Core Viewpoint - The tomato industry is experiencing a downturn, leading to a significant decline in revenue for Guannong Co., Ltd. in the first three quarters of the year, with a year-on-year decrease of over 20% [1] Group 1: Financial Performance - In the first three quarters, Guannong Co., Ltd. reported a revenue of 2.136 billion yuan, a decrease of 24.8% year-on-year [1] - The net profit attributable to shareholders was 347 million yuan, showing a year-on-year increase of 4.56% [1] Group 2: Industry Challenges - The overall decline in the tomato industry has resulted in decreased sales and prices for the company's products, leading to inventory impairment affecting performance [1] - Geopolitical risks have had a substantial impact on the tomato industry, manifesting as trade disruptions, order fulfillment issues, and increased logistics costs [1] Group 3: Strategic Adjustments - The company is adjusting its production capacity release rhythm based on demand and is implementing measures such as optimizing product structure and controlling production and sales costs to mitigate industry cycle risks [1] - The company is focusing on enhancing sales efforts to ensure stable operations amid the industry's fluctuations [1] Group 4: Other Business Segments - Guannong Co., Ltd.'s main business includes tomatoes, cotton, and sugar beet, with significant contributions to performance coming from investments in Guotou Luokai and Kedu River Hydropower [2] - In the cotton sector, low initial inventory for the new cotton season in 2025 has provided some support for cotton prices, although demand remains weak, limiting the potential for sustained price increases [2]

Core Viewpoint - The company is facing significant financial challenges, including negative profits and net assets, which may lead to delisting risks from the Shenzhen Stock Exchange if not addressed [2][3]. Financial Performance - The company's total revenue for the reporting period was approximately 244.93 million yuan, a slight decrease of 0.08% compared to the previous year [5]. - The net profit attributable to shareholders was a loss of approximately 74.70 million yuan, compared to a profit of 11.80 million yuan in the same period last year [5]. - The company's total assets decreased by 20.62% to approximately 1.38 billion yuan, while net assets attributable to shareholders were negative at approximately -102.07 million yuan [5]. Business Operations - The company is involved in the production and international trade of large-pack tomato sauce, which has seen a decline in export value by approximately 40% year-on-year [8]. - The domestic market for tomato products has been growing at an average annual rate of 13% over the past three years, driven by increasing health awareness among consumers [8]. - The company has a significant geographical advantage in Xinjiang, which is a key area for tomato cultivation and processing [8]. Competitive Advantages - The company benefits from a strong resource base in Xinjiang, which is recognized as one of the world's best regions for tomato cultivation [8]. - The company has established an innovation mechanism that combines production, learning, and research, leading to the development of new products and technologies [7][8]. Risk Factors - The company is currently under a pre-restructuring process due to its inability to repay debts, which poses a risk of bankruptcy if the restructuring fails [3][10]. - The company plans to not distribute cash dividends or issue new shares, indicating a focus on financial recovery [3][10].

Performance Forecast - The company expects a net loss attributable to shareholders of between 60 million to 90 million yuan, compared to a profit of 11.8014 million yuan in the same period last year [1] - The net profit after deducting non-recurring gains and losses is expected to be a loss of 65 million to 95 million yuan, compared to a profit of 3.1979 million yuan last year [1] - The basic earnings per share is projected to be a loss of 0.0778 yuan to 0.1167 yuan, compared to a profit of 0.0153 yuan per share last year [1] Communication with Auditors - The performance forecast has not been reviewed by the accounting firm, but preliminary discussions have taken place, and there are no significant disagreements regarding the forecast [1] Reasons for Performance Changes - Despite a 160% year-on-year increase in sales volume of bulk tomato sauce, the average selling price decreased by approximately 60%, leading to a gross profit decline of about 170% [1] - The total amount of existing borrowings has increased, resulting in a 60% year-on-year increase in interest expenses [1]

关于对中基健康产业股份有限公司 深圳证券交易所重组问询函的回复 关于对中基健康产业股份有限公司 报告书显示,新疆新粮艳阳天番茄股份有限公司(以下简称"新粮艳阳天"或 "标的公司"）的主营业务为番茄制品的生产和销售,主要产品为大桶番茄酱和小包 装 番茄制品。此外,报告期内新粮艳阳天还从事番茄制品的贸易业务和代理服务。 2022 年,新粮艳阳天自产番茄制品业务收入 3,940.65 万元,占主营业务收入的 27.76%, 番茄制品贸易业务收入 10,205.54 万元,占主营业务收入的 71.89%，贸易业务收入中以 总额法确认收入占比 93.32%，以净额法确认收入占比 6.68%。 请你公司: (1)按业务模式,分季度说明新粮艳阳天报告期内主要业务的开展情况,包括 但不限于实现的营业收入、营业成本、毛利率等主要财务指标,并详细说明相关贸易 业务和代理服务的盈利模式; (2) 说明报告期内新粮艳阳天采用总额法和净额法确认收入的贸易业务内容、 金额,采用不同收入确认方法的依据及合理性; (3)说明标的公司贸易业务的销售路径,物流与资金流的匹配情况,相关客户 采购后的销售或使用情况、退换货情况,是否存在相关产品在各 ...