神农科技(300189) - 2021 Q4 - 年度财报

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]