllers[179]. - The company has confirmed that it will not directly or indirectly transfer shares within 18 months following the completion of the acquisition[179]. - The company has made commitments to compensate for any losses incurred by investors due to breaches of promises related to the issuance of shares[183].

吉峰三农科技服务股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 证券代码：300022 证券简称：吉峰科技 公告编号：2021-107 吉峰三农科技服务股份有限公司 2021 年第三季度报告 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 790,284,750.27 | 9.55% | 1,903,689,868.93 | - ...