ADDENTAX GROUP CORP.

Listed Company

ATXGCIK 0001650101NasdaqNon-AcceleratedSmaller ReportingServices-Mailing, Reproduction, Commercial Art & PhotographyNevadaFY ends Mar 31

Period

FY 2025

Revenue

$4.18M

Net Income

$-5.09M

Total Assets

$49.17M

Equity

$21.73M

Shares Out

11.72M

Op. Cash Flow

$816.0K

Business

Addentax Group Corp. is a Nevada holding company that conducts substantially all operations through its PRC subsidiaries in garment manufacturing, logistics services and property management and subleasing. It provides garment production for wholesalers and fashion brands, logistics (transportation, warehousing, packaging and customs) and shop subleasing and property management. Its principal segments are garment manufacturing, logistics services, and property management and subleasing. It operates mainly in China, particularly Guangdong, distributing via direct sales to wholesalers and retailers, an in‑house delivery network and outsourced contractors.

Summary from filing dated 2025-06-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
REVENUES	4	5	8	13	25
COST OF REVENUES	−4	−4	−6	−11	−26
GROSS PROFIT	634,257	1	2	2	−1
Selling and marketing	−393,226	−130,603	−78,769	−206,251	−413,654
General and administrative	−2	−2	−2	−2	−2
Total operating expenses	−2	−2	−2	−2	−2
LOSS FROM OPERATIONS	−2	−1	−462,915	−57,005	−4
Change in fair value of warrants and embedded conversion feature	−2	2	3	—	—
Interest income	1,321	6,877	8,463	7,818	—
Interest expenses	−1	−4	−2	−9,891	−19,142
Other income (expenses), net	212,391	−307,577	320,556	160,570	62,784
LOSS BEFORE INCOME TAX EXPENSE	−5	−3	1	101,492	−4
Income tax expense	−4,649	−11,605	−22,143	−23,494	−25,867
NET LOSS	−5	−3	1	77,998	−4
Foreign currency translation gain	48,133	82,490	151,511	−67,867	−159,605
TOTAL COMPREHENSIVE LOSS	−5	−3	1	10,131	−4
Basic	−0.85	−0.71	0.04	0	−0.14
Diluted	−0.85	−0.71	0.04	0	—
Weighted average number of shares outstanding - Basic	6	4	30	27	—
Weighted average number of shares outstanding - Diluted	6	4	36	27	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2023 2023-01-31	FY 2022 2022-08-31
Cash and cash equivalents	324,953	816,186	562,711	—	—
Restricted cash	3	3	—	—	—
Accounts receivables	929,817	2	2	—	—
Debt securities held-to-maturity	18	18	18	—	18
Inventories	166,874	63,505	285,528	—	—
Other receivables	4	2	—	—	—
Advances to suppliers	198,494	1	1	—	—
Total current assets	30	29	23	—	—
Plant and equipment, net	387,997	568,854	649,120	—	—
Operating lease right of use asset	19	20	272,488	—	—
Long-term prepayment	265,449	291,938	90,032	—	—
Long-term receivables	—	3	3	—	—
Total non-current assets	19	23	18	—	—
TOTAL ASSETS	49	52	41	—	—
Short-term loan	640,878	440,671	137,468	—	—
Accounts payable	53,199	359,488	267,501	—	—
Related party borrowings	161,594	1	2	—	—
Advances from customers	332,492	202,567	2,152	—	—
Accrued expenses and other payables	2	1	606,843	—	—
Lease liabilities, current portion	905,958	1	127,101	—	—
Total current liabilities	4	5	4	—	—
Convertible debts	3	3	11	—	—
Derivative liabilities	3	287,955	2	—	—
Lease liability, net of current portion	18	19	145,387	—	—
Total non-current liabilities	23	22	14	—	—
TOTAL LIABILITIES	27	26	17	—	—
Common stock ($0.001 par value, 250,000,000 shares authorized, 6,043,769 and 5,383,769 shares issued and outstanding as of March 31, 2025 and 2024, respectively)	6,044	5,384	35,455	250,000	—
Additional paid-in capital	35	35	30	—	—
Statutory reserve	37,422	37,020	28,457	—	—
Accumulated deficits	−14	−9	−5	—	—
Accumulated other comprehensive income	111,151	63,017	−19,473	—	—
Total equity	22	26	24	—	—
TOTAL LIABILITIES AND EQUITY	49	52	41	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Depreciation and amortization	2	951,646	344,896	157,604	101,014
Amortization of debt discount	1	4	1	—	—
Investment income	−330,000	−218,750	−218,750	—	—
Fair value (gain) or loss	2	−2	−3	—	—
(Gain)/Loss on debts extinguishment	−62,200	697,318	—	—	—
Gain on bargain purchase	—	−996	—	—	—
Loss from sale of property and equipment	73,236	—	—	—	46,769
Loss on disposal of subsidiary	334,135	—	—	—	—
Accounts receivable	767,233	−247,562	306,081	3	−365,122
Inventories	−112,228	222,023	−18,932	3,838	67,322
Advances to suppliers	72,234	271,713	−99,609	−826,012	−466,049
Other receivables	1	−259,260	−1	108,951	−186,571
Accounts payables	−306,289	91,987	−1	−2	−268,181
Accrued expenses and other payables	−888,791	−551,039	870,849	763,489	409,146
Advances from customers	129,925	110,799	−223	−654	28,833
Net cash provided by (used in) operating activities	816,001	−411,473	−2	1	−4
Purchase of plant and equipment	−197,592	−135,431	—	−198,122	−405,851
Cash acquired from subsidiary	—	226,162	—	—	—
Cash decreased in disposal of subsidiaries	−8,219	—	−1	—	−701,882
Net cash (used in) provided by investing activities	−205,811	90,731	−21	−198,122	−563,052
Proceeds from related party borrowings	169,158	3	3	5	9
Repayment of related party borrowings	−301,522	−5	−4	−6	−10
Cash advance to related parties	−4	−2	—	—	—
Repayment from related parties	3	—	—	—	—
Proceeds from bank borrowings	1	662,026	—	—	87,032
Repayment of bank borrowings	−797,795	−352,134	−2,018	−6,531	−221,268
Restricted cash	—	5	−15	—	—
Payment of issuance cost of convertible notes	—	−412,500	—	—	—
Payment for redemption of convertible debts	−586,290	—	—	—	—
Proceeds from issuance of common stocks	646,800	—	23	—	7
Net cash (used in) provided by financing activities	−1	521,704	22	−1	6
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	−491,951	200,962	−891,474	−480,053	1
Effect of exchange rate changes on cash and cash equivalents	718	52,513	63,541	25,620	−200
Cash paid during the year for interest	52,617	25,562	—	116	4,588
Cash paid during the year for income tax	4,649	11,605	21,442	23,494	25,867
Right-of-use assets obtained in exchange for operating lease obligations	—	20	—	470,763	9

Filings

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