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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Sep. 30, 2017
CNY (¥)
Sep. 30, 2017
USD ($)
Sep. 30, 2016
CNY (¥)
Current Assets      
Cash and cash equivalents ¥ 3,245 $ 489 ¥ 3,575
Restricted cash (note 13) 0 0 21,181
Due from related parties (note 3) 55,940 8,429 0
Advances to suppliers (note 5) 5,298 798 4,585
Inventories (note 6) 1,223 184 624
Other current assets (note 7) 1,326 200 1,689
Current assets of discontinued operations (note 4) 22,027 3,319 446,449
Total current assets 89,059 13,419 478,103
Land use rights, net (note 8) 13,851 2,087 14,399
Plant and equipment, net (note 9) 144,832 21,822 152,059
Long-term investments (note 10) 18,721 2,821 18,721
Acquired intangible assets, net (note 11) 15,739 2,371 21,892
Other assets (note 12) 4,196 632 1,683
Non-current assets of discontinued operations (note 4) 37,742 5,687 193,769
Total assets (including amounts of the consolidated VIEs without recourse to the Company of RMB871,395 and RMB312,578 as of September 30, 2016 and 2017, respectively) 324,140 48,839 880,626
Current liabilities      
Short-term borrowings (note 13) 15,000 2,260 105,000
Current portion of long-term borrowings (note 13) 35,504 5,349 27,057
Accounts payable 1,454 219 1,290
Due to related parties (note 3) 11,592 1,747 12,601
Notes payable (note 14) 8,335 1,256 0
Other payables and accrued expenses (note 15) 31,178 4,698 39,395
Current liabilities of discontinued operations (note 4) 31,041 4,677 429,159
Total current liabilities 134,104 20,206 614,502
Long-term borrowings (note 13) 56,769 8,553 20,000
Other long-term liability (note 16) 20,468 3,084 19,427
Non-current liabilities of discontinued operations (note 4) 0 0 8,080
Total liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB641,419 and RMB200,687 as of September 30, 2016 and 2017, respectively) 211,341 31,843 662,009
Commitments and contingencies (note 23)
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, 24,151,163 and 24,634,503 shares issued as of September 30, 2016 and 2017; 22,873,541 and 23,856,881 shares outstanding as of September 30, 2016 and 2017, respectively) 0 0 0
Additional paid-in capital 411,981 62,074 411,296
Accumulated deficit (258,060) (38,883) (182,386)
Treasury stock at cost (1,277,622 and 777,622 shares as of September 30, 2016 and 2017, respectively) (note 18) (22,791) (3,434) (37,445)
Accumulated other comprehensive loss (18,821) (2,835) (11,177)
Total Origin Agritech Limited shareholders’ equity 112,309 16,922 180,288
Non-controlling interests 490 74 38,329
Total equity 112,799 16,996 218,617
Total liabilities and equity ¥ 324,140 $ 48,839 ¥ 880,626