Planet Green Holdings Corp. Segments Disclosure
23. Segment Reporting
The Company follows ASC 280, Segment Reporting, which requires that companies disclose segment data based on how management makes the decision about allocating resources to segments and evaluating their performance. The Company’s management assesses performance and determines resource allocations based on several factors, the primary measure being income from operations.
The Company’s primary business segment and operations are Shandong Yunchu, Jingshan Sanhe, Anhui Ansheng, Jilin Chuangyuan, Xianning Bozhuang and Fast Approach. The Company’s consolidated operations and consolidated financial position from continuing operations are almost all attributable to Shandong Yunchu, Jingshan Sanhe, Anhui Ansheng, Jilin Chuangyuan, Xianning Bozhuang and Fast Approach. Accordingly, management believes that the consolidated balance sheets and statement of operations provide the relevant information to assess Shandong Yunchu, Jingshan Sanhe, Anhui Ansheng, Jilin Chuangyuan, Xianning Bozhuang and Fast Approach’s performance.
| Segment reporting | 12/31/2021 | 12/31/2020 | ||||||
| Fast Approach and Shanghai Shuning | $ | 387,145 | $ | 572,509 | ||||
| Xianning Bozhuang | 10,987,674 | 11,968,553 | ||||||
| Jingshan Sanhe | 6,069,282 | |||||||
| Anhui Ansheng | 17,298,525 | |||||||
| Jilin Chuangyuan | 16,386,168 | |||||||
| Jiayi Technologies (Xianning) Co., Ltd. | 12,378,147 | 6,563,580 | ||||||
| Shandong Yunchu | 4,094,723 | |||||||
| Planet Green Holdings Corporation | 16,413,420 | 853,486 | ||||||
| Lucky Sky Planet Green Holdings Co., Limited (H.K.). | 2,000,496 | 2,012,228 | ||||||
| Total Assets | $ | 86,015,580 | $ | 21,970,356 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2021 | Mar 31, 2022 | Showing above |
| 2020 | Mar 31, 2021 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.