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20-F/A: Registration statement / Annual report / Transition report (Amendment)

20-F/A: Registration statement / Annual report / Transition report (Amendment)

20-F/A:年度報告/過渡報告/註冊聲明(修正)
美股SEC公告 ·  07/23 12:56

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SRIVARU Holding Limited (SVH), a Cayman Islands-based investment company, has released its annual financial report for the year ending March 31, 2024. The report indicates a net loss of $11.48 million, a significant increase from the previous year's loss of $0.67 million. The company attributes the loss to various factors, including a substantial increase in general and administrative expenses, which rose to $10.92 million from $0.41 million, and inventory write-downs amounting to $0.26 million. Despite the losses, SVH's revenue declined by 62.27% to $42,538, primarily due to delays in raw material shipments due to COVID-19. The company's total assets stood at $1.59 million, while total liabilities were $1.69 million, resulting in a negative stockholders' equity of $0.11 million. SVH's cash and cash equivalents increased to $0.17 million, up from $0.02 million the previous year. The company's financial performance reflects the challenges faced in the electric two-wheeler manufacturing sector, including supply chain disruptions and increased competition. SVH's management is focused on strategic initiatives to improve future performance and expand market presence.
SRIVARU Holding Limited (SVH), a Cayman Islands-based investment company, has released its annual financial report for the year ending March 31, 2024. The report indicates a net loss of $11.48 million, a significant increase from the previous year's loss of $0.67 million. The company attributes the loss to various factors, including a substantial increase in general and administrative expenses, which rose to $10.92 million from $0.41 million, and inventory write-downs amounting to $0.26 million. Despite the losses, SVH's revenue declined by 62.27% to $42,538, primarily due to delays in raw material shipments due to COVID-19. The company's total assets stood at $1.59 million, while total liabilities were $1.69 million, resulting in a negative stockholders' equity of $0.11 million. SVH's cash and cash equivalents increased to $0.17 million, up from $0.02 million the previous year. The company's financial performance reflects the challenges faced in the electric two-wheeler manufacturing sector, including supply chain disruptions and increased competition. SVH's management is focused on strategic initiatives to improve future performance and expand market presence.
总部设在开曼群岛的投资公司SRIVARU Holding Limited (SVH)发布了截至2024年3月31日的年度财务报告。报告显示净损失1148万美元,相比上年度的67万美元净亏损有显著增加。公司将其损失归因于多种因素,包括总费用和行政费用大幅增加,由41万美元增加至1092万美元,并进行了总价值26万美元的库存减值。尽管公司经历亏损,SVH的营业收入因COVID-19导致的原材料运输延误,下降了62.27%至42,538美元。公司总资产为159万美元,总负债为169万美元,导致股东权益为负11万美元。SVH的现金及现金等价物从上一年的2万美元增加至17万美元。公司的财务表现反映了电动两轮车制造业所面临的挑战,包括供应链中断和日益激烈的竞争。SVH的管理层专注于战略举措,以改善未来业绩并扩大市场占有率。
总部设在开曼群岛的投资公司SRIVARU Holding Limited (SVH)发布了截至2024年3月31日的年度财务报告。报告显示净损失1148万美元,相比上年度的67万美元净亏损有显著增加。公司将其损失归因于多种因素,包括总费用和行政费用大幅增加,由41万美元增加至1092万美元,并进行了总价值26万美元的库存减值。尽管公司经历亏损,SVH的营业收入因COVID-19导致的原材料运输延误,下降了62.27%至42,538美元。公司总资产为159万美元,总负债为169万美元,导致股东权益为负11万美元。SVH的现金及现金等价物从上一年的2万美元增加至17万美元。公司的财务表现反映了电动两轮车制造业所面临的挑战,包括供应链中断和日益激烈的竞争。SVH的管理层专注于战略举措,以改善未来业绩并扩大市场占有率。
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