China Organic Agriculture Inc. (CNOA.OB) is “One to Watch”
Source: http://Blog.QualityStocks.net/?p=14243Posted on Tuesday, January 13th, 2009 | In Small & Micro Cap
With offices in Los Angeles, California, and Liaoning, China, China Organic Agriculture Inc. is an active trader of agricultural products in China. Trading on the OTCBB, their mission is to capitalize on China’s growing economy with the ability to acquire upscale products. China Organic Agriculture, Inc. is engaging in the organic foods revolution. They are one of the largest producers of green and organic rice in China.
Founded in 2002, China Organic Agriculture controls all aspects of the rice production process from seeds to planting, as well as, research and development and distribution. China Organic Agriculture has established their brand loyalty among China’s affluent population with high-quality, fully certified organic rice products. China Organic Agriculture is also working to establish broad distribution of several agricultural, food, and related premium products. They have an extensive distribution network throughout major cities, including Beijing, Shanghai, and Nanjing.
The Company has their 20,000 square meter processing factory, and they have a 7.1 percent share of China’s green rice market and a 3.6 percent share of the organic rice market. The Company’s total combined output is 88,600 tons. For the twelve months ended December 31, 2007, the Company’s revenue was $44.5 million, a 390 percent increase over $9.0 million for the comparable period of 2006. For the twelve months, ended December 31, 2007 net income was $13.5 million, a 300 percent increase over $3.4 million for the same period in 2006.
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