Fri, Apr 11, 8:02 PM (37 days ago)
**Planet Green Holdings Corp. (PLAG) - Summary** **Financial Performance (2024):** - **Revenue:** $6.73 million, down 62% from $17.66 million in 2023. - **Net Loss:** $7.33 million, improved from $20.84 million in 2023. - **Gross Profit:** $0.76 million, down 52% from $1.58 million in 2023. - **Operating Expenses:** $7.43 million, slightly up from $6.56 million in 2023. - **Cash and Restricted Cash:** $195,153, down from $237,214 in 2023. **Strategic Overview:** - **Business Segments:** Consumer products, chemical products, advertising. - **Subsidiaries:** Shandong Yunchu, Jingshan Sanhe, Xianning Bozhuang, Fast Approach Inc. - **Market Position:** Competitive in beef products, tea, and chemical markets. **Future Outlook:** - **Growth Strategy:** Focus on internet advertising and long-term customers. - **Challenges:** Regulatory risks in China, cash transfer difficulties, and market competition. **Risk Factors:** - **Regulatory:** PRC government interventions, data security, anti-monopoly concerns. - **Operational:** Cash transfer restrictions, foreign exchange regulations. - **Financial:** Dependence on dividends from subsidiaries, potential liquidity issues. **Financial Condition:** - **Assets:** $25.42 million, down from $42.63 million in 2023. - **Liabilities:** $13.72 million, down from $23.19 million in 2023. - **Shareholders' Equity:** $11.69 million, down from $19.44 million in 2023. **Market Position Changes:** - **Stock Performance:** Traded on NYSE American under symbol "PLAG." - **Shareholders:** 322 as of December 31, 2024. - **Dividends:** No dividends declared or paid in 2024. **Management and Governance:** - **Executive Compensation:** Total of $245,200 for named executives. - **Board Composition:** Includes independent directors and various committees. **Note:** Amounts are in thousands of dollars.