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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Sep. 30, 2019
USD ($)
Sep. 30, 2019
CNY (¥)
Sep. 30, 2018
CNY (¥)
Current assets:      
Cash and cash equivalents $ 451 ¥ 3,198 ¥ 1,990
Due from related parties (note 3) 4,792 33,890 129,506
Accounts receivable 209 1,481 0
Advances to suppliers (note 5) 76 538 1,188
Inventories (note 6) 4,033 28,527 81,947
Other current assets (note 7) 222 1,588 247
Total current assets 9,783 69,222 214,878
Asset held for sale (note 8) 799 5,652  
Land use rights, net (note 9) 1,826 12,913 16,564
Plant and equipment, net (note 10) 21,083 149,116 172,748
Long-term investments (note 11) 2,311 16,347 16,347
Acquired intangible assets, net (note 12) 773 5,469 8,362
Other assets (note 13) 338 2,393 1,202
Total assets (including amounts of the consolidated VIEs without recourse to the Company of RMB423,533 and RMB244,722 as of September 30, 2018 and 2019, respectively) 36,913 261,112 430,101
Current liabilities:      
Current portion of long-term borrowings (note 14) 11,114 78,611 78,235
Accounts payable 1,375 9,723 7,955
Due to growers 1,026 7,260 7,984
Due to related parties 6,028 42,633 293,732
Advances from customers 7,387 52,244 6,338
Income tax payable 93 656 0
Other payables and accrued expenses (note 15) 8,010 56,675 37,927
Total current liabilities 35,033 247,802 432,171
Other long-term liability (note 16) 4,070 28,785 21,278
Total liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB450,585 and RMB264,074 as of September 30, 2018 and 2019, respectively) 39,103 276,587 453,449
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, 3,261,153 and 4,866,633 shares issued as of September 30, 2018 and 2019; 3,196,244 and 4,801,724 shares outstanding as of September 30, 2018 and 2019, respectively) 0 0 0
Additional paid-in capital 69,876 494,098 428,311
Accumulated deficit (67,012) (473,843) (411,723)
Treasury stock at cost (64,909 and 64,909 shares as of September 30, 2018 and 2019, respectively) (2,709) (19,163) (19,163)
Accumulated other comprehensive loss (3,364) (23,776) (22,136)
Total Origin Agritech Limited shareholders' equity (3,209) (22,684) (24,711)
Non-controlling interests 1,019 7,209 1,363
Total equity (2,190) (15,475) (23,348)
Total liabilities and equity $ 36,913 ¥ 261,112 ¥ 430,101