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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2024
CNY (¥)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
CNY (¥)
Sep. 30, 2022
CNY (¥)
Operating activities:        
Net Income ¥ 18,678 $ 2,665 ¥ 62,669 ¥ 2,325
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 2,829 404 4,031 3,901
Written off plant and equipment 165 24 373 212
Gain on disposal of lease assets     (651)  
Gain on disposal of subsidiaries and assets     (69,529)  
Investment income for long term equity investment (836) (119)    
Gain on disposal of long term equity investment (65,026) (9,280)    
Allowance for doubtful account 9,998 1,427 0 0
Allowance for due from related parties     500  
Recovery on receivables     (10)  
Recovery on Due from related parties       (2,131)
Impairment on intangible assets     2,204  
Impairment on long-term equity investment 200 29 1,490 2,906
Inventory write off 275 39    
Interest expense relief     (20,361)  
Share-based compensation expense 5,223 745 1,163 1,038
Changes in operating assets and liabilities:        
Accounts receivable (3,641) (520) 1,654 (359)
Due from related parties 11,746 1,676 4,842 3,183
Advances to suppliers 6,541 933 (51,458) (14,223)
Inventories (110) (16) (10,933) 2,072
Other current assets 1,293 185 (17,476) (8,929)
Operating lease right-of-use assets, net     (350)  
Other assets       83
Accounts payable 3,533 504 2,193 991
Due to growers (404) (58)   (6,269)
Due to related parties (15,506) (2,213) 18,856 (2,388)
Contract liabilities (35,872) (5,119) 50,048 14,797
Income tax payable 34 5   (135)
Lease liabilities (113) (16) 241 (1,491)
Other long-term liabilities (364) (52) (2,270) (1,486)
Other payables and accrued expenses 46,326 6,614 17,318 9,194
Net cash provided by (used in) operating activities (15,031) (2,143) (5,456) 3,291
Investing activities:        
Proceeds from other investment     1,000 1,520
Purchase of plant and equipment (4,972) (710) (8,912) (622)
Purchase of land use rights     (3,297)  
Purchase of other investment       (2,000)
Payment of disposal of subsidiaries     (15)  
Net cash used in investing activities (4,972) (710) (11,224) (1,102)
Financing activities:        
Proceeds from short-term borrowings 4,950 706    
Proceeds from exercise of stock options 599 85 226 340
Proceeds from issuance of common stock     19,594 11,014
Proceeds from due to related parties 935 133    
Repayment of due to related parties (1,506) (215) (1,587) (9,252)
Dividends paid to minority shareholders (490) (70) (200) (2,434)
Proceeds from capital contribution 10 1 4,900  
Net cash provided by (used in) financing activities 4,498 640 22,933 (332)
Net (decrease) increase in cash and cash equivalents (15,505) (2,213) 6,253 1,857
Cash and cash equivalents, beginning of year 23,708 3,383 17,669 15,351
Effect of exchange rate changes on cash and cash equivalents 172 25 (214) 447
Restricted cash       14
Cash and cash equivalents, end of the year 8,375 1,195 23,708 17,669
Supplemental disclosures of cash flow information:        
NCI capital contribution 10 1 5,575  
Income taxes paid 75 11 41 162
Interest paid, net of interest capitalized ¥ 1,021 $ 146 ¥ 843 ¥ 424