4月8日，星图国际集团(YIBO)盘中上涨6.8%，截至22:59，报1.1美元/股，成交1113.0美元，总市值 5926.98万美元。 本文源自：金融界 作者：行情君 财务数据显示，截至2024年06月30日，星图国际集团收入总额7726.4万美元，同比增长4.12%；归母净 利润429.7万美元，同比增长7.59%。 资料显示，星图国际集团有限公司的历史可追溯至二零一一年,当时江西亿铂及Aster BVI注册成立为本 集团两个主要经营实体。本集团由公司的创办人及作为被动投资者的企业家黄先生成立。最初,本集团 在前股东余志宏先生的管理下营运,直至二零一一年十二月三十一日前后,此后,其中一名控股股东兼创办 人谷先生接任领导本集团营运。谷先生拥有抓紧相容性碳粉盒行业潜在商机的强大愿景,并领导本集团 专注於研发、专利保护、制造业务以及海外销售业务。於二零一三年八月,谷先生成为本集团单一最大 股东,此后,凭藉谷先生多年来的持续领导、所作努力及贡献,於最后可行日期,本集团目前在美国、欧洲 (包括荷兰、英国、俄罗斯及德国)、日本及中国拥有约超过300个注册专利,用於公司开发与相容性碳粉 盒制造相关的生产程序、设备及专 ...

4月1日，星图国际集团(YIBO)盘中上涨3.45%，截至22:00，报1.2美元/股，成交3265.0美元，总市值 6465.79万美元。 财务数据显示，截至2024年06月30日，星图国际集团收入总额7726.4万美元，同比增长4.12%；归母净 利润429.7万美元，同比增长7.59%。 资料显示，星图国际集团有限公司的历史可追溯至二零一一年,当时江西亿铂及Aster BVI注册成立为本 集团两个主要经营实体。本集团由公司的创办人及作为被动投资者的企业家黄先生成立。最初,本集团 在前股东余志宏先生的管理下营运,直至二零一一年十二月三十一日前后,此后,其中一名控股股东兼创办 人谷先生接任领导本集团营运。谷先生拥有抓紧相容性碳粉盒行业潜在商机的强大愿景,并领导本集团 专注於研发、专利保护、制造业务以及海外销售业务。於二零一三年八月,谷先生成为本集团单一最大 股东,此后,凭藉谷先生多年来的持续领导、所作努力及贡献,於最后可行日期,本集团目前在美国、欧洲 (包括荷兰、英国、俄罗斯及德国)、日本及中国拥有约超过300个注册专利,用於公司开发与相容性碳粉 盒制造相关的生产程序、设备及专有技术。公司的线下渠道遍及全球 ...

Regulatory Approvals and Compliance - The company received approval from the China Securities Regulatory Commission (CSRC) for its initial public offering on September 25, 2023, and its Class A ordinary shares have been listed on the Nasdaq since January 25, 2024[34]. - The company has completed the requisite licenses and approvals for its operations in Mainland China, including pollution discharge permission for recycled laser printer toner cartridges[33]. - The company is not required to obtain any permission from Chinese authorities for its Hong Kong subsidiaries' operations, which focus on online retail of toner cartridge products[33]. - The company faces risks from potential changes in the legal and regulatory environment in China, which could materially affect its operations and the value of its Class A ordinary shares[31]. - The company’s auditor, HTL International, LLC, is subject to PCAOB inspections and has not been inspected since its registration in 2023[39]. - The company may face delisting risks under the Holding Foreign Companies Accountable Act if the PCAOB cannot inspect its auditor for two consecutive years[38]. - The company’s Mainland PRC subsidiaries have all requisite permissions to conduct their business as currently described[33]. - The company has completed record-filing of customs declaration entities for the import and export of goods and technology[32]. - The company is subject to potential fines ranging from RMB1 million to RMB10 million for non-compliance with filing requirements under the Administration Measures[34]. - The company is not currently required to conduct a cybersecurity review under the Cybersecurity Review Measures, as its business operations do not involve critical information infrastructure or data processing as a network platform operator[142]. Financial Performance and Revenue - Revenue for the years ended December 31, 2022, 2023, and 2024 amounted to approximately US$142.1 million, US$150.2 million, and US$149.8 million, respectively[95]. - Gross profit for the same years was approximately US$55.0 million, US$59.0 million, and US$52.3 million, with gross profit margins of approximately 38.7%, 39.3%, and 34.9%[95]. - A significant portion of revenue is derived from export sales, which accounted for substantially all revenue for the years ended December 31, 2022, 2023, and 2024[76]. - The operating subsidiaries' revenue from online retail stores was approximately US$11.5 million, US$11.4 million, and US$12.9 million for the years ended December 31, 2022, 2023, and 2024, respectively, accounting for approximately 8.1%, 7.6%, and 8.6% of total revenue[108]. - Revenue generated from Russia was US$5.5 million, US$6.3 million, and US$3.5 million for the years ended December 31, 2022, 2023, and 2024, representing 3.9%, 4.2%, and 2.3% of total revenues, respectively[120]. - Revenue from Eastern Europe was US$15.2 million, US$13.6 million, and nil for the years ended December 31, 2022, 2023, and 2024, representing 10.7%, 9.1%, and nil of total revenue, respectively[120]. - The operating subsidiaries typically experience lower revenue in the fourth quarter due to decreased demand for toner cartridges during the Christmas holidays[105]. - The company has not declared or paid dividends to its shareholders in the past and does not plan to do so in the foreseeable future[47]. Cash Flow and Transfers - Total cash flows between Mainland PRC subsidiaries and other subsidiaries for the fiscal year ended December 31, 2023 amounted to US$43.93 million from Aster HK to Jiangxi Yibo[42]. - Cash transactions from Hong Kong subsidiaries to the Cayman Islands holding company totaled US$14.23 million for operating activities[40]. - Cash transfers from the Cayman Islands holding company to Mainland PRC subsidiaries are subject to PRC laws and regulations, which may limit the ability to fund and expand business operations[48]. - Cash transfers from the Cayman Islands holding company to U.S. investors are contingent on having sufficient profits or retained earnings[46]. - The company’s ability to remit sufficient foreign currency to pay dividends or other payments may be restricted due to shortages in the availability of foreign currency[151]. Operational Risks and Challenges - The company faces risks related to the ability to meet customer demands in the compatible toner cartridge market, which may affect financial performance[59]. - The operating subsidiaries may face risks of obsolete inventories due to technological upgrades by original-brand printer manufacturers, potentially leading to losses in research and development expenses[66]. - The operating subsidiaries do not have long-term contractual arrangements with suppliers, which may lead to production volume and quality issues if suppliers fail to meet requirements[69]. - The operating subsidiaries' ability to maintain or increase product selling prices is critical, as market perception changes could adversely affect financial performance[68]. - Economic conditions in North America and Europe significantly impact the operating subsidiaries' financial performance, with potential adverse effects from reduced consumer spending[72]. - The operating subsidiaries may struggle to maintain customer relationships and secure new purchase orders, which could adversely affect sales and financial results[75]. - The operating subsidiaries face operational risks that could disrupt production, including equipment failure and natural disasters[98]. - The operating subsidiaries' insurance coverage may not be sufficient to cover all risks, potentially leading to substantial financial losses[97]. Taxation and Regulatory Environment - The company may be subject to an EIT rate of 25% if preferential tax treatments change or are canceled, which would adversely affect financial condition[88]. - If classified as a Mainland PRC resident enterprise, the company could face a 25% tax on worldwide income, significantly reducing net income[171]. - The PRC government may further restrict access to foreign currencies for current and capital account transactions, potentially impacting the company's ability to pay dividends in foreign currencies[152]. - The PRC Data Security Law imposes data security and privacy obligations on entities, affecting operational compliance[134]. - The enforcement of the PRC Labor Contract Law may increase labor costs and expose the company to penalties or liabilities due to evolving regulations[155]. Shareholder and Market Considerations - The dual-class voting structure allows Class B shareholders to control 90.52% of the voting power despite holding only 48.84% of the total share capital, which may limit the influence of Class A shareholders[187]. - The trading price of the company's Class A ordinary shares is likely to be volatile, influenced by market factors and operational performance[180]. - The concentration of ownership in Class B shares may discourage potential mergers or takeovers that could benefit Class A shareholders[186]. - Future sales or perceived potential sales of Class A ordinary shares could lead to a decline in their market price[192]. - The company may face difficulties in protecting shareholder interests due to its incorporation under Cayman Islands law, which has less developed corporate governance standards compared to the U.S.[194]. Research and Development - The company has established over 400 registered patents in the U.S., Europe, and China related to the production process and proprietary technologies for compatible toner cartridges[213]. - The company has focused on research and development, patent protection, and manufacturing operations to seize business opportunities in the compatible toner cartridge industry[213]. - The company operates 11 online retail stores on various platforms to expand its reach to end consumers[213].

Planet Image (NASDAQ:YIBO) stock is heading higher on Monday alongside heavy pre-market trading of the ancillary printer components company’s shares this morning.That has more than 3.9 million shares traded as of this writing. To put that in perspective, the company’s daily average trading volume is only about 8,000 shares. Its float is also low at 1.78 million units.Investors will note that the YIBO stock movement this morning comes without any clear news. That includes a lack of press releases or filings ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Ordinary Shares, par value HK$0.0001 per share YIBO The Nasdaq Stock Market FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO ...