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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.
For more information, please visit the official website or follow their updates on Twitter.
Origin Agritech Ltd. (NASDAQ: SEED) announced significant progress in the official government trials of GMO corn hybrid varieties. One herbicide-resistant variety has completed its final trial and awaits approval, while five double-stack GMO corn hybrids have moved to the second-year trials. Additionally, three new hybrids are set for first-year trials next year, totaling 27 hybrids at various evaluation stages. Thirteen GMO Phytase varieties are also pending final approval. The company emphasizes the importance of these developments for future market readiness.
Origin Agritech Ltd. (NASDAQ: SEED) announced that Chairman Dr. Gengchen Han was interviewed by The Wall Street Resource Podcast. The discussion highlighted the company's significant investments in research, positioning it to benefit from China's expected approval of GMO crops, a market estimated to be worth billions. Dr. Han emphasized that this opportunity is primarily reserved for domestic firms. Origin Agritech has pioneered various biotech seeds and continues to develop a strong product pipeline, contributing to its competitive advantage in the agricultural sector.
Origin Agritech Ltd. (NASDAQ: SEED) has entered a collaboration agreement with Beijing Dabeinong Technology Group to develop commercial GMO corn hybrids. This partnership aims to integrate DBN's approved traits with Origin's elite hybrids to enhance corn production for Chinese farmers. The agreement may also lead to joint efforts in GMO seed production and marketing. DBN is a major Chinese agriculture firm with significant market presence, while Origin boasts a substantial corn seed germplasm collection and a strong GMO pipeline.
Origin Agritech Ltd. (NASDAQ: SEED) announced the development of new corn traits that enhance drought resistance and provide protection against southern rust, significant threats to crop yields. Leveraging over 20 years of advanced germplasm development, these traits are crucial as drought can reduce yields by over 30% and southern corn rust by 45%. Recent drought conditions affecting 475,333 hectares in China highlight the immediate need for these resilient crops. Chairman Dr. Gengchen Han emphasized the importance of responsiveness to farmers' needs in the face of climate change.
Origin Agritech Ltd. (NASDAQ: SEED) announced advancements in gene editing technology for developing new corn traits. The Biotechnology Center of Beijing Origin Seed has created traits that reduce plant height and increase chloroplast content. These innovations aim to enhance corn seed production and meet the growing acceptance of GMOs in China. Origin's Chairman, Dr. Gengchen Han, expressed excitement about the potential of these traits in capitalizing on market trends.
Origin Agritech Ltd. (NASDAQ: SEED) has provided an update on the commercialization of GMO seeds in China, following a significant statement from the Central Economic Work Conference. The government plans to industrialize biotech breeding to enhance food security. Origin is prepared to supply various GMO corn and soybean seeds aimed at increasing agricultural productivity. The company is on track with several seed traits in different stages of the approval process, including its GMO Phytase Corn, which is awaiting variety approval. Chairman Dr. Gengchen Han highlights the potential for a lucrative market opportunity amid this transformation.
Origin Agritech Ltd. (NASDAQ: SEED) has received a RMB6.5 million grant from China's Ministry of Agriculture for its GMO corn traits, GH5112E-117C and G1105E-823. This funding aims to enhance agricultural technology innovation and supports the final steps towards obtaining bio-safety certificates for these traits. The successful evaluation marks a significant progress in Origin's research and reflects strong governmental support for GMO initiatives in China. CEO Dr. Gengchen Han expressed optimism about the contributions of this technology to Chinese agriculture.
Origin Agritech Ltd. (NASDAQ: SEED) has announced that its Beijing subsidiary received an additional RMB20 million from joint venture partner BC-TID, raising total funding to RMB157 million (approximately $23.4 million). The funding aims to enhance seed production and marketing as China prepares for a move towards GMO acceptance. All necessary deal documents have been completed and submitted for government approval, which is expected within two weeks.
Origin Agritech Ltd. (NASDAQ: SEED) announced its capability to produce GMO corn seeds to meet anticipated demand as China moves towards GMO acceptance. The company claims its facility can produce up to 30,000 tons of GMO corn seeds annually, which can cultivate 20 million Mu (1.33 million hectares). Origin believes its advanced seed traits and production capacity position it for success in the evolving market.
Origin Agritech Ltd. (NASDAQ: SEED) announced the approval of the Standard Testing Method for two GMO corn seed traits by China's Ministry of Agricultural and Rural Affairs. The approved traits are G1105E-823C, which combines insect resistance with herbicide tolerance, and GH5112E-117C, which provides herbicide tolerance. This approval follows third-party testing and will establish national standards for future testing from November 1, 2020. The company remains a pioneer in agricultural biotechnology, having previously achieved significant milestones in crop seed innovation.
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