| Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 |
|---|---|---|---|---|---|---|
ASSETS | ||||||
Current Assets | ||||||
Cash and cash equivalents | ||||||
489 | 8,163 | 10,379 | 7,520 | 21,467 | 24,095 | 20,448 |
Restricted cash (note 13) | ||||||
0 | 3,172 | 0 | 2,547 | - | - | - |
Accounts receivable, less allowance for doubtful amounts of RMB4,845 and RMB5,087 as of September 30, 2015 and 2016, respectively (note 4) | ||||||
- | 74 | 322 | 166 | 317 | 1,114 | 1,041 |
Due from related parties (note 3) | ||||||
8,429 | - | 0 | 439 | 553 | 328 | 816 |
Advances to suppliers (note 5) | ||||||
798 | 1,103 | 1,648 | 2,885 | 1,589 | 1,230 | 1,954 |
Advances to growers | ||||||
- | 3,245 | 3,269 | 3,374 | 9,511 | 13,909 | 12,372 |
Inventories (note 6) | ||||||
184 | 55,121 | 69,099 | 83,928 | 76,580 | 44,558 | 33,175 |
Income tax recoverable | ||||||
- | 7 | 8 | 8 | 189 | 341 | 339 |
Other current assets (note 7) | ||||||
200 | 711 | 753 | 710 | 1,139 | 2,587 | 10,237 |
Current assets of discontinued operations (note 4) | ||||||
3,319 | - | - | - | - | - | - |
Total current assets | ||||||
13,419 | 71,596 | 85,478 | 101,577 | 111,345 | 88,162 | 80,382 |
Restricted cash (note 13) | ||||||
- | 0 | 3,188 | 0 | 2,334 | - | - |
Land use rights, net (note 8) | ||||||
2,087 | 4,603 | 4,987 | 5,169 | 5,401 | 5,097 | 5,208 |
Plant and equipment, net (note 9) | ||||||
21,822 | 46,984 | 51,075 | 55,022 | 57,699 | 50,006 | 29,913 |
Long-term investments (note 10) | ||||||
2,821 | 2,803 | 2,943 | - | - | - | - |
Equity investments (note 10) | ||||||
- | - | - | 3,043 | 4,049 | 3,538 | - |
Equity investments (note 10) | ||||||
- | - | - | - | - | - | 3,226 |
Goodwill (note 2) | ||||||
- | 1,793 | 1,882 | 1,946 | 1,947 | 1,888 | 1,884 |
Acquired intangible assets, net (note 11) | ||||||
2,371 | 3,733 | 4,935 | 5,671 | 3,760 | 4,035 | - |
Acquired intangible assets, net (note 11) | ||||||
- | - | - | - | - | - | 4,600 |
Deferred income tax assets (note 18) | ||||||
- | - | - | - | 0 | 277 | 476 |
Other assets (note 12) | ||||||
632 | 362 | 484 | 652 | 1,831 | 827 | 3,091 |
Non-current assets of discontinued operations (note 4) | ||||||
5,687 | - | - | - | - | - | - |
Total assets (including amounts of the consolidated VIEs without recourse to the Company of RMB871,395 and RMB312,578 as of September 30, 2016 and 2017, respectively) | ||||||
48,839 | 131,874 | 154,972 | 173,080 | 188,366 | 153,830 | 128,780 |
LIABILITIES AND EQUITY | ||||||
Current liabilities | ||||||
Short-term borrowings (note 13) | ||||||
2,260 | 28,453 | 34,584 | 36,570 | 33,344 | 5,520 | 3,147 |
Current portion of long-term borrowings (note 13) | ||||||
5,349 | 4,052 | 3,773 | 5,495 | 2,684 | 630 | - |
Accounts payable | ||||||
219 | 655 | 690 | 736 | 747 | 793 | 903 |
Due to growers | ||||||
- | 2,984 | 2,725 | 2,916 | 6,161 | 679 | 1,251 |
Due to related parties (note 3) | ||||||
1,747 | 15,560 | 6,647 | 1,903 | 249 | 437 | 272 |
Notes payable (note 14) | ||||||
1,256 | - | - | - | - | - | - |
Advances from customers | ||||||
- | 31,274 | 41,587 | 52,766 | 60,438 | 68,608 | 62,618 |
Deferred revenues | ||||||
- | 1,049 | 1,768 | 3,093 | 3,590 | 3,666 | 3,118 |
Income tax payable (note 18) | ||||||
- | 0 | 6 | 0 | 6,353 | 6,160 | 6,146 |
Other payables and accrued expenses (note 15) | ||||||
4,698 | 7,995 | 7,907 | 11,045 | 8,748 | 8,949 | 6,350 |
Current liabilities of discontinued operations (note 4) | ||||||
4,677 | - | - | - | - | - | - |
Total current liabilities | ||||||
20,206 | 92,022 | 99,687 | 114,524 | 122,314 | 95,442 | 83,805 |
Long-term borrowings (note 13) | ||||||
8,553 | 2,995 | 6,441 | 5,042 | 10,543 | 5,520 | - |
Other long-term liability (note 16) | ||||||
3,084 | 4,119 | 3,134 | 3,194 | 3,420 | 3,439 | 0 |
Non-current liabilities of discontinued operations (note 4) | ||||||
0 | - | - | - | - | - | - |
Total liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB641,419 and RMB200,687 as of September 30, 2016 and 2017, respectively) | ||||||
31,843 | 99,136 | 109,262 | 122,760 | 136,277 | 104,401 | 83,805 |
Commitments and contingencies (note 23) | ||||||
0 | 0 | 0 | - | 0 | 0 | 0 |
Shareholders equity: | ||||||
Preferred stock (no par value; 1,000,000 shares authorized, none issued) | ||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common stock (no par value; 60,000,000 shares authorized, 24,151,163 and 24,634,503 shares issued as of September 30, 2016 and 2017; 22,873,541 and 23,856,881 shares outstanding as of September 30, 2016 and 2017, respectively) | ||||||
0 | 0 | 0 | 0 | 0 | 0 | - |
Additional paid-in capital | ||||||
62,074 | 61,591 | 63,273 | 65,158 | 64,991 | 62,714 | - |
Additional paid-in capital | ||||||
- | - | - | - | - | - | 62,054 |
Accumulated deficit | ||||||
-38,883 | -27,312 | -18,362 | -16,741 | -15,204 | -15,923 | -15,662 |
Treasury stock at cost (1,277,622 and 777,622 shares as of September 30, 2016 and 2017, respectively) (note 18) | ||||||
3,434 | 5,607 | 5,886 | 6,086 | 5,800 | 4,633 | 4,623 |
Accumulated other comprehensive loss | ||||||
-2,835 | -1,674 | -1,110 | -721 | -714 | -990 | -1,007 |
Total Origin Agritech Limited shareholders equity | ||||||
16,922 | 26,998 | 37,915 | 41,610 | 43,273 | 41,168 | 40,762 |
Non-controlling interests | ||||||
74 | 5,740 | 7,795 | 8,710 | 8,816 | 8,261 | 4,213 |
Total equity | ||||||
16,996 | 32,738 | 45,710 | 50,320 | 52,089 | 49,429 | 44,975 |
Total liabilities and equity | ||||||
48,839 | 131,874 | 154,972 | 173,080 | 188,366 | 153,830 | 128,780 |