Origin Agritech Announces Fiscal Year 2025 Results

Core Viewpoint - Origin Agritech Ltd. reported a decline in revenue for the fiscal year 2025, primarily due to equipment upgrades and a reduction in external seed production services, while also highlighting significant partnerships and advancements in research and development [1][4][5]. Business Accomplishments and Highlights for the Year Ended September 30, 2025 - The company established a three-way partnership with China Agricultural University and the Beijing Academy of Agricultural and Forestry Sciences to enhance corn "smart plant type" improvement and innovative variety development [5]. - Origin signed cooperation agreements with 12 agricultural companies at the Sanya International Seed Industry Scientist Conference [5]. - The launch of the "Golden Harvest Club" aimed to strengthen relationships within its distribution ecosystem [5]. - Four new corn varieties were launched, with Jinqiao 8 receiving approval for introduction in five provinces [5]. Financial Results - Revenue for fiscal year 2025 was RMB 91.3 million (US$12.8 million), a decrease from RMB 113.4 million (US$16.2 million) in fiscal year 2024 [4]. - Total operating expenses increased to RMB 64.2 million (US$9.0 million) from RMB 52.7 million (US$7.5 million) in fiscal year 2024 [6]. - The net loss from continuing operations was RMB 58.0 million (US$8.2 million), compared to a net income of RMB 18.7 million (US$2.7 million) in fiscal year 2024 [7]. Liquidity and Cash Flow - As of September 30, 2025, cash and cash equivalents were approximately RMB 15.9 million (US$2.2 million), an increase from RMB 8.4 million (US$1.2 million) in the previous year [8]. - Net cash used in operating activities was RMB 22.9 million (US$3.2 million), compared to RMB 15.0 million (US$2.1 million) in fiscal year 2024 [9]. - Net cash provided by financing activities increased significantly to RMB 44.3 million (US$6.2 million) from RMB 4.5 million (US$0.6 million) in fiscal year 2024 [10]. Management Commentary - The CEO emphasized that fiscal year 2025 was a year of recovery, with a focus on restoring team capabilities and infrastructure, and outlined a three-stage strategic plan for future growth [11].