Etoiles Capital Group Co., Ltd

What they do

Etoiles Capital Group operates through subsidiaries including Etoiles Consultancy Limited (Hong Kong), Etoiles Financial Group Limited (Hong Kong), Etoiles Vision Technology (Shenzhen) Company Limited (PRC), and Etoiles Original Limited (BVI). The company's SIC classification is Services-Management Consulting Services. The controlling shareholder is Etoiles Zeneo Investment Limited, held by Mr. Kit Shing CHEUNG.

Revenue drivers

• Management consulting — The company's SIC classification is Services-Management Consulting Services, and it operates through Etoiles Consultancy Limited in Hong Kong, but the filing excerpt does not break out revenue by segment.
• Financial services — The company operates Etoiles Financial Group Limited in Hong Kong, but the filing excerpt does not disclose specific financial products or their revenue contribution.
• Technology and other — The company operates Etoiles Vision Technology (Shenzhen) Company Limited in the PRC and Etoiles Original Limited in the BVI, but the filing excerpt does not specify their revenue or business activities.

Recent performance

Annual revenue rose from $63,863 in 2023 to $2.5 million in 2024 and $3.2 million in 2025. Net income was $32,696 in 2023, $852,499 in 2024, and a net loss of $153,660 in 2025. Diluted EPS moved from $0.0018 in 2023 to $0.0461 in 2024 and negative $0.008 in 2025. Operating cash flow was $63,945 in 2023, $1.6 million in 2024, and negative $910,681 in 2025. At December 31, 2025, total assets were $8.8 million, liabilities $3.0 million, equity $5.8 million, and cash $5.4 million.

Strategy

The filing excerpt provided does not contain a management discussion and analysis section, so specific strategic priorities, investments, or stated directions are not available in the source material. The company operates through subsidiaries in Hong Kong, mainland China, and the BVI, and its Class A Ordinary Shares trade on the Nasdaq Capital Market under the symbol EFTY. As of December 31, 2025, there were 20,110,000 ordinary shares outstanding, consisting of 15,110,000 Class A and 5,000,000 Class B shares. The controlling shareholder is Etoiles Zeneo Investment Limited.

Risks

• Profitability reversal — The company swung from net income of $852,499 in 2024 to a net loss of $153,660 in 2025.
• Negative operating cash flow — Operating cash flow turned negative at $910,681 in 2025, down from positive $1.6 million in 2024.
• Limited disclosure — The provided filing excerpt lacks detailed segment, product, and customer information, and does not include a management discussion and analysis section.
• Concentration and control — The company is controlled by Etoiles Zeneo Investment Limited, held by Mr. Kit Shing CHEUNG, which may limit minority shareholder influence.

Outlook

The provided filing excerpt does not include forward-looking statements or management guidance. No specific outlook for revenue, expenses, or strategic initiatives is available in the source material.