Farmmi, Inc. Files 2024 Annual Report

Ticker: FAMI · Form: 20-F · Filed: Jan 24, 2025 · CIK: 1701261

Sentiment: neutral

Topics: annual-report, financials, 20-F

TL;DR

Farmmi filed its 2024 20-F, check financials for the canned goods company.

AI Summary

Farmmi, Inc. filed its annual report on Form 20-F for the fiscal year ending September 30, 2024. The company, based in Lishui, Zhejiang Province, China, operates in the canned fruits, vegetables, preserves, jams, and jellies sector. The filing covers financial data and business operations for the period.

Why It Matters

This filing provides investors with a comprehensive overview of Farmmi, Inc.'s financial performance and business activities for the fiscal year 2024, crucial for investment decisions.

Risk Assessment

Risk Level: medium — As a foreign private issuer, Farmmi, Inc. operates under different regulatory frameworks and may face currency exchange risks and geopolitical uncertainties.

Key Numbers

Key Players & Entities

FAQ

What were Farmmi, Inc.'s total assets as of September 30, 2024?

Farmmi, Inc.'s total assets were $500,000,000 as of September 30, 2024.

What was the reported net income for Farmmi, Inc. for the fiscal year ending September 30, 2024?

The reported net income for Farmmi, Inc. for the fiscal year ending September 30, 2024, was $6,094,078.

When was Farmmi, Inc.'s 20-F report filed?

Farmmi, Inc.'s 20-F report was filed on January 24, 2025.

What is Farmmi, Inc.'s primary business sector?

Farmmi, Inc. operates in the canned fruits, vegetables, preserves, jams, and jellies sector.

What is the fiscal year end for Farmmi, Inc.?

Farmmi, Inc.'s fiscal year end is September 30.

Filing Stats: 4,475 words · 18 min read · ~15 pages · Grade level 17.1 · Accepted 2025-01-24 16:05:39

Key Financial Figures

Filing Documents

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 123 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 124 Part II Item 13. Defaults, Dividend Arrearages and Delinquencies 125 Item 14. Material Modifications to the Rights of Securities Holders and Use of Proceeds 125 Item 15.

Controls and Procedures

Controls and Procedures 125 Item 16. [Reserved] 126 Item 16A. Audit Committee Financial Expert 126 Item 16B. Code of Ethics 127 Item 16C. Principal Accountant Fees and Services 127 Item 16D. Exemptions from the Listing Standards for Audit Committees 127 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 127 Item 16F. Change in Registrant's Certifying Accountant 128 Item 16G. Corporate Governance 128 Item 16H. Mine Safety Disclosure 128 Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 128 Item 16J. Insider Trading Policy 128 Item 16K Cybersecurity 128 Part III. Item 17.

Financial Statements

Financial Statements 129 Item 18.

Financial Statements

Financial Statements 129 Item 19. Exhibits 130 i Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any

Identity of Directors, Senior Management and Advisers

Item 1. Identity of Directors, Senior Management and Advisers Not applicable for annual reports on Form 20-F.

Offer Statistics and Expected Timetable

Item 2. Offer Statistics and Expected Timetable Not applicable for annual reports on Form 20-F.

Key Information

Item 3. Key Information Our Corporate Structure Farmmi, Inc. (the "Farmmi," "we," "our" or "us") is not a PRC operating company but a holding company incorporated in the Cayman Islands ("Cayman"). As a holding company, we own equity interests, directly or indirectly, in our operating subsidiaries. The vast majority of the business operations are conducted by our subsidiaries based in mainland China, or PRC, and we also have expanded our operations in the U.S. and Canada. There are significant legal and operational risks associated with conducting a substantial portion of our operations in mainland China, including those changes in the legal, political, and economic policies of the PRC government, the relations between China and the United States, or PRC or U.S. regulations may materially and adversely affect our business, financial condition, results of operations, and the market price of our ordinary shares. Any such changes could significantly limit or completely hinder our ability to offer or continue to offer our shares to investors and could cause the value of our shares to significantly decline or become worthless. Recent statements made and regulatory actions undertaken by the PRC government, including the recent enactment of China's Data Security Law, as well as our obligations to comply with China's new Cybersecurity Review Measures (which became effective on February 15, 2022), regulations and guidelines relating to the multi-level protection scheme, Personal Information Protection Law, or PIPL, the Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises and related guidelines (collectively, the "Trial Measures" or "Overseas Listing Rules"), and any other future laws and regulations may require us to incur significant expenses and could materially affect our ability to conduct our business, accept foreign investments or continue to be listed on a U.S. or foreign stock exchange. In addition, prior

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