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DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Results Of Operations Reclassified From Discontinued Operations [Table Text Block]

 

Results of operations reclassified from discontinued operations to continued operations for the fiscal years 2017:

 

 

 

 

 

    

Year Ended September 30, 

 

 

2017

 

    

RMB

Revenues

 

871

Cost of revenues

 

(679)

Gross profit

 

192

Operating expenses

 

  

General and administrative

 

(1,188)

Total operating expenses, net

 

(1,188)

Impairment loss

 

(44,706)

Loss before income taxes

 

(45,702)

 

 

 

Net Loss

 

(45,702)

 

Disposal Groups, Including Discontinued Operations [Table Text Block]

 

Results of discontinued operations are summarized as follows:

 

 

 

 

 

 

Year ended

 

 

September 30, 

 

 

2017

 

    

RMB

Revenues

 

234,952

Cost of revenues

 

(171,501)

Gross profit

 

63,451

Operating expenses

 

 

Selling and marketing

 

(21,149)

General and administrative

 

(16,414)

Research and development

 

(659)

Other income, net

 

360

Total operating expenses, net

 

(37,862)

 

 

 

Income from discontinued operations

 

25,589

 

 

 

Interest expense

 

(5,480)

Interest income

 

34

Impairment on plant and equipment and inventories

 

 —

Income before income taxes from discontinued operations

 

20,143

 

 

 

Income tax expense from discontinued operations

 

 

Current

 

(1,281)

Deferred

 

 —

Income tax expenses from discontinued operations

 

(1,281)

 

 

 

Loss on disposal of commercial seed business

 

(3,282)

Net income from discontinued operations

 

15,580

Less: Net income  attributable to non-controlling interests

 

821

Net income from discontinued operations attributable to Origin Agritech Ltd.

 

14,759