Origin Agritech Hosts Industry Summit in Zhengzhou, Strengthens Distribution Network with Over 700 Partners
Rhea-AI Summary
Origin Agritech (NASDAQ: SEED) successfully hosted its Achievements Exhibition and Seed Industry Innovation Summit in Zhengzhou, attracting over 700 distributor partners and 30 industry experts. The event showcased four new corn varieties: Jingke 317, Jinqiao 8, Xundan 203, and Aoyu 728, all of which have received various regulatory approvals across multiple Chinese provinces.
The summit featured the launch of the "Golden Harvest Club" strategic alliance and presented the company's eight-year strategic development plan. Notable agricultural experts, including Professor Dai Jingrui and Chief Corn Scientist Wang Haiyang, attended the event and provided endorsements for Origin's products, particularly the Jingke 317 variety.
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News Market Reaction
On the day this news was published, SEED gained 1.53%, reflecting a mild positive market reaction. This price movement added approximately $123K to the company's valuation, bringing the market cap to $8M at that time.
Data tracked by StockTitan Argus on the day of publication.
The two-day event served as a comprehensive platform for showcasing Origin's latest product portfolio, including four new corn varieties: Jingke 317, Jinqiao 8, Xundan 203, and Aoyu 728. Field demonstrations provided distributors with direct exposure to the agronomic performance of these varieties, which have progressed through multi-year testing protocols and regulatory approvals across multiple provinces.
Strong Distributor Engagement and Market Response
The summit demonstrated significant market interest in Origin's new product offerings, with distributors actively participating in the new product launch and ordering process. The Company's ability to convene over 700 distribution partners underscores the strength of its established channel network and the commercial appeal of its product pipeline.
"This summit represents a strategic milestone in our distribution network expansion," said Weibin Yan, Chief Executive Officer of Origin Agritech. "The strong attendance from our channel partners and their engagement in the ordering process validates our product development strategy and market positioning."
Product Portfolio and Regulatory Progress
The featured varieties showcase Origin's continued R&D capabilities:
- Jinqiao 8: Approved for introduction in five provinces (certificate no.:
Anhui : Wan Shen Yu 20211001;Jiangsu : Su Yin Zhong 2022-059,Shandong : Lu Yin Zhong 2022078,Henan : Yu Yin Zhong 2022 Yu 096;Hubei : E Yin Zhong 2023131) - Jingke 317: Approved in National Trial (certificate no. Guo Shen Yu 20243348)
- Aoyu 728: Approved in National Trial (certificate no. Guo Shen Yu 20226136)
- Xundan 203: Approved in
Henan Province (certificate no. Yu Shen Yu 20242023)
Under the leadership of Vice President and R&D Director Dezhi Deng, Origin's breeding programs continue to focus on developing varieties with enhanced stress tolerance, yield optimization, and commercial viability suited to
Strategic Initiatives and Market Expansion
During the summit, CEO Weibin Yan outlined Origin's eight-year strategic development plan, emphasizing the Company's commitment to building a leading position in
The summit featured expert presentations from leading agricultural researchers, including Professor Dai Jingrui from China Agricultural University, Chief Corn Scientist Wang Haiyang from Yazhou Bay National Laboratory, and Researcher Zhao Jiuran from Beijing Academy of Agricultural and Forestry Sciences, who endorsed the Jingke 317 variety he developed.
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in Origin R&D Center, Songzhuang, Tongzhou in
Forward-Looking Statements
This communication contains "forward-looking statements" as defined in the federal securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the
For more information, please contact:
Origin Agritech Limited Contact:
Kate Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: bing.lang@originseed.com.cn
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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SOURCE Origin Agritech Limited