Origin Agritech Limited - Unaudited Financial Results for the Six Months Ended March 31, 2026

Origin Agritech Limited reported unaudited financial results for the six months ended March 31, 2026. Net revenue decreased to RMB 49.2 million from RMB 72.3 million in the prior-year period, attributed to a strategic shift towards new corn seed products and reduced external seed tolling services. Total operating expenses decreased by 44% to RMB 18.4 million, primarily due to lower general and administrative expenses. Selling and marketing expenses increased by 93% to RMB 5.1 million, driven by sales personnel expansion and intensified marketing efforts for new products. Research and development expenses increased by 11% to RMB 5.7 million. The company reported a total operating loss of RMB 12.9 million, an improvement from the prior year's loss, mainly due to reduced operating expenses. Interest expense increased to RMB 1.6 million. Net loss attributable to the company was RMB 14.4 million, an improvement from RMB 25.6 million in the prior year, largely due to decreased general and administrative expenses. Basic and diluted net loss per ordinary share was RMB 1.21, compared to RMB 3.55 in the prior year. As of March 31, 2026, cash and cash equivalents were RMB 13.4 million. Total liabilities were RMB 168.1 million, and total assets were RMB 92.6 million.