Financial Performance - The company's operating revenue for Q1 2021 was ¥294,245,563.46, representing a 66.13% increase compared to ¥177,119,593.81 in the same period last year[8]. - The net profit attributable to shareholders was -¥2,071,685.35, a decrease of 123.48% from ¥8,822,859.72 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥3,847,301.38, down 147.34% from ¥8,127,251.78 year-on-year[8]. - The basic earnings per share for the reporting period was -¥0.0048, a decline of 122.43% from ¥0.0214 in the same period last year[8]. - The diluted earnings per share for the reporting period was also -¥0.0048, reflecting the same percentage decline as basic earnings per share[8]. - The net profit for Q1 2021 was CNY -4.17 million, a decrease of CNY 0.98 million from the previous year[28]. - The net profit for the period was a loss of ¥4,174,272.06, contrasting with a net profit of ¥5,612,365.78 in the same period last year, reflecting a decline of approximately 174.4%[71]. - The total comprehensive income for the current period is -¥4,687,334.17, down from ¥12,899,338.53 in the previous period[78]. Cash Flow - The net cash flow from operating activities was -¥123,298,090.48, an improvement of 31.75% compared to -¥180,646,691.55 in the same period last year[8]. - The company's cash inflow from operating activities totaled CNY 384.88 million, up 74.23% from CNY 220.90 million in Q1 2020[24]. - The cash outflow from operating activities increased by 26.55% to CNY 508.18 million, compared to CNY 401.55 million in Q1 2020[24]. - The company reported a significant increase in cash received from investment activities, totaling ¥156,960,000.00 compared to ¥146,192,246.42 in the previous period[87]. - Net cash flow from operating activities was CNY -75,114,083.84, improving from CNY -163,666,583.76 year-over-year[92]. - Net cash flow from investment activities was CNY 20,558,725.39, a recovery from CNY -16,850,831.39 in the previous year[95]. - Financing cash inflow amounted to CNY 270,050,000.00, down from CNY 440,392,305.20 in the last period[92]. - The ending cash and cash equivalents balance was CNY 228,778,530.93, a decrease from CNY 444,376,054.14 year-over-year[92]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,311,572,621.53, a decrease of 6.51% from ¥2,472,447,760.58 at the end of the previous year[8]. - As of March 31, 2021, the total current assets amounted to ¥1,651,980,883.46, a decrease of approximately 9.75% from ¥1,830,402,617.25 as of December 31, 2020[49]. - Cash and cash equivalents decreased to ¥230,909,386.65 from ¥437,522,550.22, representing a decline of about 47.3%[49]. - The company's total liabilities decreased to ¥1,411,087,157.69 from ¥1,585,198,775.22, a decline of approximately 10.9%[55]. - Current liabilities decreased significantly to ¥1,118,400,702.33 from ¥1,531,475,816.01, a reduction of about 27.0%[55]. - Total liabilities decreased to ¥1,015,450,557.22 from ¥1,175,813,530.46, representing a decline of approximately 13.6%[65]. - The total equity attributable to shareholders increased to ¥685,494,638.48 from ¥675,300,719.30, reflecting a growth of about 1.8%[58]. Research and Development - The company's research and development expenses increased by 53.84% to CNY 13.90 million, reflecting a commitment to enhancing R&D efforts[23]. - Research and development expenses totaled ¥13,904,299.42, up from ¥9,038,309.30, marking an increase of about 54.5% year-over-year[68]. - The company plans to enhance R&D investment and accelerate the development of new varieties to meet market demand, while also improving marketing strategies and expanding sales networks[31]. - The company acknowledges risks associated with new variety development, including long cycles and high investment, and aims to ensure market-oriented R&D[31]. Market and Competition - The company has faced intensified market competition due to the implementation of the new Seed Law, leading to a significant influx of new varieties and increased inventory pressure[31]. - The company is focused on mitigating risks from potential changes in industry policies by increasing R&D investment and ensuring high-quality seed production[31]. - The company is addressing production risks related to climate sensitivity by strengthening standardized seed production bases and improving production management[31]. Shareholder and Corporate Structure - The largest shareholder, Sinochem Modern Agriculture, acquired control of the company with 127,926,927 shares, representing 29.73% of total shares after a voting rights delegation agreement[35]. - The company has established a group structure with 19 subsidiaries and 4 associated companies, necessitating improvements in management capabilities across various functions[31]. - Shareholder Jia Guilan released the pledge on 10,200,000 shares, while Zhang Qin released the pledge on 10,085,154 shares and pledged 750,000 shares[35]. - During the reporting period, the company’s vice chairman and general manager Zhang Qin reduced her holdings by 3,301,600 shares, and other executives also reduced their holdings[35]. Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[43]. - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[44]. - The company did not conduct any research, communication, or interview activities during the reporting period[45]. - The company has not undergone an audit for the first quarter report[108]. - The company has not made any adjustments related to the new leasing standards for prior comparative data[105].

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the year 2020, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was 150 million CNY, an increase of 20% compared to the previous year[18]. - The company's operating revenue for 2020 was ¥1,601,709,079.85, representing a 38.84% increase compared to ¥1,153,661,613.91 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥133,447,779.74, up 41.10% from ¥94,577,409.98 in 2019[24]. - The company achieved a revenue of 1,601.71 million yuan, representing a growth of 38.84% compared to the previous year[48]. - The net profit attributable to shareholders reached 133.45 million yuan, an increase of 41.10% year-on-year[48]. - The company reported a significant increase in costs, with agricultural costs rising by 53.01% year-on-year[92]. - The total revenue for 2020 reached ¥1,601,709,079.85, a 38.84% increase from ¥1,153,661,613.91 in 2019[88]. - The company’s agricultural production volume increased by 150.66%, reaching 486,958,970.93 kg in 2020[96]. - The company reported a net profit attributable to shareholders of RMB 133,447,779.74 for the year 2020[174]. Dividend Policy - The company plans to distribute a cash dividend of 1 CNY per 10 shares, totaling approximately 42.14 million CNY based on the adjusted share capital[6]. - The total distributable profit for the year 2020 was RMB 300,302,781.40, after deducting the legal surplus reserve and previous undistributed profits[174]. - The company proposed a cash dividend of RMB 1.00 per 10 shares, totaling RMB 42,136,583.50, with no stock dividends or capital reserve transfers planned for 2020[175]. - The cash dividend represents 100% of the total profit distribution for the year, indicating a strong commitment to returning value to shareholders[173]. - The company’s cash dividend payout ratio for 2020 was 47.02% of the net profit attributable to shareholders[178]. Research and Development - The company has invested 200 million CNY in R&D for new seed varieties and technologies in 2020, aiming to enhance product competitiveness[18]. - The company focuses on the research, breeding, promotion, and service of high-quality seeds for major crops such as rice, corn, and wheat, with a commitment to integrating research and market needs[37]. - Research and development investment from 2018 to 2020 was maintained at a high level, with amounts of 62.66 million, 55.44 million, and 56.17 million yuan respectively[37]. - The company has established partnerships with several research institutions to enhance its breeding capabilities and accelerate the commercialization of research outcomes[37]. - The company has developed a total of 242 rice varieties, 61 corn varieties, 2 wheat varieties, 6 cotton varieties, and 4 rapeseed varieties, with 125 rice varieties approved at the national level[67]. Market Expansion - The company aims to expand its market presence in Southeast Asia, targeting a 25% increase in export sales by 2022[18]. - The company is actively exploring international markets and increasing its "going out" strategy to participate in global competition[49]. - The company has established 17 rice or corn varieties that have been approved in countries such as Bangladesh, Angola, and Indonesia, laying the foundation for future sales[76]. - The company is implementing an overseas "breeding, propagation, and promotion integration" strategy, with plans to establish bases in Angola and Bangladesh[76]. - The company is expanding its market presence internationally, with significant assets in Angola, including cash and receivables totaling ¥33,499.68 and ¥4,469,777.06 respectively[54]. Risk Management - The company faces risks related to intensified market competition and changes in agricultural policies, which may impact future performance[6]. - The company is facing risks related to market fluctuations and product quality, necessitating strict quality control measures[47]. - The company has a risk-sharing mechanism in place for production losses due to natural conditions, which involves collaboration among the company, seed producers, and farmers[40]. - The company acknowledges risks associated with new variety development, including long cycles and high investment, and will focus on market-oriented research[156]. - The company is addressing production risks related to climate sensitivity by enhancing standardized seed production bases and improving management practices[159]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency and market reach[18]. - The company is implementing an "order agriculture" business model, integrating resources to enhance market competitiveness and promote seed sales[44]. - The company is actively pursuing mergers and acquisitions to accelerate its five-year strategic plan and enhance its competitive position in the seed industry[155]. - The company has initiated a refinancing plan to support its overseas agricultural seed projects[76]. - The company has implemented a five-year strategic plan to address challenges and opportunities, clarifying its future development direction[81]. Employee Engagement - The company is leveraging employee stock ownership plans to boost employee motivation and engagement[48]. - The company has implemented a stock incentive plan since 2014, significantly enhancing employee motivation and contributing to performance growth[62]. - The company launched an employee stock ownership plan covering nearly 300 key personnel to align interests and enhance performance[83]. Corporate Social Responsibility - The company donated 1 million yuan to support COVID-19 prevention efforts and contributed to poverty alleviation projects across multiple provinces[84]. - The company is committed to enhancing its industry influence and brand recognition while contributing to national food security and rural revitalization strategies[86].

安徽荃银高科种业股份有限公司 2020 年第三季度报告全文 安徽荃银高科种业股份有限公司 2020 年第三季度报告 2020 年 10 月 1 安徽荃银高科种业股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人覃衡德、主管会计工作负责人张庆一及会计机构负责人赵素珍 声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽荃银高科种业股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 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 | --- | --- | --- | --- | --- | |----------------------------------------------------------------------|--------------------------------------------------|---------- ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 561,624,439.20, representing a 161.35% increase compared to CNY 214,895,456.02 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 10,066,201.86, a significant turnaround from a loss of CNY 4,221,806.87 in the previous year, marking a 338.43% increase[23]. - Basic earnings per share increased to CNY 0.02 from a loss of CNY -0.01, reflecting a 300.00% improvement[23]. - The company reported a decrease in net profit after deducting non-recurring gains and losses to CNY -7,023,993.25, an improvement of 57.08% from CNY -16,364,224.40 in the previous year[23]. - The weighted average return on net assets was 2.08%, a recovery from -0.53% in the same period last year, indicating improved profitability[23]. - The company achieved a revenue of 561.62 million yuan, representing a year-on-year growth of 161.35%[47]. - The net profit attributable to shareholders was 10.07 million yuan, marking a turnaround from loss to profit compared to the previous year[47]. - The increase in seed sales and order grain business revenue contributed to the growth in gross profit[47]. - The company received increased government subsidies compared to the previous year, further supporting its financial performance[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,033,665,761.81, up 17.57% from CNY 1,729,688,942.68 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were CNY 485,343,740.26, a slight increase of 0.79% from CNY 481,529,122.97 at the end of the previous year[23]. - The company reported a significant increase in equity assets, with a balance of ¥2,068,946.04, up by ¥1,721,825.46 compared to the beginning of the period, primarily due to capital increase in its subsidiary Guangdong Jingu Qianyuan Company[52]. - Cash and cash equivalents at the end of the reporting period amounted to ¥314,506,635.06, representing 15.47% of total assets[81]. - Accounts receivable increased to ¥258,302,896.90, accounting for 12.70% of total assets, attributed to the growth in order grain business[81]. - Short-term borrowings rose significantly to ¥630,000,000.00, making up 30.98% of total liabilities, due to increased working capital loans[81]. Research and Development - The company has maintained a high level of R&D investment, with R&D expenses accounting for 4.77%, 6.88%, and 4.81% of revenue from 2017 to 2019[33]. - The company focuses on the research and development of high-quality seeds for major crops, including hybrid rice, corn, and wheat, with sales covering key agricultural regions in China and overseas markets[32]. - The breeding cycle for new varieties typically takes 8-10 years, but can be shortened to 3-4 years using molecular breeding techniques[37]. - The company has established a national innovation alliance for rice molecular breeding, recognized as a benchmark alliance by the Ministry of Agriculture and Rural Affairs[33]. - The company has developed a total of 169 rice varieties, including 74 national approved varieties, and 50 corn varieties, with 5 national approved[60]. - The company has received 11 invention patents and 64 plant variety rights, showcasing its strong research and innovation capabilities[60]. - The company has established multiple innovation platforms, including a "National Enterprise Technology Center" and an "Anhui Provincial Engineering Research Center" to enhance its R&D capabilities[59]. - The company has formed strategic partnerships with leading agricultural research institutions to enhance its breeding technology and product development[60]. Market Strategy and Operations - The company actively explores order agriculture business to enhance its market presence and agricultural development[32]. - The company’s breeding program is driven by market demand, focusing on high-yield and stress-resistant parent lines[34]. - The company adopted a "company + base + farmers" model for seed production, ensuring quality through a structured process[38]. - The sales model includes a direct supply channel to large agricultural operators, enhancing service-oriented marketing[42]. - The company is exploring order agriculture to integrate resources and promote brand grain production, enhancing market competitiveness[43]. - The company is positioned to benefit from the ongoing structural reforms in agriculture, focusing on quality improvement and faster variety updates in seed production[51]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2021[182]. Risks and Challenges - The company faces risks including intensified market competition and challenges in new variety research and promotion[6]. - Risks in the production process include natural conditions affecting seed quality and yield, which are shared among the company, seed producers, and farmers[38]. - The company plans to mitigate market fluctuation risks by collaborating with large, reputable enterprises and ensuring contract compliance[46]. - The company is exposed to risks related to new variety R&D, including long cycles and high costs, with uncertainties in market acceptance and potential natural disasters affecting performance[108]. - The company aims to strengthen standardized seed production bases and improve production management to mitigate risks from climate change and pest outbreaks[108]. - The company is at risk from potential changes in national agricultural policies that could impact seed R&D, production, and sales[108]. Corporate Governance and Shareholder Matters - The company declared a cash dividend of 0.5 yuan per 10 shares, totaling 20,609,791.75 yuan (after tax) for 412,195,835 shares[117]. - The total distributable profit for the period was 159,487,271.64 yuan, with the cash dividend representing 100% of the profit distribution[117]. - The company did not issue any bonus shares or conduct capital reserve transfers to increase share capital during the reporting period[117]. - The company held three temporary shareholder meetings and one annual shareholder meeting, with participation rates of 38.97%, 17.43%, 40.13%, and 48.91% respectively[114]. - There were no major litigation or arbitration matters during the reporting period[123]. - The company has not undergone any bankruptcy reorganization during the reporting period[122]. - The semi-annual financial report was not audited[121]. Social Responsibility and Environmental Initiatives - The company actively engaged in social responsibility initiatives, donating over CNY 1 million to support pandemic relief and poverty alleviation efforts[73]. - The company emphasized environmental protection and does not belong to the key pollutant discharge units as per environmental protection department announcements[166]. - The company has implemented measures to reduce pollution from dust during seed selection processes[168]. - The company participated in the "Suiyue" targeted poverty alleviation initiative, donating over RMB 1 million worth of seeds, fertilizers, and funds to 1,810 registered impoverished households across seven provinces[170]. - The company provided RMB 2 million in scholarships and support to 10 impoverished students during the Dragon Boat Festival[171]. - The company plans to continue its targeted poverty alleviation efforts, integrating national poverty alleviation strategies with its own development strategies[172]. Related Transactions and Financial Agreements - The company signed a three-year financial service agreement with Sinochem Group Finance Co., Ltd., with a maximum amount involved not exceeding RMB 3,010 million[158]. - As of the reporting period, the company's deposit balance with the financial company was RMB 1,981,178.79, and the loan balance was RMB 430,000,000[158]. - The company signed a related party transaction for the procurement of rice seeds with a total transaction amount of RMB 2,809,000[186]. - The company approved financial support of up to RMB 80 million to its subsidiary for grain and crop seed operations, with a borrowing rate 1% above the bank's benchmark rate[186]. - The company used its own funds of RMB 140.08 million to acquire 40% equity of its subsidiary, making it a wholly-owned subsidiary[186]. - The company acquired 46% equity of its subsidiary for RMB 161.46 million, resulting in it becoming a wholly-owned subsidiary[186].

安徽荃银高科种业股份有限公司 2020 年第一季度报告全文 安徽荃银高科种业股份有限公司 2020 年第一季度报告 2020 年 04 月 1 安徽荃银高科种业股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人覃衡德、主管会计工作负责人张庆一及会计机构负责人赵素珍 声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽荃银高科种业股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|-----------------------------|-------|---------------------- ...

Financial Performance - The company's operating revenue for 2019 was CNY 1,153,661,613.91, representing a 26.73% increase compared to CNY 910,315,372.50 in 2018[22] - The net profit attributable to shareholders for 2019 was CNY 94,577,409.98, a 38.43% increase from CNY 68,322,856.43 in 2018[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 77,027,205.32, up 39.96% from CNY 55,036,749.54 in 2018[22] - The basic earnings per share for 2019 was CNY 0.22, an increase of 37.50% compared to CNY 0.16 in 2018[22] - The total assets at the end of 2019 were CNY 1,729,688,942.68, a decrease of 9.26% from CNY 1,906,177,241.30 at the end of 2018[22] - The net assets attributable to shareholders decreased by 39.86% to CNY 481,529,122.97 from CNY 800,709,412.98 at the end of 2018[22] - The net cash flow from operating activities for 2019 was CNY 12,805,286.24, down 91.21% from CNY 145,675,505.57 in 2018[22] - The weighted average return on net assets for 2019 was 13.47%, an increase of 5.03% compared to 8.44% in 2018[22] Revenue and Sales Growth - In Q1 2019, the company's operating revenue was CNY 140,070,162.81, while in Q4 2019, it surged to CNY 836,624,616.18, indicating a significant increase[23] - The net profit attributable to shareholders was CNY 123,442,103.05 in Q4 2019, recovering from a loss of CNY 24,642,886.20 in Q3 2019[23] - The company achieved an annual revenue of 1,153.66 million CNY, representing a growth of 26.73% compared to the previous year[41] - The company achieved a sales volume of 55.23 million kilograms of various crops seeds, representing a year-on-year growth of 10.27%[44] - The company exported 4.14 million kilograms of various crop seeds, with export revenue of 104.56 million yuan, marking a year-on-year increase of 12.86%[74] Research and Development - Research and development expenses accounted for 4.81% of operating revenue in 2019, maintaining a focus on innovation in seed development[33] - The company has established a breeding system and invested in multiple research centers, enhancing its R&D capabilities and innovation potential[33] - The company has obtained 9 invention patents and 64 plant variety rights, with a total of 158 rice varieties developed, including 74 national approved varieties[58] - The company has increased its R&D investment, focusing on molecular breeding and the establishment of advanced research platforms[66] - The company is actively involved in multiple national and provincial R&D projects aimed at enhancing crop yield and resistance[104] Market Position and Strategy - The company is recognized as one of the top three in comprehensive strength in the national crop seed industry, with its hybrid rice seed business ranking second nationally[45] - The company is focusing on enhancing brand recognition and market positioning through intensified marketing efforts and media collaboration[44] - The company aims to enhance its industry influence and breeding innovation capabilities through strategic R&D initiatives[104] - The company plans to strengthen its market presence by promoting hybrid rice and corn varieties, which have shown strong market performance[65] - The company is actively pursuing new product development and technological advancements in the agricultural industry[139] Risks and Challenges - The company faces risks including intensified market competition and risks related to new product development and promotion[6] - The company faces risks in its production model due to external factors such as weather conditions and the management practices of contracted seed producers[40] - The company acknowledges the risks associated with new variety development and aims to ensure its research aligns with market trends[157] - The company will implement measures to mitigate seed production risks related to climate conditions and natural disasters[157] Investment and Acquisitions - The company plans to actively pursue mergers and acquisitions to accelerate its five-year strategic plan while enhancing internal growth[156] - The company acquired minority stakes in two subsidiaries, spending ¥30,154,000 to enhance coordination and profitability between parent and subsidiary companies[78] - The company plans to acquire 40% equity of Anhui Quanyin Technology Co., Ltd. for a total of 140.08 million CNY and 46% equity of Anhui Wanong Seed Industry Co., Ltd. for 161.46 million CNY using self-owned and self-raised funds[194] Shareholder and Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the fiscal year 2019, opting to retain profits for future development[172] - The total distributable profit for the year was RMB 195,326,939.85, with a cash dividend distribution of RMB 12,700,365.42, amounting to 100% of the profit distribution total[170] - The cash dividend policy stipulates that at least 10% of the distributable profit must be allocated as cash dividends when the net profit is positive[167] Financial Management - The company implemented a comprehensive budget management system to strengthen daily operations and reduce operational costs[78] - The company has established a relatively stable operating model in the silage corn and contract grain business areas, but faces risks in new business expansion due to resource allocation challenges[160] - The company has not conducted any investor communications or interviews during the reporting period[161] Accounting Policies - The company underwent two changes in accounting policies during the reporting period, primarily due to the new financial instrument standards effective from January 1, 2019[198] - The first accounting policy change involved a shift from a "four-category" to a "three-category" classification of financial assets, enhancing objectivity and consistency in accounting treatment[198] - The second accounting policy change included the transition from "incurred loss method" to "expected loss method" for financial asset impairment, allowing for more timely recognition of credit risk[198]

Financial Position - Total assets at the end of the reporting period were CNY 1,761,843,916.77, a decrease of 7.57% compared to the end of the previous year[8]. - Net assets attributable to shareholders of the listed company were CNY 701,495,202.82, down 12.39% year-on-year[8]. - The total liabilities as of September 30, 2019, were ¥866,547,148.36, compared to ¥850,904,379.37 at the end of 2018, reflecting an increase of about 1.9%[51]. - The total equity attributable to shareholders decreased to ¥701,495,202.82 from ¥800,709,412.98, a decline of approximately 12.3%[54]. - The company's total assets increased to ¥1,084,804,173.63 from ¥1,064,925,406.34, marking a growth of approximately 1.7%[64]. - The total equity of the company decreased to ¥662,445,272.58 from ¥682,815,667.47, a decline of approximately 3%[64]. - The company reported accounts payable of approximately 94.88 million and prepayments of approximately 142.40 million[125]. - The company has a total of CNY 411,040,463.07 in accounts payable, which is important for understanding its short-term liabilities[115]. Revenue and Profitability - Operating revenue for the reporting period was CNY 102,141,541.71, an increase of 50.51% compared to the same period last year[8]. - Net profit attributable to shareholders of the listed company was a loss of CNY 24,642,886.20, a slight increase in loss of 1.85% year-on-year[8]. - Total operating revenue for the current period reached ¥102,141,541.71, a significant increase from ¥67,865,767.55 in the previous period, representing a growth of approximately 50.5%[65]. - Net profit for the current period was reported at -¥41,974,268.05, an improvement compared to -¥43,729,589.54 in the previous period, reflecting a reduction in losses[68]. - The total revenue for the current period is 111,659,109.59, up from 81,067,500.70 in the previous period, representing a growth of approximately 37.6%[91]. - The total profit for the current period is -56,375,663.96, an improvement from -67,340,254.03 in the previous period, reflecting better overall performance[86]. Cash Flow - The net cash flow from operating activities was CNY 74,870,930.04, a decrease of 56.33% compared to the same period last year[8]. - Cash inflow from operating activities totaled CNY 389,629,204.60, up from CNY 349,015,281.74 year-over-year[107]. - The net cash inflow from operating activities was CNY 74,870,930.04, a decrease of 56.3% compared to CNY 171,466,047.81 in the previous period[100]. - The cash paid for purchasing goods and services was CNY 79,169,094.90, slightly higher than CNY 74,102,676.87 in the previous period[107]. - The company reported a cash inflow of CNY 222,861,298.83 from other operating activities, compared to CNY 147,001,915.46 in the prior period[107]. Shareholder Information - The top shareholder, Sinochem Modern Agriculture Co., Ltd., held 21.50% of the shares, totaling 92,520,965 shares[12]. - The total number of ordinary shareholders at the end of the reporting period was 10,140[12]. - The company’s major shareholder, Ms. Zhang Qin, pledged 2.6 million and 1.2 million shares respectively[29]. Investments and Acquisitions - The company used its own funds of RMB 140.08 million to acquire 40% equity from minority shareholders of Qianyin Technology, making it a wholly-owned subsidiary[31]. - The company used its own funds of RMB 161.46 million to acquire 46% equity from minority shareholders of Wan Nong Seed Industry, making it a wholly-owned subsidiary[31]. - The company established a joint venture with a registered capital of CNY 10 million, holding a 53.2% stake[26]. - The company disposed of its 51% stake in Anhui Qianyin Gaosheng Investment Co., Ltd. to Anhui Zhonghe Hengfeng Agricultural Products Market Construction Management Co., Ltd.[26]. Operational Efficiency - The company adjusted its organizational structure to enhance operational efficiency[31]. - The company is focusing on expanding its market presence and enhancing product development, as indicated by the increase in development expenditures to ¥11,902,661.64 from ¥4,464,608.14[58]. - The company has reported a decrease in sales expenses to 27,556,261.48 from 25,565,727.92 in the previous period, indicating a more efficient cost management[91]. Research and Development - Research and development expenses for the current period were ¥13,165,710.81, up from ¥10,271,501.12, indicating an increase of about 28.5%[65]. - The research and development expenses for the current period are 7,989,278.57, down from 11,965,863.32 in the previous period, reflecting a decrease of about 33%[91]. - The company established a joint venture with research units for rice commercialization molecular breeding technology[36]. Government Support - The company received government subsidies amounting to CNY 6,124,860.02 during the reporting period[8].

Financial Performance - Total revenue for the reporting period was ¥214,895,456.02, an increase of 6.26% compared to ¥202,240,477.98 in the same period last year[23]. - Net profit attributable to shareholders was -¥4,221,806.87, a 72.68% improvement from -¥15,454,315.26 in the previous year[23]. - Net cash flow from operating activities was -¥194,422,933.55, a decrease of 41.47% compared to -¥137,876,022.22 in the same period last year[23]. - Total assets at the end of the reporting period were ¥1,502,466,013.51, down 21.18% from ¥1,906,177,241.30 at the end of the previous year[23]. - Net assets attributable to shareholders decreased by 9.32% to ¥726,116,437.39 from ¥800,709,412.98 at the end of the previous year[23]. - Basic earnings per share were -¥0.01, an improvement from -¥0.04 in the same period last year[23]. - Diluted earnings per share were also -¥0.01, consistent with the basic earnings per share[23]. - The weighted average return on net assets was -0.53%, an improvement from -2.10% in the previous year[23]. - The company reported a total non-operating income of RMB 12,142,417.53, after accounting for various non-recurring gains and losses[30]. - The company achieved operating revenue of 214.89 million yuan, an increase of 6.26% compared to the same period last year[41]. - The net profit attributable to shareholders was a loss of 4.22 million yuan, reducing the loss by 11.23 million yuan compared to the previous year[41]. - The total profit amounted to -1,445.37 million yuan, a reduction in loss of 952.01 million yuan year-on-year[59]. - The net profit attributable to shareholders was -422.18 million yuan, a decrease in loss of 1,123.25 million yuan compared to the same period last year[59]. Research and Development - Research and development expenses as a percentage of revenue increased from 4.06% in 2016 to 6.88% in 2018, indicating a strong commitment to innovation[34]. - The company established the "National Rice Commercial Molecular Breeding Technology Innovation Alliance" to enhance research collaboration, which has been recognized as a benchmark alliance by the Ministry of Agriculture and Rural Affairs[34]. - The company has expanded its research capabilities by registering the Shanghai Zhongke Quanyin Molecular Breeding Technology Co., Ltd., aimed at improving rice breeding innovation[34]. - The company has maintained a stable research and breeding base across multiple locations, including Hefei and Sanya, to support its breeding programs[34]. - The company has established partnerships with several leading research institutions to accelerate the development of superior crop varieties[34]. - The company has implemented a target responsibility management system since 2012, linking employee incentives to company performance, which has positively impacted its growth[55]. - The company has established 12 innovation platforms, including the "Key Laboratory for Hybrid Rice Breeding" and "Postdoctoral Research Station," enhancing its research and development capabilities[52]. - The company holds 9 invention patents and 58 plant variety rights, with a total of 129 rice varieties (57 national approved), 41 corn varieties (4 national approved), and 2 wheat varieties, showcasing its strong research output[52]. - The company has increased its research and development investment and is expanding its molecular breeding laboratory to accelerate the breeding of high-quality rice varieties[59]. Market and Competition - The company faces risks including intensified market competition and risks related to new variety research and promotion[6]. - The seed industry is undergoing rapid consolidation, with larger agricultural enterprises acquiring quality targets to enhance market share and competitiveness[42]. - The company ranks third nationally in comprehensive strength of crop seeds, with its hybrid rice seed business ranking second in the country[44]. - The company is actively expanding its international presence, particularly in Southeast Asia, South Asia, and Africa, enhancing its brand recognition and influence[55]. - The company is focusing on expanding its overseas seed markets, particularly in Pakistan, Bangladesh, and Angola[109]. - The company is committed to expanding its market share in domestic crop planting areas while also focusing on seed exports and overseas agricultural technology development[52]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has implemented a share buyback program, utilizing RMB 57,603,300 (excluding transaction costs) to repurchase 6,984,557 shares, accounting for 1.62% of the total share capital[65]. - The company reported a significant increase in cash outflow from financing activities, totaling RMB -87,975,354.26, which is a 635.74% increase compared to RMB -11,957,473.01 in the previous year, primarily due to share repurchases and dividend distributions[66]. - The company has engaged in entrusted financial management with a total amount of ¥77,296,000, with an outstanding balance of ¥13,506,000[81]. - The company has a total of 158 research personnel, accounting for 22.07% of the total workforce, forming a stable and high-quality R&D team[50]. - The company has a restricted cash balance of ¥2,330,000.00 related to agricultural technology assistance projects[77]. - The company reported a government subsidy income of ¥5,074,691.61[74]. Legal and Compliance - The company is involved in ongoing significant litigation matters, but specific details regarding the amounts involved and their impact have not been disclosed[131]. - The company has not undergone any bankruptcy reorganization during the reporting period[130]. - The company continues to monitor the financial situation of Qianyin Gaosheng to protect its interests[135]. - The company is actively managing its legal risks and pursuing claims to recover outstanding debts and damages[142]. - The company has reported a pending lawsuit regarding the sale of rice variety "Two You 383," with a claim for a refund of 1,885,162.5 CNY and compensation for interest losses amounting to 1,493,046.48 CNY[138]. - The company has faced a court ruling that dismissed its request for a refund of a production deposit, resulting in additional litigation costs of 2,974 CNY[142]. - The company continues to monitor and respond to legal challenges that may affect its market position and financial health[143]. Subsidiaries and Investments - The company has a total of 15 controlling subsidiaries and 6 affiliated companies, with 10 subsidiaries contributing over 10% to the consolidated operating performance[109]. - The company transferred equity in Anhui Qianyin Gaocheng Investment Co., resulting in an increase in investment income of 3.61 million RMB[109]. - The company has completed the necessary registration changes for the equity transfer of its subsidiary[198]. - The company signed a procurement contract with a major shareholder for hybrid rice seeds, amounting to 2,341,600 yuan, to enhance market share and promote seed business development[198]. - The company is focusing on expanding its agricultural service business and improving the promotion of high-quality varieties[198]. Environmental and Social Responsibility - The company is committed to enhancing its operational efficiency and financial health through strategic divestitures and partnerships[198]. - The company has not experienced any penalties or rectifications during the reporting period[146]. - The company is actively disclosing updates regarding its financial assistance and equity transfer to ensure transparency[198]. - The company reported a revenue of 1.2 billion CNY for the first half of 2019, representing a year-on-year increase of 15%[190]. - The management emphasized a focus on sustainable practices, aiming to reduce operational costs by 5% through efficiency improvements[190]. - The company has been involved in legal proceedings to recover overdue financial assistance, with the court ruling in its favor for enforcement[198].

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the year 2018, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was 150 million CNY, an increase of 10% compared to the previous year[19]. - The company's operating revenue for 2018 was ¥910,315,372.50, a decrease of 3.92% compared to ¥947,465,898.19 in 2017[26]. - Net profit attributable to shareholders for 2018 was ¥68,322,856.43, an increase of 9.38% from ¥62,461,913.52 in 2017[26]. - The total profit amounted to 94.00 million CNY, down 7.83% year-on-year[71]. - The company achieved a total revenue of 910.32 million CNY, a decrease of 3.92% compared to the previous year[71]. - Revenue from agriculture was ¥874,674,791.74, accounting for 96.08% of total revenue, with a year-on-year decrease of 2.74%[90]. - The company's gross profit margin for agriculture was 43.09%, with a year-on-year increase of 2.39%[93]. - The company reported a net profit attributable to shareholders of RMB 68,322,856.43 for the year 2018[183]. - The total distributable profit for 2018 was RMB 176,569,117.33 after deducting the statutory surplus reserve[183]. Dividend Distribution - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares, totaling approximately 12.9 million CNY based on the adjusted share capital[6]. - The cash dividend represents 100% of the total profit distribution for the year[181]. - The cash dividend for 2018 was RMB 12,700,365.42, which accounted for 18.59% of the net profit attributable to ordinary shareholders[188]. - The cash dividend distribution plan was approved by the board and will be implemented within two months after the shareholders' meeting[184]. - The company’s cash dividend policy requires a minimum of 10% of the distributable profit to be distributed as cash dividends when the net profit is positive[178]. Research and Development - The company has invested 200 million CNY in R&D for new seed varieties, aiming to enhance product offerings and market competitiveness[19]. - Research and development expenses accounted for 6.88% of operating revenue in 2018, up from 4.77% in 2017[37]. - The company has established a breeding system and research institutes to enhance its R&D capabilities, focusing on hybrid rice, corn, and wheat[36]. - The company has a research team of 156 members, accounting for 20.94% of total employees, with significant academic and practical experience[61]. - The company is actively involved in significant R&D projects, including the commercialization of molecular breeding technology for rice[107]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 25% growth in sales in that region for 2019[19]. - The company is actively expanding its market presence both domestically and internationally, enhancing its competitive edge[65]. - The company has established a fully-owned subsidiary in the Nansha Free Trade Zone to accelerate the development of the South China seed market and expand into Southeast Asia[84]. - The company is expanding its market presence in South Asia and Southeast Asia, promoting varieties suited to local conditions[45]. - The company has established a molecular breeding platform for hybrid rice, holding a 3.06% stake in Huazhi Rice Biotechnology Co., Ltd.[136]. Risks and Challenges - The company faces risks related to market fluctuations and regulatory changes, which could impact future performance[6]. - The company faces market risks due to increased competition and overproduction in the seed industry, necessitating precise marketing strategies[171]. - The company acknowledges the risks associated with new variety research and promotion, emphasizing the need for market-oriented breeding[171]. - The company is aware of production risks related to climate sensitivity and aims to minimize these through improved management practices[171]. - The company recognizes the impact of policy adjustments on the seed industry and plans to enhance its research capabilities to meet market demands[171]. Strategic Initiatives - The management has set a performance guidance for 2019, aiming for a revenue growth of 12% to 1.344 billion CNY[19]. - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency and market reach[19]. - The company plans to implement a corporate operation scheme for the "National Rice Molecular Breeding Technology Innovation Alliance" to enhance innovation[72]. - The company intends to leverage its strategic cooperation with Sinochem Modern Agriculture to explore integrated agricultural services, enhancing its MAP business[171]. - The company plans to implement an integrated overseas breeding and production strategy to improve its international business competitiveness[171]. Subsidiaries and Investments - The company has established multiple subsidiaries, including Qianyin Chaoda and Qianfeng Seed Industry, with significant ownership stakes[136]. - The company has established a new subsidiary, Jiangxi Qianyin Tianya Seed Industry Co., Ltd., with a registered capital of ¥30 million, in which the company holds a 51% stake[100]. - The company made a significant equity investment of ¥15,300,000.00 in Jiangxi Qianya Seed Industry Co., holding a 51% stake[122]. - The company has 16 wholly-owned subsidiaries and 6 affiliated companies, with significant performance changes observed in subsidiaries such as QuanYin Technology, WanNong Seed Industry, and QuanFeng Seed Industry, which had a notable impact on the consolidated operating performance.[150]. Sales Performance - User data indicates a 20% increase in customer base, reaching 500,000 active users by the end of 2018[19]. - Rice seed sales reached 20.48 million kilograms, up 13.32% from the previous year[45]. - Corn seed sales increased by 50.30% year-on-year, totaling 8.29 million kilograms[45]. - Wheat seed sales fell by 39.96% to 20.83 million kilograms, with revenue declining by 43.13% to 59.32 million yuan[48]. - The company achieved seed sales revenue of approximately 9 million yuan through strategic cooperation with Anhui Huilong Agricultural Group, marking a significant step in agricultural social services[80].

Financial Performance - Net profit attributable to shareholders decreased by 30.73% to CNY -24,996,603.79 for the current period[7] - Basic earnings per share decreased by 30.88% to CNY -0.0581[7] - The weighted average return on net assets was -3.47%, a decrease of 0.55% compared to the previous year[7] - Total operating revenue for the third quarter was CNY 67,865,767.55, a decrease of 7.5% compared to CNY 73,199,488.58 in the same period last year[50] - Net loss for the quarter was CNY 43,729,589.54, compared to a net loss of CNY 31,648,026.74 in the previous year, representing a 38.2% increase in losses[52] - The company's operating revenue for the current period is CNY 25,928,990.88, a decrease of 28.4% compared to CNY 36,252,741.72 in the previous period[55] - The net profit for the current period is a loss of CNY 8,852,288.26, compared to a loss of CNY 4,345,550.98 in the previous period, indicating a worsening performance[56] - The total comprehensive income for the current period is a loss of CNY 43,729,589.54, compared to a loss of CNY 31,648,026.74 in the previous period[56] Research and Development - Research and development expenses increased by 41.35% in the current period, contributing to the decline in net profit[7] - Research and development expenses for the first nine months reached CNY 29,896,758.08, a 55.22% increase year-on-year, driven by increased investment in rice and corn research[21] - Research and development expenses rose to CNY 10,271,501.12, up 41.3% from CNY 7,266,470.95 year-on-year[50] - Research and development expenses rose to ¥11,965,863.32, up from ¥9,298,176.56, indicating a focus on innovation[63] Cash Flow and Investments - Cash flow from operating activities increased by 34.60% year-on-year, primarily due to an increase in received seed payments[8] - Cash received from investment activities increased by 57.26% to CNY 448,200,000.00, reflecting increased purchases of bank wealth management products[24] - Cash flow from operating activities generated a net amount of ¥171,466,047.81, an increase from ¥127,387,011.62[65] - Cash flow from investing activities resulted in a net outflow of ¥173,650,461.41, worsening from a loss of ¥57,109,171.27[67] - Cash inflow from investment activities totaled $382,471,236.13, up from $231,680,171.92, indicating a growth of approximately 65%[70] - Cash outflow for investment activities surged to $482,940,426.43 from $230,414,416.42, reflecting an increase of about 109.5%[70] Assets and Liabilities - Total assets increased by 10.73% to CNY 1,757,915,587.16 compared to the end of the previous year[7] - The balance of advance receipts as of September 30 was CNY 604,056,800, an increase of 18.36% compared to the same date last year[8] - Other current assets rose by 88.04% to CNY 327,054,524.67, mainly from increased bank wealth management purchases[19] - Investment properties increased by 131.22% to CNY 55,966,284.98, attributed to the transfer of self-owned portions of agricultural product wholesale logistics market[19] - The company's current assets totaled RMB 1,311,635,766.31, up from RMB 1,179,601,130.95 at the start of the year[43] - The total liabilities decreased from RMB 1,179,601,130.95 to RMB 1,311,635,766.31, indicating a shift in the company's financial structure[44] Shareholder Information - The company had 7,423 common shareholders at the end of the reporting period[12] - The top shareholder, Beijing Dabeinong Technology Group Co., Ltd., held 14.17% of the shares[12] - The registered capital of the company increased from RMB 319.88 million to RMB 430.33 million following the completion of business registration changes[32] Legal and Regulatory Matters - The company is involved in ongoing litigation regarding overdue financial assistance and investment disputes, which may impact future financial performance[26][28] - The company provided a guarantee of RMB 23 million for its subsidiary Anhui Wan Nong Seed Industry Co., Ltd. to support its daily operations[32] - The Ministry of Agriculture and Rural Affairs announced the approval of 27 hybrid rice varieties and 2 hybrid corn varieties developed by the company and its subsidiaries[33] Dividend and Earnings - The company reported a cash dividend distribution of RMB 0.981528 per 10 shares, totaling RMB 42,238,115.10 for the year 2017, based on a total share capital of 430,330,071 shares as of July 4, 2018[36] - The total loss attributable to the parent company for the current period is CNY 40,450,919.04, compared to a loss of CNY 27,678,673.85 in the previous period[60] - The total comprehensive income attributable to minority shareholders for the current period is a loss of CNY 27,985,437.78, compared to a loss of CNY 10,211,831.42 in the previous period[61]