DPU on Nasdaq

Nexpu Ltd.

Nexpu Ltd. is a business services company that raised $2.5 million in 2024 (SEC Form D).1 Its shares trade on Nasdaq under the symbol DPU.1

$1.43 down 0.01 (0.84%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

$8.0MRevenue, fiscal 20253
-$24.0MNet income, fiscal 20253

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  • TickerDPU on Nasdaq1
  • IndustryServices-Business Services, NEC1
  • HeadquartersE91
  • Incorporated inCayman Islands4
  • Business address32F, Block B, Zhongzhou Holding Financial Center, Shenzhen, 5114004
  • Filer categoryNon-accelerated filer, Emerging growth company4
  • Legal formCorporation

Hi Tech Inc.. Top KingWin Hi Tech Inc. was incorporated in the State of Colorado, U.S.A. On September 22, 2025, Top KingWin Hi Tech Inc.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.7%Gross margin3
-301.6%Operating margin3
-298.8%Net margin3
114.3%Revenue growth, 20253
-79.2%Return on equity3
-$1.3MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Revenues From Sales Of Devices To Support AIData Collection And Analysis brought in 83% of the revenue Nexpu Ltd. broke down this way in fiscal 2025.

  1. Revenues From Sales Of Devices To Support AIData Collection And Analysis$6.7M383%up 328% from 2024
  2. Revenue From Sales Of Robots$480.0K36%
  3. Corporate Business Training Service$419.8K35%down 60% from 2024
  4. Service, Other$215.4K33%down 13% from 2024
  5. Corporate Consulting Service$123.8K32%down 74% from 2024
  6. Advisoryand Transaction Service$123.0K32%down 70% from 2024
Products and services by year
Products and services20242025
Revenues From Sales Of Devices To Support AIData Collection And Analysis$1.6M$6.7M
Revenue From Sales Of Robots$480.0K
Corporate Business Training Service$1.1M$419.8K
Service, Other$247.1K$215.4K
Corporate Consulting Service$484.6K$123.8K
Advisoryand Transaction Service$405.3K$123.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue91¢$7.3M
  • Other costs9¢$700.4K

Out of $8.0M in revenue.3 The company lost money this year.

Financial statements

Revenue673$8.0M in 2025+503% since 2020
0$2.5M$5.0M$7.5M$10.0M2020: $1.3M$1.3M20202021: $6.3M$6.3M2021+372%2022: $3.1M$3.1M2022−50%2023: $5.4M$5.4M2023+74%2024: $3.8M$3.8M2024−31%2025: $8.0M$8.0M2025+114%
Gross profit6873$700.4K in 2025−20% since 2020
0$2.0M$4.0M$6.0M2020: $872.9K$872.9K20202021: $4.9M$4.9M2021+466%2022: $2.2M$2.2M2022−56%2023: $3.6M$3.6M2023+66%2024: $1.3M$1.3M2024−63%2025: $700.4K$700.4K2025−47%
Operating income6873-$24.2M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2020: $379.9K$379.9K20202021: $3.0M$3.0M2021+701%2022: -$919.8K-$919.8K20222023: -$2.5M-$2.5M2023+170%2024: -$7.1M-$7.1M2024+187%2025: -$24.2M-$24.2M2025+240%
Net income6873-$24.0M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2020: $340.0K$340.0K20202021: $2.3M$2.3M2021+579%2022: -$771.5K-$771.5K20222023: -$2.5M-$2.5M2023+230%2024: -$8.7M-$8.7M2024+241%2025: -$24.0M-$24.0M2025+177%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
REVENUES$8.0M$3.8M$5.4M
COST OF REVENUES-$7.3M-$2.4M-$1.9M
GROSS PROFIT$700.4K$1.3M$3.6M
Selling expenses-$599.7K-$853.5K-$2.5M
General and administrative expenses-$24.3M-$7.6M-$3.6M
Total operating expenses-$24.9M-$8.5M-$6.1M
(LOSS) INCOME FROM OPERATIONS-$24.2M-$7.1M-$2.5M
Other income$1.6M$92.3K$68.9K
Other expense-$1.4M-$1.1M-$18.8K
Total other income, net$222.9K-$962.1K$50.1K
NET LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES-$24.0M-$8.1M-$2.4M
Income tax expenses-$54.5K-$115.1K
NET LOSS FROM CONTINUING OPRATIONS ATTRIBUTABLE TO THE COMPANYS SHAREHOLDERS-$24.0M-$8.1M-$2.6M
Net income from discontinued operations-$532.7K$4.6K
Income tax expenses from discontinued operations$63
NET (LOSS) INCOME FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO THE COMPANYS SHAREHOLDERS-$532.7K$4.6K
NET LOSS-$24.0M-$8.7M-$2.5M
Foreign currency translation loss$32.7K-$48.7K-$86.9K
TOTAL COMPREHENSIVE LOSS-$24.0M-$8.7M-$2.6M
Basic (loss) earnings per share (in Dollars per share)-$26.92-$41.37-$114.16
Diluted (loss) earnings per share (in Dollars per share)-$26.92-$41.37-$114.16
Weighted average number of common shares outstanding - basic (in Shares)892.3K shares209.8K shares22.3K shares
Weighted average number of common shares outstanding - diluted (in Shares)892.3K shares209.8K shares22.3K shares

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Corporate structure

Nexpu Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Nexpu Ltd.

  • Nexpu Ltd. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Nexpu Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$121.8K3 Dec 31, 2025$302.0K3 Dec 31, 2024−59.7%
Property and equipment, net$27.6K3 Dec 31, 2025$137.6K3 Dec 31, 2024−80.0%
Operating-lease assets (leased space)$564.8K3 Dec 31, 2024$353.5K7 Dec 31, 2023+59.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$13.1M3 Dec 31, 2025$2.8M3 Dec 31, 2024+365.0%
Deposits held (banks)$30.3K3 Dec 31, 2025$30.3K7 Dec 31, 20240%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$58.0K3 Dec 31, 2025$63.3K3 Dec 31, 2024−8.5%
Finite-lived intangibles, gross$58.0K3 Dec 31, 2025$69.8K3 Dec 31, 2024−17.0%
Accumulated amortization$26.0K3 Dec 31, 2025$17.1K3 Dec 31, 2024+52.0%

Leadership

Who has led Nexpu Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ruilin Xu2026–now
  • Chief executive officerRuilin Xu Jun 18, 2026 to now9
Board members and other officers (5)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerJie Yang named Dec 11, 202414
  • DirectorYanna Li named Dec 11, 202414

Former names

  • Top KingWin LtdAug 26, 2022 to Sep 3, 20264

Timeline

  1. Jun 18, 2026New chief executive Ruilin Xu becomes CEO9

Filings

106 filings to the SEC since October 2021: 4 annual reports, 11 insider forms, 8 large holders, 1 private raises, 82 other. The latest 20:

  1. Oct 9, 2026SCHEDULE 13D EDGAR
  2. Sep 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Aug 19, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Aug 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Jul 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Jul 17, 2026S-8 REGISTRATION STATEMENT EDGAR
  7. Jun 25, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Jun 18, 20264 EDGAR
  9. Jun 18, 20264 EDGAR
  10. Jun 18, 20264 EDGAR
  11. Jun 18, 20264 EDGAR
  12. Jun 18, 20264 EDGAR
  13. Jun 18, 20263 EDGAR
  14. May 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. May 18, 20263 EDGAR
  16. May 15, 20263 EDGAR
  17. May 15, 20263 EDGAR
  18. May 15, 20263 EDGAR
  19. May 15, 20263 EDGAR
  20. Apr 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 106 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 25, 2024Raised $2.5 million in a private offering of debt Form D: 1 investor so far Form D

SEC filer profile

How Nexpu Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNexpu Ltd.1
  • CIK0001938865
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address32F, Block B, Zhongzhou Holding Financial Center, Shenzhen, Guangdong 511400, China1
  • Phone86182194456691
  • Shares outstanding2,298,365 Common Class A shares; 58,861 Common Class B shares as of Dec 31, 20255
  • AuditorTang Qian & Associates, PLLC, Flower Mound, United States PCAOB ID 7080; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceAug 26, 20221
  • Filings106 in all: 6-K (38), CORRESP (9), UPLOAD (7), 3 (6), 4 (5), SC 13G (5), 20-F (4), S-8 (4)1
    All 29 form types

    F-3/A (3), 424B5 (2), DRS/A (2), DRSLTR (2), EFFECT (2), F-1/A (2), 144 (1), 424B4 (1), 424B8 (1), 6-K/A (1), 8-A12B (1), CERT (1), D (1), DRS (1), F-1 (1), F-3 (1), FWP (1), NT 20-F (1), SCHEDULE 13D (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 8, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, par value $0.0625Nasdaq

From the cover page of the 20-F filed Apr 8, 2026 (Section 12(b) of the Exchange Act).5