China Green Agriculture Inc (CGA.N) Key Developments | Reuters.com
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China Green Agriculture Inc (CGA.N)

CGA.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

China Green Agriculture posts Q3 EPS of $0.22
Friday, 13 May 2016 07:31am EDT 

China Green Agriculture Inc : China Green Agriculture, Inc. reports the third quarter fiscal year 2016 financial results with revenue meeting the guidance, net income beating the guidance . Q3 sales fell 1.1 percent to $78.64 million . Sees FY 2016 earnings per share $0.62 to $0.73 . Sees Q4 2016 earnings per share $0.08 to $0.19 . Q3 earnings per share $0.22 . Sees Q4 2016 sales $74 million to $80 million .Sees FY 2016 sales $264 million to $270 million.  Full Article

China Green Agriculture appoints Zhuoyu Li as new president
Wednesday, 11 May 2016 12:06pm EDT 

: China Green Agriculture appoints Zhuoyu Li as new president . Zhuoyu Li succeeds Tao Li .Tao Li will continue to serve as company's CEO and chairman.  Full Article

China Green Agriculture Inc gives Q1, FY 2016 guidance
Monday, 14 Sep 2015 06:55am EDT 

China Green Agriculture Inc:Sees Q1 2016 Revenue of $50 million to $52.5 million.Sees Q1 2016 net income of $4.3 million to $5.1 million.Sees Q1 2016 EPS of $0.13 to $0.15.Sees FY 2016 Revenue of $257.6 million to $269.4 million.Sees FY 2016 net income of $21.1 million to $24.1 million.Sees FY 2016 EPS of $0.62 to $0.71.  Full Article

China Green Agriculture Inc sees Q4, FY 2015 guidance
Monday, 11 May 2015 06:30am EDT 

China Green Agriculture Inc:Sees Q4 2015 net sales of $70 to $84 million.Sees Q4 2015 net income of $6 to $8 million.Sees Q4 2015 EPS of $0.17 to $0.22.Sees FY 2015 net sales of $255 million to $269 million.Sees FY 2015 net income of $29 million to $31 million.Sees FY 2015 EPS of $0.81 to $0.87.  Full Article

China Green Agriculture Inc gives Q3 2015 outlook; raises FY 2015 revenue outlook; lowers FY 2015 EPS outlook; lowers high end of prior FY 2015 net income outlook
Monday, 9 Feb 2015 08:10am EST 

China Green Agriculture Inc:Expects Q3 2015 net sales of $75 to $80 mln.Expects Q3 2015 net income of $8 to $10 mln.Expects Q3 2015 EPS of $0.23 to $0.28 based on 35.2 mln fully diluted shares.Expects FY 2015 net sales of $255 to $269 mln.Expects FY 2015 net income of $26 to $35 mln.Expects FY 2015 EPS of $0.74 to $0.99 based on 35.2 mln fully diluted shares.  Full Article

China Green Agriculture Inc gives Q2 2015 outlook; reaffirms FY 2015 revenue and net income outlook; lowers FY 2015 EPS outlook
Monday, 10 Nov 2014 07:39am EST 

China Green Agriculture Inc:Expects Q2 2015 sales of between $49 mln and $53 mln.Expects Q2 2015 net income of between $3 mln and $6 mln.Expects Q2 2015 EPS of between $0.07 and $0.17.Confirmed FY 2015 net sales of between $255 mln and $269 mln.Confirmed FY 2015 net income of between $26 mln and $35 mln.Updated FY 2015 EPS of between $1.0 and $0.74.  Full Article

China Green Agriculture enters into cooperation agreement of sales with Sino-agri Group
Monday, 27 Oct 2014 09:00am EDT 

China Green Agriculture Inc:Says its wholly-owned subsidiaries organized under the laws of the PRC, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. entered into a strategic cooperation agreement with China National Agricultural Means of Production Group Corp to promote the sales of the Jinong's fertilizer products.Goal of this strategic cooperation agreement is to require both parties to achieve sales goals in the next three years: Sino-agri Group sells 10,000 metric tons high-concentrated fertilizer produced by Jinong in the calendar year of 2015; 20,000 metric tons in 2016 and 50,000 metric tons in 2017.  Full Article

China Green Agriculture Inc provides a shareholder letter from chairman of the board
Friday, 17 Oct 2014 12:49pm EDT 

China Green Agriculture Inc:Says certain short sellers published an article on Oct. 1, that falsely alleged the company of misrepresenting results of operations and sales.Says article was a malicious attack to company's operations and business model with largely distorted and inaccurate information.Says Law enforcement in China had already taken the case and is currently prosecuting against this espionage crime.Says has hired independent, outside experts to ensure our operations are in full compliance with laws and regulations.Says shorts said they did 344 days of time-lapse surveillance of the company's fertilizer factory, which showed only shipped around 10 pct of the sales volume reported.Also said they did 51 days of time-lapse surveillance of Gufeng factory and found 24 pct to 34 pct less volume shipped compared to sales volume reported, which was untrue.Shorts erroneously claimed that the PP&E reclassifications constitute a capex fraud that is serious enough to halt and delist the company, again, facts show that these laughable statements are deceitful.  Full Article

China Green Agriculture Inc signs Tripartite cooperation memorandum with business strategy partners
Monday, 13 Oct 2014 12:55pm EDT 

China Green Agriculture Inc:Says one of the company's wholly-owned subsidiaries organized under the laws of the PRC, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (Jinong), entered into tripartite cooperation memorandum.Tripartite cooperation memorandum with its business strategy partners, Tea & Food Marketing Co., Ltd (Tea-Food), a COFCO subsidiary, and Xi'an Gem Grain Co., Ltd (Gem Grain).To jointly develop the company's new business model in growing the sales of fertilizers as well as green agriculture products.The objectives of this tripartite cooperation memorandum are establish a tripartite strategic partnership to jointly develop new distribution models of green agriculture products from proprietary farming.Also to focus on the development of online, offline, online-to-offline (O2O) distribution channels and develop pilot marketing program jointly for the foregoing distribution channels.As part of the tripartite cooperation, company will deliver quality agricultural products and materials for Gem Grain's proprietary farm.With that, Gem Grain will wholesale quality green foods to COFCO.Company and Gem Grain will further assist COFCO in the marketing and sales of green foods via Tea-Food's distribution channels as well as the Company and Gem Grain's distribution channels.  Full Article

China Green Agriculture Inc announces private placement
Thursday, 2 Oct 2014 09:25am EDT 

China Green Agriculture Inc:Announced a private placement in the company's common stock.Approved a private placement investment in the company's common stocks from Tao Li, chairman and CEO of the Company on Oct. 1.In the transaction, the company offers, sells and issues 496,445 shares of its common stock, par value $0.001 per share, in a private placement to Tao Li, at a purchase price of $2.25 per share, the closing price of the Common Stock on Oct. 1, for an aggregate purchase price of $1,117,000.  Full Article

BRIEF-China Green Agriculture posts Q3 EPS of $0.22

* China Green Agriculture, Inc. reports the third quarter fiscal year 2016 financial results with revenue meeting the guidance, net income beating the guidance