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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Sep. 30, 2016
CNY (¥)
Sep. 30, 2016
USD ($)
Sep. 30, 2015
CNY (¥)
Current Assets      
Cash and cash equivalents ¥ 54,509 $ 8,163 ¥ 66,025
Restricted cash (note 13) 21,181 3,172 0
Accounts receivable, less allowance for doubtful amounts of RMB4,845 and RMB5,087 as of September 30, 2015 and 2016, respectively (note 4) 491 74 2,051
Advances to suppliers (note 5) 7,363 1,103 10,484
Advances to growers 21,672 3,245 20,796
Inventories (note 6) 368,086 55,121 439,562
Income tax recoverable 48 7 48
Other current assets (note 7) 4,753 711 4,793
Total current assets 478,103 71,596 543,759
Restricted cash (note 13) 0 0 20,280
Land use rights, net (note 8) 30,740 4,603 31,722
Plant and equipment, net (note 9) 313,749 46,984 324,905
Long-term investments (note 10) 18,721 2,803 18,721
Goodwill (note 2) 11,973 1,793 11,973
Acquired intangible assets, net (note 11) 24,930 3,733 31,390
Other assets (note 12) 2,410 362 3,079
Total assets(including amounts of the consolidated VIEs without recourse to the Company of RMB975,507 and RMB871,397 as of September 30, 2015 and 2016, respectively) 880,626 131,874 985,829
LIABILITIES AND EQUITY      
Short-term borrowings (note 13) 190,000 28,453 220,000
Current portion of long-term borrowings (note 13) 27,057 4,052 24,000
Accounts payable 4,374 655 4,389
Due to growers 19,926 2,984 17,337
Due to related parties (note 3) 103,905 15,560 42,284
Advances from customers 208,844 31,274 264,547
Deferred revenues 7,008 1,049 11,248
Income tax payable (note 18) 0 0 37
Other payables and accrued expenses (note 14) 53,388 7,995 50,298
Total current liabilities 614,502 92,022 634,140
Long-term borrowings (note 13) 20,000 2,995 40,972
Other long-term liability (note 15) 27,507 4,119 19,939
Total liabilities(including amounts of the consolidated VIEs without recourse to the Company of RMB678,740 and RMB641,420 as of September 30, 2015 and 2016, respectively) 662,009 99,136 695,051
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, 24,091,163 and 24,151,163 shares issued as of September 30, 2015 and 2016; 22,813,541 and 22,873,541 shares outstanding as of September 30, 2015 and 2016, respectively) 0 0 0
Additional paid-in capital 411,296 61,591 402,500
Accumulated deficit (182,386) (27,312) (116,808)
Treasury stock at cost (1,277,622 and 1,277,622 shares as of September 30, 2015 and 2016, respectively) (note 17) (37,445) (5,607) (37,445)
Accumulated other comprehensive loss (11,177) (1,674) (7,053)
Total Origin Agritech Limited shareholders’ equity 180,288 26,998 241,194
Non-controlling interests 38,329 5,740 49,584
Total equity 218,617 32,738 290,778
Total liabilities and equity ¥ 880,626 $ 131,874 ¥ 985,829