PLAG Stock Earnings: Planet Green Holdings Reported Results for Q2 2024

Written by Emily J. Thompson, Senior Investment Analyst

Source: Business Insider

Updated: Aug 14 2024

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Should l Buy PLAG?

Source: Business Insider

Earnings Report: Planet Green Holdings reported a second-quarter 2024 earnings per share of -29 cents and revenue of $1.95 million.
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About PLAG

Planet Green Holdings Corp. is a holding company. The Company is engaged in various businesses through its subsidiaries in China. Through its subsidiaries Jingshan Sanhe Luckysky New Energy Technologies Co., Ltd. and Jilin Chuangyuan Chemical Co., Ltd., it offers high-grade clean fuel products and methylal. It also supplies its customers with urea-formaldehyde glue, which is essential for producing environment-friendly artificial boards and chemicals. Through its subsidiary, Fast Approach Inc, operates a demand-side platform that enables its customers, particularly digital advertising buyers, to manage their content and data exchange accounts through an integrated interface. It leverages artificial intelligence and machine learning technologies to optimize real-time bidding and target customers. Its subsidiary Xianning Bozhuang Tea Products Co., Ltd, offers organic cyan brick tea, black, and green tea products, which are produced and distributed nationwide.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Planet Green Faces NYSE Delisting Risk Due to $573,528 Shareholder Deficit

Dec 09 2025Newsfilter

Delisting Risk Notification: On December 8, 2025, Planet Green Holdings Corp. received a notice from the NYSE regarding its non-compliance due to a shareholder deficit of $573,528 as of September 30, 2025, and losses over the last five fiscal years, indicating significant financial distress.
Compliance Plan Requirement: The company must submit a plan by January 7, 2026, detailing actions to regain compliance by June 8, 2027, highlighting the urgency and uncertainty surrounding its future operations.
Continued Listing Conditions: During the 18-month cure period, the company's common stock will remain listed and traded on the NYSE, contingent upon adherence to other applicable listing rules, emphasizing the need for immediate corrective measures to maintain market confidence.
Diversified Business Background: Despite facing financial challenges, Planet Green operates a diversified portfolio in China and Canada, including consumer products, chemical products, and online advertising, suggesting potential value in its business model if compliance is achieved.

Planet Green Launches Black Gold Tea Series, Attracting Strong Distributor Interest

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Successful Product Launch: Planet Green's subsidiary Hubei Shengsili Biotechnology Co., Ltd. debuted its Black Gold Series tea products, attracting numerous tea distributors and showcasing strong market potential and consumer interest.
Fusion of Tradition and Modernity: The Black Gold Series, rooted in a 400-year tea-making tradition, tailors to contemporary consumer tastes, aiming to convey traditional Chinese black tea culture to a new generation and enhance brand influence.
Positive Market Feedback: Attendees at the launch event expressed enthusiastic feedback regarding the quality, aroma, and market potential of the new products, indicating strong purchase interest and suggesting a promising market outlook.
Production and Distribution Expansion: Hubei Shengsili plans to accelerate production and expand distribution channels to meet the growing market demand for the Black Gold Series, further solidifying its position in the tea market.

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