China Green Agriculture Subsidiary Ranked 17th Among Forbes China's 2012 Top 100 Chinese Public Companies with the Greatest Potential
XI'AN, China, Jan. 9, 2012 /PRNewswire-Asia-FirstCall/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture" or the "Company"), a producer and distributor of humic-acid based compound fertilizers, blended fertilizers, organic compound fertilizers, mixed organic-inorganic compound fertilizers, slow-release fertilizers, highly-concentrated water soluble fertilizers and agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings through its wholly owned subsidiaries in China, today announced that Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong"), a wholly owned subsidiary of the Company, was ranked 17th by Forbes China in its 2012 Top 100 Chinese Public Companies with the Greatest Potential, published on January 4, 2012 and available at forbeschina.com. These rankings were based on several indices, including growth, return on equity, profitability and revenue. Forbes also conducted necessary field visits during its survey. This is the second consecutive year the Company is recognized by Forbes. In 2011, Jinong was ranked 17th in Forbes' ranking of the Best Small and Medium Enterprises in China.
"We are very honored to receive this recognition from Forbes China in two consecutive years," stated Mr. Tao Li, Chairman and Chief Executive Officer of the Company. "This ranking signifies our substantial business achievements and potential growth capability. We are confident that our strong R&D competence and multi-product marketing strategy will drive our business to remarkable development in 2012."
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.: Jinong, Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), Xi'an Jintai Agriculture Technology Development Company ("Jintai") and Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produces and sells 147 different kinds of fertilizer products, 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 22 provinces, four autonomous regions, and three central-government-controlled municipalities in the PRC. Jinong has 677 distributors in China as of September 30, 2011. 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. Gufeng produces and sells more than 300 different kinds of fertilizer products, and had 173 distributors in China. For more information, visit http://www.cgagri.com. The Company routinely posts important information on its website.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company's business, products and financial results. The Company's actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic and business conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan and various other factors beyond the Company's control. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risk factors detailed in the Company's reports filed with the SEC. China Green Agriculture undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by applicable law or regulation.
For more information, please contact:
China Green Agriculture, Inc.
Ms. Jane Zuo (English and Chinese)
Secretary of the Board
SOURCE China Green Agriculture, Inc.