Tue, Oct 22, 8:48 PM (71 days ago)
**Tianci International, Inc. (Ticker: CIIT) 10-K Summary for Year Ended July 31, 2024** **Financial Performance:** Tianci International reported significant growth in revenue, reaching $8,617 (000s), up from $452 (000s) in the previous year, primarily driven by its logistics service segment, which accounted for 97% of total revenue. This growth led to a net income of $110 (000s), a substantial recovery from a net loss of $356 (000s) in 2023. **Operating Expenses:** Total operating expenses rose to $887 (000s), reflecting increased commissions and professional fees related to public offerings. **Earnings Per Share:** EPS for shareholders was reported at $0.01, a turnaround from a loss of $0.10 the previous year. **Strategic Overview:** Following a reverse acquisition of RQS United in March 2023, Tianci transitioned from a shell company to a functioning logistics provider. The company has adopted an asset-light strategy, focusing on global logistics services, with operations primarily in Hong Kong and the Asia-Pacific region. **Future Outlook:** The company anticipates continued growth in logistics services, driven by increasing demand as global trade recovers post-pandemic. **Risk Factors:** Key risks include geopolitical tensions, competitive pressures, and regulatory changes affecting operations in Hong Kong and Mainland China. **Financial Condition:** As of July 31, 2024, Tianci's working capital stood at $788 (000s), indicating improved liquidity and financial stability. **Market Position Changes:** Tianci's shift to logistics services positions it favorably in a growing market, with plans to expand operations into South America and Africa.