XML 34 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Sep. 30, 2011
USD ($)
Sep. 30, 2011
CNY
Sep. 30, 2010
CNY
Sep. 30, 2009
CNY
Revenues $ 89,291 567,434 584,860 592,492
Cost of revenues (58,473) (371,591) (353,587) (392,842)
Gross profit 30,818 195,843 231,273 199,650
Operating expenses        
Selling and marketing (8,943) (56,831) (52,227) (55,648)
General and administrative (13,651) (86,748) (78,708) (64,833)
Research and development (7,045) (44,771) (38,356) (33,473)
Other income, net 806 5,120 2,340 1,991
Total operating expenses, net (28,833) (183,230) (166,951) (151,963)
Income from operations 1,985 12,613 64,322 47,687
Interest expense (231) (1,469) (8,539) (16,784)
Share of net income of equity investments 254 1,616 9,370 4,669
Gain on disposal of an equity investment 0 0 8,883 0
Loss on liquidation of a subsidiary (note 1) (2,137) (13,582) 0 0
Interest income 279 1,771 1,634 2,036
Loss on repurchase of convertible notes (note 14) 0 0 0 (51,101)
Change in the fair value of embedded derivatives 0 0 0 3,300
Income before income taxes 150 949 75,670 (10,193)
Income tax expense (note 19)        
Current (1,100) (6,991) (4,046) (580)
Deferred (1,060) (6,739) (5,273) (11,152)
Income tax expense (2,160) (13,730) (9,319) (11,732)
Net income (loss) (2,010) (12,781) 66,351 (21,925)
Less: Net income attributable to non-controlling interests 1,620 10,298 17,298 18,892
Net income (loss) attributable to Origin Agritech Limited (3,630) (23,079) 49,053 (40,817)
Other comprehensive income (loss)        
Net income (loss) (2,010) (12,781) 66,351 (21,925)
Foreign currency translation difference 462 2,939 1,067 366
Comprehensive income (loss) (1,548) (9,842) 67,418 (21,559)
Less: Comprehensive income attributable to non-controlling interests 1,620 10,298 17,298 18,892
Comprehensive income (loss) attributable to Origin Agritech Limited $ (3,168) (20,140) 50,120 (40,451)
Net income (loss) attributable to Origin Agritech Limited per share - basic (note 20) (in dollars per share) $ (0.16) (1) 2.12 (1.77)
Net income (loss) attributable to Origin Agritech Limited per share - diluted (note 20) (in dollars per share) $ (0.16) (1) 2.10 (1.77)
Shares used in calculating basic net income (loss) per share (in shares) 23,072,895 23,072,895 23,189,464 23,013,692
Shares used in calculating diluted net income (loss) per share (in shares) 23,072,895 23,072,895 23,337,265 23,013,692