Sino Green Land Corporation Reports Significant Revenue Decline and Increased Net Loss

Sino Green Land Corporation reported a significant decline in financial performance for the three and nine months ended March 31, 2025, compared to the same periods in the previous fiscal year. The company generated net revenues of $197,940 for the three months, a decrease of 60% from $488,820 in the prior year. For the nine-month period, revenues fell by 45% to $771,446 from $1,394,346. The decrease in revenue was attributed primarily to a reduction in sales of plastic recycling products. The cost of revenues also decreased, amounting to $582,895 for the three months and $1,617,952 for the nine months, reflecting a decrease of 6% and 12%, respectively, in line with the drop in sales.

The company's gross loss increased significantly, reaching $384,955 for the three months ended March 31, 2025, compared to a gross loss of $130,409 in the same period last year. For the nine months, the gross loss was $846,506, up from $445,288. This increase in gross loss was primarily due to the substantial decline in net revenues while costs remained relatively steady. General and administrative expenses also decreased, totaling $70,271 for the three months and $244,283 for the nine months, down 47% and 45%, respectively, due to reduced auditor and professional fees.

Sino Green Land's net loss for the three months was $485,082, a 70% increase from the $285,101 loss reported in the same period last year. For the nine months, the net loss totaled $1,177,057, up 25% from $943,686. The company’s accumulated deficit reached $4,068,616 as of March 31, 2025, raising concerns about its ability to continue as a going concern. The company reported a working capital deficit of $3,750,487, an increase from $2,679,437 as of June 30, 2024.

In terms of operational developments, Sino Green Land's cash flow from operating activities improved, with a net cash outflow of $440,402 for the nine months ended March 31, 2025, compared to $558,016 in the prior year. The company also reported a decrease in cash used in investing activities, down to $31,672 from $902,921, primarily due to fewer acquisitions of property and equipment. Financing activities provided $498,349, a decrease from $1,390,861, reflecting reduced loan proceeds.

Looking ahead, Sino Green Land Corporation faces substantial challenges, including the need for continued financial support from shareholders or external financing to sustain operations. The company has only verbal commitments for funding, which are non-binding. Management remains focused on controlling costs and implementing strategies to increase sales volume, although there are no assurances regarding the success of these efforts or the availability of necessary financing.