Origin Agritech Provides First Half Revenue Forecast and Updates Advancements in Hybrids and GMO Development
Origin Agritech Limited (SEED)
US:NASDAQ Investor Relations:
originseed.investorroom.com
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Source: PR Newswire
Estimated Revenue Growth of 30-40% in the First Half of FY 2024Two New Hybrids Completed National Trials and Four GMO Corn Hybrids Currently in National TrialsBEIJING, April 2, 2024 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), a leading Chinese agricultural technology company, provided an update on its financial and operational performance.Origin Agritech reported an estimated half-year revenue of RMB 85-95 million, an increase of 30-40% compared to the same period in the previous fiscal year.Product and Innovation Updates:New Hybrid Developments: Two new hybrids have successfully completed three years of national trials and are expected to receive approval this summer. These hybrids are anticipated to be commercially available in 2025. Furthermore, an additional 15 new hybrids have entered the national official registration trial, highlighting the Company's ongoing commitment to expanding its product portfolio.GMO Hybrid Trials: Progress continues
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News
- Origin Agritech Provides First Half Revenue Forecast and Updates Advancements in Hybrids and GMO Development [Yahoo! Finance]Yahoo! Finance
- Origin Agritech Limited (NASDAQ: SEED) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Origin Agritech Limited (NASDAQ: SEED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Origin Agritech Announces Breakthrough in High-Yield Corn Production Through Gene Editing [Yahoo! Finance]Yahoo! Finance
- Origin Agritech Announces Breakthrough in High-Yield Corn Production Through Gene EditingPR Newswire
SEED
Sec Filings
- 3/14/24 - Form F-3
- 2/15/24 - Form 20-F
- 1/31/24 - Form NT
- SEED's page on the SEC website