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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Sep. 30, 2015
USD ($)
Sep. 30, 2015
CNY (¥)
Sep. 30, 2014
CNY (¥)
Current Assets      
Cash and cash equivalents $ 10,379 ¥ 66,025 ¥ 46,268
Restricted cash (note 3; note 13) 0 0 15,670
Accounts receivable, less allowance for doubtful amounts of RMB5,881 and RMB4,845 as of September 30, 2014 and 2015, respectively (note 4) 322 2,051 1,021
Due from related parties (note 3) 0 0 2,698
Advances to suppliers (note 5) 1,648 10,484 17,751
Advances to growers 3,269 20,796 20,759
Inventories (note 6) 69,099 439,562 516,368
Income tax recoverable 8 48 48
Other current assets (note 7) 753 4,793 4,368
Total current assets 85,478 543,759 624,951
Restricted cash 3,188 20,280 0
Land use rights, net (note 8) 4,987 31,722 31,799
Plant and equipment, net (note 9) 51,075 324,905 338,526
Long-term investments (note 10) 2,943 18,721 18,721
Goodwill (note 2) 1,882 11,973 11,973
Acquired intangible assets, net (note 11) 4,935 31,390 34,891
Other assets (note 12) 484 3,079 4,009
Total assets (including amounts of the consolidated VIEs without recourse to the Company of RMB1,050,724 and RMB975,507 as of September 30, 2014 and 2015, respectively) 154,972 985,829 1,064,870
LIABILITIES AND EQUITY      
Short-term borrowings (note 13) 34,584 220,000 225,000
Current portion of long-term borrowings (note 13) 3,773 24,000 33,805
Accounts payable 690 4,389 4,525
Due to growers 2,725 17,337 17,943
Due to related parties (note 3) 6,647 42,284 11,711
Advances from customers 41,587 264,547 324,645
Deferred revenues 1,768 11,248 19,029
Income tax payable (note 18; note 21) 6 37 0
Other payables and accrued expenses (note 14) 7,907 50,298 67,953
Total current liabilities 99,687 634,140 704,611
Long-term borrowings (note 13) 6,441 40,972 31,023
Other long-term liability (note 15) 3,134 19,939 19,649
Total liabilities $ 109,262 ¥ 695,051 ¥ 755,283
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, 24,016,163 and 24,091,163 shares issued as of September 30, 2014 and 2015; 22,738,541 and 22,813,541 shares outstanding as of September 30, 2014 and 2015, respectively) 0 0 0
Additional paid-in capital 63,273 402,500 400,888
Accumulated deficit (18,362) (116,808) (103,000)
Treasury stock at cost (1,277,622 and 1,277,622 shares as of September 30, 2014 and 2015, respectively) (note 17) (5,886) (37,445) (37,445)
Accumulated other comprehensive loss (1,110) (7,053) (4,446)
Total Origin Agritech Limited shareholders’ equity 37,915 241,194 255,997
Non-controlling interests 7,795 49,584 53,590
Total equity 45,710 290,778 309,587
Total liabilities and equity $ 154,972 ¥ 985,829 ¥ 1,064,870