Origin Agritech Limited (SEED) Income Statement
SEED FY2025 at a glance
Fiscal year ended September 30, 2025 · Chinese yuanSEED revenue and net income
Where SEED's revenue goes
FY2025Each bar shows an amount and its share of revenue. SEED kept −58.4% of revenue as net income.
SEED profit margins
SEED growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −19.5% | +20.2% | +11.7% | −13.2% |
| Gross profit | −60.2% | −26.6% | +12.7% | −24.9% |
| Operating income | — | — | — | — |
| Net income | −357.5% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SEED income statement in Chinese yuan
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥91.3M | CN¥113.4M | CN¥93.3M | CN¥52.6M | CN¥46.4M | CN¥52.5M | CN¥92.4M | CN¥12.9M | CN¥0 | CN¥335.3M |
| Cost of revenue | CN¥84.9M | CN¥97.3M | CN¥76.1M | CN¥36.4M | CN¥33.6M | CN¥49.0M | CN¥105.3M | CN¥7.0M | CN¥0 | CN¥259.3M |
| Gross profit | CN¥6.4M | CN¥16.1M | CN¥17.2M | CN¥16.2M | CN¥12.8M | CN¥3.5M | −CN¥12.8M | CN¥5.9M | CN¥0 | CN¥76.0M |
| Research & development | CN¥13.0M | CN¥10.1M | CN¥7.4M | CN¥7.4M | CN¥2.0M | CN¥4.1M | CN¥13.3M | CN¥27.1M | CN¥38.7M | CN¥44.0M |
| Sales, general & admin | CN¥47.2M | CN¥42.3M | CN¥22.6M | CN¥21.7M | CN¥78.9M | CN¥62.9M | CN¥27.2M | CN¥32.1M | CN¥34.9M | CN¥62.2M |
| Total operating expenses | CN¥60.2M | CN¥52.7M | CN¥32.2M | CN¥29.1M | CN¥80.9M | CN¥67.0M | CN¥43.5M | CN¥41.4M | CN¥68.6M | CN¥137.3M |
| Operating income | −CN¥53.8M | −CN¥36.6M | −CN¥15.0M | −CN¥12.9M | −CN¥137.9M | −CN¥63.5M | −CN¥56.3M | −CN¥35.5M | −CN¥68.6M | −CN¥61.3M |
| Interest income | — | — | — | — | — | — | CN¥3,000 | CN¥6,000 | CN¥1.4M | CN¥162,000 |
| Interest expense | CN¥2.7M | CN¥1.5M | CN¥982,000 | CN¥8.2M | CN¥8.6M | CN¥5.8M | CN¥4.7M | CN¥22.8M | CN¥9.0M | CN¥7.6M |
| Income before taxes | −CN¥58.3M | CN¥18.7M | CN¥62.8M | CN¥2.3M | −CN¥126.9M | −CN¥102.4M | −CN¥65.1M | −CN¥152.8M | −CN¥76.1M | −CN¥75.4M |
| Income taxes | −CN¥293,000 | CN¥61,000 | CN¥162,000 | −CN¥14,000 | CN¥178,000 | CN¥425,000 | CN¥510,000 | CN¥0 | CN¥46.0M | CN¥1.4M |
| Net income | −CN¥53.3M | CN¥20.7M | CN¥55.3M | −CN¥6.3M | −CN¥91.5M | −CN¥102.8M | −CN¥65.7M | −CN¥153.7M | −CN¥75.7M | −CN¥65.6M |
| EBITDA | −CN¥52.3M | CN¥23.1M | CN¥67.8M | −CN¥9.0M | −CN¥59.8M | −CN¥86.0M | −CN¥46.7M | −CN¥19.1M | −CN¥85.1M | −CN¥34.2M |
| Gross margin | 7.0% | 14.2% | 18.5% | 30.8% | 27.6% | 6.7% | −13.9% | 45.5% | — | 22.7% |
| Operating margin | −58.9% | −32.3% | −16.1% | −24.5% | −297.1% | −120.9% | −60.9% | −274.8% | — | −18.3% |
| Net margin | −58.4% | 18.3% | 59.3% | −11.9% | −197.2% | −195.8% | −71.0% | −1,188.7% | — | −19.6% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.0M | CN¥24.6M | CN¥9.5M | CN¥36.2M | CN¥36.2M | CN¥10.7M | CN¥46.0M | CN¥46.0M | CN¥13.6M | CN¥33.0M | CN¥33.0M | CN¥0 |
| Cost of revenue | CN¥6.2M | CN¥21.9M | CN¥10.3M | CN¥32.1M | CN¥32.1M | CN¥11.5M | CN¥37.2M | CN¥37.2M | CN¥12.4M | CN¥25.7M | CN¥25.7M | CN¥48.5M |
| Gross profit | CN¥785,741 | CN¥2.8M | −CN¥854,000 | CN¥4.1M | CN¥4.1M | −CN¥819,000 | CN¥8.9M | CN¥8.9M | CN¥1.2M | CN¥7.4M | CN¥7.4M | −CN¥60.6M |
| Research & development | CN¥816,988 | CN¥2.9M | CN¥3.9M | CN¥2.6M | CN¥2.6M | CN¥3.5M | CN¥3.2M | CN¥1.6M | CN¥2.3M | CN¥1.4M | CN¥1.4M | CN¥12.5M |
| Sales, general & admin | CN¥3.8M | CN¥6.3M | CN¥9.8M | CN¥13.8M | CN¥13.8M | CN¥16.0M | CN¥3.4M | CN¥5.1M | CN¥5.2M | CN¥6.1M | CN¥4.1M | CN¥18.6M |
| Total operating expenses | CN¥2.6M | CN¥9.2M | CN¥15.7M | CN¥16.4M | CN¥16.4M | CN¥19.6M | CN¥6.7M | CN¥6.7M | CN¥8.6M | CN¥7.5M | CN¥4.7M | CN¥14.4M |
| Operating income | −CN¥1.8M | −CN¥6.4M | −CN¥25.1M | −CN¥12.3M | −CN¥12.3M | −CN¥20.4M | CN¥4.3M | CN¥2.1M | −CN¥7.4M | −CN¥91,000 | −CN¥91,000 | −CN¥42.2M |
| Interest expense | CN¥230,286 | CN¥807,000 | CN¥2.0M | CN¥230,500 | CN¥230,500 | CN¥542,000 | CN¥429,266 | CN¥1.0M | — | — | CN¥8.6M | CN¥2.2M |
| Income before taxes | −CN¥2.1M | −CN¥7.2M | −CN¥28.8M | −CN¥12.4M | −CN¥12.4M | CN¥6.7M | CN¥2.7M | CN¥2.7M | CN¥28.7M | CN¥2.7M | CN¥2.7M | −CN¥11.5M |
| Income taxes | CN¥4,280 | CN¥15,000 | −CN¥281,553 | CN¥17,000 | CN¥17,000 | CN¥11,000 | CN¥19,500 | CN¥19,500 | CN¥3,500 | CN¥77,500 | CN¥77,500 | −CN¥544,500 |
| Net income | −CN¥2.1M | −CN¥7.2M | −CN¥13.9M | −CN¥12.8M | −CN¥12.8M | CN¥9.7M | CN¥677,500 | CN¥677,500 | CN¥28.2M | −CN¥533,000 | −CN¥533,000 | −CN¥20.8M |
| EBITDA | −CN¥1.8M | −CN¥5.6M | −CN¥13.9M | −CN¥11.6M | −CN¥11.6M | −CN¥18.9M | CN¥3.1M | CN¥3.1M | −CN¥5.3M | CN¥884,250 | CN¥884,250 | −CN¥42.2M |
| Gross margin | 11.2% | 11.2% | −9.0% | 11.2% | 11.2% | −7.7% | 19.2% | 19.2% | 9.0% | 22.4% | 22.4% | — |
| Operating margin | −26.2% | −26.2% | −264.8% | −34.1% | −34.1% | −191.5% | 9.3% | 4.6% | −54.4% | −0.3% | −0.3% | — |
| Net margin | −29.2% | −29.2% | −146.4% | −35.4% | −35.4% | 90.7% | 1.5% | 1.5% | 207.2% | −1.6% | −1.6% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in SEED's financial statements (latest annual report filed January 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SEED financial results
In fiscal year 2025 (ended September 30, 2025), Origin Agritech reported revenue of CN¥91.3 million, down 19.5% from the year before. It had a net loss of CN¥53.3 million, a net profit margin of −58.4%. Over five years revenue grew at an average rate of 11.7% a year. Figures are in Chinese yuan, the currency of its financial statements.
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SEED income statement FAQ
What is Origin Agritech's annual revenue?
Origin Agritech reported total revenue of CN¥91.3 million for fiscal year 2025, which ended on September 30, 2025. That was down 19.5% from CN¥113.4 million the previous year.
Is Origin Agritech profitable?
No. Origin Agritech reported a net loss of CN¥53.3 million in fiscal 2025, a net profit margin of −58.4%; its operating margin was −58.9%.
What is Origin Agritech's gross margin?
Origin Agritech's gross margin was 7.0% in fiscal 2025: for every $100 of revenue, Origin Agritech kept $7 after the direct cost of its products and services.
How much does Origin Agritech spend on research and development?
Origin Agritech spent CN¥13.0 million on research and development in fiscal 2025, 14.3% of revenue.
How fast is Origin Agritech growing?
Revenue grew 11.7% a year on average over the last five fiscal years, from CN¥52.5 million to CN¥91.3 million.
When does Origin Agritech's fiscal year end?
Origin Agritech's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on January 30, 2026.