Overview
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- TickerFVTI on OTC2
- IndustryRetail-Miscellaneous Retail2
- HeadquartersShenzhen, China2
- Incorporated inNV3
- Business addressB1601 Oriental Impression Building 2, Liansheng Road, Humen Town Dongguan City, Guangdong Province, F4 5180003
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formProfit Corporation2
- LEI549300ARL3KFWHEK3M472
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O INCORP SERVICES, INC., 89169-6014 Las Vegas, United States2
- Registered withBusiness Center (Secretary of State), E0150032014-42
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Investment (Shenzhen) Co., Ltd. (“QHDX”), our wholly foreign owned enterprise (WFOE) subsidiary, and its operating subsidiaries.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 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue53¢$2.3M
- Other costs44¢$1.8M
- Interest1¢$38.4K
- Income tax2¢$96.4K
Out of $4.2M in revenue.6 The company lost money this year.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $261.0K7 | $95.8K8 | $275.2K9 | $5.0M10 | $8.0M11 | $9.2M6 | $4.2M6 |
| Cost of revenue | $134.7K7 | $46.5K8 | $216.2K9 | $1.7M10 | $3.7M11 | $4.6M6 | $2.3M6 |
| Gross profit | $126.2K7 | $49.4K8 | $59.0K9 | $3.3M10 | $4.4M11 | $4.6M6 | $2.0M6 |
| Operating income | -$184.8K7 | -$266.1K8 | -$380.3K9 | -$3.2M10 | $2.2M11 | -$1.9M6 | -$4.2M6 |
| Interest | $6998 | $119 | $14.3K10 | $17.8K11 | $31.4K6 | $38.4K6 | |
| Income before tax | $2.2M11 | -$2.0M6 | -$4.2M6 | ||||
| Income tax | $2.8K7 | $2.8K8 | -$829 | $306.9K10 | $248.8K11 | $186.5K6 | $96.4K6 |
| Net income | -$187.5K7 | -$262.4K8 | -$377.8K9 | -$3.3M10 | $1.8M11 | -$1.9M6 | -$4.0M6 |
| Earnings per share | $0.1111 | -$0.126 | -$0.266 | ||||
| Earnings per share (diluted) | -$0.126 | -$0.266 | |||||
| Shares (weighted, basic) | 15.7M shares11 | 15.7M shares6 | 15.7M shares6 | ||||
| Shares (weighted, diluted) | 15.7M shares6 | 15.7M shares6 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $77.8K7 | $30.0K8 | $38.1K9 | $249.8K10 | $123.2K11 | $165.7K6 | $288.3K6 |
| Receivables | $2.7M11 | $4.8M6 | $3.1M6 | ||||
| Inventory | $81.1K11 | $148.9K6 | $32.6K6 | ||||
| Current assets | $413.4K7 | $338.3K8 | $74.0K9 | $4.2M10 | $5.1M11 | $6.9M6 | $5.1M6 |
| Property, plant and equipment | $140.4K11 | $97.9K6 | $83.7K6 | ||||
| Goodwill | $1.4M11 | $454.2K6 | |||||
| Intangible assets | $2.3M11 | $370.9K6 | $151.6K6 | ||||
| Total assets | $427.2K7 | $348.1K8 | $193.0K9 | $9.7M10 | $11.7M11 | $9.3M6 | $6.2M6 |
| Accounts payable | $239.5K11 | $688.8K6 | $583.9K6 | ||||
| Short-term debt | $101.2K11 | $422.7K6 | $458.0K6 | ||||
| Current liabilities | $558.7K7 | $735.3K8 | $855.4K9 | $2.0M10 | $1.7M11 | $2.5M6 | $3.9M6 |
| Long-term debt | $254.3K10 | $188.2K11 | $58.4K6 | $212.0K6 | |||
| Total liabilities | $558.7K7 | $735.3K8 | $953.5K9 | $2.4M10 | $2.2M11 | $2.8M6 | $4.3M6 |
| Retained earnings | -$2.6M11 | -$4.5M6 | -$8.6M6 | ||||
| Shareholders’ equity | -$131.5K8 | -$387.2K8 | -$760.5K9 | $7.0M10 | $9.1M11 | $6.4M6 | $2.1M6 |
| Shares outstanding | 307.8M shares7 | 307.8M shares8 | 307.8M shares9 | 15.7M shares10 | 15.7M shares11 | 15.7M shares6 | 15.7M shares6 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$279.3K7 | -$230.4K8 | -$173.6K9 | $1.2M10 | -$457.1K11 | $6.9K6 | -$179.2K6 |
| Depreciation and amortization | $869.4K11 | $852.9K6 | $243.9K6 | ||||
| Capital spending | $65.9K10 | $117.1K11 | $2.6K6 | $4.9K6 | |||
| Free cash flow | $1.2M | -$574.2K | $4.3K | -$184.1K | |||
| Cash from investing | $469.2K11 | -$10.1K6 | -$4.9K6 | ||||
| Cash from financing | -$192.0K11 | $66.1K6 | $236.6K6 |
Corporate structure
Fortune Valley Treasures, Inc. sits at the top of its group. 5 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
- Fortune Valley Treasures, Inc. Shenzhen, Nevada, China
- DaXingHuaShang Investment (Hong Kong) Limited Subsidiary · Hong Kong
- DaXingHuaShang Investment Group Limited Subsidiary · Seychelles
- Jiujiu (HK) Industry Limited Subsidiary · Hong Kong
- Jiujiu Group Stock Co., Ltd. Subsidiary · Seychelles
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.
What it owns
What Fortune Valley Treasures, 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $253.1K6 Dec 31, 2023 | $242.9K6 Dec 31, 2022 | +4.2% |
| Accumulated depreciation | $169.4K6 Dec 31, 2023 | $145.0K6 Dec 31, 2022 | +16.8% |
| Property and equipment, net | $83.7K6 Dec 31, 2023 | $97.9K6 Dec 31, 2022 | −14.5% |
| Operating-lease assets (leased space) | $297.2K11 Dec 31, 2022 | $385.9K11 Dec 31, 2021 | −23.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $288.3K6 Dec 31, 2023 | $165.7K6 Dec 31, 2022 | +74.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $454.2K6 Dec 31, 2022 | $1.4M11 Dec 31, 2021 | −67.7% |
| Intangible assets, net (excluding goodwill) | $151.6K6 Dec 31, 2023 | $370.9K6 Dec 31, 2022 | −59.1% |
| Finite-lived intangibles, gross | $3.1M6 Dec 31, 2023 | $3.1M6 Dec 31, 2022 | −2.7% |
| Accumulated amortization | $2.0M6 Dec 31, 2023 | $1.8M6 Dec 31, 2022 | +8.8% |
| Finite-lived intangibles, net | $151.6K6 Dec 31, 2023 | $370.9K11 Dec 31, 2022 | −59.1% |
Inventory
Leadership
Who has led Fortune Valley Treasures, Inc., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerXinlong Shen Aug 8, 2016 to Aug 11, 201614
- Chief financial officerXinlong Shen Aug 8, 2016 to Aug 11, 201614
Board members and other officers (1)
- Board memberXinlong Shen Aug 8, 2016 to Aug 11, 201614
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- DaXingHuaShang Investment (Hong Kong) Limited Hong Kong4
- DaXingHuaShang Investment Group Limited Seychelles4
- Jiujiu (HK) Industry Limited Hong Kong4
- Jiujiu Group Stock Co., Ltd. Seychelles4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- CRYPTO-SERVICES, INC.Dec 5, 2014 to Mar 2, 20173
Timeline
- May 15, 20258-K Executive or director change15
- Jan 13, 20258-K Entered a material agreement; Completed an acquisition or sale16
- Jan 13, 20258-K Earlier financial statements no longer reliable17
- Oct 4, 20248-K Change of auditor18
- Aug 22, 20248-K Executive or director change19
- Aug 12, 20248-K Executive or director change20
- Jul 17, 20248-K Executive or director change21
- Jul 1, 20248-K Executive or director change22
- Jun 7, 20248-K Executive or director change23
- Feb 8, 20248-K Change of auditor24
- Jan 24, 20248-K Executive or director change25
- May 18, 20238-K Executive or director change26
- Aug 8, 2016New chief executive Xinlong Shen becomes CEO14
Calendar
When it reported results
- Nov 10, 2021Reported quarterly or annual results27
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
57 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 17 major events, 27 other. The latest 20:
- Jun 13, 202515-12G EDGAR
- May 15, 20258-K EDGAR
- Jan 13, 20258-K EDGAR
- Jan 13, 20258-K EDGAR
- Nov 14, 2024NT 10-Q EDGAR
- Oct 4, 2024SEC STAFF ACTION EDGAR
- Oct 4, 20248-K EDGAR
- Aug 22, 20248-K EDGAR
- Aug 14, 202410-Q EDGAR
- Aug 12, 20248-K EDGAR
- Jul 17, 20248-K EDGAR
- Jul 1, 20248-K EDGAR
- Jun 7, 20248-K EDGAR
- May 20, 202410-Q EDGAR
- May 15, 2024NT 10-Q EDGAR
- Apr 15, 202410-K EDGAR
- Apr 1, 2024NT 10-K EDGAR
- Feb 8, 20248-K EDGAR
- Jan 24, 20248-K EDGAR
- Dec 12, 2023FWP EDGAR
The 57 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.
SEC filer profile
How Fortune Valley Treasures, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARFortune Valley Treasures, Inc.1
- CIK0001626745
- Employer ID (EIN)32-04393331
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inNevada1
- Fiscal year endsDecember 311
- Industry code (SIC)5900 Retail-Miscellaneous Retail1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business addressB1601 Oriental Impression Building 2, Liansheng Road, Humen Town Dongguan City, Guangdong Province, F4 5180001
- Phone(86) (769) 8572-91331
- Shares outstanding15,655,038 as of Aug 14, 202413
- Public float$8.6M as of Jun 30, 20236
- On EDGAR sinceDec 5, 20141
- Filings147 in all: 8-K (42), 10-Q (28), S-1/A (17), 10-K (9), NT 10-Q (8), CORRESP (6), NT 10-K (5), UPLOAD (5)1
All 28 form types
PRE 14C (3), 3 (2), 8-K/A (2), FWP (2), PRER14A (2), S-1 (2), 10-K/A (1), 10-Q/A (1), 10-QT (1), 15-12G (1), 4 (1), 424B3 (1), 8-A12G (1), DEF 14C (1), EFFECT (1), PRE 14A (1), PRER14C (1), SC 13D (1), SC 14F1 (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Apr 15, 2024
Quarterly report (10-Q) Aug 14, 2024
Latest 8-K (8-K) May 15, 2025
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARExecutive or director change
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- 18SEC EDGARChange of auditor
- 19SEC EDGARExecutive or director change
- 20SEC EDGARExecutive or director change
- 21SEC EDGARExecutive or director change
- 22SEC EDGARExecutive or director change
- 23SEC EDGARExecutive or director change
- 24SEC EDGARChange of auditor
- 25SEC EDGARExecutive or director change
- 26SEC EDGARExecutive or director change
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