China Green Agriculture Files Q3 2024 10-Q
Ticker: ENFY · Form: 10-Q · Filed: Nov 14, 2024 · CIK: 857949
| Field | Detail |
|---|---|
| Company | China Green Agriculture, Inc. (ENFY) |
| Form Type | 10-Q |
| Filed Date | Nov 14, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, agriculture-chemicals
TL;DR
CGA files 10-Q for Q3 2024. Financials and operations update.
AI Summary
China Green Agriculture, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2024. The company, incorporated in Nevada, operates in the agriculture chemicals sector. Its principal executive offices are located in Xian, Shaanxi Province, China.
Why It Matters
This filing provides investors with an update on the financial performance and operational status of China Green Agriculture, Inc. for the third quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial and operational information.
Key Players & Entities
- China Green Agriculture, Inc. (company) — Registrant
- September 30, 2024 (date) — Quarterly period end date
- 20241114 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Xian, Shaanxi Province (location) — Business address city and state
FAQ
What is the filing type and period covered?
This is a Form 10-Q, a quarterly report, for the period ended September 30, 2024.
What is the company's full legal name and state of incorporation?
The company's full legal name is China Green Agriculture, Inc., and it is incorporated in Nevada.
Where are the company's principal executive offices located?
The company's business and mailing address is located at 3rd Floor, Borough A, Block A. No.181, South Taibai Road, Xian, Shaanxi Province, China.
What is the company's Standard Industrial Classification (SIC) code?
The company's SIC code is 2870, which falls under AGRICULTURE CHEMICALS.
When was the company formerly known as Discovery Technologies Inc?
The company was formerly known as Discovery Technologies Inc. with a date of name change on November 14, 2007.
Filing Stats: 4,388 words · 18 min read · ~15 pages · Grade level 16.5 · Accepted 2024-11-14 16:30:41
Key Financial Figures
- $0.001 — ate: 14,793,538 shares of common stock, $0.001 par value, as of November 14, 2024. TA
Filing Documents
- ea0220701-10q_chinagreen.htm (10-Q) — 671KB
- ea0220701ex21-1_chinagreen.htm (EX-21.1) — 4KB
- ea022070101ex31-1_chinagr.htm (EX-31.1) — 10KB
- ea022070101ex31-2_chinagr.htm (EX-31.2) — 10KB
- ea022070101ex32-1_chinagr.htm (EX-32.1) — 4KB
- ea022070101ex32-2_chinagr.htm (EX-32.2) — 4KB
- image_001.jpg (GRAPHIC) — 28KB
- 0001213900-24-098487.txt ( ) — 5349KB
- cga-20240930.xsd (EX-101.SCH) — 49KB
- cga-20240930_cal.xml (EX-101.CAL) — 56KB
- cga-20240930_def.xml (EX-101.DEF) — 244KB
- cga-20240930_lab.xml (EX-101.LAB) — 415KB
- cga-20240930_pre.xml (EX-101.PRE) — 259KB
- ea0220701-10q_chinagreen_htm.xml (XML) — 564KB
Financial Statements (unaudited)
Financial Statements (unaudited) 1 Condensed Consolidated Balance Sheets as of September 30, 2024 and June 30, 2024 1 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Three Months Ended September 30, 2024 and 2023 2 Condensed Consolidated Statements of Stockholders' Equity for the Three Months Ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2024 and 2023 4 Notes to Condensed Consolidated Financial Statements 5 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 19 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 28 Item 4.
Controls and Procedures
Controls and Procedures 29 PART II OTHER INFORMATION 30 Item 6. Exhibits 30
Signatures
Signatures 31 Exhibits/Certifications 32 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) September 30, 2024 June 30, 2024 ASSETS Current assets Cash and cash equivalents $ 51,477,572 $ 58,772,587 Digital assets 11,225 53,693 Accounts receivable, net 22,322,256 16,493,068 Inventories, net 35,368,718 37,826,456 Advances to suppliers, net 15,942,668 12,110,034 Other current assets 2,455,107 2,430,052 Total current assets 127,577,546 127,685,890 Non-current assets Plant, property and equipment, net 13,907,815 14,021,292 Intangible assets, net 13,739,062 13,313,157 Other non-current assets 16,399,629 8,226,344 Total non-current assets 44,046,506 35,560,793 Total assets $ 171,624,052 $ 163,246,683 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 1,625,523 $ 1,685,725 Customer deposits 7,320,054 4,937,207 Accrued expenses and other payables 15,653,037 14,909,843 Amount due to related parties 5,635,732 5,511,053 Taxes payable 26,707,330 26,781,175 Short term loans 5,502,964 7,466,250 Total current liabilities 62,444,640 61,291,253 Long-term loans 6,181,216 1,856,250 Total non-current liabilities 6,181,216 1,856,250 Total liabilities $ 68,625,856 $ 63,147,503 Commitments and Contingencies - - Stockholders' Equity Preferred Stock, $ .001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively - - Common stock, $ .001 par value, 115,197,165 shares authorized, 14,793,538 and 14,793,538 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively 14,794 14,794 Additional paid-in capital 244,825,844 244,825,844 Statutory reserve 26,750,361 26,728,079 Retained earnings ( 146,783,508 ) ( 144,919,001 ) Accumulated other comprehensive loss ( 21,809,295 ) ( 26,550,536 ) Total