2024 Q1 Form 20-F Financial Statement

#000110465924024556 Filed on February 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q3 2023
Revenue $92.04M $27.21M $13.00M
YoY Change 39.24% 338.02% 75.48%
Cost Of Revenue $74.34M $24.76M $10.59M
YoY Change 44.9% 732.17% 106.71%
Gross Profit $17.71M $2.457M $2.402M
YoY Change 19.63% -24.12% 5.3%
Gross Profit Margin 19.24% 9.03% 18.48%
Selling, General & Admin $10.22M $10.46M $3.146M
YoY Change -15.51% -9.15% 3.15%
% of Gross Profit 57.74% 425.56% 130.97%
Research & Development $3.220M $4.606M $1.037M
YoY Change 15.0% 38.86% -0.96%
% of Gross Profit 18.19% 187.46% 43.17%
Depreciation & Amortization $561.0K
YoY Change 2.19%
% of Gross Profit 23.36%
Operating Expenses $13.44M $15.06M $4.183M
YoY Change -10.38% 1.59% 2.1%
Operating Profit $4.262M -$12.60M -$1.781M
YoY Change -2231.0% 8.78% -1.93%
Interest Expense -$428.0K -$1.001M -$982.0K
YoY Change -87.68% -184.73%
% of Operating Profit -10.04%
Other Income/Expense, Net $1.491M $74.76M $9.707M
YoY Change -72.89% 258.54% -38.32%
Pretax Income $5.325M $57.46M $8.751M
YoY Change -1.39% -3351.56% 2584.36%
Income Tax $39.00K $7.000K $23.00K
% Of Pretax Income 0.73% 0.01% 0.26%
Net Earnings $1.355M $56.40M $7.706M
YoY Change -223.18% -847.5% -973.7%
Net Earnings / Revenue 1.47% 207.24% 59.3%
Basic Earnings Per Share $1.18
Diluted Earnings Per Share $0.21 $8.16 $1.17
COMMON SHARES
Basic Shares Outstanding 6.335M 6.546M
Diluted Shares Outstanding 6.562M

Balance Sheet

Concept 2024 Q1 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.42M $23.71M $23.71M
YoY Change -27.67% 34.18% 34.18%
Cash & Equivalents $10.42M $3.302M $23.71M
Short-Term Investments
Other Short-Term Assets $50.11M $12.20M $83.81M
YoY Change 65.36% 566.14% 153.84%
Inventory $25.70M $1.816M $13.04M
Prepaid Expenses
Receivables $4.124M $117.0K $839.0K
Other Receivables $33.50M $20.38M $20.38M
Total Short-Term Assets $123.8M $19.75M $141.8M
YoY Change 66.23% 71.95% 73.88%
LONG-TERM ASSETS
Property, Plant & Equipment $23.24M $21.10M $21.92M
YoY Change -51.17% -54.51% -54.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $67.48M $66.45M $66.65M
YoY Change 3869.65% 3831.83% 3843.67%
Other Assets $5.625M $682.0K $4.895M
YoY Change
Total Long-Term Assets $99.58M $13.47M $96.72M
YoY Change 85.43% 75.78% 77.75%
TOTAL ASSETS
Total Short-Term Assets $123.8M $19.75M $141.8M
Total Long-Term Assets $99.58M $13.47M $96.72M
Total Assets $223.4M $33.22M $238.5M
YoY Change 74.27% 73.48% 75.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.55M $687.0K $5.340M
YoY Change 69.91% -51.99% -49.46%
Accrued Expenses $113.0K $113.0K $8.102M
YoY Change 13.0% -5.04% -78.5%
Deferred Revenue
YoY Change
Short-Term Debt $5.457M $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Total Short-Term Liabilities $293.7M $43.66M $313.5M
YoY Change 15.34% 5.84% 7.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $860.0K $0.00
YoY Change -57.09%
Other Long-Term Liabilities $6.123M $6.305M $6.305M
YoY Change -60.75% -59.92% -59.92%
Total Long-Term Liabilities $6.123M $860.0K $6.305M
YoY Change -60.75% -57.09% -59.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $293.7M $43.66M $313.5M
Total Long-Term Liabilities $6.123M $860.0K $6.305M
Total Liabilities $279.4M $44.54M $295.9M
YoY Change 14.82% 2.47% 9.66%
SHAREHOLDERS EQUITY
Retained Earnings -$601.6M
YoY Change -8.42%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$55.94M -$7.995M -$57.40M
YoY Change
Total Liabilities & Shareholders Equity $223.4M $33.22M $238.5M
YoY Change 74.27% 73.49% 75.43%

Cashflow Statement

Concept 2024 Q1 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $1.355M $56.40M $7.706M
YoY Change -223.18% -847.5% -973.7%
Depreciation, Depletion And Amortization $561.0K
YoY Change 2.19%
Cash From Operating Activities -$12.09M -$759.0K
YoY Change -263.23%
INVESTING ACTIVITIES
Capital Expenditures $984.0K $1.241M
YoY Change 1310.23%
Acquisitions
YoY Change
Other Investing Activities $985.0K
YoY Change -305.21%
Cash From Investing Activities -$984.0K -$1.563M
YoY Change 901.92%
FINANCING ACTIVITIES
Cash Dividend Paid $28.00K
YoY Change -91.84%
Common Stock Issuance & Retirement, Net $2.729M
YoY Change 75.95%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -318.0K 3.193M
YoY Change -6893.62%
NET CHANGE
Cash From Operating Activities -12.09M -759.0K
Cash From Investing Activities -984.0K -1.563M
Cash From Financing Activities -318.0K 3.193M
Net Change In Cash -13.40M 871.0K
YoY Change 232.44%
FREE CASH FLOW
Cash From Operating Activities -$12.09M -$759.0K
Capital Expenditures $984.0K $1.241M
Free Cash Flow -$13.08M -$2.000M
YoY Change -630.5%

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RecoveryOnDueFromRelatedParties
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ImpairmentOnIntangibleAssets
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CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
226000
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
31000
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17166000
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11014000
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
19594000
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2729000
CY2021 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
2200000
CY2022 seed Repayment Of Due To Related Parties
RepaymentOfDueToRelatedParties
9252000
CY2023 seed Repayment Of Due To Related Parties
RepaymentOfDueToRelatedParties
1587000
CY2023 seed Repayment Of Due To Related Parties
RepaymentOfDueToRelatedParties
221000
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
2434000
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
200000
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
28000
CY2023 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
4900000
CY2023 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
682000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19838000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-332000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22933000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3193000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1857000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
6253000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
871000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22482000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15351000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17669000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2461000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-816000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
447000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-214000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-30000
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
133000
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
14000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15351000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17669000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23708000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3302000
CY2023 seed Noncontrolling Interest Capital Contribution
NoncontrollingInterestCapitalContribution
5575000
CY2023 seed Noncontrolling Interest Capital Contribution
NoncontrollingInterestCapitalContribution
776000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2021 us-gaap Interest Paid Net
InterestPaidNet
0
CY2022 us-gaap Interest Paid Net
InterestPaidNet
0
CY2023 us-gaap Interest Paid Net
InterestPaidNet
0
CY2023 us-gaap Interest Paid Net
InterestPaidNet
0
CY2023Q3 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P50Y
CY2022 us-gaap Profit Loss
ProfitLoss
2325000
CY2023 us-gaap Profit Loss
ProfitLoss
62669000
CY2022Q3 seed Working Capital Deficit
WorkingCapitalDeficit
211325000
CY2023Q3 seed Working Capital Deficit
WorkingCapitalDeficit
171678000
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-656898000
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-601566000
CY2023 us-gaap Profit Loss
ProfitLoss
62700000
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-601600000
CY2023Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
7.0998
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;text-align:justify;margin:0pt 0pt 10pt 36pt;">Use of estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 10pt 36pt;">The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are adjusted to reflect actual experience when necessary. Significant accounting estimates reflected in the Company’s consolidated financial statements include inventory valuation, collectability evaluation of accounts receivables and due from related parties, useful lives of plant and equipment and acquired intangible assets, the valuation allowance for deferred income tax assets, valuation of long-lived assets and share-based compensation expense. Actual results could differ from those estimates.</p>
CY2022 us-gaap Provision For Doubtful Accounts
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0
CY2023 us-gaap Provision For Doubtful Accounts
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CY2023 seed Government Subsidies Recognized
GovernmentSubsidiesRecognized
1145000
CY2022 seed Government Subsidies Recognized As Other Income
GovernmentSubsidiesRecognizedAsOtherIncome
1158000.00
CY2023 seed Government Subsidies Recognized As Other Income
GovernmentSubsidiesRecognizedAsOtherIncome
2271000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
401000
CY2023 seed Related Party Nature Of Relationship
RelatedPartyNatureOfRelationship
Aoyu, Shandong Aoruixinong, Henan Aoyu, Shandong Aoruixinong
CY2022Q3 seed Due From Related Parties Gross
DueFromRelatedPartiesGross
58125000
CY2023Q3 seed Due From Related Parties Gross
DueFromRelatedPartiesGross
37942000
CY2022Q3 seed Due From Related Party Allowance For Doubtful Accounts
DueFromRelatedPartyAllowanceForDoubtfulAccounts
29998000
CY2023Q3 seed Due From Related Party Allowance For Doubtful Accounts
DueFromRelatedPartyAllowanceForDoubtfulAccounts
17560000
CY2022Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
28127000
CY2023Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
20382000
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
18629000
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
174484000
CY2022Q3 seed Prepayment For Purchasing Seed
PrepaymentForPurchasingSeed
18378000
CY2023Q3 seed Prepayment For Purchasing Seed
PrepaymentForPurchasingSeed
67048000
CY2022Q3 seed Prepayment For Purchasing Package
PrepaymentForPurchasingPackage
630000
CY2023Q3 seed Prepayment For Purchasing Package
PrepaymentForPurchasingPackage
163000
CY2022Q3 seed Research And Development Fee Deposit
ResearchAndDevelopmentFeeDeposit
207000
CY2023Q3 seed Research And Development Fee Deposit
ResearchAndDevelopmentFeeDeposit
107000
CY2022Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
807000
CY2023Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
4299000
CY2022Q3 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
20022000
CY2023Q3 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
71617000
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2100000
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2106000
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
13039000
CY2022Q3 seed Staff Advance
StaffAdvance
680000
CY2023Q3 seed Staff Advance
StaffAdvance
1756000
CY2022Q3 seed Rent Receivable Current
RentReceivableCurrent
7663000
CY2022Q3 seed Receivable From Third Party Current
ReceivableFromThirdPartyCurrent
1300000
CY2023Q3 seed Receivable From Third Party Current
ReceivableFromThirdPartyCurrent
9823000
CY2022Q3 seed Other Deposits
OtherDeposits
3354000
CY2023Q3 seed Other Deposits
OtherDeposits
618000
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
12997000
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
12197000
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16564000
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16781000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4468000
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3219000
CY2022Q3 seed Finite Lived Intangible Assets Impairment Provision
FiniteLivedIntangibleAssetsImpairmentProvision
10304000
CY2023Q3 seed Finite Lived Intangible Assets Impairment Provision
FiniteLivedIntangibleAssetsImpairmentProvision
10304000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1792000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3258000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
331000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
95000
CY2022Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
143808000
CY2023Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
100478000
CY2022Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
73357000
CY2023Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
70398000
CY2022Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
12367000
CY2023Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
12035000
CY2022Q3 seed Motor Vehicles Gross
MotorVehiclesGross
3590000
CY2023Q3 seed Motor Vehicles Gross
MotorVehiclesGross
3735000
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
76196000
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
57257000
CY2022Q3 seed Accumulated Impairment On Property Plant And Equipment
AccumulatedImpairmentOnPropertyPlantAndEquipment
110537000
CY2023Q3 seed Accumulated Impairment On Property Plant And Equipment
AccumulatedImpairmentOnPropertyPlantAndEquipment
110537000
CY2023Q3 seed Construction In Progress Gross After Accumulated Depreciation And Impairment
ConstructionInProgressGrossAfterAccumulatedDepreciationAndImpairment
2250000
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46389000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21102000
CY2022 us-gaap Depreciation
Depreciation
2700000
CY2023 us-gaap Depreciation
Depreciation
3130000
CY2022Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossCumulativeAmount
17200000
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossCumulativeAmount
18700000
CY2022Q3 seed Equity Securities Without Readily Determinable Fair Value Gross Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueGrossAmount
18921000
CY2023Q3 seed Equity Securities Without Readily Determinable Fair Value Gross Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueGrossAmount
18921000
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
66448000
CY2022Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossCumulativeAmount
17231000
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossCumulativeAmount
18721000
CY2022Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1690000
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
66648000
CY2023Q3 seed Cost Method Investment Amount
CostMethodInvestmentAmount
37660000
CY2023 seed Cost Method Investment Of Fair Value Adjustment
CostMethodInvestmentOfFairValueAdjustment
28790000
CY2022Q3 seed Acquired Finite Lived Intangible Asset Gross
AcquiredFiniteLivedIntangibleAssetGross
80638000
CY2023Q3 seed Acquired Finite Lived Intangible Asset Gross
AcquiredFiniteLivedIntangibleAssetGross
77487000
CY2022Q3 seed Acquired Finite Lived Intangible Assets Accumulated Amortization
AcquiredFiniteLivedIntangibleAssetsAccumulatedAmortization
73092000
CY2023Q3 seed Acquired Finite Lived Intangible Assets Accumulated Amortization
AcquiredFiniteLivedIntangibleAssetsAccumulatedAmortization
73877000
CY2022Q3 seed Impairment Provision
ImpairmentProvision
4557000
CY2023Q3 seed Impairment Provision
ImpairmentProvision
3610000
CY2022Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
2989000
CY2022 seed Amortization Of Other Intangible Assets
AmortizationOfOtherIntangibleAssets
790000
CY2023 seed Amortization Of Other Intangible Assets
AmortizationOfOtherIntangibleAssets
790000
CY2023 seed Impairment Of Acquired Intangible Assets
ImpairmentOfAcquiredIntangibleAssets
2200000
CY2023 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0
CY2023Q3 seed Operating Lease Liability Net
OperatingLeaseLiabilityNet
821000
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
241000
CY2023 us-gaap Lease Cost
LeaseCost
6000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
178000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
63000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
241000
CY2022Q3 seed Payable For Purchase Of Plant And Equipment
PayableForPurchaseOfPlantAndEquipment
5789000
CY2023Q3 seed Payable For Purchase Of Plant And Equipment
PayableForPurchaseOfPlantAndEquipment
1000000
CY2022Q3 seed Salaries And Bonus Payable
SalariesAndBonusPayable
4908000
CY2023Q3 seed Salaries And Bonus Payable
SalariesAndBonusPayable
7626000
CY2022Q3 seed Accrued Interest
AccruedInterest
20388000
CY2022Q3 seed Other Taxes Payable
OtherTaxesPayable
4159000
CY2022Q3 seed Deposits From Others
DepositsFromOthers
4689000
CY2022Q3 seed Deferred Government Subsidies
DeferredGovernmentSubsidies
887000
CY2023Q3 seed Deferred Government Subsidies
DeferredGovernmentSubsidies
363000
CY2022Q3 seed Accrued Penalty Current
AccruedPenaltyCurrent
12734000
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9958000
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7376000
CY2022Q3 seed Other Payables And Accrued Expense
OtherPayablesAndAccruedExpense
64932000
CY2023Q3 seed Other Payables And Accrued Expense
OtherPayablesAndAccruedExpense
17945000
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7376000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
40000
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.23
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
38000
CY2023Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.79
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y3M3D
CY2023 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
14386
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
319000
CY2023 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1460000
CY2023 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
10480000
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
27856000
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
200000000
CY2021 seed Rental Income Operating
RentalIncomeOperating
10600000
CY2022 seed Rental Income Operating
RentalIncomeOperating
10600000
CY2023 seed Rental Income Operating
RentalIncomeOperating
10600000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2023 seed Preferential Tax Rate Applicable Period Description
PreferentialTaxRateApplicablePeriodDescription
The open tax years for examinations in China are 5 years.
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
118410000
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
40621000
CY2022Q3 seed Deferred Tax Assets Impairment Loss
DeferredTaxAssetsImpairmentLoss
36567000
CY2023Q3 seed Deferred Tax Assets Impairment Loss
DeferredTaxAssetsImpairmentLoss
35119000
CY2022Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
22859000
CY2023Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
18933000
CY2022Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
177836000
CY2023Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
94673000
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
177836000
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
94673000
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2023Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.25
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.25
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.25
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.01
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.01
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1690000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1280000
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1700000
CY2023Q3 seed Percentage Of Entity Registered Capital
PercentageOfEntityRegisteredCapital
0.50
CY2023 seed Statutory Surplus Reserve Fund Annual Appropriation Percentage
StatutorySurplusReserveFundAnnualAppropriationPercentage
0.10
CY2022Q3 seed Statutory Surplus Reserve Fund Appropriations
StatutorySurplusReserveFundAppropriations
15133000
CY2023Q3 seed Statutory Surplus Reserve Fund Appropriations
StatutorySurplusReserveFundAppropriations
15133000
CY2022Q3 seed Supply Commitment Minimum Quantity Committed
SupplyCommitmentMinimumQuantityCommitted
100000
CY2023Q3 us-gaap Significant Supply Commitment Remaining Minimum Amount Committed
SignificantSupplyCommitmentRemainingMinimumAmountCommitted
22000000
CY2023Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.060
CY2022Q3 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
45457000
CY2023Q3 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
45457000

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