for financial reporting purposes , our operations are organized into four business segments : fertilizer products ( jinong ) , fertilizer products ( gufeng ) , agricultural products production ( jintai ) , and agricultural products production ( yuxing ) . jintai and yuxing also serve as a research and development base for our fertilizer products . the fertilizer business conducted by jinong and gufeng generated approximately 96.4 % , 96.1 % and 88.0 % of our total revenues in the fiscal year ended june 30 , 2012 , 2011 and 2010 , respectively . it should be noted that our consolidated results for the 2010 period do not include the results of gufeng and its subsidiary , tianjuyuan , which were acquired on july 2 , 2010 . 50 fertilizer products as of june 30 , 2012 , we had developed and produced a total of 443 different fertilizer products in use , of which 126 and 317 were developed and produced by jinong and gufeng , respectively . below is a table that shows the metric tons of fertilizer sold by jinong and gufeng and the revenue per ton for the periods indicated : replace_table_token_12_th replace_table_token_13_th replace_table_token_14_th replace_table_token_15_th for the fiscal year ended june 30 , 2012 , we sold approximately 318,208 metric tons of fertilizer products , as compared to 337,769 metric tons and 22,834 metric tons for the fiscal year ended june 30 , 2011 and 2010 , respectively , which did not include sales of products by gufeng with respect to the number of metric tons we sold in 2010. for the fiscal year ended june 30 , 2012 , jinong sold approximately 61,590 metric tons of fertilizer products , as compared to 48,038 metric tons and 22,834 for the fiscal year ended june 30 , 2011 and 2010 , respectively . for the fiscal year ended june 30 , 2012 , gufeng sold approximately 256,618 metric tons of fertilizer products , as compared to 289,731 metric tons for the fiscal year ended june 30 , 2011. our sales of fertilizer products to five provinces accounted for approximately 58.9 % of our fertilizer revenue for the fiscal year ended june 30 , 2012. specifically , the provinces and their respective percentage contribution to our fertilizer revenues were beijing ( 24.2 % ) , hebei ( 16.3 % ) , jilin ( 9.0 % ) , liaoning ( 6.6 % ) and inner mongolia ( 2.8 % ) . as of june 30 , 2012 , we had a total of 943 distributors covering 22 provinces , four autonomous regions and three central government-controlled municipalities in china . jinong had 758 distributors in china . jinong 's sales are not dependent on any single distributor or any group of distributors . its top five distributors accounted for 2.1 % of jinong 's fertilizer revenues for the fiscal year ended june 30 , 2012. gufeng had 185 distributors , including some large state-owned enterprises . gufeng 's top five distributors accounted for 47.0 % of its revenues for the fiscal year ended june 30 , 2012 , of which sinoagri holding company limited accounted for 25.8 % of gufeng 's revenue for the fiscal year ended june 30 , 2012. agricultural products through jintai , we develop , produce and sell high-quality flowers , green vegetables and fruits to local marketplaces and various horticulture and planting companies . we also use certain of jintai 's and yuxing 's greenhouse facilities to conduct research and development activities for our fertilizer products . the three prc provinces that accounted for 99.5 % of our agricultural products revenue for the fiscal year ended june 30 , 2012 were shaanxi ( 92.0 % ) , ningxia ( 6.5 % ) and guangdong ( 0.9 % ) . 51 recent developments new products during the three months ended june 30 , 2012 , jinong launched seven new fertilizer products , which included five broad-spectrum and two powder fertilizer products . jinong 's new products generated approximately $ 115,256 , or 0.5 % of jinong 's fertilizer revenues for the three months ended june 30 , 2012. jinong also added 46 new distributors for the three months ended june 30 , 2012. jinong 's new distributors accounted for approximately $ 1,706,005 , or 6.9 % of jinong 's fertilizer revenues for the three months ended june 30 , 2012. jinong 's revenue attributable to the new products distributed by its new distributors was approximately $ 44,110 , or 0.2 % of jinong 's fertilizer revenues for the three months ended june 30 , 2012. during the three months ended june 30 , 2012 , gufeng launched no new fertilizer product . gufeng added three new distributors during the three months ended june 30 , 2012 , which accounted for approximately $ 475,410 , or 1.5 % , of gufeng 's fertilizer revenues . jintai 's relocation we have started to relocate jintai to the facilities of one of the company 's other subsidiaries-yuxing , located in hu county , xi'an . yuxing 's facilities are approximately a one hour drive south of jintai 's current location in the economic and technical development zone ( the `` zone `` ) in the metro area of the city of xi'an . as mentioned in the company 's previous quarterly reports , with the rapid growth of urbanization in xi'an , the zone has been inhabited by a large and dense population and the periphery of jintai has bristled with various industrial factories and utility plants . the zone 's concentrated industrial activities and dense population changed the micro bioenvironment for the growth of jintai 's agricultural products and disturbed jintai 's normal fertilizer research and development . recently such changes caused the death and obsolescence of large amount of jintai 's flowers and seedlings . story_separator_special_tag the main reason for the decrease in jinong 's gross profit margin was primarily attributable to the strong sales of lower-margin granular fertilizers for the fiscal year ended june 30 , 2011 compared with a year ago . in addition , the increase in the price of raw materials also contributed to the lower margin than before . 57 gross profit generated by gufeng was $ 21,410,028 with a gross profit margin of approximately 20.0 % for the fiscal year ended june 30 , 2011. gross profit from jintai increased by $ 149,187 , or 5.3 % , for the fiscal year ended june 30 , 2011 , to $ 2,985,542 , as compared to $ 2,836,355 for the fiscal year ended june 30 , 2010. gross profit margin from jintai 's sales was approximately 43.7 % and 45.2 % for the fiscal years ended june 30 , 2011 and 2010 , respectively . gross profit from yuxing was $ 44,317 with a gross profit margin of approximately 24.5 % for the fiscal years ended june 30 , 2011. selling expenses our selling expenses consist primarily of salaries of sales personnel , advertising and promotion expenses , freight-out costs and related compensation . selling expenses were $ 7,121,905 , or 4.0 % , of net sales for the fiscal year ended june 30 , 2011 as compared to $ 2,203,345 or 4.2 % of net sales for the fiscal year ended june 30 , 2010 , an increase of $ 4,918,560 , or 223.2 % . this increase was primarily due to the inclusion of gufeng 's selling expenses for fiscal year 2011. the selling expenses of gufeng were $ 2,834,005 , or 2.6 % of gufeng 's net sales . the total selling expenses for the fiscal year ended june 30 , 2011 without including gufeng 's selling expenses was $ 4,287,900 , or 5.9 % of net sales excluding gufeng 's net sales . the selling expenses of jinong for the fiscal year ended june 30 , 2011 were $ 4,254,198 , or 6.5 % of jinong 's net sales , compared to selling expenses of $ 2,176,881 , or 4.8 % of jinong 's net sales in fiscal year 2010. most of this increase was due to jinong 's expanded marketing efforts such as promotional materials and the increase in shipping costs . general and administrative expenses general and administrative expenses consisted primarily of related salaries , rental expenses , business development , depreciation and travel expenses incurred by our general and administrative departments and legal and professional expenses including expenses incurred and accrued due to pending litigations . general and administrative expenses were $ 14,386,699 , or 8.0 % of net sales , for the fiscal year ended june 30 , 2011 , as compared to $ 3,822,234 , or 7.3 % , of net sales for the fiscal year ended june 30 2010 , an increase of $ 10,564,465. this increase was primarily the result of the inclusion of gufeng 's general and administrative expenses , stock compensation expenses , jintai 's photinia fraseri seedlings becoming obsolete and additional legal and investor relations fees incurred in connection with certain pending litigations . the general and administrative expenses of gufeng were $ 3,287,152 for the fiscal year ended june 30 , 2011. in addition , the non-cash stock compensation expense was $ 3,605,235 for the fiscal year ended june 30 , 2011. total other income ( expenses ) total other income ( expense ) consisted of income from subsidies received from the prc government , interest income , interest expenses and bank charges . total other expense for the fiscal year ended june 30 , 2011 was $ 160,186 , as compared to total other income of $ 157,653 for the fiscal year ended june 30 , 2010 , an increase in expense of $ 317,839 , or 201.6 % . the increase was mainly attributable to the $ 466,912 interest expense from gufeng 's outstanding short-term loans . income taxes jinong is subject to a preferred tax rate of 15 % as a result of its business being classified as a high-tech project under the prc enterprise income tax law ( “ eit ” ) that became effective on january 1 , 2008. jinong incurred income tax expenses of $ 5,157,184 for the fiscal year ended june 30 , 2011 , as compared to $ 3,794,515 for the fiscal year ended june 30 , 2010 , an increase of $ 1,362,669 , or 35.9 % , which was primarily attributable to jinong 's increased operating income . gufeng , subject to a tax rate of 25 % , incurred income tax expenses of $ 3,879,959 for the fiscal year ended june 30 , 2011. jintai and yuxing are currently exempted under prc regulations from paying income tax . 58 net income net income for the fiscal year ended june 30 , 2011 was $ 32,914,101 , an increase of $ 11,624,343 , or 54.6 % , compared to $ 21,289,758 for the fiscal year ended june 30 , 2010. the increase was attributable to the increase in gross profit . net income as a percentage of total net sales was approximately 18.2 % and 40.9 % for the fiscal year ended june 30 , 2011 and 2010 , respectively . discussion of segment profitability measures as of june 30 , 2012 , we were engaged in the following businesses : the production and sale of fertilizers through jinong and gufeng and the production and sale of high-quality agricultural products by jintai and yuxing . for financial reporting purposes , our operations were organized into four main business segments based on location and product : jinong ( fertilizer production ) , gufeng ( fertilizer production ) , jintai ( agricultural products production ) and yuxing ( agricultural products production ) . each of the segments has its own annual budget with regard to development , production

liquidity and capital resources our principal sources of liquidity include cash from operations , borrowings from local commercial banks and net proceeds of offerings of our securities consummated in july 2009 and november/december 2009 ( collectively the “ public offerings ” ) . as of june 30 , 2012 , cash and cash equivalents were $ 71,978,630 , an increase of $ 6,372,217 and $ 3,270,976 , or 9.7 % and 5.2 % , respectively , from $ 65,606,413 and $ 62,335,437 as of june 30 , 2011 and 2010 , respectively . we intend to use some of the remaining net proceeds from the public offerings ( approximately $ 8.5 million ) , as well as other working capital if required , to acquire new businesses , upgrade production lines and complete yuxing 's new greenhouse facilities for agriculture products located on 88 acres of land in hu county , 18 kilometers southeast of xi'an city . we believe that we have sufficient cash on hand and positive projected cash flow from operations to support our business growth for the next twelve months to the extent we do not have further significant acquisitions or expansions . however , if events or circumstances occur and we do not meet our operating plan as expected , we may be required to seek additional capital and or to reduce certain discretionary spending , which could have a material adverse effect on our ability to achieve our businessobjectives .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources our principal sources of liquidity include cash from operations , borrowings from local commercial banks and net proceeds of offerings of our securities consummated in july 2009 and november/december 2009 ( collectively the “ public offerings ” ) . as of june 30 , 2012 , cash and cash equivalents were $ 71,978,630 , an increase of $ 6,372,217 and $ 3,270,976 , or 9.7 % and 5.2 % , respectively , from $ 65,606,413 and $ 62,335,437 as of june 30 , 2011 and 2010 , respectively . we intend to use some of the remaining net proceeds from the public offerings ( approximately $ 8.5 million ) , as well as other working capital if required , to acquire new businesses , upgrade production lines and complete yuxing 's new greenhouse facilities for agriculture products located on 88 acres of land in hu county , 18 kilometers southeast of xi'an city . we believe that we have sufficient cash on hand and positive projected cash flow from operations to support our business growth for the next twelve months to the extent we do not have further significant acquisitions or expansions . however , if events or circumstances occur and we do not meet our operating plan as expected , we may be required to seek additional capital and or to reduce certain discretionary spending , which could have a material adverse effect on our ability to achieve our businessobjectives .
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 Suspicious Activity Report : for financial reporting purposes , our operations are organized into four business segments : fertilizer products ( jinong ) , fertilizer products ( gufeng ) , agricultural products production ( jintai ) , and agricultural products production ( yuxing ) . jintai and yuxing also serve as a research and development base for our fertilizer products . the fertilizer business conducted by jinong and gufeng generated approximately 96.4 % , 96.1 % and 88.0 % of our total revenues in the fiscal year ended june 30 , 2012 , 2011 and 2010 , respectively . it should be noted that our consolidated results for the 2010 period do not include the results of gufeng and its subsidiary , tianjuyuan , which were acquired on july 2 , 2010 . 50 fertilizer products as of june 30 , 2012 , we had developed and produced a total of 443 different fertilizer products in use , of which 126 and 317 were developed and produced by jinong and gufeng , respectively . below is a table that shows the metric tons of fertilizer sold by jinong and gufeng and the revenue per ton for the periods indicated : replace_table_token_12_th replace_table_token_13_th replace_table_token_14_th replace_table_token_15_th for the fiscal year ended june 30 , 2012 , we sold approximately 318,208 metric tons of fertilizer products , as compared to 337,769 metric tons and 22,834 metric tons for the fiscal year ended june 30 , 2011 and 2010 , respectively , which did not include sales of products by gufeng with respect to the number of metric tons we sold in 2010. for the fiscal year ended june 30 , 2012 , jinong sold approximately 61,590 metric tons of fertilizer products , as compared to 48,038 metric tons and 22,834 for the fiscal year ended june 30 , 2011 and 2010 , respectively . for the fiscal year ended june 30 , 2012 , gufeng sold approximately 256,618 metric tons of fertilizer products , as compared to 289,731 metric tons for the fiscal year ended june 30 , 2011. our sales of fertilizer products to five provinces accounted for approximately 58.9 % of our fertilizer revenue for the fiscal year ended june 30 , 2012. specifically , the provinces and their respective percentage contribution to our fertilizer revenues were beijing ( 24.2 % ) , hebei ( 16.3 % ) , jilin ( 9.0 % ) , liaoning ( 6.6 % ) and inner mongolia ( 2.8 % ) . as of june 30 , 2012 , we had a total of 943 distributors covering 22 provinces , four autonomous regions and three central government-controlled municipalities in china . jinong had 758 distributors in china . jinong 's sales are not dependent on any single distributor or any group of distributors . its top five distributors accounted for 2.1 % of jinong 's fertilizer revenues for the fiscal year ended june 30 , 2012. gufeng had 185 distributors , including some large state-owned enterprises . gufeng 's top five distributors accounted for 47.0 % of its revenues for the fiscal year ended june 30 , 2012 , of which sinoagri holding company limited accounted for 25.8 % of gufeng 's revenue for the fiscal year ended june 30 , 2012. agricultural products through jintai , we develop , produce and sell high-quality flowers , green vegetables and fruits to local marketplaces and various horticulture and planting companies . we also use certain of jintai 's and yuxing 's greenhouse facilities to conduct research and development activities for our fertilizer products . the three prc provinces that accounted for 99.5 % of our agricultural products revenue for the fiscal year ended june 30 , 2012 were shaanxi ( 92.0 % ) , ningxia ( 6.5 % ) and guangdong ( 0.9 % ) . 51 recent developments new products during the three months ended june 30 , 2012 , jinong launched seven new fertilizer products , which included five broad-spectrum and two powder fertilizer products . jinong 's new products generated approximately $ 115,256 , or 0.5 % of jinong 's fertilizer revenues for the three months ended june 30 , 2012. jinong also added 46 new distributors for the three months ended june 30 , 2012. jinong 's new distributors accounted for approximately $ 1,706,005 , or 6.9 % of jinong 's fertilizer revenues for the three months ended june 30 , 2012. jinong 's revenue attributable to the new products distributed by its new distributors was approximately $ 44,110 , or 0.2 % of jinong 's fertilizer revenues for the three months ended june 30 , 2012. during the three months ended june 30 , 2012 , gufeng launched no new fertilizer product . gufeng added three new distributors during the three months ended june 30 , 2012 , which accounted for approximately $ 475,410 , or 1.5 % , of gufeng 's fertilizer revenues . jintai 's relocation we have started to relocate jintai to the facilities of one of the company 's other subsidiaries-yuxing , located in hu county , xi'an . yuxing 's facilities are approximately a one hour drive south of jintai 's current location in the economic and technical development zone ( the `` zone `` ) in the metro area of the city of xi'an . as mentioned in the company 's previous quarterly reports , with the rapid growth of urbanization in xi'an , the zone has been inhabited by a large and dense population and the periphery of jintai has bristled with various industrial factories and utility plants . the zone 's concentrated industrial activities and dense population changed the micro bioenvironment for the growth of jintai 's agricultural products and disturbed jintai 's normal fertilizer research and development . recently such changes caused the death and obsolescence of large amount of jintai 's flowers and seedlings . story_separator_special_tag the main reason for the decrease in jinong 's gross profit margin was primarily attributable to the strong sales of lower-margin granular fertilizers for the fiscal year ended june 30 , 2011 compared with a year ago . in addition , the increase in the price of raw materials also contributed to the lower margin than before . 57 gross profit generated by gufeng was $ 21,410,028 with a gross profit margin of approximately 20.0 % for the fiscal year ended june 30 , 2011. gross profit from jintai increased by $ 149,187 , or 5.3 % , for the fiscal year ended june 30 , 2011 , to $ 2,985,542 , as compared to $ 2,836,355 for the fiscal year ended june 30 , 2010. gross profit margin from jintai 's sales was approximately 43.7 % and 45.2 % for the fiscal years ended june 30 , 2011 and 2010 , respectively . gross profit from yuxing was $ 44,317 with a gross profit margin of approximately 24.5 % for the fiscal years ended june 30 , 2011. selling expenses our selling expenses consist primarily of salaries of sales personnel , advertising and promotion expenses , freight-out costs and related compensation . selling expenses were $ 7,121,905 , or 4.0 % , of net sales for the fiscal year ended june 30 , 2011 as compared to $ 2,203,345 or 4.2 % of net sales for the fiscal year ended june 30 , 2010 , an increase of $ 4,918,560 , or 223.2 % . this increase was primarily due to the inclusion of gufeng 's selling expenses for fiscal year 2011. the selling expenses of gufeng were $ 2,834,005 , or 2.6 % of gufeng 's net sales . the total selling expenses for the fiscal year ended june 30 , 2011 without including gufeng 's selling expenses was $ 4,287,900 , or 5.9 % of net sales excluding gufeng 's net sales . the selling expenses of jinong for the fiscal year ended june 30 , 2011 were $ 4,254,198 , or 6.5 % of jinong 's net sales , compared to selling expenses of $ 2,176,881 , or 4.8 % of jinong 's net sales in fiscal year 2010. most of this increase was due to jinong 's expanded marketing efforts such as promotional materials and the increase in shipping costs . general and administrative expenses general and administrative expenses consisted primarily of related salaries , rental expenses , business development , depreciation and travel expenses incurred by our general and administrative departments and legal and professional expenses including expenses incurred and accrued due to pending litigations . general and administrative expenses were $ 14,386,699 , or 8.0 % of net sales , for the fiscal year ended june 30 , 2011 , as compared to $ 3,822,234 , or 7.3 % , of net sales for the fiscal year ended june 30 2010 , an increase of $ 10,564,465. this increase was primarily the result of the inclusion of gufeng 's general and administrative expenses , stock compensation expenses , jintai 's photinia fraseri seedlings becoming obsolete and additional legal and investor relations fees incurred in connection with certain pending litigations . the general and administrative expenses of gufeng were $ 3,287,152 for the fiscal year ended june 30 , 2011. in addition , the non-cash stock compensation expense was $ 3,605,235 for the fiscal year ended june 30 , 2011. total other income ( expenses ) total other income ( expense ) consisted of income from subsidies received from the prc government , interest income , interest expenses and bank charges . total other expense for the fiscal year ended june 30 , 2011 was $ 160,186 , as compared to total other income of $ 157,653 for the fiscal year ended june 30 , 2010 , an increase in expense of $ 317,839 , or 201.6 % . the increase was mainly attributable to the $ 466,912 interest expense from gufeng 's outstanding short-term loans . income taxes jinong is subject to a preferred tax rate of 15 % as a result of its business being classified as a high-tech project under the prc enterprise income tax law ( “ eit ” ) that became effective on january 1 , 2008. jinong incurred income tax expenses of $ 5,157,184 for the fiscal year ended june 30 , 2011 , as compared to $ 3,794,515 for the fiscal year ended june 30 , 2010 , an increase of $ 1,362,669 , or 35.9 % , which was primarily attributable to jinong 's increased operating income . gufeng , subject to a tax rate of 25 % , incurred income tax expenses of $ 3,879,959 for the fiscal year ended june 30 , 2011. jintai and yuxing are currently exempted under prc regulations from paying income tax . 58 net income net income for the fiscal year ended june 30 , 2011 was $ 32,914,101 , an increase of $ 11,624,343 , or 54.6 % , compared to $ 21,289,758 for the fiscal year ended june 30 , 2010. the increase was attributable to the increase in gross profit . net income as a percentage of total net sales was approximately 18.2 % and 40.9 % for the fiscal year ended june 30 , 2011 and 2010 , respectively . discussion of segment profitability measures as of june 30 , 2012 , we were engaged in the following businesses : the production and sale of fertilizers through jinong and gufeng and the production and sale of high-quality agricultural products by jintai and yuxing . for financial reporting purposes , our operations were organized into four main business segments based on location and product : jinong ( fertilizer production ) , gufeng ( fertilizer production ) , jintai ( agricultural products production ) and yuxing ( agricultural products production ) . each of the segments has its own annual budget with regard to development , production

