Future FinTech (FTFT)
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Future FinTech (FTFT) - 2024 Q2 - Quarterly Report
2024-08-20 04:30
公司收购和业务拓展 - 公司已完成对Alpha International Securities (Hong Kong) Limited和Alpha Information Service (Shenzhen) Co., Ltd.的收购,获得香港证券及期货事务监察委员会颁发的证券交易、期货合约交易和证券咨询等金融牌照[254] - 公司在2022年4月在成都设立了Future Trading (Chengdu) Co., Ltd.,从事大宗商品供应链融资服务和贸易业务[251] - 公司在2022年9月完成对Khyber Money Exchange Ltd.的收购,该公司是一家英国注册的货币汇兑公司[253] - 公司在2022年4月收购了KAZAN S.A.(更名为FTFT Paraguay S.A.),尝试在巴拉圭发展比特币和其他加密货币挖矿及相关服务业务,但最终于2023年12月解散该公司[252] - 公司在2023年3月通过FTFT UK Limited获得英国金融行为监管局颁发的电子货币指令代理资格,可以代表电子货币机构分发或赎回电子货币并提供某些金融服务[250] 业务调整和关闭 - 公司的区块链在线购物平台Chain Cloud Mall自2021年起由于疫情影响而业务大幅下滑,公司已于2023年11月启动关闭该业务并于2024年3月完成注销[256] 供应链融资和贸易业务 - 公司自2021年第二季度开始提供煤炭供应链融资服务和贸易业务,2021年第三季度开始提供铝锭供应链融资服务和贸易业务,2023年第一季度开始提供沙子和钢材供应链融资服务和贸易业务[258] - 供应链融资/贸易业务收入下降82.52%,至6.47万美元[281] - 供应链融资/贸易收入增加5.33%[299] 资产管理服务 - 公司的资产管理服务业务收入增加16.50%,达到379.21万美元[270] 其他业务 - 其他业务收入增加259.87%,达到34.62万美元[282] - 其他收入增加250.41%,主要来自债务回收咨询服务费和美元债券服务收入[300] 财务表现 - 整体毛利率提升至37.93%,较上年同期增加4.54个百分点[285] - 总体毛利率提高3.52个百分点至38.02%[303] - 一般及行政费用增加39.87%,达到338.7万美元[288] - 坏账准备下降95万美元[290] - 研发费用下降0.11万美元[291] - 研发费用减少0.32百万美元,主要由于薪资减少[309] - 销售费用增加17.44%,主要由于员工奖金增加[307] - 其他费用净额增加0.67百万美元,主要由于支付证券交易委员会的民事罚款和汇兑损益[310,311] - 净亏损从上年同期的154万美元增加至180万美元[295] - 净亏损从上年同期的3.68百万美元增加至5.77百万美元[314] - 出售已终止经营业务产生0.65百万美元收益[315] - 公司收入总额增加31.62%,主要来自资产管理服务收入的增加[298] 法律纠纷 - 公司已于2021年2月9日根据管辖权的多样性将案件及时转移到佐治亚州北区联邦地区法院[329] - 公司于2021年11月10日获得法院批准,驳回了FT Global的欺诈和违约索赔[329] - 公司于2022年10月12日就FT Global提出的所有索赔提交了概括性判决动议[329] - 法院于2023年8月31日驳回了公司的概括性判决动议[329] - 双方于2023年10月16日进行了调解[329] - 法院于2024年4月8日至11日期间举行了为期4天的审判,并判决FT Global获胜,判决金额为1,059.84万美元[329] - 公司将继续积极抗辩,包括必要时向第十一巡回上诉法院提出上诉[329] - 原告于2024年6月在新泽西州联邦地区法院提起了衍生诉讼,指控公司高管存在违反受信义务和联邦证券法的行为[330] - 公司未就该衍生诉讼被告人进行服务[330] 其他 - 公司在2023年2月完成了1:5的反向股票拆分,将公司的普通股总数从300,000,000股减少至60,000,000股[255] - 公司面临着来自中国政府的一系列新法规和监管政策的不确定性风险,可能会对公司的业务和财务前景产生重大不利影响[248][249] - 公司在香港和中国的大部分业务面临着法律和运营风险,可能会导致公司的运营和/或普通股价值发生重大变化,或严重限制甚至完全阻碍公司向投资者提供证券的能力[248]
Future FinTech Announces the Appointment of Hu Li as the New CEO
Prnewswire· 2024-08-09 21:00
NEW YORK, Aug. 9, 2024 /PRNewswire/ -- Future Fintech Group Inc. (NASDAQ: FTFT), (hereinafter referred to as "Future FinTech", "FTFT" or the "Company"), a comprehensive financial and digital technology service provider, today announced that its Board of Directors (the "Board") approved the appointment of Mr. Hu Li as Chief Executive Officer ("CEO"), President and a member of the Board of the Company, effective August 5, 2024.Mr. Li will be fully responsible for the operation and management of the Company, h ...
FUTURE FINTECH ALERT: Bragar Eagel & Squire, P.C. is Investigating Future FinTech Group Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2024-06-05 09:00
NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Future FinTech Group Inc. (NASDAQ: FTFT) on behalf of long-term stockholders following a class action complaint that was filed against Future FinTech on January 16, 2024 with a Class Period from March 10, 2020 to January 11, 2024. Our investigation concerns whether the board of directors of Future FinTech have breached their fiduciary duties ...
Future FinTech (FTFT) - 2024 Q1 - Quarterly Report
2024-05-21 04:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number: 001-34502 Future FinTech Group Inc. (Exact name of registrant as specified in its charter) | --- | --- | |----------------------------- ...
Future FinTech Enters into New Bitcoin Mining Hosting Agreement for its Cryptocurrency Farm in Norwalk, Ohio
Prnewswire· 2024-04-30 20:00
NEW YORK, April 30, 2024 /PRNewswire/ -- Future Fintech Group Inc. (NASDAQ: FTFT), (hereinafter referred to as "Future FinTech", "FTFT" or the "Company"), a comprehensive financial and digital technology service provider, announced today that on April 15, 2024, its wholly-owned subsidiary, FTFT SuperComputing Inc. ("FTFT SuperComputing"), signed a data mining hosting agreement (the "Agreement") with Tech Solution Inc. ("Tech Solution") which stipulates that FTFT SuperComputing will provide hosting services ...
3 Penny Stocks That Could Be Multibaggers in the Making: April Edition
InvestorPlace· 2024-04-24 22:56
As we look ahead to the coming year, penny stocks may become increasingly popular among investors. With the risk-free rate set to decrease due to lower interest rates, and many analysts predicting a rise in major indices like the S&P 500 and Nasdaq, the stage could be set for these small-cap investments to flourish. The rate decreases might come a little later than expected, but sooner or later the cracks in the robust U.S. economy will show.Investors may choose to take positions in penny stock companies as ...
Future FinTech (FTFT) - 2023 Q4 - Annual Report
2024-04-17 00:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to _________ Commission File Number 001-34502 Future FinTech Group Inc. (Exact name of registrant as specified in its charter) Florida 98-0222013 (State or other ju ...
FUTURE FINTECH INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $25,000 In Future FinTech To Contact Him Directly To Discuss Their Options
Newsfilter· 2024-02-16 00:00
If you suffered losses exceeding $25,000 investing in Future FinTech stock or options between March 10, 2020 and January 11, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/FTFT. There is no cost or obligation to you. NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating pot ...
Future FinTech stock topples as SEC charges CEO with fraud and disclosure failures
Proactive Investors· 2024-01-12 21:12
Proactive团队 - Stephen Gunnion是Proactive Investors的高级财经记者和广播员,拥有超过25年的电视、广播和印刷媒体经验[2] - Proactive的金融新闻团队遍布全球主要金融和投资中心,拥有办事处和工作室[4] 专注领域 - Proactive团队专注于中小市值市场,同时也关注蓝筹公司、大宗商品和更广泛的投资故事[5] 跨市场报道 - Proactive团队提供跨市场的新闻和独特见解,涵盖生物技术和制药、矿业和自然资源、电池金属、石油和天然气、加密货币以及新兴数字和电动车技术等领域[6]
Future FinTech stock drops 17% after SEC charges CEO
Market Watch· 2024-01-12 11:24
金融集团股价下跌 - 证券交易委员会指控黄善春在接任首席执行官之前人为夸大公司股价[1] - 股价在周四盘后交易中下跌17%,至1.07美元,过去12个月下跌超过48%[2] - 证券交易委员会声称,黄善春在2020年初使用操纵交易技术推高金融科技公司的股价,目的是防止其在纳斯达克交易所被摘牌[3]