A
ADDENTAX GROUP CORP.
ATXGCIK 0001650101NasdaqNon-AcceleratedSmaller ReportingServices-Mailing, Reproduction, Commercial Art & PhotographyNevadaFY ends Mar 31
Period
FY 2026
Revenue
$5.37M
Net Income
$-4.47M
Total Assets
$29.25M
Equity
$21.80M
Shares Out
1.03M
Op. Cash Flow
$-603.6K
Business
Addentax Group Corp. is a Nevada holding company operating through PRC and Hong Kong subsidiaries engaged in garment manufacturing, logistics services, business consulting, and apparel trading. It manufactures garments for fashion brands through two PRC subsidiaries, provides regional logistics and courier services across 45 Chinese cities via its own fleet and contractors, and offers wealth planning and insurance-referral consulting to high-net-worth families in mainland China and Hong Kong. The company also recently acquired Keemo Fashion Group Limited, which operates apparel wholesale distribution and a digital fiction platform.
Summary from 10-K filed 2026-06-29
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| REVENUES | 5 | 4 | 5 | 8 | 13 | |
| COST OF REVENUES | −5 | −4 | −4 | −6 | −11 | |
| GROSS PROFIT | 757,605 | 634,257 | 1 | 2 | 2 | |
| Selling and marketing | −24,433 | −393,226 | −130,603 | −78,769 | −206,251 | |
| General and administrative | −2 | −2 | −2 | −2 | −2 | |
| Total operating expenses | −2 | −2 | −2 | −2 | −2 | |
| LOSS FROM OPERATIONS | −2 | −2 | −1 | −462,915 | −57,005 | |
| Change in fair value of warrants and embedded conversion feature | −3 | −2 | 2 | 3 | — | |
| Interest income | 1,157 | 1,321 | 6,877 | 8,463 | 7,818 | |
| Interest expenses | −614,799 | −1 | −4 | −2 | −9,891 | |
| Other income (expenses), net | 519,367 | 212,391 | −307,577 | 320,556 | 160,570 | |
| LOSS BEFORE INCOME TAX EXPENSE | −5 | −5 | −3 | 1 | 101,492 | |
| Income tax expense | −4,106 | −4,649 | −11,605 | −22,143 | −23,494 | |
| LOSS FROM CONTINUING OPERATIONS, NET OF INCOME TAXES | −5 | −5 | — | — | — | |
| Income on discontinued operations | 467,855 | — | — | — | — | |
| NET LOSS | −4 | −5 | — | — | — | |
| Equity holders of the Company | −4 | −5 | — | — | — | |
| Non-controlling interests | −106 | — | — | — | — | |
| NET LOSS | −4 | −5 | −3 | 1 | 77,998 | |
| Loss per share from continuing operations - Basic | −6.92 | −12.75 | — | — | — | |
| Loss per share from continuing operations - Diluted | −6.92 | −12.75 | — | — | — | |
| Earning per share from discontinued operations - Basic | 0.66 | — | — | — | — | |
| Earning per share from discontinued operations - diluted | 0.66 | — | — | — | — | |
| Earnings per share basic | −6.27 | −12.75 | −0.71 | 0.04 | 0 | |
| Earnings per share diluted | −6.27 | −12.75 | −0.71 | 0.04 | 0 | |
| Weighted average number of shares outstanding - Basic | 713,142 | 399,543 | 4 | 30 | 27 | |
| Weighted average number of shares outstanding - Diluted | 713,142 | 399,543 | 4 | 36 | 27 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2023 2023-01-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 574,267 | 324,953 | 816,186 | 562,711 | — | |
| Restricted cash | 10,756 | 3 | — | — | — | |
| Accounts receivables | 773,792 | 929,817 | 2 | 2 | — | |
| Debt securities held-to-maturity | 12 | 18 | 18 | 18 | — | |
| Inventories | 180,977 | 166,874 | 63,505 | 285,528 | — | |
| Prepayments, Deposits and Other receivables | 4 | 4 | 2 | — | — | |
| Advances to suppliers | 246,908 | 198,494 | 1 | 1 | — | |
| Total current assets | 23 | 30 | 29 | 23 | — | |
| Plant and equipment, net | 340,840 | 387,997 | 568,854 | 649,120 | — | |
| Goodwill | 6 | — | — | — | — | |
| Operating lease right of use asset | — | 19 | 20 | 272,488 | — | |
| Long-term prepayment | 14,658 | 265,449 | 291,938 | 90,032 | — | |
| Total non-current assets | 6 | 19 | 23 | 18 | — | |
| TOTAL ASSETS | 29 | 49 | 52 | 41 | — | |
| Short-term loan | 671,824 | 640,878 | 440,671 | 137,468 | — | |
| Accounts payable | 734,480 | 53,199 | 359,488 | 267,501 | — | |
| Related party borrowings | 1 | 161,594 | 1 | 2 | — | |
| Advances from customers | 110,642 | 332,492 | — | — | — | |
| Accrued expenses and other payables | 421,115 | 2 | 1 | 606,843 | — | |
| Lease liabilities, current portion | — | 905,958 | 1 | 127,101 | — | |
| Deferred Revenue | 45,255 | — | — | — | — | |
| Total current liabilities | 3 | 4 | 5 | 4 | — | |
| Convertible debts | — | 3 | 3 | 11 | — | |
| Derivative liabilities | 5 | 3 | 287,955 | 2 | — | |
| Lease liability, net of current portion | — | 18 | 19 | 145,387 | — | |
| Total non-current liabilities | 5 | 23 | 22 | 14 | — | |
| TOTAL LIABILITIES | 8 | 27 | 26 | 17 | — | |
| Common stock ($0.001 par value, 250,000,000 shares authorized, 781,256 and 402,918 shares issued and outstanding as of March 31, 2026 and March 31, 2025, respectively | 781 | 403 | 5,384 | 35,455 | 250,000 | |
| Additional paid-in capital | 40 | 35 | 35 | 30 | — | |
| Statutory reserve | 37,422 | 37,422 | 37,020 | 28,457 | — | |
| Accumulated deficits | −18 | −14 | −9 | −5 | — | |
| Accumulated other comprehensive income | −60,426 | 111,151 | 63,017 | −19,473 | — | |
| Total equity attributable to equity holders of ADDENTAX GROUP CORP. | 22 | 22 | 26 | 24 | — | |
| Non-controlling interests | −118,526 | — | — | — | — | |
| Total equity | 22 | 22 | 26 | — | — | |
| TOTAL LIABILITIES AND EQUITY | 29 | 49 | 52 | 41 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 557,860 | 2 | 951,646 | 344,896 | 157,604 | |
| Amortization of debt discount | 572,449 | 1 | 4 | 1 | — | |
| Stock-Based Compensation Expense | 70,001 | — | — | — | — | |
| Investment income | −364,583 | −330,000 | −218,750 | −218,750 | — | |
| Fair value (gain) or loss | 3 | 2 | −2 | −3 | — | |
| (Gain)/Loss on debts extinguishment | −8,979 | −62,200 | 697,318 | — | — | |
| (Gain)/Loss from sale of property and equipment | −23,586 | 73,236 | — | — | — | |
| Loss on disposal of subsidiary | 12,358 | 334,135 | — | — | — | |
| Accounts receivable | 118,248 | 767,233 | −247,562 | 306,081 | 3 | |
| Inventories | −14,103 | −112,228 | 222,023 | −18,932 | 3,838 | |
| Advances to suppliers | −79,884 | 72,234 | 271,713 | −99,609 | −826,012 | |
| Other receivables | −568,705 | 1 | −259,260 | −1 | 108,951 | |
| Accounts payables | 695,799 | −306,289 | 91,987 | −1 | −2 | |
| Accrued expenses and other payables | −559,246 | −888,791 | −551,039 | 870,849 | 763,489 | |
| Advances from customers | 148,503 | 129,925 | 110,799 | −223 | −654 | |
| Net cash (used in) provided by operating activities | −603,603 | 816,001 | −411,473 | −2 | 1 | |
| Purchase of plant and equipment | −180,894 | −197,592 | −135,431 | — | −198,122 | |
| Cash acquired from subsidiary | 15,667 | — | — | — | — | |
| Proceeds from sale of property and equipment and intangible assets | 23,938 | — | — | — | — | |
| Cash decreased in disposal of subsidiaries | −155,563 | −8,219 | — | −1 | — | |
| Net cash used in by investing activities | −296,852 | −205,811 | 90,731 | −21 | −198,122 | |
| Proceeds from related party borrowings | 845,654 | 169,158 | 3 | 3 | 5 | |
| Repayment of related party borrowings | −431,827 | −301,522 | −5 | −4 | −6 | |
| Cash advance to related parties | −4 | −4 | −2 | — | — | |
| Repayment from related parties | 2 | 3 | — | — | — | |
| Proceeds from bank borrowings | 513,533 | 1 | 662,026 | — | — | |
| Repayment of bank borrowings | −514,824 | −797,795 | −352,134 | −2,018 | −6,531 | |
| Release of restricted cash | 3 | — | 5 | −15 | — | |
| Payment for redemption of convertible debts | −390,000 | −586,290 | — | — | — | |
| Proceeds from issuance of common stocks | — | 646,800 | — | 23 | — | |
| Net cash provided by (used in) financing activities | 1 | −1 | 521,704 | 22 | −1 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 253,800 | −491,951 | 200,962 | −891,474 | −480,053 | |
| Effect of exchange rate changes on cash and cash equivalents | −4,486 | 718 | 52,513 | 63,541 | 25,620 | |
| Cash paid during the year for interest | 41,017 | 52,617 | 25,562 | — | 116 | |
| Cash paid during the year for income tax | 4,106 | 4,649 | 11,605 | 21,442 | 23,494 |
Filings
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Frequently asked questions
What is ADDENTAX GROUP CORP.'s CIK number?
ADDENTAX GROUP CORP.'s SEC CIK number is 0001650101 (1650101). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ADDENTAX GROUP CORP.'s SEC filings?
All of ADDENTAX GROUP CORP.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.