Landbay Inc (OTC: LNBY) is a small holding company that sells network equipment and provides online data marketing services through its subsidiary, Zhejiang Toumi, based in Zhejiang Province, China. Revenue is transactional, generated from equipment sales and online marketing services to customers. The company generated $564,781 in sales revenue for the fiscal year ended March 31, 2025, up from $9,539 in furniture sales for the fiscal year ended March 31, 2024, reflecting a shift to new operations under Zhejiang Toumi. The company reported a net loss of $53,100 for fiscal year ended March 31, 2025, an accumulated deficit of $506,151 as of March 31, 2025, cash of $4,701, and a working capital deficiency of $48,450. Shares trade on OTC Markets under the symbol LNBY and are subject to penny stock rules. The company is incorporated in New York and operates with 30,000,000 authorized Class A common shares as of March 21, 2024.

Revenue model

Transactional revenue from sales of network equipment and online data marketing services through subsidiary Zhejiang Toumi. Total sales revenue was $564,781 for fiscal year ended March 31, 2025, with cost of goods sold of $508,170.

Products and services

Network equipment sales and online data marketing services (fiscal year ended March 31, 2025, via Zhejiang Toumi subsidiary). Prior period operations included furniture sales.

Customers and end markets

Customers of network equipment and online data marketing services. No specific customer concentration or end market detail disclosed in the filing excerpts.

Value-chain role

Distributor and service provider of network equipment and online marketing services through subsidiary Zhejiang Toumi, based in Zhejiang Province, China.

Geographic exposure

Operations based in Zhejiang Province, China. Incorporated in New York State.

Source: SEC 10-K, filed 2025-08-08

Industry: Gold and Silver Ores