Planet Green (US:PLAG) Jin Rong Jie·2025-05-14 16:16Core Insights - American Green Planet (PLAG) experienced a significant stock price increase of 34.15%, reaching $2.75 per share, with a total market capitalization of $20.02 million as of May 15 [1] - The company's total revenue for the year ending December 31, 2024, was reported at $6.73 million, reflecting a year-over-year decrease of 61.89%, while the net profit attributable to shareholders was -$7.33 million, showing a year-over-year increase of 64.84% [1] - The company is set to release its Q1 2025 financial report on May 21, with the actual disclosure date subject to company announcement [1] Company Overview - American Green Planet Group was established on February 4, 1986, originally named "American Rawlin Company," and is headquartered in Gaithersburg, Maryland, US [2] - The company operates as a modern technology enterprise group involved in artificial intelligence, bio-extraction, and the research, production, and sales of tea products [2] - The company’s subsidiary, Baizhuang Tea Co., has a historical legacy dating back to 1590 in Hubei, China, and has been a significant player in the tea trade along the "Silk Road" [2] Strategic Developments - On June 5, 2020, American Green Planet announced a share exchange agreement with Fast Approach Inc, a Canadian software company, to acquire all outstanding shares of the target company [2] - Fast Approach Inc specializes in providing a unique advertising platform aimed at helping North American brands penetrate the Chinese market, which has a population of 1.3 billion [2] - The acquisition is expected to accelerate the development of the company's business in China, leveraging a SAAS-based programmatic advertising platform that utilizes advanced AI algorithms for audience and media ad placement predictions [2]