Etoiles Capital Group Co Ltd
etoilesgroup.comWhat Do They Do?
Provides investor relations and public relations support, due diligence, and related services to companies seeking or listed on stock exchanges and firms in the financial industry.
20-F for FY2025, filed May 14, 2026We are an exempted company with limited liability incorporated under the laws of the Cayman Islands on September 13, 2024, as a holding…View ↗
Our integrated investor relation services mainly comprise one of more of the following components:View ↗
Etoiles Consultancy and Etoiles Financial were founded in 2013 and 2023, respectively. Since 2023, our Hong Kong Operating Subsidiary has…View ↗
Our clients mainly consist of (i) clients that intend to seek a listing or are listed on a stock exchange; and (ii) companies and…View ↗
How Do They Make Money?
Clients pay for integrated investor relations services through contracts billed monthly or yearly for work over a period, or at project milestones for project engagements. For some one-off services, clients generally pay the agreed fee in full before the work begins.
20-F for FY2025, filed May 14, 2026During the project execution stage, we will constantly monitor the effectiveness of our services and make adjustment in accordance with our…View ↗
While we recognize revenue over time for integrated investor relations services structured under service contracts, we recognize revenue at…View ↗
These point-in-time engagements typically include discrete services such as tailored due diligence exercises, promotional materials…View ↗
$3.2M
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20-F for FY2025, filed May 14, 2026
$3.2M ↗
Who Are Their Customers?
Clients are mainly companies seeking or listed on stock exchanges, along with companies and professional firms in finance. The Hong Kong operating subsidiary generally contracts directly with clients, and referrals from clients and business partners are a main source of new customers.
20-F for FY2025, filed May 14, 2026Our clients mainly consist of (i) clients that intend to seek a listing or are listed on a stock exchange; and (ii) companies and…View ↗
Our Hong Kong Operating Subsidiary generally enters into contracts with our clients. Although the terms of the contracts may vary, the…View ↗
The sales and marketing function is performed by our management team and project execution team who are responsible for maintaining…View ↗
20-F for FY2025, filed May 14, 2026
In the fiscal year ended December 31, 2025, 2 of our clients accounted for more than 10% of our annual revenue, with Industrial Bank Co.…View ↗
Do Revenues Turn Into Profits?
No. It lost $153.7K in FY2025.
20-F for FY2025, filed May 14, 2026
−$31.9KView ↗
20-F for FY2025, filed May 14, 2026
−$153.7KView ↗
20-F for FY2025, filed May 14, 2026
−$1.6MView ↗
How Are They Changing?
Growing.
Revenue grew 50.5x in 2 years, from $63.9K in FY2023 to $3.2M in FY2025, about 610% a year.
20-F for FY2025, filed May 14, 2026
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