Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
31 Octubre 2023 - 5:40AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH
OF OCTOBER 2023
COMMISSION FILE NUMBER 000-51576
ORIGIN AGRITECH
LIMITED
(Translation of registrant's name into English)
No. 21 Sheng Ming Yuan Road, Changping District, Beijing 102206
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes ¨
No x
If "Yes" is marked, indicate below the file number assigned
to the registrant in connection with Rule 12g3-2(b): 82-¨
October 2023 Investor Presentation
Origin Agritech Limited is filing herewith an
investor presentation dated October 2023. See the attached Exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
By: |
/s/ Han
Gengchen |
|
Name: |
Han Gengchen |
|
Title: |
Chief Executive Officer |
Dated: October 31, 2023
Exhibit Index
The following exhibits are filed as part of this Form 6-K.
Exhibit 99.1
| NASDAQ: SEED
2023 Asia-Pacific Agri-Food Innovation Summit
November 2023
Origin
Agritech |
| Forward Looking Statements
and Disclaimers
This communication contains "forward-looking statements" as defined in the federal securities laws, including Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements address expected future business and financial performance and financial condition, and contain words like
"expect," "anticipate," "intend," "plan," "believe," "seek," "will," "would," "target," and similar expressions and variations. Forward-looking statements
address matters that are uncertain. Forward-looking statements are not guarantees of future performance and are based on assumptions and
expectations which may not be realized. They are based on management’s current expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates but involve a number of risks and uncertainties, many of which are beyond the
Company's control. Some of the important factors that could cause the Company's actual results to differ materially from those discussed in
forward-looking statements are: failure to develop and market new products and optimally manage product life cycles; ability to respond to market
acceptance, rules, regulations and policies affecting our products and operations; failure to appropriately manage safety and product stewardship
issues; changes in laws and regulations or political conditions; global economic and capital markets conditions, such as inflation, interest and
currency exchange rates; business or supply disruptions; natural disasters and weather events and patterns; ability to protect and enforce the
Company's intellectual property rights; and separation of underperforming or non-strategic assets or businesses. The Company undertakes no duty
or obligation to publicly revise or update any forward-looking statements as a result of future developments, or new information or otherwise,
should circumstances change, except as otherwise required by securities and other applicable laws. Although the Company believes that the
expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct,
and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their
entirety by these cautionary statements. |
| About Us
Origin Agritech
Gene editing speeding up
innovation
Using leading tech to
create corn varieties to
meet customers' needs
Future expansion from just
seeds to vertically
integrated Ag Co
Where we're going
GMO commercial seed
production in 2023
2nd & 3rd generation BT &
GT GMO corn in safety
certificate approval
process
Drought resistance GMO
corn in final stage of safety
certificate approval
Large-scale commercial
production of NEC corn in
2023
Where we are
Founded in 1997
Heritage in hybrid corn
breeding
R&D developing GMO seed
traits and transgenic
technology
Collaborated with Chinese
agricultural institutes to
leverage their resources
How it started
3 |
| The Chinese Food Security Problem
With 22% of the world's
population but only 10% of the
world's arable land, China is the
largest corn importer in the
world.
Tough Mismatch
Recent trade tensions and
COVID related supply chain
disruptions have prompted the
Chinese government to
embrace agritech solutions for
food independence.
Dependent on Imports
Global crop yields could fall
about 30% because of climate
change, even as food demand
is expected to jump 50% in the
coming decades, according to
United Nations’ estimates.
Climate Change
Corn prices have risen 100%
and fertilizer prices 230% from
pre-pandemic levels.
Inflation
4 |
| Corn yields
are 45%
lower in
China than
the USA
China has a larger
corn harvest area
than USA but
lower production
China's past GMO
limitations and
lower tech family
farms are the
reason
5 |
| Government GMO corn approval in February 2023
China's historic agricultural
modernization begins...
Foreign companies not allowed to sell GMO corn in China
4 million mu (660k acres) to be planted this year
1% of the total corn harvest area. Likely 90%+ GMO within 5 years like with Monsanto in USA.
Origin's GMO corn hybrids are in the national demo plot in
2023 and ready for commercial production
6 |
| Origin's GMO Portfolio
Phytase Corn
Origin's Phytase corn GMO is the first GMO corn trait to
receive biosafety certificate in 2009. Phytase is an enzyme
that is added to corn feedstock so that livestock can
absorb essential nutrients. The use of phytase corn should
also reduce phosphate pollution caused by animal waste
and excessive fertilizer use.
Herbicide and Insect Resistance
The first and only triple stack GMO corn hybrid entering
the national demo plot and ready for commercial
production in 2023.Several elite commercial hybrids in
the new variety approval process.
Next generation triple stack trait includes two bt genes
that not only resist lepidoptera but also resistant to
coleoptera dichotoma, a major pest in Southern China.
Filling for biosafey certificate in 2024.
Drought Resistance
Origin drought resistant gene is the only one in China. Filed
for biosafety certificate in May 2023. Expect approval this
year.
7 |
| Origin's Solution: 3 Pillars
of Agritech Innovation
Germplasm
Origin's huge
library of thriving
hybrid corn
varieties are the
solid foundation
for innovation
Huge competitive
advantage vs.
competition
Gene editing
Origin is a leading
player in using
gene editing to
create innovative
new corn varieties
Breakthrough
technology
significantly
increases breeding
efficiency
GMO traits
Origin has all of
the major GMO
traits integrated
into its hybrid corn
and awaiting
approval
8 |
| Origin's 26 years of R&D on hybrid corn provide a huge competitive advantage
Origin's Germplasm Superiority
GMO and Germplasm Go Hand in Hand
GMO traits only modify a few genetic traits; the underlying seed
variety needs to be of high quality to ensure a superior product
Validated Technology
112 hybrids approved as new varieties in last 26 years
4000 new hybrids being tested across major corn production
regions in China each year
Origin's hybrids cover all major corn production regions in China
Improving Regulatory Environment
Chinese regulators are strengthening IP protection to incentivize
innovation in the agricultural industry, making Origin's germplasm
more commercially valuable.
Increasing Need for Elite Hybrids
Climate change has made and will continue to make the growing
environment harsher, exacerbating the need for elite corn hybrids.
9 |
| Origin's Breakthrough Gene
Editing Plant Breeding
Origin conducted intensive
tests for nitrogen-efficiency
trait and field evaluated in
Origin's commercial lines
2023
Origin established gene
editing breeding system that
includes 7 traits, such as
drought-resistance, nitrogen-efficiency and plant types,
etc. With this system, Origin
can convert any commercial
lines into edited lines in 1
year
2023
Origin developed new corn
gene editing method, which
reduced backcross
procedures from 4-5 years to
1 year to convert the edited
trace to elite commercial
lines
2021
Origin established gene
editing platform
2016
Origin developed nitrogen
efficiency corn through gene
editing method
2022
10 |
| Effect of
nitrogen-efficiency inbred
B73 and control
11
Edited B73 B73
B73 EB-73 EB-73 B73 EB-73 EB-73 |
| Give the customers
what they want...
Origin's elite hybrid corn
(germplasm)
Use gene editing to turn on & off genes to create
what customer wants (i.e. high protein)
Contract grow the new NEC variety for the customer. Corn processing, drying and
fulfilment to customer (feedstock company or hog farmer)
Integrate GMO traits into new variety (herbicide and insect
resistance) to make corn even better with higher yield
12 |
| First example of vertically integrated business model...
Our Innovation is Disrupting a $75B Industry
Nutritionally enhanced corn
(NEC) eliminates the need for
expensive additives in hog feed
Doubles feedstock companies'
margins
No competition for the product
Feedstock in China is a $75
billion market
13 |
| Business Model of Supply Chain
With innovation
we control more of
the supply chain
Grow NEC corn
rather than just
sell seed
Increases our
revenue and profit
potential
Feed/Food
Processing
Industry
New Hybrid
Development
Field Grain
Production
Post
Harvest/Storage
Trade &
Transport
14 |
| *Market size in billions of dollars
Expanding to NEC Corn Production,
Dramatically Increases the Market Size
$3.5
Hybrid Corn Seed
$4.6
GMO Corn Seed
$83.5
Corn Production
$417
Feed/Food Industry
15 |
| Initial Rollout of NEC Corn Supply Chain
NEC
Corn in
Xinjiang
Growing ~5,000 acres
of NEC corn in
Xinjiang
Grown by Origin's Joint Venture, Baodao
Origin Agritech and Livestock Co. Ltd.
Constructing 100,000-
ton corn drying base
in Xinjiang
$11.1 million investment funded by JV
partner and local banks
Expands Origin's
market opportunity >
20x
$83 billion market for feedstock
In negotiations for
similar deals in other
provinces
Goal is to expand NEC production into all
major corn growing regions
16 |
| *More partnerships in the works!
Strategic Alliances
National Maize
Improvement Center
Henan Agricultural
University
China Agricultural
University
China Academy of
Agricultural Sciences
17 |
| Origin Agritech
Investment Highlights
Speeding up the pace of innovation and
staying ahead of competitors
Nascent multi-billion
market for GMO corn
1
2 Leader in gene editing
Seeds ---> vertically
integrated corn
company
3
Harvesting 5,000 acres in Xinjiang
Big growth driver
Should drive significant margin
expansion and profitability
Ticker: SEED
NEC corn to drive
growth
4
GMO revenues to kick
in
5
6 Low-cost structure
7 US traded on NASDAQ
18 |
| Matt Abenante, Strategic Investor Relations, LLC
347.947.2093
matthew@strategic-ir.com
we want to hear from you.
310.845.6238
You've heard from us.
joe@originagritech.com
Joe Ramelli, VP of Business Development
For Mandarin Speakers:
Kate Lang
+86 186.1839.3368
bing.lang@originseed.com.cn |
Origin Agritech (NASDAQ:SEED)
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