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ACQUIRED INTANGIBLE ASSETS, NET | 12 Months Ended
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Sep. 30, 2024
ACQUIRED INTANGIBLE ASSETS, NET |
ACQUIRED INTANGIBLE ASSETS, NET | 10. ACQUIRED INTANGIBLE ASSETS, NET Acquired intangible assets, net consist of the following: ​
​ | ​ | ​ | ​ | ​
​ | ​ | September 30,
​ | ​ | 2023 | ​ | 2024
​ |  | RMB |  | RMB
Technology rights for licensed seeds |  | 72,748 | ​ | 72,748
Distribution network |  | 4,739 | ​ | 4,739
​ |  | 77,487 | ​ | 77,487
Accumulated amortization |  | (73,877) | ​ | (73,877)
Impairment provision |  | (3,610) | ​ | (3,610)
​ | ​ | ​ | ​ | ​
Acquired intangible assets, net |  | — | ​ | —
​ Amortization expenses for the years ended September 30, 2023 and 2024 were RMB 0.79 million and RMB -nil- respectively. The Company enters into technology transfer and usage agreements with strategic partners and pays up-front fees for the exclusive rights to certain seed technologies. Technology rights are amortized over an average usage period of 3 to 20 years and are charged to general and administrative expenses.

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