Planet Green is a holding company with no material operations of its own. We currently conduct our operations through our subsidiaries including our WFOEs, the VIE and their respective subsidiaries. Cash is transferred through our organization in the manner as follows: (1) we may transfer funds to our WFOEs through our Hong Kong subsidiaries, Promising Prospect HK Limited, and Bless Chemical Co., Ltd. (HK) by additional capital contributions or shareholder loans, as the case may be; (2) the VIE may pay service fees to our PRC subsidiaries for services rendered by our PRC subsidiaries; (3) our PRC subsidiaries may pay service fees to the VIE for services rendered by the VIE; and (4) our PRC subsidiaries may make dividends or other distributions to Planet Green. We do not have cash management policies dictating how funds are transferred throughout our organization. We may encounter difficulties in our ability to transfer cash between PRC subsidiaries and non-PRC subsidiaries largely due to various PRC laws and regulations imposed on foreign exchange. If we intend to distribute dividends through Planet Green, our WFOEs will transfer the dividends to our Hong Kong subsidiaries in accordance with the laws and regulations of the PRC, and then our Hong Kong subsidiaries will transfer the dividends to the Planet Green, and the dividends will be distributed from the Planet Green to all shareholders respectively in proportion to the shares they hold, regardless of whether the shareholders are U.S. investors or investors in other countries or regions. There can be no assurance the PRC government will not intervene or impose restrictions on the Company’s ability to transfer cash out of China. In 2022 our PRC subsidiaries did not receive any cash benefits from the VIEs for services rendered to the VIEs and their subsidiaries. As of December 31, 2022, our VIE owned $2,871,665 to our WOEFs as loan. As of December 31, 2022, we were not subject to any actual foreign exchange restrictions.
Company profile
Ticker
PLAG
Exchange
Website
CEO
Bin Zhou
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
American Lorain CORP, MILLENNIUM QUEST INC
SEC CIK
Corporate docs
Subsidiaries
Promising Prospect Limited • Shine Chemical Co., Ltd. • Allinyson Ltd. • Fast Approach Inc. • Promising Prospect HK Limited • Bless Chemical Co., Ltd. • Jiayi Technologies (Xianning) Co., Ltd. • Shanghai Shuning Advertising Co, Ltd. • Shandong Yunchu Supply Chain Co., Ltd. • Jingshan Sanhe Luckysky New Energy Technologies Co., Ltd. ...
IRS number
870430320
PLAG stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
1 Apr 24
10-Q
2023 Q3
Quarterly report
14 Nov 23
8-K
Submission of Matters to a Vote of Security Holders
13 Oct 23
8-K
Planet Green Holdings Corp Subsidiary Allinyson Ltd. Forges Strategic Partnership with MetaMind AI Limited on AI Technology Solutions
10 Oct 23
DEF 14A
Definitive proxy
29 Aug 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
8-K
Regulation FD Disclosure
10 Aug 23
8-K
Subsidiary of Planet Green Holdings Corp. Announces Launch of Mind-Engaging Mobile Game Powered by Cutting-Edge AI Technologies
18 Jul 23
8-K
Entry into a Material Definitive Agreement
27 Jun 23
10-Q
2023 Q1
Quarterly report
15 May 23
Latest ownership filings
SC 13D/A
Xiangtian Aerodynamic Electricity Ltd.
3 Aug 23
4
Change in insider ownership
30 Jun 23
SC 13D/A
Xiangtian Aerodynamic Electricity Ltd.
30 Jun 23
SC 13D
Xiangtian Aerodynamic Electricity Ltd.
21 Jun 23
4
Bin Zhou
8 Dec 22
SC 13D/A
Zhou Bin
8 Dec 22
SC 13D/A
Zhou Bin
5 Aug 22
4
Bin Zhou
5 Aug 22
SC 13D/A
Zhou Bin
27 Jul 22
4
Bin Zhou
27 Jul 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 313.50 k | 313.50 k | 313.50 k | 313.50 k | 313.50 k | 313.50 k |
Cash burn (monthly) | 133.23 k | (no burn) | 415.23 k | 2.09 mm | 666.84 k | 253.75 k |
Cash used (since last report) | 880.60 k | n/a | 2.74 mm | 13.79 mm | 4.41 mm | 1.68 mm |
Cash remaining | -567.10 k | n/a | -2.43 mm | -13.48 mm | -4.09 mm | -1.36 mm |
Runway (months of cash) | -4.3 | n/a | -5.9 | -6.5 | -6.1 | -5.4 |
Institutional ownership, Q2 2023
8.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 4 |
Opened positions | 2 |
Closed positions | 2 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 56.90 mm |
Total shares | 6.11 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Xiangtian Aerodynamic Electricity | 6.00 mm | $2.90 mm |
Bridgeway Capital Management | 83.00 k | $41.92 mm |
Susquehanna International | 13.32 k | $6.73 mm |
Citadel Advisors | 10.62 k | $5.36 mm |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Jun 23 | Xiangtian Aerodynamic Electricity | Common Stock | Sell | Dispose S | No | No | 0.4564 | 6,000,000 | 2.74 mm | 6,000,000 |
7 Dec 22 | Zhou Bin | Common Stock | Buy | Acquire P | No | No | 0.56 | 5,000,000 | 2.80 mm | 2,800,000 |