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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) 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.
Origin Agritech Ltd. (NASDAQ: SEED), a Chinese agriculture technology firm, announced that its CEO, Dr. Gengchen Han, participated in a webinar hosted by GeoInvesting. The event aimed to discuss China's GMO commercialization efforts and the potential opportunities and risks for Origin. Dr. Han's involvement was part of GeoInvesting's initiative to provide insights to its subscriber base about the evolving landscape of agricultural biotechnology in China. Origin Agritech is recognized for its innovative crop seed technologies, including transgenic corn.
Origin Agritech Ltd. (NASDAQ: SEED) announced its participation in the LD 500 investor conference, taking place from September 1-4, 2020. Dr. Gengchen Han, the Company's CEO, will present on September 4 at 8 AM PST / 11 AM EST. This virtual conference, aimed at providing a unique platform for investors, is significant given the limitations imposed by COVID-19. Origin Agritech, a leader in agricultural biotechnology, has made notable advancements in crop seed biotechnologies, including the first transgenic corn with a Bio-Safety Certificate from China.
Origin Agritech Ltd. (NASDAQ: SEED) has signed a commercialization agreement with the Institute of Plant Protection of the Chinese Academy of Agricultural Sciences for a new insect-resistant GMO corn gene. This agreement follows over a decade of collaboration, allowing Origin to patent transgenic corn developed from the gene. Origin will manage the bio-safety certification process and holds exclusive worldwide commercialization rights, paying a single-digit percentage of sales royalties to IPP.
Origin Agritech Ltd. (NASDAQ: SEED) has announced that it has regained compliance with NASDAQ listing requirements after previously being non-compliant due to insufficient stockholders' equity, market value, and net income. On March 6, 2020, the company was notified of the deficiencies, but from July 2 to July 30, 2020, it maintained a market value of at least $35 million. The compliance notification marks a positive turnaround for the company, enhancing its standing on the NASDAQ Capital Market.
Origin Agritech Ltd. (NASDAQ: SEED) has partnered with the National Maize Improvement Center of China (NMICC) to develop and commercialize new GMO corn traits. This collaboration leverages NMICC's extensive experience, having produced 64 hybrid corn varieties grown on over 30 million hectares in China. The partnership aims to boost domestic corn production and reduce pesticide use by introducing innovative seed traits. This marks a significant step in Origin Agritech's expansion within the Chinese agricultural sector.
Origin Agritech Ltd. (NASDAQ: SEED) has announced a collaboration with the Biotechnology Research Institute (BRI) to enhance GMO soybean research and commercialization. This partnership will focus on developing GMO soybean varieties with enhanced drought and salt-alkaline tolerances, in addition to existing glyphosate tolerance traits. Origin has exclusive commercial rights to certain GMO crops developed by BRI. The agreement aims to boost soybean production and benefits farmers in China and globally.
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