Origin Agritech Limited reported unaudited consolidated earnings results for the year ended September 30, 2014. For the period, the company reported revenue of RMB 414,891000 compared to RMB 481,694,000 for the same period a year ago. Loss from operations was RMB 24,479,000 compared to income from operations of RMB 18,163,000 a year ago. Loss before income tax was RMB 48,523,000 compared to income before income tax of RMB 13,774,000 a year ago. Net loss was RMB 10,140,000 compared to net income of RMB 9,312,000 a year ago. Net loss attributable to the company was RMB 9,527,000 compared to income attributable to the company of RMB 7,494,000 a year ago. Basic and diluted loss per share was RMB 0.42 compared to basic and diluted income per share of RMB 0.32 a year ago. Net cash used in operating activities of RMB 85,639,000 compared to RMB 146,109,000 a year ago. Purchase of plant and equipment was RMB 10,502,000 compared to RMB 63,282,000 a year ago. The year-over-year decrease in Revenue was mainly due to the lower sales for the Company's rice seed business and a decline in the corn seed contract production businesses.

The company provided earnings guidance for the fiscal year of 2015. With new product introductions, increasing sales efforts, and operational improvements, the company expects both revenues and operating income to improve meaningfully in fiscal year 2015. More importantly, cash flow from operating activities will have a significant recovery as company managed inventory and sales efforts product by product.