Sign in

Private company

Folkup Development Inc.

Folkup Development Inc. is an American retail-miscellaneous retail company, incorporated in Nevada.1 It is headquartered in New Territories, Hong Kong.1

Last updated Oct 21, 2026.

Overview

  • IndustryRetail-Miscellaneous Retail1
  • HeadquartersNew Territories, Hong Kong1
  • Incorporated inNV2
  • Business addressUnit 17-18, 23/F, Metropole Square, 2 On Yiu Street, Sha Tin, New Territories, K3 000002
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

See how the biggest companies compare on our leaderboards

Financials

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

Key numbers, fiscal 2020

20.9%Gross margin3
-56.5%Operating margin3
-35.0%Net margin3
20.6%Revenue growth, 20203
-$1.2MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2020

  • Cost of revenue79¢$2.1M
  • Other costs18¢$473.3K
  • Interest3¢$69.7K

Out of $2.6M in revenue.3 The company lost money this year.

Financial statements

Revenue4563$2.6M in 2020
0$1.0M$2.0M$3.0M2016: $0$020162017: $19.7K$19.7K20172018: $6.3K$6.3K2018−68%2019: $2.2M$2.2M2019+34157%2020: $2.6M$2.6M2020+21%
Gross profit4563$543.0K in 2020
0$200.0K$400.0K$600.0K2016: $0$020162017: $19.7K$19.7K20172018: $1.9K$1.9K2018−90%2019: $345.9K$345.9K2019+18261%2020: $543.0K$543.0K2020+57%
Operating income53-$1.5M in 2020+202385% since 2017
-$1.5M-$1.0M-$500.0K02017: -$724-$72420172018: -$11.2K-$11.2K2018+1448%2019: -$945.5K-$945.5K2019+8337%2020: -$1.5M-$1.5M2020+55%
Net income4563-$907.2K in 2020+107646% since 2016
-$1.0M-$750.0K-$500.0K-$250.0K02016: -$842-$84220162017: -$724-$7242017−14%2018: -$11.2K-$11.2K2018+1448%2019: -$598.9K-$598.9K2019+5245%2020: -$907.2K-$907.2K2020+51%
Fiscal year20162017201820192020
Revenue$04$19.7K5$6.3K6$2.2M3$2.6M3
Cost of revenue$4.4K6$1.8M3$2.1M3
Gross profit$04$19.7K5$1.9K6$345.9K3$543.0K3
Operating income-$7245-$11.2K5-$945.5K3-$1.5M3
Interest$03$69.7K3
Income tax$03$03
Net income-$8424-$7245-$11.2K6-$598.9K3-$907.2K3

Compare Folkup Development Inc. with another company

What it owns

What Folkup Development Inc. 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
Property and equipment, before depreciation$91.7K3 Dec 31, 2020$30.6K3 Dec 31, 2019+200.3%
Accumulated depreciation$27.5K3 Dec 31, 2020$9.1K3 Dec 31, 2019+200.7%
Property and equipment, net$64.2K3 Dec 31, 2020$21.4K3 Dec 31, 2019+200.4%
Operating-lease assets (leased space)$157.4K3 Dec 31, 2020$130.8K3 Dec 31, 2019+20.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$160.6K3 Dec 31, 2020$243.6K3 Dec 31, 2019−34.1%

Timeline

  1. Mar 15, 20228-K Change of auditor7

Filings

5 filings to the SEC since October 2021: 1 quarterly reports, 1 major events, 3 other. The latest 5:

  1. Nov 14, 2022SEC STAFF ACTION EDGAR
  2. Apr 12, 202210-Q EDGAR
  3. Mar 31, 2022NT 10-K EDGAR
  4. Mar 15, 20228-K EDGAR
  5. Oct 27, 2021S-1/A EDGAR

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

SEC filer profile

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

  • Name on EDGARFolkup Development Inc.1
  • CIK0001684506
  • Employer ID (EIN)32-04999291
  • Filer statusNon-accelerated filer<br>smaller reporting company<br>emerging growth company1
  • Incorporated inNevada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5900 Retail-Miscellaneous Retail1
  • Business addressUnit 17-18, 23/F, Metropole Square, 2 On Yiu Street, Sha Tin, New Territories, K3 000001
  • Phone852 3487-63301
  • Shares outstanding9,800,000 as of Apr 11, 20228
  • Public float$31.2M as of Jun 30, 20203
  • On EDGAR sinceMar 24, 20171
  • Filings51 in all: 10-Q (13), 8-K (9), 10-K (4), CORRESP (4), NT 10-Q (4), S-1/A (4), UPLOAD (3), NT 10-K (2)1
    All 15 form types

    S-1 (2), 10-K/A (1), 424B3 (1), 8-K/A (1), EFFECT (1), S-8 (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2021
    Quarterly report (10-Q) Apr 12, 2022
    Latest 8-K (8-K) Mar 15, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8