Origin Agritech Ltd
NASDAQ:SEED
Income Statement
Earnings Waterfall
Origin Agritech Ltd
Income Statement
Origin Agritech Ltd
| Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Sep-2017 | Mar-2018 | Sep-2018 | Mar-2019 | Sep-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
5
|
0
|
0
|
0
|
22
|
0
|
0
|
37
|
0
|
0
|
0
|
17
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
11
|
20
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
8
|
0
|
0
|
9
|
4
|
23
|
21
|
5
|
5
|
6
|
0
|
9
|
9
|
8
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
938
N/A
|
523
-44%
|
1 065
+104%
|
1 065
+0%
|
999
-6%
|
489
-51%
|
497
+1%
|
497
+0%
|
514
+3%
|
544
+6%
|
543
0%
|
1 020
+88%
|
593
-42%
|
575
-3%
|
575
+0%
|
560
-3%
|
585
+4%
|
563
-4%
|
563
0%
|
345
-39%
|
567
+64%
|
577
+2%
|
591
+2%
|
615
+4%
|
552
-10%
|
548
-1%
|
561
+2%
|
420
-25%
|
482
+15%
|
415
-14%
|
313
-25%
|
316
+1%
|
390
+23%
|
376
-4%
|
369
-2%
|
368
0%
|
377
+2%
|
1
-100%
|
332
+66 340%
|
329
-1%
|
1
-100%
|
5
+400%
|
13
+187%
|
92
+609%
|
92
+1%
|
54
-41%
|
53
-3%
|
20
-62%
|
46
+132%
|
81
+75%
|
53
-35%
|
72
+37%
|
93
+29%
|
119
+28%
|
113
-5%
|
94
-17%
|
91
-3%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(618)
|
(363)
|
(736)
|
(738)
|
(723)
|
(463)
|
(475)
|
(478)
|
(405)
|
(423)
|
(422)
|
(748)
|
(393)
|
(370)
|
(373)
|
(319)
|
(354)
|
(344)
|
(345)
|
(232)
|
(372)
|
(379)
|
(389)
|
(445)
|
(388)
|
(383)
|
(386)
|
(262)
|
(315)
|
(301)
|
(220)
|
(225)
|
(289)
|
(264)
|
(261)
|
(264)
|
(269)
|
0
|
(257)
|
(249)
|
(1)
|
(5)
|
(7)
|
(66)
|
(105)
|
(73)
|
(49)
|
(25)
|
(34)
|
(60)
|
(36)
|
(54)
|
(76)
|
(99)
|
(97)
|
(87)
|
(85)
|
|
| Gross Profit |
320
N/A
|
160
-50%
|
328
+105%
|
328
0%
|
276
-16%
|
27
-90%
|
22
-18%
|
19
-11%
|
109
+466%
|
121
+11%
|
121
0%
|
272
+126%
|
200
-27%
|
205
+3%
|
202
-1%
|
242
+19%
|
231
-4%
|
219
-5%
|
218
-1%
|
113
-48%
|
196
+73%
|
198
+1%
|
202
+2%
|
171
-16%
|
164
-4%
|
165
+1%
|
175
+6%
|
158
-10%
|
167
+6%
|
114
-32%
|
93
-19%
|
91
-2%
|
101
+11%
|
112
+11%
|
108
-4%
|
104
-4%
|
108
+3%
|
1
-100%
|
75
+14 880%
|
81
+7%
|
0
-100%
|
(1)
N/A
|
6
N/A
|
26
+336%
|
(13)
N/A
|
(19)
-46%
|
4
N/A
|
(5)
N/A
|
13
N/A
|
22
+68%
|
16
-25%
|
18
+11%
|
17
-4%
|
20
+17%
|
16
-20%
|
6
-60%
|
6
-1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(173)
|
(104)
|
(209)
|
(208)
|
(221)
|
(179)
|
(189)
|
(192)
|
(151)
|
(144)
|
(142)
|
(174)
|
(152)
|
(153)
|
(153)
|
(158)
|
(167)
|
(161)
|
(161)
|
(191)
|
(183)
|
(189)
|
(192)
|
(170)
|
(168)
|
(157)
|
(152)
|
(151)
|
(148)
|
(138)
|
(70)
|
(90)
|
(108)
|
(111)
|
(106)
|
(112)
|
(122)
|
(66)
|
(137)
|
(144)
|
(70)
|
(156)
|
(46)
|
(23)
|
(45)
|
(43)
|
(67)
|
(103)
|
(81)
|
(159)
|
(29)
|
(33)
|
(30)
|
(32)
|
(52)
|
(72)
|
(60)
|
|
| Selling, General & Administrative |
(154)
|
(91)
|
(183)
|
(181)
|
(187)
|
(150)
|
(155)
|
(158)
|
(127)
|
(120)
|
(117)
|
(143)
|
(121)
|
(120)
|
(119)
|
(120)
|
(131)
|
(132)
|
(132)
|
(141)
|
(144)
|
(150)
|
(154)
|
(141)
|
(134)
|
(125)
|
(119)
|
(123)
|
(122)
|
(105)
|
(53)
|
(68)
|
(85)
|
(81)
|
(79)
|
(82)
|
(88)
|
(33)
|
(100)
|
(106)
|
(36)
|
(65)
|
(33)
|
(15)
|
(31)
|
(26)
|
(63)
|
(64)
|
(79)
|
(82)
|
(22)
|
(24)
|
(23)
|
(21)
|
(42)
|
(60)
|
(47)
|
|
| Research & Development |
(22)
|
(13)
|
(26)
|
(26)
|
(34)
|
(28)
|
(34)
|
(34)
|
(25)
|
(24)
|
(25)
|
(31)
|
(34)
|
(33)
|
(34)
|
(38)
|
(38)
|
(43)
|
(45)
|
(50)
|
(45)
|
(40)
|
(38)
|
(31)
|
(38)
|
(40)
|
(42)
|
(44)
|
(42)
|
(40)
|
(24)
|
(33)
|
(42)
|
(49)
|
(47)
|
(47)
|
(47)
|
(41)
|
(43)
|
(43)
|
(39)
|
(52)
|
(27)
|
(21)
|
(13)
|
(11)
|
(4)
|
(5)
|
(2)
|
(4)
|
(7)
|
(6)
|
(7)
|
(8)
|
(10)
|
(12)
|
(13)
|
|
| Other Operating Expenses |
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
14
|
16
|
0
|
5
|
2
|
(0)
|
1
|
4
|
8
|
9
|
16
|
15
|
8
|
7
|
12
|
18
|
19
|
20
|
17
|
13
|
8
|
5
|
4
|
5
|
(40)
|
14
|
13
|
0
|
(6)
|
0
|
(34)
|
0
|
(73)
|
0
|
(3)
|
0
|
(4)
|
0
|
0
|
0
|
|
| Operating Income |
147
N/A
|
56
-62%
|
120
+113%
|
120
+0%
|
55
-54%
|
(152)
N/A
|
(167)
-10%
|
(173)
-3%
|
(42)
+75%
|
(23)
+45%
|
(21)
+10%
|
98
N/A
|
48
-51%
|
52
+9%
|
49
-5%
|
84
+70%
|
64
-23%
|
59
-9%
|
57
-3%
|
(78)
N/A
|
13
N/A
|
9
-26%
|
10
+8%
|
0
-98%
|
(4)
N/A
|
8
N/A
|
23
+183%
|
7
-69%
|
18
+153%
|
(25)
N/A
|
23
N/A
|
1
-95%
|
(7)
N/A
|
1
N/A
|
2
+23%
|
(7)
N/A
|
(14)
-92%
|
(66)
-368%
|
(62)
+5%
|
(63)
-1%
|
(70)
-10%
|
(157)
-126%
|
(40)
+75%
|
3
N/A
|
(57)
N/A
|
(62)
-8%
|
(64)
-2%
|
(108)
-70%
|
(68)
+37%
|
(137)
-102%
|
(13)
+91%
|
(15)
-14%
|
(13)
+13%
|
(12)
+6%
|
(36)
-202%
|
(66)
-81%
|
(54)
+18%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
18
|
17
|
29
|
19
|
14
|
1
|
20
|
21
|
(4)
|
(17)
|
(21)
|
(19)
|
(7)
|
(59)
|
(54)
|
(60)
|
11
|
6
|
7
|
14
|
2
|
0
|
2
|
(1)
|
3
|
1
|
(2)
|
(7)
|
(4)
|
(21)
|
(11)
|
(16)
|
(21)
|
(18)
|
(18)
|
(16)
|
(15)
|
(8)
|
(12)
|
(11)
|
(8)
|
(12)
|
(23)
|
(21)
|
(5)
|
(5)
|
(6)
|
(4)
|
(9)
|
(9)
|
(8)
|
(8)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(51)
|
0
|
0
|
16
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(45)
|
0
|
(4)
|
0
|
(4)
|
0
|
(34)
|
0
|
(76)
|
0
|
(3)
|
0
|
(4)
|
0
|
(0)
|
0
|
(4)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(91)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
3
|
3
|
6
|
5
|
4
|
1
|
2
|
1
|
1
|
1
|
(50)
|
(50)
|
0
|
3
|
54
|
55
|
0
|
1
|
0
|
0
|
0
|
(14)
|
(14)
|
(14)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
18
|
4
|
(105)
|
1
|
4
|
1
|
1
|
26
|
28
|
26
|
26
|
80
|
76
|
57
|
56
|
2
|
|
| Pre-Tax Income |
168
N/A
|
76
-55%
|
154
+103%
|
144
-7%
|
73
-50%
|
(150)
N/A
|
(146)
+3%
|
(151)
-4%
|
(46)
+70%
|
(40)
+13%
|
(92)
-132%
|
29
N/A
|
(10)
N/A
|
(4)
+62%
|
49
N/A
|
94
+94%
|
76
-20%
|
66
-13%
|
66
0%
|
(64)
N/A
|
1
N/A
|
(4)
N/A
|
(1)
+70%
|
(14)
-1 058%
|
(1)
+94%
|
9
N/A
|
21
+133%
|
1
-97%
|
14
+1 871%
|
(49)
N/A
|
12
N/A
|
(15)
N/A
|
(28)
-88%
|
(17)
+41%
|
(16)
+1%
|
(24)
-45%
|
(29)
-23%
|
(73)
-151%
|
(75)
-2%
|
(74)
+1%
|
(122)
-64%
|
(150)
-23%
|
(153)
-2%
|
(123)
+19%
|
(65)
+47%
|
(62)
+4%
|
(102)
-64%
|
(111)
-8%
|
(127)
-15%
|
(118)
+7%
|
2
N/A
|
4
+57%
|
63
+1 645%
|
63
0%
|
19
-70%
|
(11)
N/A
|
(58)
-412%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(3)
|
(0)
|
4
|
(2)
|
(6)
|
0
|
3
|
8
|
4
|
(1)
|
(1)
|
(28)
|
(12)
|
(12)
|
(11)
|
(19)
|
(9)
|
(8)
|
(12)
|
18
|
(14)
|
(17)
|
(22)
|
(16)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
38
|
38
|
38
|
38
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
| Income from Continuing Operations |
165
|
75
|
158
|
143
|
67
|
(150)
|
(142)
|
(143)
|
(42)
|
(41)
|
(92)
|
1
|
(22)
|
(16)
|
38
|
76
|
66
|
58
|
54
|
(46)
|
(13)
|
(21)
|
(23)
|
(31)
|
(3)
|
7
|
17
|
(3)
|
9
|
(10)
|
50
|
23
|
10
|
(18)
|
(18)
|
(25)
|
(31)
|
(73)
|
(76)
|
(76)
|
(122)
|
(150)
|
(153)
|
(123)
|
(66)
|
(63)
|
(103)
|
(111)
|
(127)
|
(118)
|
2
|
3
|
63
|
63
|
19
|
(11)
|
(58)
|
|
| Income to Minority Interest |
(6)
|
1
|
(4)
|
(4)
|
(16)
|
(14)
|
(6)
|
(3)
|
(2)
|
(7)
|
(7)
|
(25)
|
(19)
|
(19)
|
(19)
|
(27)
|
(17)
|
(17)
|
(16)
|
(7)
|
(10)
|
(15)
|
(18)
|
1
|
1
|
3
|
2
|
4
|
(2)
|
1
|
2
|
2
|
3
|
4
|
5
|
10
|
9
|
11
|
14
|
13
|
31
|
34
|
(1)
|
(4)
|
4
|
(1)
|
18
|
23
|
36
|
32
|
(9)
|
(12)
|
(7)
|
(5)
|
2
|
5
|
5
|
|
| Net Income (Common) |
160
N/A
|
76
-52%
|
154
+102%
|
138
-10%
|
51
-63%
|
(163)
N/A
|
(148)
+9%
|
(146)
+1%
|
(43)
+70%
|
(47)
-9%
|
(99)
-109%
|
(24)
+76%
|
(41)
-71%
|
(35)
+15%
|
18
N/A
|
49
+165%
|
49
+1%
|
41
-17%
|
37
-9%
|
(54)
N/A
|
(23)
+57%
|
(36)
-55%
|
(41)
-15%
|
(30)
+28%
|
(1)
+95%
|
10
N/A
|
19
+91%
|
0
N/A
|
8
N/A
|
(10)
N/A
|
51
N/A
|
25
-51%
|
13
-47%
|
(14)
N/A
|
(13)
+5%
|
(15)
-17%
|
(22)
-41%
|
(66)
-204%
|
(62)
+5%
|
(62)
0%
|
(76)
-21%
|
(101)
-33%
|
(154)
-52%
|
(127)
+17%
|
(62)
+51%
|
(64)
-3%
|
(85)
-33%
|
(89)
-4%
|
(92)
-3%
|
(86)
+6%
|
(6)
+93%
|
(9)
-37%
|
55
N/A
|
58
+4%
|
21
-64%
|
(6)
N/A
|
(53)
-756%
|
|
| EPS (Diluted) |
66.45
N/A
|
30.52
-54%
|
66.86
+119%
|
60.04
-10%
|
20.43
-66%
|
-70.95
N/A
|
-64.34
+9%
|
-63.65
+1%
|
-18.83
+70%
|
-20.6
-9%
|
-43.01
-109%
|
-10.39
+76%
|
-17.74
-71%
|
-15.13
+15%
|
7.96
N/A
|
21.08
+165%
|
21.34
+1%
|
17.73
-17%
|
16.21
-9%
|
-23.47
N/A
|
-10.04
+57%
|
-15.56
-55%
|
-17.86
-15%
|
-12.86
+28%
|
-0.61
+95%
|
4.39
N/A
|
8.39
+91%
|
0
N/A
|
3.26
N/A
|
-4.13
N/A
|
22.17
N/A
|
10.91
-51%
|
5.73
-47%
|
-6
N/A
|
-5.69
+5%
|
-6.65
-17%
|
-9.39
-41%
|
-23.42
-149%
|
-27
-15%
|
-27.13
0%
|
-27.03
+0%
|
-40.4
-49%
|
-49.58
-23%
|
-31
+37%
|
-14.78
+52%
|
-13.33
+10%
|
-17.05
-28%
|
-15.82
+7%
|
-16.33
-3%
|
-14.86
+9%
|
-1.09
+93%
|
-1.38
-27%
|
8.43
N/A
|
9.13
+8%
|
3.2
-65%
|
-0.86
N/A
|
-7.12
-728%
|
|