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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Sep. 30, 2018
CNY (¥)
Sep. 30, 2018
USD ($)
Sep. 30, 2017
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 1,990 $ 289 ¥ 3,245
Due from related parties (note 3) 129,506 18,826 55,940
Accounts receivable 0 0 24
Advances to suppliers (note 5) 1,188 173 5,298
Inventories (note 6) 81,947 11,912 23,226
Other current assets (note 7) 247 33 1,326
Total current assets 214,878 31,233 89,059
Land use rights, net (note 8) 16,564 2,408 19,108
Plant and equipment, net (note 9) 172,748 25,112 177,317
Long-term investment (note 10) 16,347 2,376 18,721
Acquired intangible assets, net (note 11) 8,362 1,216 15,739
Other assets (note 12) 1,202 175 4,196
Total assets (including amounts of the consolidated VIEs without recourse to the Company of RMB312,578 and RMB423,533 as of September 30, 2017 and 2018, respectively) 430,101 62,520 324,140
Current liabilities:      
Short-term borrowings (note 13) 0 0 15,000
Current portion of long-term borrowings (note 13) 78,235 11,373 35,504
Accounts payable 7,955 1,156 1,454
Due to growers 7,984 1,161 6,535
Due to related parties (note 3) 293,732 42,699 11,592
Advances from customers 6,338 921 1,866
Notes payable (note 14) 0 0 8,335
Other payables and accrued expenses (note 15) 37,927 5,513 31,178
Current liabilities of discontinued operations (note 4) 0 0 22,640
Total current liabilities 432,171 62,823 134,104
Long-term borrowing (note 13) 0 0 56,769
Other long-term liability (note 16) 21,278 3,093 20,468
Total liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB200,687 and RMB450,585 as of September 30, 2017 and 2018, respectively) 453,449 65,916 211,341
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, 2,937,430 and 3,261,153 shares issued as of September 30, 2017 and 2018; 2,859,668 and 3,196,244 shares outstanding as of September 30, 2017 and 2018, respectively) [1] 0 0 0
Additional paid-in capital 428,311 62,262 411,981
Accumulated deficit (411,723) (59,850) (258,060)
Treasury stock at cost (77,762 and 64,909 shares as of September 30, 2017 and 2018, respectively) (note 18) [1] (19,163) (2,786) (22,791)
Accumulated other comprehensive loss (22,136) (3,220) (18,821)
Total Origin Agritech Limited shareholders' equity (24,711) (3,594) 112,309
Non-controlling interests 1,363 198 490
Total equity (23,348) (3,396) 112,799
Total liabilities and equity ¥ 430,101 $ 62,520 ¥ 324,140
[1] Retrospectively restated for effect of reverse stock split