UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE
ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF JANUARY
2024
COMMISSION FILE NUMBER 000-51576
ORIGIN AGRITECH LIMITED
(Translation of registrant's name into English)
No. 21 Sheng Ming Yuan
Road, Changping District, Beijing 102206
(Address of principal executive office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes ¨
No x
If "Yes" is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b): 82- ¨
Filing of January 8, 2024 Press Release
Origin Agritech Limited is filing this Report on
Form 6-K to file as an exhibit a press release issued on January 8, 2024, announcing certain financial results for the fiscal year ended
September 30, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ORIGIN AGRITECH LIMITED |
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By: |
/s/ Han Gengchen |
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Name: |
Han Gengchen |
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Title: |
Chief Executive Officer |
Dated: January 8, 2024
Exhibit Index
The following exhibits are filed as part of this Form 6-K
Exhibit 99.1
Origin Agritech Reports Fiscal Year End 2023
Results
Beijing,
January 8, 2024, (PRNewswire) -- Origin Agritech Ltd. (NASDAQ: SEED) (the “Company” or “Origin”), a
leading Chinese agricultural technology company, today announced results for the fiscal year ended September 30, 2023.
The Company reported net income from continuing
operations for the fiscal year ended September 30, 2023 of RMB 120 million (US$ 16.7 million), compared with net income from continuing
operations of RMB 2.3 million in fiscal year 2022. For the fiscal year ended September 30, 2023, revenue was RMB 93.3 million (US$13.0
million), compared to RMB 52.6 million for the fiscal year ended September 30, 2022. The increase in revenues was mainly due to our operations
at our Xinjiang facility that holds our “Green Pass,” the strong market performance of our new hybrids, and investment income
from the sale of our subsidiary.
Although revenues for the year ended September
30, 2023 were RMB 93.0 million (US$13.0 million), an increase of RMB 40.7 million over the prior fiscal year, the Company had a loss from
operations of RMB 14.5 million (US$ 2 million). Overall operating expenses had increased over the prior fiscal year by RMB 2.6 million.
Total assets were RMB 303.6 million (US$42.3 million)
for the fiscal year ended September 30, 2023, compared with RMB 136 million for the fiscal year ended September 30, 2022. As of September
30, 2023, and 2022, we had approximately RMB 23.7 million (US$3.3 million) and RMB 17.7 million, respectively, in cash and cash equivalents
for continuing operations.
Total shareholders’ equity was RMB 12.8
million (US$1.8 million) as of September 30, 2023.
Dr. Gengchen Han, Chairman and CEO of Origin Agritech,
commented, "I am pleased to report our 2023 financial results, which underscore our growth and strategic progress. Despite facing
operational challenges, our overall financial position remains solid, with a substantial increase in total assets. These results are a
testament to our commitment to innovation and excellence in the agricultural technology sector.”
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in Zhong-Guan-Cun
(ZGC) Life Science Park in Beijing, is a leading Chinese agricultural technology company. In crop seed biotechnologies, Origin Agritech's
phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China's Ministry of Agriculture. Over the years,
Origin has established a robust biotechnology seed pipeline including products with glyphosate tolerance and pest resistance (Bt) traits.
For further information, please visit the Company's website at www.originagritech.com. The Company also maintains a Twitter account for
updating investors on company and industry developments, which is https://x.com/origin_agritech.
Forward-Looking Statements
This communication contains "forward-looking
statements" as defined in the federal securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements address expected future business and financial performance and financial condition, and contain words
like "expect," "anticipate," "intend," "plan," "believe," "seek,"
"will," "would," "target," and similar expressions and variations. Forward-looking statements address
matters that are uncertain. Forward-looking statements are not guarantees of future performance and are based on assumptions and
expectations which may not be realized. They are based on management's current expectations, assumptions, estimates and projections
about the Company and the industry in which the Company operates but involve a number of risks and uncertainties, many of which are
beyond the company's control. Some of the important factors that could cause the company's actual results to differ materially from
those discussed in forward-looking statements are: failure to develop and market new products and optimally manage product life
cycles; ability to respond to market acceptance, rules, regulations and policies affecting our products; failure to appropriately
manage process safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and
capital markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; natural
disasters and weather events and patterns; ability to protect and enforce the company's intellectual property rights; and separation
of underperforming or non-strategic assets or businesses. The company undertakes no duty or obligation to publicly revise or update
any forward-looking statements as a result of future developments, or new information or otherwise, should circumstances change,
except as otherwise required by securities and other applicable laws. Although the Company believes that the expectations expressed
in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and
actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating
the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements,
which are qualified in their entirety by these cautionary statements.
For more information, please contact:
Origin Agritech Limited Contact:
Kate Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: bing.lang@originseed.com.cn
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
Origin Agritech (NASDAQ:SEED)
過去 株価チャート
から 5 2024 まで 6 2024
Origin Agritech (NASDAQ:SEED)
過去 株価チャート
から 6 2023 まで 6 2024