GreenVector Holdings Ltd

What they do

GreenVector Holdings Limited is incorporated in the Cayman Islands and operates through principal executive offices at Unit 401, 4/F., Tower 1, Harbour Centre, 1 Hok Cheung St., Hung Hom, Kowloon, Hong Kong. It is classified under the SIC industry Cement, Hydraulic, indicating cement and hydraulic-materials operations. The company reports as a foreign private issuer on Form 20-F and has Class A Ordinary Shares, par value $0.001 per share, outstanding. The filing excerpts provided do not describe specific products, customers or manufacturing facilities.

Revenue drivers

• Cement and hydraulic materials operations — The company is classified under the SIC industry Cement, Hydraulic, and reported annual revenue of $2.8M in 2024, $5.3M in 2025 and $4.4M in 2026. The filing excerpts provided do not break revenue down by product line, segment or geography.
• Scale of operation — Reported annual revenue of $4.4M in fiscal 2026 places the company at a very small revenue base within the cement and hydraulic materials classification.
• Financing and balance sheet capacity — Cash and equivalents of $1.2M and shareholder equity of $4.0M as of 2026-03-31, alongside long-term debt of $154,972, indicate the company funds a portion of its activity from its own balance sheet and limited borrowings.

Recent performance

Annual revenue was $2.8M in 2024, $5.3M in 2025 and $4.4M in 2026, so fiscal 2026 revenue declined versus fiscal 2025. Net income went from a loss of $25,675 in 2024 to $1.3M in 2025 and then to $109,728 in 2026. Operating cash flow was $197,014 in 2024, $849,377 in 2025 and $200,343 in 2026, also down year over year. As of 2026-03-31 the company reported total assets of $7.2M, total liabilities of $3.2M, shareholder equity of $4.0M and cash and equivalents of $1.2M. Long-term debt stood at $154,972 at the same date, and 11,000,000 ordinary shares were outstanding as of March 31, 2026.

Strategy

The filing excerpts provided contain forward-looking statement language referencing product development efforts, business, financial condition, results of operations, strategies and prospects, but do not set out specific strategic initiatives. Identified areas of uncertainty include development of future business, the ability to scale operations, market acceptance of services and products, and obtaining and maintaining necessary government certifications, approvals and/or licenses. The document also flags continued development of a public trading market for the company's securities as a factor affecting results. No specific capital expenditure plans, acquisitions, or expansion programs are described in the excerpts provided. Strategy should be assessed only against these general statements until the full Item 4 and Item 5 disclosures are reviewed.

Risks

• Revenue concentration at a small scale — Annual revenue of $4.4M in fiscal 2026, down from $5.3M in fiscal 2025, leaves limited cushion against customer or market loss.
• Earnings volatility — Net income swung from a $25,675 loss in 2024 to $1.3M in 2025 and $109,728 in 2026, and operating cash flow fell from $849,377 to $200,343 over the same two years.
• Regulatory and licensing exposure — The company's own risk factors cite the ability to obtain and maintain all necessary government certifications, approvals and/or licenses to conduct its business.
• Early-stage public market and scaling execution — The filing cites capabilities of business operations and the ability to scale operations, along with continued development of a public trading market for its securities, as factors that could cause actual results to differ.

Outlook

The filing excerpts provided do not contain specific forward guidance, revenue targets or capital plans. The forward-looking statements section lists general factors including timing of future business development, market acceptance, competition and tariff or regulatory changes that could affect results. Management's outlook should be read from the full Item 5 Operating and Financial Review and Prospects, which is not included in the excerpts provided.