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BEIJING - Origin Agritech Ltd. (NASDAQ:SEED), a $8.5 million market cap agricultural technology company with annual revenues of $12.9 million, commenced full-scale seed processing operations at its Xinjiang production facility on August 21, the company announced Monday. According to InvestingPro analysis, the stock appears undervalued at current levels, though investors should note the company’s challenging financial metrics.
The facility features a fully automated production line that integrates cleaning, drying, threshing, sorting, coating, and packaging operations for corn seeds. Real-time monitoring systems oversee drying operations to maintain optimal moisture content and seed viability.
"Seeds are the semiconductor chips of agriculture, and the processing stage is absolutely critical," said Weibin Yan, Chief Executive Officer of Origin Agritech. "Through our advanced seed processing equipment and strict quality management systems, we ensure that every seed meets optimal standards."
The Xinjiang location was selected for its solar thermal resources and climatic conditions that the company says are advantageous for seed development. The facility’s seed coating technology aims to prevent diseases and pest damage while promoting uniform emergence.
With processing operations now active, Origin is focusing on logistics and distribution to deliver seeds to farmers across China. The company states this supports China’s food security objectives and agricultural modernization initiatives.
Origin Agritech, founded in 1997 and headquartered in Beijing, developed phytase corn, which it says was the first transgenic corn to receive a Bio-Safety Certificate from China’s Ministry of Agriculture.
This information is based on a company press release statement.
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