证券代码：300189 证券简称：神农科技 海南神农科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|--------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

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。 海南神农科技股份有限公司 2022 年第三季度报告 证券代码：300189 证券简称：神农科技 公告编号：2022-050 海南神农科技股份有限公司 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： 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） | 29,343,865.01 | -12.07% | 93,842,823.14 | -12.49% | | 归 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥64,498,958.13, a decrease of 12.68% compared to ¥73,861,433.86 in the same period last year[20]. - The net profit attributable to shareholders was -¥19,300,325.40, representing a decline of 39.18% from -¥13,867,177.58 in the previous year[20]. - The net cash flow from operating activities was -¥34,680,477.84, a significant decrease of 812.09% compared to -¥3,802,293.17 in the same period last year[20]. - The basic earnings per share were -¥0.0188, down 39.26% from -¥0.0135 in the previous year[20]. - The company's revenue for the reporting period was ¥64,498,958.13, a decrease of 12.68% compared to ¥73,861,433.86 in the previous year, primarily due to a decline in sales of hybrid rice seeds and agricultural products[46]. - The cost of sales decreased by 18.14% to ¥47,863,596.30 from ¥58,466,667.68, attributed to the drop in sales revenue[46]. - Research and development expenses were ¥5,134,739.01, down 28.91% from ¥7,223,166.40, mainly due to reduced R&D activities in the subsidiary Hunan Shennong Seed Industry[46]. - The gross margin for hybrid rice seeds was 19.96%, down 4.48% year-on-year, while the gross margin for agricultural products was 38.92%, up 29.16% year-on-year[48]. - The company reported a net loss of 5,511,637.63 from Shenzhen Shennong Weigu Supply Chain Co., Ltd.[64]. - Hunan Shennong Dafen Seed Industry Co., Ltd. generated a net profit of 2,484,407.95 during the reporting period[64]. - The company reported a total revenue of approximately 842.37 million, with a net profit of around 17.78 million for the reporting period[65]. - The net cash flow from financing activities increased by 1028.74% to ¥4,371,601.41 from -¥470,704.59, mainly due to increased bank borrowings by the subsidiary Hunan Shennong Seed Industry[46]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,028,321,400.47, a decrease of 9.84% from ¥1,140,601,046.20 at the end of the previous year[20]. - The net assets attributable to shareholders were ¥852,521,982.56, down 2.21% from ¥871,822,307.96 at the end of the previous year[20]. - The company's cash and cash equivalents decreased to ¥120,817,807.16, representing 11.75% of total assets, down from 19.21% in the previous year[52]. - Inventory decreased to 53,728,592.03, representing 5.22% of total assets, down from 6.03% at year-end, primarily due to a significant reduction in inventory at Hunan Shennong Seed Industry[53]. - Long-term equity investments increased to 231,163,756.58, accounting for 22.48% of total assets, up from 19.83%[53]. - Fixed assets stood at 258,757,678.95, making up 25.16% of total assets, a slight increase from 22.95%[53]. - Short-term borrowings rose to 16,828,136.11, representing 1.64% of total assets, compared to 1.06% previously[53]. - Prepayments increased significantly to 16,365,007.52, which is 1.59% of total assets, up from 0.44%[53]. - Other payables decreased to 13,876,692.98, now 1.35% of total assets, down from 4.94%[53]. - The company's total liabilities decreased from CNY 188,672,234.55 to CNY 100,438,153.87, a decline of about 46.8%[147]. - The company's total liabilities decreased to CNY 120,410,746.77 from CNY 215,230,311.91, a reduction of 44.1%[150]. Research and Development - Ongoing R&D projects include the development of high-quality rice varieties, with 100% completion on certain gene marker projects and 50% completion on others[34]. - The company has successfully signed contracts for the development of corn inbred lines with pest resistance and herbicide tolerance[34]. - The company has a strong focus on R&D, with several new varieties undergoing trials, including "劲单308" and "劲糯108", which are expected to yield high production[37]. - The company aims to enhance its R&D capabilities for superior seed varieties and reduce the development cycle for new products, which currently takes 5-8 years[66]. - The company plans to improve its integrated breeding innovation system and expand collaborations with agricultural research institutions to boost its seed variety reserves and development capabilities[67]. Corporate Governance and Compliance - The company has not made any changes to its registered address or contact information during the reporting period[17]. - The company has strengthened internal control and compliance with laws and regulations to enhance information disclosure quality and market transparency[87]. - The company has not engaged in any violations regarding external guarantees during the reporting period[93]. - The semi-annual financial report has not been audited[94]. - The company confirms that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[194]. - The financial statements reflect the company's financial position, operating results, and cash flows accurately and completely[195]. Market and Competition Risks - The company faced significant risks impacting future development, which are detailed in the report[3]. - The company acknowledges market competition risks due to low industry concentration and aims to improve its financial situation by increasing R&D investment and marketing efforts[71]. - The company faces risks related to natural disasters affecting seed production, but it is implementing measures to mitigate these risks through standardized production bases and enhanced breeding technology[70]. Shareholder Information - The total number of shares is 1,024,000,000, with 60,950,327 shares (5.95%) under limited sale conditions and 963,049,673 shares (94.05%) under unlimited sale conditions[127]. - The largest shareholder, Cao Oujie, holds 183,666,101 shares, representing 17.94% of total shares, with 60,950,252 shares under limited sale conditions[131]. - The second largest shareholder, Hunan Hongde Asset Management Co., Ltd., holds 46,766,430 shares, representing 4.57% of total shares, with a reduction of 28,141,900 shares during the reporting period[131]. - The company has a total of 86,335 shareholders at the end of the reporting period[131]. - The report indicates that there are no related party transactions among the top 10 shareholders[132]. Legal Matters - The company has ongoing litigation related to a contract dispute, with a judgment requiring the defendant to pay 1,907,200 yuan plus penalties[97]. - The company has initiated a lawsuit to protect its legal rights regarding the dissolution dispute of a subsidiary, with the first-instance judgment rejecting the plaintiff's claims[101]. - The company is involved in other litigation matters, with a total amount of RMB 1.0156 million (¥101.56 million) at stake, which is currently under court mediation[105]. - The company is involved in 12 ongoing legal cases, with 3 concluded, 3 in execution, and 2 under review[106]. Social Responsibility - The company donated 2,500 sets of protective materials to support the frontline medical staff in Sanya during the COVID-19 outbreak in Hainan Province[88]. - The company has undertaken national and provincial-level disaster relief and reserve tasks for conventional early rice and hybrid corn, contributing to national food security[85]. - The company has actively participated in agricultural development initiatives in Southeast Asia, supporting the Belt and Road Initiative[86].

Financial Performance - The company's revenue for Q1 2022 was ¥47,237,741.65, representing a 28.27% increase compared to ¥36,826,602.08 in the same period last year[3] - The net profit attributable to shareholders was -¥4,053,976.37, a significant decline of 899.29% from -¥405,687.61 year-on-year[3] - The net cash flow from operating activities was -¥23,119,814.75, a decrease of 631.96% compared to ¥4,346,136.10 in the previous year[3] - Total operating revenue for the first quarter was CNY 47,237,741.65, an increase of 28.5% compared to CNY 36,826,602.08 in the previous period[23] - The net loss for the period was CNY 5,188,590.74, compared to a net loss of CNY 1,204,029.72 in the previous period, indicating a worsening of 331.5%[24] - The total comprehensive income attributable to the parent company was -4,053,976.37 CNY, compared to -405,687.61 CNY in the previous period, indicating a significant decline[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,056,272,471.23, down 7.39% from ¥1,140,601,046.20 at the end of the previous year[3] - Total liabilities decreased to CNY 109,532,250.32 from CNY 188,672,234.55, a reduction of 42.0%[21] - Cash and cash equivalents decreased to CNY 143,185,989.56 from CNY 219,061,037.57, a decline of 34.6%[20] - The total assets decreased to CNY 1,056,272,471.23 from CNY 1,140,601,046.20, a decline of 7.4%[21] Cash Flow - Cash inflows from operating activities totaled 33,801,424.19 CNY, down 65.2% from 97,269,409.46 CNY in the previous year[26] - Cash outflows from operating activities amounted to 56,921,238.94 CNY, compared to 92,923,273.36 CNY in the previous period, reflecting a reduction of 38.7%[27] - The net cash flow from investing activities was -62,786,002.40 CNY, a decline from 19,289,109.07 CNY in the previous year[27] - Cash inflows from investment activities were 182,413,428.28 CNY, a decrease from 317,093,708.07 CNY in the previous year[27] - The company incurred cash outflows from investment activities totaling 245,199,430.68 CNY, down from 297,804,599.00 CNY in the previous period[27] Shareholder Information - The company’s major shareholders include Cao Oujie with 122,715,849 shares (approximately 19.5%), and Hunan Hongde Asset Management Co., Ltd. with 51,028,330 shares (approximately 8.0%)[13] - The top ten shareholders do not have any associated relationships or act in concert as per the regulations.[13] - The company has received multiple requests from Hunan Hongde regarding the equity transfer, indicating ongoing negotiations and potential changes in ownership structure.[16] - The company is actively managing its shareholder relations and addressing proposals for extraordinary general meetings to discuss significant transactions.[16] Legal and Equity Transfer - The company plans to transfer 100% equity of its wholly-owned subsidiary, Hainan Baoting Nanfan Seed Industry, for no less than RMB 173 million (approximately $26.5 million) to Hainan Hailisi Medical Equipment Co., Ltd.[15] - The transfer price agreed upon with Hainan Hailisi Medical is RMB 183 million (approximately $28 million), with a deposit of RMB 36.6 million (approximately $5.6 million) already received.[15] - The company has faced legal proceedings related to the equity transfer, with a civil judgment issued on June 28, 2021, and the case concluded by March 31, 2022.[17] - As of March 31, 2022, the company has resolved the litigation concerning the equity transfer, and the court has lifted the seizure of land use rights for the subsidiary.[17] Investment and Income - The company reported a 381.49% increase in investment income, amounting to an increase of ¥2,684,800.00 from equity method investments[8] - The company reported an investment income of CNY 3,388,599.45, significantly higher than CNY 703,775.36 in the previous period[24] Operational Metrics - The company experienced a 59.04% decrease in contract liabilities, down by ¥10,183,200.00, as subsidiaries delivered goods to prepaid customers[8] - The company received government subsidies amounting to ¥617,906.39, which are closely related to its normal business operations[5] - Research and development expenses were CNY 2,721,609.36, down from CNY 3,650,600.62, a decrease of 25.5%[24] - The company has not conducted an audit for the first quarter report[28]

Financial Performance - The company reported a net loss of ¥56,321,751.89, a year-on-year reduction in loss of 53.90%[5] - The net profit attributable to the parent company was ¥-56,826,688.31, a year-on-year reduction in loss of 51.90%[5] - The significant reduction in loss was primarily due to the absence of asset impairment losses from a subsidiary, which amounted to ¥145,159,900 in the previous year[5] - The company expects a profit increase of ¥36,600,000 due to the reduction of liabilities related to a subsidiary's equity transfer litigation[5] - The company experienced a decrease of ¥39,816,600 in profit due to reduced receivables from a subsidiary compared to the previous year[5] - The company's operating revenue for 2021 was ¥147,833,027.35, an increase of 14.27% compared to ¥129,368,353.32 in 2020[25] - The net profit attributable to shareholders was -¥56,826,688.31, showing a 51.90% improvement from -¥118,146,750.92 in the previous year[25] - The net cash flow from operating activities decreased by 80.13% to ¥13,995,838.54 from ¥70,425,069.94 in 2020[25] - The total assets at the end of 2021 were ¥1,140,601,046.20, reflecting a 3.19% increase from ¥1,105,393,533.35 at the end of 2020[25] - The net assets attributable to shareholders decreased by 6.12% to ¥871,822,307.96 from ¥928,648,996.27 in 2020[25] - The company reported a basic earnings per share of -¥0.0555, improving by 51.91% from -¥0.1154 in 2020[25] - The weighted average return on equity was -6.31%, an increase of 5.63 percentage points from -11.94% in the previous year[25] Revenue and Sales - The company generated a total of ¥40,598,130.52 in revenue during the fourth quarter of 2021, which was the highest quarterly revenue for the year[29] - The agricultural segment accounted for ¥144,455,752.60, or 97.72% of total revenue, with a year-on-year growth of 12.51%[71] - The revenue from hybrid rice seeds decreased by 2.27% to ¥79,750,396.57, while corn seed revenue increased by 38.89% to ¥21,111,288.65[71] - The company’s overseas revenue surged by 210.91% to ¥10,804,659.11, indicating strong international market performance[72] - The rental income from warehouses increased significantly by 307.06% to ¥1,538,582.97[72] Research and Development - The company has initiated 345 new rice breeding combinations and screened over 6,800 trial combinations in its research efforts this year[53] - Currently, the company is developing 35 new crop varieties, including 8 rice varieties, 24 corn varieties, 2 rapeseed varieties, and 1 soybean variety[55] - The company has established partnerships with agricultural research institutions and other seed companies to enhance its R&D capabilities[53] - The company aims to achieve high adaptability and yield in its new rice varieties through innovative breeding techniques[54] - The company has developed a research and development model that focuses on obtaining proprietary intellectual property for new crop varieties and efficient breeding technologies[64] - The company has completed trials for multiple new crop varieties in various regions, including high-yield and disease-resistant strains[60] - The company has established a comprehensive internal control system that is effectively implemented, ensuring compliance with relevant laws and regulations[171] Governance and Compliance - The company has established a transparent and independent governance structure, ensuring that the board of directors operates in compliance with legal requirements and that shareholders, especially minority shareholders, have equal rights[121] - The company has no significant discrepancies between its governance practices and the regulations set by the China Securities Regulatory Commission, ensuring compliance and transparency[129] - The company has a dedicated financial department with an independent accounting system and financial management practices, ensuring financial autonomy from its controlling shareholders[131] - The company has established a communication mechanism with the capital market to maintain transparency and protect the rights of minority investors[192] - The company has revised multiple internal control and disclosure policies to enhance governance and protect shareholder rights, ensuring compliance with relevant laws and regulations[192] Employee and Management - The total number of employees at the end of the reporting period was 191, with 40 in the parent company and 151 in major subsidiaries[173] - The employee composition included 27 production personnel, 32 sales personnel, 38 technical personnel, 19 financial personnel, and 75 administrative personnel[173] - The company has implemented a performance-based salary system to align employee performance with corporate strategic goals[175] - The total remuneration for directors, supervisors, and senior management in 2021 amounted to 4.8456 million yuan[153] - The company has continued to execute the remuneration payment plan as approved by the shareholders' meeting[153] Social Responsibility - The company has actively participated in poverty alleviation projects since 2018, benefiting over 30 registered poor households in Hainan's Lingao County, generating economic benefits exceeding 1 million yuan[195] - The company has established a profit-sharing mechanism with farmers, leading to an average annual income increase of over 1,000 yuan for approximately 23,080 farmers over the past three years[195] - The company donated 20 tons of rice and 20,000 medical masks during the COVID-19 pandemic to support frontline workers and local communities[193] - The company has established a special fund for environmental maintenance in the Jiulongfeng protection area, supporting daily environmental protection efforts[196] - The company has contributed non-GMO corn seeds to local communities to support sustainable agricultural practices and protect natural habitats[196] Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts[6] - The company has implemented measures to mitigate natural disaster risks, including adjusting seed production base layouts and increasing seed reserves, but severe natural disasters could still significantly impact seed yield and quality[116] - The company has identified risks associated with new product development, including the long time frame (5-8 years) required for new varieties to reach the market[112] - The company is focused on maintaining clear property rights and asset separation from its controlling shareholder[134] Future Plans - The company aims to enhance its research and development capabilities by integrating resources across regional subsidiaries, which is expected to improve breeding efficiency and market competitiveness[108] - The company plans to establish a modern seed industry group that integrates breeding, production, and marketing, leveraging regional advantages and policy support[105] - The company is focusing on developing new varieties that meet market demands, with a commitment to enhancing its independent innovation capabilities and establishing a commercial breeding system[106] - The company intends to capitalize on policy incentives related to the Hainan Free Trade Port to enhance its breeding capabilities and project reserves[107]

海南神农科技股份有限公司 2021 年第三季度报告 证券代码：300189 证券简称：神农科技 公告编号：2021-070 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减 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | | | 同期增减 | | 营业收入（元） | 33,373,462.97 | 42.61% | 107,234,896.83 | 45.66% | | 归属于上市公司股东的 | -4,663,962.62 | 66.91% | -18,531,140.20 | -152.72% | | 净利润（元） | | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | -6,472,336.92 | 48.47% | -33,010,484.36 | -213.62% | | 利润（元） | | | | | | 经营活动产生的现金流 | —— | —— | -19,713,174.03 | -137.41% | | 量净额（元） | | | | | | 基本每 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥73,861,433.86, representing a 47.08% increase compared to ¥50,218,955.49 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥13,867,177.58, a decrease of 128.79% from ¥48,167,180.72 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥26,538,147.44, down 165.47% from ¥40,537,026.31 in the same period last year[18]. - The net cash flow from operating activities was -¥3,802,293.17, a decline of 46.93% compared to -¥2,587,878.65 in the previous year[18]. - The basic earnings per share were -¥0.0135, a decrease of 128.72% from ¥0.047 in the same period last year[18]. - The company reported a net loss of CNY 404,827,671.13, worsening from a loss of CNY 390,960,493.55 in the previous period[129]. - The company reported a negative operating profit of ¥22,436,747.37 for the first half of 2021, down from a positive operating profit of ¥46,210,503.66 in the first half of 2020[134]. - The total equity attributable to the parent company decreased by ¥13,867,177.58 during the period, primarily due to comprehensive income losses[145]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,120,769,703.44, an increase of 1.39% from ¥1,105,393,533.35 at the end of the previous year[18]. - The company's total assets included cash and cash equivalents of ¥216,469,318.64, representing 19.31% of total assets, showing a slight increase from the previous year[47]. - The company's long-term equity investments were valued at ¥227,864,334.43, accounting for 20.33% of total assets, with no significant changes noted[48]. - Total current assets as of June 30, 2021, amount to 377,026,024.75 yuan, an increase from 369,986,877.58 yuan at the end of 2020[127]. - Current liabilities rose to CNY 114,760,107.47, up from CNY 77,950,598.33, indicating an increase of approximately 47.1%[129]. - The total liabilities increased to CNY 128,242,297.97 from CNY 96,638,346.55, indicating a rise of about 32.7%[129]. Research and Development - Ongoing R&D projects include the development of high-quality rice varieties, with some projects in the acceptance stage and others nearing completion[29]. - The company is currently testing multiple new rice varieties, with characteristics such as high yield and disease resistance, in various trial stages[30]. - The company has introduced several new rice varieties, including Q香优352 and 神农优447, which have shown high yield and quality in trials[31]. - Research and development expenses surged by 1,204.36% to ¥7,223,166.40, attributed to the inclusion of Chongqing Zhongyi Agricultural Industry in the consolidated financial statements[42]. - The company is expanding its research and development efforts across various regions, including Hunan and Guizhou, to test new crop varieties and improve breeding techniques[37]. Business Operations - The main business focus is on hybrid rice seed breeding, production, sales, and technical services, positioning the company as a key player in China's seed industry[25]. - The company has established a "one-stop grain production supply chain management service" model, integrating sales with farmers and rice processing factories[27]. - The company is providing comprehensive supply chain management services to new agricultural entities, helping to reduce production costs and improve efficiency[39]. - The company is actively participating in national initiatives to enhance the seed industry and promote the development of proprietary crop varieties[33]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares[3]. - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts[3]. - The company has invested 32 million in bank wealth management products, with an outstanding balance of 42 million[53]. - The company did not engage in any entrusted loans during the reporting period[54]. - There were no significant asset sales during the reporting period[55]. Legal Matters - The company is involved in significant litigation regarding a contract dispute, with a claim for overdue payment of CNY 1,907,200 and related legal fees[84]. - The company has filed a lawsuit against a subsidiary for dissolution, which was dismissed by the court, and an appeal has been filed[87]. - The company is pursuing a legal case regarding a land transfer fee dispute, with a total claim of CNY 4.293 million[88]. - The company faced a lawsuit involving 2.6107 million yuan related to securities fraud, which was dismissed by the court[91]. - A total of 12 legal cases were reported, with 1 case concluded and 4 cases adjudicated but not yet enforced[92]. Shareholder Changes - Hunan Hongde transferred 52 million shares (5.08% of total shares) to Yang Xide at a price of RMB 4.2 per share, totaling RMB 218.4 million[106]. - After the transfer, Hunan Hongde's shareholding decreased from 16% to 10.92%, while Yang Xide became the third largest shareholder[106]. - The company plans to transfer 100% of its subsidiary Hainan Baoting Nanfan Seed Industry for no less than RMB 173 million, with a signed agreement for RMB 183 million[108]. - The company received a deposit of RMB 36.6 million, which is 20% of the total transfer price for the subsidiary[108]. - The total number of shares after the recent changes is 1,024,000,000, with 94.05% being unrestricted shares[112]. Risk Management - The company faces risks in new product development due to the long cultivation cycle of new varieties, which can take 5-8 years to market[60]. - To mitigate new product development risks, the company plans to enhance its R&D capabilities and shorten the development cycle of new varieties[61]. - The company has implemented measures to mitigate natural disaster risks, including optimizing the layout of seed production bases and enhancing the application of biotechnological breeding techniques[64]. - The seed industry in China has a low market concentration, and the company faces significant competition from foreign seed companies, necessitating breakthroughs in technology innovation and market network layout[65]. Corporate Governance - The company has no overdue commitments from actual controllers, shareholders, related parties, acquirers, or other parties as of the end of the reporting period[78]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[79]. - The company has no instances of illegal external guarantees during the reporting period[80]. - The semi-annual financial report has not been audited[81]. - The company has not reported any changes in the scope of consolidation during the reporting period[168].

Financial Performance - The company's operating revenue for Q1 2021 was ¥36,826,602.08, representing a 73.21% increase compared to ¥21,261,694.62 in the same period last year[8]. - The net profit attributable to shareholders was -¥405,687.61, showing a 90.22% improvement from -¥4,149,156.66 year-on-year[8]. - The net cash flow from operating activities was ¥4,346,136.10, a significant increase of 158.33% compared to -¥7,450,372.39 in the previous year[8]. - The company achieved operating revenue of ¥36,826,602.08, a year-on-year increase of 73.21%[17]. - Net profit loss was reduced by 72.38% to -¥1,204,029.72, with the net profit attributable to shareholders of the parent company at -¥405,687.61, a reduction of 90.22%[17]. - Total operating revenue for Q1 2021 was CNY 36,826,602.08, an increase of 73% compared to CNY 21,261,694.62 in the same period last year[56]. - Total operating costs for Q1 2021 were CNY 49,506,943.56, up 78% from CNY 27,839,435.39 year-over-year[56]. - Net loss for Q1 2021 was CNY 1,204,029.72, a reduction in loss compared to CNY 4,359,483.22 in Q1 2020[58]. - Operating profit for Q1 2021 was CNY -7,366,553.98, worsening from CNY -4,393,072.95 in the previous year[56]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,133,948,964.85, reflecting a 2.58% increase from ¥1,105,393,533.35 at the end of the previous year[8]. - The company’s total assets reached ¥1,133,948,964.85, a growth of 2.58% compared to the previous year[17]. - Current assets totaled CNY 386,181,938.49, up from CNY 369,986,877.58, indicating an increase of about 4.5%[50]. - The company's cash and cash equivalents increased to CNY 226,879,595.46 from CNY 203,433,539.63, reflecting a growth of approximately 11.5%[50]. - Total current liabilities rose to CNY 107,338,058.78 from CNY 77,950,598.33, marking an increase of around 37.8%[52]. - The total liabilities increased to CNY 126,397,807.77 from CNY 96,638,346.55, which is an increase of approximately 30.8%[52]. - The total equity attributable to shareholders decreased slightly to CNY 928,243,308.66 from CNY 928,648,996.27, a decline of about 0.04%[52]. - The company reported a net loss of CNY -391,366,181.16 as of March 31, 2021, compared to CNY -390,960,493.55 at the end of 2020, indicating a slight increase in losses[52]. - The company’s inventory decreased to CNY 31,495,510.44 from CNY 49,063,288.51, a reduction of approximately 35.7%[50]. - The company’s long-term investments remained stable at CNY 227,908,588.90, showing a minor decrease from CNY 228,398,521.39[51]. - The company’s fixed assets increased to CNY 254,792,719.43 from CNY 239,900,899.81, reflecting a growth of about 6.5%[51]. Shareholder Information - The total number of shareholders at the end of the reporting period was 86,719, with the top ten shareholders holding significant stakes[11]. - The largest shareholder, Cao Oujie, held 17.94% of the shares, totaling 183,666,101 shares[11]. - The company did not experience any changes in its total share capital due to new share issuance or other equity-related activities during the reporting period[8]. - A shareholder has agreed to transfer 52 million shares at a price of RMB 4.2 per share, totaling RMB 218.4 million, reducing their stake from 16% to 10.92%[36]. Research and Development - Research and development expenses rose by ¥2,535,200, an increase of 227.30%, reflecting higher investment in R&D after the consolidation[1]. - The company plans to enhance its research and development capabilities for superior varieties and shorten the development cycle for new varieties[28]. - Research and development expenses increased to CNY 3,650,600.62, up from CNY 1,115,374.58 in the same quarter last year, reflecting a focus on innovation[56]. Legal and Compliance - The company has initiated legal proceedings to dissolve Bolian Gene due to its ineffective governance structure and lack of operational activities[39]. - The company is involved in 11 other legal cases, with 1 case concluded and 3 cases already adjudicated but not executed[42]. - The company has no violations regarding external guarantees during the reporting period[44]. - There are no non-operational fund occupations by controlling shareholders or related parties during the reporting period[45]. - The company has not engaged in any share repurchase activities during the reporting period[43]. - The company has not reported any significant changes in net profit compared to the same period last year[44]. - The company has not conducted any investor communications or interviews during the reporting period[46]. Strategic Initiatives - The company plans to enhance market competitiveness by optimizing resource allocation and improving breeding efficiency through collaboration among subsidiaries[21]. - The company aims to explore new business development paths, focusing on the production and industrialization of health oils and functional rice varieties[22]. - The company intends to strengthen financing channels and improve fund management to meet operational funding needs[23]. - The company is adjusting its strategic planning to improve financial conditions by expanding revenue sources and reducing marketing costs[33]. - The company plans to transfer 100% equity of its wholly-owned subsidiary for no less than RMB 173 million, with a signed agreement for RMB 183 million[34]. Cash Flow and Investments - Total cash inflow from operating activities was CNY 97,269,409.46, compared to CNY 18,930,956.22 in the same period last year[63]. - The net cash flow from operating activities for the parent company was CNY 2,346,585.79, compared to a negative cash flow of CNY -1,134,389.89 in the previous period, indicating a significant improvement[66]. - Total cash and cash equivalents at the end of the period reached CNY 205,921,801.51, up from CNY 104,429,044.01 in the same period last year, reflecting a year-over-year increase of approximately 97%[66]. - The net cash flow from investment activities was CNY 21,010,319.51, compared to CNY 16,734,886.45 in the previous period, showing a growth of about 25.6%[66]. - The company reported cash outflows from investment activities of CNY 272,500,000.00, indicating a significant investment in growth initiatives[66]. - The company disposed of subsidiaries and other business units, receiving CNY 36,600,000.00, which is a significant increase from CNY 10,000,000.00 in the previous period[66]. - The cash flow from the disposal of fixed assets and other long-term assets was CNY 6,552,762.92, compared to CNY 0 in the previous period, indicating active asset management[66].

Financial Performance - The company reported a net loss of ¥122,185,147.38 for the year, a year-on-year reduction in loss of 63.85%[5] - The net profit attributable to the parent company was ¥-118,146,750.92, with a year-on-year reduction in loss of 64.12%[5] - The company's operating revenue for 2020 was ¥129,368,353.32, an increase of 15.04% compared to ¥112,458,427.26 in 2019[19] - The net profit attributable to shareholders was -¥118,146,750.92, showing a 64.12% improvement from -¥329,317,069.35 in the previous year[19] - The net cash flow from operating activities was ¥70,425,069.94, a significant increase of 163.32% compared to -¥111,222,322.37 in 2019[19] - The total assets at the end of 2020 were ¥1,105,393,533.35, a decrease of 1.50% from ¥1,122,177,083.34 at the end of 2019[19] - The company's basic earnings per share for 2020 was -¥0.1154, improving by 64.12% from -¥0.3216 in 2019[19] - The weighted average return on equity was -11.94%, an increase of 15.21 percentage points from -27.15% in 2019[19] - The company reported a total of ¥128,396,183.36 in revenue after deducting non-operating income, compared to ¥111,863,609.41 in 2019[19] Cost Management - The main business gross margin significantly increased during the reporting period[5] - The company implemented cost control measures, resulting in a substantial decrease in period expenses[5] - The gross profit margin for the agricultural segment was 30.51%, with a decrease in operating costs by 33.85% year-on-year[63] - The company's raw material costs decreased by 35.87% compared to the previous year, primarily due to improved management and the inclusion of Chongqing Zhongyi Industry in the consolidated financial statements[67] - Manufacturing costs and direct labor increased by 38.84% and 2,112.24% respectively, mainly due to the consolidation of Chongqing Zhongyi Industry's expenses and increased labor costs from enhanced seed selection efforts[67] Research and Development - Ongoing R&D projects include the development of high-quality rice varieties, with several new combinations achieving national quality standards[34] - The company has completed initial trials for 27 new crop varieties, with many awaiting national or provincial approval[36] - The company is focused on developing low-cadmium accumulation materials for sweet corn, with several research goals set for publication and new results[34] - The company’s research and development efforts in hybrid rice breeding have been recognized as a key innovation in seed production, significantly improving yield without increasing production costs[41] - The number of R&D personnel increased to 40, representing 21.86% of the workforce, due to the consolidation of Chongqing Zhongyi Industry[73] Market Position and Strategy - The company is engaged in the breeding, production, and sales of hybrid rice seeds and other crop seeds, establishing itself as a key player in China's seed industry[29] - The company has set up a post-doctoral research workstation, enhancing its reputation and position in the industry[29] - The company is actively exploring new development paths, including the promotion of alternative varieties for liquor sorghum and the implementation of government procurement projects[49] - The company aims to strengthen its core seed industry by leveraging the opportunities presented by the Hainan Free Trade Port, focusing on resource optimization and enhancing breeding and management capabilities[108] - The company will explore new growth paths by focusing on the production and industrialization of health oils, functional rice, and high-quality sorghum varieties, while also promoting international cooperation in rice variety technology[113] Legal and Compliance Issues - The company faced a lawsuit regarding a contract dispute, with a judgment requiring the defendant to pay CNY 1,907,200 and legal fees of CNY 103,000[137] - The company is involved in a legal dispute over land transfer fee penalties amounting to CNY 4,293,000, with ongoing appeals[140] - The company has not encountered any issues regarding the disclosure of raised funds, ensuring timely and accurate reporting[97] - The total amount involved in various lawsuits is approximately 1,120.79 million yuan, with no expected impact on liabilities[143] - The company has faced multiple lawsuits related to securities false statements, with a total claim amount of 53.50 million yuan, which has not been recognized as a liability[143] Shareholder and Governance - The company’s total shares amount to 1,024,000,000, with 94.05% being unrestricted shares[180] - The largest shareholder, Cao Oujie, holds 17.94% of the shares, totaling 183,666,101 shares[182] - The company has 10 major shareholders, none of whom have any related party relationships or are considered acting in concert[183] - The actual controller of the company is Cao Oujie, who has not changed during the reporting period[185] - The company’s independent directors have fulfilled their responsibilities in the profit distribution process, ensuring the protection of all shareholders' interests[126] Future Outlook and Risks - The seed market in China is expected to maintain a slow growth trend, supported by government policies promoting innovation and reform in the seed industry[104] - The company anticipates that the fourth agricultural technology revolution, characterized by "biotechnology + information technology," will accelerate the development of the seed industry[105] - The company recognizes the risk of new product development, which can take 5-8 years from breeding to market introduction, and aims to enhance its R&D capabilities to mitigate this risk[116][117] - The company faces management risks during its strategic transition and aims to establish a robust management system tailored to industry characteristics[118] - The company is vulnerable to natural disaster risks affecting seed production and is implementing measures to mitigate these risks through standardized production and improved breeding technology[119]

Financial Performance - Operating revenue for the current period reached CNY 23,402,321.87, a significant increase of 416.45% year-on-year[7] - The company reported a net profit of CNY 35,149,786.02 for the year-to-date, an increase of 140.23% compared to the same period last year[7] - The net loss for Q3 2020 was CNY 12,865,041.58, compared to a net loss of CNY 56,497,999.85 in Q3 2019, indicating an improvement of approximately 77%[38] - The total comprehensive loss for the period was CNY -12,865,041.58, compared to CNY -56,497,999.85 in the previous year, showing a reduction in losses of approximately 77%[38] - The company reported a significant increase in other income to CNY 1,350,735.29 from CNY 832,835.03, marking a growth of about 62% year-over-year[36] Assets and Liabilities - Total assets increased by 16.28% to CNY 1,304,883,662.34 compared to the end of the previous year[7] - Total liabilities increased to CNY 154,834,407.34 from CNY 77,326,373.56, showing a significant rise of 100.0%[33] - The company's total equity rose to CNY 1,150,049,255.00 from CNY 1,044,850,709.78, an increase of 10.1%[33] - Total current assets increased to CNY 417,895,451.19 from CNY 252,480,470.32, representing a growth of approximately 65.5% year-over-year[31] - The total current assets were CNY 347,918,260.55, with cash and cash equivalents at CNY 88,828,547.45[60] Cash Flow - The net cash flow from operating activities surged by 8,375.84% to CNY 55,280,466.64[7] - Cash and cash equivalents increased by CNY 70.17 million, a year-on-year growth of 67.43%, mainly due to the recovery of payments by subsidiary Shenzhen Shennong Weigu Supply Chain Co., Ltd. and the collection of equity transfer payments from Sichuan Shennong Dafeng Seed Industry Technology Co., Ltd.[16] - Operating cash flow for the period reached ¥52,692,587.99, a significant improvement compared to the previous period's negative cash flow of -¥42,409,009.20[49] - The company achieved a net increase in cash and cash equivalents of ¥70,166,219.32, contrasting with a decrease of -¥56,859,344.84 in the previous period[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 82,891[12] - The largest shareholder, Hunan Hongde Asset Management Co., Ltd., holds 18.00% of the shares, totaling 184,347,500 shares[12] Research and Development - Research and development expenses increased by CNY 2.33 million, a rise of 96.21%, due to the consolidation of Chongqing Zhongyi Seed Industry Co., Ltd.[18] - Research and development expenses increased to CNY 4,756,859.94, up from CNY 2,424,390.72, reflecting a growth of about 96% year-over-year[36] Legal and Compliance - The company has no violations regarding external guarantees during the reporting period[25] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[26] - The company has a total of 814.60 million yuan involved in ongoing litigation, with 13 cases, of which 1 has been concluded and 8 are under review[19] Other Information - The company did not conduct any investor research, communication, or interviews during the reporting period[27] - The company has not disclosed any performance forecasts for the upcoming reporting period[24] - The report for the third quarter was not audited[62]