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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Sep. 30, 2024
CNY (¥)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 8,375 $ 1,195 ¥ 23,708
Accounts receivable, net 4,032 575 839
Due from related parties, net of bad debt allowance (note 3) ¥ 8,636 $ 1,232 ¥ 20,382
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 4) ¥ 65,076 $ 9,287 ¥ 71,617
Inventories (note 5) 12,874 1,837 13,039
Other current assets (note 6) 755 108 12,197
Total current assets 99,748 14,234 141,782
Land use rights, net (note 7) 3,192 456 3,258
Plant and equipment, net (note 8) 28,301 4,039 21,102
Long-term investment (note 9)     66,648
Acquired intangible assets, net (note 10) 0 0 0
Operating lease right-of-use assets, net 321 46 821
Other assets (note 13) 0 0 4,895
Total non-current assets 31,814 4,541 96,724
Total assets (including amounts of the consolidated VIEs without recourse to the Company of RMB220,777 and RMB 237,034 as of September 30, 2023 and 2024 respectively) 131,562 18,775 238,506
Current liabilities:      
Borrowings (note 12) 4,950 706  
Accounts payable 8,469 1,209 4,936
Due to growers     404
Due to related parties (note 3) ¥ 27,029 $ 3,857 ¥ 174,484
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member] Related Party [Member]
Contract liabilities ¥ 78,694 $ 11,230 ¥ 114,806
Income tax payable 807 115 773
Lease Liability - current 63 9 113
Other payables and accrued expenses (note 13) 64,271 9,173 17,945
Total current liabilities 184,283 26,299 313,461
Lease Liability - noncurrent 65 9 128
Other long-term liability 5,813 830 6,177
Total non - current liabilities 5,878 839 6,305
Total liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB91,261 and RMB89,888 as of September 30, 2023 and 2024, respectively) 190,161 27,138 319,766
Commitments and contingencies (note 22)
Shareholders' deficit:      
Preferred stock(no par value; 1,000,000 shares authorized, none issued)
Common stock (no par value; 60,000,000 shares authorized, 6,341,630 and 6,581,630 shares issued as of September 30, 2024 and 2023; 6,321,107 and 6,561,107 shares outstanding as of September 30, 2024 and 2023 respectively) 0 0 0
Additional paid-in capital 578,512 82,557 573,289
Accumulated deficit (580,854) (82,892) (601,566)
Treasury stock at cost 20,523 and 20,523 shares as of September 30, 2024 and 2023, respectively)* (note 15) (6,133) (875) (6,133)
Accumulated other comprehensive loss (22,816) (3,256) (22,988)
Total Origin Agritech Limited shareholders' deficit (31,291) (4,466) (57,398)
Non-controlling interests (27,308) (3,897) (23,862)
Total shareholders' deficit (58,599) (8,363) (81,260)
Total liabilities and shareholders' deficit ¥ 131,562 $ 18,775 ¥ 238,506