Meiwu Technology Reports Significant Drop in Net Revenue to $158K for 2024, Comprehensive Income Rebounds to $1.77M

Reuters

2025/05/15

Meiwu Technology Reports Significant Drop in Net Revenue to $158K for 2024, Comprehensive Income Rebounds to $1.77M

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Meiwu Technology Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-010279), on May 14, 2025, and is solely responsible for the information contained therein.

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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%. 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ID: 0001641172-25-010279), on May 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WNW","symbol_name":"美物科技有限公司","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250514:nNDL2D9vmk:1","article_id":"2535000884","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535000884","pubTimestamp":1747254397,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Meiwu Technology Co. 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Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-010279), on May 14, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}