Origin Agritech LTD (SEED) [Rocket]

In millions of CNY, except per share items	Sep-30-22	Sep-30-21	Sep-30-20	Sep-30-19	Sep-30-18	Sep-30-17	Sep-30-16	Sep-30-15
	20-F	20-F	20-F	S-1/A	20-F	20-F	20-F	20-F
Revenues:
Agri-biotech and product development								3.6
Production and distribution of hybrid seeds								376.3
Total revenues	52.6	46.4	52.5	92.4	12.9	0.9	0.5	376.6
Revenue growth [+]	13.3%	-11.6%	-43.2%	615.1%	1385.9%	80.9%	-99.9%	-9.3%
Agri-biotech and product development								0.7%
Production and distribution of hybrid seeds								-9.3%
Cost of goods sold	36.4	33.6	49.0	105.3	7.0	0.7	0.0	264.0
Gross profit	16.2	12.8	3.5	-12.8	5.9	0.2	0.5	112.5
Gross margin	30.8%	27.6%	6.7%	-13.9%	45.5%	22.1%	100.0%	29.9%
Selling, general and administrative [+]	21.7	78.9	62.9	31.3	32.6	36.1	33.0	80.7
Sales and marketing	7.3	5.6	4.8	4.0	0.4			40.0
General and administrative	14.3	73.3	58.1	27.2	32.1	36.1	33.0	40.7
Research and development	7.4	2.0	4.1	13.3	27.1	38.7	41.3	48.7
Other operating expenses		69.9	28.1	4.1	-12.7	-5.0	-24.1	-18.2
EBITDA [+]	-9.0	-129.6	-81.0	-47.7	-24.7	-41.9	-18.5	31.9
EBITDA growth	-93.1%	60.1%	69.8%	93.5%	-41.1%	126.6%	-157.9%	688.3%
EBITDA margin	-17.1%	-279.2%	-154.2%	-51.6%	-190.7%	-4812.5%	-3841.0%	8.5%
Depreciation	3.1	7.5	9.8	10.9	10.5	21.5	24.6	22.9
EBITA	-12.1	-137.1	-90.8	-58.6	-35.2	-63.4	-43.1	9.0
EBITA margin	-23.0%	-295.4%	-172.8%	-63.4%	-272.0%	-7287.7%	-8952.2%	2.4%
Amortization of intangibles	0.8	0.8	0.8	2.9	5.9	6.2	6.6	7.7
EBIT [+]	-12.9	-137.9	-91.6	-61.5	-41.1	-69.6	-49.7	1.3
EBIT growth	-90.6%	50.6%	48.9%	49.6%	-40.9%	40.0%	-3808.7%	-105.5%
EBIT margin	-24.5%	-297.1%	-174.4%	-66.5%	-318.0%	-7994.9%	-10332.0%	0.4%
Interest expense, net [+]	8.2	8.6	5.8	4.7	22.8	7.6	7.5	18.6
Interest expense	8.2	8.6	5.8	4.7	22.8	9.0	7.6	18.6
Interest income						1.4	0.1
Other income (expense), net [+]	23.4	19.6	-5.0	1.0	-88.9	-44.7	-8.3	0.8
Impairment of equity method investments	-2.9	-6.0	-6.0		-2.4
Asset impairment charges		-69.9	-28.1	-4.1	-1.4	-44.7
Gain (loss) on sale of business					-90.7
Other	15.7	14.9	-6.7	-3.6			-8.3	-18.2
Pre-tax income	2.3	-126.9	-102.4	-65.1	-152.8	-121.8	-65.5	-16.5
Income taxes	0.0	0.2	0.4	0.5	0.9	0.0	0.0	0.0
Tax rate						0.0%	0.0%	0.0%
Minority interest	8.6	-35.6	-17.6	-3.5	0.9	-30.6	-11.3	-4.0
Earnings from continuing ops	-6.3	-91.5	-85.3	-62.1	-153.7	-213.1	-61.8	-13.8
Earnings from discontinued ops						15.6	-3.8
Net income	-6.3	-91.5	-85.3	-62.1	-153.7	-197.5	-65.6	-13.8
Net margin	-11.9%	-197.2%	-162.4%	-67.2%	-1188.7%	-22702.9%	-13633.7%	-3.7%

Basic EPS [+]	($1.09)	($16.29)	($16.95)	($14.85)	($50.18)	($75.88)	($22.39)	($0.61)
Growth	-93.3%	-3.9%	14.2%	-70.4%	-33.9%	239.0%	3595.7%	44.6%
Diluted EPS [+]	($1.09)	($16.29)	($16.95)	($14.85)	($50.18)	($75.88)	($22.39)	($0.61)
Growth	-93.3%	-3.9%	14.2%	-70.4%	-33.9%	239.0%	3595.7%	44.6%

Dividends per share	$0.42

Shares outstanding (basic) [+]	5.8	5.6	5.0	4.2	3.1	2.8	2.8	22.8
Growth	2.8%	11.7%	20.2%	36.6%	9.0%	1.8%	-87.9%	0.2%
Shares outstanding (diluted) [+]	5.8	5.6	5.0	4.2	3.1	2.8	2.8	22.8
Growth	2.8%	11.7%	20.2%	36.6%	9.0%	1.8%	-87.9%	0.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.