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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Sep. 30, 2022
CNY (¥)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 17,669 $ 2,489 ¥ 15,351
Restricted cash     14
Accounts receivable, net 619 87 260
Due from related parties, net of bad debt allowance 28,127 3,962 29,179
Advances to suppliers 20,022 2,820 5,799
Inventories 2,106 297 4,178
Other current assets 12,997 1,831 3,362
Total current assets 81,540 11,485 58,143
Land use rights, net 1,792 252 1,854
Plant and equipment, net 46,389 6,534 48,684
Long-term investment 1,690 238 4,596
Acquired intangible assets, net 2,989 421 3,774
Operating lease right-of-use assets 1,555 219 1,904
Other assets 0 0 83
Total assets (including amounts of the consolidated VIEs without recourse to the Company of RMB52,894 and RMB52,894 as of September 30, 2021 and 2022 respectively) 135,955 19,149 119,038
Current liabilities:      
Borrowings 137,660 19,389 137,660
Accounts payable 10,161 1,431 9,170
Due to growers 404 57 6,673
Due to related parties 18,629 2,624 30,269
Advances from customers 60,551 8,529 45,754
Income tax payable 773 109 908
Lease Liability - current 119 17 559
Other payables and accrued expenses 64,568 9,094 55,374
Total current liabilities 292,865 41,250 286,367
Lease Liability - noncurrent 1,501 211 2,552
Other long-term liability 14,231 2,004 15,717
Total liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB274,114 and RMB53,706 as of September 30, 2021 and 2022, respectively) 308,597 43,465 304,636
Commitments and contingencies
Shareholders' equity (deficit):      
Preferred stock(no par value; 1,000,000 shares authorized, none issued)
Common stock (no par value; 60,000,000 shares authorized, 6,011,127 and 5,708,003 shares issued as of September 30, 2022 and 2021; 5,431,724 and 4,801,724 shares outstanding as of September 30, 2020 and 2019 respectively) 0 0 0
Additional paid-in capital 551,933 77,739 539,315
Accumulated deficit (656,900) (92,523) (650,633)
Treasury stock at cost 20,523 and 20,523 shares as of September 30, 2022 and 2021, respectively) (6,133) (864) (6,133)
Accumulated other comprehensive loss (22,774) (3,208) (23,221)
Total Origin Agritech Limited shareholders' equity (deficit) (133,872) (18,856) (140,672)
Non-controlling interests (38,770) (5,461) (44,926)
Total equity (deficit) (172,642) (24,317) (185,598)
Total liabilities and deficit ¥ 135,955 $ 19,148 ¥ 119,038