Paranovus Entertainment Technology Ltd
pavs.aiWhat Do They Do?
Sells wholesale footwear and other consumer products to independent wholesalers, distributors and resellers. Also sells products through TikTok shops and provides TikTok e-commerce services to third-party merchants.
20-F for FY2026, filed Aug 14, 2026Bomie’s offline product sales primarily consist of wholesale sales of footwear, including branded sneakers, and other consumer products…View ↗
BW, through its wholly owned subsidiaries, Bomie US LLC (“Bomie US”) and WooKoo LLC (“Wookoo”), engages in product sales through offline…View ↗
BW generates revenue through multiple channels, including product sales on its own TikTok Shops, collaborative sales with key opinion…View ↗
How Do They Make Money?
Wholesale customers buy products, with sales counted when goods are delivered and accepted; online platforms remit collected sales under their settlement terms. Merchants pay for ongoing e-commerce support as it is provided, and for distinct deliverables when accepted.
20-F for FY2026, filed Aug 14, 2026Offline product sales primarily consist of wholesale product sales by Bomie. The Company is the principal because it controls the products…View ↗
Online store sales primarily consist of products sold by Wookoo through third-party e-commerce platforms. The Company is the principal…View ↗
E-commerce solution services include training, consulting, brand design, advertising and content production, livestreaming operations and…View ↗
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20-F for FY2026, filed Aug 14, 2026
FY2026 revenue by product or service ↗
$14.6M
-
20-F for FY2026, filed Aug 14, 2026
$14.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Offline product sales
Sold outright
20-F for FY2026, filed Aug 14, 2026 |
63% |
Offline product sales, FY2026
$9.2M Sources
|
Sold outright |
|
Service revenue
Mix
20-F for FY2026, filed Aug 14, 2026 |
18% |
Service revenue, FY2026
$2.6M Sources
|
Mix |
|
Online store sales
Sold outright
20-F for FY2026, filed Aug 14, 2026 |
19% |
Online store sales, FY2026
$2.7M Sources
|
Sold outright |
Who Are Their Customers?
Bomie sells to independent wholesalers, distributors and resellers. Wookoo sells products through TikTok shops and direct-to-consumer channels, while third-party merchants buy BW's e-commerce services.
20-F for FY2026, filed Aug 14, 2026
20-F for FY2026, filed Aug 14, 2026
For the year ended March 31, 2026, three customers accounted for $3,531,764, $1,831,950 and $1,602,955, representing 24.19%, 12.55% and…View ↗
Do Revenues Turn Into Profits?
No. It lost $12.7M in FY2026.
20-F for FY2026, filed Aug 14, 2026
−$14.7MView ↗
20-F for FY2026, filed Aug 14, 2026
−$12.7MView ↗
20-F for FY2026, filed Aug 14, 2026
−$1.4MView ↗
How Are They Changing?
Shrinking. Revenue fell 30% in 4 years, from $20.8M in FY2022 to $14.6M in FY2026, about 8% a year.
From China operations to U.S. commerce
The older report describes nutraceuticals, e-commerce solutions for small and medium-sized businesses, and an automobile-sales platform in China. The latest report describes a U.S. business selling products through offline and online channels and providing TikTok e-commerce services.
20-F for FY2023, filed Jul 27, 2023 20-F for FY2026, filed Aug 14, 2026Paranovus is the sole shareholder of Happiness Hong Kong, incorporated in Hong Kong on March 5, 2018, which is the sole shareholder of…View ↗
On July 17, 2020, Happy Buy (Fujian) Internet Technology Co., Limited, or “Happy Buy”, was incorporated under the laws of People’s Republic…View ↗
On April 27, 2021, Taochejun (Fujian) Auto Sales Co., Limited, “Taochejun”, was incorporated under the laws of People’s Republic of China…View ↗
We are a holding company incorporated in Cayman Islands with no material operations of our own. Currently, our operation is conducted…View ↗
BW, through its wholly owned subsidiaries, Bomie US LLC (“Bomie US”) and WooKoo LLC (“Wookoo”), engages in product sales through offline…View ↗
BW generates revenue through multiple channels, including product sales on its own TikTok Shops, collaborative sales with key opinion…View ↗
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