证券代码：300087 证券简称：荃银高科 编号：2016-001 安徽荃银高科种业股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|-------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | | 长江证券农林牧渔行业高级分析师 高辰星、余昌。 | | 时间 | 2016 年 1 月 21 | 日 上午 10:00 | | 地点 | 荃银高科 416 | 会议室 | | 上市公司接待人 | 董事会秘书 叶红， | | | 员姓名 | 证券事务代表 苏向妮。 | | | 投资者关系活动 | 1 、公司 2015 | 年度业绩预告显示公司业绩呈现较大 ...

Group 1: Financial Performance - In 2016, the company achieved a revenue of 757 million CNY, representing a year-on-year growth of 24.66% [3] - The net profit for 2016 was 52.57 million CNY, an increase of 22.63% compared to the previous year [3] - The net profit attributable to shareholders was 30.68 million CNY, showing a significant growth of 38.58% [3] Group 2: Business Structure Changes - The company's main business structure has evolved; initially, hybrid rice seed sales accounted for over 90% of revenue, but now includes corn and wheat seed businesses [3] - The product range has diversified, with new hybrid rice varieties and nine new corn varieties developed and launched in 2016 [3][4] Group 3: International Business Development - The company emphasizes simultaneous domestic and international development, with a focus on rice seed exports and overseas agricultural technology projects [4] - The subsidiary, Qianyin Technology, is responsible for enhancing international business efforts [4] Group 4: Seed Sales and Market Performance - In 2016, the total sales volume of rice seeds reached 1,523.20 million kg, primarily driven by new variety sales [5] - The company’s corn seed revenue grew by approximately 74% in 2016, despite market challenges [6] Group 5: Research and Development - The company is actively engaged in transgenic corn research, collaborating with institutions like Zhejiang University [6] - The focus on new technology research aims to enhance the company's competitive edge in the seed industry [6] Group 6: Future Strategies - The company plans to continue its strategy of "core seed industry and extended agricultural services," aiming to innovate and integrate within the agricultural sector [7] - Future product developments include new rice and corn varieties currently undergoing approval processes [8]

Financial Performance - The company aims to achieve an operating revenue of CNY 1 billion and a net profit of CNY 60 million for 2017 [2] - The company is currently on track to meet its performance targets as outlined in the 2016 annual report [2] Seed Promotion and Sales - The company will disclose overall sales and inventory information at the end of the business year, including total revenue and sales volume [3] - Major rice varieties promoted include: New Liangyou 6, Hui Liangyou 898, Hui Liangyou 882, and Qianyou Simiao; major corn varieties include: Tieyan 358, Quanyou 1233, and Luyou 9104 [3] Product Advantages - The company’s rice parent lines, 1892S and Qian 9311A, exhibit high yield, disease resistance, and quality [4] - The company has 15 new combinations or varieties that have passed provincial-level approval, including 9 rice and 6 corn varieties [5] Market Strategy - The company’s rice varieties cover key regions such as Jiangxi, Hunan, Hubei, Anhui, Zhejiang, and Jiangsu, while corn varieties focus on East and North China [6] - Future plans include expanding into the Southwest corn market through mergers and acquisitions [6] Transgenic Corn Development - The company is advancing its transgenic corn project in collaboration with Zhejiang University, focusing on the commercialization of pest-resistant corn [7] Shareholder Relations - Ongoing litigation with Zhongzhi Group is being processed by the Anhui High People's Court, with updates to be disclosed as they arise [7] - The increase in shares by Da Bei Nong reflects confidence in the company's future development [7] International Expansion - The company is actively expanding its international business through its subsidiary, focusing on seed exports and agricultural technology development [8] - Plans include establishing breeding trial stations and research centers in countries with growth potential [8]

Group 1: Company Strategy and Market Position - The company aims to enhance its independent innovation capabilities and market expansion to differentiate itself from competitors, as current market share among leading enterprises is not very high [2][3] - The focus will not solely be on increasing gross profit margins; instead, the company will prioritize improving R&D and marketing capabilities to gain market recognition with superior varieties [3] Group 2: Financial Performance and Debt Management - The company's high debt ratio and return on equity are primarily due to increased marketing efforts and the acquisition of subsidiaries, which has shifted the funding source for these acquisitions from solely self-funding to a combination of self-funding and self-raised funds [3] - The company plans to achieve a revenue target of 1.5 billion CNY and a net profit of 120 million CNY for the year 2020, aligning with its strategic goal of entering the top ten global seed industry [3] Group 3: Product Development and Market Offerings - The company has developed a series of rice products, including Huizhong You, Qian You, Qian Liang You, and Qian Xiang You, and has a rich reserve of excellent varieties to support steady performance growth [3] - The company is exploring the development of silage corn, which is a potential growth area, and has established partnerships with domestic livestock brands to expand this business [3]

Group 1: Overseas Business Development - The company's overseas business ranks among the industry leaders, with increasing brand recognition in Southeast Asia, South Asia, and Africa [2] - In 2019, the company was awarded the Ministry of Commerce's technical assistance project for agriculture in Togo, enhancing its international cooperation status [2] - The company aims to expand its seed market in regions such as Bangladesh, Pakistan, Indonesia, Vietnam, and Angola through its subsidiary, Qianyin Technology [3] Group 2: Market Competition and Challenges - The seed industry faces intense competition and market downturns, but the company has established unique competitive advantages in research talent, innovation platforms, and resource collaboration [3] - The company emphasizes the importance of enhancing core competitiveness to avoid being eliminated from the market [3] Group 3: Product Quality and Sales Performance - The company achieved a sales volume of 2.8079 million kilograms in hybrid rice, representing a year-on-year increase of 15.41% [4] - Key rice varieties such as Qianyou Simiao and Qianyou 822 have received high recognition from customers due to their quality and stable traits [4] - The company has implemented effective marketing strategies, including expanding market coverage and adjusting competitive strategies to enhance sales [5] Group 4: Research and Development Strategy - The company adheres to a "technology first" philosophy, focusing on independent innovation and strong research capabilities [5] - It collaborates deeply with research institutions to improve breeding efficiency using molecular technology [5]

Financial Performance - The company's revenue for Q3 2022 reached ¥570,565,404.15, representing a 9.41% increase compared to the previous quarter and a 28.09% increase year-to-date[6]. - The net profit attributable to shareholders was ¥7,347,291.27, showing a decrease of 13.64% from the previous quarter, but a significant increase of 4,043.42% year-to-date[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥29,920,273.91, reflecting a decrease of 782.82% from the previous quarter and an 86.85% decline year-to-date[6]. - Revenue for the first nine months of 2022 reached ¥1,535,963,577.87, an increase of 28.09% compared to ¥1,199,165,871.05 in the same period of 2021[12]. - The company achieved operating revenue of RMB 153,596.36 million in 2022, representing a year-on-year growth of 28.09%[21]. - Net profit attributable to shareholders reached RMB 3,782.58 million, an increase of RMB 3,878.50 million compared to the same period last year[21]. Assets and Liabilities - The total assets as of the end of Q3 2022 amounted to ¥4,901,997,693.83, which is a 38.54% increase compared to the end of the previous year[6]. - Total liabilities reached ¥3,126,589,533.33, up from ¥1,887,436,723.89, indicating a rise of 65.73%[30]. - Total equity attributable to shareholders of the parent company was ¥1,381,539,371.28, slightly up from ¥1,373,411,767.86[30]. - The company reported a long-term investment in equity of ¥11,102,457.76, compared to ¥1,962,544.07 in the previous period, showing a substantial increase[30]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥546,613,435.06, marking a 13.19% increase[6]. - Net cash inflow from operating activities was ¥546,613,435.06, reflecting a 13.19% increase from ¥482,912,394.58 year-on-year[12]. - Cash flow from investment activities saw a significant increase of 317.23%, totaling ¥1,646,194,165.42, mainly due to the redemption of financial products during the reporting period[12]. - The company reported a cash outflow from investment activities totaling ¥1,602,793,327.23, compared to ¥1,135,255,168.58 in the previous period, reflecting an increase of about 41%[41]. Expenses - Operating costs increased by 29.86% to ¥1,229,411,215.9 from ¥946,755,960.96 year-on-year, primarily due to increased sales in the seed industry[12]. - Financial expenses decreased by 76.70% to ¥4,362,624.48, attributed to increased foreign exchange gains and interest income compared to the previous year[12]. - Sales expenses increased to 134,561,051.62 from 105,490,539.52, reflecting a growth of approximately 27.6%[34]. - Research and development expenses rose to 41,380,656.37, up from 38,530,023.83, indicating an increase of about 4.8%[34]. Investments and Acquisitions - The company intends to acquire a 60% stake in Xinjiang Jinfengyuan Seed Industry Co., Ltd. for RMB 20,673.762 million, with a proposed merger loan of up to RMB 12,000 million[23]. - The company approved a financial derivatives business to mitigate risks related to exchange rates and commodity price fluctuations, with a maximum limit of RMB 65,000 million[23]. - Investment income surged by 186.38% to ¥10,344,288.46, driven by higher returns from financial products compared to the same period last year[12]. Shareholder Information - The basic earnings per share for Q3 2022 was ¥0.0110, down 45.54% from the previous quarter, but up 2,565.22% year-to-date[6]. - The total number of restricted shares at the end of the period was 37,490,240, with no shares released from restriction during the period[20]. - The company reduced the amortization expense of the first employee stock ownership plan by RMB 2,531.37 million compared to the previous year[21]. Future Plans - The company plans to use up to RMB 45,000 million of idle raised funds for cash management, with a maximum investment period of 6 months[23]. - The company plans to continue expanding its market presence and investing in new product development[28].

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2022, representing a year-on-year increase of 15%[19]. - The company achieved operating revenue of ¥965,398,173.72, representing a 42.46% increase compared to the same period last year[27]. - Net profit attributable to shareholders reached ¥30,478,555.86, a significant increase of 421.95% year-on-year[27]. - The net profit after deducting non-recurring gains and losses was ¥15,840,281.30, up 232.92% from the previous year[27]. - The net cash flow from operating activities was ¥175,475,736.66, a 208.95% increase compared to the same period last year[27]. - Seed sales revenue amounted to ¥55,096.43 million, reflecting a 60.65% increase year-on-year, with sales volume up 67.25%[37]. - The company’s rice seed revenue was ¥39,247.02 million, marking a 37.05% increase year-on-year, with sales volume increasing by 41.43%[37]. - The company's operating revenue for the reporting period reached ¥965,398,173.72, a year-on-year increase of 42.46% compared to ¥677,675,002.99 in the same period last year[63]. - The company's operating costs increased by 45.30% to ¥763,590,666.09 from ¥525,512,212.97, primarily due to the growth in seed business revenue[63]. - The net cash flow from operating activities improved significantly, reaching ¥175,475,736.66, a 208.95% increase from a negative cash flow of -¥161,054,455.78 in the previous year[63]. Research and Development - Research and development expenses increased by 25% to 100 million CNY, focusing on biotechnology innovations[19]. - The company continues to focus on R&D for high-quality crop seeds, with R&D investments increasing over the years, reaching ¥83.28 million in 2021[38]. - The company has established a national agricultural technology innovation alliance, enhancing its research capabilities and collaboration with leading research institutions[38]. - The company has established close cooperation with multiple research institutions, including the Chinese Academy of Sciences and Zhejiang University, to enhance rice breeding innovation capabilities[41]. - The company added 8 new hybrid rice varieties approved at the provincial level and obtained 1 new invention patent and 19 plant variety rights during the reporting period, showcasing its strong research and development capabilities[51]. - The company has developed a total of 385 rice varieties (205 approved), 81 corn varieties (15 approved), and 15 wheat varieties, showcasing its strong research and development capabilities[56]. - The company has obtained 20 invention patents and 165 plant variety rights, indicating a robust innovation pipeline[56]. Market Expansion and Strategy - The company plans to launch three new seed varieties by the end of 2022, aiming to capture a larger market share[19]. - Future outlook includes a projected revenue growth of 10% for the second half of 2022, driven by increased demand in the agricultural sector[19]. - The company is expanding its market presence in Southeast Asia, with plans to establish two new distribution centers by Q4 2022[19]. - The company is actively expanding its market presence and enhancing its competitive edge through mergers and acquisitions, as well as collaborations with leading agricultural enterprises[48]. - The company is adapting its sales strategy to include a "company + large farmer" model to better serve growing customer segments[44]. - The company has implemented a sales model that includes both domestic and international markets, with a focus on dealer sales in China[44]. - The company is focused on integrating biotechnology and information technology to drive innovation in the seed industry, aligning with national agricultural modernization goals[48]. Risk Management - The management highlighted risks including intensified market competition and changes in agricultural policies that could impact operations[5]. - The company faces risks including capital turnover risk, product quality risk, and market fluctuation risk, which could impact its operational stability[47]. - The company has a robust risk management strategy in place for production, addressing potential impacts from natural conditions and management issues[41]. - The company emphasizes the importance of risk management in new business expansions, particularly in selecting reliable partners and ensuring contract compliance to mitigate market price fluctuations[130]. - The company is committed to maintaining a proactive approach in addressing potential risks associated with new product development and market demands[125]. Legal and Compliance Issues - The company is involved in ongoing litigation regarding the infringement of plant variety rights, with a claim for CNY 300 million in damages[166]. - The company is also engaged in a contract dispute regarding the use of rice varieties, seeking compensation of CNY 1.236 million[166]. - The company has ongoing litigation regarding a loan recovery of 538,010 CNY from 阿瓦提县广大农业科技开发有限公司[172]. - The company is currently involved in multiple lawsuits regarding intellectual property rights, including a case where it seeks 5 million yuan in damages for infringement of a new plant variety[187]. - The company has reported that several of its cases are currently under appeal, indicating ongoing legal challenges[185]. - The company is actively managing its legal disputes to mitigate financial impacts and ensure compliance with court rulings[182]. Corporate Governance and Social Responsibility - The company held two temporary shareholder meetings in 2022, with investor participation rates of 33.88% and 35.34% respectively[140]. - The company conducted 11 "Yuyue Action" charity events, benefiting 571 farmers and one village cooperative with agricultural materials valued at CNY 495,100[155]. - The company donated CNY 152,600 to two agricultural workers affected by significant family changes as part of the "Heli Xiangzhu" charity project[155]. - The company provided 200 bags of rice to frontline pandemic prevention workers in Hefei High-tech Zone, supporting public health efforts[155]. - The company donated CNY 48,000 worth of office computers and educational supplies to students in a remote area, enhancing educational resources[155]. - The company is focused on agricultural leadership and environmental protection, implementing dust control measures in seed processing[154].

Financial Performance - The company's revenue for Q1 2022 was CNY 440,361,052.90, representing a 49.66% increase compared to CNY 294,245,563.46 in the same period last year[4] - Net profit attributable to shareholders was CNY 20,415,502.56, a significant turnaround from a loss of CNY 2,071,685.35, marking an increase of 1,085.45%[4] - The net profit after deducting non-recurring gains and losses was CNY 17,314,536.66, compared to a loss of CNY 3,847,301.38, reflecting a 550.04% increase[4] - Basic and diluted earnings per share were both CNY 0.0459, a substantial increase from a loss of CNY 0.0048 per share in the same quarter last year, representing a 1,056.25% increase[4] - Net profit reached 29.86 million RMB, reflecting a significant growth of 815.37% year-on-year[20] - The company reported a net profit of approximately 439.34 million CNY, up from 418.93 million CNY, indicating an increase of about 4.9%[33] Cash Flow - The company's cash flow from operating activities showed a slight improvement, with a net outflow of CNY 119,969,801.96, down 2.70% from CNY 123,298,090.48 in the previous year[4] - Cash inflow from operating activities totaled CNY 509,233,962.90, a 32.31% increase from CNY 384,881,642.60 in the same period last year[11] - The net cash flow from operating activities was -$119.97 million, slightly improved from -$123.30 million year-over-year[44] - Cash outflow from operating activities totaled $629.20 million, compared to $508.18 million in the previous year[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,312,081,322.34, down 6.40% from CNY 3,538,394,311.20 at the end of the previous year[4] - Total current assets amounted to approximately 2.50 billion CNY, down from 2.73 billion CNY in the previous period, reflecting a decrease of about 8.4%[24] - The company's cash and cash equivalents decreased from approximately 878.84 million CNY to about 587.78 million CNY, a decline of approximately 33%[24] - Total liabilities decreased from approximately 1.89 billion CNY to about 1.62 billion CNY, a reduction of about 14.3%[30] - The company's total assets decreased from approximately 3.54 billion CNY to about 3.31 billion CNY, reflecting a decline of about 6.5%[33] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 52,203[12] - The largest shareholder, China Seed Group Co., Ltd., holds 20.37% of shares, totaling 92,520,965 shares[12] - The second-largest shareholder, Jia Guilan, owns 6.87% of shares, amounting to 31,200,672 shares[12] Strategic Initiatives - The growth in performance is primarily driven by the continuous increase in seed business, particularly in hybrid rice and corn varieties[20] - The company has made progress in its strategic acquisition to enhance market share and competitiveness in the seed industry[23] - The company plans to acquire 60% of Xinjiang Jinfengyuan Seed Industry Co., Ltd. for a transaction price of 206.74 million CNY, reduced from the initial price of 213 million CNY[23] Board and Management - The company completed the election of the fifth board of directors and supervisory board on January 24, 2022[20] - The first meeting of the fifth board of directors was held on January 29, 2022, where key management positions were appointed[22] Investment and Research - The company reported a significant increase in investment income, amounting to CNY 2,688,492.20, up 848.70% from CNY 283,386.96 in the previous year[11] - Research and development expenses were ¥14,284,423.59, slightly up from ¥13,904,299.42, indicating continued investment in innovation[34]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the year 2021, representing a year-on-year increase of 15%[20] - The net profit attributable to shareholders was 150 million CNY, an increase of 10% compared to the previous year[20] - The company's operating revenue for 2021 was ¥2,520,772,778.56, representing a 57.38% increase compared to ¥1,601,709,079.85 in 2020[27] - The net profit attributable to shareholders for 2021 was ¥169,045,332.23, a 26.68% increase from ¥133,447,779.74 in 2020[27] - The net cash flow from operating activities improved significantly to ¥435,451,713.84, a 770.19% increase from -¥64,974,818.15 in 2020[27] - The total assets at the end of 2021 reached ¥3,538,394,311.20, up 43.11% from ¥2,472,447,760.58 at the end of 2020[27] - The basic earnings per share for 2021 was ¥0.39, a 21.88% increase compared to ¥0.32 in 2020[27] - The company achieved a revenue of CNY 252,077.28 million in 2021, representing a growth of 57.38% compared to the previous year[62] - The net profit attributable to shareholders reached CNY 16,904.53 million, an increase of 26.68% year-on-year[62] Market Expansion and Strategy - The company aims to expand its market presence by increasing its R&D investment by 20% in 2022 to enhance product innovation[20] - The company anticipates a revenue growth target of 12% for 2022, driven by new product launches and market expansion efforts[20] - The company is actively expanding its market presence and integrating domestic and international seed resources[41] - The company plans to expand overseas operations, particularly in Southeast Asia, South Asia, Africa, and Central Asia, while establishing local breeding bases to meet regional market demands[143] - The company aims to deepen its presence in domestic and "Belt and Road" markets, focusing on agricultural technology and value chain enhancement[142] Research and Development - The company invested in R&D with amounts of 55.44 million, 56.17 million, and 83.28 million CNY from 2019 to 2021, respectively, indicating a continuous commitment to innovation[45] - The company has established partnerships with three agricultural research institutions to accelerate the development of new technologies[20] - The company has a research team of 192 members, accounting for 18% of the total workforce, with significant academic and practical experience in breeding[56] - The company holds 19 invention patents and 146 plant variety rights, showcasing its strong research and innovation capabilities[56] - The company aims to enhance R&D in biological breeding technologies, increasing investment in cutting-edge technologies to improve seed quality and resistance[143] Product Development and Innovation - The company has launched three new seed varieties in 2021, contributing to a 25% increase in sales volume in the seed segment[20] - The company has developed 97 new or regionally approved varieties, including 92 rice varieties and 5 corn varieties, during the reporting period[62] - The company is focusing on the development of specialized grains for brewing, collaborating with various agricultural research institutions to support the industry[68] - The company is developing high-yield, disease-resistant rice varieties suitable for the Yangtze River Delta, with ongoing quality assessments[94] Risk Management and Challenges - The company faces risks related to market competition and changes in agricultural policies, which may impact future performance[5] - The company will strengthen standardized seed production bases to mitigate risks from climate change and natural disasters affecting seed quality and yield[147] - The company is committed to improving management capabilities across its 22 subsidiaries to adapt to changing business models and organizational structures[151] Corporate Governance and Management - The company maintains a governance structure that complies with relevant laws and regulations, ensuring a sound internal control system and risk management[159] - The board of directors consists of 9 members, including 4 independent directors, ensuring compliance with governance standards[162] - The financial department operates independently, maintaining a complete financial accounting system and separate bank accounts, ensuring no shared accounts with controlling shareholders[172] - The management team operates independently, ensuring that company decisions are implemented effectively and in line with strategic goals[164] Employee Engagement and Incentives - The company has implemented an employee stock ownership plan, which has effectively motivated employees and enhanced productivity[53] - The company has established contracts with regional seed production contractors, ensuring quality and compliance with production standards[48] Future Outlook - In 2022, the company plans to achieve revenue of 3 billion CNY and a net profit of 200 million CNY, with significant uncertainty due to market conditions[143] - The company has set a performance guidance of 1.5 billion RMB in revenue for 2022, reflecting a growth target of 25%[190] - The management team emphasized a focus on sustainable practices, aiming for a 30% reduction in carbon footprint by 2025[190]

Financial Performance - The company's revenue for Q3 2021 reached ¥521,490,868.06, representing a 61.22% increase year-over-year[4] - Net profit attributable to shareholders was ¥8,507,634.37, a significant increase of 272.08% compared to the same period last year[4] - The basic earnings per share for Q3 2021 was ¥0.0202, a 302.00% increase compared to the same period last year[4] - The company achieved operating revenue of 1,199.17 million RMB in 2021, representing a growth of 35.49% compared to the same period last year[24] - The net profit attributable to shareholders of the listed company was -0.96 million RMB, a decrease of 118.73% year-on-year[24] - The company's net profit for the period was a loss of ¥5,287,574.46, compared to a loss of ¥7,386,397.95 in the previous period, showing an improvement of approximately 28.4%[39] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥482,912,394.58, showing a remarkable increase of 676.14%[4] - Cash inflow from operating activities totaled 1,870.09 million RMB, an increase of 45.23% due to higher cash receipts from sales[15] - Cash outflow from operating activities was 1,387.18 million RMB, a slight increase of 1.14% attributed to higher payments for goods[15] - The net cash flow from operating activities was 482.91 million RMB, a significant increase of 676.14% compared to the previous year[15] - The cash inflow from financing activities increased by 149.28% to 1,599.19 million RMB, primarily due to an increase in working capital loans[15] - The cash outflow for purchasing goods and services was 1,147,968,665.97, compared to 1,193,564,651.50 in the previous period[46] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥3,483,973,293.07, reflecting a 40.91% increase from the end of the previous year[4] - The company's equity attributable to shareholders increased to ¥1,205,995,821.90, up 78.59% from the previous year[4] - The total liabilities increased significantly, with contract liabilities rising by 340.16% to ¥914,317,082.80, driven by increased customer deposits[10] - Total liabilities amounted to ¥2,078,733,067.37, up from ¥1,585,198,775.22, which is an increase of about 31.2%[35] - The company's total current assets reached ¥2.74 billion, up from ¥1.83 billion in the previous year, indicating a year-over-year increase of 49.8%[29] - The company's inventory stood at ¥909.69 million, slightly up from ¥893.16 million, reflecting a 1.8% increase[29] Investments and Financing - The company plans to use up to ¥1.79 billion of idle funds and up to ¥450 million of temporarily idle raised funds to purchase short-term financial products[26] - The company has signed a 15-year lease agreement for property with a transaction amount of ¥2.59 million, enhancing its operational capacity[26] - The company completed a private placement of 23,768,366 shares at a price of ¥23.14 per share, raising a net amount of approximately ¥536.92 million after expenses[26] - The company has increased its registered capital from ¥10 million to ¥30 million to support the development of its subsidiary, Shanghai Zhongke Quanyin Molecular Breeding Technology Co., Ltd.[26] Research and Development - Research and development expenses for the year-to-date period were ¥38,530,023.83, a 56.14% increase, indicating a commitment to enhancing innovation[11] - Research and development expenses increased to ¥38,530,023.83 from ¥24,676,803.88, reflecting a growth of about 56.1%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,054[16] - The largest shareholder, Sinochem Modern Agriculture Co., Ltd., held 20.37% of the shares, totaling 92,520,965 shares[16] Future Plans - The company plans to continue expanding its seed business and increasing order volumes to drive future growth[24] - The company aims to acquire a 60% stake in Xinjiang Jinfengyuan Seed Industry Co., Ltd. for ¥21.3 million, which will become a subsidiary[26]