Origin(US:SEED) Prnewswireยท2024-07-11 13:00Core Insights - Origin Agritech Ltd. has made significant advancements in GMO commercialization, hybrid performance, and gene editing technologies, positioning itself as a leader in agricultural biotechnology in China [1][2][6]. GMO Commercialization Developments - The company obtained China's GMO safety certificate for its transgenic maize, BBL2-2, which includes two insect-resistant genes and one herbicide-tolerance gene, making it the only maize variant in China resistant to coleopteran pests [2][3]. - Several hybrids incorporating these traits are entering GMO variety registration trials, with expectations for approval within 1-2 years, and one hybrid ready for commercial production in the next growing season [3]. Commercial Hybrid Performance - Origin Agritech's commercial hybrids have shown superior yield and resilience in field trials, optimized for high-density planting conditions [4]. - The new corn hybrid, OY728, has demonstrated excellent growth and yield potential, with production and sales expected to commence in 2025 [5]. Gene Editing Business Progress - The company has developed a high-yield corn inbred line through gene editing, achieving over a 50% yield increase compared to non-edited varieties [6]. - Cost reductions in hybrid seed production are anticipated due to enhanced genetic traits, and the establishment of a new genetic transformation system allows for rapid editing of maize inbred lines [7][8]. Revenue Generation and Future Plans - The corn variety Aoyu 728 is expected to generate approximately RMB 40 million (around $7 million) in revenue in the 2025 season, covering over 1 million mu [9][10]. - The GMO hybrid corn seed variety Aoyu 64BF is expected to start small-scale seed production this winter, with sales beginning next year [10][11]. Additional Developments - The planting area of NEC corn in Xinjiang has doubled, with projected profits between RMB 2 to 5 million (approximately $350,000 to $950,000) for this year's production [12]. - The construction of a corn drying and processing facility in Xinjiang is nearing completion, expected to be ready for the current harvest season [12].