China Green Agriculture, Inc. Files 10-Q for Period Ended December 31, 2023

TL;DR

<b>China Green Agriculture, Inc. has filed its quarterly report (10-Q) for the period ending December 31, 2023, confirming compliance with filing requirements.</b>

AI Summary

China Green Agriculture, Inc. (ENFY) filed a Quarterly Report (10-Q) with the SEC on February 9, 2024. China Green Agriculture, Inc. filed a 10-Q report for the quarterly period ended December 31, 2023. The company is incorporated in Nevada and its fiscal year ends on June 30. Its principal executive offices are located in Xi'an, Shaanxi Province, PRC. The filing confirms the company has submitted all required reports for the preceding 12 months. China Green Agriculture, Inc. has elected to use the smaller reporting company status.

Why It Matters

For investors and stakeholders tracking China Green Agriculture, Inc., this filing contains several important signals. This filing provides investors with an update on the company's financial performance and operational status for the most recent quarter. As a smaller reporting company, the detailed financial disclosures may be less extensive than for larger filers, impacting the depth of analysis available.

Risk Assessment

Risk Level: low — China Green Agriculture, Inc. shows low risk based on this filing. The filing is a routine 10-Q, indicating no immediate significant financial distress or major operational changes are highlighted, suggesting a low-risk profile based solely on this document.

Analyst Insight

Monitor future filings for specific financial performance metrics and any disclosed operational developments.

Key Numbers

• 20231231 — Quarterly Period End Date (Conformed period of report)
• 20240209 — Filing Date (Filed as of date)
• 001-34260 — SEC File Number (Commission File Number)
• 36-3526027 — IRS Number (IRS Employer Identification No.)

Key Players & Entities

• China Green Agriculture, Inc. (company) — Registrant
• December 31, 2023 (date) — Quarterly period ended
• 20240209 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• Xi'an, Shaanxi Province, PRC (location) — Address of principal executive offices

FAQ

Risk Factors

• Compliance with Filing Requirements [low — regulatory]: The company has confirmed it filed all required reports for the preceding 12 months and has been subject to such requirements for the past 90 days.

Industry Context

China Green Agriculture, Inc. operates within the agriculture chemicals sector, focusing on the production and sale of fertilizers and agricultural products.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, including the filing of quarterly (10-Q) and annual (10-K) reports.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management's discussion and analysis.
2. Track future SEC filings for updates on revenue, profitability, and any significant business developments.
3. Assess the company's competitive positioning within the agriculture chemicals industry.

Key Dates

• 2023-12-31: Quarterly Period End — Financial reporting period covered by the 10-Q
• 2024-02-09: Filing Date — Date the 10-Q was officially submitted to the SEC

Year-Over-Year Comparison

This filing is a standard quarterly report (10-Q) and does not provide direct comparative data to a previous filing within this JSON structure.

Key Financial Figures

• $0.001 — te: 13,820,021 shares of common stock, $0.001 par value, as of February 9, 2024. TAB

Filing Documents

• f10q1223_chinagreen.htm (10-Q) — 873KB
• f10q1223ex21-1_chinagreen.htm (EX-21.1) — 4KB
• f10q1223ex31-1_chinagreen.htm (EX-31.1) — 10KB
• f10q1223ex31-2_chinagreen.htm (EX-31.2) — 9KB
• f10q1223ex31-3_chinagreen.htm (EX-31.3) — 10KB
• f10q1223ex32-1_chinagreen.htm (EX-32.1) — 4KB
• f10q1223ex32-2_chinagreen.htm (EX-32.2) — 4KB
• f10q1223ex32-3_chinagreen.htm (EX-32.3) — 4KB
• image_001.jpg (GRAPHIC) — 31KB
• 0001213900-24-012107.txt (&nbsp;) — 5483KB
• cga-20231231.xsd (EX-101.SCH) — 58KB
• cga-20231231_cal.xml (EX-101.CAL) — 38KB
• cga-20231231_def.xml (EX-101.DEF) — 245KB
• cga-20231231_lab.xml (EX-101.LAB) — 474KB
• cga-20231231_pre.xml (EX-101.PRE) — 259KB
• f10q1223_chinagreen_htm.xml (XML) — 700KB

Financial Statements (unaudited)

Financial Statements (unaudited) 1 Condensed Consolidated Balance Sheets as of December 31, 2023 and June 30, 2023 1 Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months and Six Months Ended December 31, 2023 and 2022 2 Condensed Consolidated Statements of Stockholders' Equity for the Three Months and Six Months Ended December 31, 2023 and 2022 3 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2023 and 2022 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 35 Item 4.

Controls and Procedures

Controls and Procedures 36 PART II OTHER INFORMATION 37 Item 6. Exhibits 37

Signatures

Signatures 38 Exhibits/Certifications 39 i INFORMATION RELATING TO FORWARD-LOOKING STATEMENTS In addition to historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. You can identify such forward-looking statements by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "would" and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking our expectations regarding the market for our products and services; our expectations regarding the continued growth of our industry; our beliefs regarding the competitiveness of our products; our expectations regarding the expansion of our manufacturing capacity; our expectations with respect to increased revenue growth and our ability to maintain profitability resulting from increases in our production volumes; our future business development, results of operations and financial condition; competition from other fertilizer and plant producers; the loss of any member of our management team; our ability to integrate acquired subsidiaries and operations into existing operations; market conditions affecting our equity capital; our ability to successfully implement our selective acquisition strategy; changes in general economic conditions; changes in accounting rules or the application of such rules; any failure to comply with the periodic filing and other requirements of The New York Stock Exchange, or NYSE, for continued listing, any failure to ident

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements CHINA GREEN AGRICULTURE, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) December 31, 2023 June 30, 2023 ASSETS Current Assets Cash and cash equivalents $ 70,402,736 $ 71,142,188 Digital assets 44,399 210,342 Accounts receivable, net 20,988,837 16,455,734 Inventories, net 39,554,487 46,455,131 Prepaid expenses and other current assets 2,457,395 2,603,489 Amount due from related parties - 27,560 Advances to suppliers, net 16,966,359 14,332,715 Total Current Assets 150,414,213 151,227,159 Plant, property and equipment, net 17,436,638 16,690,245 Other assets 10,025 9,784 Other non-current assets 4,268,057 5,092,721 Intangible assets, net 13,784,849 13,563,635 Deferred tax asset 114,175 97,820 Total Assets $ 186,027,957 $ 186,681,364 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable $ 1,583,655 $ 2,100,449 Customer deposits 5,407,480 5,489,781 Accrued expenses and other payables 16,787,542 14,929,427 Amount due to related parties 5,653,709 5,439,209 Taxes payable 26,859,846 27,070,961 Short term loans 7,653,040 5,346,640 Total Current Liabilities 63,945,272 60,376,467 Long-term Liabilities Long-term loans - 937,040 Total Liabilities $ 63,945,272 61,313,507 Commitments and Contingencies - - Stockholders' Equity Preferred Stock, $ .001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2023 and June 30, 2023, respectively - - Common stock, $ .001 par value, 115,197,165 shares authorized, 13,380,914 and 13,380,914 shares issued and outstanding as of December 31, 2023 and June 30, 2023, respectively 13,381 13,381 Additional paid-in capital 242,090,576 242,090,576 Statutory reserve 26,571,173 26,728,079 Retained earnings ( 123,510,975 ) ( 116,513,686 ) Accumulated other comprehensive loss ( 23,081,470 ) ( 26,950,

View Full Filing

View this 10-Q filing on SEC EDGAR