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Origin Agritech Announces Long-Term Revenue Projections Across Key Product Lines Through 2029

Origin Agritech Announces Long-Term Revenue Projections Across Key Product Lines Through 2029

奧瑞金種業宣佈通過2029年在關鍵產品線上的開多期營業收入預測
PR Newswire ·  07/23 20:00

BEIJING, July 23, 2024 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), a leading Chinese agricultural technology company, is pleased to announce its revenue projections for key product lines through the year 2029.

2024年7月23日,北京/PRNewswire/--領先的中國農業科技公司種源集團有限公司(納斯達克:seed)(以下簡稱“公司”或“種源”)很高興地宣佈其關鍵產品線到2029年的營業收入預測。

GMO Corn Application to Approval Timeline
GMO玉米申請到獲批時間表

Revenue Projections


Revenue from hybrid seeds and other

Revenue from NEC

Revenue from GMO

Total Revenue(¥'000)

Total Revenue(US$'000)

2022

¥52,580

-

-

¥52,580

$7,240

2023

¥93,307

-

-

¥93,307

$12,848

2024 (Expected)

¥95,000

¥10,000

-

¥105,000

$14,458

2025 (Expected)

¥99,750

¥50,000

¥30,000

¥179,750

$24,751

2026 (Expected)

¥104,738

¥100,000

¥90,000

¥294,738

$40,585

2027 (Expected)

¥109,974

¥150,000

¥210,000

¥469,974

$64,715

2028 (Expected)

¥115,473

¥225,000

¥330,000

¥670,473

$92,324

2029 (Expected)

¥121,247

¥337,500

¥500,000

¥958,747

$132,019

Assumptions:

  • In 5 years, China's GMO corn will account for 70% of the total corn planting area, about 400 million mu. Origin aims to have a 5% market share of about 20 million mu (GMO seed sale & IP granting).
  • Exchange rate $:¥:7.2622 (July 15)
  • GMO seeds sale begins to contribute revenue in 2025
  • GMO IP granting business begins to contribute revenue in 2027

營業收入預測


雜交種子和其他的營業收入

從NEC獲得的營業收入

GMO的營業收入

總營業收入(¥'000)

總營業收入(US$'000)

2022

¥52,580

-

-

¥52,580

$7,240

2023

¥93,307

-

-

¥93,307

$12,848

2024年(預計)

¥95,000

¥10,000

-

¥105,000

$14,458

2025年(預計)

¥99,750

¥50,000

¥30,000

¥179,750

$24,751

2026 (預計)

¥104,738

¥100,000

¥90,000

¥294,738

$40,585

2027 (預計)

¥109,974

¥150,000

¥210,000

¥469,974

$64,715

2028 (預計)

¥115,473

¥225,000

¥330,000

¥670,473

$92,324

2029(預計)

¥121,247

¥337,500

¥500,000

¥958,747

$132,019

假設:

  • 在5年內,中國的轉基因玉米將佔總種植面積的70%,約爲40000萬畝。 奧瑞金的目標是在2000萬畝(轉基因種子銷售和知識產權授予)擁有5%的市場份額。
  • 匯率$:¥:7.2622(7月15日)
  • 轉基因種子銷售將於2025年開始爲營業收入做出貢獻
  • 轉基因知識產權授予業務將於2027年開始爲營業收入做出貢獻

Dr. Gengchen Han, Chairman and CEO of Origin Agritech, commented: "We are excited about the growth prospects for Origin Agritech as we continue to innovate and expand our product offerings. These revenue projections and our clear timeline for GMO corn variety approvals reflect our commitment to delivering high-value solutions to farmers worldwide and significant value to our shareholders. By leveraging our GMO technology and gene editing expertise, we are well-positioned to address global food security challenges and promote sustainable agricultural practices."

奧瑞金種業董事長兼首席執行官韓更新表示:“我們對奧瑞金種業的增長前景感到興奮,因爲我們繼續創新並擴展我們的產品系列。這些營業收入預測和我們關於轉基因玉米品種批准的明確時間表反映了我們向全球農民提供高價值解決方案和向股東提供巨大價值的承諾。通過利用我們的轉基因技術和基因編輯技術,我們在應對全球糧食安全挑戰和促進可持續農業實踐方面處於有利地位。

About Origin Agritech Limited

關於奧瑞金種業有限公司

Origin Agritech Limited, founded in 1997 and headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is a leading Chinese agricultural technology company. In crop seed biotechnologies, Origin Agritech's phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China's Ministry of Agriculture. Over the years, Origin has established a robust biotechnology seed pipeline, including products with glyphosate tolerance and pest resistance (Bt) traits. For further information, please visit the Company's website at . The Company also maintains a Twitter account for updating investors on Company and industry developments which is .

奧瑞金種業有限公司成立於1997年,總部位於北京中關村生命科學園區,是一家領先的中國農業技術公司。在作物種子生物技術方面,奧瑞金種業的植酸酶玉米是中國農業部第一批獲得生物安全證書的轉基因玉米。多年來,奧瑞金建立了強大的生物技術種子管道,包括具有耐草甘膦和抗蟲(Bt)特性的產品。有關更多信息,請訪問公司網站。該公司還維護一個Twitter帳戶,以更新投資者有關公司和行業發展的信息。

For more information, please contact:
Origin Agritech Limited Contact:
Kate Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: [email protected]

更多信息,請聯繫:
奧瑞金種業有限公司聯繫人:
凱特·朗(中英文)
董事-投資者關係
電話:+86 186-1839-3368
電子郵件:[email protected]

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: [email protected]

投資者關係聯繫人:
Strategic Investor Relations, LLC的IRC Matthew Abenante
總裁
Strategic Investor Relations, LLC
matthew@strategic-ir.com
電子郵件:[email protected]

SOURCE Origin Agritech Limited

來源:奧瑞金種業有限公司

譯文內容由第三人軟體翻譯。


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