Addentax Group Corp

Addentax Group Corp. engages in international supply chain management consulting service, which focuses on the textile and garments industry. It operates through the following segments: Garment Manufacturing, Logistics Services, Epidemic Prevention Supplies, and Property Management and Subleasing. The Garment Manufacturing segment is composed of sales made principally to wholesaler located in the People's Republic of China. The Logistics Services segment includes delivery and courier services covering some provinces in China. The Epidemic Prevention Supplies segment manufactures and distributes items and equipment for epidemic prevention. The Property Management and Subleasing segment offers services for garment wholesalers and retailers. The company was founded on October 28, 2014 and is headquartered in Shenzhen, China.

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Addentax Group Corp. engages in international supply chain management consulting service, which focuses on the textile and garments industry. It operates through the following segments: Garments Manufacturing, Logistics Services, Property Management and Subleasing, and Corporate and Other. The Garments Manufacturing segment focuses on manufacturing and distribution of garments. The Logistics Services segment includes delivery and courier services covering some provinces in China. The Property Management and Subleasing segment offers services for garment wholesalers and retailers. The Corporate and Other segment consists of general corporate services. The company was founded on October 28, 2014 and is headquartered in Shenzhen, China.

SHENZHEN, China , April 29, 2024 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management, and subleasing, has announced that it has entered into Private Placement Agreements (the "Agreements") with two investors (the "Investors"), who are independent third parties. Under the Agreements, the Company will sell to each of the investor 330,000 shares of common stock at a purchase price of $0.98 per share, resulting in aggregate gross proceeds of $646,800.

Addentax Group Corp. Announces Private Placements of its Common Stock

SHENZHEN, China , March 20, 2024 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management, and subleasing, has announced the formalization of a strategic cooperation and the signing of a three year memorandum of understanding (the "MOU") with Dezhong Xinghui Information Technology Co., Ltd. ("Dezhong Xinghui") on March 20, 2024, an enterprise established in September 2017 based in Hangzhou City's Xihu District, is recognized for its high-tech innovations in digital retail.

Addentax Group Corp. and Dezhong Xinghui Collaborate to Develop AI Logistic System, Facilitating Breakthroughs in Logistics Delivery

SHENZHEN, China , March 5, 2024 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management, and subleasing, has announced that it has collaborated with Hong Kong Stock Exchange listed company Regina Miracle International (Holdings) Limited ("Regina") (HKEx: 02199). Regina is a global leading manufacturer of intimate apparel, renowned for its unique Innovative Design Manufacturing ("IDM") business model.

Addentax Group Corp. and Regina Miracle International (Holdings) Limited Entered into a Collaboration Agreement to Enhance Textile and Garment Industry Services

SHENZHEN, China , Feb. 6, 2024 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management, and subleasing, has announced the formalization of a strategic cooperation and the signing of a Memorandum of Understanding (the "MOU") with Shenzhen Tamir Cultural Tourism Development Co., LTD ("Tamir"), a leading full block-chain service provider for Chinese cultural   commercial tourism and rural revitalization in the People's Republic of China ("PRC"). Through the integration of top-level designs, investments, development, financing, construction, promotion, operation, and training, Tamir is creating a pan-tourism development and operation service platform with Artificial Intelligence ("AI") and block-chain tools.

Addentax Group Corp. is Launching "Tourism-As-A-Service" Platform with Artificial Intelligence and Block-Chain Tools to Incubate Local and Overseas Pan-Entertainment and Tourism Services

SHENZHEN, China , Dec. 22, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management, and subleasing, has announced the formalization of a nationwide strategic cooperation and signing of a Memorandum of Understanding (MOU) with Zhongjiu Yihe (Shenzhen) Brand Development Co., Ltd. ("Zhongjiu Yihe"), a renowned brand management group headquartered in Guangdong.

Addentax Group Corp. Announces Signing of MOU for Strategic Cooperation with Zhongjiu Yihe

SHENZHEN, China , Oct. 18, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management, and subleasing, has announced an update in its journey towards AI-driven excellence. The company has entered a research and development ("R&D") agreement with Xi'an University ("Xi'an University") of Electronic Science and Technology, solidifying its strategic collaboration with GW Reader Sdn.

Addentax Group Corp. Elevates Artificial Intelligence Content Creation Through Innovative R&D Collaboration with Xi'an University of Electronic Science and Technology

Cheche Group Inc

Huadi International Group

Luckin Coffee

Magic Empire Global Ltd

Zhong Yang Financial Group Ltd

Despite the opacity of China's economy, small-cap Chinese stocks continue to attract attention, according to Stocktwits, a social platform for investors and traders.

Traders and investors see opportunity in high-stakes ‘musical chairs' of Chinese stocks, Stocktwits says

SHENZHEN, China , Sept. 5, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management, and subleasing, has initiated preliminary discussions with Xianglilai Technology Co., Ltd ("Xianglilai"), a Chinese company involved in lithium battery research & development ("R&D"), manufacturing, and operations.

Addentax Group Corp. Launches Strategic Negotiations with Xianglilai for Advanced Lithium Battery Integration in Logistics and Autonomous New Energy Vehicles

SHENZHEN, China , Aug. 29, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, and property management and subleasing, today announced that it has regained compliance with Nasdaq's minimum bid price listing requirement. A written notice from Listing Qualifications Staff of Nasdaq Stock Market LLC ("Nasdaq") on July 17, 2023, indicated that as of July 14, 2023, the minimum bid price of the Company's common stock was $1.00 per share or greater for the last 10 consecutive business days.

Addentax Group Corp. Regains Compliance with Nasdaq Minimum Bid Price Requirement

SHENZHEN, China , Aug. 15, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, and property management and subleasing, has announced significant progress in its collaborative initiative with Games-as-a-Service ("GaaS") firms for the development of Artificial Intelligence ("AI") Online Operational Tools (referred to as the "AI project"), which was launched on June 30, 2023. This advancement signifies a substantial step forward in Addentax's venture into AI innovation.

Addentax Group Corp. Continues to Make Significant Strides in Advancing the Automation of Artificial Intelligence Internet Operational Tools

SHENZHEN, China , July 25, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, and property management and subleasing, announces the launch of a brand-new Metaverse project in partnership with Hangzhou Yuanyuzhou Technology Co., Ltd ("NFTCN-Bigverse"), the largest and most active NFT trading platform in Asia. The project aims to establish an expansive NFT ecosystem, merging blockchain technology, internet content, and society.

Addentax Group Corp. Launches a Metaverse Project with NFTCN-Bigverse, Bridging Blockchain, Internet Content, and Society through NFT Art Innovation

SHENZHEN, China , July 6, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management, and subleasing, has announced a significant strategic collaboration with GW Reader Sdn Bhd ("GW Reader"), a global pan-entertainment platform with a focus on online text publishing, web novel translations, and an online writing platform. This partnership marks a major milestone for both companies as they join forces to enhance their respective offerings and drive innovation within the global content industry.

Addentax Group Corp. Leverages GW Reader Sdn Bhd 's AI Technology to Drive Next-Level Operational Excellence

Electronic Arts

SHENZHEN, China , June 30, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (NASDAQ: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management and subleasing, and epidemic prevention supplies, today announced that it has formed a cooperation leading certain Games-as-a-Service ("GaaS") firms to launch a project focusing on the development of Artificial Intelligence ("AI") Online Operational Tools (the "AI project"). As the technological landscape rapidly evolves and AI continues to assert its influence across a diverse range of sectors, Addentax is prepared to expand its business portfolio by embracing the transformative potential of AI.

Addentax Group Corp. is Launching Automation of Artificial Intelligence Internet Operational Tools Project with Top Games-as-a-Service Firms

SHENZHEN, China, June 29, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, today announced that the Company's board of directors exercised its discretion to effect a 1-for-10 reverse split of its common stock shares ("Reverse Stock Split") on June 8, 2023 and is expected to become effective on June 30, 2023. Upon the effectiveness of the reverse share split, Addentax shareholders will receive one new common stock share of Addentax for every ten shares they hold.

Addentax Group Corp. Announces 1-for-10 Reverse Share Split

SHENZHEN, China , June 15, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management and subleasing, and epidemic prevention supplies, today announced that it is in advanced discussion with its Company's Chairman and Chief Executive Officer, Mr. Hong Zhida, to acquire Mr Hong's partial stake in Shanghai Bao Pharmaceutical Company Limited ("Bao Pharma"), via Shenzhen Grandway Capital Management Co., Ltd.

Addentax Group Corp. in Advanced Talks to Acquire Partial Stake in RMB 6 Billion-Valued Recombinant Protein Drugs and Antibody Drugs Bio-pharmaceutical Company, Shanghai Bao Pharmaceutical Company Limited

SHENZHEN, China , June 8, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management and subleasing, and epidemic prevention supplies, today announced that its wholly owned subsidiary in China Shenzhen Xin Kuai Jie Transportation Co., Ltd ("Shenzhen Xin") has entered into a logistics service agreement (the "Agreement") with SF Express Co., Ltd ("SF Express"), the largest integrated logistics service provider in China and the fourth largest in the world, and a subsidiary of SF Holding Co., Ltd (SZSE: 002352). SF Express will be receiving operational logistics services from Addentax across several vital routes in China, including Shanghai - Dongguan, Shenzhen - Ningbo, Shenzhen - Nanning, Haikou - Sanya, Foshan - Liaocheng, Sanya – Qingyuan, among others.

Addentax Group Corp. Entered into a Service Agreement with SF Express for Logistics Services

SHENZHEN, China , June 6, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management and subleasing, and epidemic prevention supplies, today announced that on June 5, 2023 it entered into a strategic cooperation agreement (the "Agreement") with Auto City (Shenzhen) Autonomous Driving Co., Ltd. ("Auto City"), a Shenzhen based company specializing in artificial intelligence ("AI") cloud based Level 4 ("L4") Autopilot research and development ("R&D"), manufacturing and application, and digital city full industry chain solutions.

Addentax Group Corp. Entered into a Strategic Cooperation Agreement with AUTO CITY for L4 Autopilot Tech, New Energy Autopilot Vehicles and EV Charging Research and Manufacturing

Baosheng Media Group Holdings

China Jo-Jo Drugstores Holdings

GD Culture Group Limited

AMTD Digital

JX Luxventure Ltd

Leju Holdings Ltd.

Mmtec Inc

Powerbridge Technologies Co Ltd

Quhuo Limited

Sentage Holdings

Tian Ruixiang Holdings

Wah Fu Education Group Ltd

WeTrade Group Inc

Small-cap Chinese stocks have been attracting plenty of attention in recent days, according to data from Stocktwits, a social platform for investors and traders.

Small-cap Chinese stocks spark meme-like buzz

SHENZHEN, China , May 2, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies, today announced that its intentions to collaborate with Zhejiang Jinsuo Holding Group Co., Ltd. ("Jinsuo") and Zhejiang Weicheng Textile Co., Ltd.

Addentax Group Corp. Pursues Collaborations with Two Textile Companies in China for Digital Transformations and AI Advancements

SHENZHEN, China , April 14, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies, today announced that it plans to assemble a specialized task force to investigate the alleged illegal trading targeting its stock. The Company believes that certain individuals or entities have participated in unauthorized sales of a substantial volume of its shares without securing proper delivery, in violation of the law.

Addentax Group Corp. Initiates Task Force to Investigate Suspected Illegal Trading Activities

Caravelle International Group

Vertical Aerospace Ltd

Getaround Inc

Grindrod Shipping Holdings Ltd

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

5 Industrials Stocks That Are Diving - And May Rally

SHENZHEN, China , Jan. 4, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies, today announced that it has entered into a securities purchase agreement with certain accredited investors for the sale and issuance of a new series of senior secured convertible notes in the original principal amount of $16,666,666.66 (the "Notes") and common stock purchase warrants purchase up to 16,077,172 shares of common stock of the Company (the "Warrants") at an exercise price of $1.25 per share, subject to customary closing conditions. The net proceeds, after original issue discount will total $15 million.

Addentax Group Corp. Announces Entry of a Securities Purchase Agreement

Agenus

Grab Holdings Ltd

Motus GI Hlds

Toughbuilt Industries Inc

5 top penny stocks to buy for under $5 but are they worth the risk? The post Top Penny Stocks To Buy Now?

Top Penny Stocks To Buy Now? 5 To Watch Under $5 Today

SHENZHEN, China , Sept. 2, 2022 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (NasdaqCM: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies, today announced the closing of an underwritten public offering (the "Offering") of 5,000,000 shares of its common stock at a price of $5.00 per share.

Addentax Group Corp. Announces Uplisting to Nasdaq Capital Market and Closing of $25 Million Public Offering of Common Stock

ATIF Holdings Ltd

ATIF Provided OTC Listing Advisory Services to Addentax in 2016 IRVINE, Calif. , Sept. 2, 2022 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF) (the "Company," or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that its client, Addentax Group Corp. (Nasdaq: ATXG, "Addentax"), whose common stocks was traded on OTC Markets, has been approved to list on Nasdaq Capital Market and made a strong debut on August 31, 2022.

News for Addentax Group Corp Stock (ATXG)