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].

[PART I - FINANCIAL INFORMATION](index=5&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) This section presents the unaudited financial statements and management's discussion and analysis for the quarter ended September 30, 2020, along with market risk disclosures and controls [Item 1. Financial Statements (unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) The unaudited Q3 2020 financial statements indicate significant financial deterioration with declining assets and equity, rising liabilities, a substantial net loss, and negative operating cash flow, raising going concern doubts [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of September 30, 2020, the balance sheet reflects a decline in total assets and stockholders' equity, alongside an increase in total liabilities Condensed Consolidated Balance Sheet Data (as of Sep 30, 2020 vs. Jun 30, 2020) | Account | Sep 30, 2020 ($) | Jun 30, 2020 ($) | | :--- | :--- | :--- | | **Total Assets** | **$330.1 million** | **$342.1 million** | | Total Current Assets | $272.3 million | $285.2 million | | **Total Liabilities** | **$84.8 million** | **$79.3 million** | | Total Current Liabilities | $84.8 million | $79.3 million | | **Total Stockholders' Equity** | **$245.3 million** | **$262.8 million** | [Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20(Loss)) For the three months ended September 30, 2020, the company reported a significantly increased net loss, driven by decreased net sales and a sharp rise in operating expenses Statement of Operations Summary (Three months ended Sep 30) | Metric | 2020 ($) | 2019 ($) | Change | | :--- | :--- | :--- | :--- | | Net Sales | $44.2 million | $50.8 million | -13.1% | | Gross Profit | $8.3 million | $13.2 million | -36.8% | | Income (Loss) from Operations | ($29.3 million) | ($6.8 million) | +330.7% (Loss) | | **Net Income (Loss)** | **($31.0 million)** | **($7.3 million)** | **+323.1% (Loss)** | | Basic Net Earnings Per Share | ($4.9) | ($1.6) | +200.6% (Loss) | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow turned negative for the quarter, resulting in a significantly lower ending cash balance compared to the prior year, primarily due to reduced financing activities Cash Flow Summary (Three months ended Sep 30) | Cash Flow Activity | 2020 ($) | 2019 ($) | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | ($1.7 million) | $3.1 million | | Net cash provided by (used in) investing activities | ($29.9 thousand) | ($18.6 thousand) | | Net cash provided by (used in) financing activities | $294.4 thousand | $10.7 million | | **Cash and cash equivalents, ending balance** | **$12.8 million** | **$83.0 million** | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes reveal substantial doubt about the company's going concern ability, significant operating losses in the Gufeng segment, high vendor concentration, and material adverse effects from the COVID-19 pandemic - The company has incurred operating losses and negative operating cash flows, which raise doubt about its ability to continue as a going concern. Management may seek to raise additional funds through equity or debt[41](index=41&type=chunk)[42](index=42&type=chunk) - The company's operations are organized into four segments: Jinong (fertilizer), Gufeng (fertilizer), Yuxing (agricultural products), and sales VIEs. For the quarter, the Gufeng segment reported a significant operating loss of **$(31.1) million**[99](index=99&type=chunk)[101](index=101&type=chunk) - The COVID-19 pandemic has materially and adversely affected the company's operations and financial results, leading to quarantines, travel restrictions, and temporary facility closures. The full financial impact cannot be reasonably estimated but has impacted FY2020 and Q1 FY2021 results[129](index=129&type=chunk)[131](index=131&type=chunk)[133](index=133&type=chunk) - For the three months ended September 30, 2020, five vendors accounted for **65.8%** of the company's raw material purchases, indicating significant vendor concentration[96](index=96&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the poor quarterly performance to the COVID-19 pandemic, resulting in declining sales, a dramatically widened net loss due to increased G&A expenses, and weakened liquidity, while acknowledging going concern risks [Results of Operations](index=41&type=section&id=Results%20of%20Operations) Net sales decreased due to lower volumes, gross profit margin contracted, and a significant increase in G&A expenses, primarily from bad debt provisions, led to a substantial net loss Quarterly Performance vs. Prior Year | Metric | Q1 FY2021 (ended Sep 30, 2020) ($) | Q1 FY2020 (ended Sep 30, 2019) ($) | Change | | :--- | :--- | :--- | :--- | | Net Sales | $44.2 million | $50.8 million | -13.1% | | Gross Profit | $8.3 million | $13.2 million | -36.8% | | G&A Expenses | $32.9 million | $16.3 million | +101.6% | | Net Loss | ($31.0 million) | ($7.3 million) | +323.1% (Loss) | - The increase in G&A expenses was mainly due to higher bad debts expense for the Gufeng segment, which increased by **$19.6 million** year-over-year due to the impact of the COVID-19 pandemic on distributors[178](index=178&type=chunk) - Fertilizer sales volume decreased by **14.6%** to **60,695 metric tons** from **71,074 metric tons** in the prior-year quarter[144](index=144&type=chunk)[145](index=145&type=chunk) [Liquidity and Capital Resources](index=45&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity has weakened with negative operating cash flow and a lower cash balance, though management believes current cash is sufficient for the next twelve months while acknowledging potential capital needs - Net cash used in operating activities was **$1.7 million** for the quarter, a decrease of **$4.7 million** from cash provided by operating activities of **$3.1 million** in the prior-year period[190](index=190&type=chunk) - As of September 30, 2020, cash and cash equivalents were **$12.8 million**[188](index=188&type=chunk) - Accounts receivable increased by **3.3%** to **$109.2 million** from June 30, 2020, while advances to suppliers decreased by **41.4%** to **$38.1 million**[194](index=194&type=chunk)[198](index=198&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=49&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces significant market risks including foreign currency fluctuations, substantial credit risk, and the ongoing adverse impacts and uncertainties posed by the COVID-19 pandemic - Substantially all revenues and expenses are denominated in RMB, creating foreign currency exchange risk. Between July 1 and September 30, 2020, the RMB increased **4.1%** against the USD[213](index=213&type=chunk)[214](index=214&type=chunk) - The company is exposed to interest rate risk on its short-term bank loans, which totaled **$4.0 million** as of September 30, 2020[215](index=215&type=chunk) - The COVID-19 outbreak has significantly increased economic and demand uncertainty and may cause a global recession, which would have a further adverse impact on the company's financial condition and operations[221](index=221&type=chunk)[222](index=222&type=chunk) [Item 4. Controls and Procedures](index=51&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of September 30, 2020, with no material changes to internal control over financial reporting during the quarter - Based on an evaluation as of September 30, 2020, the CEO and CFO concluded that the company's disclosure controls and procedures were effective[225](index=225&type=chunk) - There were no changes in internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[226](index=226&type=chunk) [PART II - OTHER INFORMATION](index=52&type=section&id=PART%20II%20OTHER%20INFORMATION) This section covers legal proceedings and lists all exhibits filed with the report [Item 1. Legal Proceedings](index=52&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material pending or threatened legal proceedings that could have a material adverse effect, apart from a previously disclosed lawsuit deemed without merit - There are no other actions, suits, or proceedings pending that could have a material adverse effect on the company[227](index=227&type=chunk) [Item 6. Exhibits](index=52&type=section&id=Item%206.%20Exhibits) This section references the Exhibit Index, detailing all documents filed as exhibits with the report, including officer certifications and XBRL data - The exhibits required for the filing are set forth in the Exhibit Index[229](index=229&type=chunk)

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) | --- | - ...

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, 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) | --- | ...

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, 2019 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, 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) Nevada 36-35 ...

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, 2018 ☐ 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) | --- | - ...