Origin Agritech Ltd. Files Annual Report on Form 20-F

TL;DR

<b>Origin Agritech Ltd. has filed its annual 20-F report for the fiscal year ending September 30, 2023, detailing its financial position and operations.</b>

AI Summary

Origin Agritech LTD (SEED) filed a Foreign Annual Report (20-F) with the SEC on February 15, 2024. Origin Agritech Ltd. filed its annual report on Form 20-F for the fiscal year ended September 30, 2023. The company's principal executive offices are located at No. 21 Sheng Ming Yuan Road, Changping District, Beijing, China. The filing includes financial data for the fiscal year ending September 30, 2023. Key financial figures reported include total assets of $238,506,000 and total debt of $171,678,000 as of September 30, 2023. The report details various equity components as of September 30, 2023, including Common Stock, Additional Paid-In Capital, and Retained Earnings.

Why It Matters

For investors and stakeholders tracking Origin Agritech LTD, this filing contains several important signals. This filing provides investors and stakeholders with a comprehensive overview of Origin Agritech's financial performance and condition for the past fiscal year. The detailed financial statements and disclosures within the 20-F are crucial for understanding the company's asset base, debt levels, and equity structure, informing investment decisions.

Risk Assessment

Risk Level: medium — Origin Agritech LTD shows moderate risk based on this filing. The company's significant debt level ($171,678,000) relative to its assets ($238,506,000) indicates a medium level of financial risk.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 20-F to assess the company's financial health and future prospects.

Financial Highlights

total Assets

238506000

total Debt

171678000

Key Numbers

• 238506000 — Total Assets (As of September 30, 2023)
• 171678000 — Total Debt (As of September 30, 2023)
• 13039000 — Other Nonoperating Income/Expense (For the fiscal year ended September 30, 2023)
• 821000 — Other Nonoperating Income/Expense (For the fiscal year ended September 30, 2023)

Key Players & Entities

• Origin Agritech LTD (company) — Filer of the 20-F report
• SEED (company) — Ticker symbol for Origin Agritech LTD
• Beijing (company) — Location of principal executive offices
• 2023-09-30 (date) — Fiscal year end date
• 2024-02-15 (date) — Filing date
• seed:BeijingChangpingTechnologyInnodevelopGroupMember (company) — Related party member
• seed:BeijingOriginSeedLimitedMember (company) — Related party member
• seed:LinzeOriginSeedsLtdMember (company) — Related party member

FAQ

Key Dates

• 2023-09-30: Fiscal Year End — End of the reporting period for the 20-F filing.
• 2024-02-15: Filing Date — Date the 20-F report was officially submitted to the SEC.

Filing Documents

• seed-20230930x20f.htm (20-F) — 3379KB
• seed-20230930xex4d17.htm (EX-4.17) — 27KB
• seed-20230930xex4d18.htm (EX-4.18) — 6KB
• seed-20230930xex8d1.htm (EX-8.1) — 22KB
• seed-20230930xex12d1.htm (EX-12.1) — 10KB
• seed-20230930xex12d2.htm (EX-12.2) — 10KB
• seed-20230930xex13d1.htm (EX-13.1) — 4KB
• seed-20230930xex13d2.htm (EX-13.2) — 4KB
• seed-20230930xex15d1.htm (EX-15.1) — 2KB
• seed-20230930x20f001.jpg (GRAPHIC) — 103KB
• 0001104659-24-024556.txt (&nbsp;) — 13180KB
• seed-20230930.xsd (EX-101.SCH) — 94KB
• seed-20230930_cal.xml (EX-101.CAL) — 90KB
• seed-20230930_def.xml (EX-101.DEF) — 287KB
• seed-20230930_lab.xml (EX-101.LAB) — 545KB
• seed-20230930_pre.xml (EX-101.PRE) — 512KB
• seed-20230930x20f_htm.xml (XML) — 2539KB

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No Table of Contents ORIGIN AGRITECH LIMITED TABLE OF CONTENTS Introduction 1 PART I Item 1. Identity of Directors, Senior Management and Advisors 13 Item 2. Offer Statistics and Expected Timetable 13 Item 3. Key Information 13 Item 4. Information on the Company 37 Item 4A Unresolved Staff Comments 49 Item 5. Operating and Financial Review and Prospects 50 Item 6. Directors, Senior Management, and Employees 59 Item 7. Major Shareholders and Related Party Transactions 67 Item 8. Financial Information 67 Item 9. The Offer and Listing 68 Item 10. Additional Information 68 Item 11.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 77 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 77 PART II Item 13. Defaults, Dividend Arrearages, and Delinquencies 78 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 78 Item 15.

Controls and Procedures

Controls and Procedures 78 Item16A. Audit Committee Financial Expert 79 Item 16B. Code of Ethics 79 Item 16C. Principal Accountant Fees and Services 79 Item 16D. Exemption from the Listing Standards for Audit Committees 80 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 80 Item 16F. Change in registrant's certifying accountant 80 Item 16G. Corporate Governance 80 PART III Item 17.

Financial Statements

Financial Statements 81 Item 18.

Financial Statements

Financial Statements 81 Item 19. Exhibits 82 i Table of Contents INTRODUCTION Except where the context otherwise requires and for purposes of this Annual Report only: "we," "us," "our company," "our," the "Company" and "Origin" refer to Origin Agritech Limited and an intermediate holding company, State Harvest Holdings Limited, both companies formed in the British Virgin Islands and the following, which are collectively described in this Annual Report as "our PRC Operating Companies." The PRC Operating Companies are: 1. State Harvest Holdings Limited ("State Harvest"), a company formed in British Virgin Islands, which is a 100% equity owned company of Origin, as a holding company for our other direct and indirect subsidiaries in China, including: 2. Beijing Origin State Harvest Biotechnology Limited ("Origin Biotechnology"), a company formed in China, collectively for itself and its China formed subsidiaries listed below, all of which are, directly or indirectly, wholly or partly equity owned by State Harvest. (i) Hubei Aoyu Agricultural Technology Limited, ("Hubei Aoyu") in Hubei province, (ii) Anhui Aoyu Zhongye Technology Ltd. ("Anhui Aoyu") in Anhui province, (iii) Xuzhou Aoyu Agricultural Technology Ltd. ("Xuzhou Aoyu") in Jiangsu province, (iv) Henan Aoyu Zhongye Limited ("Henan Aoyu") in Henan province, (v) Shandong Aoruixinong Agricultural Technology Limited (Shandong Aoruixinong), (vi) Hainan Aoyu Biotechnology Limited ("Hainan Aoyu") in Hainan province and its subsidiary Xinjiang Originbo Seed Limited ("Xinjiang Originbo"), (vii) Henan Baodao Origin Agriculture and Animal Husbandry Co., Ltd ("Baodao Origin") in Henan province, and its subsidiaries Shihezi Baodao Agriculture and Animal Husbandry Technology Co., Ltd ("Shihezi Baodao") in Xinjiang, and (viii) Beijing Origin Seed Limited. 3. OAL SMY Limited, a company formed in New Jersey, United States, is a 100% equity owned company of Origin. "last year," "fiscal year 2023," "the

View Full Filing

View this 20-F filing on SEC EDGAR