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Origin Agritech Limited (NASDAQ: SEED) is a prominent Chinese agricultural technology company headquartered in the Zhong-Guan-Cun (ZGC) Life Science Park in Beijing. Founded in 1997, the company specializes in crop seed biotechnologies, focusing on creating genetically modified crops that offer improved yield, pest resistance, and nutritional benefits.
Origin Agritech's notable achievements include the development of phytase corn, which was the first transgenic corn to receive the Bio-Safety Certificate from China's Ministry of Agriculture. The company has established a robust biotechnology seed pipeline with products featuring traits such as glyphosate tolerance and pest resistance (Bt).
Recently, Origin Agritech has seen significant advancements and milestones. In 2023, the company's triple-stack trait corn, featuring BFL4-2, was recognized nationally with its inclusion in the national demo plot. This underscores the exceptional quality and potential of their GMO corn hybrids, with full-scale commercialization expected in 2024. The company's majority-owned joint venture in Shihezi, Xinjiang, has secured farmland for growing nutrition-enhanced corn (NEC) and is nearing the completion of a state-of-the-art 100,000-ton corn drying base. This facility aims to enhance supply chain efficiency and expand production capacity.
In a notable breakthrough, Origin Agritech has developed a novel gene editing method that significantly reduces the backcross procedure from 4-5 years to just one year. This innovation accelerates the conversion of edited traits into commercial lines. The company has also achieved a high-yield corn inbred line through gene editing, showing over 50% yield increase in trials.
Financially, the company reported substantial growth for the fiscal year ending September 30, 2023, with revenues of RMB 93.3 million (US$13 million), up from RMB 52.6 million in the prior year. Despite operational challenges, the company reported a net income of RMB 120 million (US$16.7 million). As of March 31, 2024, Origin Agritech's semi-annual revenue stood at RMB 85-95 million, a 30-40% increase compared to the same period in the previous fiscal year.
Origin Agritech continues to lead in agricultural innovation through its advancements in gene editing and GMO technology, aiming to enhance food security and agricultural sustainability globally.
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Origin Agritech Ltd. (NASDAQ: SEED) announced a collaborative agreement with BaoDao Feed Ltd., a Chinese feed producer with 500 million RMB in annual sales, to produce specialized corn crops. The new corn variety offers 160% higher crude fat content compared to conventional corn, leading to estimated cost savings of 200-300 RMB per metric ton. With a total corn feedstock market of 50 million metric tons in China, the companies project 10 million metric tons in sales over 3-5 years, enhancing Origin's sales and earnings outlook for 2022.
Origin Agritech Ltd. (NASDAQ: SEED) announced on Dec. 22, 2021, its development of nutritionally enhanced corn using CRISPR technology. The new corn varieties aim to achieve balanced amino acid content and are currently in trials. Successful outcomes would validate Origin's innovative CRISPR approach, which is quicker and cheaper than traditional GMO methods. The Chairman, Dr. Gengchen Han, emphasized that this new corn trait could significantly reduce costs in animal feed additives and open doors for further CRISPR applications in agriculture.
Origin Agritech Ltd. (NASDAQ: SEED) has successfully completed production trials for its drought-resistant GMO corn trait and filed for biosafety certificate approval. Collaborating with the Chinese Academy of Agricultural Sciences, the company demonstrated yield increases of 9.2-16.2% over non-GMO corn under drought conditions and enhanced water use efficiency by 33-47% under irrigated conditions. Chairman Dr. Gengchen Han expressed optimism regarding the role of drought resistance in addressing climate change in agriculture.
Origin Agritech Ltd. (NASDAQ: SEED) announced its participation in Benchmark's Discovery One on One Conference on December 2, 2021. This unique format allows individual meetings with various institutional investors, with attendance typically exceeding 150 investors. VP of Business Development, Wei Han, highlighted China's shift toward GMO positivity as an important opportunity for the company. Origin Agritech, a leading agricultural technology firm based in Beijing, specializes in crop seed biotechnologies, including glyphosate-resistant and pest-resistant traits.
Origin Agritech Ltd. (NASDAQ: SEED) announced progress on its new GMO corn trait, successfully completing environmental release trials and moving into production trials, the fourth stage in the bio-safety certification process. Developed with the Chinese Academy of Agricultural Sciences, this trait offers enhanced pest resistance compared to existing options, positioning the company competitively in the GMO corn market. VP Wei Han emphasized its importance for food security in China and its potential to reduce reliance on harmful insecticides.
Origin Agritech Ltd. (NASDAQ: SEED) announced applying for plant variety protection for 13 new hybrid corn varieties, adding to 4 previously approved. Despite adverse weather impacting the corn harvest in northern China, Origin's hybrids show significant disease tolerance and yield improvements. The company anticipates strong demand for these new products, expected for pre-order by spring 2022. Chairman Dr. Gengchen Han emphasized the importance of high-quality seeds in challenging growing conditions, highlighting future revenue potential tied to their germplasm bank efforts.
Origin Agritech Ltd. (NASDAQ: SEED) announced a collaboration with China Agricultural University focused on using CRISPR gene editing for corn crop innovation. This partnership aims to enhance genetic advancements for improved yield and nutritional value. Origin's existing CRISPR platform has yielded breakthroughs in drought resistance and nutritional traits. CEO Dr. Gengchen Han emphasized that this collaboration will strengthen Origin's technological leadership and contribute to China's agricultural advancements.
Origin Agritech Ltd. (NASDAQ: SEED) has appointed PCG Advisory, Inc. as its new investor relations firm. This collaboration aims to enhance the company's marketing strategies to a broader investment community amidst China's agricultural modernization efforts. Dr. Gengchen Han, the Chairman, highlighted the critical role Origin will play in this initiative. PCG Advisory's CEO, Jeff Ramson, expressed enthusiasm about promoting Origin's compelling investment story, targeting both agriculture technology and growth investors.
Origin Agritech Ltd. (NASDAQ: SEED) has entered an exclusive rights agreement with the Biology Research Institute of the Chinese Academy of Agricultural Sciences for a drought-resistant GMO trait. The agreement grants Origin global rights to the trait, which has shown a yield increase of 9.2-16.2% over non-GMO corn in water-stressed conditions and improved water use efficiency by 33-47% under irrigated conditions. The Ministry of Agriculture has approved the trait for production trials, marking a significant step towards commercialization. This development aligns with the growing focus on drought resistance amid climate change.
Origin Agritech Ltd. (NASDAQ: SEED) has received approval from the Ministry of Agriculture and Rural Affairs in China for four new hybrid corn breeds. This approval enhances the company's product pipeline and competitiveness in China's corn seed market. Origin is also working on GMO-enhanced versions of these hybrids, further streamlining the approval process. Dr. Gengchen Han, Chairman of Origin Agritech, expressed optimism about expanding germplasm resources to support the development of GMO hybrid seeds.
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