{"id":11055,"date":"2022-08-15T18:30:00","date_gmt":"2022-08-15T18:30:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3845093_CN45093_0"},"modified":"2022-08-15T18:30:00","modified_gmt":"2022-08-15T18:30:00","slug":"entrepreneur-universe-bright-group-announces-2022-q2-financial-results","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=11055","title":{"rendered":"ENTREPRENEUR UNIVERSE BRIGHT GROUP Announces 2022 Q2 Financial Results"},"content":{"rendered":"

XI’AN, China<\/span>, Aug. 16, 2022 \/PRNewswire\/ — ENTREPRENEUR UNIVERSE BRIGHT GROUP (“EUBG” or the “Company”) (OTCBB: EUBG), a digital marketing consulting company, announced its unaudited financial results for the second quarter ended June 30, 2022<\/span>.<\/span><\/p>\n

Mr. Guolin Tao<\/span>, CEO of Entrepreneur Universe Bright Group commented, “Due to the government measures taken to contain COVID-19, the offline activities of the Company’s PRC subsidiary were restricted from late January to May 2020<\/span>, resulting in cancellations or postponements of the marketing efforts of our customers. Specifically, as a result of government mandated closures of non-essential business in China<\/span>, many of the Company’s customers’ business were suspended while others permanently closed their businesses. From December 22, 2021<\/span> to January 24, 2022<\/span>, Xi’an<\/span> city, the PRC, went into lockdown following a coronavirus outbreak that officials attributed to the delta variant. From April 16, 2022<\/span> to April 19, 2022<\/span>, the city was under temporary controls of social activities after reporting more than 40 infections in half month. This affected both the Company’s digital marketing consulting services and our KOL Training Related Services.”<\/p>\n

Second Quarter 2022 Unaudited Financial Results<\/b><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n\n

Three months ended
June 30,<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

2022<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

2021<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Revenue<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

840,868<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

873,084<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Cost of revenue<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

(113,332)<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

(199,451)<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Gross profit<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

727,536<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

673,633<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Selling expenses<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

(8,319)<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

(85,760)<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

General and administrative expenses<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

(331,385)<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

(351,935)<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Total other income, net<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

58,099<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

32,392<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Income before income tax<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

445,931<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

268,330<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Income tax expense<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

(180,081)<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

(146,289)<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Net income<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

265,850<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

122,041<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n