Meiwu Technology Co. Ltd. released its actual results for the fiscal year ending December 31, 2024, reporting a significant decrease in net revenue to $158,485 from $11.0 million in 2023. This decline was primarily attributed to the cessation of their SMS business operated by Code Beating. The company recorded a comprehensive income of $1.77 million, a notable improvement compared to the previous year's comprehensive loss of $16.98 million. In terms of business operations, Meiwu Technology currently runs two business lines: functional skincare, managed by Chunshang Xiamen, and online and mobile commerce for food products, operated by Meiwu Shenzhen and its subsidiaries. For the year 2024, the functional skincare segment contributed 45.4% to the total revenue, while the online and mobile commerce segment accounted for 54.6%. The company, registered in the British Virgin Islands, operates its business in China through its VIE and subsidiaries.
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