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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2022
CNY (¥)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
CNY (¥)
Sep. 30, 2020
CNY (¥)
Operating activities:        
Net Income (loss) ¥ 2,300 $ 328 ¥ (127,081) ¥ (102,842)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 3,901 549 8,279 10,612
Loss/(gain) on disposal of plant and equipment 212 30 (3,642) 418
Gain on disposal of land use right     (6,426)  
Loss on termination of business disposal     (106) (178)
Allowance for doubtful account 0   401 189
Allowance for due from related parties     3,789 28,340
Allowance for due from related party-noncurrent     40,540  
Recovery on receivables     (189)  
Recovery on Due from related parties (2,131) (300)    
Impairment on intangible assets     87  
Impairment on long-term equity investment 2,906 409 5,957 5,994
Impairment on land use rights 0   7,600 2,704
Impairment on plant and equipment     60,652 24,012
Impairment on lease assets       1,375
Inventory write off     7,976 8,104
Share-based compensation expense 1,038 145 10,952 13,161
Changes in operating assets and liabilities:        
Accounts receivable (359) (51) 3,040 (1,828)
Due from related parties 3,183 448 (10,663) (16,755)
Advances to suppliers (14,223) (2,003) (4,616) (1,935)
Inventories 2,072 292 1,414 6,855
Other current assets (8,929) (1,258) (2,178) 1,276
Operating lease right-of-use assets, net       (3,879)
Other assets 83 12 14 2,296
Accounts payable 991 140 (427) (87)
Due to growers (6,269) (883)   (566)
Due to related parties (2,388) (336) 1,588 (4,698)
Advances from customers 14,797 2,084 (18,847) 12,446
Income tax payable (135) (19) (28) 280
Lease liabilities (1,491) (210) (119) 3,230
Other long-term liabilities (1,486) (209) (7,357) (5,711)
Other payables and accrued expenses 9,194 1,297 4,313 11,572
Net cash provided by (used in) operating activities 3,291 465 (25,077) (5,615)
Investing activities:        
Proceeds from disposal of plant and equipment and land use right     (1,000) 3
Proceeds from other investment 1,520 214    
Purchase of plant and equipment (622) (88) (715)  
Due from related party-noncurrent     1,706 (42,246)
Purchase of other investment (2,000) (282) (1,200)  
Cash from termination of second closing of disposal of commercial seed business 0 0 0 0
Net cash (used in) provided by investing activities (1,102) (156) (1,209) (42,243)
Financing activities:        
Proceeds from long-term borrowings       137,660
Proceeds from exercise of stock options 340 48 472  
Proceeds from issuance of common stock 11,014 1,551 17,166 16,223
Proceeds from due to related parties     2,200  
Repayment of due to related parties (9,252) (1,303)   (11,454)
Dividends paid to minority shareholders (2,434) (343)    
Proceeds from capital contribution       2,100
Repayment of long-term borrowings       (78,611)
Net cash provided by (used in) financing activities (332) (47) 19,838 65,918
Net (decrease) increase in cash and cash equivalents 1,857 262 (6,448) 18,060
Cash and cash equivalents, beginning of year 15,351 2,162 22,482 3,198
Effect of exchange rate changes on cash and cash equivalents 447 63 (816) 1,371
Restricted cash 14   133 147
Cash and cash equivalents, end of the year 17,669 2,489 15,351 22,482
Supplemental disclosures of cash flow information:        
Income taxes paid 0 0 0 0
Interest paid, net of interest capitalized ¥ 0 $ 0 ¥ 0 ¥ 366