Sales Performance - For the nine months ended March 31, 2023, the company sold approximately 135,467 metric tons of fertilizer products, a decrease of 43.0% compared to 237,493 metric tons for the same period in 2022[164]. - Jinong's fertilizer sales for the nine months ended March 31, 2023, were approximately 23,684 metric tons, down 52.1% from 49,487 metric tons in the prior year[164]. - Gufeng's fertilizer sales for the nine months ended March 31, 2023, were approximately 111,783 metric tons, a decrease of 40.5% from 188,006 metric tons in the same period of 2022[164]. - Sales of fertilizer products to customers in five provinces within China accounted for approximately 83.8% of fertilizer revenue for the three months ended March 31, 2023[165]. - Jinong's top five distributors accounted for 19.4% of its fertilizer revenues for the three months ended March 31, 2023, while Gufeng's top five distributors accounted for 82.8% of its revenues[165]. Financial Performance - Total net sales for Q1 2023 were $45,261,960, a decrease of $15,876,912 or 26.0% from $61,138,872 in Q1 2022[184]. - Jinong's net sales decreased by $3,778,845 or 28.2% to $9,606,177 in Q1 2023, with sales volume dropping by 63.7% to approximately 6,899 metric tons[184]. - Gufeng's net sales were $33,457,644, a decrease of $11,747,823 or 26.0%, with sales volume down by 28.8% to approximately 64,218 metric tons[185]. - Total net sales for the nine months ended March 31, 2023 were $97,398,492, a decrease of $35,938,404 or 27.0% from $133,336,896 for the same period in 2022[200]. - Jinong's net sales decreased by $11,916,355 or 27.4% to $31,596,928 for the nine months ended March 31, 2023, primarily due to lower sales volume[200]. - Gufeng's net sales for the nine months ended March 31, 2023 were $57,886,185, a decrease of $23,680,948 or 29.0% from $81,567,133 for the same period in 2022[201]. Profitability - Gross profit for Q1 2023 decreased by $2,361,935 or 24.3% to $7,375,956, with a gross profit margin of 16.3%[188]. - Jinong's gross profit decreased by $900,757 or 24.6% to $2,754,689, with a gross profit margin of approximately 28.7%[188]. - For the three months ended March 31, 2023, Gufeng's gross profit was $4,188,982, a decrease of $1,493,602 or 26.3% from $5,682,584 for the same period in 2022[189]. - Gross profit for the nine months ended March 31, 2023 decreased by $6,011,968 or 26.0% to $17,075,182 compared to $23,087,150 for the same period in 2022[205]. - Net income for Q1 2023 was $189,605, compared to a net loss of $38,078,827 in Q1 2022[182]. - For the nine months ended March 31, 2023, the net loss decreased to $(3,935,055), a reduction of $81,203,916, or 95.4%, compared to $(85,138,971) for the same period in 2022[211]. - Jinong's net loss decreased by $9,240,024, or 80.7%, to $(2,209,588) for the nine months ended March 31, 2023, from $(11,449,612) for the same period in 2022[216]. - Gufeng's net income increased by $57,017,779, or 100.2%, to $113,257 for the nine months ended March 31, 2023, from a net loss of $(56,904,522) for the same period in 2022[216]. Expenses - General and administrative expenses for Q1 2023 were $5,234,123, a significant decrease of $34,129,009 or 86.7% from $39,363,132 in Q1 2022[182]. - Selling expenses for the nine months ended March 31, 2023 were $6,054,463, a decrease of $2,690,010 or 30.8% from $8,744,473 for the same period in 2022[207]. - Total cost of goods sold for Q1 2023 was $37,886,004, a decrease of $13,514,977 or 26.3% from $51,400,981 in Q1 2022[186]. Strategic Initiatives - The company launched 5 new fertilizer products during the three months ended March 31, 2023, through Jinong, while Gufeng did not launch any new products[168]. - The company is developing an online platform to connect its physical distribution network, indicating a strategic move towards e-commerce in the agricultural sector[177]. - The company intends to use net proceeds from securities offerings to acquire new businesses and upgrade production lines, indicating a focus on growth and expansion[218]. - The company entered into strategic acquisition agreements with various agricultural companies, with total cash payments for acquisitions amounting to RMB 37 million and principal of notes for acquisitions totaling RMB 51 million[169]. Cash Flow and Financial Position - Cash and cash equivalents increased to $71,760,603 as of March 31, 2023, an increase of $13,990,300, or 24.2%, from $57,770,303 as of June 30, 2022[217]. - Net cash used in operating activities was $(5,471,529) for the nine months ended March 31, 2023, a decrease of $40,298,073, or 88.0%, from cash provided by operating activities of $45,769,602 for the same period in 2022[222]. - Accounts receivable increased to $32,934,268 as of March 31, 2023, compared to $28,792,891 as of June 30, 2022, an increase of $4,141,377, or 14.4%[226]. - Inventories increased to $44,052,715 as of March 31, 2023, compared to $42,198,186 as of June 30, 2022, an increase of $1,854,529, or 4.4%[228]. - Advances to suppliers decreased to $8,045,641 as of March 31, 2023, from $20,711,891 as of June 30, 2022, representing a decrease of $12,666,250, or 61.2%[230]. - Customer deposits decreased to $7,111,862 as of March 31, 2023, from $7,994,669 as of June 30, 2022, a decrease of $882,807, or 11.0%[231]. Market and Economic Conditions - Inflationary pressures have increased operating costs, adversely affecting gross margins and administrative expenses[248]. - The COVID-19 pandemic has created significant economic uncertainty, impacting demand for the company's products and services[250]. - The company continues to monitor the COVID-19 situation and its potential effects on operations and financial performance[251]. - The company has not experienced significant credit risk, as most customers have strong payment records[247]. Foreign Exchange and Debt - As of March 31, 2023, the company's accumulated other comprehensive loss was $17 million due to foreign exchange fluctuations[244]. - Between July 1, 2022, and March 31, 2023, the RMB depreciated by a cumulative 2.5% against the U.S. dollar, affecting trade dynamics[244]. - The short-term debt outstanding as of March 31, 2023, was $5.7 million, compared to $4.0 million as of June 30, 2022[245]. - The company is exposed to interest rate risk primarily related to short-term bank loans, which are subject to renewal[245]. - The average remaining life of short-term loans is approximately four months, with original loan terms averaging one year[245]. - The company has not entered any hedging transactions to mitigate foreign exchange or interest rate risks[244][246].

Sales Performance - For the six months ended December 31, 2022, the company sold approximately 64,350 metric tons of fertilizer products, a decrease of 49.8% compared to 128,276 metric tons for the same period in 2021[166]. - Jinong sold approximately 16,785 metric tons of fertilizer products for the six months ended December 31, 2022, down 45% from 30,498 metric tons in the same period of 2021[166]. - Gufeng's sales for the same period were approximately 47,565 metric tons, a decrease of 51.4% from 97,778 metric tons in the prior year[166]. - For the three months ended December 31, 2022, the company sold approximately 30,794 tons of fertilizer products, compared to 74,278 metric tons for the same period in 2021, representing a decline of 58.5%[165]. Revenue and Profitability - The company's fertilizer business generated approximately 89.0% and 92.1% of total revenues for the six months ended December 31, 2022 and 2021, respectively[160]. - For the three months ended December 31, 2022, total net sales decreased by $14,819,929 or 37.7% to $24,539,207 compared to $39,359,136 for the same period in 2021[186]. - Jinong's net sales decreased by $5,123,770 or 34.2% to $9,842,749, with a sales volume drop of 51.5% to approximately 7,400 metric tons[186][187]. - Gufeng's net sales decreased by $9,723,695 or 45.1% to $11,849,719, with a sales volume drop of 60.4% to approximately 23,394 metric tons[187]. - Total gross profit for the six months ended December 31, 2022 decreased by $3,650,033 or 27.3% to $9,699,226 compared to $13,349,259 in the same period of 2021[204]. Expenses and Losses - Total operating expenses decreased by $21,779,404 or 72.7% to $8,194,056 for the three months ended December 31, 2022[186]. - General and administrative expenses for the three months ended December 31, 2022 were $6,535,402, a decrease of $20,471,197 or 75.8% from $27,006,599 in the same period of 2021[194]. - Net loss for the three months ended December 31, 2022 was $(3,596,545), a decrease in loss of $28,386,391 or 88.8% compared to $(31,982,936) for the same period in 2021[198]. - Net loss for the six months ended December 31, 2022, was $(4,124,660), a decrease of $42,935,484, or 91.2%, compared to $(47,060,144) in 2021[211]. Cash Flow and Financial Position - Net cash used in operating activities was $(2,803,848) for the six months ended December 31, 2022, an increase of $4,444,383, or 270.9%, from cash provided by operating activities of $1,640,536 in 2021[221]. - Cash and cash equivalents increased by $16,348,846, or 28.3%, to $74,119,148 as of December 31, 2022, from $57,770,303 as of June 30, 2022[217]. - Net cash provided by financing activities was $19,872,445 for the six months ended December 31, 2022, a 100% increase compared to $0 in 2021, primarily due to proceeds from common stock sales[223]. Market and Economic Conditions - The COVID-19 pandemic has created significant economic uncertainty, potentially impacting demand for the company's products and services[249]. - Inflationary pressures have increased operating costs, adversely affecting gross margins and administrative expenses[248]. - The company continues to monitor the COVID-19 situation and its potential impacts on operations and financial performance[250]. Strategic Developments - The company entered into strategic acquisition agreements with various agricultural companies, with total cash payments for acquisitions amounting to RMB 37 million and principal of notes for acquisitions totaling RMB 51 million[171]. - The company is developing an online platform to connect its physical distribution network, indicating a strategic move towards e-commerce in the agricultural sector[179].

Sales Performance - For the three months ended September 30, 2022, the company sold approximately 33,556 tons of fertilizer products, a decrease of 37.9% compared to 53,995 tons for the same period in 2021[158]. - Jinong's fertilizer sales were approximately 9,385 metric tons, down 38.4% from 15,224 metric tons in the same period last year, while Gufeng sold 24,171 metric tons, down 37.7% from 38,771 metric tons[162]. - The fertilizer business generated approximately 89.6% of total revenues for the three months ended September 30, 2022[158]. - The company's fertilizer revenue from five provinces in China accounted for approximately 60.7% of total fertilizer revenue, with Hebei contributing 27.3%[163]. - Total net sales for the three months ended September 30, 2022, were $27,597,325, a decrease of $5,241,563 or 16.0% from $32,838,888 for the same period in 2021[184]. Distributor and Market Presence - As of September 30, 2022, the company had a total of 1,318 distributors across 22 provinces, with Jinong having 974 distributors and Gufeng having 344 distributors[163]. - The company’s top five distributors accounted for 12.6% of Jinong's fertilizer revenues, while Gufeng's top five distributors accounted for 78.4% of its revenues for the three months ended September 30, 2022[163]. Financial Performance - Jinong's net sales decreased by $3,013,740 or 19.9% to $12,148,002, with a sales volume of approximately 9,385 metric tons, down 5,839 tons or 38.4% compared to 15,224 metric tons in 2021[184][185]. - Gufeng's net sales were $12,578,822, a decrease of $2,209,430 or 14.9%, with a sales volume of approximately 24,171 metric tons, down 14,600 tons or 37.7% from 38,771 metric tons in 2021[185]. - Total cost of goods sold for the three months ended September 30, 2022, was $22,412,516, a decrease of $3,926,524 or 14.9% from $26,339,040 in 2021[186]. - Total gross profit for the three months ended September 30, 2022, decreased by $1,315,039 or 20.2% to $5,184,809, with a gross profit margin of 18.8% compared to 19.8% in 2021[187]. - Selling expenses were $2,437,354, or 8.8% of net sales, a decrease of $992,089 or 28.9% from $3,429,443, or 10.4% of net sales in 2021[189]. - General and administrative expenses decreased by $13,030,735 or 79.9% to $3,285,115 from $16,315,850 in 2021[182]. Net Loss and Improvements - Net loss from continuing operations was $528,114, a significant improvement of $12,817,331 or 96.0% compared to a loss of $13,345,446 in 2021[182]. - Comprehensive loss for the three months ended September 30, 2022, was $11,448,272, a decrease of $3,172,361 or 21.7% from $14,620,634 in 2021[182]. - Net loss for the three months ended September 30, 2022, was $(528,114), a decrease in loss of $14,549,093, or 96.5%, compared to $(15,077,208) for the same period in 2021[194]. - Jinong's net income increased by $4,803,267, or 125.8%, to $984,350 for the three months ended September 30, 2022, from a net loss of $(3,818,917) for the same period in 2021[198]. - Gufeng's net loss decreased by $8,417,071, or 91.9%, to $(746,500) for the three months ended September 30, 2022, from $(9,163,571) for the same period in 2021[199]. Cash Flow and Assets - Cash and cash equivalents increased by $12,062,232, or 20.9%, to $69,832,535 as of September 30, 2022, compared to $57,770,303 as of June 30, 2022[200]. - Net cash used in operating activities was $(2,995,510) for the three months ended September 30, 2022, an increase of $4,510,466, or 297.7%, from $1,514,956 for the same period in 2021[204]. - Net cash provided by financing activities was $18,025,034 for the three months ended September 30, 2022, an increase of 100.0% compared to $0 for the same period in 2021[206]. - Accounts receivable decreased by $1,421,554, or 4.9%, to $27,371,337 as of September 30, 2022, compared to $28,792,891 as of June 30, 2022[208]. - Inventories increased by $3,147,114, or 7.5%, to $45,345,300 as of September 30, 2022, compared to $42,198,186 as of June 30, 2022[210]. - Advances to suppliers decreased by $13,548,396, or 65.4%, to $7,163,495 as of September 30, 2022, compared to $20,711,891 as of June 30, 2022[211]. Strategic Developments - The company is developing an online platform to connect its physical distribution network, indicating a strategic move towards e-commerce in the agricultural sector[176]. - The company is organized into three main business segments: Jinong (fertilizer production), Gufeng (fertilizer production), and Yuxing (agricultural products production) as of September 30, 2022[221]. Foreign Exchange and Economic Factors - The company reported an accumulated other comprehensive loss of $24 million as of September 30, 2022, due to foreign exchange risk from RMB depreciation[225]. - Between July 1, 2022, and September 30, 2022, the RMB decreased by a cumulative 6.0% against the U.S. dollar, affecting trade dynamics[225]. - The short-term debt outstanding was $3.8 million as of September 30, 2022, compared to $4.0 million as of June 30, 2022[226]. - The company has not entered any hedging transactions to mitigate exposure to foreign exchange or interest rate risks[227]. - Inflationary pressures have increased operating costs, adversely affecting gross margins and administrative expenses[230]. - The COVID-19 pandemic has created significant economic uncertainty, potentially impacting demand for the company's products and services[231]. - The company continues to monitor the COVID-19 situation and its potential effects on operations and financial performance[232].

Sales Performance - For the six months ended December 31, 2021, the company sold approximately 128,276 metric tons of fertilizer products, a decrease of 13.8% compared to 148,788 metric tons for the same period in 2020[160]. - Jinong sold approximately 30,498 metric tons of fertilizer products for the six months ended December 31, 2021, representing a decrease of 17.8% from 37,099 metric tons in the same period of 2020[160]. - Gufeng sold approximately 97,778 metric tons of fertilizer products for the six months ended December 31, 2021, a decrease of 12.5% from 111,689 metric tons in the same period of 2020[160]. - Total net sales for the three months ended December 31, 2021 were $42,826,589, a decrease of $912,382 or 2.1% from $43,738,971 for the same period in 2020[180]. - Jinong's net sales increased by $64,644, or 0.4%, to $14,966,519, primarily due to higher sales prices, with revenue per ton rising to $997, an increase of $307 or 44.6% compared to the previous year[180]. - Gufeng's net sales decreased by $862,980 or 3.8% to $21,573,414, attributed to a lower sales volume of approximately 59,007 metric tons, down 11.8% from 66,865 metric tons in the prior year[181]. - Yuxing's net sales increased by $137,008 or 5.1% to $2,819,203, driven by increased market demand[181]. - Total net sales for the six months ended December 31, 2021 were $77,266,037, a decrease of 4.6% from $81,004,048 for the same period in 2020[199]. - Jinong's net sales decreased by 2.4% to $30,128,261 for the six months ended December 31, 2021, with revenue per ton increasing by 19.2% to $989[199]. - Gufeng's net sales for the six months ended December 31, 2021 were $36,361,666, a decrease of 5.0% from $38,264,597 in the previous year[200]. Revenue Generation - The fertilizer business conducted by Jinong and Gufeng generated approximately 85.3% and 85.4% of total revenues for the six months ended December 31, 2021 and 2020, respectively[154]. - Sales of fertilizer products to customers in five provinces within China accounted for approximately 69.3% of fertilizer revenue for the three months ended December 31, 2021[161]. - The company’s agricultural products revenue for the three months ended December 31, 2021, was primarily generated from Shaanxi (83.5%), Shanghai (6.3%), and Beijing (3.7%) provinces[163]. Product Development - The company launched 3 new fertilizer products during the three months ended December 31, 2021, while Gufeng did not launch any new products during the same period[163]. Financial Performance - Total gross profit for the six months ended December 31, 2021 decreased by 3.6% to $14,067,795, with a gross profit margin of 18.2%[203]. - Jinong's gross profit increased by 2.8% to $8,045,334 for the six months ended December 31, 2021, maintaining a gross profit margin of approximately 26.7%[203]. - Gross profit for the three months ended December 31, 2021 decreased by $276,314 or 3.7% to $7,276,085, with a gross profit margin of 17.0% compared to 17.3% in the previous year[186]. - For the three months ended December 31, 2021, Gufeng's gross profit was $2,428,526, a decrease of 6.2% from $2,589,971 for the same period in 2020[187]. - Yuxing's gross profit for the three months ended December 31, 2021 was $444,982, down 17.8% from $541,339 in the previous year, with a gross profit margin decrease from 20.2% to 15.8%[187]. Expenses and Losses - Operating expenses decreased by $10,491,338 or 22.8% to $35,603,272, primarily due to a significant reduction in general and administrative expenses[186]. - Net loss from continuing operations was $(28,417,291), an improvement of $11,656,081 or 29.1% compared to the net loss of $(40,073,372) in the prior year[180]. - Comprehensive loss for the three months ended December 31, 2021 was $(28,720,323), a slight increase of $611,351 or 2.2% compared to $(28,108,972) in the same period of 2020[186]. - Net loss for the three months ended December 31, 2021 was $(31,982,936), a decrease in loss of 20.1% compared to $(40,036,664) for the same period in 2020[195]. - Net loss for the six months ended December 31, 2021, was $(47,060,144), a decrease of 33.7% from $(70,989,577) in the same period of 2020[209]. Cash Flow and Assets - Cash and cash equivalents increased by 27.0% to $23,607,170 as of December 31, 2021, from $18,593,944 as of June 30, 2021[215]. - Net cash provided by operating activities was $1,640,536 for the six months ended December 31, 2021, an increase of 126.3% from cash used in operating activities of $(6,237,210) in the same period of 2020[218]. - Accounts receivable decreased by 27.2% to $74,786,136 as of December 31, 2021, from $102,783,004 as of June 30, 2021[224]. - Inventories decreased by 39.7% to $38,766,953 as of December 31, 2021, from $64,315,903 as of June 30, 2021[226]. - As of December 31, 2021, customer deposits increased to $6,434,068 from $6,257,215 as of June 30, 2021, representing a growth of $176,853 or 2.8%[229]. Financial Structure and Risks - The company has no off-balance sheet arrangements, indicating a straightforward financial structure[230]. - The company’s short-term debt remained stable at $4.2 million as of both December 31, 2021, and June 30, 2021[241]. - The accumulated other comprehensive loss was $1 million as of December 31, 2021, reflecting foreign exchange risks associated with RMB fluctuations[240]. - The company has not experienced significant credit risk, as most customers are long-term with strong payment records[244]. - The company is exposed to foreign exchange risk due to revenues and expenses being primarily denominated in RMB while reporting in U.S. dollars[239]. - The company has not entered any hedging transactions to mitigate interest rate or foreign exchange risks[243]. Strategic Initiatives - The company entered into strategic acquisition agreements with various targets, with a total cash payment for acquisition amounting to RMB 37 million and principal of notes for acquisition totaling RMB 51 million[166]. - Deferred assets, which represent amounts advanced to distributors for marketing and store development, were fully amortized as of December 31, 2021[235]. Market Conditions - The ongoing COVID-19 pandemic has introduced significant economic uncertainty, potentially impacting demand, supply chains, and overall financial performance[246].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____________ to ____________ Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exch ...

Sales Performance - For the six months ended December 31, 2020, the company sold approximately 148,788 metric tons of fertilizer products, a decrease of 6.2% compared to 158,643 metric tons for the same period in 2019[147]. - For the three months ended December 31, 2020, Jinong sold approximately 21,228 metric tons of fertilizer products, a decrease of 3.9% from 22,086 metric tons in the same period of 2019[143]. - Gufeng sold approximately 66,865 metric tons of fertilizer products for the three months ended December 31, 2020, an increase of 2.1% from 65,483 metric tons in the same period of 2019[143]. - For the six months ended December 31, 2020, total net sales decreased by $7,887,006, or 7.9%, to $92,499,574 from $100,386,580 for the same period in 2019[183]. Revenue Generation - Jinong and Gufeng generated approximately 73.2% and 71.9% of total revenues for the six months ended December 31, 2020 and 2019, respectively[140]. - The company's fertilizer revenue from five provinces in China accounted for approximately 67.0% of total fertilizer revenue for the three months ended December 31, 2020[148]. - Jinong's net sales increased by $380,390, or 2.6%, to $14,901,875 for the three months ended December 31, 2020, primarily due to higher sales prices[166]. - Gufeng's net sales were $22,436,394, an increase of $169,845 or 0.8%, attributed to higher sales volume[167]. - Yuxing's net sales increased by $220,685 or 9.0%, reaching $2,682,195, driven by increased market demand[167]. - VIEs' net sales decreased by $1,994,587 or 19.3%, totaling $8,320,878, mainly due to reduced market demand[168]. Profitability and Expenses - Gross profit for the three months ended December 31, 2020 decreased by $396,366 or 4.5%, to $8,424,119, with a gross profit margin of 17.4%[171]. - Jinong's gross profit decreased by $413,135 or 9.4%, to $3,980,458, with a gross profit margin of approximately 26.7%[171]. - Operating expenses increased by $10,268,179 or 28.0%, totaling $46,886,682 for the three months ended December 31, 2020[171]. - Net income loss for the three months ended December 31, 2020 was $(40,036,663), an increase in loss of $12,955,783 or 47.8% compared to the same period in 2019[171]. - Gross profit for the six months ended December 31, 2020 decreased by $5,243,944, or 23.9%, to $16,735,788 compared to $21,979,732 for the same period in 2019[187]. - Jinong's net sales decreased by $4,145,114, or 12.3%, to $29,431,187 for the six months ended December 31, 2020 from $33,576,301 for the same period in 2019[183]. - Gufeng's gross profit increased by $60,566, or 1.4%, to $4,440,357 for the six months ended December 31, 2020 from $4,379,791 for the same period in 2019[188]. Distribution Network - Jinong's top five distributors accounted for only 3.8% of its fertilizer revenues for the three months ended December 31, 2020, indicating a diversified distribution network[148]. - Gufeng's top five distributors accounted for 78.7% of its revenues for the three months ended December 31, 2020, highlighting a concentration in its distribution[148]. - The company has a total of 1,922 distributors covering 22 provinces, 4 autonomous regions, and 4 central municipalities in China as of December 31, 2020[148]. Cash Flow and Financial Position - Cash and cash equivalents decreased by $2,108,391, or 17.7%, to $9,826,386 as of December 31, 2020, from $11,934,778 as of June 30, 2020[199]. - Net cash used in operating activities was $6,237,210 for the six months ended December 31, 2020, an increase of $4,162,879, or 200.7%, from $2,074,331 in the same period of 2019[202]. - Accounts receivable decreased by $3,280,351, or 3.1%, to $102,412,975 as of December 31, 2020, compared to $105,693,326 as of June 30, 2020[207]. - Inventories decreased by $8,090,566, or 8.2%, to $90,830,515 as of December 31, 2020, from $98,921,081 as of June 30, 2020[209]. - Advances to suppliers decreased by $30,672,195, or 47.1%, to $34,409,623 as of December 31, 2020, compared to $65,081,818 as of June 30, 2020[210]. Losses and Financial Challenges - Net loss for the three months ended December 31, 2020 was $40,036,663, an increase in loss of $12,955,783, or 47.8%, compared to a net loss of $27,080,880 for the same period in 2019[180]. - VIEs' net sales decreased by $3,521,185, or 15.2%, to $19,698,107 for the six months ended December 31, 2020 from $23,219,292 for the same period in 2019[184]. - Jinong's gross profit margin decreased to approximately 26.6% for the six months ended December 31, 2020 from 38.6% for the same period in 2019[187]. - Gufeng's net loss increased by $27,814,747, or 83.8%, to $61,009,636 for the six months ended December 31, 2020, primarily due to higher general and administrative expenses[198]. - Net loss for the six months ended December 31, 2020, was $70,989,577, an increase of $36,592,897, or 106.4%, compared to a net loss of $34,396,679 in the same period of 2019[194]. Market Conditions and Risks - The COVID-19 pandemic has introduced significant economic uncertainty, potentially affecting demand for the company's products and services[231]. - Management has not entered any hedging transactions to mitigate exposure to foreign exchange or interest rate risks[224][228]. - The company has not experienced significant credit risk, as most customers are long-term clients with strong payment records[229]. - The accumulated other comprehensive loss was $9 million as of December 31, 2020, reflecting foreign exchange risks due to RMB fluctuations[224]. - Between July 1, 2020, and December 31, 2020, the RMB appreciated by a cumulative 8.2% against the U.S. dollar, impacting trade dynamics[224].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____________ to ____________ Commission File Number 001-34260 CHINA GREEN AGRICULTURE, INC. (Exact name of registrant as specified in its charter) | --- | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2020 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _____________ Commission file number: 001-34260 CHINA GREEN AGRICULTURE, INC. (Exact name of registrant as specified in its charter) Nevada 36-3526027 (State or other juri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____________ to ____________ Commission File Number 001-34260 CHINA GREEN AGRICULTURE, INC. (Exact name of registrant as specified in its charter) | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended December 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____________ to ____________ Commission File Number 001-34260 CHINA GREEN AGRICULTURE, INC. (Exact name of registrant as specified in its charter) | --- | - ...