Based on the provided financial report articles, I generated the title for the article: "Quarterly Financial Report for Q3 2025: ATXG, Inc." Please note that the title may not be exact, as the provided text appears to be a financial report with various sections and data, and the title may not be explicitly stated.
Unfortunately, the provided text does not contain a financial report, but rather a series of financial statements and data points. However, I can try to summarize the key financial figures and main events mentioned in the text:
- The report appears to be for a company with the ticker symbol 0001650101, with financial data presented for various periods, including Q3 2025, 2024, and 2023.
- The company’s common stock, additional paid-in capital, retained earnings (unrestricted and statutory reserve), and accumulated other comprehensive income are all mentioned.
- The report includes data on the company’s financial position and performance for various periods, including balance sheet and income statement information.
- The text does not provide a clear summary of the company’s financial performance or any significant events or developments.
If you could provide more context or clarify what specific information you are looking for, I may be able to help you better.
Overview
Addentax Group Corp. is a Nevada holding company with no material operations of its own. The company conducts substantially all of its operations through its operating companies established in the People’s Republic of China (PRC). Addentax classifies its businesses into three main segments: garment manufacturing, logistics services, and property management and subleasing.
Our Business
Addentax is not a Chinese operating company, but rather a holding company that does not directly own any substantive business operations in China. The company’s holding company structure involves unique risks to investors, as Chinese regulatory authorities could disallow the operating structure, which would likely result in a material change in Addentax’s operations and/or the value of its common stock.
Addentax’s subsidiaries include:
- Yingxi Industrial Chain Group Co., Ltd. (Seychelles)
- Yingxi Industrial Chain Investment Co., Ltd. (Hong Kong)
- Several PRC companies, including Qianhai Yingxi Textile & Garments Co., Ltd., Shenzhen Qianhai Yingxi Industrial Chain Services Co., Ltd., Dongguan Heng Sheng Wei Garments Co., Ltd., Dongguan Yushang Clothing Co., Ltd., Shenzhen Yingxi Peng Fa Logistic Co., Ltd., Shenzhen Xin Kuai Jie Transportation Co., Ltd., Dongguan Au Te Si Garments Co., Ltd., and Dongguan Hongxiang Commercial Co., Ltd.
Business Objectives
- Garment Manufacturing: Expand customer base and improve profit
- Logistics Services: Establish an efficient logistics system and build a nationwide delivery and courier network in China
- Property Management and Subleasing: Integrate resources in shopping malls, develop e-commerce bases, and drive to increase the value of stores in the area
Seasonality of Business
- Garment Manufacturing: More orders in Q2 and Q3, fewer in May-June
- Logistics Services: More orders in Q3 and Q4, vulnerable to delays during Chinese New Year
- Property Management and Subleasing: No significant seasonality
Collection Policy
- Garment Manufacturing: New customers pay advances/deposits, established customers 30-180 days
- Logistics Services: 30-90 days after package registration
- Property Management and Subleasing: Rental and management fees collected monthly in advance
Economic Uncertainty
Addentax’s business is dependent on consumer demand and has experienced continued pricing pressure due to the uncertain economic environment in China. The company believes its core strengths will allow it to execute its strategy for long-term sustainable growth.
Summary of Critical Accounting Policies
Key policies include estimates and assumptions, revenue recognition, leases, accounts receivable, and recently issued accounting pronouncements.
