Company Overview - Addentax Group Corp. operates primarily through its subsidiaries in China, focusing on garment manufacturing, logistics services, and property management[92]. Logistics Services - The logistics services segment covers 44 cities across 10 provinces and 2 municipalities, with plans to develop 20 additional logistics routes in 2025[103]. - As of September 30, 2024, the logistics services segment expects to improve profits in 2025 through the establishment of an efficient logistics system[103]. - Revenue from logistics services accounted for approximately $0.8 million, or 98.4%, of total revenue for Q3 2025, compared to $1.0 million, or 71.9%, in Q3 2024[132]. - Revenue from logistics services accounted for approximately $1.6 million, or 98.0% of total revenue for the six months ended September 30, 2025, compared to $1.5 million or 66.2% in 2024[156]. - The gross profit margin for logistics services decreased to 27.1% in Q3 2025 from 47.0% in Q3 2024, primarily due to increased toll expenses and a competitive pricing strategy[140]. - Gross profit margin for logistics services decreased to 25.1% for the six months ended September 30, 2025, down from 47.6% in 2024, attributed to higher toll expenses and competitive pricing strategies[164]. Garment Manufacturing - The garment manufacturing business aims to expand its customer base and improve profit, emphasizing exceptional quality and timely delivery[102]. - The company disposed of AOT in May 2025, indicating a strategic shift in its garment manufacturing operations[98]. - Revenue from the garment manufacturing business contributed approximately $0.01 million, or 1.6%, of total revenue for Q3 2025, down from $0.1 million, or 11.1%, in Q3 2024, attributed to decreased order volume and market competition[131]. - Revenue from garment manufacturing contributed $32,831, or 2.0% of total revenue for the six months ended September 30, 2025, down from approximately $0.2 million or 10.7% in 2024[155]. - The company incurred no labor costs in the garment manufacturing business for Q3 2025, as production was outsourced, compared to 24.5% of revenue in Q3 2024[135]. - Labor costs for garment manufacturing represented approximately 24.8% of total revenue for the six months ended September 30, 2025, compared to 23.2% in 2024, reflecting a decrease in revenue[159]. - Gross profit margin for garment manufacturing was 30.5% for the six months ended September 30, 2025, compared to 19.1% in 2024, mainly due to procurement from external manufacturers[163]. Financial Performance - Total revenue for the three months ended September 30, 2025, decreased by approximately $292,207, or 26.3%, compared to the same period in 2024, primarily due to declines in garment manufacturing and logistics services revenue[130]. - Gross profit for the three months ended September 30, 2025, was $225,147, a decrease of $245,933, or 52.2%, from $471,080 in Q3 2024[141]. - Loss from operations for Q3 2025 was $449,848, compared to a loss of $41,512 in Q3 2024, marking an increase in losses of $408,336, or 983.7%[146]. - Net loss for the three months ended September 30, 2025, was approximately $102,837, compared to a net loss of approximately $721,532 in the same period of 2024, reflecting an improvement of $618,695, or 85.7%[151]. - Basic and diluted loss per share for Q3 2025 was ($0.01), compared to ($0.13) for Q3 2024[151]. - Total revenue for the six months ended September 30, 2025, decreased by $38,962, or 2.3%, compared to the same period in 2024, primarily due to a decrease in garment manufacturing revenue[154]. - Gross profit for the six months ended September 30, 2025, was $415,561, a decrease of 43.5% from $735,558 in 2024[165]. - Loss from operations for the six months ended September 30, 2025, was $804,723, an increase of 136.3% compared to a loss of $340,539 in 2024[169]. - Net loss for the six months ended September 30, 2025, was approximately $495,275, a significant improvement from a net loss of $1,942,643 in 2024[174]. - General and administrative expenses increased by approximately 34.3% to $670,352 in Q3 2025 from $499,193 in Q3 2024[144]. - General and administrative expenses increased by approximately 23.4% to $1.2 million for the six months ended September 30, 2025, compared to $1.0 million in 2024[168]. Cash Flow and Financial Position - Net cash used in operating activities for the six months ended September 30, 2025, was approximately $0.97 million, a decrease of $1.5 million compared to the cash provided by operating activities of $0.53 million in the same period of 2024[175]. - Net cash used in investing activities for the six months ended September 30, 2025, was approximately $0.27 million, which was $0.15 million more than the $0.12 million used in the same period of 2024[176]. - Net cash provided by financing activities for the six months ended September 30, 2025, was approximately $1.36 million, an increase of $1.8 million compared to the cash used in financing activities of $0.4 million in the same period of 2024[177]. - As of September 30, 2025, the company had cash on hand of approximately $0.4 million, total current assets of approximately $27.8 million, and current liabilities of approximately $1.1 million[178]. Economic Environment - Economic uncertainty in China has led to increased pricing pressure, impacting sales growth and operating margins[111]. - The company has experienced continued pricing pressure due to significant economic uncertainty in China, affecting client sensitivity to costs[111]. Foreign Currency and Financing - The company is exposed to foreign currency risks due to operations in China, with all sales conducted in RMB, which has appreciated against the U.S. dollar[180]. - The foreign currency translation loss for the six months ended September 30, 2025, was approximately $(0.08) million, compared to a loss of $(0.05) million in the same period of 2024[180]. - The company plans to seek additional equity financing if required for future growth and strategic objectives, as indicated by the CEO[179]. - The company has no off-balance sheet arrangements that could affect its financial condition as of September 30, 2025[181].

| 代码 | 名称 | 最新价 | 涨跌幅 ^ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | ATXG | 盈喜集团 | 0.6621 | -29.79% | -0.2809 | 75.81万 | | BGIN | Bgin Blockchain | 4.960 | -17.33% | -1.040 | 1667.34万 | | MHUA | 美华国际 | 0.2698 | -16.93% | -0.0550 | 22.09万 | | EDHL | Everbright Digital | 1.010 | -15.83% | -0.190 | 276.21万 | | PLAG | 美国绿星球 | 2.160 | -14.29% | -0.360 | 23.43万 | 中概股收盘跌幅前五的个股为：盈喜集团跌29.79%，Bgin Blockchain跌17.33%，美华国际跌16.93%， Everbright Digital跌15.83%，美国绿星球跌14.29%。(格隆汇) ...

Group 1: Super League Enterprise, Inc. - Super League Enterprise, Inc. announced a $10 million strategic equity investment from Evo Fund, leading to a sharp increase in its stock price [1] - Shares of Super League Enterprise rose 200% to $9.83 in pre-market trading following the announcement [1] Group 2: Other Notable Gainers - Professional Diversity Network, Inc. gained 88.8% to $5.40 in pre-market trading after a previous rise of around 4% [4] - STRATA Skin Sciences, Inc. rose 80% to $3.06 in pre-market trading after an 8% increase on Monday [4] - Jiuzi Holdings, Inc. jumped 50.9% to $1.69 in pre-market trading after a 5% gain on Monday [4] - New Era Energy & Digital, Inc. gained 47.2% to $0.8941 in pre-market trading after a surge of around 12% on Monday [4] - Better Home & Finance Holding Company increased by 30% to $64.95 in pre-market trading, following a 46% jump on Monday [4] - MicroCloud Hologram Inc. surged 29% to $7.17 in pre-market trading after announcing a breakthrough in quantum technology [4] - Cassava Sciences, Inc. rose 24.1% to $2.88 in pre-market trading after CEO Richard Barry purchased shares at an average price of $2.25 [4] - SES AI Corporation surged 10.3% to $2.04 in pre-market trading after a 17% increase on Monday [4] - Ballard Power Systems Inc. gained 8.3% to $3.12 in pre-market trading after a 5% rise on Monday [4] Group 3: Notable Decliners - Psyence Biomedical Ltd. dipped 19.6% to $3.65 in pre-market trading after a decline of around 5% on Monday [4] - Diginex Limited shares fell 17.7% to $14.60 in pre-market trading after a jump of over 30% on Monday [4] - Addentax Group Corp. declined 16.5% to $0.9021 in pre-market trading after gaining more than 30% on Monday [4] - Boxlight Corporation fell 15.5% to $4.03 in pre-market trading after a significant jump of 205% on Monday [4] - Reliance Global Group, Inc. dropped 15.5% to $0.9122 in pre-market trading after a 47% increase on Monday [4] - Qualigen Therapeutics, Inc. declined 14.1% to $4.75 in pre-market trading after a 95% jump on Monday [4] - Fly-E Group, Inc. fell 13.1% to $0.8773 in pre-market trading after announcing a securities purchase agreement [4] - Firefly Aerospace Inc. dropped 12.5% to $43.29 in pre-market trading after reporting a second-quarter loss [4] - Opendoor Technologies Inc. dipped 6.3% to $7.85 in pre-market trading after a 12% fall on Monday [4] - Symbotic Inc. fell 4.8% to $57.80 in pre-market trading after a gain of more than 6% on Monday [4]

Group 1 - The top five gaining Chinese concept stocks at closing were: Mindong Hong up 43.85%, Skyline Construction Group up 40.76%, Yingxi Group up 30.51%, Huicheng Technology up 27.72%, and Junfu Financing up 25.73% [1] - Mindong Hong's latest price is 0.2280 with a gain of 43.85%, translating to an increase of 0.0695 and a trading volume of 63.41 million [1] - Skyline Construction Group's latest price is 3.350 with a gain of 40.76%, translating to an increase of 0.970 and a trading volume of 23.44 million [1] - Yingxi Group's latest price is 1.0800 with a gain of 30.51%, translating to an increase of 0.2525 and a trading volume of 9.59 million [1] - Huicheng Technology's latest price is 0.3700 with a gain of 27.72%, translating to an increase of 0.0803 and a trading volume of 14.59 million [1] - Junfu Financing's latest price is 4.300 with a gain of 25.73%, translating to an increase of 0.880 and a trading volume of 0.2392 million [1]

Group 1 - The top five gaining Chinese concept stocks at the close were: Raytheon Electronics up 35.57%, Fangdd up 22.53%, Bit Origin up 18.83%, Youxin Technology up 14.05%, and Yingxi Group up 13.78% [1] - Raytheon Electronics (RAYA) closed at 0.0606 with a gain of 35.57%, translating to an increase of 0.0159 and a trading volume of 6.5167 million [1] - Fangdd (DUO) closed at 3.970 with a gain of 22.53%, translating to an increase of 0.730 and a trading volume of 11.8321 million [1] Group 2 - Bit Origin (BTOG) closed at 0.4600 with a gain of 18.83%, translating to an increase of 0.0729 and a trading volume of 4.5705 million [1] - Youxin Technology (YAAS) closed at 0.0755 with a gain of 14.05%, translating to an increase of 0.0093 and a trading volume of 6.0798 million [1] - Yingxi Group (ATXG) closed at 0.7167 with a gain of 13.78%, translating to an increase of 0.0868 and a trading volume of 0.6795 million [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _________________ Commission File No. 001-41478 ADDENTAX GROUP CORP. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 (State or other jurisdiction of ...

Core Points - Addentax Group Corp. has entered into a non-binding term sheet to acquire up to 12,000 Bitcoins, increasing the potential acquisition size from the previously discussed 8,000 BTC, with an estimated market value of approximately US$1.3 billion [1][3] - The acquisition will be settled through the issuance of newly issued shares of the Company's common stock, with final terms to be determined through mutual agreement [1][2] - The management has expressed a strong intention to allocate significant resources to a long-term Bitcoin investment strategy, aiming to leverage the current bullish momentum of Bitcoin [4] Company Overview - Addentax Group Corp. is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing [5]

Company Overview - Addentax Group Corp. operates primarily through its wholly owned subsidiary YX and other subsidiaries in China, focusing on garment manufacturing, logistics services, and property management[268]. - Addentax Group Corp. is listed on the Nasdaq Capital Market under the symbol "ATXG" and operates as a holding company without direct ownership of substantive business operations in China[268]. Business Segments - The logistics services segment currently covers 44 cities across 10 provinces and 2 municipalities in China, with plans to develop 20 additional logistics routes in 2025[278]. - The property management and subleasing segment aims to integrate resources in shopping malls and develop e-commerce bases to enhance store value, following the acquisition of Dongguan Hongxiang Commercial Co., Ltd. in September 2023[279]. - The garment manufacturing business emphasizes exceptional quality and timely delivery, with a goal to expand the customer base and improve profitability[277]. Financial Performance - Total revenue for the year ended March 31, 2025, decreased by approximately $1.0 million, or 18.9%, compared to the previous year, primarily due to a decline in revenue from the logistics services business[307]. - Revenue from the logistics services business contributed approximately $3.0 million, or 72.2%, of total revenue for the year ended March 31, 2025, down from $4.3 million, or 84.3%, in 2024, reflecting a decrease of approximately $1.3 million due to market volatility[309]. - Gross profit for the year ended March 31, 2025, was approximately $634,257, a decrease of 43.1% from $1,115,085 in 2024, with a gross profit margin of 15.2% compared to 21.6% in the previous year[306]. - Operating expenses increased by 9.1% to $2,451,227 for the year ended March 31, 2025, compared to $2,246,281 in 2024, leading to a loss from operations of $1,816,970, which is a 60.6% increase in loss compared to the previous year[322]. - Net loss was approximately $5.1 million for the year ended March 31, 2025, compared to a net loss of approximately $3.1 million for the year ended March 31, 2024[331]. Segment Performance - The garment manufacturing business generated approximately $0.3 million, or 6.8%, of total revenue for the year ended March 31, 2025, up from $0.2 million, or 4.5%, in 2024, attributed to insufficient customer volume[308]. - Gross profit for the logistics services business was approximately $1.1 million for the year ended March 31, 2025, with a gross profit margin of 34.8%, an increase from $0.9 million and 21.8% in 2024, mainly due to reduced subcontractor usage[321]. - The cost of revenue for property management and subleasing was approximately $1.3 million, or 153.5% of total revenue for that segment in 2025, compared to $0.5 million, or 81.4%, in 2024[319]. - Subcontracting fees for logistics services decreased by approximately 89.0% to $0.2 million in 2025 from $1.5 million in 2024, accounting for 5.5% of total logistics revenue compared to 34.9% in the previous year[318]. - Raw materials cost for the garment manufacturing business was approximately 49.6% of total revenue in 2025, significantly up from 14.6% in 2024, due to increased manufacturing activities[313]. - Selling expenses for property management and subleasing were $264,270 in 2025, compared to $83,987 in 2024, reflecting a significant increase in costs associated with this segment[323]. Cash Flow and Assets - Net cash provided by operating activities increased by approximately $1.1 million to $816,001 for the year ended March 31, 2025, compared to a cash outflow of $411,473 for the year ended March 31, 2024[332]. - Cash on hand as of March 31, 2025, was approximately $0.3 million, with total current assets of approximately $29.8 million and current liabilities of approximately $4.0 million[335]. - Net cash used in investing activities was approximately $205,811 for the year ended March 31, 2025, compared to a cash inflow of $90,731 for the year ended March 31, 2024[332]. - Net cash used in financing activities increased by approximately $1.6 million to $1,102,141 for the year ended March 31, 2025, compared to $521,704 for the year ended March 31, 2024[334]. Tax and Accounting - Income tax expense for the year ended March 31, 2025, was $4,649, a decrease from $11,605 for the year ended March 31, 2024[327]. - The company has identified critical accounting policies that could result in material changes to its financial position or results of operations under different conditions[288]. Economic and Operational Challenges - Economic uncertainty in China has led to increased pricing pressure, impacting sales growth and operating margins, although timely collections from customers have not yet been affected[286][287]. - The company has experienced a seasonal pattern in its garment manufacturing business, with higher purchase orders typically in the second and third quarters[280]. - The logistics services business is more vulnerable to shipping delays during the Chinese New Year due to congestion and customs issues[281]. - The company has a collection policy requiring advances or deposits from new customers and offers payment terms of 30 to 180 days for established customers[283]. Future Outlook - The CEO has indicated the intent and ability to provide additional equity financing if required for future operations[336].

Core Points - Addentax Group Corp. has regained compliance with Nasdaq Listing Rule 5450(a)(1) [1][2] - The company was previously notified on April 24, 2024, that its common stock had failed to maintain a minimum bid price of $1.00 for 30 consecutive business days [2] - From February 7 to February 21, 2025, the closing bid price of the company's common stock was at or above $1.00 per share, leading to the closure of this compliance matter [2] Company Overview - Addentax Group Corp. is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing [3]

Company Operations - Addentax Group Corp. operates primarily through its wholly owned subsidiary in China, Shenzhen Qianhai Yingxi Industrial Chain Service Co., Ltd., and has ceased operations in epidemic prevention supplies as of Q1 2023[85]. - The company dissolved two subsidiaries in 2024 to focus on core businesses, receiving approval from regulatory authorities[93]. - Addentax Group Corp. is listed on the Nasdaq Capital Market under the symbol "ATXG" and operates in three main segments: garment manufacturing, logistics services, and property management[85]. Financial Performance - Total revenue for the three months ended December 31, 2024, decreased by approximately $409,134, or 27.9%, compared to the same period in 2023, primarily due to a decline in logistics services business[124]. - Gross profit for the three months ended December 31, 2024, was $82,819, representing a decrease of $79,508, or 49.0%, from $162,327 in 2023[141]. - Total revenue for the nine months ended December 31, 2024 decreased by approximately $0.6 million, or 15.7%, compared to the same period in 2023[153]. - Net loss for the three months ended December 31, 2024, was $1,085,721, a reduction of $1,521,941, or 58.4%, from a net loss of $2,607,662 in 2023[123]. - Net loss for the nine months ended December 31, 2024, was approximately $3.0 million, an improvement from a net loss of $4.0 million in 2023[179]. Revenue Breakdown - Revenue from the logistics services business contributed approximately $831,103, or 78.5%, of total revenue for the three months ended December 31, 2024, down from $1,189,004, or 81.0%, in 2023[127]. - The garment manufacturing business generated revenue of approximately $33,773, or 3.2% of total revenue for the three months ended December 31, 2024, compared to $27,015, or 1.8%, in 2023[125]. - Revenue from logistics services contributed approximately $2.3 million, or 70.2%, of total revenue for the nine months ended December 31, 2024, down from $3.4 million, or 87.5%, in 2023[155]. - Revenue from property management and subleasing business was $0.7 million, or 21.6%, of total revenue for the nine months ended December 31, 2024, up from $0.3 million, or 8.1%, in 2023[156]. Cost and Profitability - Cost of revenue for the logistics services business decreased by approximately $409,530, or 38.8%, to $646,557 for the three months ended December 31, 2024, from $1,056,087 in 2023[129]. - Gross profit margin for the logistics services business improved to 22.2% in the three months ended December 31, 2024, compared to 11.2% in 2023, due to reallocation of orders and reduced fuel costs[139]. - The gross loss for the property management and subleasing business was $107,348 for the three months ended December 31, 2024, compared to a gross profit of $16,186 in 2023, reflecting a significant decline in performance[140]. - Gross profit for the nine months ended December 31, 2024 was $614,055, representing 18.9% of total revenue, down from $802,123, or 20.8%, in 2023[152]. - Cost of revenue for garment manufacturing increased to approximately 81.2% of revenue in 2024 from 76.5% in 2023[157]. Operational Insights - The garment manufacturing segment aims to expand its customer base and improve profit, focusing on exceptional quality and timely delivery[95]. - The logistics services segment currently covers 44 cities across 10 provinces and 2 municipalities in China, with plans to develop 20 additional logistics routes in existing cities[96]. - The property management and subleasing segment provides approximately 1,300 shop spaces and 56,238 square meters of floor space, aiming to integrate resources in shopping malls and develop e-commerce bases[92][97]. - Economic uncertainty in China has increased clients' sensitivity to costs, leading to continued pricing pressure, although timely collections from customers have not yet been impacted[104]. - The company expects to improve profits in the logistics segment for the remainder of 2024[96]. Future Outlook - The company expects capacity in the garment manufacturing business to recover by the fiscal year ending 2025 due to ongoing factory facilities renewal and repairs[125]. - The CEO has indicated the intent and ability to provide additional debt or equity financing to support the company's growth and strategic objectives[185].