Workflow
Addentax(ATXG)
icon
Search documents
Addentax(ATXG) - 2026 Q3 - Quarterly Report
2026-02-13 14:20
Company Overview - Addentax Group Corp. operates primarily through its subsidiaries in China, focusing on garment manufacturing, logistics services, and property management[95]. - Addentax Group Corp. is listed on the Nasdaq Capital Market under the symbol "ATXG"[95]. Logistics Services - 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 2026[107]. - Revenue from logistics services contributed approximately $971,059, or 99.5% of total revenue for the three months ended December 31, 2025, compared to $831,103, or 98.4% in 2024[136]. - Income from operations in the logistics services segment increased to $141,921 for the three months ended December 31, 2025, compared to $8,707 in 2024[148]. - The gross profit margin for logistics services improved to 30.3% in the three months ended December 31, 2025, from 22.2% in 2024[144]. - Revenue from the logistics services business contributed approximately $2.6 million, or 98.6% of total revenue for the nine months ended December 31, 2025, up from $2.3 million, or 70.2%, in 2024[157]. Garment Manufacturing - The garment manufacturing business aims to expand its customer base and improve profit margins, emphasizing quality and timely delivery[106]. - The company’s garment manufacturing operations are conducted through three wholly-owned subsidiaries located in Guangdong province, China[101]. - The garment manufacturing business reported a gross profit of $290 for the three months ended December 31, 2025, down from $5,620 in 2024, with a gross profit margin decline to 6.1%[143]. - The company’s garment manufacturing business generated a gross profit of $10,304 for the nine months ended December 31, 2025, down from $50,562 in 2024, with a gross margin increase to 27.4% from 18.8% due to external procurement[164]. Financial Performance - Total revenue for the three months ended December 31, 2025, increased by approximately $110,947, or 12.8%, to $975,823 compared to $864,876 in the same period of 2024[133]. - Gross profit for the three months ended December 31, 2025, was $294,913, representing a 55.1% increase from $190,167 in 2024[145]. - Loss from operations decreased to $68,793 for the three months ended December 31, 2025, from $150,035 in 2024, reflecting a 54.1% improvement[133]. - Total revenue for the nine months ended December 31, 2025, increased by $71,985, or 2.8%, to $2,622,869, driven primarily by a $0.30 million increase in logistics services revenue[155]. - The gross profit for the nine months ended December 31, 2025, was $710,474, representing a gross margin of 27.1%, down from $925,725 and 36.3% in 2024, primarily due to increased costs and competitive pricing strategies[165]. - Loss from operations for the nine months ended December 31, 2025, was $873,516, a significant increase of 78.1% compared to a loss of $490,574 in 2024[171]. - The company incurred a net loss of approximately $4.2 million for the three months ended December 31, 2025, compared to a net loss of approximately $1.1 million for the same period in 2024, with a basic and diluted loss per share of $0.45 and $0.19, respectively[152]. - The company incurred a net loss of approximately $4.7 million for the nine months ended December 31, 2025, compared to a net loss of $3.0 million for the same period in 2024, with basic and diluted loss per share of $0.50 and $0.53, respectively[175]. Expenses and Taxation - General and administrative expenses increased by approximately 13.9% to $354,597 for the three months ended December 31, 2025, from $311,383 in 2024[147]. - Operating expenses increased by 11.8% to $1,583,990 for the nine months ended December 31, 2025, compared to $1,416,299 in 2024[166]. - The income tax expense for the three months ended December 31, 2025, was $248, significantly lower than $3,116 in 2024[149]. - Income tax expense for the nine months ended December 31, 2025, was $1,082, a decrease from $4,643 in 2024, as the company had no taxable income in the PRC[172]. Cash Flow and Financial Position - Net cash used in operating activities was approximately $1.1 million for the nine months ended December 31, 2025, a decrease of approximately $1.9 million compared to cash provided by operating activities of $0.8 million in 2024[176]. - Net cash used in investing activities was approximately $0.28 million for the nine months ended December 31, 2025, which is $0.13 million more than the $0.15 million used in 2024[177]. - Net cash provided by financing activities was approximately $1.3 million for the nine months ended December 31, 2025, compared to cash used of $1.0 million in 2024, reflecting a difference of approximately $0.34 million[178]. - As of December 31, 2025, the company had cash on hand of approximately $0.2 million, total current assets of approximately $27.9 million, and current liabilities of approximately $1.3 million[179]. - The company expects to fund operations through revenue generated by its business, proceeds from prior fundraising activities, and capital contributions from its CEO[179]. Economic Environment - Economic uncertainty in China has led to increased pricing pressure, impacting sales growth and operating margins[115]. - The company has experienced no significant impact on the timeliness of receivable collections despite economic challenges[115]. - The logistics services business is more vulnerable to shipping delays during the Chinese New Year due to traffic and port congestion[110]. Other Financial Information - The company disposed of its property management subsidiary, HX, in July 2025, resulting in an income of $6,857 from the disposal[105]. - As of December 31, 2025, the company has a total of 56,238 square meters of floor space for property management[104]. - The company reported a fair value loss of $4,140,772 for the nine months ended December 31, 2025, compared to a loss of $1,045,448 in 2024, reflecting a 296.1% increase[154]. - The foreign currency translation loss for the nine months ended December 31, 2025, was approximately $(0.12) million, compared to a gain of $0.06 million in 2024[181]. - The company has no off-balance sheet arrangements that could affect its financial condition as of December 31, 2025[182].
Addentax Group Corp. Advances Sovereign-Aligned Stablecoin Initiative in Southeast Asia with Strategic Bitcoin Investor, Within Plan to Pursue up to 12,000 Bitcoins Acquistion
Prnewswire· 2026-02-12 14:25
Addentax Group Corp. Advances Sovereign-Aligned Stablecoin Initiative in Southeast Asia with Strategic Bitcoin Investor, Within Plan to Pursue up to 12,000 Bitcoins Acquistion [Accessibility Statement] Skip NavigationSHENZHEN, China, Feb. 12, 2026 /PRNewswire/ -- Addentax Group Corp. (Nasdaq: ATXG) (the "Company", "ATXG", "we", "us" or "our") today announced that it is engaged in advanced discussions with a strategic Bitcoin investor (the "Investor"), a significant global holder of Bitcoin, to explore a pot ...
Addentax Group Corp. Announces Proposed Acquisition of Leading Asian AI-Enabled Hong Kong-based Licensed Digital Lending Platform, with Over HK$2 Billion Annual Loan Volume
Prnewswire· 2026-02-11 14:25
Addentax Group Corp. Announces Proposed Acquisition of Leading Asian AI-Enabled Hong Kong-based Licensed Digital Lending Platform, with Over HK$2 Billion Annual Loan Volume [Accessibility Statement] Skip NavigationSHENZHEN, China, Feb. 11, 2026 /PRNewswire/ -- Addentax Group Corp. (Nasdaq: ATXG) ("ATXG" or the "Company") announced today that it has entered into late-stage negotiations regarding a proposed acquisition of a Hong Kong–based online credit services provider operating under a licensed money lendi ...
Addentax Group Corp. Entered Into Memorandum of Understanding for Potential US$200 Million Strategic Investment with Middle East Royal-Backed Institutional Investors at Proposed Price of $1.50 per Share, Supporting AI and Crypto Strategy
Prnewswire· 2026-02-10 14:25
Addentax Group Corp. Entered Into Memorandum of Understanding for Potential US$200 Million Strategic Investment with Middle East Royal-Backed Institutional Investors at Proposed Price of $1.50 per Share, Supporting AI and Crypto Strategy [Accessibility Statement] Skip NavigationSHENZHEN, China, Feb. 10, 2026 /PRNewswire/ -- Addentax Group Corp. (Nasdaq: ATXG) (the "Company", "ATXG", "we", "us" or "our") today announced that on February 9, 2026, it entered into separate memorandum of understanding (each, an ...
Addentax Group Corp. Announces Proposed Acquisition of Artificial Intelligence (AI)-empowered and Crypto-enabled Asset Management Platform, with Potential to Generate Approximately HKD 300 Million in Revenue
Prnewswire· 2026-02-06 14:20
SHENZHEN, China, Feb. 6, 2026 /PRNewswire/ -- Addentax Group Corp. (Nasdaq: ATXG) (the "Company", "ATXG", "we", "us" or "our") today announced the proposed strategic acquisition of the offshore wealth management and integrated cross-border service business of Hong Kong-based Riches Group, a provider of global asset allocation and cross-border services. The Company believes that, if completed, the proposed acquisition would support the Company's global expansion strategy by facilitating the integration of R ...
Addentax(ATXG) - 2026 Q2 - Quarterly Report
2025-11-14 11:30
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].
美股异动丨盈喜集团跌29.79%,为跌幅最大的中概股
Ge Long Hui· 2025-10-22 00:25
| 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) ...
Why Super League Enterprise Shares Are Trading Higher By 200%; Here Are 20 Stocks Moving Premarket - Addentax Group (NASDAQ:ATXG), Better Home & Finance (NASDAQ:BETR)
Benzinga· 2025-09-23 09:41
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]
美股异动丨闽东红涨43.85%,为涨幅最大的中概股
Ge Long Hui· 2025-09-23 00:43
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]
美股异动丨雷亚电子涨35.57%,为涨幅最大的中概股
Ge Long Hui A P P· 2025-09-19 00:35
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]