Origin Agritech (SEED) Q4 2025 earnings summary

Executive summary

• Fiscal year 2025 marked a transformative period with a full recovery in team, research, production, and sales infrastructure.

• A three-stage strategic plan was launched: recovery (2025–2026), stand up (2027–2029), and return to industry leadership (2030–2032).

• Senior leadership team fully in place; headcount increased from 68 to 97 professionals.

• Formed a three-way R&D partnership with top agricultural institutions to drive corn variety innovation.

• Launched four new corn varieties, with several receiving regulatory approvals in key provinces.

Financial highlights

• Total revenues for fiscal year 2025 were CNY 91.3 million (US$12.9 million), a 90% decrease from the previous year.

• Net loss attributable to the company was CNY 53.3 million (US$7.5 million), compared to net income of CNY 20.7 million (US$3.0 million) in FY2024.

• Cash and cash equivalents increased by 89% to CNY 15.9 million (US$2.2 million) as of September 30, 2025.

• Operating expenses increased to CNY 64.2 million (US$9.0 million) from CNY 52.7 million (US$7.5 million) year-over-year.

• Revenue decline attributed to equipment upgrades and reduced external seed production services.

Outlook and guidance

• Strategic investments in technology, infrastructure, and people are expected to drive sustainable long-term growth.

• The company is confident that recent decisions will deliver significant value to shareholders and farmers.

• Strategic plan targets recovery in 2025–2026, growth from 2027–2029, and industry leadership by 2030–2032.

• Commercialization of GMOs and gene editing accelerated through alliances and facility upgrades.