Agape ATP Corp Segments Disclosure
21. SEGMENT REPORTING
ASC 280 “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Group’s internal organizational management structure as well as information about geographical areas, business segments, and major customers in the financial statements.
Our Chief Executive Officer, who is considered to be our chief operating decision maker, or CODM, reviews financial information presented on an operating segment basis for purposes of making decisions and assessing financial performance.
Skin care, health and wellness segment includes the provision of health and wellness products and health solution advisory services.
Green energy segment includes providing renewable energy products, technical solutions, installations and maintenance services.
Operating results by segment include costs or expenses that are directly attributable to each segment, and costs or expenses that are leveraged across our unified architecture and therefore allocated between the two segments.
The table below presents details of our reporting segments:
Skin care, Health and Wellness | Green Energy | Unallocated Expenses | Total | |||||||||||||
| Year ended December 31, 2025 | ||||||||||||||||
| Revenue | 1,384,535 | 139,727 | 1,524,262 | |||||||||||||
| Operating loss | (709,343 | ) | (62,440 | ) | (1,535,824 | ) | (2,307,607 | ) | ||||||||
| Total assets | 550,289 | 72,432 | 23,968,557 | 24,591,278 | ||||||||||||
Skin care, Health and Wellness | Green Energy | Unallocated Expenses | Total | |||||||||||||
| Year ended December 31, 2024 | ||||||||||||||||
| Revenue | 1,279,984 | 42,763 | 1,322,747 | |||||||||||||
| Operating loss | (757,064 | ) | (4,435 | ) | (1,724,545 | ) | (2,486,044 | ) | ||||||||
| Total assets | 807,394 | 95,487 | 2,337,138 | 3,240,020 | ||||||||||||
The “Unallocated Expenses” category comprises corporate headquarter operations and one minor business components.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 13, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.