{"id":2877,"date":"2021-11-19T22:15:00","date_gmt":"2021-11-19T22:15:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3583401_CN83401_0"},"modified":"2021-11-19T22:15:00","modified_gmt":"2021-11-19T22:15:00","slug":"entrepreneur-universe-bright-group-announces-2021-q3-financial-results","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=2877","title":{"rendered":"ENTREPRENEUR UNIVERSE BRIGHT GROUP Announces 2021 Q3 Financial Results"},"content":{"rendered":"

XI’AN, China<\/span>, Nov. 20, 2021 \/PRNewswire\/ — ENTREPRENEUR UNIVERSE BRIGHT GROUP (“EUBG” or the “Company”) (OTCBB: EUBG), a digital marketing consulting company, today announced its unaudited financial results for the third quarter ended September 30, 2021<\/span>.<\/p>\n

Mr. Guolin Tao<\/span>, CEO of Entrepreneur Universe Bright Group commented, “During the third quarter, our business and operation continued suffering material negative impact by the outbreak of COVID-19 in China. We expect that our business operation will return to normal as COVID-19 pandemic has mostly been under control in China.”<\/p>\n

“Both the new retail industry and the e-comm’s live streaming industries have experienced explosive growth, fueled by the development of the “key opinion leader” (KOL) economy<\/span>. Facing the increasing demand for high-quality KOLs, we have hired more staff to handle our KOL Training Coordination business. Additional resources being deployed toward the platform continued out of our growth strategy. Entrepreneur Universe Bright Group rides on the right industry cycle and is confident that the Company’s long-term performance will benefit from the number of clients growth. We look forward to creating increasing value for shareholders and share its development with the wider capital market,” Mr. Tao added.<\/p>\n

Third Quarter 2021 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

For the
three months ended
September 30,<\/b><\/span><\/p>\n<\/td>\n

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

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

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

2020<\/b><\/span><\/p>\n<\/td>\n

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

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

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

1,622,471<\/span><\/p>\n<\/td>\n

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

3,249,303<\/span><\/p>\n<\/td>\n

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

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

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

(870,967)<\/span><\/p>\n<\/td>\n

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

(168,640)<\/span><\/p>\n<\/td>\n

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

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

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

751,504<\/span><\/p>\n<\/td>\n

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

3,080,663<\/span><\/p>\n<\/td>\n

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

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

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

(54,921)<\/span><\/p>\n<\/td>\n

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

(58,988)<\/span><\/p>\n<\/td>\n

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

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

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

(326,090)<\/span><\/p>\n<\/td>\n

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

(169,535)<\/span><\/p>\n<\/td>\n

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

Other income (expense), net<\/span><\/p>\n<\/td>\n

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

38,847<\/span><\/p>\n<\/td>\n

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

18,514<\/span><\/p>\n<\/td>\n

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

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

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

409,340<\/span><\/p>\n<\/td>\n

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

2,870,654<\/span><\/p>\n<\/td>\n

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

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

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

(201,789)<\/span><\/p>\n<\/td>\n

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

(941,026)<\/span><\/p>\n<\/td>\n

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

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

<\/td>\n\n

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

\n

207,551<\/span><\/p>\n<\/td>\n

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

1,929,628<\/span><\/p>\n<\/td>\n

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