ADDENTAX GROUP CORP. ATXG
Group Corp. was incorporated in the State of Nevada on October 28, 2014. We were originally incorporated to produce images on multiple
surfaces, such as glass, leather, plastic, ceramic, textile, and others using a 3D sublimation vacuum heat transfer machine. We no longer
pursue opportunities related to 3D printing positioning.
December 28, 2016, we entered into a Sale and Purchase Agreement ("SPA") with Yingxi Industrial Chain Group Co., Ltd.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.4M | $4.2M | $5.2M | $7.9M | $12.7M | $24.7M | $10.2M | $10.0M | $13.4M | $5.3M |
| Cost of revenue | $4.6M | $3.5M | $4.0M | $6.1M | $10.6M | $25.9M | $8.8M | $8.7M | $12.0M | $5.1M |
| Gross profit | $757.6K | $634.3K | $1.1M | $1.8M | $2.1M | -$1.2M | $1.4M | $1.3M | $1.4M | $256.0K |
| SG&A | $2.3M | $2.1M | $2.1M | $2.2M | $1.9M | $2.0M | $2.2M | $1.9M | $1.7M | $622.5K |
| Total operating expenses | $2.3M | $2.5M | $2.2M | $2.3M | $2.1M | $2.4M | $2.2M | $2.0M | $1.7M | $630.2K |
| Operating income | -$1.5M | -$1.8M | -$1.1M | -$462.9K | -$57.0K | -$3.6M | -$864.3K | -$683.1K | -$256.0K | -$374.2K |
| Interest expense | $614.8K | $1.1M | $3.7M | $1.5M | $9.9K | $19.1K | $20.8K | — | — | — |
| Pre-tax income | -$4.9M | -$5.1M | -$3.1M | $1.3M | $101.5K | -$3.6M | -$964.5K | -$685.8K | -$690.1K | -$358.2K |
| Income tax | $4.1K | $4.6K | $11.6K | $22.1K | $23.5K | $25.9K | $16.1K | $8.6K | $19.3K | $13.6K |
| Net income | -$4.5M | -$5.1M | -$3.1M | $1.3M | $78.0K | -$3.6M | -$980.6K | -$694.3K | -$709.4K | -$371.8K |
| EPS, basic | -6.27 | -12.75 | -0.71 | 0.04 | 0.00 | -0.14 | — | — | — | — |
| EPS, diluted | -6.27 | -12.75 | -0.71 | 0.04 | 0.00 | -0.14 | -0.04 | -0.03 | 0.03 | 0.00 |
| Shares, diluted (wtd. avg.) | $713.1K | $399.5K | $4.4M | $35.7M | $26.7M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $574.3K | $325.0K | $816.2K | $562.7K | $1.4M | $1.8M | $531.7K | $277.3K | $264.8K | $176.9K |
| Receivables | $773.8K | $929.8K | $2.1M | $1.9M | $2.2M | $4.8M | $4.5M | $1.8M | $3.4M | $4.8M |
| Inventory | $181.0K | $166.9K | $63.5K | $285.5K | $266.6K | $270.4K | $347.5K | $318.0K | $239.2K | $445.4K |
| Total current assets | $22.9M | $29.8M | $29.2M | $23.0M | $5.7M | $8.0M | $6.0M | $2.8M | $6.4M | $7.0M |
| Property, plant and equipment | $340.8K | $388.0K | $568.9K | $649.1K | $836.4K | $794.0K | $585.0K | $694.4K | $648.5K | $663.2K |
| Goodwill | $6.0M | — | — | — | — | — | — | $475.0K | $475.0K | $929.7K |
| Total assets | $29.3M | $49.2M | $52.3M | $41.3M | $13.1M | $18.4M | $8.4M | $4.0M | $7.5M | $8.5M |
| Accounts payable | $734.5K | $53.2K | $359.5K | $267.5K | $1.3M | $3.1M | $3.6M | $884.3K | $1.5M | $1.6M |
| Short-term debt | $671.8K | $640.9K | $440.7K | $137.5K | $151.1K | $152.6K | $353.1K | $223.5K | — | — |
| Total current liabilities | $3.1M | $4.0M | $4.6M | $3.5M | $10.4M | $12.4M | $10.1M | $5.7M | $8.6M | $8.8M |
| Total liabilities | $7.6M | $27.4M | $26.3M | $17.2M | $13.2M | $18.5M | $11.5M | $5.7M | $8.6M | $8.8M |
| Retained earnings | -$18.1M | -$13.7M | -$8.6M | -$5.5M | -$6.8M | -$6.8M | -$3.2M | -$1.8M | -$1.1M | -$371.8K |
| Total equity | $21.8M | $21.7M | $26.0M | $24.1M | -$71.4K | -$81.5K | -$3.1M | -$2.2M | -$1.1M | -$244.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$603.6K | $816.0K | -$411.5K | -$1.6M | $1.1M | -$4.2M | -$1.2M | $1.2M | $1.9M | $561.5K |
| Depreciation and amortisation | $77.7K | $119.2K | $328.9K | $344.9K | $157.6K | $101.0K | $114.4K | $115.7K | $111.7K | $34.9K |
| Stock-based compensation | $70.0K | — | — | — | — | — | — | — | — | — |
| Capital expenditure | $180.9K | $197.6K | $135.4K | — | $198.1K | $405.9K | $136.0K | $229.2K | $97.1K | — |
| Investing cash flow | -$296.9K | -$205.8K | $90.7K | -$21.2M | -$198.1K | -$563.1K | -$136.0K | -$229.2K | -$3.1M | $227.7K |
| Financing cash flow | $1.2M | -$1.1M | $521.7K | $21.8M | -$1.4M | $6.1M | $1.6M | -$948.5K | $1.3M | -$612.4K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-031055.