SEEDNasdaqAgricultural Production-CropsFiscal year ends September 30
Origin Agritech LTD
Financials through fiscal 2025, year ended Sep 30, 2025Last filing: 20-F on Jan 30, 2026
$0.96−0.01 (-1.06%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
7.0%+0.3 pts over 5 years
Operating margin
–
Net margin
-58.4%+103.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -19.5% | +20.2% | +11.7% | +77.0% | |
| Gross profit | -60.2% | -26.6% | +12.7% | +35.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -31.1% | 170.7% | 195.2% | |
| Return on assets | -7.0% | -33.0% | -45.9% | |
| Current ratio | 0.78 | 0.36 | 0.44 | |
| Debt to equity | 0.84 | -1.78 | -0.79 | |
| Inventory turnover | 0.0× | 2.3× | 6.2× | |
| Capex to revenue | 3266.9% | 0.0% | 12.3% | |
| Diluted shares | 3M | 5M | 7M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Origin Agritech generated CN¥71.72M from operations and spent CN¥30.64M on capital expenditure, dividends and share buybacks. 86% of that went back into the business.
Generated
CN¥71.72M
Used
CN¥30.64M
Capital expenditureCN¥26.43M86%DividendsCN¥4.21M14%Share buybacksCN¥00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-58.4%
×Asset turnover0.79×
×Equity multiplier-4.25×
=Return on equity, FY2025195.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -58.4% | 0.79× | -4.25× | 195.2% |
| FY2024 | 18.3% | 0.61× | -4.17× | -46.7% |
| FY2023 | 59.3% | 0.50× | -1.96× | -57.9% |
| FY2022 | -11.9% | 0.41× | -0.93× | 4.6% |
| FY2021 | -197.2% | 0.25× | -1.72× | 84.0% |
| FY2020 | -162.4% | 0.20× | -5.17× | 170.7% |
| FY2019 | -67.2% | 0.27× | -14.58× | 262.1% |
| FY2018 | -1188.7% | 0.03× | 8.61× | -350.8% |
| FY2017 | -8698.2% | 0.00× | 4.12× | -51.7% |
| FY2016 | -13633.7% | 0.00× | 4.43× | -31.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-CN¥53.33M
- Cash generatingOperating cash flow above zero-CN¥22.86M
- Return on assets improvedROA up on the prior year8.7% → -40.5%
- Earnings backed by cashOperating cash flow above net income-CN¥22.86M vs -CN¥53.33M
- Less leverageLong-term debt to assets fell4.4% → 10.4%
- Better liquidityCurrent ratio rose0.54 → 0.44
- No dilutionShare count did not rise6M → 7M
- Gross margin improvedGross margin up on the prior year14.17% → 7.00%
- More efficientAsset turnover rose0.48 → 0.69