Origin Agritech Limited (SEED) Guides 2022 Revenue Growth of 300%
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Origin Agritech Issues 2022 Guidance of 300% Revenue Growth
February 7, 2022 7:00 AM ESTBEIJING, Feb. 7, 2022 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, announced today that it expects revenues to grow in excess of 300%, to over 150 million RMB, and expects to turn a profit for fiscal 2022. The expected revenue growth is driven by both growth in its existing hybrid seed business and the addition of a new revenue stream of selling nutritionally enhanced crops to feedstock companies.
Due to increased pre-orders, Origin is already sold out of its hybrid seeds for this year's planting... More
