Sells primarily processed white and black tea, along with refined tea, to tea businesses and retail customers in mainland China.
20-F for FY2025, filed Apr 30, 2026Acting through its subsidiaries, the Company is principally engaged in the business of planting, cultivating, processing, and selling…View ↗
Our business operations are vertically integrated, covering cultivation, processing of tea leaves, and the sale of tea products to tea…View ↗
Our ProductsView ↗
Tea businesses and retail customers pay for primarily processed and refined tea. Customers pay in cash or on agreed credit terms; sales are counted when the goods are delivered.
20-F for FY2025, filed Apr 30, 2026
$12.2M
20-F for FY2025, filed Apr 30, 2026
$12.2M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Premium-grade
Sold outright
20-F for FY2025, filed Apr 30, 2026 |
15%
FY2022: 14%
|
Premium-grade, FY2025
$1.8M Sources
|
Sold outright |
|
First-grade {member]
Sold outright
20-F for FY2025, filed Apr 30, 2026 |
28%
FY2022: 26%
|
First-grade {member], FY2025
$3.4M Sources
|
Sold outright |
|
Second-grade
Sold outright
20-F for FY2025, filed Apr 30, 2026 |
20%
FY2022: 21%
|
Second-grade, FY2025
$2.4M Sources
|
Sold outright |
|
Third-grade
Sold outright
20-F for FY2025, filed Apr 30, 2026 |
19%
FY2022: 23%
|
Third-grade, FY2025
$2.3M Sources
|
Sold outright |
|
Premium-grade One
Sold outright
|
3.6%
FY2022: 3.1%
|
Premium-grade One, FY2025
$434K Sources
|
Sold outright |
|
First-grade One {member]
Sold outright
|
6.2%
FY2022: 5.1%
|
First-grade One {member], FY2025
$754K Sources
|
Sold outright |
|
Second-grade One
Sold outright
|
4.8%
FY2022: 4.1%
|
Second-grade One, FY2025
$581K Sources
|
Sold outright |
|
Third-grade One
Sold outright
|
4.3%
FY2022: 4.5%
|
Third-grade One, FY2025
$530K Sources
|
Sold outright |
|
Sales of refined teas
Sold outright
|
0.1%
FY2022: 0.1%
|
Sales of refined teas, FY2025
$6K Sources
|
Sold outright |
The company sells mainly to tea businesses, which typically process or package the tea before reselling it. It also sells directly to end users for their own consumption.
20-F for FY2025, filed Apr 30, 2026Key CustomersView ↗
Yes. It kept 6 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$3M.
20-F for FY2025, filed Apr 30, 2026
−$902KView ↗
20-F for FY2025, filed Apr 30, 2026
$681KView ↗
20-F for FY2025, filed Apr 30, 2026
−$3MView ↗
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