Origin Agritech Files 2024 Annual Report

TL;DR

Origin Agritech dropped its 2024 20-F, check it for the latest on their ag biz.

AI Summary

Origin Agritech Limited filed its annual 20-F report for the fiscal year ending September 30, 2024. The filing provides an overview of the company's business, financial condition, and risk factors. Specific financial figures and operational details for the period are detailed within the report.

Why It Matters

This annual filing provides investors with crucial information about Origin Agritech's performance and outlook for the past fiscal year, impacting investment decisions.

Risk Assessment

Risk Level: medium — As a foreign private issuer filing a 20-F, the company operates under different regulatory frameworks and may face geopolitical or currency risks.

Key Numbers

• 20240930 — Fiscal Year End (The report covers the period ending on this date.)
• 20250210 — Filing Date (The date the 20-F report was officially submitted to the SEC.)

Key Players & Entities

• Origin Agritech LTD (company) — Filer of the 20-F report
• 0001321851 (company) — Central Index Key for Origin Agritech LTD
• 20240930 (date) — Conformed period of report
• 20250210 (date) — Filed as of date
• BEIJING (location) — City of business and mail address

FAQ

Filing Documents

• seed-20240930x20f.htm (20-F) — 3479KB
• seed-20240930xex4d17.htm (EX-4.17) — 27KB
• seed-20240930xex4d19.htm (EX-4.19) — 182KB
• seed-20240930xex8d1.htm (EX-8.1) — 20KB
• seed-20240930xex11d3.htm (EX-11.3) — 36KB
• seed-20240930xex12d1.htm (EX-12.1) — 10KB
• seed-20240930xex12d2.htm (EX-12.2) — 10KB
• seed-20240930xex13d1.htm (EX-13.1) — 5KB
• seed-20240930xex13d2.htm (EX-13.2) — 5KB
• seed-20240930xex15d1.htm (EX-15.1) — 3KB
• seed-20240930x20f001.jpg (GRAPHIC) — 45KB
• seed-20240930xex15d1001.jpg (GRAPHIC) — 8KB
• 0001410578-25-000111.txt ( ) — 13794KB
• seed-20240930.xsd (EX-101.SCH) — 99KB
• seed-20240930_cal.xml (EX-101.CAL) — 87KB
• seed-20240930_def.xml (EX-101.DEF) — 321KB
• seed-20240930_lab.xml (EX-101.LAB) — 581KB
• seed-20240930_pre.xml (EX-101.PRE) — 541KB
• seed-20240930x20f_htm.xml (XML) — 2525KB

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 14 Item 2. Offer Statistics and Expected Timetable 14 Item 3. Key Information 14 Item 4. Information on the Company 36 Item 4A Unresolved Staff Comments 47 Item 5. Operating and Financial Review and Prospects 48 Item 6. Directors, Senior Management, and Employees 59 Item 7. Major Shareholders and Related Party Transactions 66 Item 8. Financial Information 66 Item 9. The Offer and Listing 66 Item 10. Additional Information 67 Item 11.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 75 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 76 PART II Item 13. Defaults, Dividend Arrearages, and Delinquencies 77 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 77 Item 15.

Controls and Procedures

Controls and Procedures 77 Item16A. Audit Committee Financial Expert 78 Item 16B. Code of Ethics 78 Item 16C. Principal Accountant Fees and Services 78 Item 16D. Exemption from the Listing Standards for Audit Committees 79 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 79 Item 16F. Change in registrant's certifying accountant 79 Item 16G. Corporate Governance 79 Item 16H Mine Safety 79 Item 16I Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 79 Item 16J Insider Trading Policies 80 Item 16K Cybersecurity 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 companies listed below that are indicated as formed in China, which are collectively described in this Annual Report as "our PRC Operating Companies." 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 subsidiaries Xinjiang Originbo Seed Limited ("Xinjiang Originbo") and Beijing Origin Agriculture Limited ("Origin Agriculture"), newly formed in August 2024 in Beijing, and (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; 3. OAL SMY Limited, a company formed in New Jersey, United Sta

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View this 20-F filing on SEC EDGAR