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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2018
CNY (¥)
Sep. 30, 2018
USD ($)
Sep. 30, 2017
CNY (¥)
Sep. 30, 2016
CNY (¥)
Operating activities:        
Net loss ¥ (152,790) $ (22,209) ¥ (106,261) ¥ (76,833)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 16,452 2,392 27,687 31,222
Loss/(gain) on disposal of plant and equipment (5,299) (770) 327 257
Gain on disposal of land use right (1,505) (219) 0 0
Loss on termination of business disposal 90,683 13,182 0 0
Loss on disposal of subsidiaries and assets 0 0 3,282 0
Allowance for doubtful account 2,105 306 0 242
Recovery on receivables 0 0 (712) 0
Impairment on intangible assets 1,433 208 0 0
Impairment on long-term equity investment 2,374 345 0 0
Impairment on plant and equipment 0 0 25,873 0
Changes in provision for inventories (13,601) (1,977) 18,833 20,502
Non-cash interest expense (interest accretion) 16,757 2,436 3,227 0
Shares issued upon sign off of Equity Purchase Agreement   (note 19) 0 0 1,039 0
Share-based compensation expense 4,313 627 5,404 8,796
Changes in operating assets and liabilities:        
Accounts receivable 24 3 36 1,318
Due from related parties 55,940 8,132 0 0
Advances to growers 0 0 15,318 (876)
Advances to suppliers 2,062 300 (126) 3,121
Inventories 13,064 1,899 (21,533) 50,974
Income tax recoverable 0 0 49 0
Other current assets 1,084 158 (4,153) 40
Other assets (6) (1) (1,914) 436
Accounts payable (950) (138) 4,114 (15)
Due to growers 1,449 211 21,114 2,589
Due to related parties (50,077) (7,279) 61,903 58,291
Advances from customers 4,018 584 (157,407) (55,703)
Income tax payable 0 0 0 (37)
Deferred revenues 0 0 (7,008) (4,240)
Other long-term liabilities 810 118 66 7,568
Other payables and accrued expenses 1,615 235 (9,325) 253
Net cash provided by (used in) operating activities (10,045) (1,457) (120,167) 47,905
Investing activities:        
Proceeds from disposal of commercial seed business, net of cash disposed (note 4) 33,600 4,884 33,165 10,000
Purchase of plant and equipment (2,982) (433) (2,624) (15,714)
Proceeds from disposal of plant and equipment and land use right 16,872 2,453 265 483
Purchase of land use rights 0 0 (1,267) 0
Purchase of intangible assets 0 0 0 (1,250)
Cash from termination of second closing of disposal of commercial seed business (note 4) 101 15 0 0
Net cash (used in) provided by investing activities 47,591 6,919 29,539 (6,481)
Financing activities:        
Restricted cash 0 0 21,181 (901)
Proceeds from short-term borrowings 19,000 2,762 15,000 195,000
Proceeds from issuance of convertible promissory note 0 0 8,628 0
Proceeds from exercise of stock options 0 0 543 0
Proceeds from issuance of treasury stocks 0 0 6,115 0
Repayment of short-term borrowings (34,000) (4,942) (90,000) (225,000)
Proceeds from long-term borrowings     120,000 6,085
Repayment of long-term borrowings (20,376) (2,962) (34,459) (24,000)
Net cash provided by (used in) financing activities (35,376) (5,142) 47,008 (48,816)
Net (decrease) increase in cash and cash equivalents 2,170 320 (43,620) (7,392)
Cash and cash equivalents, beginning of year 3,245 472 54,509 66,025
Effect of exchange rate changes on cash and cash equivalents (3,425) (503) (7,644) (4,124)
Cash and cash equivalents, end of the year 1,990 289 3,245 54,509
Supplemental disclosures of cash flow information:        
Income taxes paid 0 0 1,282 1,436
Interest paid, net of interest capitalized 4,861 707 14,486 14,251
Supplemental disclosure of non-cash financing activities:        
Issuance of commitment shares related to notes payable 0 0 1,847 0
Conversion of convertible promissory note ¥ 15,644 $ 2,274 ¥ 0 ¥ 0