SEGMENT REPORTING (Tables)

12 Months Ended

Jun. 30, 2012

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables present a summary of our businesses’ and operating segments’ results.

	For the Year Ended June 30,
	2012			2011			2010
Revenues from unaffiliated customers:
Jinong	$	88,168,740		$	65,629,264		$	45,816,377
Gufeng		121,480,943			107,081,018			-
Jintai		5,792,002			6,826,933			6,274,375
Yuxing		2,082,520			180,750			-
Consolidated	$	217,524,205		$	179,717,966		$	52,090,752
Operating income :
Jinong	$	43,636,915		$	34,051,094		$	25,160,683
Gufeng		18,211,687			15,288,871			-
Jintai		(1,863,529	)		(96,343	)		2,640,016
Yuxing		(352,996	)		(296,832	)		(181,313
Reconciling item (1)		-			-			-
Reconciling item (2)		(2,482,232	)		(3,230,124	)		(997,316	)
Reconciling item (2)--stock compensation		(3,224,835	)		(3,605,235	)		(1,695,449	)
Consolidated	$	53,925,010		$	42,111,431		$	24,926,621
Net income:
Jinong	$	37,363,672		$	29,139,457		$	21,502,252
Gufeng		12,335,102			10,995,984			-
Jintai		(1,863,235	)		(96,244	)		2,640,233
Yuxing		(170,996	)		(293,914	)		(181,304	)
Reconciling item (1)		347			4,178			21,342
Reconciling item (2)		(5,707,065	)		(6,835,360	)		(2,692,765	)
Consolidated	$	41,957,825		$	32,914,101		$	21,289,758
Depreciation and Amortization:
Jinong	$	2,347,530		$	2,686,524		$	2,299,483
Gufeng		2,878,037			2,711,483			-
Jintai		128,563			124,139			119,973
Yuxing		638,736			226,112			178,661
Consolidated	$	5,992,866		$	5,748,258		$	2,598,117
Interest expense:
Jinong	$	-		$	-		$	112,475
Gufeng		1,590,620			466,912			-
Reconciling item (2)		-			-
Consolidated	$	1,590,620		$	466,912		$	112,475
Capital Expenditure:
Jinong	$	7,935,098		$	6,492,775		$	4,243,089
Gufeng		-			8,229,092			-
Jintai		-			3,291			180,686
Yuxing		3,948,849			11,521,005			12,100,919
Consolidated	$	11,883,947		$	26,246,163		$	16,524,694
Identifiable assets:
Jinong	$	221,575,406		$	111,956,641		$	103,519,520
Gufeng		57,657,305			67,260,447			-
Jintai		6,670,058			14,001,793			12,198,845
Yuxing		1,851,745			24,354,406			12,748,003
Reconciling item (1)		280,445			969,963			3,311,943
Reconciling item (2)		(3,906	)		4,827,737			9,631
Consolidated	$	288,031,053		$	223,370,987		$	131,787,942

(1) Reconciling amounts refer to the unallocated assets or expenses of Green New Jersey.

(2) Reconciling amounts refer to the unallocated assets or expenses of the Parent Company.

Export [Member]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Revenues generated from exported products were less than 1% of the Company’s total fertilizer revenues in fiscal 2010, prior to the Company’s acquisition of Gufeng.

FY2012 Export Details

Export to	Subsidiary	Type	Amount ($)
India	Gufeng	40% humic acid organic/inorganic fertilizer		31,330,724
India	Jinong	Liquid Fertilizer		77,576
India	Jinong	Solid Fertilizer		60,538
Ghana	Jinong	Liquid Fertilizer		75,984
Total				31,544,822

F-21

FY2011 Export Details

Export to	Subsidiary	Type	Amount ($)
India	Gufeng	Blended Compound Fertilizer		40,835,834
India	Jinong	Liquid Fertilizer		42,581
India	Jinong	Solid Fertilizer		38,479
Ecuador	Jinong	Liquid Fertilizer		3,740
Surinam	Jinong	Liquid Fertilizer		1,159
Total				40,921,793