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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.
位於開曼群島的投資公司SRIVARU Holding Limited (SVH)發佈了截至2024年3月31日的年度財務報告。報告顯示公司淨虧損爲1148萬美元,較上年的67萬美元虧損大幅增加。公司將虧損歸因於多種因素,包括總務和行政費用的大幅增加,從41萬美元增至1092萬美元,以及存貨減值金額達26萬美元。儘管公司遭受損失,但由於COVID-19導致原材料運輸延遲,SVH的營業收入下降了62.27%,爲42538美元。該公司的總資產爲159萬美元,而總負債爲169萬美元,因此股東權益爲負性11萬美元。SVH的現金及現金等價物增至17萬美元,而上年爲2萬美元。該公司的財務表現反映了電動兩輪製造業所面臨的挑戰,包括供應鏈中斷和競爭加劇。SVH的管理層致力於戰略計劃,以改善未來的業績並擴大市場影響力。
位於開曼群島的投資公司SRIVARU Holding Limited (SVH)發佈了截至2024年3月31日的年度財務報告。報告顯示公司淨虧損爲1148萬美元,較上年的67萬美元虧損大幅增加。公司將虧損歸因於多種因素,包括總務和行政費用的大幅增加,從41萬美元增至1092萬美元,以及存貨減值金額達26萬美元。儘管公司遭受損失,但由於COVID-19導致原材料運輸延遲,SVH的營業收入下降了62.27%,爲42538美元。該公司的總資產爲159萬美元,而總負債爲169萬美元,因此股東權益爲負性11萬美元。SVH的現金及現金等價物增至17萬美元,而上年爲2萬美元。該公司的財務表現反映了電動兩輪製造業所面臨的挑戰,包括供應鏈中斷和競爭加劇。SVH的管理層致力於戰略計劃,以改善未來的業績並擴大市場影響力。
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