-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 S4hzASeEj0/h1e/7S46f69Oin3tq/cy7SmrDpYlc6sSTJpKEMq02crcaaYkdZZLy
 p6L9vpvVyj8V0CCJMhYFAA==

<SEC-DOCUMENT>0001157523-07-005563.txt : 20070524
<SEC-HEADER>0001157523-07-005563.hdr.sgml : 20070524
<ACCEPTANCE-DATETIME>20070523182331
ACCESSION NUMBER:		0001157523-07-005563
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070523
FILED AS OF DATE:		20070524
DATE AS OF CHANGE:		20070523

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Origin Agritech LTD
		CENTRAL INDEX KEY:			0001321851
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE PRODUCTION - CROPS [0100]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51576
		FILM NUMBER:		07874865

	BUSINESS ADDRESS:	
		STREET 1:		NO. 21 SHENG MING YUAN ROAD
		CITY:			CHANGPING DISTRICT BEIJING
		STATE:			F4
		ZIP:			102206
		BUSINESS PHONE:		858-847-9000

	MAIL ADDRESS:	
		STREET 1:		NO. 21 SHENG MING YUAN ROAD
		CITY:			CHANGPING DISTRICT BEIJING
		STATE:			F4
		ZIP:			102206
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a5410946.txt
<DESCRIPTION>ORIGIN AGRITECH LIMITED 6-K
<TEXT>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                      PURSUANT TO RULE 13a-16 OR 15d-16 OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                            FOR THE MONTH OF MAY 2007
                        COMMISSION FILE NUMBER 000-51576

                             ORIGIN AGRITECH LIMITED
                 (Translation of registrant's name into English)

         No. 21 Sheng Ming Yuan Road, Changping District, Beijing 102206
                     (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

                           Form 20-F [X] Form 40-F [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                                 Yes [ ] No [X]

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
82-________.

<PAGE>


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                                  ORIGIN AGRITECH LIMITED

                                                  By:    /s/  Jeff Wang
                                                         -----------------------
                                                  Name:  Jeff Wang
                                                  Title: Chief Financial Officer

Date: May 23, 2007

<PAGE>


                                     EXHIBIT

Exhibit Number      Description
- --------------      ------------------------------------------------------------

99.1                Press release regarding unaudited financial results for the
                    three months ended March 31, 2007.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5410946ex991.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1



                    Origin Agritech Limited Reports Unaudited
                  Fiscal 2007 Second Quarter Financial Results

         Origin Outperforms Competitors During Important Transition Year



    BEIJING--(BUSINESS WIRE)--May 23, 2007--Origin Agritech Limited
(NASDAQ: SEED) ("Origin" or "the Company"), a vertically-integrated
supplier of hybrid crop seeds in China, today announced unaudited
financial results for the three months ended March 31, 2007. Origin
prepares its financial statements in accordance with generally
accepted accounting principles of the United States.

    Deferred revenue more than doubled to RMB326.92 million (US$42.33
million) at March 31, 2007 from RMB163.1 million (US$20.9 million) at
December 31, 2006. This deferred revenue reflects the value of
Origin's crop seeds after evidence of a sales arrangement is
confirmed, delivery to the customer is made, and full pre-payment from
the customer is received, but before the final sales price is fixed
and determined after Origin applies sales volume incentives to its
customers. It is expected that this deferred revenue will be recorded
on the income statement in the fiscal 2007 third quarter ending June
30, 2007. As anticipated, due to revenue recognition, revenues for the
fiscal 2007 second quarter were minimal although they did rise to
RMB1.04 million (US$0.13 million), compared to revenues of RMB0.11
million (US$0.01 million) for the same period in 2006. Net loss for
the period was RMB31.37 million (US$4.06 million), or US$0.16 per
diluted share, as compared to a net loss of RMB15.69 million (US$1.96
million), or US$0.08 per share, in the same period of fiscal 2006 (see
Additional Financial Results Overview below).

    Dr. Gengchen Han, Chairman and Chief Executive Officer of Origin,
commented, "We believe Origin has outperformed our competitors during
an important transition year for the domestic seed market. Together
with our affiliated companies, Origin's presence throughout China is
increasing. We also believe that our strong balance sheet, premium
seed products, national distribution, and state-of-the-art facilities
will provide us with a solid platform for growth in 2008 and allow us
to benefit from this 2007 transformation period." (see details in
following section).

    Market Conditions

    Recent market developments in China are causing the 2007 hybrid
seed industry to undergo a period of transition. According to
government policy enacted May 2006, local government administrative
offices must stop engaging in the seed production and distribution
business by the end of June 2007. Further, seed enterprises associated
with these offices can no longer receive preferential treatment from
government entities as of June 2007. As a result, a number of seed
companies are liquidating their inventories at reduced prices. Due to
the elimination of these preferential treatments, limited credit
facilites for smaller seed companies, and the small size of most of
these operations, Origin does not expect the selling of seed at below
market prices to last. On the contrary, the Company believes that this
signals an imminent exit from the marketplace by those competitors,
yielding perhaps a reallocation of market share and a significant
opportunity for Origin in the near future. While this environment has
impacted the seed industry as a whole in China, the yield of Origin's
hybrid seeds and its reputation amongst farmers allowed Origin's
average seed price during this period to decline at a lesser rate than
the average seed price of the competition.

    Healthy economics continue to surround the agriculture industry as
a whole. Commodity corn prices continue to rise worldwide and should
continue along this trend. The total acreage for corn crops in China
continues to grow, as well. China's cropland estimates by the Ministry
of Agriculture are consistent with overall market size growth despite
the pricing anomalies in the marketplace this year. These reports
suggest that corn could be planted on as many as 67.7 million acres
and rice could be planted on 72 million acres during the 2007 growing
season (the number of acres may change based on weather conditions and
other variables).

    Company Update

    Origin noted the following updates:

    --  As stated by China's Ministry of Agriculture in its most
        recent report for 2006, an official ranking within China,
        three of Origin's companies were represented in the largest 35
        seed companies in China. Beijing Origin itself was listed as
        the fourth largest seed company in China.

    --  Origin's product portfolio, which contains approximately 100
        varieties of hybrid seed, is among the broadest in China.
        Several products that were approved last year are on
        commercial trial in 2007, and will be available for mass
        deployment in 2008. Among these new products is Liyu 35, a
        high-density corn hybrid that has performed exceedingly well
        in its initial year. In addition, the Company continues to
        expect the approval and introduction of at least 8 new
        proprietary hybrid seeds in 2007.

    --  In October 2006, Origin acquired an additional 42.4% equity
        interest in Denong Zhengcheng Seed Company, Ltd. ("Denong"), a
        developer, producer, and marketer of hybrid rice, cotton, and
        canola principally in the southwestern region of China. During
        the fiscal 2007 second quarter, Origin acquired an additional
        3.0% equity interest in Denong. In combination with its
        previous investment, Origin now owns approximately 98% of
        Denong.

    --  Origin has commenced construction of a new hybrid seed
        production facility in the suburbs of Beijing (Daxing
        District). The project remains on track and is scheduled for
        completion by the end of 2007. This should add to Origin's
        production capacity, which is the largest in China currently.

    --  Origin's execution of its realignment plan towards core
        objectives continues to impact the Company. Origin expects to
        drive additional operational efficiencies and cost savings
        through the end of FY2007 due to the further implementation of
        these initiatives.

    --  Origin acquired an additional 9.2% interest in its Jilin
        Changrong Seed Company Ltd. ("Jilin Changrong") subsidiary
        from certain shareholders, increasing its majority interest in
        the hybrid seed company in Northern China. This presents
        Origin with two strong families of crop seed brands in corn
        dominated Northern China region.

    Dr. Han concluded, "We remain confident in our competitive
position. Our industry, while in a temporary state of flux, is
allowing us opportunity for both organic growth and strategic
acquisitions, which we intend to vigorously pursue."

    Additional Financial Results Overview

    Gross loss for the three months ended March 31, 2007 increased to
RMB0.87 million (US$0.11 million) from RMB0.52 million
(US$0.07 million) for the same period in 2006. Total operating
expenses declined to RMB30.76 million (US$3.98 million) from RMB31.55
million (US$3.94 million) in the same quarter last year. Origin
expects that these expenses will continue trending downward due the
benefits realized by its previously announced realignment plan. For
the second quarter of fiscal 2007:

    --  G & A expenses for the three months ended March 31, 2007 were
        RMB13.19 million (US$1.71 million), an increase of 38.15% from
        RMB9.55 million (US$1.19 million) for the same period in 2006.
        This was primarily due to the increase of RMB1.51 million
        (US$0.20 million) in employee salaries and benefits, as well
        as higher operating activities expenses of RMB0.97 million
        (US$0.13 million) and higher professional fees totaling
        RMB0.87 million (US$0.11 million).

    --  Selling and marketing expenses for the three months ended
        March 31, 2007 decreased by 28.49% to RMB12.03 million
        (US$1.56 million) from RMB16.82 million (US$2.10 million) for
        the same period in 2006. This decrease is primarily due to a
        strategic shift that now places greater emphasis on effective
        market penetration by providing services directly to the local
        farmers, and less emphasis on mass media advertising.

    --  R & D expenses for the three months ended March 31, 2007 were
        RMB5.54 million (US$0.72 million), as compared to RMB5.18
        million (US$0.65 million) for the same period in 2006.

    The operating loss for the three months ended March 31, 2007 was
RMB31.62 million (US$4.09 million) as compared to RMB32.07 million
(US$4.00 million) in the same period in 2006.

    Origin's share of earnings in equity investee companies was a loss
of RMB1.04 million (US$.13 million) as compared to a gain of
RMB4.62million (US$.58million) in the same period last year. The
difference was due to a delay of the price confirmation of Jilin
Changrong this year. Sales from the period appear as deferred revenue
on Jilin Changrong's balance sheet, and will be recognized in the June
quarter also.

    Net loss for the three months ended March 31, 2007 was RMB31.37
million (US$4.06 million), as compared to RMB15.69 million (US$1.96
million) for the same period in 2006. The difference was mainly due to
the increased interest expense from higher working capital costs at
Denong and decreased earnings in equity investee companies.

    Revenue Guidance

    Origin continues to believe that it can meet its previously issued
guidance of US$80-US$90 million in total revenues for the year ending
September 30, 2007. The guidance is based on the ability to close
certain acquisitions, continued strong performance in Origin's base
business, the introduction and growth in the sale of proprietary
seeds, and is subject to certain market conditions.

    Share Repurchase

    During the period, Origin repurchased 326,555 shares of common
stock under its previously announced share repurchase plan. Origin
expects to continue repurchasing shares under the terms and conditions
of the existing plan.

    Conference Call

    Management will conduct a conference call on Thursday, May 24,
2007 at 9:00 am ET to discuss these results. Interested parties may
participate in the call by dialing (888) 751-6344(U.S.) or (706)
679-3079 (International) approximately 10 minutes before the call is
scheduled to begin and ask to be connected to the Origin Agritech
conference call. A recorded replay of the call will be available until
11:59 pm Eastern Time on June 7, 2007. Listeners may dial (800)
642-1687 (U.S.) or (706) 645-9291(International) and use the code
1331046 for the replay. In addition, the conference call and slide
presentation will be broadcast live over the Internet at
http://investor.shareholder.com/media/eventdetail.cfm?mediaid=25749&c=
SEED&mediakey=F67759A74E8F3AAE76BAEF1CCF558F5C&e=0 (Due to its length,
this URL may need to be copied/pasted into your Internet browser's
address field. Remove the extra space if one exists.) and at Origin's
corporate web site, www.originagritech.com. The internet audio stream
will be available until 11:59 pm Eastern Time on Tuesday, June 26,
2007. A copy of frequently asked questions and this quarter's slide
presentation will also be available at Origin's corporate web site,
www.originagritech.com.

    About Origin

    Origin specializes in the research, development, production, sale
and distribution of hybrid crop seeds in China. The Company owns or
leases facilities in, among other locations, Beijing, Gansu, Henan,
Helongjiang, Liaoning, Jilin, Hainan, Sichuan, Hebei, Yunnan, Jiangsu,
Shanxi, Guizhou, Hubei, Anhui, Guangxi, Hunan and Jiangxi provinces.
Origin launched its first entirely internally developed seed in 2003.
As of 2006, Origin had ten proprietary corn hybrids, six proprietary
rice hybrids and two proprietary canola hybrids currently on the
market.

    Forward Looking Statements

    This release contains forward-looking statements. These statements
include, without limitation, statements regarding our expectations
(such as our anticipated range of revenues for the fiscal year 2007
and our ability to consummate acquistions in order to reach these
targets), assumptions, beliefs, intentions or strategies regarding the
future. All forward-looking statements included in this release are
based on information available to us on the date hereof. These
statements involve known and unknown risks, uncertainties and other
factors, which may cause our actual results to differ materially from
those implied by the forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as "may,"
"will," "should," "could," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential," "targets," "goals,"
"projects," "continue," or variations of such words, similar
expressions, or the negative of these terms or other comparable
terminology. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
Therefore, actual results may differ materially and adversely from
those expressed in any forward-looking statements. Neither we nor any
other person can assume responsibility for the accuracy and
completeness of forward-looking statements. Important factors that may
cause actual results to differ from expectations include, but are not
limited to, those risk factors discussed in Origin's filings with the
SEC including its annual report on Form 20-F filed with the SEC on
February 15, 2007. We undertake no obligation to revise or update
publicly any forward-looking statements for any reason.



                CONSOLIDATED STATEMENTS OF OPERATIONS
                  (In thousands, except share data)

                                Three months ended March 31,
                       -----------------------------------------------
                              2006        2006        2007        2007
                               RMB         US$         RMB         US$
                       (Unaudited) (Unaudited) (Unaudited) (Unaudited)

Revenues                      108          13       1,036         134
Cost of revenues             (630)        (79)     (1,902)       (246)
                       ----------- ----------- ----------- -----------

Gross profit (loss)          (522)        (66)       (866)       (112)
                       ----------- ----------- ----------- -----------

Operating expenses:
  Selling and
   marketing              (16,819)     (2,098)    (12,027)     (1,557)
  General and
   administrative          (9,546)     (1,191)    (13,188)     (1,708)
  Research and
   development             (5,181)       (646)     (5,540)       (717)
                       ----------- ----------- ----------- -----------

Total operating
 expenses                 (31,546)     (3,935)    (30,755)     (3,982)
                       ----------- ----------- ----------- -----------

Other operating income          -           -           -           -
                       ----------- ----------- ----------- -----------

Income (loss) from
 operations               (32,068)     (4,001)    (31,621)     (4,094)
Interest expense           (1,279)       (160)     (4,963)       (643)
Share of earnings in
 equity investee
 companies                  4,620         576      (1,037)       (134)
Interest income             3,023         377       2,543         329
Other income                1,439         179         710          92
                       ----------- ----------- ----------- -----------

Income (lLoss )before
 income taxes and
 minority interests       (24,265)     (3,029)    (34,368)     (4,450)
Income tax expense
  Current                    (195)        (24)       (278)        (36)
  Deferred                  7,946         991       2,727         353
                       ----------- ----------- ----------- -----------

Income tax expense          7,751         967       2,449         317
                       ----------- ----------- ----------- -----------

Income (loss) before
 minority interests       (16,514)     (2,062)    (31,919)     (4,133)
Minority interests            824         103         553          72
                       ----------- ----------- ----------- -----------

Net income (loss)         (15,690)     (1,959)    (31,366)     (4,061)
                       =========== =========== =========== ===========

Net income (loss) per
 share - basic              (0.67)      (0.08)      (1.34)      (0.17)
                       =========== =========== =========== ===========

Net income (loss ) per
 share - diluted            (0.66)      (0.08)      (1.26)      (0.16)
                       =========== =========== =========== ===========

Shares used in
 calculating basic net
 income (loss) per
 share                 23,453,077  23,453,077  23,364,058  23,364,058
                       =========== =========== =========== ===========

Shares used in
 calculating diluted
 net income (loss) per
 share                 23,900,012  23,900,012  24,864,058  24,864,058
                       =========== =========== =========== ===========




                     CONSOLIDATED BALANCE SHEETS
                            (In thousands)

                            September 30,             March 31,
                              2006        2006        2007        2007
                               RMB         US$         RMB         US$
Assets                                         (Unaudited) (Unaudited)
Current assets:
  Cash and cash
   equivalents            140,953      17,833      38,169       4,942
  Debt securities         146,816      18,575     118,941      15,401
  Accounts
   receivables, net        12,467       1,577      25,291       3,275
  Due from related
   parties                  6,868         869       8,914       1,154
  Advances to
   suppliers                3,559         451       3,811         493
  Advances to growers      49,250       6,230       6,844         886
  Inventories             343,575      43,468     723,136      93,632
  Income tax
   recoverable              2,186         277         706          91
  Prepaid expenses and
   other current
   assets                  12,766       1,615      14,099       1,826

Total current assets      718,440      90,895     939,911     121,700
Land use rights, net       16,923       2,141      16,725       2,166
Plant and equipment,
 net                      125,425      15,869     128,205      16,600
Equity investments         38,888       4,920      72,346       9,367
Goodwill                   10,900       1,379      11,973       1,550
Due from related
 parties                    6,500         822       6,500         842
Acquired intangible
 assets, net               29,878       3,780      30,913       4,003
Deferred income tax
 assets                     4,042         511      14,864       1,925
Other assets               33,130       4,191      29,278       3,791

Total assets              984,126     124,508   1,250,715     161,944

Liabilities, minority
 interests and
 shareholder's equity
Current liabilities:
  Short-term
   borrowings             253,000      32,009     294,000      38,067
  Accounts payable         22,012       2,785      29,728       3,849
  Due to growers           38,794       4,908       6,556         849
  Due to related
   parties                 10,335       1,308      31,646       4,098
  Advances from
   customers               76,143       9,633      93,539      12,111
  Deferred revenues        24,101       3,049     326,924      42,333
  Income tax payable       39,059       4,942      39,222       5,078
  Other payables and
   accrued expenses        46,187       5,840      44,759       5,795

Total current
 liabilities              509,631      64,474     866,374     112,180

Long-term borrowings        1,880         238       1,880         243
Other long-term
 liability                  1,000         127       2,428         314

Total liabilities         512,511      64,839     870,682     112,737

Minority interests         13,049       1,651       4,551         589

Commitments and
 contingencies

Shareholder's equity:
  Preferred stock (no
   par value;1,000,000
   shares authorized,
   none issued)                 -           -           -           -
  Common stock (no par
   value; 60,000,000
   shares authorized,
   23,472,910 shares
   issued and
   outstanding as of
   September 30, 2006
   and 23,472,910
   shares issued as of
   March 31, 2007)              -           -           -           -
  Additional paid-in
   capital                340,810      43,119     343,452      44,470
  Retained earnings       121,796      15,410      59,723       7,733
  Treasury stock at
   cost (326,555
   shares)                                        (20,244)     (2,621)
  Accumulated other
   comprehensive loss      (4,040)       (511)     (7,449)       (964)

Total shareholders'
 equity                   458,566      58,018     375,482      48,618

Total liabilities,
 minority interests
 and shareholders'
 equity                   984,126     124,508   1,250,715     161,944




    CONTACT: Origin Agritech Limited
             Jeff Wang, 0086-10-5890-7518
             Chief Financial Officer
             or
             Irving Kau, 760-918-1781
             Vice President, Finance
             or
             Investor Relations:
             The Equity Group Inc.
             Devin Sullivan, 212-836-9608

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
