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CONSOLIDATED BALANCE SHEETS
In Thousands, unless otherwise specified
Sep. 30, 2014
USD ($)
Sep. 30, 2014
CNY
Sep. 30, 2013
CNY
Current Assets      
Cash and cash equivalents $ 7,520us-gaap_CashAndCashEquivalentsAtCarryingValue 46,268us-gaap_CashAndCashEquivalentsAtCarryingValue 131,978us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash (note 3; note 13) 2,547us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 15,670us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 0us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Accounts receivable, less allowance for doubtful amounts of RMB12,110and RMB5,881as of September 30, 2013 and 2014, respectively (note 4) 166us-gaap_AccountsReceivableNetCurrent 1,021us-gaap_AccountsReceivableNetCurrent 1,949us-gaap_AccountsReceivableNetCurrent
Due from related parties (note 3) 439us-gaap_DueFromRelatedPartiesCurrent 2,698us-gaap_DueFromRelatedPartiesCurrent 3,400us-gaap_DueFromRelatedPartiesCurrent
Advances to suppliers (note 5) 2,885us-gaap_AdvancesOnInventoryPurchases 17,751us-gaap_AdvancesOnInventoryPurchases 9,768us-gaap_AdvancesOnInventoryPurchases
Advances to growers 3,374seed_AdvancesToGrowersCurrent 20,759seed_AdvancesToGrowersCurrent 58,473seed_AdvancesToGrowersCurrent
Inventories (note 6) 83,928us-gaap_InventoryNet 516,368us-gaap_InventoryNet 470,811us-gaap_InventoryNet
Income tax recoverable (note 18) 8us-gaap_IncomeTaxesReceivable 48us-gaap_IncomeTaxesReceivable 1,163us-gaap_IncomeTaxesReceivable
Other current assets (note 7) 710us-gaap_OtherAssetsCurrent 4,368us-gaap_OtherAssetsCurrent 7,000us-gaap_OtherAssetsCurrent
Total current assets 101,577us-gaap_AssetsCurrent 624,951us-gaap_AssetsCurrent 684,542us-gaap_AssetsCurrent
Restricted cash (note 13) 0us-gaap_RestrictedCashAndCashEquivalentsNoncurrent 0us-gaap_RestrictedCashAndCashEquivalentsNoncurrent 14,350us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
Land use rights, net (note 8) 5,169us-gaap_FiniteLivedIntangibleAssetsNet 31,799us-gaap_FiniteLivedIntangibleAssetsNet 33,205us-gaap_FiniteLivedIntangibleAssetsNet
Plant and equipment, net (note 9) 55,022us-gaap_PropertyPlantAndEquipmentNet 338,526us-gaap_PropertyPlantAndEquipmentNet 354,735us-gaap_PropertyPlantAndEquipmentNet
Equity investments (note 10) 3,043us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures 18,721us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures 24,894us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
Goodwill (note 2) 1,946us-gaap_Goodwill 11,973us-gaap_Goodwill 11,973us-gaap_Goodwill
Acquired intangible assets, net (note 11) 5,671us-gaap_OtherIntangibleAssetsNet 34,891us-gaap_OtherIntangibleAssetsNet 23,117us-gaap_OtherIntangibleAssetsNet
Other assets (note 12) 652us-gaap_OtherAssetsNoncurrent 4,009us-gaap_OtherAssetsNoncurrent 11,256us-gaap_OtherAssetsNoncurrent
Total assets 173,080us-gaap_Assets 1,064,870us-gaap_Assets 1,158,072us-gaap_Assets
LIABILITIES AND EQUITY      
Short-term borrowings (note 13) 36,570us-gaap_ShortTermBorrowings 225,000us-gaap_ShortTermBorrowings 205,000us-gaap_ShortTermBorrowings
Current portion of long-term borrowings (note 13) 5,495us-gaap_LongTermDebtCurrent 33,805us-gaap_LongTermDebtCurrent 16,500us-gaap_LongTermDebtCurrent
Accounts payable 736us-gaap_AccountsPayableCurrent 4,525us-gaap_AccountsPayableCurrent 4,590us-gaap_AccountsPayableCurrent
Due to growers 2,916seed_DueToGrowersCurrent 17,943seed_DueToGrowersCurrent 37,875seed_DueToGrowersCurrent
Due to related parties (note 3) 1,903us-gaap_DueToRelatedPartiesCurrent 11,711us-gaap_DueToRelatedPartiesCurrent 1,530us-gaap_DueToRelatedPartiesCurrent
Advances from customers 52,766us-gaap_CustomerAdvancesCurrent 324,645us-gaap_CustomerAdvancesCurrent 371,571us-gaap_CustomerAdvancesCurrent
Deferred revenues 3,093us-gaap_DeferredRevenueCurrent 19,029us-gaap_DeferredRevenueCurrent 22,069us-gaap_DeferredRevenueCurrent
Income tax payable (note 18; note 21) 0us-gaap_AccruedIncomeTaxesCurrent 0us-gaap_AccruedIncomeTaxesCurrent 39,060us-gaap_AccruedIncomeTaxesCurrent
Other payables and accrued expenses (note 14) 11,045seed_OtherPayablesAndAccruedExpensesCurrent 67,953seed_OtherPayablesAndAccruedExpensesCurrent 53,783seed_OtherPayablesAndAccruedExpensesCurrent
Total current liabilities 114,524us-gaap_LiabilitiesCurrent 704,611us-gaap_LiabilitiesCurrent 751,978us-gaap_LiabilitiesCurrent
Long-term borrowings (note 13) 5,042us-gaap_LongTermDebtNoncurrent 31,023us-gaap_LongTermDebtNoncurrent 64,819us-gaap_LongTermDebtNoncurrent
Other long-term liability (note 15) 3,194us-gaap_LiabilitiesNoncurrent 19,649us-gaap_LiabilitiesNoncurrent 21,030us-gaap_LiabilitiesNoncurrent
Total liabilities 122,760us-gaap_Liabilities 755,283us-gaap_Liabilities 837,827us-gaap_Liabilities
Commitments and contingencies (note 21)        
Shareholders' equity:      
Preferred stock (no par value; 1,000,000 shares authorized, none issued) 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock (no par value; 60,000,000 shares authorized, 24,016,163 and 24,016,163 shares issued as of September 30, 2013 and 2014; 22,905,926 and 22,738,541 shares outstanding as of September 30, 2013 and 2014, respectively) 0us-gaap_CommonStockValue 0us-gaap_CommonStockValue 0us-gaap_CommonStockValue
Additional paid-in capital 65,158us-gaap_AdditionalPaidInCapital 400,888us-gaap_AdditionalPaidInCapital 399,564us-gaap_AdditionalPaidInCapital
Accumulated deficit (16,741)us-gaap_RetainedEarningsAccumulatedDeficit (103,000)us-gaap_RetainedEarningsAccumulatedDeficit (93,473)us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock at cost (1,110,237 and 1,277,622 shares as of September 30, 2013 and 2014, respectively) (note 17) (6,086)us-gaap_TreasuryStockValue (37,445)us-gaap_TreasuryStockValue (35,659)us-gaap_TreasuryStockValue
Accumulated other comprehensive loss (721)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (4,446)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (4,390)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total Origin Agritech Limited shareholders' equity 41,610us-gaap_StockholdersEquity 255,997us-gaap_StockholdersEquity 266,042us-gaap_StockholdersEquity
Non-controlling interests 8,710us-gaap_MinorityInterest 53,590us-gaap_MinorityInterest 54,203us-gaap_MinorityInterest
Total equity 50,320us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 309,587us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 320,245us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 173,080us-gaap_LiabilitiesAndStockholdersEquity 1,064,870us-gaap_LiabilitiesAndStockholdersEquity 1,158,072us-gaap_LiabilitiesAndStockholdersEquity