Origin Agritech Ltd. (SEED) is a leader in the agri-tech sector. The company’s phytase corn was the first transgenic corn in crop seed biotech to obtain the Bio-Safety certification from the government. The company had a well-established vigorous pipeline including glyphosate tolerance products and pest resistance characters.
The price of SEED stock during the early trading on February 7, 2022, was last checked to be $5.5 with a 17.47% surge.
SEED: Events and Happenings
On February 7, 2022, SEED informed that the company estimates the revenue to increase by 300% to more than 150 million RMB. The company is also estimated to turn a profit for the fiscal year 2022. The revenue growth is associated with hybrid seed business growth and the retailing of nutritionally improved crops to feedstock businesses.
On January 4, 2022, the company updated about signing an agreement with BaoDao Feed Ltd. Both the companies agreed upon the manufacturing and selling of specific corn crops to the feed manufacturers. The corn variety of the company contains 160% more crude fat content and more amino acid content than normal corn.
On December 22, 2021, SEED reported about the development of nutritionally improved corn using its CRISPR platform. On December 17, 2021, the company announced that its drought-resistant GMO character had accomplished the production testing. The company had filed an application for biosafety certificate consent.
On November 24, 2021, SEED informed that its Executive management presented at the Benchmark’s Discovery One on One Conference on December 2, 2021. On November 12, 2021, SEED updated about finishing of environmental release testing by its GMO corn character. On November 8, 2021, SEED updated that the company’s Executive management presented at the Q4 Virtual Investor Summit on November 16-17, 2021.
Conclusion
SEED stock down-performed in the last six months period due to the pandemic restraining the economy. The company’s stock surged in Monday’s early trading as it announced a 300% increase in its revenue for FY2022. The company’s stock is in good shape to attract potential investments for the company.
