Planet Green Holdings Corp.
Planet Green Holdings Corp. is a U.S.-based holding company headquartered in Flushing, New York, with operating activities that have included food distribution, synthetic fuel products, black tea cultivation and packaging, and online advertising services. Its business has been conducted through subsidiaries including Shandong Yunchu, Jingshan Sanhe, Xianning Bozhuang, and Fast Approach Inc.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueImporting and distributing beef and other animal protein products.
Sales of high-grade synthetic fuel products.
Black tea cultivation, packaging, and food product sales.
Digital advertising services provided through operating subsidiaries.
Customers
The company sells to buyers of imported animal proteins, industrial or commercial customers for synthetic fuel products, and customers purchasing packaged tea and food products. Its advertising services add a separate service-based revenue stream tied to online marketing demand.
Importers, distributors, and downstream food buyers purchasing beef products for resale or processing.
Industrial or commercial customers buying high-grade synthetic fuel products.
Customers buying black tea and other food products for retail or distribution.
Businesses buying digital advertising services to support marketing and customer acquisition.
Strategy
The company’s stated direction is to operate a mix of commodity, food, and service businesses while relying on acquisitions, dispositions, and financing support to maintain operations. Management also indicates that continued execution depends on generating profit and accessing private placements or related-party funding when needed.
The business depends on external financing and working capital support to continue operating.
Management states that profitability and continued existence depend on executing the business plan.
Multiple revenue streams can reduce dependence on any single product line.
Geography
The company is headquartered in Flushing, New York, while operating activities have been carried out through subsidiaries with China-linked operating footprints. The filings do not provide a country-by-country revenue split, but the business model suggests exposure to cross-border sourcing, processing, and distribution channels.
Risks
The company faces going-concern and financing risk because management has disclosed substantial doubt about its ability to continue without additional capital. Its mix of commodity-like products, small scale, and cross-border operations also exposes it to supply chain, customer concentration, and regulatory risks.
Management disclosed substantial doubt about the company’s ability to continue without successful execution and financing.
Exposure: Corporate liquidity and continuity
The company may need private placements, bank loans, or related-party support to fund operations.
Exposure: Working capital and general corporate purposes
Animal protein, tea, and synthetic fuel activities depend on reliable sourcing and logistics.
The company operates several unrelated lines, which can strain management attention and capital allocation.
Exposure: Operating performance
Accounting
Judgemental itemsProduct revenue is recognized when control transfers, so shipment and delivery timing affect reported revenue.
Impact: Affects quarterly revenue and gross profit timing
Prepayments are reclassified to inventory upon receipt and inspection of raw materials.
Impact: Affects inventory, working capital, and supplier credit risk
Goodwill is tested annually and when indicators arise; impairment would reduce earnings and asset values.
Impact: Can create non-cash charges and reduce equity
Assets are reviewed for recoverability when circumstances change or working capital is inadequate.
Impact: Can lead to write-downs on equipment or other operating assets
Deferred tax assets may require a valuation allowance if realization is uncertain.
Impact: Affects tax assets and reported net income
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Last updated: 24/09/2026