Latest 20-F annual reports

Linkage Global Inc. reported a significant decrease in revenue and a substantial increase in net loss for the fiscal year ended September 30, 2025, alongside ongoing internal control weaknesses and Nasdaq listing concerns.

Darkiris Inc. reported a net loss of $8.6 million for fiscal year 2025, driven by increased selling and R&D expenses, despite a 27.3% revenue increase.

Huadi International Group Co., Ltd. reported a net loss of $1.40 million for fiscal year 2025, a significant decline from the previous year's net income, driven by decreased revenues and a material weakness in internal controls.

Alpha Technology Group Ltd. reported a significant increase in net loss and a substantial decline in revenue and gross profit for the fiscal year ended September 30, 2025, primarily due to a challenging macroeconomic environment and heightened market competition.

Ping An Biomedical Co., Ltd. reported a substantial increase in net loss and a significant decrease in revenue for the fiscal year ended September 30, 2025, primarily driven by higher credit losses and reduced customer demand.

Leishen Energy Holding Co., Ltd. reported a significant decline in revenue and a net loss for fiscal year 2025, despite completing its initial public offering and adopting a dual-class share structure.

Creative Global Technology Holdings Limited reported a significant net loss of $13.4 million for fiscal year 2025, alongside a substantial revenue decrease to $21.1 million, primarily due to lower smartphone demand.

Pitanium Limited reported a significant net loss for fiscal year 2025, alongside a revenue decrease and an ongoing Nasdaq trading halt, while actively addressing internal control weaknesses.

Platinum Analytics Cayman Limited reported a significant net loss of $2.0 million for fiscal year 2025, a sharp decline from a $0.8 million net income in 2024, while its Class A Ordinary Shares remain halted on Nasdaq following SEC and Nasdaq inquiries.

Antelope Enterprise Holdings Limited reported a net loss of $11.2 million for the nine months ended September 30, 2025, alongside a fiscal year-end change and strategic pivot towards energy supply and away from its declining DOU+ e-commerce segment.

Nam Tai Property Inc. has successfully resolved prolonged shareholder disputes and legacy litigation, regained full control of its PRC assets, and completed significant debt refinancings, positioning the company for renewed growth.

Youxin Technology Ltd. reported a significant net loss of $9.65 million for fiscal year 2025, despite a 3% revenue increase, as it navigates a strategic shift to its third-generation PaaS platform and completed substantial capital raises.

EpicQuest Education Group International Limited reported a net loss of $2.5 million for fiscal year 2025, alongside ongoing Nasdaq minimum bid price non-compliance, while continuing its global expansion in education and sports entertainment.

Visionary Holdings Inc. reported a significant net loss of $15.7 million for fiscal year 2025, driven by declining rental and tuition revenues, and is actively pivoting its business focus to life sciences and AI education.

Real Messenger Corporation filed an amendment to its annual report, disclosing material weaknesses in its internal control over financial reporting as of March 31, 2025.

Ostin Technology Group Co., Ltd. reported a net loss of $10.31 million for fiscal year 2025, alongside a 22% revenue increase, while grappling with a Nasdaq trading halt and a securities fraud indictment against its former Co-CEO.

High-Trend International Group reported a 98.2% revenue increase to $214.4 million for fiscal year 2025, driven by expanded coal transportation, despite continued net losses and internal control weaknesses.

Bon Natural Life Limited reported a significant net loss for fiscal year 2025, driven by a substantial decrease in total revenue and gross profit, despite strategic shifts in product focus and recent capital raises.

Golden Heaven Group Holdings Ltd. reported significant net losses and a revenue decline for fiscal year 2025, transitioning its business model from amusement park operator to lessor, while facing multiple shareholder class action lawsuits.

Clearmind Medicine Inc. reports progress in its Phase I/IIa clinical trial for CMND-100 in Alcohol Use Disorder, despite ongoing significant net losses and a going concern warning.

Zenta Group Company Limited announced a significant increase in total revenues and net income for fiscal year 2025, primarily fueled by its rapidly expanding fintech services.

707 Cayman Holdings transitioned to a significant net loss in fiscal year 2025 despite strong revenue growth, driven by substantial share-based compensation and operational expansion costs following its IPO.

SU Group Holdings Limited reported a net loss of HK$18.5 million for the fiscal year ended September 30, 2025, despite a 5.6% increase in revenues, driven by higher operating costs and a significant decline in gross profit margins.

Real Messenger Corporation filed an amendment to its annual report to include disclosures on disclosure controls and internal control over financial reporting for the fiscal year ended March 31, 2025.

Zhongchao Inc. filed an amendment to its 2024 annual report to update its corporate governance disclosures, highlighting its intent to follow certain home country practices over Nasdaq rules.

XChange TEC.INC reports significant net losses and current liability deficits for FY2025, raising substantial doubt about its ability to continue as a going concern, despite a business transformation into insurance agency and technology.

Happy City Holdings Limited reported a substantial net loss and negative cash flow for the fiscal year ended August 31, 2025, raising significant doubt about its ability to continue as a going concern.

Davis Commodities Limited filed an amendment to its 2024 annual report, including a significant renewal convertible loan agreement for $6 million.

EPWK Holdings Ltd. reported a significant increase in net losses to $10.44 million for fiscal year 2025, alongside its delisting from Nasdaq and ongoing concerns about its ability to continue as a going concern.

Sunshine Insurance Brokerage (Shanghai) Co., Ltd., a subsidiary of Zhibao Technology Inc., has entered a significant cooperation agreement to provide brokerage services for a large-scale inclusive commercial health insurance project in China.