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China Agri-Business, Inc. Symbol:  CHBU Click here for a printable version Business Summary: China Agri-Business, Inc., through its subsidiaries, engages in the manufacture, marketing, and sale of organic agricultural enhancement products in the People's Republic of China.   Address   Hi-Tech Road No. 42   Finance Plaza 9th Floor Hi-Tech Industrial Development Zone   Xi'an , Shaanxi Province 710068   Phone: 011-86-29-88222938 Auditor   Michael T. Studer CPA   Freeport , NY Transfer Agent   Securities Transfer Corp. Employees:  120 ShareHolders:  10 Founded:  2002 Domicile:  Maryland      S & P Disclaimer   China Agri-Business, Inc. Symbol:  CHBU Click here for a printable version China Agri-Business, Inc., through its subsidiaries, engages in the manufacture, marketing, and sale of organic agricultural enhancement products in the People's Republic of China. The company offers six categories of organic biochemical agricultural application products, which include Xinsheng Luyuan, a line of products whose primary function is to increase agricultural production; Xinsheng Lufeng, a line of products whose primary function is as a bactericide; Xinsheng Dadang that is an organic fungicide with additional ingredients to enhance anti-fungal effects; Xinsheng Huang-jin-gai, which is designed to help crops absorb calcium; Xinsheng Jia-tian-xia that is an organic potassium fertilizer; and Xinsheng Bai-le, which is designed to provide supplementary micro-nutrients to crops. It markets its products to farmers and retail dealers. The company was founded in 2002 and is based in Xi'an, China. History:  INCORPORATED in Maryland Dec. 7, 2005. On Mar. 24, 2006, the company formed Mei Xin Agri Technology (Shaanxi) Co., Ltd. (Meixin), a wholly owned subsidiary of the company and a limited liability company organized under the laws of the People's Republic of China (PRC). On Apr. 22, 2006, Meixin acquired management control of Shaanxi Xin Sheng Centennial Agriculture and Technology Co., Ltd. (Xinsheng), in the same manner as if it were a wholly owned subsidiary under PRC law, and the company issued 10,950,897 (post-split) Common shares, representing approximately 89% of the 12,278,774 Common shares outstanding after the transaction, to a trustee of a trust for the benefit of the Xinsheng stockholders. Xinsheng was formed under the laws of the PRC on Apr. 22, 2002.   Subsidiaries: Mei Xin Agri Technology (Shaanxi) Co., Ltd. Shaanxi Xin Sheng Centennial Agriculture and Technology Co., Ltd.            S & P Disclaimer   China Agri-Business, Inc. Symbol:  CHBU Click here for a printable version Management Officers Position  Deng  Limin Chairman  Deng  Liping President & Chief Executive Officer  Zhou  Xiaolong Chief Financial Officer & Chief Accounting Officer  Wang  Jianhua Secretary Directors  Deng  Limin  Deng  Liping  Michael  Segal      S & P Disclaimer   China Agri-Business, Inc. Symbol:  CHBU Click here for a printable version   Capitalization as of 06/30/2008:     Authorized Shares Outstanding Shares Preferred $0.001 par 5,000,000 None Common $0.001 par 100,000,000 12,958,574   LONG TERM DEBT: None.   Common $0.001 par   UNITS OFFERED: July 13, 2007, the company, through Spencer Edwards, Inc., underwriter, offered 1,000,000 Units, each consisting of one Common share, one $1.50 warrant and one $2.00 warrant, at $1.00 per Unit on a best efforts, 300,000 Units minimum, 1,000,000 Units maximum basis; comm., $0.11 per Unit-- 379,800 Units sold. Each $1.50 warrant entitled the holder to purchase one Common share at $1.50 per share for a period of three years from the date of issuance, and each $2.00 warrant entitled the holder to purchase one Common share at $2.00 per share for a period of three years from the date of issuance only upon the exercise of the $1.50 warrant.   Stockholders:  03/24/2008, 10. PRINCIPAL STOCKHOLDERS: March 24, 2008, trustees for Xinsheng shareholders (trustees are: Zhihong Yang, Xiaoying Lin, Dongdong Ding, Fei Zhao and Junsheng Meng) owned or controlled 70.2% of the Common, and Liping Deng 14.3%.   Transfer Agent:  Securities Transfer Corp.   Frisco , TX   OTC Bulletin Board( Primary): CHBU   Exchange Year High Low OTC Bulletin Board 2008 1.5000 0.0700 OTC Bulletin Board 2007 2.0000 0.5100   DIVIDENDS: Common $0.001 par: No cash. Common split 2.032-for-1, Oct. 31, 2006.        S & P Disclaimer   China Agri-Business, Inc. Symbol:  CHBU Click here for a printable version Annual Report   Income Statement   2007 2006 Sales of products $3,037,414 $2,154,894 Cost of goods sold 964,961 655,530 Gross profit 2,072,453 1,499,364 Selling, general and administrative expenses 1,029,230 592,794 Income from operations 1,043,223 906,570 Interest income 15,659 6,283 Income before income taxes 1,058,882 912,853 Income taxes - - Net income 1,058,882 912,853 Deemed dividend relating to beneficial conversion feature of Series A preferred stock (200,000) - Net income attributable to common stockholders $858,882 $912,853 Earnings per common share: Basic $0.07 $0.08 Diluted $0.07 $0.08   Balance Sheet   2007 2006 Assets Current Assets Cash and cash equivalents $5,984,448 $3,785,535 Accounts receivable, net 65,118 103,844 Inventory 60,582 92,253 Other receivables 6,855 18,476 Loans receivable - 301,447 Prepaid expenses 5,735 22,137 Total Current Assets 6,122,738 4,323,692 Property, plant and equipment, net 276,000 296,344 Investment in Tienwe Technology 822,540 769,477 Intangible assets, net 73,554 86,014 Total Assets $7,294,832 $5,475,527 Liabilities and Stockholders' Equity Current Liabilities Accounts payable and accrued liabilities $166,200 $51,276 Total Current Liabilities 166,200 51,276 Redeemable Series A preferred stock, par value $.001 - 100,000 Stockholders' Equity Common stock par value $.001 12,959 12,279 Additional paid-in capital 4,150,636 3,629,709 Retained earnings 2,308,873 1,449,991 Accumulated other comprehensive income 656,164 232,272 Total stockholders' equity 7,128,632 5,324,251 Total Liabilities and Stockholders' Equity $7,294,832 $5,475,527      S & P Disclaimer   China Agri-Business, Inc. Symbol:  CHBU Click here for a printable version Interim Report      Data Not Available            S & P Disclaimer   China Agri-Business, Inc. Symbol:  CHBU Click here for a printable version Pro Forma Report      Data Not Available            S & P Disclaimer   China Agri-Business, Inc. Symbol:  CHBU Click here for a printable version Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   1 340,000   2008   2 1,180,000   2008   3 610,000   2007   3 780,000   2007   4 850,000   2007   Full Year 3,040,000   2006   Full Year 2,150,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 120,000   2008   2 680,000   2008   3 390,000   2007   3 290,000   2007   4 200,000   2007   Full Year 1,060,000   2006   Full Year 910,000   2005   Full Year 400,000   2004   Full Year (110,000)     Quarterly EPS, US$ Year Quarter Revenue   2008   1 .01   2008   2 .05   2008   3 .03   2007   3 .02   2007   4 Nil   2007   Full Year .07   2006   Full Year .08      S & P Disclaimer