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 FY2022 ended March 31, 2022, prepared in accordance with United States generally accepted accounting principles.

FINANCIAL RESULTS OVERVIEW

The Company reported net revenue of RMB46.4 million (US$7.3 million) during the first half year of FY2022, compared to RMB11.6 million for the first half year of FY2021.

Total operating expenses for the first half year of FY2022 were RMB14.3 million (US$2.2 million), up 18% from RMB12.1 million for the same period a year ago. Selling and marketing expenses for the first half year of FY2022 were RMB3.5 million (US$0.6 million), compared to RMB2.3 million a year ago. General and administrative expenses increased 39% to RMB6.6 million (US$ 1.0 million), up from RMB4.8 million a year ago. Research and development expenses for the first half year of FY2022 were RMB4.1 million (US$0.6 million), down 18% from RMB5.0 million a year ago.

Total operating loss for the first half year of FY2022 was RMB1.3 million (US$0.2 million), compared to total operating loss of RMB7.8 million reported a year ago.

Three was no interest expense during the first half year of FY2022. The rental income of RMB5.5 million (US$0.9 million) represents that the Company received from renting a portion of its headquarters building in Beijing, PRC.

Net profit attributable to the Company for the first half year of FY2022 was RMB1.3 million (US$0.2 million), compared to the net loss of RMB4.0 million a year ago.

Income per ordinary share for the first half of FY2022 was RMB0.22 (or US$0.03), compared to the loss per share of RMB0.72 during the same period a year ago.

Balance Sheet

As of March 31, 2022, cash and cash equivalents were RMB6.5 million (US$1.0 million), a decrease of RMB8.9million from the cash and cash equivalents of RMB15.4 million as of September 30, 2021.

As of March 31, 2022, the current portion of long-term debt were RMB137.7 million (US$21.7 million). Advances from customers were RMB25.8 million (US$4.0 million), compared to RMB45.8 million as of September 30, 2021.

As of March 31, 2022, total current assets were RMB35.0 million (US$5.5 million) and non-current assets was RMB58.9 million (US$9.3

million).

As of March 31, 2022, total current liabilities were RMB261.8 million (US$41.2 million).

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (In thousands, except share data)

	Six Months Ended March 31,
	2021			2022			2022
	RMB'000			RMB'000			USD'000
	(unaudited)			(unaudited)			(unaudited)
Revenues		11,648			46,367			7,304
Cost of revenues		(7,327	)		(33,411	)		(5,263	)
Gross profit		4,321			12,956			2,041
		37	%		28	%		28	%
Operating expenses:
Selling and marketing		(2,324	)		(3,517	)		(554	)
General and administrative		(4,758	)		(6,630	)		(1,044	)
Research and development		(5,030	)		(4,117	)		(649	)
Other income		-			-			-
Total operating expenses		(12,112	)		(14,264	)		(2,247	)
Profit (loss) from operations		(7,791	)		(1,308	)		(206	)
Interest expense, net		18			(105	)		(17	)
Rental income		2,209			5,302			835
Other non-operating income (expense), net		979			189			30
Profit (loss) before income taxes from operations		(4,585	)		4,078			642
Income tax expenses		-			-			-
Current		-			-			-
Deferred		-			-			-
Income tax (expense) benefits		-			-			-
Net profit (loss)		(4,585	)		4,078			642
Less: Net profit (loss) attributable to NCI		(579	)		2,798			441
Net profit (loss) attributable to Origin Agritech Ltd.		(4,006	)		1,280			202
Other comprehensive income (loss):
Net loss		(4,585	)		4,078			642
Foreign currency translation difference		1,095			(2,197	)		(346	)
Comprehensive income (loss)		(3,490	)		1,881			296
Less: Comprehensive loss attributable to NCI		(579	)		2,798			441
Comprehensive loss attributable to Origin		(2,911	)		(917	)		(144	)
Basic and diluted net income (loss) per share
Continuing operations		(0.72	)		0.22
Discontinued operations
Basic and diluted net loss per share attributable to Origin Agritech Limited		(0.72	)		0.22
Shares used in computing earnings per share:
Basic		5,567,680			5,773,094
Diluted		5,567,680			5,773,094

UNAUDITED CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

	3/31/2021			9/30/2021			3/31/2022
	RMB'000			RMB'000			RMB'000			US$'000
	(unaudited)			(audited)			(unaudited)			(unaudited)
Assets
Current assets:
Cash and cash equivalents		27,196			15,351			6,506			1,025
Restricted cash		-			14			-			-
Accounts receivable		2,508			260			2,445			385
Due from related parties		69,849			29,179			14,114			2,223
Advances to suppliers		12,421			5,799			4,378			690
Inventories		13,002			4,178			2,392			377
Other current assets		593			3,362			5,119			806
Total current assets		125,569			58,143			34,954			5,506
Land use rights, net		9,526			1,854			1,713			270
Plant and equipment, net		112,808			48,684			47,404			7,467
Asset held for sale		5,652			-			-			-
Long-term investment		10,353			4,596			4,596			724
Acquired intangible assets, net		4,255			3,774			3,382			533
Lease Asset		2,078			1,904			1,784			281
Other assets		88			83			24			4
Total assets		270,329			119,038			93,857			14,785
Liabilities, minority interests and shareholders’equity
Current liabilities:
Short-term borrowings		-			-			-			-
Current portion of long-term borrowings		-			119,038			137,660			21,685
Accounts payable		9,367			9,170			8,688			1,369
Due to growers		6,673			6,673			6,673			1,015
Due to related parties		24,448			30,269			28,593			4,504
Advances from customers		74,990			45,754			25,828			4,069
Income tax payable		936			908			731			115
Lease Liability - current		559			559			559			88
Other payables and accrued expenses		62,027			55,374			53,067			8,358
Total current liabilities		179,000			286,367			261,799			41,239
Long-term borrowing		137,660			-			-			-
Lease Liability - noncurrent		2,611			2,552			2,492			393
Other long-term liability		22,843			15,717			15,717			2,476
Total liabilities		342,114			304,636			280,008			44,108
Equity:
Additional paid-in capital		531,842			539,315			539,315			84,956
Retained earnings (deficit)		(563,110	)		(650,633	)		(649,353	)		(102,289	)
Treasury stock at cost (1,277,622 and 1,277,622 shares as of December
31, 2014 and 2015, respectively)		(10,356	)		(6,133	)		(6,133	)		(966	)
Accumulated other comprehensive loss		(21,310	)		(23,221	)		(25,418	)		(4,004	)
Total shareholders' equity		(62,934	)		(140,672	)		(141,589	)		(22,303	)
Noncontrolling interest		(8,851	)		(44,926	)		(44,562	)		(7,020	)
Total equity		(71,785	)		(185,598	)		(186,151	)		(29,323	)
Total liabilities and shareholders’ equity		270,329			119,038			93,857			14,785