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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Sep. 30, 2023
CNY (¥)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 23,708 $ 3,302 ¥ 17,669
Accounts receivable, net 839 117 619
Due from related parties, net of bad debt allowance (note 3) ¥ 20,382 $ 2,839 ¥ 28,127
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member] Related Party [Member]
Advances to suppliers (note 5) ¥ 71,617 $ 9,975 ¥ 20,022
Inventories (note 6) 13,039 1,816 2,106
Other current assets (note 7) 12,197 1,699 12,997
Total current assets 141,782 19,748 81,540
Land use rights, net (note 9) 3,258 454 1,792
Plant and equipment, net (note 10) 21,102 2,939 46,389
Long-term investment (note 11) 66,648 9,283 1,690
Acquired intangible assets, net (note 12)     2,989
Operating lease right-of-use assets, net 821 114 1,555
Other assets (note 13) 4,895 682 0
Total assets (including amounts of the consolidated VIEs without recourse to the Company of RMB52,894 and RMB220,777 as of September 30, 2022 and 2023 respectively) 238,506 33,220 135,955
Current liabilities:      
Borrowings (note 14)     137,660
Accounts payable 4,936 687 10,161
Due to growers 404 56 404
Due to related parties (note 3) ¥ 174,484 $ 24,302 ¥ 18,629
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member] Related Party [Member]
Advances from customers ¥ 114,806 $ 15,990 ¥ 60,551
Income tax payable 773 108 773
Lease Liability - current 113 16 119
Other payables and accrued expenses (note 15) 17,945 2,501 64,568
Total current liabilities 313,461 43,660 292,865
Lease Liability - noncurrent 128 18 1,501
Other long-term liability 6,177 860 14,231
Total liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB276,371 and RMB91,261 as of September 30, 2021 and 2022, respectively) 319,766 44,538 308,597
Commitments and contingencies (note 23)
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 6,341,630 shares issued as of September 30, 2023 and 2022; 5,990,604 and 6,321,107 shares outstanding as of September 30, 2023 and 2022 respectively)* 0 0 0
Additional paid-in capital 573,289 79,847 551,933
Accumulated deficit (601,566) (83,786) (656,898)
Treasury stock at cost 20,523 and 20,523 shares as of September 30, 2023 and 2022, respectively)* (note 18) (6,133) (854) (6,133)
Accumulated other comprehensive loss (22,988) (3,202) (22,774)
Total Origin Agritech Limited shareholders' equity (deficit) (57,398) (7,995) (133,872)
Non-controlling interests (23,862) (3,323) (38,770)
Total equity (deficit) (81,260) (11,318) (172,642)
Total liabilities and deficit ¥ 238,506 $ 33,220 ¥ 135,955