XML 24 R8.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2020
CNY (¥)
Sep. 30, 2019
CNY (¥)
Sep. 30, 2018
CNY (¥)
Operating activities:        
Net loss $ (15,101) ¥ (102,842) ¥ (65,653) ¥ (152,790)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 1,558 10,612 13,796 16,452
(Gain)/loss on disposal of plant and equipment 61 418 914 (5,299)
Gain on disposal of land use right 0 0 0 (1,505)
Loss (gain) on termination of business disposal (26) (178) 0 90,683
Allowance for doubtful account 28 189 0 2,105
Allowance for due from related parties 4,161 28,340 0 0
Impairment on intangible assets 0   0 1,433
Impairment on long-term equity investment 880 5,994 0 2,374
Impairment on land use rights   2,704 397 2,704
Impairment on plant and equipment 3,526 24,012 4,213 0
Impairment on right of use assets 202 1,375 0 0
Inventory write off 1,190 8,104 5,973 (13,601)
Non-cash interest expense (interest accretion) 0 0 0 16,757
Share-based compensation expense 1,933 13,161 12,188 4,313
Changes in operating assets and liabilities:        
Accounts receivable (268) (1,828) (1,481) 24
Due from related parties (2,460) (16,755) 101,216 55,940
Advances to suppliers (284) (1,935) 650 2,062
Inventories 1,007 6,855 47,447 13,064
Other current assets 187 1,276 (1,341) 1,084
Operating lease right-of-use assets, net (570) (3,879) 0 0
Other assets 337 2,296 (1,191) (6)
Accounts payable (13) (87) 1,768 (950)
Due to growers (83) (566) (724) 1,449
Due to related parties (690) (4,698) (251,099) (50,077)
Advances from customers 1,828 12,446 38,675 4,018
Income tax payable 41 280 656 0
Lease liabilities 474 3,230 0 0
Other long-term liabilities (839) (5,711) 7,507 810
Other payables and accrued expenses 1,700 11,572 26,356 1,615
Net cash used in operating activities (824) (5,615) (60,130) (10,045)
Investing activities:        
Proceeds from disposal of commercial seed business, net of cash disposed (note 4) 0 0 0 33,600
Purchase of plant and equipment 0 0 0 (2,982)
Proceeds from disposal of plant and equipment and land use right 0 3 0 16,872
Due from related party-noncurrent (6,203) (42,246) 0 0
Cash from termination of second closing of disposal of commercial seed business (note 4) 0 0 0 101
Net cash provided by investing activities (6,203) (42,243) 0 47,591
Financing activities:        
Proceeds from short-term borrowings 0 0 0 19,000
Repayment from due to related parties (1,682) (11,454) 0 0
Proceeds from non-controlling interest capital contribution 308 2,100 9,379 0
Proceeds from issuance of common stock 2,382 16,223 53,599 0
Repayment of short-term borrowings 0 0 0 (34,000)
Proceeds from long-term borrowings 20,214 137,660 0 0
Repayment of long-term borrowings (11,543) (78,611) 0 (20,376)
Net cash (used in) provided by financing activities 9,679 65,918 62,978 (35,376)
Net increase in cash and cash equivalents 2,652 18,060 2,848 2,170
Cash and cash equivalents, beginning of year 470 3,198 1,990 3,245
Effect of exchange rate changes on cash and cash equivalents 201 1,371 (1,640) (3,425)
Restricted cash 22      
Cash and cash equivalents, end of the year 3,301 22,482 3,198 1,990
Tota cash, cash equivalents, restricted cash and restricted cash equivalentsl 470 3,198 1,990 3,245
Supplemental disclosures of cash flow information:        
Income taxes paid 0 0 0 0
Interest paid 54 366 4,680 4,861
Supplemental disclosure of non-cash financing activities:        
Sale of equipment in repayment of due to related parties 792 0 5,600 0
Conversion of convertible promissory note $ 0 ¥ 0 ¥ 0 ¥ 15,644