The assets appraisal report is prepared in accordance with China's assets appraisal standards
Winall Hi-Tech Seed Co.Ltd(300087)
It is proposed to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd
Value appraisal project involving all shareholders' equity
assets valuation statement
Zhuoxin Dahua pingbao Zi (2021) No. 2242
(Volume 1 of 1)
Beijing Zhuoxin Dahua Assets Appraisal Co., Ltd
January 25, 2002
catalogue
Declare that 1. Summary of asset appraisal report 3. Text of the assets appraisal report 5 I. the client, the appraised entity and other users of the asset appraisal report 5 II. Evaluation purpose 9 III. appraisal object and scope 10 IV. value type and its definition V. benchmark date of appraisal 14 VI. evaluation basis 15 VII. Evaluation method 20 VIII. Implementation process and situation of the evaluation procedure 34 IX. appraisal assumptions 35 X. appraisal conclusion 36 Xi. Description of special matters 38 XII. Description of restrictions on the use of the appraisal report 41 XIII. Appraisal report date 42 annex to the assets appraisal report 44 Winall Hi-Tech Seed Co.Ltd(300087) intends to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd
Assets appraisal report of the appraisal project involving the value of all shareholders' equity
Statement
1、 The assets appraisal report is prepared in accordance with the basic standards for assets appraisal issued by the Ministry of Finance and the asset appraisal practice standards and professional ethics standards issued by China Assets Appraisal Association.
2、 The client or other users of the asset appraisal report shall use the asset appraisal report in accordance with the provisions of laws, administrative regulations and the scope of use specified in the asset appraisal report; If the client or other users of the asset appraisal report use the asset appraisal report in violation of the above provisions, the asset appraisal institution and the asset appraiser shall not be liable.
This asset appraisal report is only for the use of the client, other users of asset appraisal reports agreed in the asset appraisal entrustment contract and users of asset appraisal reports stipulated by laws and administrative regulations; In addition, no other institution or individual can become the user of the asset appraisal report.
The assets appraisal institution and appraisers remind the users of the assets appraisal report that they should correctly understand and use the appraisal conclusion. The appraisal conclusion is not equal to the realizable price of the appraisal object, and the appraisal conclusion should not be considered as a guarantee for the realizable price of the appraisal object.
3、 The asset appraisal institution and appraisers abide by laws, administrative regulations and asset appraisal standards, adhere to the principles of independence, objectivity and impartiality, and bear responsibility for the asset appraisal report issued according to law.
4、 The list of assets and liabilities involved in the appraisal object shall be declared by the client and the appraised unit and confirmed by signature, seal or other methods permitted by law; The client and other relevant parties shall be responsible for the authenticity, integrity and legitimacy of the materials provided by them according to law.
5、 The assets appraisal institution, appraiser and the appraisal object in the assets appraisal report have no existing or
1. Beijing Zhuoxin Dahua Assets Appraisal Co., Ltd. Winall Hi-Tech Seed Co.Ltd(300087) plans to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd
The expected interest relationship of the asset appraisal report of the appraisal project involving the value of all the rights and interests of its shareholders; There is no existing or expected interest relationship with the relevant parties, and there is no prejudice against the relevant parties.
6、 The asset appraiser has conducted on-site investigation on the appraisal object and the assets involved in the asset appraisal report; Necessary attention has been paid to the legal ownership of the appraisal object and the assets involved, the legal ownership data of the appraisal object and the assets involved have been checked, the problems found have been truthfully disclosed, and the client and other relevant parties have been requested to improve the property rights to meet the requirements for issuing the asset appraisal report.
7、 The analysis, judgment and results in the asset appraisal report issued by the asset appraisal institution are limited by the assumptions and restrictions in the asset appraisal report. The user of the asset appraisal report shall fully consider the assumptions, restrictions and special matters stated in the asset appraisal report and their impact on the appraisal conclusion.
2. Beijing Zhuoxin Dahua Assets Appraisal Co., Ltd. Winall Hi-Tech Seed Co.Ltd(300087) plans to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd
Asset appraisal report of the appraisal project involving the value of all shareholders' equity
Winall Hi-Tech Seed Co.Ltd(300087)
It is proposed to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd
Value appraisal project involving all shareholders' equity
Summary of assets appraisal report
Beijing Zhuoxin Dahua Assets Appraisal Co., Ltd. has accepted the entrustment of Winall Hi-Tech Seed Co.Ltd(300087) to appraise the value of all shareholders' equity of Xinjiang jinfengyuan Seed Industry Co., Ltd. The main information and appraisal conclusion in the main body of the asset appraisal report are summarized as follows.
Appraisal purpose: according to the reply on approving Winall Hi-Tech Seed Co.Ltd(300087) acquisition of 60% equity of Xinjiang jinfengyuan Seed Industry Co., Ltd. (CZT [2022] No. 2) of Syngenta group and the minutes of the general manager's office meeting on September 2, 2021, Winall Hi-Tech Seed Co.Ltd(300087) plans to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd, The purpose of this appraisal is to fairly reflect the market value of all shareholders' equity of Xinjiang jinfengyuan Seed Industry Co., Ltd. involved in Winall Hi-Tech Seed Co.Ltd(300087) proposed acquisition of the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd. on the benchmark date, and provide value reference opinions for this economic behavior.
Appraisal object and scope: the appraisal object is the value of all shareholders' equity of Xinjiang jinfengyuan Seed Industry Co., Ltd. designated by the client; The appraisal scope covers all the assets and related liabilities audited on the benchmark date of Xinjiang jinfengyuan Seed Industry Co., Ltd.
The total book assets are 6543353 million yuan, including 1687773 million yuan of current assets; Non current assets: 48555800 yuan; Total book liabilities are 344273 million yuan, including current liabilities of 536572 million yuan and non current liabilities of 2906158 million yuan; The book net assets are 3100623 million yuan.
Value type: market value.
Benchmark date: June 30, 2021.
Winall Hi-Tech Seed Co.Ltd(300087) plans to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd
Assets appraisal report of the appraisal project involving the value of all shareholders' equity
Appraisal methods: asset based method and income method.
Appraisal conclusion: the appraisal result of the asset-based method is selected as the appraisal conclusion in this assets appraisal report, that is, on the premise that the appraisal assumptions and limited conditions are tenable, the book value of all shareholders' equity of Xinjiang jinfengyuan Seed Industry Co., Ltd. on the benchmark date before appraisal is 310062300 yuan, the appraisal value is 344562700 yuan, the appraisal value is 345004 million yuan, and the appreciation rate is 11.13%.
For details of the appraisal conclusion, please refer to the detailed statement of assets appraisal and the text of the assets appraisal report.
The validity period of the appraisal conclusion is one year from the benchmark date of the appraisal. The asset appraisal report shall not be used beyond the validity period of the report.
Users of the asset appraisal report should pay attention to the impact of the special matters in the main body of the report on the appraisal conclusion.
The above contents are extracted from the main body of the asset appraisal report. To understand the details of the appraisal business and correctly understand the appraisal conclusion, you should read the main body of the asset appraisal report.
Winall Hi-Tech Seed Co.Ltd(300087) plans to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd
Assets appraisal report of the appraisal project involving the value of all shareholders' equity
Winall Hi-Tech Seed Co.Ltd(300087)
It is proposed to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd
Value appraisal project involving all shareholders' equity
Text of assets appraisal report
Zhuoxin Dahua pingbao Zi (2021) No. 2242
Winall Hi-Tech Seed Co.Ltd(300087) ：
Beijing Zhuoxin Dahua Assets Appraisal Co., Ltd. accepts the entrustment of your company, adheres to the principles of independence, objectivity and impartiality, adopts the asset-based method and income method, and follows the necessary appraisal procedures in accordance with the provisions of laws, administrative regulations and asset appraisal standards, The market value of all shareholders' equity of Xinjiang jinfengyuan Seed Industry Co., Ltd. involved in the economic behavior of Winall Hi-Tech Seed Co.Ltd(300087) planning to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd. on June 30, 2021 was evaluated. The assets appraisal is reported as follows. 1、 The client, the appraised entity and other users of the asset appraisal report
The client of this appraisal is Winall Hi-Tech Seed Co.Ltd(300087) , the appraised unit is Xinjiang jinfengyuan Seed Industry Co., Ltd., and the users of the asset appraisal report are the users of the asset appraisal report agreed in the asset appraisal entrustment contract and other users of the asset appraisal report stipulated by laws and administrative regulations.
(I) client
Name: Winall Hi-Tech Seed Co.Ltd(300087)
Registered address: No. 98, Chuangxin Avenue, high tech Zone, Hefei, Anhui
Office address: No. 98, Chuangxin Avenue, high tech Zone, Hefei, Anhui
Legal representative: Qin Hengde
5. Beijing Zhuoxin Dahua Assets Appraisal Co., Ltd. Winall Hi-Tech Seed Co.Ltd(300087) plans to acquire the equity of Xinjiang jinfengyuan Seed Industry Co., Ltd
Assets appraisal report of the appraisal project involving the value of all shareholders' rights and interests
Sue
Registered capital: 4303 Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) 0 yuan
Company type: joint stock company
Date of establishment: July 24, 2002
Business term: from July 24, 2002 to no fixed term
Main business scope: R & D, production and sales of crop seeds, seedlings and flower seeds; Crop planting and cultivation services; Grain purchase, processing, storage and sales; Transportation of dangerous goods (except ordinary goods and road express); Deep processing, storage and sales of agricultural and sideline products; Wholesale and retail of agricultural supporting materials (those that should be operated with a license shall not be operated without a license), construction of agricultural productive infrastructure; Engage in the import and export business of crop seeds, agricultural and sideline products, agricultural supporting materials, mechanical equipment, spare parts and raw and auxiliary materials (except for the commodities and technologies limited or prohibited by the state). (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
(II) appraised unit
1. Basic information
Company name: Xinjiang jinfengyuan Seed Industry Co., Ltd
Registered address: 4th floor, science and innovation building, No. 6, jingsan Road, national agricultural science and Technology Park, Wensu County, Aksu Prefecture, Xinjiang legal representative: Zhang Yinbao
Registered capital: 100 million yuan
Nature of enterprise: joint stock limited company (unlisted, invested or controlled by natural persons)
Date of establishment: June 16, 2005
Business term: from June 16, 2005 to no fixed term
Xinjiang jinfengyuan Seed Industry Co., Ltd. was formerly known as Wensu county seed company.
On January 18, 2005, according to the reply on the establishment of Xinjiang jinfengyuan Seed Industry Co., Ltd. after the restructuring of Wensu county seed company and the adoption of the articles of Association issued by the Wensu County Property Right System Reform Leading Group Office [2005] No. 09, Zhang Yinbao and other 42 natural persons invested in cash to establish Xinjiang jinfengyuan Seed Industry Co., Ltd., with a registered capital of 5.14 million yuan, which was established in June 2005
