A Nevada holding company with operations in China, Hong Kong, Canada, and VIEs, involved in consumer products, chemicals, advertising, and other industries.

# Company Overview Summary

## Business Activities
- **Type of Company:** Nevada holding company (not an operating company), with operations conducted through subsidiaries in China, Hong Kong, Canada, and variable interest entities (VIEs).
- **Core Business Areas:**
  - **Consumer Products:** Import and distribution of animal proteins (mainly beef) in China; produce and distribute Chinese tea leaves (black tea, green tea, cyan brick tea).
  - **Chemical Products:** Manufacture and distribution of ethanol fuel, fuel additives, and related chemical products.
  - **Advertising:** Online advertising services via a North American demand-side platform (Fast Approach) connecting directly to Chinese media markets.
- **Key Subsidiaries:**
  - **Shandong Yunchu:** Imports beef from Uruguay, Brazil, Chile, Argentina, Australia, New Zealand; supplies products to food retailers, distributors, restaurants, hotels.
  - **Xianning Bozhuang:** Produces Chinese teas (cyan brick, black, green teas) in Hubei province.
  - **Jingshan Sanhe:** Manufactures ethanol fuel, fuel additives, and renewable energy products.
  - **Fast Approach:** Operates a digital advertising platform targeting North American and Chinese markets.
  - **Shine Chemical, Bless Chemical, Hubei Bryce:** Chemical manufacturing entities.
  - **Allinyson Ltd.:** Acquired and later disposed subsidiary involved in certain operations.
  - **Jilin Chuangyuan:** Was a consolidated VIE, terminated in 2024.

## Employees & Customers
- **Employees:** As of December 31, 2024, there are **62 employees**.
- **Customers:**
  - **Chinese Domestic Market:** Multiple large and small food distribution companies such as Henan Hengdu Food Co., Ltd., Shanxi Pingyao Beef Group, Shandong Delis Food Co., Ltd., Heilongjiang Binxi Group.
  - **Customer Concentration:** Significant customers accounted for over 10% of revenue, with notable ones being companies generating 13-19% of revenue in 2023-2024.

## Financial Highlights (2024)
- **Total Revenue:** Approximately **$6.73 million**, a **62% decrease** from $17.66 million in 2023.
- **Gross Profit:** About **$762,000**, a **52% decrease** from $1.58 million in 2023.
- **Net Loss:** Approximately **$7.33 million**, a **65% decrease** from a $20.84 million loss in 2023.
- **Cash and Restricted Cash:** **$195,153** as of December 31, 2024.
- **Liabilities:** Total liabilities are **$13.72 million** with a debt-to-assets ratio of ~54%.
- **Stockholders’ Equity:** About **$11.69 million**.
  
## Other Notable Details
- **Revenue Source Decline:** The drop in revenue was mainly due to the impact of COVID-19 on the food products segment, which in 2023 contributed significantly to revenue.
- **Operations:** Produce and distribute beef, black and green teas, and manufacture ethanol fuel and chemical products.
- **Business Risks:** Subject to PRC legal and regulatory risks, foreign exchange controls, and potential restrictions on offshore listings.
- **Ownership & Structure:** Incorporates multiple subsidiaries, VIE agreements, and contractual arrangements to operate Chinese businesses.
- **Employees & Management:** Management includes CEO Bin Zhou, CFO Lili Hu, and Directors Luojie Pu, King Fai Leung, and Yang Cao. Directors are independent as per NYSE standards.

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*This summary is based solely on the provided document and does not include hypothetical or inferred information.*

Planet Green Holdings Corp. is a multi-faceted company focused on consumer products, chemical products, and digital platforms, servicing various regions including China, the U.S., and Canada.

# Company Overview: Planet Green Holdings Corp.

## General Information
- **Company Name:** Planet Green Holdings Corp.
- **Incorporation:** Nevada Corporation
- **Headquarters:** Flushing, NY
- **Key Corporate Structure:** Operates through subsidiaries in PRC, U.S., Hong Kong, and Canada; utilizes a Variable Interest Entity (VIE) model.

## Business Segments
Planet Green engages in several diverse business activities, categorized mainly into:

### 1. **Consumer Products**
- **Subsidiaries:** Shandong Yunchu and Xianning Bozhuang.
  - **Shandong Yunchu:**
    - **Focus:** Imports and distributes animal proteins, primarily beef.
    - **Customer Base:** Serves food retailers, foodservice distributors, restaurant operators, hotel chains, and food processors in China.
    - **Partnerships:** Established relationships with brands from six countries, including Uruguay, Brazil, and Australia.
  - **Xianning Bozhuang:**
    - **Focus:** Produces and distributes a variety of Chinese teas, including cyan brick tea, black tea, and green tea.
    - **Distribution:** National distribution of tea products in China.

### 2. **Chemical Products**
- **Subsidiaries:** Jilin Chuangyuan and Jingshan Sanhe.
  - **Jilin Chuangyuan:**
    - **Focus:** Manufactures chemical products including formaldehyde and urea formaldehyde glue.
    - **Capacity:** Produces 270,000 tons of chemical products per year.
    - **Market Position:** Sole provider of formaldehyde in Jilin Province.
    - **Customer Base:** Targeted towards wood-based panel, chemical, pharmaceutical, and construction industries.
  - **Jingshan Sanhe:**
    - **Focus:** Produces ethanol fuel and other clean energy products.
    - **Capacity:** Two production lines with a total capacity of 300,000 tons/year.

### 3. **Advertising and Mobile Games**
- **Subsidiaries:** Fast Approach and Allinyson.
  - **Fast Approach:**
    - **Focus:** North American demand-side platform for digital advertising.
    - **Tech Partnerships:** Collaborates with data science researchers from prestigious universities in North America.
  - **Allinyson:**
    - **Focus:** Develops and operates popular mobile games primarily targeting markets in the Philippines.
    - **Successes:** The game "Block Puzzle" has ranked highly in download metrics in the Philippines.

## Employee Information
- **Total Employees:** 143 (as of December 31, 2023)
  - **Departmental Breakdown:**
    - Production: 49
    - Sales: 26
    - Management: 23
    - R&D: 5
    - Other roles across finance, quality control, and administration.

## Financial Performance
- **Revenue:** Not disclosed in the information provided.
- **Income:** Not disclosed in the information provided.
- **Dividends:** The company currently does not anticipate paying any cash dividends in the foreseeable future, focusing instead on retaining earnings to support operations and growth.

## Customer Base
- The company primarily focuses on the Chinese domestic market, with a wide range of customers for its consumer products, chemical products, and digital platforms. Specific major customers in its beef distribution include:
  - Henan Hengdu Food Co., Ltd.
  - Shanxi Pingyao Beef Group
  - Shandong Delis Food Co., Ltd.
  - Heilongjiang Binxi Group.

In summary, Planet Green Holdings Corp. operates a multi-faceted business with a focus on consumer and chemical products, as well as advertising and mobile gaming, deploying a broad strategy that spans multiple regions and industries.

Planet Green Holdings Corp.

10-K / April 11, 2025

10-K / April 1, 2024

10-K / April 11, 2025

Company Overview Summary

Business Activities

Employees & Customers

Financial Highlights (2024)

Other Notable Details