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MGSD on OTC

Maitong Sunshine Cultural Development Co., Ltd

Maitong Sunshine Cultural Development Co., Ltd is an American transportation services company, incorporated in New York.1 Its shares trade on OTC under the symbol MGSD.1

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Last updated Oct 21, 2026.

Overview

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  • TickerMGSD on OTC1
  • IndustryTransportation Services1
  • HeadquartersNY1
  • Incorporated inNY2
  • Business addressRoom 202, Gate 6, Building 9, Yayuan, Anhui Beili, Chaoyang District, Beijing, 1000002
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

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October 11, 2023 in Beijing, China. MGSD HK holds a 100% interest in Tongzhilian.4 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

41.1%Gross margin5
6.3%Operating margin5
-1.5%Net margin5
71.5%Revenue growth, 20255
-46.4%Return on equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue58¢$812.5K
  • Selling, general and admin34¢$480.9K
  • Interest0¢$493
  • Income tax8¢$108.0K

Out of $1.4M in revenue.5 The company lost money this year.

Financial statements

Revenue5$1.4M in 2025+71% since 2024
0$500.0K$1.0M$1.5M2024: $804.9K$804.9K20242025: $1.4M$1.4M2025+71%
Gross profit5$567.7K in 2025+55% since 2024
0$200.0K$400.0K$600.0K2024: $365.6K$365.6K20242025: $567.7K$567.7K2025+55%
Operating income5$86.8K in 2025
-$50.0K0$50.0K$100.0K2024: -$23.0K-$23.0K20242025: $86.8K$86.8K2025
Net income65-$21.2K in 2025−48% since 2023
-$60.0K-$40.0K-$20.0K02023: -$40.5K-$40.5K20232024: -$30.8K-$30.8K2024−24%2025: -$21.2K-$21.2K2025−31%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-09-302024-09-30
Revenue$1.4M$804.9K
Cost of revenue$812.5K$439.3K
Gross profit$567.7K$365.6K
Selling, general and administrative expenses$480.9K$388.6K
Profit (loss) from operations$86.8K-$23.0K
Other income (expense)-$49-$108
Profit (loss) before provision for income taxes$86.7K-$23.1K
Provision for income taxes$108.0K$7.7K
Net (loss)-$21.2K-$30.8K
Foreign currency translation adjustment-$229$3.6K
Comprehensive (loss)-$21.5K-$27.2K
Basic earning per share (in Dollars per share)-$0.00-$0.00
Diluted earnings per share (in Dollars per share)-$0.00-$0.00
Weighted average number of shares outstanding (in Shares)60.3M shares55.2M shares

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Corporate structure

Maitong Sunshine Cultural Development Co., Ltd sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Maitong Sunshine Cultural Development Co., Ltd

  • Fang Huang Filed SCHEDULE 13D on Maitong Sunshine Cultural Development Co., Ltd, latest Nov 6, 2024
  • Maitong Sunshine Cultural Development Co., Ltd NY
    • Beijing Tongzhilian Cultural Development Co., Limited Subsidiary · China

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Maitong Sunshine Cultural Development Co., 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
Property and equipment, net$1.6K5 Sep 30, 2025$2.8K5 Sep 30, 2024−43.8%
Operating-lease assets (leased space)$6.1K5 Sep 30, 2025$6.2K5 Sep 30, 2024−1.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.4K5 Sep 30, 2025$698.3K5 Sep 30, 2024−99.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$1835 Sep 30, 2025

Properties, in its own words

The Company does not own any real property. We believe the premises we now have under lease will be adequate for our operations for the foreseeable future.

Office Leases

The rest of Item 2

On September 1, 2023, Tongzhilian entered into an office lease agreement with Devoter Oriental (Beijing) Technology Co., Ltd. Under the terms, Tongzhilian was able to use its office space (approximately 144 square meters) for a rental fee of $2,965 (RMB21,633.75) per month during the period between September 1, 2023 to November 30, 2024.

On October 9, 2024, Tongzhilian entered into an office lease agreement with Devoter Oriental (Beijing) Technology Co., Ltd. Under the terms, Tongzhilian was able to use its office space (approximately 144 square meters) for a rental fee of $3,083 (RMB 21,633.75) per month during the period between December 1, 2024, and November 30, 2025.

On December 1, 2025, Tongzhilian renewed the operating lease agreement for the period from December 1, 2025 to November 30, 2026. Under the terms of the agreement, Tongzhilian is able to use its office space (approximately 144 square meters) for a rental fee of $3,057 (RMB21,633.75) per month during the period between December 1, 2025 to November 30, 2026.

Item 2 of the 10-K filed Jan 9, 2026.4

Leadership

Who has led Maitong Sunshine Cultural Development Co., Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Fang Huang2024
2025
  • Chief executive officerFang Huang Sep 11, 2024 to Sep 11, 20249
Board members and other officers (1)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Beijing Tongzhilian Cultural Development Co., Limited China3
  • Maitong Sunshine Cultural Development Co., Limited Samoa3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jun 6, 20258-K Other events10
  2. Mar 5, 20258-K Other events11
  3. Feb 24, 20258-K Other events12
  4. Jan 10, 20258-K Entered a material agreement13
  5. Dec 13, 20248-K Entered a material agreement14
  6. Sep 11, 2024New chief executive Fang Huang becomes CEO9
  7. Jul 19, 20248-K Change of auditor15

Filings

42 filings to the SEC since October 2021: 2 annual reports, 8 quarterly reports, 6 major events, 2 insider forms, 1 large holders, 23 other. The latest 20:

  1. Aug 13, 202610-Q QUARTERLY REPORT EDGAR
  2. May 20, 202610-Q QUARTERLY REPORT EDGAR
  3. May 18, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  4. Feb 20, 202610-Q QUARTERLY REPORT EDGAR
  5. Feb 17, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  6. Jan 9, 202610-K ANNUAL REPORT EDGAR
  7. Dec 29, 2025NT 10-K NOTIFICATION OF LATE FILING EDGAR
  8. Aug 20, 202510-Q QUARTERLY REPORT EDGAR
  9. Aug 14, 2025NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  10. Jun 6, 20258-K CURRENT REPORT EDGAR
  11. May 14, 202510-Q QUARTERLY REPORT EDGAR
  12. Mar 5, 20258-K CURRENT REPORT EDGAR
  13. Feb 24, 20258-K CURRENT REPORT EDGAR
  14. Feb 14, 202510-Q QUARTERLY REPORT EDGAR
  15. Jan 10, 20258-K CURRENT REPORT EDGAR
  16. Dec 13, 20248-K CURRENT REPORT EDGAR
  17. Nov 25, 202410-K ANNUAL REPORT EDGAR
  18. Nov 6, 2024SCHEDULE 13D EDGAR
  19. Sep 11, 20243 PRIMARY DOCUMENT EDGAR
  20. Sep 11, 20243 PRIMARY DOCUMENT EDGAR

The 42 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.

SEC filer profile

How Maitong Sunshine Cultural Development Co., Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMaitong Sunshine Cultural Development Co., Ltd1
  • CIK0002003750
  • Employer ID (EIN)93-43322874
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inNevada4
  • Fiscal year endsSeptember 301
  • Industry code (SIC)4700 Transportation Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressRoom 202, Gate 6, Building 9, Yayuan, Anhui Beili, Chaoyang District, Beijing, 100000, China1
  • Phone0086 010 649279461
  • Shares outstanding64,125,000 as of Aug 13, 20268
  • Public float$0 as of Mar 31, 20255
  • AuditorARK Pro CPA & Co, Hong Kong, China PCAOB ID 3299; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 20, 20231
  • Filings42 in all: 10-Q (8), CORRESP (7), 8-K (6), S-1/A (5), UPLOAD (4), NT 10-Q (3), 10-K (2), 3 (2)1
    All 13 form types

    8-A12G (1), EFFECT (1), NT 10-K (1), S-1 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Jan 9, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Latest 8-K (8-K) Jun 6, 2025

Securities registered for trading

ClassSymbolExchange
None

From the cover page of the 10-K filed Jan 9, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Maitong Sunshine Cultural Development Co., Ltd names in Item 1A of its 10-K filed Jan 9, 2026: 32 risks under these headings, as written.4

  • Risks Related to Our Business
  • A computer system failure, security breach or a breach of data privacy or security obligations may disrupt our business, damage our reputation and adversely affect our results of operations, financial condition and cash flows.
  • We operate in a competitive environment and competing facilities and services could harm our business, financial condition, results of operations and prospects.
  • We may not be able to effectively control and manage our planned growth.
  • Additional capital may not be available on acceptable terms, and any additional financing may be on terms adverse to your interests.
  • Risks Relating to our Management
  • The loss of the services of either of our officers or our failure to timely identify and retain competent personnel could negatively impact our ability to develop our products and sales.
  • Our internal controls over financial reporting may not be effective and our independent registered public accounting firm may not be able to certify as to their effectiveness, which could have a significant and adverse effect on our business and reputation.
  • Our lack of an independent audit committee and audit committee financial expert at this time may hinder our board of directors’ effectiveness in monitoring the Company’s compliance with its disclosure and accounting obligations. Until we establish such a committee, we will be unable to obtain a listing on a national securities exchange.
  • Our board of directors acts as our compensation committee, which presents the risk that compensation and benefits paid to those executive officers who are board members and other officers may not be commensurate with our financial performance.
  • Our management has no experience managing a public company.
  • We may have difficulty establishing adequate management, legal and financial controls in the PRC.
The other 22 risks
  • Risks Related to Doing Business in the PRC
  • The operations of our subsidiary in China, as well as our financial operations in the U.S. to the extent that they affect our subsidiary in China, will be subject to a high level of control by the national and provincial bureaucracies in the PRC. Exercise by government authorities of that control could significantly interfere with our ability to conduct our operations in the best interests of our company and its shareholders, which could cause the value of our common stock to decline and limit or prevent our efforts to finance the operations of Tongzhilian.
  • The government of China will make a direct intervention into the operations of a China-based company and take control of its operations or significantly restrict its operations if the government believes such action is in the best interests of the Chinese nation.
  • Recent statements by the Chinese government indicate an intent to exert more oversight and more control over offerings conducted overseas and/or foreign investment in China-based issuers. Any such actions by the Chinese government could significantly limit or completely hinder our ability to conduct our business, accept foreign investment, or list on a U.S. or other foreign exchange, including our ability to offer our securities to investors. Such limitations could cause the value of the securities being registered hereby to significantly decline or become worthless.
  • Our failure to comply with regulations and policies of the Chinese government, even if inadvertent, could have a serious adverse effect on our business.
  • We will be required to obtain the approval of the PRC government for a business combination, the issuance of our common stock, or maintaining our status as a publicly listed company outside China.
  • Regulations proposed by the Cyberspace Administration of China may require Tongzhilian to apply for cybersecurity approval before MGSD can list its securities on a U.S. exchange.
  • Changes in United States and China relations may adversely impact our business, our operating results, our ability to raise capital and the market price of our shares.
  • Changes in the policies of the PRC government could have an adverse effect on our business.
  • Uncertainties with respect to the PRC legal system, including uncertainties regarding the enforcement of laws, and sudden or unexpected changes in laws and regulations in China could adversely affect us and limit the legal protections available to you and us.
  • PRC regulation of loans to, and direct investments in, PRC entities by offshore holding companies may delay or prevent us from using proceeds from future financing activities to make loans or additional capital contributions to our PRC operating subsidiary.
  • The U.S. Holding Foreign Companies Accountable Act, as amended, requires the SEC to prohibit an issuer’s securities from trading on any U.S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years.
  • Restrictions contained in Chinese law on the ability of overseas securities regulators to collect information in China may deny investors in our Company the benefits of U.S. securities regulation.
  • Governmental control of currency conversion may affect the value of your investment.
  • The fluctuation of RMB may materially and adversely affect your investment.
  • Because our principal assets are located outside of the United States and because all of our directors and officers reside outside of the United States, it may be difficult for you to use the United States Federal securities laws to enforce your rights against us and our officers or to enforce judgments of United States courts against us or them in the PRC.
  • We may become subject to a variety of laws and regulations in the PRC regarding privacy, data security, cybersecurity, and data protection. We may be liable for improper use or appropriation of personal information provided by our customers.
  • Risks Relating to Our Common Stock and this Offering
  • We are an emerging growth company and, as a result of the reduced disclosure and governance requirements applicable to emerging growth companies, our common stock may be less attractive to investors.
  • Because we will be subject to “penny stock” rules, the level of trading activity in our stock may be reduced.
  • FINRA sales practice requirements may limit a stockholder’s ability to buy and sell our stock.
  • Shareholders do not have pre-emptive rights, which will cause them to experience dilution if we issue additional securities.
  • We are unlikely to pay cash dividends in the foreseeable future.
  • Our CEO own a near-majority of the outstanding shares of our stock, and accordingly, will have control over stockholder matters, the Company’s business and management.

Legal proceedings

We are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our Company or any of our subsidiaries, threatened against or affecting our Company, our common stock, any of our subsidiaries or of our companies or our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.

The opening of Item 3, Legal Proceedings.4

Sources

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

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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