Tancheng Group Co., Ltd.
0.2101+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · QSJC · USD
Key Stats
Market Cap
920.56KP/E (TTM)
-Basic EPS (TTM)
-0.07Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Tancheng Group posted Q2 revenue of $19,097, up sharply from $244 a year earlier, while YTD revenue climbed 4.3% to $163,830; gross margin swung to 18.0% from a 761.1% loss, yet operating loss narrowed to $85,159 from $93,166 as fixed costs spread thinner. YTD, operating loss widened slightly to $207,396 from $201,063, driven by higher general and administrative expenses, with net loss at $207,364 matching on minimal other income. Cash dwindled to $17,444 after $276,693 in operating outflows, offset by $192,617 from related parties; inventories rose to $1.36M amid a $1.77M working capital deficit. Related-party sales hit 67% of YTD revenue. Revenue relies heavily on PRC economic stability.
10-Q
Q1 FY2025 results
Tancheng Group posted Q1 FY2025 revenue of $144,733, down 8.2% y/y from $157,625, as units sold fell 10.2% amid intensified competition and price sensitivity, yet gross profit held at $39,512 with margins edging up to 27.3% from 26.4% on lower costs. Operating loss widened to $122,237, a 13.3% y/y increase (derived), driven by 8.7% higher general and administrative expenses from inflation, while net loss hit $122,207 or $0.03 per diluted share on 4,381,550 shares—consistent with no anti-dilution. Cash dwindled to $19,836 after $212,513 in operating outflows, offset by $131,306 from related parties; inventories rose to $1.3M, but working capital deficit deepened to $1.7M with $3.1M liabilities mostly to related parties. Related-party sales hit 68.1% of revenue. Cash burn persists.
10-K
FY2024 results
Tancheng Group posted FY2024 revenue of $502,550, down 74.5% y/y from $1,969,094, as unit sales of ornament products plunged 81.9% amid fierce competition and price cuts to lure buyers. Yet gross margins swelled to 27.2% from 18.3%, fueled by cheaper sourcing and a bigger slice of high-margin Chinese Twelve Zodiac Pendants, trimming net loss to $288,160 from $289,666. Q4 momentum faltered with no quarterly breakdowns disclosed, but annual trends point to stabilizing losses via cost controls. Cash dipped to $100,653, propped by $282K related-party funding; no dividends or buybacks. Outlook eyes tourism launches, but PRC regulatory shifts loom large.
10-Q
Q3 FY2024 results
Tancheng Group posted Q3 revenue of $145,764, down 76.7% y/y from $625,954, while gross profit held at $40,641 with margins edging up to 27.9% from 26.8% on lower input costs from a single supplier. For the nine months, revenue fell 83.4% y/y to $302,899, gross margins climbed to 26.5% from 17.6%, but operating loss widened to $255,075 from $226,433 as sales volumes dropped 86.8% amid fierce price competition; net loss hit $254,896, matching operating loss with no material other items. Cash dipped to $189,842 after $443K used in operations, offset by $222K related-party advances that trimmed net debt to related parties to $2.9M. Revenue hinges on one customer for 99% of Q3 sales. Controls falter with limited resources.
10-Q
Q2 FY2024 results
Tancheng Group posted Q2 revenue of $244, down sharply 99.7% y/y from $854,097, while YTD revenue fell 86.9% y/y to $157,135 amid intensified competition and price cuts that slashed unit sales to 494 pieces from 3,715. Gross margin swung to -761.1% in Q2 from 13.7% y/y, yet YTD improved to 25.2% as cost reductions outpaced revenue drop; operating loss widened to $93,166 in Q2 (up 697% y/y) but narrowed YTD to $201,063 from $249,056, driven by 41.5% lower G&A from reduced legal fees post-contribution deal. Diluted EPS of -$0.046 YTD reconciles to 4,381,550 shares with no anti-dilution. Cash dwindled to $24,527 amid $537,784 operating outflow, offset by $156,647 related-party financing; no debt or FCF disclosed. Revenue hinges on two customers at 63% YTD. PRC economic policies pose ongoing risks.
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