SGLAOTCWholesale-Misc Durable GoodsUS GAAP · USD

Sino Green Land Corp.

Sino Green Land Corp. is a Nevada-incorporated U.S. company that has operated in wholesale distribution businesses over time, including premium fruits in China and, more recently, plastic recycle products sourced from third parties. The company’s reported activity reflects a small-scale trading and distribution model with cross-border elements and a history of changing business names and operating focus.

Revenue1.3m USD
−35.9 %y/y
Operating profit (EBIT)-1.7m USD
−135.2 %y/y
EBIT margin-126.4%
−92.0 ppy/y
Net income-1.8m USD
−126.5 %y/y
Free cash flow-0.9m USD
+45.2 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-2-10123m USD202120222023: 0.64 m USD2023: EBIT -1.1 m USD20232024: 2.1 m USD2024: EBIT -0.72 m USD20242025: 1.3 m USD2025: EBIT -1.7 m USD20251.3-1.7
RevenueOperating profit (EBIT)

Business

Share of revenue
Plastic recycle products100 %

Wholesale resale of recycled plastic products sourced from third parties.

Historical fruit distribution0 %

Prior wholesale distribution of premium fruits in China.

Customers

The company sells to wholesale buyers and trading counterparties that purchase recyclable materials or other distributed goods for resale or downstream use. Its customer base appears transaction-driven rather than contract-based, with purchases depending on availability, pricing, and cross-border logistics.

Wholesale buyers of recycled products

Buy plastic recycle products for resale or industrial use, typically on a spot basis.

Third-party trading customers

Purchase sourced goods through short-term transactions rather than recurring contracts.

Historical fruit distribution customers

Earlier customer base for premium fruit wholesale in China.

Strategy

The company’s near-term focus appears centered on maintaining trading activity in recycled products while managing working capital and funding needs. Because the business depends on short-term sourcing and customer demand, execution hinges on inventory control, supplier access, and the ability to finance operations.

Sustain trading volume in recycled productsShort term

Revenue depends on continuing to source and resell product through third-party channels.

Secure external fundingShort term

The company has disclosed going-concern uncertainty and needs capital to fund operations.

Reduce operational friction in cross-border tradeMedium term

Import duties, customs inspection, and foreign exchange controls can disrupt sales and margins.

Geography

Sino Green Land is a U.S.-incorporated company with reported business activity tied to China and other cross-border trade channels. Its operations and sales are exposed to import/export rules, customs inspection, and foreign exchange controls, which can affect pricing, timing, and product availability.

Risks

Sino Green Land faces substantial going-concern risk, reflecting recurring losses, negative operating cash flow, and a large working capital deficit. Its business is also exposed to internal control weaknesses, customer concentration/retention risk, and cross-border trade frictions that can disrupt pricing, delivery, and cash collection.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Going-concern uncertainty1Material weaknesses in internal controls2Customer retention and pricing pressure3Cross-border regulatory and logistics risk4Foreign exchange control risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Going-concern uncertaintyImpact: CriticalLikelihood: High

    Recurring losses, negative operating cash flow, and current liabilities exceeding current assets raise doubt about continuity.

    Exposure: Company-wide

  2. Material weaknesses in internal controlsImpact: HighLikelihood: High

    Weak controls increase the chance of financial misstatement and reduce reporting reliability.

    Exposure: Financial reporting

  3. Customer retention and pricing pressureImpact: HighLikelihood: High

    Most customers are not under long-term agreements, so revenue depends on repeated spot transactions.

    Exposure: Wholesale sales

  4. Cross-border regulatory and logistics riskImpact: MediumLikelihood: Medium

    Import duties, customs inspections, and changing regulations can alter costs and delay shipments.

    Exposure: International trade

  5. Foreign exchange control riskImpact: MediumLikelihood: Medium

    Changes in foreign exchange rules can affect borrowing, repatriation, and translated results.

    Exposure: Malaysia and other cross-border markets

Accounting

Judgemental items
Revenue recognition

Wholesale trading revenue is typically recognized when control transfers, so timing depends on shipment and delivery terms.

Impact: Affects reported revenue and quarterly comparability

Allowance for doubtful accounts

Short-term trading customers may create collection risk, requiring judgmental reserves.

Impact: Affects receivables and bad debt expense

Inventory valuation

Recycled products and traded goods can lose value if demand weakens or costs change.

Impact: Affects cost of revenues and gross profit

Goodwill and intangible impairment

Management cites impairment testing as a critical estimate, which can create non-cash charges.

Impact: Affects asset values and earnings

Lease accounting

Operating and financing lease liabilities are disclosed and affect leverage presentation.

Impact: Affects liabilities and operating cash flow classification

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026