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MARKETS / NASDAQ / SEED
NASDAQ · AGRICULTURAL PRODUCTION-CROPS · SMALL CAP

Origin Agritech Ltd. SEED

17 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 91.3M
▼ 19.5% YoY
CNY -53.3M
▼ 357.5% YoY
CNY -34.1M
In brief

What this company does

Our business focus is primarily on the corn seed development and distribution business and research focused on genetically enhanced breeding technologies in agricultural crops. Our ordinary shares have traded on the Nasdaq Capital Market since June 5, 2019. Our principal executive offices are located at Origin R&D Center, Xushuang Road, Songzhuang Town, Tongzhou District, Beijing China 101119. Origin Agritech Limited, along with its subsidiaries, is focused on agricultural biotechnology, operating in the PRC. In November 2009, its genetically modified phytase corn received the Bio-Safety Certificate from China's Ministry of Agriculture and Rural Affairs, the world's first genetically modified phytase corn and also the first genetically modified corn seed product in China. The Company faces competition at three primary levels in respect of its seed products, including large Chinese companies, small local seed companies, and large multinational hybrid and GM seed producers.

Written from the business description in Origin Agritech Limited's annual report to the U.S. Securities and Exchange Commission, filed 30 January 2026. Every sentence was checked against that document before publication.

Growth
CNY 91.3M
Revenue, FY2025 · full 17-year series below
Revenue CNY M Net income CNY M
FY2025 · Revenue 91.3 · Net income -53.3
200M400M-80M200920112013201520172019202120232025
Compound annual growth
+20.2%
+11.7%
+77.0%
−11.6%
−23.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−63 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -63.8% · Net -63.5%
-5000%-10000%-15000%200920112013201520172019202120232025
ROE
FY2018 · ROE -350.8%
-100%-200%-300%200920112013201520172019202120232025
Gross margin7.0%
Operating margin-63.8%
Net margin-63.5%
Return on assets-49.9%
EBITDACNY -55.1M

Cash & shareholders
CNY 1.1M
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF -34.1
100M200M-80M-160M200920112013201520172019202120232025
Net buybacks CNY M Dividends CNY M
FY2025 · Dividends 1.1 · Net buybacks —
1M2M2022202320242025
Dividends paidCNY 1.1M
Net buybacks—
Share of profit-2.0%
Consecutive raises—

CNY 1.1M in dividends went back to shareholders in a year without profit.

Total assetsCNY 100.6M
EquityCNY -23.3M
CashCNY 15.9M
Gross debtCNY 18.4M
Net debtCNY 2.6M
Current ratio0.44×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue CNY B0.10.10.10.10.00.10.10.00.00.00.00.40.50.60.60.60.6
Operating income CNY B−0.10.00.10.0−0.1−0.1−0.1−0.2−0.1−0.1−0.1−0.00.0−0.00.00.10.0
EBITDA CNY B−0.10.00.10.0−0.1−0.1−0.1−0.1−0.1−0.0−0.00.00.00.00.00.10.1
Income tax CNY B−0.00.00.0−0.00.00.00.00.00.00.00.0−0.00.00.00.00.00.0
Net income CNY B−0.10.00.1−0.0−0.1−0.1−0.1−0.2−0.1−0.1−0.0−0.00.0−0.0−0.00.0−0.0
Free cash flow CNY B−0.0−0.0−0.00.0−0.0−0.0−0.1−0.0−0.10.00.0−0.1−0.2−0.0−0.00.30.2
EPS, diluted CNY −7.123.208.43−1.09−16.29−16.95−14.85−50.18−26.95−23.76−0.61−0.420.32−0.06−1.002.10−1.77
Dividend / sh CNY ·················
Payout %−220−39·············
ROE %·······−350.8−51.7−31.1−5.6−3.62.8−0.6−8.718.0·
Shares out B0.010.010.010.010.00·0.000.000.000.020.020.020.020.020.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 84 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 11 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityAgricultural Production-Crops
Listed onNASDAQ
Incorporated inoutside the United States — SEC code D6
Fiscal year endsSeptember 30
Data on record since2008

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