Entrepreneur Universe Bright Group (EUBG) reported a decline in financial performance for the first quarter of 2025, with revenues totaling $961,954, a decrease of 23.7% from $1,260,053 in the same period of 2024. The company's net income also fell to $183,485, down 50.9% from $373,496 year-over-year. The decrease in revenue was primarily attributed to a significant drop in consultation services related to a client in the live streaming business, which saw a reduction of $289,530. The cost of revenue increased by 6.7% to $172,271, largely due to the introduction of a new service provider.
In terms of operational metrics, EUBG's gross profit decreased by 28.1% to $789,683, resulting in a profit margin of 82.1%, down from 87.2% in the previous year. Selling, general, and administrative expenses rose by 9.1% to $461,108, reflecting higher audit and consultancy fees. However, the company recorded a notable increase in other income, totaling $51,471, compared to a net expense of $5,633 in the prior year, driven by bank interest income and favorable exchange rate fluctuations.
EUBG's balance sheet as of March 31, 2025, showed total assets of $9,459,464, a slight increase from $9,386,317 at the end of 2024. The company maintained cash and cash equivalents of $8,912,591, up from $8,488,063. Total liabilities decreased to $865,300 from $977,348, contributing to an increase in stockholders' equity to $8,594,164, compared to $8,408,969 at the end of the previous year. The company’s retained earnings also improved to $1,789,153 from $1,605,668.
Looking ahead, EUBG expressed cautious optimism regarding its ability to generate sufficient cash from operations to meet its working capital and capital spending needs over the next 12 months. However, the company acknowledged that its future performance will depend on successfully implementing business strategies and managing the regulatory environment in China. The company remains vigilant about potential changes in PRC laws and regulations that could impact its operations and financial condition.
About ENTREPRENEUR UNIVERSE BRIGHT GROUP
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