Addentax(ATXG)
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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
Core Viewpoint - Addentax Group Corp. has entered into a memorandum of understanding for a potential strategic investment of US$200 million with Middle Eastern royal-backed institutional investors to support its AI and cryptocurrency initiatives [1] Group 1: Investment Details - The investment is structured as two separate MOUs, each investor intending to invest up to US$100 million by acquiring newly issued shares at a fixed price of US$1.50 per share [1] - The company and investors aim to negotiate definitive agreements within six months, which will include a share subscription agreement and related corporate approvals [1] Group 2: Strategic Collaboration - Discussions are ongoing regarding a potential strategic collaboration to advance the company's initiatives in AI and cryptocurrency financial services [1] - The collaboration aims to leverage Addentax's technological expertise and market presence, particularly in Hong Kong, alongside the investors' industry resources and regulatory insights [1] Group 3: Growth Potential - If the investment is finalized, it is expected to strengthen Addentax's balance sheet and provide capital for scaling AI-driven financial technology platforms and expanding compliant cryptocurrency services [1] - The proposed investment reflects the investors' interest in Addentax's business model and long-term growth strategy [1]
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]