{"success":true,"data":{"pressRelease":{"id":"175422","rtpr_id":"nGNX8ZJyYX-20261021","ticker":"SEED","exchange":"NASDAQ","all_tickers":["SEED"],"title":"A Letter to Shareholders from Weibin Yan, Chief Executive Officer of Origin Agritech","author":"Globe Newswire","published_at":"2026-10-21T12:00:01.111Z","article_body":"Seed orders for the FY 2027 season up more than 100% Ytd, targeting 50%+ Yoy\nrevenue growth for FY 2027\n\nBEIJING, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Origin Agritech Limited (NASDAQ:\nSEED) (“Origin” or the “Company”), a leading Chinese agricultural\ntechnology company, today issued a letter to shareholders from Chief Executive\nOfficer Weibin Yan as the Company enters fiscal year 2027. The full text\nfollows.\n\nDear Fellow Shareholders,\n\nTwo years ago, in August 2024, I returned to Origin Agritech as Chief\nExecutive Officer with a clear objective: to strengthen our position in\nChina’s corn seed industry and build a foundation for sustainable growth..\nWe closed fiscal 2026 on September 30 with the first phase of our strategic\nplan complete. Early indicators are encouraging: customer advance payments and\nseed preorders for spring planting are up more than 100% year-over-year to\ndate. I would like to share the progress we have made, the opportunities\nahead, and how we intend to build on this momentum.\n\nBuilding the Foundation for Growth: The Restructuring Stage\n\nWhen I rejoined Origin in August 2024, we established a three-stage\ndevelopment plan. Fiscal 2025 and 2026 comprised the Restructuring Stage,\nduring which we made substantial progress. We strengthened our leadership team\nand expanded sales and marketing across China’s major corn seed regions,\nre-entering Northeast China last year and launching operations in Guizhou in\nJune this year. We launched four new corn varieties in August 2025, secured\nexclusive nationwide commercialization rights to Zhongdan 6202 one year later,\nand began introducing Bangzhongbang 889 for FY 2027.\n\nWe upgraded R&D stations in Beijing and Sanya, opened new stations in\nZhengzhou and Guizhou. We obtained gene-editing trait authorizations,\npartnered with China Agricultural University and the Beijing Academy of\nAgricultural and Forestry Sciences to advance biotechnology commercialization,\nobtained Beijing Origin’s seed production and operation license, and\nimplemented an AI-assisted information management system. We also completed a\nsale-and-leaseback of our Xinjiang seed production subsidiary, unlocking\ncapital while retaining operational access, strengthening liquidity without\nshareholder dilution.\n\nWhat to expect in FY 2027: The Strong Growth Stage Begins\n\nFiscal 2027 through fiscal 2029 marks our Strong Growth Stage. The new fiscal\n2027 season started very well with our new seed varieties have receiving\nencouraging market responses across our main business regions. Advance\npayments are up more than 100% year-over-year in this early season. Building\non this momentum, we expect our operating cash flow from the seed business to\nmore than double year over year in FY 2027.\n\nThree engines are driving that growth: our variety portfolio, led by Zhongdan\n6202 and Bangzhongbang 889, with new varieties supporting central China; our\nregional expansion, including full seasons in Northeast China and Guizhou; and\nmost importantly, our technology platform is greatly improving our R&D\nefficiency, and the planned Origin Agri-tech Agent will greatly accelerate our\nengagement with the farmers to improve farmer productivity, deepen and broaden\nour client relationships.\n\nLooking ahead, we are pursuing organic growth and evaluating M&A opportunities\nin China and Southeast Asia, supported by our international capital platform.\nFor FY 2028 and FY 2029, we target at least 50% year-over-year organic\nbusiness growth as our new varieties expand across the Huanghuai-Hai belt and\nChina’s Northeast, Northwest, and Southwest regions.\n\nA personal note\n\nI returned to Origin because I believe China’s corn seed market offers\nsignificant opportunities for companies with strong genetics, effective\ndistribution, and innovative technology. With more than 200,000 germplasm\naccessions, authorized gene-edited traits, a growing variety portfolio, and an\nexpanded sales network,strong engagement with the leading experts in the\nindustry, Origin is building the capabilities to capture these opportunities.\nOur goal is to become one of  China’s leading corn seed companies within\nfive years, and the more than 100% year-over-year increase in advance payments\nto date is an encouraging early indicator of customer demand. My own capital\nis invested alongside yours.\n\nThanks for your investment and attention, I look forward to speaking with you\non our next call.\n\nSincerely,\nWeibin Yan\nChief Executive Officer\nOrigin Agritech Limited\n\nAbout Origin Agritech Limited\n\nOrigin Agritech Limited, founded in 1997 and headquartered at the Origin R&D\nCenter in Songzhuang, Tongzhou, Beijing, is a leading Chinese agricultural\ntechnology company. In crop seed biotechnology, Origin Agritech’s phytase\ncorn was the first transgenic corn to receive a Biosafety Certificate from\nChina’s Ministry of Agriculture. Over the years, Origin has established a\nrobust biotechnology seed pipeline, including products with glyphosate\ntolerance and Bt (pest resistance) traits. For further information, please\nvisit the Company’s website at https://originagritech.com. The Company also\nmaintains an X account to update investors on Company and industry\ndevelopments, available at https://x.com/origin_agritech.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995, including statements\nregarding the Company’s expectations for advance payments and seed sales in\nfiscal 2027, the launch and market acceptance of Zhongdan 6202, Bangzhongbang\n889, and other varieties, the launch, timing, and expected benefits of the\nCompany’s Farming AI Agent, and AI-asisted information management system,\nthe Company’s three-stage strategic plan and the targets for each stage, the\nuse of capital from the sale and leaseback of the Xinjiang subsidiary and its\neffect on the Company’s results and liquidity, regulatory and commercial\nmilestones for new and biotechnology-derived varieties, potential acquisitions\nand international expansion, and the Company’s strategic goals. Words such\nas “expect,” “anticipate,” “intend,” “plan,” “believe,”\n“seek,” “will,” “would,” “target,” and similar expressions\nidentify forward-looking statements. These statements involve known and\nunknown risks and uncertainties, including the risk that advance payments do\nnot convert into seed sales at the level or timing expected, delays in or\nfailure to achieve regulatory and commercial milestones, grower adoption of\nthe Company’s varieties, seed production yields and weather conditions,\ncompetitive variety introductions, pricing pressure in the Chinese seed\nmarket, regulatory and agricultural policy developments in China, currency\nfluctuation, risks associated with international operations and licensing\napprovals, and the Company’s ability to fund and execute the plans described\nabove, which may cause actual results to differ materially from those\nexpressed or implied. Forward-looking statements are not guarantees of future\nperformance. Origin Agritech undertakes no obligation to update or revise any\nforward-looking statement, whether as a result of new information, future\nevents, or otherwise, except as required by securities and other applicable\nlaws.\n\nFor more information, please contact:\n\nOrigin Agritech Limited Contact:\n\nKate Lang (Mandarin/English)\nDirector of Investor Relations\nPhone: +86 186-1839-3368\nEmail: bing.lang@originseed.com.cn\n\nInvestor Relations Contact:\n\nMatthew Abenante, IRC\nPresident\nStrategic Investor Relations LLC\nTel: 347-947-2093\nEmail: matthew@strategic-ir.com\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX8ZJyYX-20261021","title":"A Letter to Shareholders from Weibin Yan, Chief Executive Officer of Origin Agritech","author":"Globe Newswire","ticker":"SEED","created":"2026-10-21T12:00:01.111Z","tickers":["SEED"],"exchange":"NASDAQ","article_body":"Seed orders for the FY 2027 season up more than 100% Ytd, targeting 50%+ Yoy\nrevenue growth for FY 2027\n\nBEIJING, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Origin Agritech Limited (NASDAQ:\nSEED) (“Origin” or the “Company”), a leading Chinese agricultural\ntechnology company, today issued a letter to shareholders from Chief Executive\nOfficer Weibin Yan as the Company enters fiscal year 2027. The full text\nfollows.\n\nDear Fellow Shareholders,\n\nTwo years ago, in August 2024, I returned to Origin Agritech as Chief\nExecutive Officer with a clear objective: to strengthen our position in\nChina’s corn seed industry and build a foundation for sustainable growth..\nWe closed fiscal 2026 on September 30 with the first phase of our strategic\nplan complete. Early indicators are encouraging: customer advance payments and\nseed preorders for spring planting are up more than 100% year-over-year to\ndate. I would like to share the progress we have made, the opportunities\nahead, and how we intend to build on this momentum.\n\nBuilding the Foundation for Growth: The Restructuring Stage\n\nWhen I rejoined Origin in August 2024, we established a three-stage\ndevelopment plan. Fiscal 2025 and 2026 comprised the Restructuring Stage,\nduring which we made substantial progress. We strengthened our leadership team\nand expanded sales and marketing across China’s major corn seed regions,\nre-entering Northeast China last year and launching operations in Guizhou in\nJune this year. We launched four new corn varieties in August 2025, secured\nexclusive nationwide commercialization rights to Zhongdan 6202 one year later,\nand began introducing Bangzhongbang 889 for FY 2027.\n\nWe upgraded R&D stations in Beijing and Sanya, opened new stations in\nZhengzhou and Guizhou. We obtained gene-editing trait authorizations,\npartnered with China Agricultural University and the Beijing Academy of\nAgricultural and Forestry Sciences to advance biotechnology commercialization,\nobtained Beijing Origin’s seed production and operation license, and\nimplemented an AI-assisted information management system. We also completed a\nsale-and-leaseback of our Xinjiang seed production subsidiary, unlocking\ncapital while retaining operational access, strengthening liquidity without\nshareholder dilution.\n\nWhat to expect in FY 2027: The Strong Growth Stage Begins\n\nFiscal 2027 through fiscal 2029 marks our Strong Growth Stage. The new fiscal\n2027 season started very well with our new seed varieties have receiving\nencouraging market responses across our main business regions. Advance\npayments are up more than 100% year-over-year in this early season. Building\non this momentum, we expect our operating cash flow from the seed business to\nmore than double year over year in FY 2027.\n\nThree engines are driving that growth: our variety portfolio, led by Zhongdan\n6202 and Bangzhongbang 889, with new varieties supporting central China; our\nregional expansion, including full seasons in Northeast China and Guizhou; and\nmost importantly, our technology platform is greatly improving our R&D\nefficiency, and the planned Origin Agri-tech Agent will greatly accelerate our\nengagement with the farmers to improve farmer productivity, deepen and broaden\nour client relationships.\n\nLooking ahead, we are pursuing organic growth and evaluating M&A opportunities\nin China and Southeast Asia, supported by our international capital platform.\nFor FY 2028 and FY 2029, we target at least 50% year-over-year organic\nbusiness growth as our new varieties expand across the Huanghuai-Hai belt and\nChina’s Northeast, Northwest, and Southwest regions.\n\nA personal note\n\nI returned to Origin because I believe China’s corn seed market offers\nsignificant opportunities for companies with strong genetics, effective\ndistribution, and innovative technology. With more than 200,000 germplasm\naccessions, authorized gene-edited traits, a growing variety portfolio, and an\nexpanded sales network,strong engagement with the leading experts in the\nindustry, Origin is building the capabilities to capture these opportunities.\nOur goal is to become one of  China’s leading corn seed companies within\nfive years, and the more than 100% year-over-year increase in advance payments\nto date is an encouraging early indicator of customer demand. My own capital\nis invested alongside yours.\n\nThanks for your investment and attention, I look forward to speaking with you\non our next call.\n\nSincerely,\nWeibin Yan\nChief Executive Officer\nOrigin Agritech Limited\n\nAbout Origin Agritech Limited\n\nOrigin Agritech Limited, founded in 1997 and headquartered at the Origin R&D\nCenter in Songzhuang, Tongzhou, Beijing, is a leading Chinese agricultural\ntechnology company. In crop seed biotechnology, Origin Agritech’s phytase\ncorn was the first transgenic corn to receive a Biosafety Certificate from\nChina’s Ministry of Agriculture. Over the years, Origin has established a\nrobust biotechnology seed pipeline, including products with glyphosate\ntolerance and Bt (pest resistance) traits. For further information, please\nvisit the Company’s website at https://originagritech.com. The Company also\nmaintains an X account to update investors on Company and industry\ndevelopments, available at https://x.com/origin_agritech.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995, including statements\nregarding the Company’s expectations for advance payments and seed sales in\nfiscal 2027, the launch and market acceptance of Zhongdan 6202, Bangzhongbang\n889, and other varieties, the launch, timing, and expected benefits of the\nCompany’s Farming AI Agent, and AI-asisted information management system,\nthe Company’s three-stage strategic plan and the targets for each stage, the\nuse of capital from the sale and leaseback of the Xinjiang subsidiary and its\neffect on the Company’s results and liquidity, regulatory and commercial\nmilestones for new and biotechnology-derived varieties, potential acquisitions\nand international expansion, and the Company’s strategic goals. Words such\nas “expect,” “anticipate,” “intend,” “plan,” “believe,”\n“seek,” “will,” “would,” “target,” and similar expressions\nidentify forward-looking statements. These statements involve known and\nunknown risks and uncertainties, including the risk that advance payments do\nnot convert into seed sales at the level or timing expected, delays in or\nfailure to achieve regulatory and commercial milestones, grower adoption of\nthe Company’s varieties, seed production yields and weather conditions,\ncompetitive variety introductions, pricing pressure in the Chinese seed\nmarket, regulatory and agricultural policy developments in China, currency\nfluctuation, risks associated with international operations and licensing\napprovals, and the Company’s ability to fund and execute the plans described\nabove, which may cause actual results to differ materially from those\nexpressed or implied. Forward-looking statements are not guarantees of future\nperformance. Origin Agritech undertakes no obligation to update or revise any\nforward-looking statement, whether as a result of new information, future\nevents, or otherwise, except as required by securities and other applicable\nlaws.\n\nFor more information, please contact:\n\nOrigin Agritech Limited Contact:\n\nKate Lang (Mandarin/English)\nDirector of Investor Relations\nPhone: +86 186-1839-3368\nEmail: bing.lang@originseed.com.cn\n\nInvestor Relations Contact:\n\nMatthew Abenante, IRC\nPresident\nStrategic Investor Relations LLC\nTel: 347-947-2093\nEmail: matthew@strategic-ir.com\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-21T12:00:01.176416051Z","server_sent_at_ms":1792584001176},"received_at":"2026-10-21T12:00:01.234Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}