UNAUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME(In thousands, except share data)Three Months ended June 30,20112012RMBRMBUS$Revenues244,688269,31942,667Cost of revenues(158,886)(215,102)(34,078)Gross profit85,80254,2178,589Operating expenses:Selling and marketing(12,552)(10,301)(1,632)General and administrative(23,756)(12,860)(2,037)Research and development(15,506)(8,206)(1,300)Other operating income (expenses), net(97)1,208191Total operating expenses, net(51,911)(30,159)(4,778)Income from operations33,89124,0583,811
Interest expense(327)(1,308)(207)Share of net income of equity investments2,430721114Interest income66050480Income before income tax expense36,65423,9753,798Income tax expense:Current(1,739)(31)(5)Deferred(3,754)--Income tax expense(5,493)(31)(5)Net income31,16123,9443,793Less: Net income (loss) attributable to the non-controlling interests17,236(1,500)(238)Net income attributable to Origin Agritech Limited 13,92525,4444,031Other comprehensive income Net income 31,16123,9443,793Foreign currency translation difference71262499Comprehensive income31,87324,5683,892Less: Comprehensive income (loss) attributable to non-controlling interests17,236(1,500)(238)Comprehensive income attributable to Origin Agritech Limited14,63726,0684,130Net income per share - basic0.601.090.17Net income per share - diluted0.601.090.17Shares used in calculating basic net income per share23,313,97023,382,81223,382,812Shares used in calculating diluted net income per share23,335,83523,382,81223,382,812 UNAUDITED CONSOLIDATED BALANCE SHEETS(In thousands, except share data)June 30September 30June 302011201120122012RMBRMBRMBUS$Assets:Current assets:Cash and cash equivalents219,989129,942194,20030,704Accounts receivable8,5
|SOURCE Origin Agritech Limited|
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