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, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____________ to ____________ 3rd floor, Borough A, Block A. No. 181, South Taibai Road, Xi'an, Shaanxi province, PRC 710065 (Address of principal executive ...

XI’AN, CHINA, Nov. 15, 2024 (GLOBE NEWSWIRE) -- China Green Agriculture, Inc. (NYSE: CGA) has changed its name to Enlightify Inc., effective November 25, 2024. Its ticker symbol will change to ENFY effective November 25, 2024, and it is expected to begin trading under that symbol on November 26, 2024. The Company mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its subsidiaries in China. About China Green Agricul ...

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, 2024 ☐ 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) | --- | ...

Financial Performance - For the fiscal year ended June 30, 2024, total net sales were $95,845,788, a decrease of $28,294,567 or 22.8% from $124,140,355 in the previous year[311]. - Jinong's net sales decreased by $7,292,813, or 18.1%, to $32,954,490, while Gufeng's net sales decreased by $21,838,876, or 29.5%, to $52,189,666[310]. - Gufeng's net sales for the fiscal year ended June 30, 2024, were $52,189,666, a decrease of 29.5% from $74,028,542 in the previous year, with a sales volume of 105,597 tons, down 26.6% from 143,882 tons[313]. - The company reported a net loss of $28,405,315 for the fiscal year ended June 30, 2024, compared to a net loss of $13,281,985 in the previous year, representing an increase of 113.9%[310]. - Net loss for the fiscal year ended June 30, 2024, was $(28,405,315), an increase of 113.9% from $(13,281,985) in the previous year, with net loss as a percentage of total net sales at approximately -29.6%[323]. Sales and Revenue - Jinong sold 33,474 metric tons of fertilizer products, an increase of 1,837 metric tons or 5.8% compared to 31,637 metric tons in the previous fiscal year[311]. - Gufeng sold 105,597 metric tons of fertilizer products, a decrease of 38,285 metric tons or 26.6% from 143,882 metric tons in the previous year[302]. - The revenue per ton for Jinong was $983, a decrease of $297 or 23.2% from $1,279 in the previous fiscal year[311]. - The revenue per ton for Gufeng was $491, a decrease of $25 or 4.8% from $516 in the previous year[302]. - Yuxing generated 9.8% of total revenues for the fiscal year ended June 30, 2024, compared to 7.8% in the previous year[300]. Costs and Expenses - Total cost of goods sold for the fiscal year ended June 30, 2024, was $76,123,808, a decrease of 25.5% from $102,222,062 in the previous year, primarily due to lower net sales[314]. - Total gross profit for the fiscal year ended June 30, 2024, decreased by $2,196,313 to $19,721,980, with a gross profit margin of 20.6% compared to 17.7% in the previous year[316]. - General and administrative expenses increased by 49.9% to $40,779,553, representing 42.5% of net sales for the fiscal year ended June 30, 2024, primarily due to higher bad debts expense[320]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 17.4% to $58,772,587 as of June 30, 2024, down from $71,142,188 in the previous year[331]. - Net cash used in operating activities was $9,872,781 for the fiscal year ended June 30, 2024, an increase of 897.1% from $990,122 in the previous year[329]. - Net cash used in investing activities increased by 1191.0% to $6,102,903 for the fiscal year ended June 30, 2024, attributed to long-term equity investments[330]. - Net cash provided by financing activities decreased by 83.4% to $3,274,064 for the fiscal year ended June 30, 2024, compared to $19,771,581 in the previous year[333]. Accounts and Inventory Management - Accounts receivable increased to $16,493,068 as of June 30, 2024, up by $37,334 or 0.2% from the previous year, primarily due to Jinong's accounts receivable rising by 10.1% to $11,774,294[335]. - Allowance for doubtful accounts decreased by $31,966,790 or 58.4% to $22,741,696, with the allowance as a percentage of accounts receivable dropping from 76.9% to 58.0%[335]. - Inventories decreased by $8,628,675 or 18.6% to $37,826,456, largely due to Gufeng's inventory reduction of 48.3% to $11,225,115[339]. - Advances to suppliers fell by $2,222,681 or 15.5% to $12,110,034, reflecting fluctuations in raw material consumption and replenishment[341]. - Accounts payable decreased by $414,724 or 19.7% to $1,685,725, with Antaeus's accounts payable dropping by 72.0% to $184,429[342]. - Unearned revenue declined by $552,574 or 10.1% to $4,937,207, primarily due to Jinong's unearned revenue decreasing by 54.4% to $525,929[343]. Other Financial Metrics - The company had a total of 935 distributors covering 22 provinces in China as of June 30, 2024[304]. - Antaeus, the digital asset mining subsidiary, generated $1,285,181 in revenue, a significant increase of 511.0% from $210,342 in the previous year[310]. - Jinong's net loss decreased by 29.4% to $(2,983,399) for the fiscal year ended June 30, 2024, primarily due to lower product costs[326]. - The accumulated other comprehensive loss was $26.6 million as of June 30, 2024, due to foreign exchange fluctuations[354]. - Short-term debt increased from $5.3 million in 2023 to $7.5 million in 2024, with fixed interest rates on outstanding debt instruments[355]. - The company has not entered any hedging transactions to mitigate exposure to interest rate or foreign exchange risks[356].

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, 2024 ☐ 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) | --- | --- ...

XI'AN, CHINA, March 20, 2024 (GLOBE NEWSWIRE) -- China Green Agriculture, Inc. (NYSE:CGA) ("China Green Agriculture" or the "Company"), a company that mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its subsidiaries in China, today provides a business update regarding the pending recent acquisition of Lonestar Dream Inc., a Delaware corporation (the "Lonestar Dream"), which focuses on cryptocurrency sector, part ...

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, 2023 ☐ 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) | --- | - ...

Sales Performance - For the three months ended September 30, 2023, total net sales were $22,397,862, a decrease of $5,199,463 or 18.8% from $27,597,325 for the same period in 2022[135]. - Jinong's net sales decreased by $2,859,244 or 23.5% to $9,288,758, with sales volume dropping to approximately 8,036 metric tons, a decrease of 1,349 tons or 14.4% compared to the previous year[135]. - Gufeng's net sales were $10,421,274, a decrease of $2,157,548 or 17.2%, with sales volume at approximately 20,809 metric tons, down 3,362 tons or 13.9% from the prior year[136]. - Yuxing's net sales were $2,342,716, a decrease of $527,785 or 18.4%, attributed to reduced market demand[136]. Revenue Composition - The fertilizer business generated approximately 88.0% and 89.6% of total revenues for the three months ended September 30, 2023 and 2022, respectively[122]. - Approximately 61.9% of fertilizer revenue for the three months ended September 30, 2023, came from five provinces in China, with Hebei contributing 26.2%[128]. Product Development - As of September 30, 2023, the company had developed a total of 409 different fertilizer products, with 73 produced by Jinong and 336 by Gufeng[123]. - The company launched 3 new fertilizer products during the three months ended September 30, 2023, while eliminating 105 unqualified distributors[131]. Cost and Profitability - The total cost of goods sold for the three months ended September 30, 2023, was $17,748,008, a decrease of $4,664,508 or 20.8% from the previous year[134]. - Total gross profit for Q3 2023 decreased by $534,955, or 10.3%, to $4,649,854, compared to $5,184,809 in Q3 2022, with a gross profit margin of 20.8%[140]. - Jinong's gross profit decreased by $705,688, or 20.8%, to $2,682,144 in Q3 2023, with a gross profit margin of approximately 28.9%[140]. - Gufeng's gross profit increased by $102,008, or 7.7%, to $1,425,953 in Q3 2023, with a gross profit margin of approximately 13.7%[141]. Expenses and Losses - General and administrative expenses for Q3 2023 were $4,556,606, an increase of $1,271,491, or 38.7%, from $3,285,115 in Q3 2022[144]. - The net loss for the three months ended September 30, 2023, was $1,784,193, compared to a net loss of $528,114 for the same period in 2022, representing an increase of 237.8%[134]. - Net loss for Q3 2023 was $(1,784,193), an increase in loss of $1,256,078, or 237.8%, compared to $(528,114) in Q3 2022[146]. Cash Flow and Financial Position - Cash and cash equivalents as of September 30, 2023, were $67,285,823, a decrease of $3,856,365, or 5.4%, from $71,142,188 as of June 30, 2023[150]. - Net cash used in operating activities was $626,510 for Q3 2023, a decrease of $2,369,000, or 79.1%, from $2,995,510 in Q3 2022[153]. - Accounts receivable increased by $3,452,398, or 21.0%, to $19,908,132 as of September 30, 2023, compared to $16,455,734 as of June 30, 2023[156]. - The allowance for doubtful accounts decreased by $3,794,917, or 6.9%, to $50,913,569 as of September 30, 2023[156]. - As of September 30, 2023, total short-term loans payable decreased to $3,756,540 from $5,346,640 as of June 30, 2023, a reduction of 29.6%[158]. - Inventories decreased by $3,859,578, or 8.3%, to $42,595,553 as of September 30, 2023, primarily due to a significant reduction in Gufeng's inventory, which fell by 18.3%[159]. - Advances to suppliers increased by $352,370, or 2.5%, to $14,685,085 as of September 30, 2023, indicating a potential increase in production activity[160]. - Accounts payable decreased by $120,955, or 5.8%, to $1,979,494 as of September 30, 2023, reflecting improved cash flow management[161]. - Customer deposits (unearned revenue) increased by $179,290, or 3.3%, to $5,669,071 as of September 30, 2023, driven by seasonal fluctuations in demand[161]. Other Financial Metrics - The company reported an accumulated other comprehensive loss of $28 million as of September 30, 2023, due to foreign exchange fluctuations[174]. - Short-term debt outstanding decreased from $5.3 million to $3.8 million between June 30, 2023, and September 30, 2023, indicating a reduction in leverage[175]. - The company has not entered any hedging transactions to mitigate foreign exchange or interest rate risks, exposing it to potential volatility[174][176]. - The impact of COVID-19 has led to increased credit risk, with higher overdue accounts receivable compared to pre-pandemic levels[177]. - Inflationary pressures have adversely affected operating results, with increased costs impacting gross margins and administrative expenses[178].

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, 2023 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 ...

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].