{"id":12564,"date":"2024-11-14T13:31:03","date_gmt":"2024-11-14T06:31:03","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=12564"},"modified":"2024-11-14T13:31:03","modified_gmt":"2024-11-14T06:31:03","slug":"entrepreneur-universe-bright-group-reports-q3-2024-financial-results","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=12564","title":{"rendered":"Entrepreneur Universe Bright Group Reports Q3 2024 Financial Results"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">XI&#8217;AN, China<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Nov. 14, 2024<\/span><\/span> \/PRNewswire\/ &#8212; Entrepreneur Universe Bright Group (&#8220;EUBG&#8221; or the &#8220;Company&#8221;) has announced its unaudited financial results for the third quarter ended <span class=\"xn-chron\">September 30, 2024<\/span>. The company reported total revenue of <span class=\"xn-money\">$1,670,203<\/span>, a decrease of approximately 2.6% from <span class=\"xn-money\">$1,714,786<\/span> in the same period last year. Despite challenges from the macroeconomic environment, the Company maintained relatively stable business performance through its diversified consultancy services.<\/p>\n<p>During this quarter, on or about <span class=\"xn-chron\">September 12, 2024<\/span>, the Company paid a special one-time cash dividend totaling <span class=\"xn-money\">$2,211,536<\/span>, demonstrating its commitment to creating maximum value for its shareholders and showcasing financial stability.<\/p>\n<p>Financial Highlights:<\/p>\n<ul type=\"disc\">\n<li>Total Revenue: <span class=\"xn-money\">$1,670,203<\/span>, representing an approximately 2.6% decline from <span class=\"xn-money\">$1,714,786<\/span> in Q3 2023.<\/li>\n<li>Gross Profit: <span class=\"xn-money\">$1,490,851<\/span>, a decrease of approximately 6.9% year-over-year, primarily due to increased costs from the introduction of a new service provider and the salary adjustments for certain employees.<\/li>\n<li>Net Income: <span class=\"xn-money\">$703,615<\/span>, a decrease of approximately 5.1% compared to <span class=\"xn-money\">$741,170<\/span> in Q3 2023.<\/li>\n<li>Cash and Cash Equivalents: Following the special dividend payment, the company held <span class=\"xn-money\">$8,275,329<\/span> in cash and cash equivalents at the end of the quarter, indicating a solid financial position.<\/li>\n<\/ul>\n<p>Business and Market Update:<\/p>\n<p>Amid global and mainland <span class=\"xn-location\">China<\/span> economic uncertainties, the Company sustained its operations by optimizing costs and providing diversified services, including consultancy support for the live-streaming sector.<\/p>\n<p>The company management stated:<\/p>\n<p>&#8220;In a challenging market, we continue to deliver high-quality consultancy services and adapt our strategies to meet the dynamic needs of the industry.&#8221;<\/p>\n<p>Outlook:<\/p>\n<p>EUBG will remain focused on enhancing operational efficiency and expanding its client base to strengthen its market adaptability and achieve sustainable operational performance in the future.<\/p>\n<p><b>About ENTREPRENEUR UNIVERSE BRIGHT GROUP<\/b><\/p>\n<p>ENTREPRENEUR UNIVERSE BRIGHT GROUP is a <span class=\"xn-location\">Nevada<\/span> holding company and conducts all of its operations through its wholly-owned subsidiaries in <span class=\"xn-location\">Hong Kong<\/span> and in <span class=\"xn-location\">the People&#8217;s Republic of China<\/span>. The <span class=\"xn-location\">China<\/span> subsidiary mainly engages in consulting, sourcing and marketing services in <span class=\"xn-location\">China<\/span> with support from its <span class=\"xn-location\">Hong Kong<\/span> subsidiary. The Company is dedicated to providing business consulting services covering multiple markets across <span class=\"xn-location\">China<\/span>. For more information about the Company, please visit: <a href=\"http:\/\/www.eubggroup.com\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/www.eubggroup.com\/<\/a>.\u00a0<\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p>This press release contains projections and &#8220;forward-looking statements&#8221; as defined by the Private Securities Litigation Reform Act of 1995 related to the Company&#8217;s business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as &#8220;may, &#8220;will, &#8220;intend,&#8221; &#8220;should,&#8221; &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;project,&#8221; &#8220;estimate&#8221; or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.\u00a0 Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company&#8217;s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:\u00a0 the Company&#8217;s goals and strategies; the Company&#8217;s future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in <span class=\"xn-location\">China<\/span> and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC.\u00a0 For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company&#8217;s filings with the SEC, which are available for review at <a href=\"http:\/\/www.sec.gov\/\" rel=\"nofollow\">www.sec.gov<\/a>. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">XI&#8217;AN, China<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Nov. 14, 2024<\/span><\/span> \/PRNewswire\/ &#8212; Entrepreneur Universe Bright Group (&#8220;EUBG&#8221; or the &#8220;Company&#8221;) has announced its unaudited financial results for the third quarter ended <span class=\"xn-chron\">September 30, 2024<\/span>. The company reported total revenue of <span class=\"xn-money\">$1,670,203<\/span>, a decrease of approximately 2.6% from <span class=\"xn-money\">$1,714,786<\/span> in the same period last year. Despite challenges from the macroeconomic environment, the Company maintained relatively stable business performance through its diversified consultancy services.<\/p>\n<p>During this quarter, on or about <span class=\"xn-chron\">September 12, 2024<\/span>, the Company paid a special one-time cash dividend totaling <span class=\"xn-money\">$2,211,536<\/span>, demonstrating its commitment to creating maximum value for its shareholders and showcasing financial stability.<\/p>\n<p>Financial Highlights:<\/p>\n<ul type=\"disc\">\n<li>Total Revenue: <span class=\"xn-money\">$1,670,203<\/span>, representing an approximately 2.6% decline from <span class=\"xn-money\">$1,714,786<\/span> in Q3 2023.<\/li>\n<li>Gross Profit: <span class=\"xn-money\">$1,490,851<\/span>, a decrease of approximately 6.9% year-over-year, primarily due to increased costs from the introduction of a new service provider and the salary adjustments for certain employees.<\/li>\n<li>Net Income: <span class=\"xn-money\">$703,615<\/span>, a decrease of approximately 5.1% compared to <span class=\"xn-money\">$741,170<\/span> in Q3 2023.<\/li>\n<li>Cash and Cash Equivalents: Following the special dividend payment, the company held <span class=\"xn-money\">$8,275,329<\/span> in cash and cash equivalents at the end of the quarter, indicating a solid financial position.<\/li>\n<\/ul>\n<p>Business and Market Update:<\/p>\n<p>Amid global and mainland <span class=\"xn-location\">China<\/span> economic uncertainties, the Company sustained its operations by optimizing costs and providing diversified services, including consultancy support for the live-streaming sector.<\/p>\n<p>The company management stated:<\/p>\n<p>&#8220;In a challenging market, we continue to deliver high-quality consultancy services and adapt our strategies to meet the dynamic needs of the industry.&#8221;<\/p>\n<p>Outlook:<\/p>\n<p>EUBG will remain focused on enhancing operational efficiency and expanding its client base to strengthen its market adaptability and achieve sustainable operational performance in the future.<\/p>\n<p><b>About ENTREPRENEUR UNIVERSE BRIGHT GROUP<\/b><\/p>\n<p>ENTREPRENEUR UNIVERSE BRIGHT GROUP is a <span class=\"xn-location\">Nevada<\/span> holding company and conducts all of its operations through its wholly-owned subsidiaries in <span class=\"xn-location\">Hong Kong<\/span> and in <span class=\"xn-location\">the People&#8217;s Republic of China<\/span>. The <span class=\"xn-location\">China<\/span> subsidiary mainly engages in consulting, sourcing and marketing services in <span class=\"xn-location\">China<\/span> with support from its <span class=\"xn-location\">Hong Kong<\/span> subsidiary. The Company is dedicated to providing business consulting services covering multiple markets across <span class=\"xn-location\">China<\/span>. For more information about the Company, please visit: <a href=\"http:\/\/www.eubggroup.com\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/www.eubggroup.com\/<\/a>.\u00a0<\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p>This press release contains projections and &#8220;forward-looking statements&#8221; as defined by the Private Securities Litigation Reform Act of 1995 related to the Company&#8217;s business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as &#8220;may, &#8220;will, &#8220;intend,&#8221; &#8220;should,&#8221; &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;project,&#8221; &#8220;estimate&#8221; or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.\u00a0 Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company&#8217;s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:\u00a0 the Company&#8217;s goals and strategies; the Company&#8217;s future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in <span class=\"xn-location\">China<\/span> and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC.\u00a0 For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company&#8217;s filings with the SEC, which are available for review at <a href=\"http:\/\/www.sec.gov\/\" rel=\"nofollow\">www.sec.gov<\/a>. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-12564","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/12564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12564"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/12564\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}