Origin Agritech Reports Strong Financial Results for the First Half of FY2024 and Highlights Significant Advancements in GMO Corn Approval
Origin Agritech Limited (SEED)
US:NASDAQ Investor Relations:
originseed.investorroom.com
Company Research
Source: PR Newswire
BEIJING, May 15, 2024 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), a leading Chinese agricultural technology company, today announced its unaudited financial results for the six months ended March 31, 2024. The Company also provided updates on its key product developments and strategic initiatives.Financial Results Overview:Revenue Growth: Origin Agritech reported net revenues of RMB 92 million (US$13 million) for the first half of FY2024, marking a substantial increase of 39.1% compared to RMB 66.1 million in the first half of FY2023. This growth reflects the strong demand for the Company's innovative crop solutions.Operating Expenses and Income: Total operating expenses decreased by 10% to RMB 13.4 million (US$1.9 million), down from RMB 15 million a year ago. This reduction is primarily attributed to efficiencies gained in general and administrative expenses, which decreased by 19% to RMB 6.7 million (US$1million). Consequently, total operating i
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- Origin Agritech Reports Strong Financial Results for the First Half of FY2024 and Highlights Significant Advancements in GMO Corn Approval [Yahoo! Finance]Yahoo! Finance
- Origin Agritech Receives GMO Safety Certificate for its Triple Stack Maize [Yahoo! Finance]Yahoo! Finance
- Origin Agritech Receives GMO Safety Certificate for its Triple Stack MaizePR Newswire
SEED
Sec Filings
- 6/3/24 - Form 6-K
- 5/14/24 - Form 6-K/A
- 5/14/24 - Form 6-K
- SEED's page on the SEC website