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Origin Agritech Limited Reports Unaudited First Quarter Financial Results For Three Months Ended December 31, 2012
Date:2/5/2013

ed income tax assets 3,0281,7551,755279Other assets 45,1095,24612,7872,033Total assets1,131,786 

975,4371,347,291214,246Liabilities and equityCurrent liabilities:Short-term borrowings 105,00035,000145,00023,058Current portion of long-term

borrowings4,0008,0001,272 

Accounts payable21,6455,03113,2172,102Due to growers10,1704,30419,4863,099Due to related parties 6,8262,76915,4002,449Advances from customers377,234435,044366,16258,227Deferred revenues270,06023,243317,42450,477Income tax payable39,05939,06039,0606,211Other payables and accrued expenses 47,98556,74455,2828,791Total current liabilities877,979605,195979,031155,686Long-term borrowings35,00056,0008,905Other long-term liabilities -21,81021,4753,415Total liabilities877,979662,0051,056,506168,006 Shareholders' equity: Preferred stock (no par value;
1,000,000 shares authorized, none issued)----Common stock (no par value;
60,000,000 shares authorized, 23,382,812, 23,382,812 and
23,382,812 shares issued and outstanding as of December 31, 2011, September 30, 2012 and December 31, 2012 respectively)----Additional paid-in capital395,402 

397,671398,42163,357Retained deficit(134,025) 

(100,967)(123,963)(19,713)Treasury stock at cost (498,851 shares) (29,377) 

 

(29,377)(29,377)(4,672)Accumulated other comprehensive

loss(5,905) 

 

(6,280)(5,781)(919)Total Origin Agritech Limited shareholders' equity226,095261,047239,30038,053Non-controlling interests27,71252,38551,4858,187Total equity253,807313,432290,78546,240 

Total liabilities and equity1,131,786975,4371,347,291214,246CONTACT:
Origin Agritech Limited
James Chen,
Chief Financial Officer
james.chen@originseed.com.cn 
Grayling
Shiwei Yin, 646-284-9474
shiwei.yin@graylin
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SOURCE Origin Agritech Limited
Copyright©2012 PR Newswire.
All rights reserved

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