Origin Agritech Limited (SEED) Reports Q4 Loss of RMB1.26

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Origin Agritech Limited Reports Unaudited Financial Results For Three Months Ended December 31, 2015

January 29, 2016 6:01 AM EST

BEIJING, Jan. 29, 2016 /PRNewswire/ -- Origin Agritech Limited (NASDAQ GS: SEED) ("Origin" or the "Company"), a technology-focused supplier of crop seeds in China, today announced unaudited financial results for the first quarter ended December 31, 2015. Origin prepares its financial statements in accordance with generally accepted accounting principles (GAAP) of the United States.

FINANCIAL RESULTS OVERVIEW

During the first quarter of fiscal year 2016, the Company generated revenues of RMB8.6 million (US$1.3 million), compared with revenues of RMB 15.6 million in the three months ended December 31, 2014. The revenues of this... More