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ATIF Holdings Ltd logo

ATIF Holdings Ltd

zbai.co

What Do They Do?

Helps small and medium-sized businesses prepare to become public companies through financial and listing consulting.

How Do They Make Money?

FY2025 revenue

Who Are Their Customers?

Small and medium-sized businesses seeking to go public sign service agreements for consulting. Chambers of commerce, business associations and former clients refer potential clients.

Do Revenues Turn Into Profits?

No. It lost $4.6M in FY2025.

Operating income, FY2025
−70% of revenue
▼ −57% (Loss) vs FY2024 (−$2M, −316%)
Net income, FY2025
−383% of revenue
▲ +150% (Loss) vs FY2024 (−$1.8M, −297%)

How Are They Changing?

Growing. Revenue grew 28% in 4 years, from $936.9K in FY2021 to $1.2M in FY2025, about 6% a year.

Broader customer reach The older report said all current and past clients were Chinese companies; the latest describes customers across Hong Kong, the United States, Mexico and Singapore and says ATIF has no operations in mainland China.

A different investment focus The older report described a private equity fund alongside consulting; the latest describes an expansion into Bitcoin through direct purchases and planned mining.

Who Do They Compete With?

Competes with Greenpro Capital, Forward Capital, and Metalpha Technology Holding

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