BitVentures Ltd
ir.santechholdings.comWhat Do They Do?
Refers clients seeking insurance to financial product partners, resells consumer goods online, and mines digital assets for mining pools.
20-F for FY2026, filed Oct 16, 2026For the three years ended June 30, 2026, under client referral services, we introduced clients to external financial product partners. Most…View ↗
We began official rollout of our e-commerce segment in the first half of fiscal year 2026. We operate our e-commerce segment under a resale…View ↗
We began official rollout of our digital assets segment in the second half of fiscal year 2026, commencing cryptocurrency mining operations…View ↗
How Do They Make Money?
Insurance brokers and companies pay one-time fees for referred clients; mining pools award digital assets for computing power when they add a block; consumers pay for e-commerce goods when delivered.
20-F for FY2026, filed Oct 16, 2026Revenues generated from insurance referral service represents a one-time referral fee earned by the Company for serving as a referrer to…View ↗
The Company provides insurance brokerage referrer services by only referring clients to insurance brokers or insurance companies to…View ↗
The Company has entered into digital asset mining pools by executing contracts with the mining pool operators to provide computing power to…View ↗
Providing computing power in digital asset transaction verification services is an output of the Company’s ordinary activities. The…View ↗
A performance obligation is a promise in a contract to transfer a distinct good to the customer and is the unit of account in ASC Topic…View ↗
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20-F for FY2026, filed Oct 16, 2026
FY2026 revenue by product or service ↗
$498K
-
20-F for FY2026, filed Oct 16, 2026
$498K ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Digital Assets
Usage-based
20-F for FY2026, filed Oct 16, 2026 |
18% |
Digital Assets, FY2026
$90K Sources
|
Usage-based |
|
E-Commerce
Sold outright
20-F for FY2026, filed Oct 16, 2026 |
24% |
E-Commerce, FY2026
$119K Sources
|
Sold outright |
|
Insurance Referral Services
Sold outright
20-F for FY2026, filed Oct 16, 2026 |
58%
FY2023: 100%
|
Insurance Referral Services, FY2026
$289K Sources
|
Sold outright |
Who Are Their Customers?
Consumers buy products through its Amazon storefront; mining-pool operators contract for computing power; insurance brokers and companies receive referred clients under referral agreements.
20-F for FY2026, filed Oct 16, 2026We began official rollout of our e-commerce segment in the first half of fiscal year 2026. We operate our e-commerce segment under a resale…View ↗
The Company has entered into digital asset mining pools by executing contracts with the mining pool operators to provide computing power to…View ↗
The Company provides insurance brokerage referrer services by only referring clients to insurance brokers or insurance companies to…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2026 was larger than its revenue and turned 773 cents into free cash flow.
20-F for FY2026, filed Oct 16, 2026
20-F for FY2026, filed Oct 16, 2026
−$2.3MView ↗
20-F for FY2026, filed Oct 16, 2026
$3.4MView ↗
20-F for FY2026, filed Oct 16, 2026
$3.9MView ↗
How Are They Changing?
Shrinking. Revenue fell 94% in 4 years, from $9M in FY2022 to $498K in FY2026, about 51% a year.
Legacy financial services
The older report described wealth management and asset management services; the latest report says the company exited those businesses and continues client referrals to insurance partners.
20-F for FY2023, filed Oct 18, 2023 20-F for FY2026, filed Oct 16, 2026We are a leading independent wealth management service provider in China serving high-net-worth clients. The Company’s primary services are…View ↗
New operating lines
The older report focused on financial and health management services; the latest report adds e-commerce sales through an online marketplace and digital-asset mining.
20-F for FY2023, filed Oct 18, 2023 20-F for FY2026, filed Oct 16, 2026
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