万向德农(600371) - 2025 Q2 - 季度财报

Section I Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section defines specific terms and company abbreviations used in the report to ensure clarity and consistency of content - The report provides clear definitions for common terms such as Wanxiang Sannong, Denong Seed, the Company or this Company, Wanxiang Denong, SSE or Exchange, and CSRC[15] Section II Company Profile and Key Financial Indicators](index=4&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides Wanxiang Denong's basic info, stock overview, and key financial indicators, explaining changes I. Company Information Wanxiang Denong Co., Ltd. (Wanxiang Denong) has Cui Liguo as its legal representative - The company's legal representative is Cui Liguo[10] II. Contact Person and Information He Xiaoshan is the Board Secretary; contact phone/fax is 0451-82368448, email wanxiangdenong@126.com - The Board Secretary is He Xiaoshan, with contact number 0451-82368448[11] III. Overview of Changes in Basic Information The company's registered address is No. 18 Yushan Road, Harbin; office at Room 1003, No. 227 Hongqi Street - The company's office address is located at Room 1003, No. 227 Hongqi Street, Xiangfang District, Harbin, Heilongjiang Province[12] IV. Overview of Changes in Information Disclosure and Document Custody Locations Information disclosure newspapers are China Securities Journal and Securities Daily; reports on www.sse.com.cn - The company's information disclosure newspapers are China Securities Journal and Securities Daily, and its website is **www.sse.com.cn**[13](index=13&type=chunk) V. Company Stock Overview The company's A-shares are listed on the Shanghai Stock Exchange, stock abbreviation Wanxiang Denong, code 600371 - The company's stock code is 600371, stock abbreviation Wanxiang Denong, listed on the Shanghai Stock Exchange[14] VII. Key Accounting Data and Financial Indicators Operating revenue and profit declined due to lower selling prices; operating cash flow improved but was negative Key Accounting Data for H1 2025 | Key Accounting Data | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 117,217,101.91 yuan | 155,032,880.36 yuan | -24.39 | | Total Profit | 27,561,208.86 yuan | 45,230,613.94 yuan | -39.07 | | Net Profit Attributable to Listed Company Shareholders | 24,852,586.20 yuan | 40,964,100.48 yuan | -39.33 | | Net Cash Flow from Operating Activities | -30,206,389.42 yuan | -61,598,671.06 yuan | Not applicable | | Net Assets Attributable to Listed Company Shareholders (Period-end) | 554,806,402.83 yuan | 573,840,516.63 yuan | -3.32 | | Total Assets (Period-end) | 711,811,652.47 yuan | 809,366,114.51 yuan | -12.05 | Key Financial Indicators for H1 2025 | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic EPS (yuan/share) | 0.0849 | 0.1400 | -39.36 | | Diluted EPS (yuan/share) | 0.0849 | 0.1400 | -39.36 | | Basic EPS after Non-recurring Gains/Losses (yuan/share) | 0.0820 | 0.1348 | -39.17 | | Weighted Average ROE (%) | 4.4040 | 7.1747 | decreased by 2.77 percentage points | | Weighted Average ROE after Non-recurring Gains/Losses (%) | 4.2527 | 6.9080 | decreased by 2.66 percentage points | - The primary reason for the decrease in operating revenue was lower selling prices in the current period[17] - The primary reason for the decrease in total profit and net profit was the decline in operating revenue[17] - The increase in net cash flow from operating activities was primarily due to reduced seed production area, leading to lower payments for seed production[17] IX. Non-recurring Gains/Losses Items and Amounts Total non-recurring gains and losses were 853,658.04 yuan, primarily from government grants 2025 Non-recurring Gains/Losses Items for H1 | Non-recurring Gains/Losses Items | Amount (yuan) | | :--- | :--- | | Government Grants Recognized in Current P&L (excluding those with continuous impact) | 964,510.43 | | Other Non-operating Income and Expenses (excluding the above) | -16,001.50 | | Impact on Minority Interests (after tax) | -94,850.89 | | Total | 853,658.04 | Section III Management Discussion and Analysis](index=6&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section analyzes the company's operating strategies, R&D, quality control, sales, and core competitiveness in an oversupplied corn seed market, detailing financial changes and risks [I. Discussion and Analysis of Operations](index=6&type=section&id=%E4%B8%80%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E