ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

12 Months Ended

Sep. 30, 2017

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Schedule Of Subsidiaries and Variable Interest Entities [Table Text Block]

As of

September 30, 2017, the Company’s subsidiaries and variable interest entities included in continuing operations consisted of the following:

	Date of	Place of	Percentage
	Incorporation	Incorporation	of			Principal
Name	or Establishment	or Establishment	Ownership			Activity

Subsidiaries:
State Harvest Holdings Limited(“State Harvest”)	October 6, 2004	British Virgin Islands		100	%	Investment Holding

Beijing Origin State Harvest Biotechnology Limited (“BioTech”)	December 1, 2004	People’s Republic of China (“PRC”)		100	%	Hybrid seed technology development

Origin Agritech USA LLC (“Origin USA”)	August 12, 2016	United States of America (“USA”)		100	%	Hybrid seed technology development

Variable interest entity:
Beijing Origin Seed Limited (note (i)) (“Beijing Origin”)	December 26, 1997	PRC		-		Hybrid crop seed development, production and Distribution

Subsidiaries held by Beijing Origin:
Henan Origin Cotton Technology Development Limited (note (i)) (“Henan Cotton”)	March 2, 2001	PRC		92.04	%	Hybrid crop seed development, production and distribution

Xinjiang Originbo Seed Company Limited (note (i)) (“Xinjiang Origin”)	July 13, 2011	PRC		51	%	Hybrid crop seed development, production and distribution

Note (i):

Beijing Origin Seed Limited, Henan Origin Cotton Technology Development Limited, and Xinjiang Originbo Seed Company Limited are collectively referred to as “Beijing Origin”.

Schedule of Variable Interest Entities [Table Text Block]

The Company has aggregated the financial information of Beijing Origin and its subsidiaries in the table below. The aggregated carrying amount of assets and liabilities of Beijing Origin and its subsidiaries after elimination of intercompany transactions and balances consolidated in the Company’s consolidated balance sheets as of September 30, 2016 and 2017 are as follows:

Risks in relation to the VIE structure

	September 30,
	2016		2017		2017
	RMB		RMB		US$
ASSETS
Current Assets
Cash and cash equivalents		2,920		2,848		433
Restricted cash		21,181		-		-
Due from related party		-		33,300		5,017
Advances to suppliers		4,107		5,293		798
Inventories		579		19,911		3,000
Other current assets		1,667		1,306		197
Current assets of discontinued operations		446,449		22,027		3,315
Total current assets		476,903		84,685		12,760
Land use rights, net		14,399		13,851		2,087
Plant and equipment, net		151,997		144,798		21,817
Equity investments		18,721		18,721		2,821
Acquired intangible assets, net		13,923		8,585		1,294
Other assets		1,683		4,196		632
Non-current assets of discontinued operations		193,769		37,742		5,687
Total assets		871,395		312,578		47,098
LIABILITIES
Current liabilities
Short-term borrowings		105,000		15,000		2,260
Current portion of long-term borrowings		7,023		35,504		5,349
Accounts payable		1,287		1,451		219
Due to related parties		12,602		10,000		1,507
Other payables and accrued expenses		39,221		30,454		4,589
Current liabilities of discontinued operations		428,780		31,041		4,677
Total current liabilities		593,913		123,450		18,601
Long-term borrowings		20,000		56,769		8,554
Other long-term liability		19,426		20,468		3,084
Non-current liabilities of discontinued operations		8,080		-		-
Total liabilities		641,419		200,687		30,239

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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