I think the answer can be found in the Q3 filing.
In SJAP's case, BEEF revenue = total SJAP revenue. I think.
because BEEF revenue was $4.6M in Q3
1) There were 24,244 MT of organic fertilizer produced at a cost of RMB404.75/MT and sold at RMB947.82/MT generating revenue of RMB22.98 Million (US$3.64 Million).
2) During this Quarter, SJAP sold 5,802 MT of Live-stock feed at RMB662.22/MT with a production cost of RMB344.27/MT generating revenue of RMB3.84 million (US$0.61 Million).
3) There were 216 head of cattle sold at RMB11,996/head, generating RMB2.6 Million (US$0.41 Million) in revenue.
Total = $4.6M
So most of that $15M BEEF revenue in 2011 is organic fertilizer from SJAP.
I liked the clarity provided in the Q3 filings.
Not so much in the 10-K
They need to do a better job.
This was Q3. Can you check if this works out with the rest?
