China Green Agriculture listed in Forbes Asia's '200 Best Under A Billion' list for 2013; accolade reflects company's business achievements, potential growth capability in fertilizer industry, says CEO
August 27, 2013
– China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture", "we" 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 wholly-owned subsidiaries in China, today announced that the Company has been listed in Forbes Asia's list of 200 Best Under A Billion for the year 2013. For the complete list of Asia's 200 Best Under A Billion, please visit http://www.forbes.com/asia200/list/. This is the fourth consecutive year the Company is recognized by Forbes.
This year's 200 Best Under A Billion (the "BUB") list draws from over 15,000 publicly listed Asia-Pacific companies, each with annual revenue between US$5 million and US$1 billion. The top 200 companies were identified by Forbes editors based on their sales growth, earnings growth and return on equity in the past 12 months and over three years in the following criteria: five-year average return on equity and pretax margin greater than 10%, positive sales and earnings per share growth for both the most recent fiscal one and three-year periods, debt less than 75% of shareholders' equity, and a trading history of at least one year. Only 52 of the 200 repeat from last year, although a dozen others returned to the BUB from lists previous to that.
In recognition of the achievement of these 200 "Best Under A Billion" Companies, Mr. Tao Li, Chairman & CEO of the company and Mr. Kun Ren, CFO of the company were invited to attend the award ceremony organized by Forbes Asia on October 29, 2013.
"We are honored that Forbes Asia has recognized us as one of Asia's '200 Best under a Billion' companies, Mr. Kun Ren and I will attend the award ceremony," stated Mr. Tao Li. "We believe this accolade reflects our substantial business achievements and potential growth capability in the fertilizer industry."
About China Green Agriculture, Inc.
The Company mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong"), Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng") and Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 134 different kinds of fertilizer products as of June 30, 2013, all of which are certified by the PRC government as Green Food Production Materials, as stated by the China Green Food Development Center. Jinong currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 27 provinces, four autonomous regions, and three central-government-controlled municipalities in the PRC. Jinong had 826 distributors in China as of June 30, 2013. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are Beijing-based producers of compound fertilizer, blended fertilizer, organic compound fertilizer, and mixed organic-inorganic compound fertilizer. As of June 30, 2013, Gufeng produced and sold 320 different kinds of fertilizer products, and had 201 distributors in China. For more information, visit http://www.cgagri.com. The Company routinely posts important information on its website.