Origin Agritech H1 FY2026 Net Loss Narrows to $2.1M on Lower Expenses
Origin Agritech Limited reported its unaudited financial results for the first half of FY2026, with a net loss attributable to the company of $2.1 million (RMB14.4 million), a significant improvement from the $25.6 million (RMB25.6 million) net loss in H1 FY2025. The company also saw its operating loss narrow by 47.8% to $1.9 million (RMB12.9 million), primarily due to a 44% decrease in total operating expenses, notably a 70% drop in general and administrative expenses. Net revenue, however, declined to $7.1 million (RMB49.2 million) from $72.3 million (RMB72.3 million) in the prior year, attributed to a strategic shift towards new corn seed products and reduced external seed tolling services. The company also entered agreements to issue 2 million ordinary shares for $2.8 million.
Key Highlights
- Net loss attributable to Origin Agritech narrowed to $2.1 million (RMB14.4 million) in H1 FY2026 from $25.6 million (RMB25.6 million) in H1 FY2025.
- Operating loss improved by 47.8%, narrowing to $1.9 million (RMB12.9 million) from $24.7 million (RMB24.7 million) in H1 FY2025.
- Net revenue decreased to $7.1 million (RMB49.2 million) in H1 FY2026 from $72.3 million (RMB72.3 million) in H1 FY2025.
- Total operating expenses fell 44% to $2.7 million (RMB18.4 million) from $32.8 million (RMB32.8 million) year-over-year.
- General and administrative expenses decreased 70% to $1.1 million (RMB7.6 million).
- Net loss per ordinary share improved to $0.17 (RMB1.21) from $3.55 (RMB3.55) in the prior year.
- Cash and cash equivalents were $1.9 million (RMB13.4 million) as of March 31, 2026.
- Agreements signed to sell 2 million ordinary shares for $2.8 million, with $2.1 million received.
Price Impact
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