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CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY | 12 Months Ended
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Sep. 30, 2021
Condensed Financial Information Of Parent Company Only Disclosure |
Condensed Financial Information of Parent Company Only Disclosure | 24. CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY The condensed financial statements of Origin Agritech Limited (the “parent company”) have been prepared in accordance with accounting principles generally accepted in the United States of America. Under the PRC laws and regulations, the Company’s PRC subsidiaries are restricted in their ability to transfer certain of their net assets to the parent company in the form of dividend payments, loans or advances. The amounts restricted include paid-in capital, capital surplus and statutory reserves, as determined pursuant to PRC generally accepted accounting principles, totaling RMB45,457 and RMB45,457 as of September 30, 2020 and 2021, respectively. The following represents condensed unconsolidated financial information of the parent company only: CONDENSED BALANCE SHEET ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30
​ | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | US$
ASSETS (LIABILITIES) |  |  |  |  |  |
Current assets (liabilities) |  |  |  |  |  |
Cash and cash equivalents |  | 18,353 |  | 8,900 |  | 1,372
Other receivables |  | 4 |  | 273 |  | 41
Due from inter-companies |  | 187,644 |  | 187,777 |  | 28,954
Due to related parties |  | (3,129) |  | 717 |  | 111
Total current assets (liabilities) |  | 202,872 |  | 197,667 |  | 30,478
Investment in unconsolidated subsidiaries |  | (280,062) |  | (338,339) |  | (52,169)
Total assets (liabilities) |  | (77,190) |  | (140,672) |  | (21,691)
​ | ​ | ​ | ​ | ​ | ​ | ​
AND EQUITY |  |  |  |  |  |
Total stockholders’ equity (deficit) |  | (77,190) |  | (140,672) |  | (21,691)
​ CONDENSED STATEMENT OF INCOME AND COMPREHENSIVE INCOME ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year ended September 30,
​ | ​ | 2019 | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | RMB |  | US$
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues |  | — |  | — |  | — |  | —
Operating expenses |  |  |  |  |  |  |  |
General and administrative |  | (12,597) |  | (14,852) |  | (19,302) |  | (2,976)
Loss from operations |  | (12,597) |  | (14,852) |  | (19,302) |  | (2,976)
Equity method loss |  | (49,163) |  | (70,407) |  | (72,213) |  | (11,135)
Interest expense |  | — |  | (2) |  | (14) |  | (2)
Loss before income taxes |  | (62,120) |  | (85,261) |  | (91,529) |  | (14,113)
Income tax expense |  | — |  | — |  | — |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss |  | (62,120) |  | (85,261) |  | (91,529) |  | (14,113)
Other comprehensive loss |  |  |  |  |  |  |  |
Foreign currency translation difference |  | (1,640) |  | 1,371 |  | (816) |  | (126)
Total comprehensive loss |  | (63,760) |  | (83,890) |  | (92,345) |  | (14,239)
​ CONDENSED STATEMENT OF CASH FLOWS ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year ended September 30,
​ | ​ | 2019 | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | RMB |  | US$
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by operating activities |  | — |  | — |  | — |  | —
Net cash provided by financing activities |  | 1,845 |  | 16,730 |  | (8,637) |  | (1,332)
Net increase in cash and cash equivalents |  | 1,845 |  | 16,730 |  | (8,637) |  | (1,332)
Cash and cash equivalents, beginning of year |  | 47 |  | 252 |  | 18,353 |  | 2,830
Effect of exchange rate changes on cash and cash equivalents |  | (1,640) |  | 1,371 |  | (816) |  | (126)
Cash and cash equivalents, end of year |  | 252 |  | 18,353 |  | 8,900 |  | 1,372
​ BASIS OF PRESENTATION The condensed financial information has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company has used equity method to account for its investments in subsidiaries.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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