Planet Green Holdings Corp (A:PLAG)
Business Focus: Food Processing
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 130-30 31St Ave, Suite 512 FLUSHING NY 11354 |
| Tel: | N/A |
| Website: | www.planetgreenholdings.com |
| IR: | See website |
| Key People | ||
| Bin Zhou Chairman of the Board, Chief Executive Officer | Lili Hu Chief Financial Officer, Director | |
| Business Overview |
| Planet Green Holdings Corp. is a holding company. The Company conducts its operations primarily through its directly owned subsidiaries and through its variable interest entities (VIEs). It is engaged in range of diverse business activities, including consumer products, chemical products, and online advertising and mobile game. The Company's subsidiaries include Xianning Bozhuang Tea Products Co., Ltd. (Xianning Bozhuang), Jingshan Sanhe Luckysky New Energy Technologies Co., Ltd. (Jingshan Sanhe), Jilin Chuangyuan Chemical Co., Ltd (Jilin Chuangyuan), Promising Prospect BVI Limited, Shandong Yunchu Supply Chain Co., Ltd, among others. Xianning Bozhuang produces and distributes a variety of Chinese tea leaves broadly categories including Cyan brick tea, black tea, and green tea in China. Jingshan Sanhe produces alcohol based clean fuel, liquid wax, arene and biomass fuel. Jilin Chuangyuan produces formaldehyde, urea formaldehyde adhesive, methylal and clean fuel oil. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Planet Green Holdings Corp revenues decreased 39% to $27.1M. Net loss before extraordinary items increased 26% to $20.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects General and administrative expenses increase of 28% to $9M (expense), Other income decrease of 85% to $184K (income). |
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