Exhibit 99.1

Origin Agritech Limited (“Origin” or the “Company”), an agriculture technology and rural e-commerce company in China, is filing its unaudited financial results for the first half of FY2021 ended March 31, 2021, prepared in accordance with United States generally accepted accounting principles.

FINANCIAL RESULTS OVERVIEW

The Company reported net revenue of RMB11.6 million (US$1.8 million) during the first half year of FY2021, compared to RMB44.1 million for the first half year of FY2020.

Total operating expenses for the first half year of FY2021 were RMB12.1 million (US$1.8 million), up 15% from RMB10.5 million for the same period a year ago. Selling and marketing expenses for the first half year of FY2020 were RMB2.3 million (US$0.4 million), compared to RMB1.7 million a year ago. General and administrative expenses increased 10% to RMB4.8 million (US$ 0.7 million), up from RMB4.3 million a year ago. Research and development expenses for the first half year of FY2021 were RMB5.0 million (US$0.8 million), up 13% from RMB4.5 million a year ago.

Total operating loss for the first half year of FY2021 was RMB7.8 million (US$1.2 million), compared to total operating income of RMB2.6 million reported a year ago.

Three was no interest expense during the first half year of FY2021. Other income of RMB3.2 million (US$0.5 million) was mainly rental income that the Company received from renting a portion of its headquarters building in Beijing, PRC.

Net loss attributable to the Company for the first half year of FY2021 was RMB4.0 million (US$0.6 million), compared to the net loss of RMB0.7 million a year ago.

Loss per ordinary share for the first half of FY2021 was RMB0.72 (or US$0.11), compared to the loss per share of RMB0.14 during the same period a year ago.

Balance Sheet

As of March 31, 2021, cash and cash equivalents were RMB27.2 million (US$4.1 million), an increase of RMB4.7 million from the cash and cash equivalents of RMB22.5 million as of September 30, 2020.

There is no current portion of long-term debt as of March 31, 2021. Advances from customers were RMB75.0 million (US$11.4 million), compared to RMB40.1 million as of September 30, 2020.

As of March 31, 2021, total current assets were RMB126 million (US$19.1 million) and non-current assets was RMB144.8 million (US$22.0 million).

As of March 31, 2020, total current liabilities were RMB179 million (US$27.2 million).

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(In thousands, except share data)

	Six Months Ended March 31,
	2020			2021			2021
	RMB'000			RMB'000			USD'000
	(unaudited)			(unaudited)			(unaudited)
Revenues		44,074			11,648			1,773
Cost of revenues		(30,941	)		(7,327	)		(1,115	)
Gross profit		13,133			4,321			658
		30	%		37	%		37	%
Operating expenses:
Selling and marketing		(1,718	)		(2,324	)		(354	)
General and administrative		(4,321	)		(4,758	)		(724	)
Research and development		(4,457	)		(5,030	)		(765	)
Other income		-			-			0
Total operating expenses		(10,496	)		(12,112	)		(1,843	)
Loss from operations		2,637			(7,791	)		(1,186	)
Interest expense, net		(2,334	)		18			3
Rental income		1,852			2,209			336
Other non-operating income (expense), net		1,553			979			149
Profit (loss) before income taxes from operations		3,708			(4,585	)		(698	)
Income tax expenses		-			-			-
Current					-			-
Deferred		-			-			-
Income tax (expense) benefits		-			-			-
Net loss		3,708			(4,585	)		(698	)
Less: Net loss attributable to NCI		4,396			(579	)		(88	)
Net (loss) profit attributable to Origin Agritech Ltd.		(688	)		(4,006	)		(610	)
Other comprehensive income (loss):
Net loss		3,708			(4,585	)		(698	)
Foreign currency translation difference		429			1,095			167
Comprehensive income (loss)		4,137			(3,490	)		(531	)
Less: Comprehensive loss attributable to NCI		4,396			(579	)		(88	)
Comprehensive loss attributable to Origin		(259	)		(2,911	)		(443	)
Basic and diluted net income (loss) per share
Continuing operations		(0.14	)		(0.72	)
Discontinued operations
Basic and diluted net loss per share attributable to Origin Agritech Limited		(0.14	)		(0.72	)
Shares used in computing earnings per share:
Basic		4,801,724			5,567,680
Diluted		4,801,724			5,567,680

UNAUDITED CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

	3/31/2020			9/30/2020			3/31/2021
	RMB'000			RMB'000			RMB'000			US$'000
	(unaudited)			(audited)			(unaudited)			(unaudited)
Assets
Current assets:
Cash and cash equivalents		8,392			22,482			27,196			4,139
Restricted cash		-			147			-			-
Accounts receivable		11,661			3,111			2,508			382
Due from related parties		33,390			64,551			69,849			10,629
Advances to suppliers		3,186			2,473			12,421			1,890
Inventories		25,419			13,568			13,002			1,979
Other current assets		4,727			312			593			90
Total current assets		86,775			106,644			125,569			19,109
Land use rights, net		12,727			9,785			9,526			1,450
Plant and equipment, net		145,109			115,451			112,808			17,167
Asset held for sale		5,652			5,652			5,652			860
Long-term investment		16,347			10,353			10,353			1,575
Acquired intangible assets, net		4,535			4,648			4,255			648
Lease Asset		-			2,253			2,078			316
Other assets		2,231			97			88			13
Total assets		273,376			254,883			270,329			41,138
Liabilities, minority interests and shareholders’equity
Current liabilities:
Short-term borrowings		-			-			-			-
Current portion of long-term borrowings		78,611			0			-			-
Accounts payable		13,994			9,597			9,367			1,425
Due to growers		7,171			6,673			6,673			1,015
Due to related parties		42,522			26,481			24,448			3,720
Advances from customers		40,111			64,690			74,990			11,412
Income tax payable		657			936			936			142
Lease Liability - current		-			559			559			85
Other payables and accrued expenses		69,359			68,004			62,027			9,440
Total current liabilities		252,425			176,940			179,000			27,239
Long-term borrowing		2,000			137,660			137,660			20,949
Lease Liability - noncurrent		-			2,671			2,611			397
Other long-term liability		28,785			23,074			22,843			3,476
Total liabilities		283,210			340,345			342,114			52,061
Equity:
Additional paid-in capital		494,246			514,675			531,842			80,934
Retained earnings (deficit)		(474,531	)		(559,104	)		(563,110	)		(85,692	)
Treasury stock at cost (1,277,622 and 1,277,622 shares as of December 31, 2014 and 2015, respectively)		(19,163	)		(10,356	)		(10,356	)		(1,576	)
Accumulated other comprehensive loss		(23,885	)		(22,405	)		(21,310	)		(3,243	)
Total shareholders' equity		(23,333	)		(77,190	)		(62,934	)		(9,577	)
Noncontrolling interest		13,499			(8,272	)		(8,851	)		(1,346	)
Total equity		(9,834	)		(85,462	)		(71,785	)		(10,923	)
Total liabilities and shareholders’ equity		273,376			254,883			270,329			41,138