Addentax Group Corp (OQ:ATXG)
Business Focus: Courier Services
| Sector: Industrials | Industry: Air Freight & Logistics |
| Company Contact | |
| Address: | Kingkey 100 Block A, Room 4805, Luohu District SHENZHEN GNG 518000 |
| Tel: | N/A |
| Website: | https://www.addentax.com |
| IR: | See website |
| Key People | ||
| Zhida Hong Chairman of the Board, President, Chief Executive Officer, Secretary | Huang Chao Chief Financial Officer, Treasurer | |
| Business Overview |
| Addentax Group Corp is a China-based holding company principally engaged in the manufacture of garment and provision of logistic services. The Company operates through four main segments. Garment Manufacturing Business segment is engaged in the production of garment and sales of garment to wholesalers. Logistic Business segment is involved in the provision of delivery and courier services covering approximately 79 cities and two municipalities in China. Property Management and Subleasing business segment provides shops subleasing and property services for garment wholesalers and retailers. Epidemic Prevention Supplies Business segment is involved in manufacturing and distribution of epidemic prevention products and resale of epidemic prevention supplies. The Company is also outsourcing some of the businesses to contractors. |
| Financial Overview |
| For the nine months ended 31 December 2023, Addentax Group Corp revenues decreased 42% to $3.9M. Net loss totaled $4M vs. income of $98K. Revenues reflect Property management and subleasing segment decrease of 88% to $311K, Logistic Service segment decrease of 12% to $3.4M, Corporate and other segment decrease from $12K to $0K. Net loss reflects Property management and subleasing segment loss totaling $181K vs. income of $255K. |
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