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CONSOLIDATED BALANCE SHEETS
In Thousands, unless otherwise specified
Sep. 30, 2013
USD ($)
Sep. 30, 2013
CNY
Sep. 30, 2012
CNY
ASSETS      
Cash and cash equivalents $ 21,467 131,978 152,789
Accounts receivable, less allowance for doubtful amounts of RMB6,752 and RMB12,110 as of September 30, 2012 and 2013, respectively (note 4) 317 1,949 7,065
Due from related parties (note 3) 553 3,400 2,082
Advances to suppliers (note 5) 1,589 9,768 7,802
Advances to growers 9,511 58,473 88,194
Inventories (note 6) 76,580 470,811 282,544
Income tax recoverable (note 18) 189 1,163 2,159
Other current assets (note 7) 1,139 7,000 16,407
Total current assets 111,345 684,542 559,042
Restricted cash (note 13) 2,334 14,350 0
Land use rights, net (note 8) 5,401 33,205 32,318
Plant and equipment, net (note 9) 57,699 354,735 317,085
Equity investments (note 10) 4,049 24,894 22,433
Goodwill (note 2) 1,947 11,973 11,973
Acquired intangible assets, net (note 11) 3,760 23,117 25,585
Deferred income tax assets (note 18) 0 0 1,755
Other assets (note 12) 1,831 11,256 5,246
Total assets 188,366 1,158,072 975,437
LIABILITIES AND EQUITY      
Short-term borrowings (note 13) 33,344 205,000 35,000
Current portion of long-term borrowings (note 13) 2,684 16,500 4,000
Accounts payable 747 4,590 5,031
Due to growers 6,161 37,875 4,304
Due to related parties (note 3) 249 1,530 2,769
Advances from customers 60,438 371,571 435,044
Deferred revenues 3,590 22,069 23,243
Income tax payable (note 18; note 21) 6,353 39,060 39,060
Other payables and accrued expenses (note 14) 8,748 53,783 56,744
Total current liabilities 122,314 751,978 605,195
Long-term borrowings (note 13) 10,543 64,819 35,000
Other long-term liability (note 15) 3,420 21,030 21,810
Total liabilities 136,277 837,827 662,005
Commitments and contingencies (note 21)         
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, 23,881,663 and 24,016,163 shares issued as of September 30, 2012 and 2013, 23,382,812 and 22,905,926 shares outstanding as of September 30, 2012 and 2013, respectively) 0 0 0
Additional paid-in capital 64,991 399,564 397,671
Accumulated deficit (15,204) (93,473) (100,967)
Treasury stock at cost (498,851 and 1,110,237 shares as of September 30, 2012 and 2013, respectively) (note 17) (5,800) (35,659) (29,377)
Accumulated other comprehensive loss (714) (4,390) (6,280)
Total Origin Agritech Limited shareholders’ equity 43,273 266,042 261,047
Non-controlling interests 8,816 54,203 52,385
Total equity 52,089 320,245 313,432
Total liabilities and equity $ 188,366 1,158,072 975,437