Sino Agro Foods (SIAF) research, news, and more from GeoInvesting

Company description

Fri, 16 Oct 2009 04:00:00 GMT

Sino Agro Food, Inc. (“SIAF”) is an integrated, diversified agricultural technology and organic food company focused on developing, producing and distributing agricultural products in the Peoples Republic of China. The Company intends to focus on meeting the increasing demand of China’s rising middle class for gourmet and high-quality food items. Current lines of business include the manufacture and distribution of Bio-Organic Fertilizer and Stock-Feed, as well as, fisheries, dairies, and Hylocereus Undatus plantations. SIAF’s products are produced to meet the high organic quality standards of the United Kingdom. SIAF is owner of a patented process; the conversion of corn stalk into high quality feed for livestock and is the “Master Licensee” for China with exclusive right to a patented Bacterial used in converting food based agriculture produce wastes into nutritional feed products that are also applicable in the manufacturing of Bio-Organic fertilizer. The Company also holds the “Master License” for China on a modern re-circulating Aquaculture Technology “A Power RAS Technology” that has the capacity to commercially grow quality table fish and seafood free from chemical and pollution in enclosed modules on land in a system designed to promote economic sustainability and viability. Currently the Company has total employment of 520 persons of which 60 are skilled and experienced management staff.

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SIAF Investor Presentation

Comments & Business Outlook

Thu, 18 Apr 2013 04:00:00 GMT

2012 Annual Results

Revenues for fiscal 2012 were $138.6 million vs $51.9 in the prior year.
Diluted EPS for fiscal 2012 were$0.63 vs $0.39 in the prior year.

Sino Agro Food, Inc. (the "Company") continues on target toward its 5-year plan of a $500M asset base. In 2012, the Company saw record financial growth and significant operational expansion complemented by progress in corporate governance, international import export business, and the planned listing on NASDAQ-OMX

Comments & Business Outlook

Tue, 26 Mar 2013 04:00:00 GMT

GUANGZHOU, China, March 26, 2013 /PRNewswire/ -- Sino Agro Food, Inc. (OTC BB: SIAF), an emerging integrated, diversified agriculture technology and organic food company (the "Company") with principal operations located throughout the People's Republic of China ("PRC") is pleased to report highlights of its operations that will be discussed in greater detail in upcoming filings/reports.

In early 2010, the Company embarked upon a five-year plan to build and operate horizontally and vertically integrated facilities across the food production chain from pre-wholesale through retail, delivering high quality organic and sustainable food products at synergistically attractive net margins. The Company is on pace toward its planned $500M asset base. The Company now manages and is constructing nine (9) substantial fish and beef/cattle wholesale operations, with wholesale distribution and retail components expected to achieve greater prominence in 2013.

The Company looks forward to reporting next month on its revenue trajectory for 2012. Historically, the consulting and services sector was the principal revenue producer. Now, the pace of product sales is growing faster than overall revenue growth, accounting for approximately 60% and 64% of overall revenues in 2011 and 2012, respectively. Even with new farms being developed, revenues from food product sales are expected to increase to approximately 70%-75% of the total in 2013, and to approximately 85% in 2016.

The Company looks forward to reporting progress on these integrated fronts throughout the year.

The Company's progress toward applying to NASDAQ-OMX First North is moving forward. Any updates we are permitted to disclose throughout the process will be made public, once available.

In conjunction with the Company's growth, and with the broader audiences expected from the anticipated cross listing in Sweden, the Company is undertaking a new and extended communications approach. This includes new personnel that have been hired in the United States and in-house in China, as well as personnel in Sweden to be engaged in the near future.

The Company also heartily thanks Mr. Chad Sykes for his invaluable investor relation services during the Company's vital early growth period since 2009, and wishes him well in future endeavors. The Company highly values its need to readily communicate with shareholders, and appreciates the time necessary to create an effective venue.

Comments & Business Outlook

Tue, 05 Mar 2013 05:00:00 GMT

GUANGZHOU, China, March 5, 2013 /PRNewswire/ -- Sino Agro Food, Inc. (SIAF), an emerging integrated, diversified agriculture technology and organic food company (the "Company") with principal operations located throughout the People's Republic of China ("PRC") is pleased to report progress on company operations and developments.

Change in Financing Structure

In the past, SIAF has funded its many capital development projects with income from operations, grants from the Chinese government, and equity financing. As addressed later in this letter, in recent years, the company has achieved outstanding growth resulting in triple digit revenue growth and broadly advancing earnings per share.

For FY2012, management anticipates meeting or exceeding its annual guidance of US$.68 per basic share, which the Company attributes to its operational and financing growth strategies. The Company looks forward to reporting audited results in the coming weeks including Management's Discussion and Analysis along with detailed operational results for each segment of its business.

It has been the company's target to limit incremental financing as a percent of total capital expenditures to 10% - 15%. However, the company recognizes that in 2012 this funding required the issuance of more shares than it had anticipated, due to a low share price.

Management believes that further significant growth prospects remain ahead for the Company, and that the prospective listing in Sweden will open alternative means for financing beyond those used to date. The Company has begun investigation into these possibilities. These include raising credit lines at the subsidiary level, debt financing or hybrid debt/equity financing at the parent level, and private placement or registration of shares at a price calculated within fair values of our current Net Tangible Assets.

While equity financing remains a viable engine to fund growth over and above capital developments financed by income from operations, Management will pursue any and all financing alternatives on an opportunistic basis, striving to employ methods most accretive to its fiscal health and bottom-line.

Update on First North Listing

The Company is in the process of cross listing to the NASDAQ-OMX First North Stockholm (FN) exchange in Sweden subject to final legal due diligence, multiple third party participation and review, and application approval.

The process is moving along well, with every indication of a successful listing; however, it is not plausible to project a number of days until cross listing. What the Company can and will do is inform shareholders whenever concrete information toward cross listing is available, and a time certain once all parameters have been met and the green light is received to move forward, and/or a date certain is established.

Since the last update, some professional third parties involved in the process have commented about ensuring adequate time to complete their trusted responsibilities. FN typically requires eight (8) trading days to review the Company Description, and approval may or may not be subject to further comments or questions requiring additional time.

For those interested in on-going updates to this process and other company communication, please register for investor alerts:

Regular Dividend News

Wed, 19 Sep 2012 04:00:00 GMT

GUANGZHOU, China, Sept. 19, 2012 /PRNewswire/ -- Sino Agro Food, Inc. (OTCBB: SIAF), an emerging integrated, diversified agriculture technology and organic food company with principal operations located throughout the People's Republic of China ("PRC"), announced today that it has adopted an alternative means of verifying ownership of its common stock for purposes of distributing its declared dividend made on August 22, 2012, removing the requirement for the Company's stockholders to register for dividend payment by submitting "Statement of Ownership" forms.

All other matters related to the dividend remain in effect. That is, as stated in its August 22, 2012 press release, "The Company's Board of Directors has fixed September 28, 2012 as the record date (the "Record Date") in determining which stockholders are entitled to receive the dividend. The Company's common stockholders of record as of the close of business on the "Record Date shall be entitled to receive a dividend consisting of one (1) share of restricted Series F Non-Convertible Preferred Stock ("Series F") for every 100 shares of common stock owned by the stockholder as of the Record Date, with lesser or greater amounts being rounded up to the nearest 100 shares of common stock for purposes of the computing the dividend."

The Series F stock carries with it a cash coupon, which shall be redeemed on May 30, 2014 ("Coupon Redemption Date") and thereafter until Redemption (as defined below) occurs. Upon the Coupon Redemption Date, holders of the Series F stock shall be entitled to a lump-sum cash payment directly from the Company (or one or more of its authorized agents) equal to $3.40 for every one (1) share of Series F stock held ("Redemption"). Upon proper Redemption, the Series F stock shall terminate and thereafter cease to exist."

The new means of verifying common stock ownership does not require any action on the part of stockholders, their nominees, brokers, banks, etc.

Each stockholder or designated nominee will be receiving a letter/statement verifying the amount of Series F shares being credited to their accounts. These shares will be recorded in book-entry form (non-trading/non-transferable) with the Company and its Transfer Agent, and shall be redeemed for cash in the manner described above.

Even though these Series F shares will not be reflected on your monthly or annual financial statements, those accounts to which Series F shares have been assigned will automatically receive a cash distribution equal to $3.40 for every one (1) share of Series F stock on the Redemption date.

There is no action required to be taken by the stockholders. The Company and its Transfer Agent will oversee and administer all matters related to determining the stockholders of record on the September 28, 2012 Record Date, their respective distribution of Series F shares to all applicable accounts, and the subsequent Redemption of those shares for cash on May 30, 2014.

Acquisition Activity

Tue, 04 Sep 2012 04:00:00 GMT

GUANGZHOU, China, August 30th, 2012 — Sino Agro Food, Inc. (OTCBB: SIAF.OB), an emerging integrated, diversified agriculture technology and organic food company with its principal operations located throughout the Peoples Republic of China (“PRC”), is pleased to announce it has acquired new technologies in feedstock manufacturing, fish feed and "sleepy cod" breeding techniques.

Investor Presentations

Tue, 04 Sep 2012 04:00:00 GMT

On August 30, 2012, Sino Agro Food, Inc. (the “Company”) issued a press release regarding the Company’s livestock and fishery operations. The press release contained a link to a corporate presentation relating to, among other items, its financial results for the second quarter of 2012.

Regular Dividend News

Wed, 22 Aug 2012 04:00:00 GMT

GUANGZHOU, China, Aug. 22, 2012 /PRNewswire/ -- Sino Agro Food, Inc. (OTCBB: SIAF.OB), an emerging integrated, diversified agriculture technology and organic food company with principal operations located throughout the Peoples Republic China ("PRC"), announced today that, after proper notice made to the Financial Industry Regulatory Authority ("FINRA"), the Company declared an additional dividend on its common stock pursuant to the Company's Annual Dividend Policy consistent and in accordance with certain statements made by the Company over the past several months.

The Company's Board of Directors has fixed September 28, 2012 as the record date (the "Record Date") in determining which stockholders are entitled to receive the dividend. The Company's common stockholders of record as of the close of business on the "Record Date shall be entitled to receive a dividend consisting of one (1) share of restricted Series F Non-Convertible Preferred Stock ("Series F") for every 100 shares of common stock owned by the stockholder as of the Record Date, with lesser or greater amounts being rounded up to the nearest 100 shares of common stock for purposes of the computing the dividend.

In order for stockholders shareholders of record as of the close of business on the Record Date to receive the dividend, a Statement of Ownership form must be filled out and mailed to the Company, postmarked no later than December 31, 2012.

This Statement of Ownership form must contain the name, address, and taxpayer identification number of the stockholder. The taxpayer identification number (TIN), consisting of a valid Social Security number (SSN) for individuals, or employer identification number (EIN) for business entities, trusts, estates, etc., and the stockholder's telephone number may be used in verifying ownership and is required to be provided. Non-USA residents can submit a copy of their passport's identification page in lieu of TIN.

For shares held in certificate form you must provide the quantity of shares and the stock certificate number for each certificate held. Certificate numbers are not required for shares held in "street name" through brokerage or bank accounts. A stockholder must sign the Statement of Ownership form in the space provided in order to deposit a valid claim. Please also provide your brokerage statement for September 2012 or a letter from your bank, broker, or other nominee indicating the quantity of shares held as of September 28, 2012, if you did not hold shares in certificate form. If you held shares in certificate form, please provide confirmation from the transfer agent of record.

Comments & Business Outlook

Mon, 21 May 2012 04:00:00 GMT

financial results for the 1st Quarter of 2012.

Consolidated Financial Summary:


	Q1 2012	Q1 2011	Change
Revenue	$15,980,016	$3,121,531	411.93%
Gross Profit	$8,013,592	$1,930,916	315.02%
Net Income Continued Op's	$5,632,769	$910,913	518.37%
Basic EPS Continued Op's	$0.08	$0.02	300.00%
Diluted EPS Continued Op's	$0.07	$0.01	600.00%

GeoTeam® Note: 2012 vs. 2011 First Quarter Adjusted EPS was $0.08 vs. $0.01.

Revenue including continued and discontinued operations increased by $12,858,485, or 411.93%, to $15,980,016 for the three months ended March 31, 2012 from $3,121,531 for the three months ended March 31, 2011. The increase was primarily due to the natural growth of revenue generated from the fishery, cattle farm, beef and the maturity of ongoing divisional businesses improving their revenues.

Comments & Business Outlook

Sun, 20 May 2012 04:00:00 GMT

Year End results announced on February 14, 2012Sino Agro Food, Inc. (OTCBB: SIAF.OB), an emerging integrated, diversified agriculture technology and organic food company with principal operations located throughout the Peoples Republic of China (“PRC”), is pleased to announce financial results for the fiscal year ended December 31, 2011:

Financial Summary:

	2011	2010	Change
Revenue	$51,879,903	$40,551,066	27.94%
Gross Profit	$24,928,029	$22,453,425	11.02%
Net Income	$25,894,983	$12,697,080	103.94%
Basic EPS	$0.43	$0.16	168.75%
Diluted EPS	$0.39	$0.14	178.57%
*Adjusted Diluted EPS	$0.43	$0.17	152.94%

GeoTeam® Note: We believe that management could have provided a more relevant presentation of 2011 and 2010 adjusted EPS numbers. The company only adjusted numbers for currency translation issues, but failed to take into account stock compensation expenses and bad debt gains or losses.

	2011	2010


Cash flows from operating activities
Net income (loss) from continuing operations	$ 21,062,278	$ ( 1,579,184)

Adjustments to reconcile net income (loss) from continuing operations to net cash from operations:
Depreciation	220,810	720,214
Amortization	1,043,181	453,625
(Gain) loss on extinguishment of debts	(987,518)	6,077,230
Common stock issued for services	2,139,057	530,809

Furthermore, the relevant adjusted numbers should omit the sales of one of its subsidiaries that took place in 2011.

Our adjusted numbers: 2011vs. 2010

Year End Adjusted EPS: $0.28 vs. $0.05
Fourth Quarter Adjusted EPS: $0.13 vs. $0.00

Please note that the SAIF does not pay any taxes.

Mr. Solomon Lee, Chief Executive Officer of the Company, stated, "The Company reorganized its business activities in 2011 by disposing its equity interest in its Dairy operations and stepping up the development of its fishery and beef operations dedicating efforts in quality and productivity. Results of the Company’s 2011 performance confirmed our management’s belief that the business environment and fundamentals of the dairy industry in China was not heading in the right direction. The dairy industry in China will take quite certain times before it would be able to regain the confidence of the local consumer markets (if ever). In this respect and during 2011, locally produced milk products were losing much ground against the imports, as such none of the biggest three dairy product manufacturers in China have been able to regain their sales revenues set in 2009, and overall average wholesale prices of fresh liquid milk in 2011 was lower by over 10% compared to 2010."

Conference Call Notes

Thu, 03 May 2012 04:00:00 GMT

Welcome to Sino Agro Food, Inc.’s Annual Financial Results Conference Call for the fiscal year ended 2011. During this call, Mr. Solomon Lee, the Chief Executive Officer and Chairman for Sino Agro Food, will provide shareholders with an overview of results from operations in 2011 and guidance for 2012. Following comments by our CEO, the lines will be open for a question and answer session.

Investor Presentations

Thu, 19 Apr 2012 04:00:00 GMT

2011 annual report investor presentation

Comments & Business Outlook

Wed, 28 Mar 2012 04:00:00 GMT

GUANGZHOU, China--(BUSINESS WIRE)--Sino Agro Food, Inc. (OTCBB: SIAF.OB), an emerging integrated, diversified agriculture technology and organic food company with principal operations located throughout the Peoples Republic of China (“PRC”), is pleased to announce that our wholly-owned subsidiary company, Macau Eiji Company Limited, has been awarded a sales contract (the “Contract”) to supply its aromatic beef to a Chinese party engaged in the purchase and sale of cattle throughout the PRC. Based on internal analysis, the Company believes that revenues generated from this Contract could potentially be worth as much as approximately US $18 million, subject to future market cattle prices and demand.

The Contract calls for the delivery of 4,000 head of cattle of Simmental and Charolais breeds. The cattle will weigh between 600kg to 750kg with meat content at 52% or more of DWT (deadweight tonnage) at time of delivery. The first 1,000 head of cattle are to be delivered by December 31, 2012 with the remaining 3,000 head delivered through fiscal year 2013.

Wholesale prices for live cattle are currently averaging $3.94-$4.73/Kg depending on locality (i.e. North or South China). Based on current demand and the above-quoted wholesale prices, the Company believes it could realize revenues of approximately $4.1M - $4.7M USD during Fiscal Year 2012 from the Contract. Barring a downturn in demand and prices, the Company believes it could realize revenues of approximately $12.3M - $14.1M USD during Fiscal Year 2013.

Mr. Solomon Lee, Chief Executive Officer of the Company, stated, "Over the past several months, beef prices have been rising sharply in China. Two months ago the wholesale price for live cattle was between $2.50 and $3.15 per kilogram. Today's prices have risen to an average of approximately USD $3.94-$4.73 per kilogram. We expect this trend to continue and we believe that we could see prices as high as USD $5.92 per kilogram by the end of Fiscal Year 2012. With the rapid rise of the middle class and improved living standards, beef markets in China are accelerating due to a greater demand for beef, especially higher quality grades. Our Aromatic Beef technology provides consumers with a product that meets these demands. We look forward to potentially announcing more beef contracts in the future as we attempt to expand our operations in 2012 with the development of more cattle farms, currently targeting the districts of Enping City and Hunan Linli, and abattoir and boning facilities on a 33,000 m2 block of land adjacent to our Xining SanJiang A-Power’s property, that is expected to be acquired this year. The Company currently has three beef cattle farms in operation located throughout China.”

Comments & Business Outlook

Thu, 01 Mar 2012 05:00:00 GMT

Item 1.01 Entry into a Material Definitive Agreement.

The following discussion provides only a brief description of the Agreement described below. The discussion is qualified in its entirety by the full text of the Agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated by reference herein.

On February 29, 2012, Sino Agro Food, Inc., a Nevada corporation (the “Company”), announced that the Company’s wholly-owned subsidiary company, Capital Award, Inc., has been awarded and entered into a two-phase service and consulting contract (the “Contract” or “Agreement”) with Mr. Liu Gang, a PRC national and businessman including those interests he represents, (“Liu Gang, et al”) to develop a second prawn farm located in San Jiao Town, Zhong Shan City, Guangdong Province, PRC, utilizing Sino Agro Food’s A-Power Module Technology Systems (or “APM”). The Agreement was formally executed by the parties on November 18, 2011.

The Agreement calls for the development and construction of a prawn hatchery and nursery station on a six acre block of land. The facility is projected to develop some 2.8 billion prawn fingerlings in its first year of operation.

The project is divided into two phases with Phase One already approved and underway. Phase One construction has commenced with an anticipated completion date of approximately early April 2012. Construction under Phase One includes infrastructure development, utilities, staff quarters, offices, prawn hatchery and nursery construction. Phase Two of the project, which requires some additional approvals, includes the development and construction of a prawn grow-out farm consisting of 16 APM indoor units and the conversion of twelve acres of outdoor ponds for use with the APM technology. Phase Two construction is expected to commence sometime in Mid-2012 and it is anticipated that construction could be completed as early as by the end of fiscal year 2012.

Up-Listing Watch

Sat, 07 Jan 2012 05:00:00 GMT

Sino Agro Food, Inc. (OTCBB: SIAF.OB), a Nevada corporation and agriculture technology and organic food company with principal operations located throughout the Peoples Republic China (“PRC”), announced that its common stock has been accepted for quotation and has begun trading on the Over-the-Counter Bulletin Board (“OTCBB”) under the ticker symbol "SIAF" or "SIAF.OB".

Comments & Business Outlook

Mon, 19 Dec 2011 05:00:00 GMT

GUANGZHOU, China--(BUSINESS WIRE)--Sino Agro Food, Inc. (OTCQB: SIAF.PK), an emerging integrated, diversified agriculture technology and organic food company with principal operations located throughout the Peoples Republic China (“PRC”), is pleased to announce that our subsidiary company, Enping A Power Fishery Development Co. Ltd. ("EAPF"), has executed a contract with Guangzhou Jinyang Aquaculture Co. Ltd. ("GJAC"), one of the most modern and technology driven aquaculture companies in the Guangdong Province PRC.

GJAC specializes in nursery services and breeding of a number of high quality table fish such as Puff fish, Murray and Sleepy Cod. The Company operates over 164 acres of fisheries in the Pun Yu District of GuangZhou, PRC.

The contract between GJAC and EAPF is for the supply of 500,000 sleepy cod ranging from 150g - 300g in 2012 and 800,000 sleepy cod in 2013. The contract also includes the supply of 250 tons of bait fish in 2012 and 500 tons in 2013.

Mr. Solomon Lee, Chief Executive Officer of the Company, stated, "With these supplies and additional supplies from alternative sources, we anticipate that Enping A Power Fishery will be able to produce a minimum of 500 Tons and 1,000 Tons of sleepy cods at minimum marketable weights of 500g /fish in year 2012 and 2013, respectively, thus eliminating part of the growing risk involved in the growing from baby fingerling to 300g per fish. The supplies are based on a fixed cost such that it will also eliminate the variation of the fish supply cost due to seasonal factors. Based on current wholesale prices, Enping A Power Fishery is targeting and projecting US$13.5 million and $27 million of fish sales for 2012 and 2013."

Conference Call Notes

Sun, 11 Dec 2011 05:00:00 GMT

On November 22, 2011, the Registrant held its quarterly conference call to discuss 3rd Quarter Financial Results. Mr. Solomon Lee, the Company’s Chairman and Chief Executive Officer, was available and engaged in a question-and-answer session during the conference call.

Question and answers during the conference call dated 22 November 2011

1.	Can you explain the transaction between SIAF and Ironridge?

The Company, upon much due diligence and careful analysis, found that Ironridge Global IV (a financial institution) was able to provide the necessary funding to assist the Company in meeting the ever-growing financial demands required pursuant to our short and long-term our developmental goals. The primary purpose of the transaction between Ironridge and SIAF is for Ironridge to satisfy some outstanding corporate debt from certain creditors, and in consideration for the debt satisfaction to be accomplished on our behalf, the Company issued Ironridge a certain amount of shares of common stock held in the Company treasury and already issued and outstanding, therefore having arguably little-to-no direct dilutive effect on current shareholders and our market price.

2.	What is the reason behind the transaction?

Our Creditors (those referenced in No. 1 above) are loyal, close and friendly parties to the Company. Our working relationship depends on certain payback requirements, much like a line-of-credit an individual may have with their bank. The transaction with Ironridge facilitates our ability to meet the repayment obligations to those creditors all the while maintaining and conserving our current levels of cash-on-hand for Company projects and expansion.

3.	Why was the payment done by issuing shares instead of paying in cash?

We emphasize that the transaction with Ironridge currently does not involve an issuance of any new number of shares of common stock to the marketplace. Rather, we believe that there was a zero-sum and little-to-no dilutive effect with an equal number of shares in treasury retired in exchange for shares distributed to Ironridge.

The reason for the exchange was precisely to acquire the cash needed to pay-down the debt sums due our Creditors. Had we had the expendable cash-on-hand, the spending of which would not detract from Company operations and projects, there would not have been any need for outside financing.

4.	What is the total amount due to Ironridge?

There is no current payable outstanding with Ironridge as a result of this transaction. The arrangement with Ironridge is that adequate shares be allocated to cover the total cost of financing (our debt satisfaction as described earlier). In this instance, the exact number of shares to be given to Ironridge will depend on the market performances of our stock during the next few months. For instance, if our market price is trading at US$1.00 or $1.50, the number of shares given will be calculated based on unit price of $0.80 or $1.20 / shares respectively, however, if our market price is performing around $0.40 cents per share, the corresponding calculation will be based on a unit price of $0.32 /shares. In other words, the higher the market price of our shares, the lower the number of shares which shall be issued to Ironridge and vice-versa.

The total number of shares retained by Ironridge, of the 6.9M shares issued from stock held from our inventory in treasury, serves as a security block until financing is completed and the final number of shares to be retained by Ironridge is calculated and determined.

5.	Why is there a lawsuit involved?

The lawsuit involved was merely a formality and a requisite proceeding in accordance with US securities laws as further described herein. The issuance of the securities to Ironridge was made upon the exemption from the registration requirements of the Securities Act, pursuant to Securities Act Section 3(a)(10) as an issuance of securities in exchange for bona fide outstanding claims, where the terms and conditions of such issuance must be approved by a court after a hearing upon the fairness of such terms and conditions.

In this regard, the Ironridge issuance was approved by a court of competent jurisdiction and the shares were issued pursuant to an Order Approving Stipulation for Settlement of Claims between the Company and Ironridge entered by the Superior Court for the State of California, County of Los Angeles, West District (Case No. SC114815) on November 10, 2011.

6.	Will this transaction be dilutive?

No, as explained earlier. We emphasize that the transaction with Ironridge currently does not involve an issuance of any new number of shares of common stock to the marketplace. Rather, we believe that there was a zero-sum and little-to-no dilutive effect with an equal number of shares in treasury retired in exchange for shares distributed to Ironridge.

Sweden Presentation

7.	In Sweden you stated that it was your intention not to issue Company stock below $1.50 per share. Why is this statement not being met?

We believe this transaction to be in the best possible interests of the Company and its shareholders. This transaction is not a strict issuance of stock for cash, but an agreement to forever extinguish a large amount Company debt and balance sheet liabilities upon terms that we believe are very reasonable in the long-term.

In addition, while we make every effort to attain our objectives and honor all forward–looking statements made, our Company is still subject to extenuating circumstances and the break-neck pace of a global market and factors in that regard well beyond our control. Currently, such circumstances affecting all public companies and securities markets around the world are the eroding confidence of the investment public and the fiscal policy failures of sovereign states, particularly in Europe. These are just a few examples of external issues affecting all public companies and securities markets from a macro perspective.

Our Company has maintained its objective to issue our shares at US$1.50/share for quite some time, but neither our Company nor any company similarly situated can sustain such objective if general market conditions do not allow it. Despite this, we are of the opinion that our common stock price is currently maintaining better than average through this current fiscal quarter.

8.	Have the projections changed since the Sweden presentation?

Currently, we believe that we have been performing within target to date, and shall endeavor to perform to the best of our ability and capacity as long as the overall global markets and China’s economic conditions are stable and favorable to us.

General Questions

9.	If you spin out your subsidiaries, will you ensure that the current shareholders will own shares directly in the subsidiaries?

Not only will we take every step to ensure this, however please be advised that, pursuant to State and Federal law, you are legally entitled.

10.	Why not list SIAF in its entirety on a different exchange instead of spinning out the subsidiaries?

Our analysis shows that collectively we may be able to attain a 2:1 benefit by having the subsidiaries spun out versus doing a cross listing of SIAF on another exchange. The difference mainly will be due to the market being able to evaluate each subsidiary on its own merit rather than having the quality of each venture somewhat lost in the shuffle.

	FY 2009	FY 2010	Thru Q3, 2011	Projected FY 2011
NTA ($US)	71.93 M	90.41 M	121.66M
NTA / share ($US)	1.36	1.67	2.04
Increase of NTA / share ($US)		0.31 / shares	0.37 / shares
Annual NTA growth rate		22.8%		25.5%
Revenue ($US)	21.73 M	40.551M	30.53 M
EPS (based on Continuing operations only) ($US)	0.13	0.16	0.17	0.27 / 0.29
Annual EPS growth rate ($US)		23%		68.75%
Weighted average of total Issued & Outstanding Shares	52.89 M	54.22 M	59.54 M
Change in Equity Position		2.46%		8.95%
Debt to Equity Ratio	14.28%	6.23%		19%

Looking at the share price today as an example, does anyone here honestly think that SIAF, or any one of its profit centers, for that matter, reflect a market price of only US $0.50 per share? This way, by spinning off the subsidiaries, each will be evaluated on their own credentials rather than on the market-manipulation of SIAF shares that continues to occur.

11.	Where is the additional dividend for 2011? Are you planning on carrying through?

The additional 2011 dividend is currently being planned and we anticipate it to be announced conditional upon legal clearance and FINRA approval.

Concluding summary:

In all aspects of the Company’s financials performances:

We believe the Company has sound fundamentals with good balanced performances.

The table above provides a synopsis of our most recent 3-year financial performance:

Upon analysis of the above statistics, we believe that the Company has managed exceptionally well in respect of its responsibility to its shareholders having achieved good growth rate in NTA/share (projected, 25% for 2011) and EPS (projected, 68.75% for 2011), while capping the increase of its total issued and outstanding shares at less than 9% this year, and maintaining its debt/equity ratio below 20%.

Resolution of Legal Issues

Tue, 22 Nov 2011 05:00:00 GMT

On November 15, 2011, Sino Agro Food, Inc. (the “Company”) issued approximately Six Million, Nine Hundred Seventy Five Thousand (6,975,000) shares of the Company’s common stock, par value $0.001, subject to adjustment as described below (the “Ironridge Shares”) to Ironridge Global IV, Ltd. (“Ironridge”), in settlement of $3,021,505.65 in accounts payable of the Company (the “Claim Amount”), plus attorney fees and costs. The issuance is exempt from the registration requirements of the Securities Act, pursuant to Securities Act Section 3(a)(10) as an issuance of securities in exchange for bona fide outstanding claims, where the terms and conditions of such issuance are approved by a court after a hearing upon the fairness of such terms and conditions.

The Ironridge Shares were issued pursuant to an Order Approving Stipulation for Settlement of Claims (the “Order”) between the Company and Ironridge entered by the Superior Court for the State of California, County of Los Angeles, West District (Case No. SC114815) on November 10, 2011, in settlement of bona fide accounts payable of the Company purchased by Ironridge from creditors of the Company in the aggregate amount equal to the Claim Amount, plus fees and costs.

Comments & Business Outlook

Thu, 17 Nov 2011 05:00:00 GMT

Third Quarter 2011 Results

Revenue including continued and discontinued operations increased by $5,517,298 or 36.34% to $20,700,466 for the three months ended September 30, 2011 from $15,183,168 for the three months ended September 30, 2010.
For the three months ended September 30, 2011 and 2010, diluted earnings per share from continuing operations attributable to Sino Agro Food, Inc. and subsidiaries common stockholders amount to $0.10 and $0.05, respectively.

Up-Listing Watch

Mon, 31 Oct 2011 04:00:00 GMT

GUANGZHOU, China--(BUSINESS WIRE)--Sino Agro Food, Inc. (OTCQB: SIAF.PK), an emerging integrated, diversified agriculture technology and organic food company with principal operations located throughout the Peoples Republic China, is pleased to announce that the Company has taken steps to apply for quotation on the Over the Counter Bulletin Board (“OTCBB”). In addition, the Company has enrolled in Standard and Poor's (“S&P”) prestigious Market Access Program and Stock Report Coverage and Compliance Program, in an effort to increase communications with the investment community.

The Company is currently in talks to secure sponsorship to seek quotation on the OTCBB. The OTCBB is an SEC and FINRA regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. Generally, all issuers that quote on the OTCBB must be SEC registered Exchange Act reporting issuers. An OTC equity security generally is any equity that is not listed or traded on NASDAQ® or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs).

Comments & Business Outlook

Mon, 24 Oct 2011 04:00:00 GMT

GUANGZHOU, China--(BUSINESS WIRE)--Sino Agro Food, Inc. (OTC Markets: SIAF.PK), an emerging integrated, diversified agriculture technology and organic food company with subsidiaries operating in the Peoples Republic of China, deems it prudent and in the best interests of its shareholders to provide the marketplace with a discussion and clarification with regards to the Company’s filings with the State Administration for Industry & Commerce (SAIC) in the Peoples Republic of China.

Management has recently been made aware that the Company may become the target of a negative campaign based on the premise that the Company’s SAIC filings do not correlate with the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”). In accordance with Company policy to protect its shareholder interests, we feel it necessary to preempt these sub-par analyses interwoven with charges of non-compliance made against the Company.

To substantiate facts, the Company is pulling its SAIC filings and will make them publicly available to shareholders, upon request. Reasons for discrepancies between SAIC filings and SEC filings are numerous; however, this release addresses the most material and important of reasons.

The Company's main office in the Guangzhou Province is registered as a representative office, and is not, according to PRC law, required to submit annual financial statements to the SAIC, although we are required to file financial statements related to our Guangzhou office’s Chinese related expenses with the State Administration of Taxation (“SAT”). Therefore, no comprehensive organizational or consolidated financial statements are ever filed with the SAT, or with the SAIC, and as a result, the SAIC reports do not contain the level of detail or updated financial statements that are contained in our audited and non-audited consolidated US SEC financial reports.

In addition, many of the Company’s subsidiaries only very recently have been approved as sino joint venture companies, and subsequently no filings have been made for these subsidiaries with the SAIC or SAT. However, all revenue-generating subsidiaries have completed paid in capital requirements for formation and operation. These actions have been appropriately documented in the Company's filings with the SEC.

The Company acknowledges discrepancies in its SAIC filings dated January 13th, 2010 regarding SanJiang A Power (“SJAP”) in Xining, China. For this particular reported period, there were many sales tax exemption coupons, construction tax exemption coupons, development tax exemptions as well as government incentive grant coupons that had not been fully processed at the time of filing with the SAIC. To avoid taxation complications, and because the SAIC is not a per se regulatory agency like the SEC, SJAP filed this financial report mainly for the purpose of establishing company operations. Another of the Company's subsidiaries has similar discrepancies due to tax exemption status as an agriculture Company.

With respect to our 2011 reports to be filed with the SAIC, our subsidiaries’ tax exemptions and allowances for differences between U.S. GAAP and China’s Accounting Standards for Business Enterprises (ASBEs) will be current and incorporated, and will more closely resemble those filed with the SEC. The Company acknowledges the concerns over these discrepancies, and will work diligently to ensure complete financial accuracy and congruity between such financial statements and the financial statements contained in our audited and non-audited SEC filings.

Mr. Solomon Lee, Chief Executive Officer of the Company, stated, "I want to personally assure our shareholders that everything is in order with our filings with SAIC and that there are reasonable explanations as to why they may not currently match our filings with the SEC. We have identified the site that intends to release this information and for now will give them a chance to get the facts correct before publishing false information. Neither myself, nor our investor relations team has been contacted regarding this matter by any of these outside parties who may be responsible for future false reports in this vein. We find it extremely unprofessional and reckless, that such a website that proclaims to pride itself on providing investors information, would release such false and defamatory information to the public without first contacting the Company to check facts. It is a disservice to our shareholders and the general investment public, and may be part of an agenda unrelated to providing investors information."

Up-Listing Watch

Wed, 21 Sep 2011 04:00:00 GMT

GUANGZHOU, China--(BUSINESS WIRE)--Sino Agro Food, Inc. (Pink Sheet: SIAF), an emerging integrated, diversified agriculture technology and organic food company with subsidiaries operating in the People’s Republic of China, is pleased to announce that it received notification yesterday, September 20, 2011, from the U.S. Securities and Exchange Commission (“SEC”) stating that the SEC had no further comments with regard to the Company’s Form 10 registration statement, effectively clearing comments with the SEC. This clearance renders Sino Agro Food, Inc. a fully reporting Company pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended. The Company is now eligible, pending additional corporate measures and market pricing, to seek listing on a senior exchange.

Due to recent events and scheduling conflicts, the Company will host its previously announced conference call in mid-October 2011. On or before September 30, 2011, the Company expects to release a video presentation providing an up-close look into Company operations, growth and prospects. In the near future, the Company is expecting to further update shareholders on both the previously announced dividend as well as provide guidance and pertinent information for the remainder of the 2011 fiscal year.

Over the course of the next few months, the Company intends to launch a renewed investor relations campaign, which is intended to encompass a website renovation, incorporating social media, and commencement of a road show campaign.

Mr. Solomon Lee, Chief Executive Officer of the Company, commented with regard to the SEC clearance, “Our entire Organization is extremely proud of this monumental achievement. I am delighted to share this momentous news with our shareholders today. We’ve reached a major milestone, but there is much more work to be done. Our next step is to begin preparing the Company in anticipation of our application to list on a senior exchange. I am greatly looking forward to speaking with shareholders this October about our growth, operations and future prospects. I want to thank all of our shareholders for their patience, faith and loyalty during this period.”

Comments & Business Outlook

Mon, 22 Aug 2011 04:00:00 GMT

Second Quarter 2011 Reuslts

Revenues including continued and discontinued operations increased by $444,313 or 4.74% to $9,826,901 for the six months ended June 30, 2011 from $9,382,588 for the six months ended June 30, 2010. The increase was primarily due to the increase of revenue generated from the fishery, HU plantation, cattle farm, beef and the maturity of other sectors’ businesses improving their revenues even though the Company discontinued its dairy segment in January 2011. The Company earned revenue $0 for the six months ended June 30, 2011 from discontinued dairy operations as compared with revenue $8,687,057 for the six months ended June 30, 2010 from discontinued dairy operations.
Net income (loss) from continuing operations attributable to the Sino Agro Food, Inc. and subsidiaries was $3.0 million in second quarter 2011 vs ($2.1) million in 2010. EPS was $0.05 vs ($0.09)

Plantation Harvest

As of June 30^th, 2011, HST harvested just less than 15 million pieces of flowers which is a performance far superior to the 2010 season when HST had no harvest during June 2010 due to heavy rains and flooding. Out of which HST has sold over 6.5 million pieces of fresh flowers at an average of RMB0.55 per piece against the production cost of RMB0.18 per piece and has dried over 79.784 tons of dried flowers at production cost of around RMB13.63 per Kg with latest wholesale prices averaging RMB43 per Kg.

HST is expecting a harvest of 60 to 75 million pieces by the end of October 2011. As such HST will be able to retain a reasonable amount of dried stocks to be sold in 2012 in order to even out its yearly sales.

Fishery Operations

By July 15^th 2011, we have two fish farms in operation.

The Enping APM fish farm is now in full operational order stocking currently over 165,000 (Sleepy Cod) fingerlings measuring from 60mm up to 120mm sized fingerlings. This farm has a total of 16 grow-out tanks, and it is anticipating that for the remainder of 2011, each tank would have a grow-out capacity to gain up to 100 Kg of net fish weight per day per tank. In this respect, we intended to arrange by August 2011 all 165,000 fingerlings to be kept in no more than 8 tanks. The remaining 8 tanks will be used to keep and grow out fish from new stock that will be of larger size (i.e. from 300 gm sized fish and upward) in order that revenues will be generated more quickly. The reason we could not house much bigger fish in quantity earlier on, is that bacteria in the Bio-filters required time to grow to a respectable quantity in order that enough soluble waste will be consumed to maintain the water quality of the tank. Based on this arrangement, we are expecting up to 250 tons of fish sales to be generated on or before December 31^st, 2011.

The Company contracted 600 Mu (about 100 acres) of open dam fish farming in April 2011 with a local fish grower to grow up to 600,000 fish for and on behalf of CA between 2011 and 2012. We have stocked these dams with over 600,000 fingerlings ranging from 40mm up to 120mm, and fish ranging from 200 gram up to 350 gram. The grow-out of these fish is based on a fixed cost basis in that the grower is responsible for the mortality factor such that we are guaranteed to have a minimum of 300 tons of fish for sales within the contracted period. In this respect we are anticipating that there will be a minimum of 100 tons of fish sales to be generated from these dams on or before the year end of 2011.

Livestock, Feedstock and Fertilizer Operations

As of June 30, 2011 there was 14,575.4 Tons of fertilizer manufactured at cost of average of RMB406.92 per Ton and sales of 13,402.44 Tons at an average sale price of RMB948.99 per Ton.

There was 226.89 Tons of live-stock feed manufactured at cost of RMB426.86 per Ton which was mainly used in-house to feed its own cattle at an internal sales price averaging RMB669.85 per Ton.

As of July 15^th, 2011, Qinghai SanJiang A Power Agriculture Co. Ltd. is housing over 860 head of young cattle.

Comments & Business Outlook

Thu, 07 Jul 2011 04:00:00 GMT

The Company currently has two joint venture projects underway, Enping City Bi Tao A Power Prawn Culture Development Co. Ltd., and Enping City Bi Tao A Power Fishery Development Co. Ltd., both of which the Company holds a 25% equity stake in. Both facilities use the Company’s A Power technology.

Enping City Bi Tao A Power Prawn Culture Development Co. Ltd.

On February 11, 2011, an AP Technology Consulting Services Agreement between Capital Award, Inc., a wholly owned subsidiary of Sino Agro Food, Inc., and a group of Chinese businessmen, was executed to begin the development and construction of a prawn farm in Enping District, Guangdong Province, China. On May 23rd, 2011, local authorities approved the engineering and building plans, construction commenced shortly thereafter. To date, all earth works have been completed, perimeter fencing installed and a new electrical substation brought online. It is anticipated that phase one construction will be completed on or before September 30th, 2011. Phase one production is expected to produce some 500 Tons per year. There are four stages of development planned with total annual production expected to reach 2,000 tons of quality seafood and prawns per mid-year of 2013.

This new and modern aquaculture system technology pioneered by Capital Award Inc. to grow prawns indoor and on land under controlled environment, based on water re-circulation and recycling methods similar to our A Power Fish farm is to the best of management’s knowledge, the first of its kind in the world. The grow-out systems and tanks are modular in design and have the following features:

• Solid waste separator and filters to collect all solid waste from the water.

• Gravitation channels for the moving and grading of prawns between tanks.

• Sand based multi-purpose filtration systems for the habitation of prawns.

• Un-soluble waste bio-filters to absolve all un-soluble waste.

• Fine screen separators to keep the fingerlings in the tanks.

• Disinfection and antiseptic compartments.

• Diseases eliminator compartments.

• O3 generator compartments.

• O2 injector chambers.

• Sun-light penetrators.

• Heat exchangers.

The system is designed to eliminate many problems that are associated with traditional prawn aquaculture systems and methods used in many Asian countries including China. Apart from the advantage derived from the controlled growing environment, it has many economical advantages as well, such as:

• Power consumption (i.e. US$188. / Ton of production based on rate of US$0.11/Kw)

• Water Consumption (i.e. Average of 35,000 l of water / Ton of production)

• Mortality rate: (i.e. for the growing prawns from visible fingerlings at 10%)

• Feed Conversion rate (i.e. Average on 1 kg of feed to 1 kg of prawn).

• Farm labor (i.e. 150 man hours per ton of production)

Enping City Bi Tao A Power Fishery Development Co. Ltd.

Construction on the facility was completed in late 2010 and stocking operations commenced in early 2011. To date, 12 out of 16 grow tanks are in full operation stocked with approximately 120,000 x 60mm fingerlings, 80,000 x 80mm small fish and 50,000 x 100mm sized fish. The largest batches of fish are estimated at 20,000 x 120mm in size. Mortality rates have been recorded at approximately 10% in line with previous estimates. At the current growth rate, the first batch of 20,000 x 120mm fish should reach marketable size of an estimated 500 grams per fish on or before October 30, 2011.

The A-Power Technology Difference

A-Power Technology ("APT") is an engineered, self-contained water treatment and re-circulating aquaculture system ("RAS") for the growing of aquatic animals on a commercial scale. It mainly consists of the A-Power Grow Out Basin and the A-Power Treatment Stack equipment and operating techniques and procedures which Capital Award has established as essential or desirable for the establishment development and operation of the A-Power aquaculture system. In an APT designed fish growing system, fish produced are free from diseases commonly associated with other outdoor aquaculture methods. The system is fully integrated, automated and climate-controlled. With strict water quality management, APT fish growing system creates a stress-free environment for the fish. These ideal growing conditions enable improved productivity, mortality rates of less than 8% and feed-to-fish conversion ratio of 1:1 for pallet feed and 2:1 for non pallet feed. The system is housed on land in an enclosed environment under fully controlled conditions, and by avoiding contact with any outdoor contamination and using treated water; APT RAS produces healthy farmed fish guaranteed free of antibiotics and other pollutants.

It is an environmentally friendly system that recycles all water used in the farm. It enables the production and supply of fish in the vicinity of urban area all year round consistently. The RAS has been commercially applied in Europe and Australia for the past 30 years and APT has been commercially developed and used in Australia since 1998. However the RAS and APT are relatively new to the Asian countries including China.

Investor Presentations

Tue, 31 May 2011 04:00:00 GMT

On May 30th through May 31st, 2011, the Registrant will be participating in the Jordon Fund Conference, a privately organized conference sponsored by the Jordon Fund and Pensar Bank and held in Stockholm, Sweden at the Stockholm City Centre and the Pensar Bank Corporate Centre (the “Conference”). The Conference is not open to the general public; however the Registrant anticipates that many current shareholders will be present. The presentation that the Registrant intends to deliver at the conference is filed as Exhibit 99.1 to this Form 8-K.

Comments & Business Outlook

Sun, 22 May 2011 04:00:00 GMT

SINO AGRO FOOD, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

	Three months ended			Three months ended
	March 31, 2011			March 31, 2010
	(Unaudited)			(Unaudited)
	$			$
Continuing operations
Revenue		3,121,531			300,000

Cost of goods sold		1,190,615			-

Gross profit		1,930,916			300,000

General and administrative expenses		(690,146	)		(514,336	)
Net income from operations		1,240,770			(214,336	)

Other income (expenses)

Other income		9,302			-

Gain (loss) of extinguishment of debts		92,926			(4,565,180	)

Interest expense		(3,172	)		(2,927	)

Net income (expenses)		99,056			(4,568,107	)

Net income before income taxes		1,339,826			(4,782,443	)
		.
Provision for income taxes		-			-

Net income (loss) from continuing operations		1,339,826			(4,782,443	)
Less: Net (income) loss attributable to the non - controlling interest		(428,913	)		10,647
Net income (loss) from continuing operations attributable to the Sino Agro Food, Inc. and subsidiaries		910,913			(4,771,796	)
Discontinued operations
Net income from discontinued operations		19,941,880			2,057,268
Less: Net income attributable to the non - controlling interest		(9,737,929	)		(452,599	)
Net income from discontinued operations attributable to the Sino Agro Food, Inc. and subsidiaries		10,203,951			1,604,669
Net income (loss) attributable to the Sino Agro Food, Inc. and subsidiaries		11,114,864			(3,167,127	)
Other comprehensive income (loss)
Foreign currency translation gain (loss)		1,175,674			(293,090	)
Comprehensive income (loss)		12,290,538			(3,460,217	)
Less: other comprehensive (income) loss attributable to the non - controlling interest		(293,918	)		58,618
Comprehensive income (loss) attributable to the Sino Agro Food, Inc. and subsidiaries		11,996,620			(3,401,599	)

Earnings (loss) per share attributable to Sino Agro Food, Inc. and subsidiaries common stockholders:
From continuing and discontinued operations
Basic	$	0.20		$	(0.06	)

Diluted	$	0.18		$	(0.06	)

Earnings (loss) per share attributable to Sino Agro Food, Inc. and subsidiaries common stockholders:
From continuing operations

Basic	$	0.02		$	(0.09	)

Diluted	$	0.01		$	(0.09	)

Weighted average number of shares outstanding:

Basic		56,502,325			54,088,199

Diluted		63,502,325			54,088,199

Comments & Business Outlook

Mon, 25 Apr 2011 04:00:00 GMT

Guidance Based on 2010 Year End Conference Call Notes:

1. Capital Awards (Fishery)

Capital Award expects increased revenue in 2011 from construction, management and developer fees for its A Power RAS systems.
Current and planned projects for 2011 are estimated by the Company to generate $32.2M dollars.
Operating costs are estimated by the Company to be approximately $12.6M in 2011.
Gross profit is estimated by the Company to be $19.5M in 2011.

2. HU Plantation

Revenue for 2011 is estimated by the Company to be approximately $6.5M.
Gross profit for 2011 is estimated by the Company to be approximately $4.7M.

3. Beef Feedstock and fertilizer

The Company’s beef, feedstock and fertilizer operations are set to expand in 2011 with the addition of at least two new joint ventures.
The Company purchased $52.7M of land use rights in China to support growth.
Combined revenue for 2011 from expanded operations are estimated by management to reach approximately $19M
gross profit of approximately $6.4M.

4. Consolidated Guidance

Total revenue expected to increase to $58.3M for 2011.
Total cost of goods estimated to be approximately $27.4M.
Total gross profit estimated to increase to $30.8M.
Earnings per share of approximately $0.39 cents fully diluted. Basic earnings per share of approximately $0.43 cents EPS reflects a strong push toward improving operations and our bottom line in the future.

Note: SIAF sold its dairy business

In an agreement signed February 15, 2011 between Hang Yu Tai Investment Ltd. (“HYT”) a wholly owned subsidiary of Sino Agro Food, Inc. and Mr. Sun Ximin (“SUN”), HYT has agreed to sell its 78% equity stake in ZX and SUN has agreed to purchase HYT’s holdings resulting in the divestment of ZX. Total consideration for the sale was $31M, or the equivalent to 78% of ZX’s net assets plus a surplus sum of $4.9M.
Proceeds from the sale went towards purchase of land to support current and planned joint venture projects. The Company expects to record a profit of $8.4M on the sale of the dairy in 2011

We would like to know if the $8.4 million is included in company 2011 full year guidance. We are investigating the terms and nature of the dairy transaction.

Comments & Business Outlook

Tue, 19 Apr 2011 04:00:00 GMT

SINO AGRO FOOD, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

FOR THE YEARS ENDED DECEMBER 31, 2010 AND DECEMBER 31, 2009

	2010			2009
	$			$
Revenue		40,551,066			21,725,839
Cost of goods sold		18,097,641			9,385,442
Gross profit		22,453,425			12,340,397
General and administrative expenses		(3,551,561	)		(2,852,084	)
Net income from operations		18,901,864			9,488,313
Other income (expenses)

Other income		226,586			26
Loss on extinguishment of debts		(6,077,230	)		-
Interest expense		(354,140	)		(470,019	)
Net income (expenses)		(6,204,784	)		(469,993	)
Net income before income taxes		12,697,080			9,018,320
Provision for income taxes		-			-
Net income		12,697,080			9,018,320

Less: Net income attributable to the non - controlling interest		(4,196,258	)		(2,210,381	)
Net income attributable to the Sino Agro Food, Inc. and subsidiaries		8,500,822			6,807,939
Other comprehensive income
Foreign currency translation gain		2,097,324			31,118
Comprehensive income		10,598,146			6,839,057
Less: other comprehensive income attributable to the non - controlling interest		(461,411	)		(1,359	)
Comprehensive income attributable to Sino Agro Food, Inc. and subsidiaries		10,136,735			6,837,698

Earnings per share attributable to Sino Agro Food, Inc.
and subsidiaries common stockholders:
Basic	$	0.16		$	0.13
Diluted	$	0.14		$	0.13
Weighted average number of shares outstanding:
Basic		54,223,823			52,889,473
Diluted		61,223,823			52,889,473

GeoTeam® Note: 2010 vs. 2009 Adjusted EPS

Full Year: $0.25 vs. $0.13

Comments & Business Outlook

Tue, 09 Nov 2010 05:00:00 GMT

3rd Quarter Financial Results

Revenues increased by $6,778,232 or 59.5% to $11,395,223 for the Q3 period ended September 30, 2010 from $4,616,991 for the Q3 period ended September 30, 2009.

Gross Profit increased by $4,674,284 or 65.6% to $7,089,064 for the Q3 period ended September 30, 2010 from $2,414,780 for the Q3 period ended September 30, 2009

Net Profit for Q3 period ended September 30, 2010 is $7,220,202, net of Gross Profit of $7,089,064 plus Exchange gain of $2,202,824 minus all General administration expenses and minority interest etc. of $2,071,686 for the Q3 period ended September 30, 2010.

For the 9 months ended September 30, 2010, our net income from operation was $11,174,356 or $0.19 per share on a fully diluted basis. There are no changes to Company guidance for the remainder of 2010.

GeoSpecial Notes

Wed, 23 Jun 2010 04:00:00 GMT

Added to the GeoSpecial list on October 16, 2009 @ $0.98

Catalyst: Was selling below book; It appeared that the company was very close to gaining compliance with the SEC to help facilitate an up-listing; Joint venture projects were on the verge of implementation; Bullish guidance.
Peak performance: Reached a high of $1.90 on
Current price::

Current road block: The company has not reported a break out EPS number; 2010 first quarter revenues were flat; Still awaiting details on Joint Venture status; Not current with SEC filings; Company has yet to issue the anticipated dividend.

Remains on the GeoSpecial list: As we stated in our May 6, 2009 alert, when the stock broke the $1.00 mark to the downside, SIAF is likely only suited for risk tolerant investors. Since this new cautious stance, shares have fallen to $0.53. Although the company has maintained its 2010 guidance of $0.29, we are finding this somewhat hard to believe, especially with no status updates on its J.V. projects that are expected to play a large factor in future growth, and given that the 2010 first quarter EPS was only $0.03. An investment in SIAF is a tough call. If guidance is met, investors could be well rewarded by buying the stock at current levels. However, many things have to come together. As we have stated on numerous occasions, current market conditions have led us to consider higher quality and more certain ideas.

GeoSpecial Notes

Tue, 15 Dec 2009 05:00:00 GMT

GeoSpecial Sino Agro Food shares are inching up this morning, possibly in response to a press release issued this morning announcing it:

Approved a dividend policy starting in fiscal year 2010.
Is planning a shareholder conference call January 5th, 2010 at 11:00AM EST to discuss the dividend policy, current operations, efforts to seek quotation on the OTCBB and guidance for 2010.

Investors may view this news as management's commitment to enhancing shareholder value and a sign that cash flow generation is strong and improving. The GeoTeam® believes that issuing guidance is a necessary step needed to instill investor confidence as SIAF trades on the Pink Sheets.