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China Health Industries Holdings, Inc.

chinahealthindustries.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Jun 26, 2024. Its latest SEC filing is a NT 10-Q from Feb 14, 2025.

The sections below describe the company as of the FY2023 annual report.

What Did They Do?

Sells hemp-derived products to Chinese consumers through sales agents, alongside medicines and health supplements.

How Did They Make Money?

Customers buy the company's products, and the company becomes entitled to payment when the products ship.

FY2023 revenue

Who Were Their Customers?

It sells most products to sales agents, who resell them to end users; its own sales staff also sells directly to end customers, mainly in Heilongjiang Province.

Customers above 10% of revenue, FY2023
of revenue from three customers (63%, 33%, 4%)

Did Revenues Turn Into Profits?

No. It lost $408.8K in FY2023.

Operating income, FY2023
−1651% of revenue
▲ +12% (Loss) vs FY2022 (−$1.6M, −617200%)
Net income, FY2023
−366% of revenue
▲ +15% (Loss) vs FY2022 (−$354K, −132566%)

How Were They Changing?

Since the FY2023 annual report
Latest quarter: Q3 FY2024, the three months to Mar 31, 2024
Revenue
▼ −100%
vs $21.4K in Q3 FY2023
Net income
▼ −51% (Loss)
vs −$290.3K in Q3 FY2023
  • Sep 13, 2024 Company replaced its independent auditor The board dismissed Assentsure and engaged GGF CPA LTD as the new independent auditor.
  • Jul 17, 2024 Company completed the sale of Humankind China Health HK transferred all equity interests in Humankind to Xin Sun and Liyuan Sun.
  • Dec 4, 2023 Company completed its acquisition of HempCan The company paid the sellers for all equity in HempCan, and the ownership registration was completed.

Hemp product sales The earlier report highlighted hemp oil, protein powder and polypeptide; the latest report describes sales of new hemp seed beer and raw hemp seed.

Who Did They Compete With?

Competes with Harbin DaZhong Pharmaceutical, Tsinghua Unisplendour, Heilongjiang Tianlong Pharmaceuticals, HPGC Renmintongtai Pharmaceuticals, and Yunnan Hansu Biotechnology

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