Origin Agritech: Summary of presentation Maxim Growth Conference (7.07 +0.03) -Update : At Maxim conference, co says they are one of the largest seed cos in China, and notes that FY07 was impacted by industry transition and one-time charges. Co cites improving government subsidies, noting their seeds (their seed products are for corn, cotton, rice and canola) are helping farmers increase yields, which could ultimately translate into higher selling product prices. Co notes that they have a broad footprint in China, and they are the only co in China with an internal biotech research center, opposed to any of their competitors in China. Co mentions that if ethanol production in China increases going forward, they could benefit from that. However, the Chinese government currently has four ethanol plants, and is currently keeping it at that number due to concerns of a shortage of food supply... Co discusses their outlook, saying China's hybrid seed industry is expected to be more favorable in FY08 after the industry's market transition, which should see more normalized pricing, and less competition. Co expects rational market conditions in FY08; sees canola orders up 27% in Q4. Co also notes that advances from customers are higher, cites strong liquidity profile, cites increasing production capacity, and notes that acquisitions will impact FY08 results. Co says they will give guidance at the end of the fiscal year (ends in Sept). Briefing.com note: Co reaffirmed FY07 revs guidance of $60-65 mln vs single-analyst estimate of $64 mln on Sept 18.