Origin Agritech Stock Price, News & Analysis

Origin Agritech Ltd. (NASDAQ: SEED) has signed agreements to sell 50,000 metric tons of its nutritionally enhanced corn to feedstock companies. This new corn reduces reliance on costly additives, potentially doubling company margins. The agreements stipulate that corn will be sold at market prices with an additional markup. Estimated revenue from these sales could reach around 150 million RMB. The company is evaluating the financial impact and may update its guidance. This product's launch has received positive industry feedback, enhancing food security in China amid supply chain disruptions.

Origin Agritech Ltd. (NASDAQ: SEED) announced the submission of biosafety applications for six new gene-edited corn traits that enhance yield. These traits improve leaf angle and drought tolerance, increasing photosynthesis efficiency and water use. Following China's streamlined approval process for gene-edited crops, which could reduce the typical timeline from eight years for GMOs to one year, Origin's new corn is among the first of its kind in the approval pipeline. The company aims to address global food security challenges with these innovations.

Origin Agritech Ltd. (NASDAQ: SEED) has announced the establishment of a new subsidiary in Hainan to enhance its nutrition-enhanced corn production capabilities. This subsidiary will focus on research, seed production and feed corn production, leveraging three corn growing seasons annually. Over 50,000 Mu of feed corn has been contracted for the 2022 growing season, with expectations for significant growth. The company's corn reduces the need for costly additives, presenting cost-saving opportunities for feedstock companies amidst rising global grain prices.

Origin Agritech Ltd. (NASDAQ: SEED) announced a projected revenue increase exceeding 300%, reaching over 150 million RMB for fiscal 2022. This growth stems from both its hybrid seed business and the introduction of nutritionally enhanced crops. Already sold out for this planting season due to heightened pre-orders, Origin plans to expand production capabilities. The company anticipates substantial revenue from a partnership with BaoDao Feed Ltd, with prospects of additional partnerships leveraging GMO and CRISPR technologies.

Origin Agritech Ltd. (NASDAQ: SEED) announced a collaborative agreement with BaoDao Feed Ltd., a Chinese feed producer with 500 million RMB in annual sales, to produce specialized corn crops. The new corn variety offers 160% higher crude fat content compared to conventional corn, leading to estimated cost savings of 200-300 RMB per metric ton. With a total corn feedstock market of 50 million metric tons in China, the companies project 10 million metric tons in sales over 3-5 years, enhancing Origin's sales and earnings outlook for 2022.

Origin Agritech Ltd. (NASDAQ: SEED) announced on Dec. 22, 2021, its development of nutritionally enhanced corn using CRISPR technology. The new corn varieties aim to achieve balanced amino acid content and are currently in trials. Successful outcomes would validate Origin's innovative CRISPR approach, which is quicker and cheaper than traditional GMO methods. The Chairman, Dr. Gengchen Han, emphasized that this new corn trait could significantly reduce costs in animal feed additives and open doors for further CRISPR applications in agriculture.

Origin Agritech Ltd. (NASDAQ: SEED) has successfully completed production trials for its drought-resistant GMO corn trait and filed for biosafety certificate approval. Collaborating with the Chinese Academy of Agricultural Sciences, the company demonstrated yield increases of 9.2-16.2% over non-GMO corn under drought conditions and enhanced water use efficiency by 33-47% under irrigated conditions. Chairman Dr. Gengchen Han expressed optimism regarding the role of drought resistance in addressing climate change in agriculture.

Origin Agritech Ltd. (NASDAQ: SEED) announced its participation in Benchmark's Discovery One on One Conference on December 2, 2021. This unique format allows individual meetings with various institutional investors, with attendance typically exceeding 150 investors. VP of Business Development, Wei Han, highlighted China's shift toward GMO positivity as an important opportunity for the company. Origin Agritech, a leading agricultural technology firm based in Beijing, specializes in crop seed biotechnologies, including glyphosate-resistant and pest-resistant traits.

Origin Agritech Ltd. (NASDAQ: SEED) announced progress on its new GMO corn trait, successfully completing environmental release trials and moving into production trials, the fourth stage in the bio-safety certification process. Developed with the Chinese Academy of Agricultural Sciences, this trait offers enhanced pest resistance compared to existing options, positioning the company competitively in the GMO corn market. VP Wei Han emphasized its importance for food security in China and its potential to reduce reliance on harmful insecticides.