Revenue for 2025 rose 7.7% to $5,682,985 (2024: $5,274,495). Net income increased 28.1% to $1,905,145; EPS was $0.01 on 170,118,287 shares (split-adjusted). Gross margin expanded to 88.3% (2024: 87.0%); SG&A up modestly to $2,067,539. Operating cash flow improved to $2,520,315 (2024: $1,360,532); cash and equivalents reached $11,014,303. Customer concentration remained high: a single customer accounted for 55% of 2025 revenue. 44.7% of 2025 revenue ($2,542,999) flowed through the related-party APP platform, down from 99.0% in 2024. Total assets were $12,233,330; total liabilities $1,792,734; equity $10,440,596. A 1-for-10 reverse stock split became effective on February 25, 2026; authorized common stock remains 180,000,000. On February 10, 2026, the HK subsidiary acquired Heng Ying International Investment Limited (HK$350,000) to establish a fintech foothold; license renewal expected in April 2026; no active operations yet. Material weaknesses in internal control over financial reporting were disclosed (cash controls, IT controls, staffing, policies, segregation of duties, and lack of audit/comp committees), while disclosure controls were deemed effective. Significant PRC regulatory, data/cybersecurity, FX and capital movement risks were emphasized; PRC subsidiary has distributed $14.8M (net) to the HK parent to date. A special one-time cash dividend of $0.0013 per share (~$2.2M) was declared on August 26, 2024 and paid on September 12, 2024.