CSIMarket
 
Muliang Viagoo Technology Inc   (MHDG)
Other Ticker:  
 
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 19
 Employees 1
 Revenues (TTM) (Millions $) 11
 Net Income (TTM) (Millions $) 3
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Muliang Viagoo Technology Inc

We are principally engaged in the meat and food processing and distribution business in the People’s Republic of China (“PRC”). Currently, we have one fertilizer processing plant located in Shanghai in the PRC. Our current maximum production capacity is 30,000 metric tons a year. We are currently building 2 new fertilizer plants in Weihai City, Shandong Province and in Shanghai in the PRC. One of the new plants located in Weihai City was in operations in August 2015 with annual production capacity of 100,000 metric tons. Another new plant located in Shanghai has been completed in June 2016 with annual production capacity of 100,000 metric tons.

During the period from our formation on November 2014 to October 2015, we did not generate any significant revenue, and accumulated no significant assets, as we explored various business opportunities.

On February 10, 2016, Muliang Industry Co., Ltd. (“Muliang Industry”) entered into an entrusted management agreement with Muliang Agriculture Ltd.’s wholly owned subsidiary, Shanghai Mufeng Investment Consulting Co., Ltd. (“Shanghai Mufeng”), which provides that Shanghai Mufeng will be entitled to the full guarantee for the performance of such entrusted management agreement entered into by the Company. Muliang Agriculture Ltd. (“Muliang HK”) was incorporated in Hong Kong, PRC on August 21, 2014. Other than the equity interest in Shanghai Mufeng, Muliang HK does not own any assets or conduct any operations. Shanghai Mufeng is also entitled to receive the residual return of the Company. As a result of the agreement, Shanghai Mufeng will absorb 100% of the expected gains or losses of the Company, which results in Shanghai Mufeng being the primary beneficiary of the Company.

Shanghai Mufeng also entered into a pledge of equity agreement with the principal shareholders of the Company (the “Principal Shareholders”), who pledged all their equity interest in the entity to Shanghai Mufeng. The pledge of equity agreement, which were entered into by each Principal Shareholder, pledged each of the Principal Shareholders’ equity interest in the Company as a guarantee for the entrustment payment under the Entrusted Management Agreements. In addition, Shanghai Mufeng entered into an option agreement to acquire the Principal Shareholders’ equity interest in these entities if or when permitted by the PRC laws.

Based on these exclusive agreements, the Company will be treated as a variable interest entity (“VIE”) of Muliang HK as required by generally accepted accounting principles in the United States (“US GAAP”), because Muliang HK is the primary beneficiary of the VIE. The profits and losses of the Company are allocated based upon the Entrusted Management Agreement.

On February 10, 2016, we entered into a Share Exchange Agreement (the “Exchange Agreement”) with Muliang HK. Pursuant to the terms of the Exchange Agreement, the shareholders of Muliang HK transferred to Mullan Agritech all of the Muliang HK Shares in exchange for the issuance of 150,525,000 shares of our common stock (the “Share Exchange”). As a result of the Share Exchange, Muliang HK became a wholly-owned subsidiary of us and the shareholders of Muliang HK acquired approximately 100% of our issued common shares.

The effect of the Share Exchange is such that effectively a reorganization of the entities has occurred for accounting purposes and is deemed to be a reverse acquisition. Subsequent to the Share Exchange the financial statements presented are those of a combined Muliang HK and its subsidiaries, including its VIE, Muliang Industry, as if the Share Exchange had been in effect retroactively for all periods presented. As previously noted the “Company” for financial statement purposes was the consolidation of Muliang HK, Shanghai Mufeng, Muliang Industry and Muliang Industry’s subsidiaries. Muliang Industry’s subsidiaries include its wholly-owned subsidiaries which are limited liability companies in People’s Republic of China (“PRC”), Shanghai Zongbao Environment Engineering Co., Ltd. (“Zongbao”) and Shanghai Muliang Agritech Development Co., Ltd. (“Agritech Development”); its 99% owned subsidiary, Weihai Fukang Bio-Fertilizer Co., Ltd. (“Fukang”), a PRC limited liability company, and Shanghai Muliang Agricultural Sales Co., Ltd. (Muliang Sales), a PRC limited liability company found in July 2015.



   Company Address: 2498 Wanfeng Highway, Lane 181 Shanghai 201501
   Company Phone Number: 21-67355092   Stock Exchange / Ticker: MHDG
   MHDG is expected to report next financial results on April 16, 2024.


Customers Net Income grew by MHDG's Customers Net Profit Margin grew to

58.72 %

9.6 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AVD   -1.92%    
CF        0.39% 
CGA        2.36% 
MOS   -1.02%    
RKDA        2.89% 
SANW   -28.47%    
• View Complete Report
   



Muliang Viagoo Technology Inc

Muliang Viagoo Technology Inc Skyrockets with 300% Profit Surge in Q3 of 2023

The stock market can be a tumultuous and unpredictable place, but amidst the uncertainty, there are always shining stars that continue to show growth and improvement. One such star in the Agricultural Production industry is the MHDGsn company, which has thrived in the third quarter of 2023 despite the challenges faced by its peers.
In comparison to the corresponding reporting period a year ago, MHDGsn has experienced remarkable growth in its earnings per share (EPS), which grew by a staggering 300% to $0.04. This tremendous increase is a testament to the company's strong financial performance and strategic decision-making. Moreover, the revenue of MHDGsn has also witnessed a significant surge, growing by 6.744% to an impressive $3.84 million.

Muliang Viagoo Technology Inc

Muliang Viagoo Technology Inc Surpasses Expectations, Achieves Impressive Growth in Q2 2023 Despite Agricultural Industry Setbacks

Muliang Viagoo Technology Inc, also known as MHDG, has showcased remarkable growth in the second quarter of 2023, according to their financial report. The company saw a significant increase in income per share, which rose by 100% year-on-year to $0.02 per share. Additionally, their revenue soared by 25.143% to $1.49 million.
This outstanding performance is particularly noteworthy considering the challenges faced by other companies in the Agricultural Production industries. Many corporations in this sector are currently grappling with declining businesses and decreasing revenue. In contrast, MHDG not only maintained its earnings per share but also witnessed a 7.984% increase in revenue compared to the previous period, where revenue stood at $1.38 million.






 

Muliang Viagoo Technology Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com