TDH Holdings, Inc. Reports Full Year 2024 Audited Financial Results
Financial Performance Overview: TDH Holdings, Inc. reported a significant increase in revenues from continuing operations, rising approximately 74,665% to $0.56 million for the fiscal year ended December 31, 2024, following the discontinuation of its restaurant business and a shift towards commercial real estate management. The company also achieved a net income of $2.68 million compared to a net loss of $23.63 million in the previous year.
Operational Changes and Future Outlook: The company has transitioned its focus entirely to managing commercial real estate properties, anticipating continued revenue growth in this sector. Despite reporting an operating loss of $1.83 million, a substantial decrease from the previous year's loss, TDH Holdings emphasizes the importance of effectively managing and leasing new properties to ensure future profitability and financial stability.
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TDH Holdings, Inc. Reports First Half 2025 Financial Results
Financial Performance: TDH Holdings, Inc. reported a significant revenue increase of 466.38% to $0.59 million for the first half of 2025, alongside a gross profit of $0.16 million, compared to $0.04 million in the same period of 2024.
Operating Loss Reduction: The company reduced its operating loss to $0.57 million from $1.08 million year-over-year, attributed to increased revenue and controlled operating costs.
Net Income Stability: Net income attributable to common stockholders rose slightly to $1.38 million, maintaining earnings per share at $0.13, consistent with the previous year.
Cash and Investments: As of June 30, 2025, TDH Holdings had cash and cash equivalents of $16.07 million and short-term investments of approximately $15.45 million, indicating a stable liquidity position.
TDH Holdings Announces its Annual General Meeting of Shareholders will be Held on October 29, 2025
Annual General Meeting Announcement: TDH Holdings, Inc. will hold its Annual General Meeting of shareholders on October 29, 2025, in Beijing, with stockholders of record as of September 19, 2025, eligible to vote.
Company Overview and Forward-Looking Statements: TDH Holdings, founded in 2002, operates in commercial real estate and includes cautionary notes about forward-looking statements that involve risks and uncertainties affecting future performance.