Origin Agritech (SEED $2.23 -0.63) reported earnings per ADS of $0.09
versus the $0.76 dual estimate.
Revenues declined 47% year/year (constant currency) to $37.4 million versus the
$75.9 million Cap IQ consensus.
Deferred revenue was RMB287.2 million ($44.4 million) at June 30, 2011 as
compared to RMB42.1 million ($6.2 million) at the same period-end date as of
last year. The company expects fiscal year 2011 revenue guidance to be
RMB530-550 million versus RMB596.8 million Cap IQ consensus, and below prior
guidance of RMB 600-650 million.






