Origin Agritech Ltd. announced its financial results for the six months ended March 31, 2025, on June 26, 2025. The company reported revenue of $10.1 million, a decrease from $13.0 million for the same period in fiscal year 2024. This decline was primarily attributed to the halt of partial production lines at the Xinjiang factory for equipment upgrades and technical renovation, which reduced production capacity.
The company also noted that some proprietary products experienced sales declines due to market cycle impacts, and newly launched products are still in the market cultivation stage. Total operating expenses for the first half of fiscal year 2025 increased to $4.6 million, compared to $1.9 million in the prior year period, driven by higher general and administrative expenses and research and development investments.
Origin Agritech reported a total operating loss of $3.4 million for the first half of fiscal year 2025, a significant shift from the operating income of $0.6 million reported a year ago. The net loss attributable to the company was $3.6 million, compared to a net profit of $0.2 million in the same period last year, resulting in a loss per ordinary share of $0.50.
As of March 31, 2025, the company's cash and cash equivalents stood at approximately $0.33 million, a decrease from $1.2 million as of September 30, 2024. Management stated that the period represents a transformative time with strategic investments, but acknowledged challenging market conditions and timing differences in seed sales.
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