Tancheng Group Co., Ltd.

What they do

Tancheng Group became an operating business in March 2023 by acquiring Qiansui International Group Limited and its subsidiaries from holders who also controlled 79.9% of Tancheng's stock. Operations run through Shanxi Qiansui Tancheng Culture Media Co., Ltd. (Qiansui Media), a PRC company near PangQuanGou National Nature Reserve in Jiaocheng County, Shanxi Province. Qiansui Media sells self-designed ornaments tied to 'Jue Cheng' culture and develops cultural tourism programs and peripheral cultural products. Qiansui HK and Qiansui Consulting are intermediary holding companies above Qiansui Media.

Revenue drivers

• 'Jue Cheng' Ornament — Copper, gold and polymer nanomaterial ornament, named first among the Company's ornament and adornment products; the 10-K states that sale of self-designed ornament and adornment products was the primary revenue source in 2025 and 2024.
• Chinese Twelve Zodiac Pendants — Pendants made from rhodium, gold, silver, copper, zinc, nickel and natural gemstones, one of the listed ornament product lines.
• Master Hongyi's Heart Sutra — A third listed ornament and adornment product; no separately disclosed revenue for any product line appears in the excerpts.
• Cultural tourism programs — The Company describes creating cultural tourism programs and large-scale recreational tourism projects, but the excerpts disclose no revenue from tourism.

Recent performance

Annual revenue fell to $217,019 in 2025 from $502,550 in 2024, with a net loss of $371,187 versus $288,160. Operating cash flow was -$449,137 in 2025 and -$586,597 in 2024, and cash and cash equivalents were only $17,238 at December 31, 2025. Quarterly revenue fell from $52,198 at 2025-09-30 to $991 at 2025-12-31 and to $0 in both 2026-03-31 and 2026-06-30. For the three months ended June 30, 2026, the Company reported no revenue versus $19,097 in 2025 and a net loss of $91,078 versus $85,157, with general and administrative expense of $86,168.

Strategy

Management attributes the drop in revenue to a strategic shift beginning in the second half of 2025, reallocating resources from external sales toward internal processes. The stated growth strategies are to explore and develop 'Jue Cheng' culture through research and expert collaboration, develop high-quality peripheral cultural products, and develop large-scale recreational tourism projects, including partnering with local government. The Company raised its authorized common stock from 75,000,000 to 1,000,000,000 shares in April 2023.

Risks

• Going concern — At December 31, 2025 the Company had a working capital deficiency of $1,948,953, cash of $17,238, and losses and negative operating cash flow that raise substantial doubt about its ability to continue as a going concern.
• Revenue collapse — Revenue fell to $217,019 in 2025 and to zero in the quarters ended March 31 and June 30, 2026, leaving no current product revenue to cover operating costs.
• China regulatory exposure — All operations are in China, where the government may exercise significant oversight and discretion, and changes in PRC laws could require the Company to change its business or face penalties.
• Shareholder deficit — At June 30, 2026 shareholder equity was negative $2.2 million against total liabilities of $4.1 million and total assets of $2.0 million.

Outlook

The 10-K states that the conditions described raise substantial doubt about the Company's ability to continue as a going concern, and no revenue guidance is provided. Management's stated priorities remain developing 'Jue Cheng' cultural products and large-scale recreational tourism projects, with a shift away from external sales efforts that began in the second half of 2025. The excerpts contain no timeline, financing commitment, or projected figures for these initiatives.