Origin Agritech Limited reported unaudited consolidated earnings results for the second quarter ended March 31, 2013. For the quarter, the company's revenues were RMB 14,736,000 against RMB 27,524,000 a year ago. The year-over-year increase in revenues were mainly due to corn seed toll production businesses, contract businesses where Origin produces and processes corn seeds for other seed companies. Loss from operations was RMB 38,274,000 against RMB 23,548,000 a year ago. Loss before income taxes was RMB 36,848,000 against RMB 25,045,000 a year ago. Net loss attributable to the company was RMB 37,049,000 or RMB 1.58 per basic and diluted share against RMB 27,834,000 or RMB 1.19 per basic and diluted share a year ago. Improvements in both operating results and net results were mainly due to the contribution from corn seed toll production business in Xinjiang Origin and lower operating expenses.

Origin Agritech Limited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, revenues were RMB 22,683,000 against RMB 26,931,000 for the same period a year ago, the decrease in Revenue was mainly due to a restructuring of the pesticide business last year. Loss from operations was RMB 22,226,000 against RMB 33,757,000 for the same period a year ago. Loss before income taxes was RMB 23,679,000 against RMB 33,407,000 for the same period a year ago. Net loss attributable to company was RMB 22,996,000 or RMB 0.98 diluted per share against RMB 34,493,000 or RMB 1.48 diluted per share for the same period a year ago.

Origin Agritech Limited reported unaudited consolidated earnings results for the year ended September 30, 2012. For the year, the company reported revenues of RMB 552,111 against RMB 567,434,000 a year ago. Loss from operations was RMB 3,471,000 against income from operations of RMB 12,613,000 a year ago. Loss before income taxes was RMB 923,000 against income before income tax of RMB 949,000 a year ago. Net loss was RMB 2,785,000 against RMB 12,781,000 a year ago. Net loss attributable to the company was RMB 1,434,000 or RMB 0.06 per diluted share against net loss attributable to the company of RMB 23,079,000 or RMB 1.00 per diluted share a year ago. Net cash provided by operating activities was RMB 82,713,000 compared to RMB 37,457,000 a year ago. Purchase of plant and equipment was RMB 104,214,000 compared to RMB 56,332,000 a year ago. The company expects earnings performance to improve as well in fiscal year 2013 with the growth focused businesses and rigorous cost management.