Landbay Inc, a company specializing in online data marketing services through its subsidiary Zhejiang Toumi, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant financial and operational improvements, marking a pivotal shift in the company's business strategy and performance.
Financial Highlights
- Revenue-sales: $156,552, reflecting the commencement of online data marketing services through the subsidiary Zhejiang Toumi.
- Gross Profit: $15,655, achieved from the revenue streams of online data marketing services.
- Profit/(Loss) from operations: $12,254, indicating a positive shift due to revenue generation and reduced operating expenses.
- Net income/(loss): $11,483, marking a turnaround from a net loss in the previous year, driven by new revenue streams and cost management.
- Net income/(loss) per share - basic and diluted: $0.00, reflecting the net income achieved during the period.
Business Highlights
- Revenue Segments: During the three months ended June 30, 2025, the company, through its subsidiary Zhejiang Toumi, began providing online data marketing services, generating revenue of $156,552. This marks a significant shift in business strategy following a management change.
- Geographical Performance: The company's operations are primarily conducted through its subsidiary in Hangzhou City, Zhejiang Province, China. This subsidiary, Zhejiang Toumi, is responsible for the company's revenue generation through online data marketing services.
- New Product Launches: The company plans to launch its live software service business through its subsidiary, Zhejiang Toumi. Although initially scheduled for August 2024, technical issues have delayed the launch, and preparations are still ongoing.
- Future Outlook: Management plans to improve operating performance and profitability, increase cash flows from operations, and obtain additional working capital support from the company’s majority shareholder and President. However, there is no assurance that these plans will be successfully implemented.
SEC Filing: