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CONSOLIDATED BALANCE SHEETS
In Thousands, unless otherwise specified
Sep. 30, 2011
USD ($)
Sep. 30, 2011
CNY
Sep. 30, 2010
CNY
ASSETS      
Cash and cash equivalents $ 20,448 129,942 299,672
Accounts receivable, less allowance for doubtful amounts of RMB842 and RMB2,714 as of September 30, 2010 and 2011, respectively (note 4) 1,041 6,616 10,048
Due from related parties (note 3) 816 5,183 5,107
Advances to suppliers (note 5) 1,954 12,418 3,986
Advances to growers 12,372 78,623 40,691
Inventories (note 6) 33,175 210,826 283,174
Income tax recoverable (note 19) 339 2,155 2,745
Other current assets (note 7) 10,237 65,055 18,838
Total current assets 80,382 510,818 664,261
Land use rights, net (note 8) 5,208 33,094 20,907
Plant and equipment, net (note 9) 29,913 190,094 161,681
Equity investments (note 10) 3,226 20,503 22,505
Goodwill (note 2) 1,884 11,973 16,665
Acquired intangible assets, net (note 11) 4,600 29,232 35,344
Deferred income tax assets (note 19) 476 3,028 9,766
Other assets (note 12) 3,091 19,640 3,882
Total assets 128,780 818,382 935,011
LIABILITIES AND EQUITY      
Short-term borrowings (note 13) 3,147 20,000 85,900
Accounts payable 903 5,740 8,960
Due to growers 1,251 7,947 42,186
Due to related parties (note 3) 272 1,728 7,926
Advances from customers 62,618 397,933 348,797
Deferred revenues 3,118 19,812 23,111
Income tax payable (note 19; note 22) 6,146 39,060 44,075
Other payables and accrued expenses (note 15) 6,350 40,351 35,656
Total current liabilities 83,805 532,571 596,611
Other long-term liabilities (note 16) 0 0 9,426
Total liabilities 83,805 532,571 606,037
Commitments and contingencies (note 22)         
Shareholders' equity:      
Preferred stock (no par value; 1,000,000 shares authorized, none issued) 0 0 0
Common stock (no par value; 60,000,000 shares authorized, 23,292,412 and 23,382,812 shares issued and outstanding as of September 30, 2010 and 2011 respectively)     0
Additional paid-in capital 62,054 394,344 387,052
Retained earnings (deficit) (15,662) (99,533) (76,454)
Treasury stock at cost (498,851 shares) (note 18) (4,623) (29,377) (29,377)
Accumulated other comprehensive loss (1,007) (6,397) (9,336)
Total Origin Agritech Limited shareholders' equity 40,762 259,037 271,885
Non-controlling interests 4,213 26,774 57,089
Total equity 44,975 285,811 328,974
Total liabilities and equity $ 128,780 818,382 935,011