XI'AN, China, Dec. 13, 2012 /PRNewswire-FirstCall/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture" or the "Company"), a company 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 included in Forbes Asia's list of 200 Best Under A Billion for the year 2012. For the complete list of Asia's 200 Best Under A Billion, please visit http://www.forbes.com/asia200/list. This is the third consecutive year the Company is recognized by Forbes.
This year's 200 Best Under a Billion 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.
"We are honored that Forbes Asia has recognized us as one of Asia's '200 Best under a Billion' companies," stated Mr. Tao Li, Chairman and Chief Executive Officer of the Company. "We believe this accolade reflects our substantial business achievements and potential growth capability in the fertilizer industry. We are confident that our strong R&D competence and multi-product marketing strategy will drive our business to remarkable development in the years ahead."
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., a wholly-owned subsidiary of Jinong in the PRC ("Gufeng"), Xi'an Jintai Agriculture Technology Development Company ("Jintai") and Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 129 different kinds of fertilizer products as of September 30, 2012, 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 had 779 distributors in China as of September 30, 2012. 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 September 30, 2012, Gufeng produced and sold 317 different kinds of fertilizer products, and had 187 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 concerning the Company's business, products and financial results within the meaning of the Private Securities Litigation Act of 1995. 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, business and environment 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)
Investor Relations Manager
SOURCE China Green Agriculture, Inc.