China Organic Agriculture, Inc. announced that it has appointed Mr. Bo Shan as its new Chief Financial Officer. Mr. Bo Shan, Chinese Certified Public Accountant, is 30 years old and is a graduate of the Hebei University of Economics and Business with a degree in Accounting. Prior joining the company, Mr. Shan served as the senior accountant and deputy director in Zhonglei Certified Public Accountants Co. Ltd. Mr. Shan replaces Mr. Weihong Xia as Chief Financial Officer of China Organic Agriculture who is no longer with the company, effective on January 15, 2010.

China Organic Agriculture Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported sales of $39,656,537, income from continuing operations before income taxes of $10,567,769, net income from continuing operations of $7,814,369 or $0.06 per basic share, net income attributable company of $4,510,193 or $0.06 per basic share compare to sales of $46,454,286, income from continuing operations before income taxes of $11,244,812, net income from continuing operations of $8,471,561 or $0.15 per basic share, net income attributable company of $9,499,635 or $0.17 per basic share over the same period last year. For the nine months, the company reported sales of $106,402,273, income from continuing operations before income taxes of $25,157,742, net income from continuing operations of $18,680,100 or $0.15 per basic share, net income attributable company of $10,916,474 or $0.15 per basic share, cash used in operating activities of $5,035,988 compare to sales of $53,913,511, income from continuing operations before income taxes of $11,707,825, net income from continuing operations of $8,485,818 or $0.16 per basic share, net income attributable company of $10,354,049 or $0.19 per basic share, cash used in operating activities of $11,452,162 over the same period last year. The increase of $52.5 million in sales is attributable to the company's acquisition of 60% of the equity of Dalian Huiming Industry Ltd. in October 2008, which accounted for the substantial revenue growth for the nine-month period.

China Organic Agriculture Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company sales reached $30,018,428 a substantial increase compared to $3,268,668 for the same period last year. The increase in sales was attributable to the sales volume of Dalian Huiming, in which the company acquired a 60% ownership interest in October, 2008 for a purchase price of $10.6 million. Dalian Huiming is mainly involved in trading and distribution of agriculture products, primarily rice and soybeans throughout China. Income from operations was $6,451,422 compared to $357,806 for the same period last year. Income from continuing operations before income taxes was $6,121,653 compared to $56,954 for the same period last year. Net income from continuing operations was $4,468,927 compared to net loss from continuing operations $171,843 for the same period last year. Net Income attributable to the company was $2,481,090 or $0.03 basic and diluted per share compared to net loss attributable to the company of $121,192 for the same period last year. For the six months, the company reported sales of 66,745,736 compared to $7,459,225 for the same period last year. Income from operations was $14,472,480 compared to $763,865 for the same period last year. Income from continuing operations before income taxes was $14,589,973 compared to $463,013 for the same period last year. Net income from continuing operations was $10,865,731 compared to $14,258 for the same period last year. Net Income attributable to the company was $6,406,281 or $0.09 basic and diluted per share compared to $854,414 for the same period last year. Net cash used by operating activities were $9,186,325 compared to $10,301,212 for the same period last year. Purchase of property & equipment was $676 compared to $14,598,802 for the same period last year.

Market Watch for China Organic Agriculture Inc. Issued by StockPreacher

Market Watch for China Organic Agriculture Inc. Issued by StockPreacher

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