ZSIG(SH:600313)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,054,210,962.64, representing a 63.64% increase compared to ¥1,255,332,734.05 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥3,512,184.00, an improvement of 61.31% from -¥9,078,698.36 in the previous year[20]. - The net cash flow from operating activities was -¥168,422,854.42, a significant decline of 304.78% compared to ¥82,244,597.23 in the same period last year[20]. - The total assets decreased by 7.18% to ¥3,081,771,505.78 from ¥3,320,001,240.25 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company slightly decreased by 0.22% to ¥1,464,004,686.73 from ¥1,467,297,044.45 at the end of the previous year[20]. - The basic earnings per share for the first half of 2021 was -¥0.0032, showing a 61.90% improvement from -¥0.0084 in the same period last year[21]. - The weighted average return on net assets increased by 0.39 percentage points to -0.24% from -0.63% in the previous year[21]. - The company reported a net loss of CNY 53.48 million for the period, compared to a loss of CNY 50.19 million in the previous period[132]. - The company reported a decrease in short-term borrowings by 25.22% to 177.90 million yuan, indicating an increase in loan repayments[46]. - The company achieved an operating revenue of 2.054 billion yuan in the first half of 2021, representing a year-on-year increase of 63.64% compared to 1.255 billion yuan in the same period last year[43]. Asset Management - The company reported a decrease in total assets and net assets, indicating potential challenges in asset management and capital efficiency[20]. - The total assets of the company at the end of the reporting period amounted to 3.082 billion yuan, with total liabilities of 0.932 billion yuan and net assets of 2.149 billion yuan[43]. - The company's total current assets were CNY 1,898.18 million, down from CNY 2,110.09 million at the end of 2020, representing a decrease of approximately 10%[126]. - The company's inventory decreased to CNY 356.07 million from CNY 399.55 million, a reduction of approximately 10.9%[126]. - The company's accounts receivable decreased to CNY 234.70 million from CNY 264.43 million, a decline of about 11.3%[126]. Research and Development - The company has established a comprehensive commercial R&D system, focusing on conventional breeding and collaborating with domestic and international research institutions[28]. - Research and development expenses increased by 35.72% to 16.26 million yuan, reflecting increased investment in R&D projects[43]. - The company has established a strong research and development capability, with numerous new varieties undergoing trials, which will support its competitive advantage and sustainable development[36]. - The company is advancing key technology projects and innovation initiatives, including the development of new corn varieties and participation in space mutation experiments to expand genetic resources[42]. - The company aims to establish a commercialized research and innovation system by integrating R&D efforts across its subsidiaries, focusing on developing competitive seed varieties that meet market demands[56]. Market Position and Strategy - The core business includes research, production, and sales of crop seeds, with a focus on corn, rice, and wheat seeds[28]. - The company has a strong market position, being rated AAA in the national seed industry credit evaluation and having several subsidiaries recognized as key credit enterprises[31]. - The company is positioned to benefit from favorable national policies aimed at enhancing the seed industry and ensuring food security[29]. - The agricultural industry is experiencing a shift towards integrated agricultural services, with the company adapting its sales strategies accordingly[29]. - The company plans to enhance its seed industry value by extending the seed industry chain and developing new profit growth points[54]. Environmental Management - The company has implemented a comprehensive safety and environmental management system to address risks associated with hazardous materials used in production, aiming to control safety and environmental risks effectively[60]. - The company has reported zero instances of exceeding pollutant discharge standards during the reporting period, indicating compliance with environmental regulations[68]. - The company has constructed facilities for the production of 10,000 tons of 2-methyl-6-ethyl aniline (MEA) and 10,000 tons of 2,6-diethyl aniline (DEA), all passing environmental protection acceptance[75]. - The company has implemented a comprehensive environmental monitoring plan, including 7 sets of exhaust treatment devices and 3 sets of online monitoring systems for waste gas[76]. - The company has optimized production processes to further reduce wastewater emissions, ensuring compliance with environmental standards[72]. Legal and Compliance Issues - The company is currently involved in a lawsuit regarding a debt of RMB 990,000 owed to Keli Machinery Factory, with a first-instance judgment requiring payment[101]. - The company has ongoing litigation related to a debt dispute with Yichang Jiahua Real Estate Co., with a claim of CNY 43.4 million plus interest[95]. - The company has initiated legal action against Yangzhou Today Seed Industry Co. for unauthorized sales of its "Yangfu Wheat No. 4" seeds, seeking RMB 2,000,000 in damages[104]. - The company is actively pursuing legal actions to enforce the court's decision regarding the debt recovery from Yichang Jiahua[95]. - 河南农化未实现2016年度业绩承诺利润，承诺人需支付业绩补偿款121.59 million yuan[98]. Shareholder and Capital Structure - The total number of ordinary shareholders at the end of the reporting period is 102,241[116]. - The largest shareholder, China Agricultural Reclamation Group, holds 250,250,000 shares, representing 23.12% of the total shares, with 97,759,653 shares frozen[116]. - The second-largest shareholder, China Agricultural Development Group, holds 157,718,120 shares, representing 14.57% of the total shares[116]. - The company has not experienced any changes in its share capital structure during the reporting period[115]. - The total amount of guarantees provided by the company, including those to subsidiaries, is 93.31 million RMB, which accounts for 6.37% of the company's net assets[112].