AiXin Life International Inc (PK:AIXN)
Business Focus: Special Foods & Welbeing Products
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Hongxing Intl Business Building 2 , 14Th Flr, No. 69, Qingyun Souve Ave., CHENGDU SIC 610021 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Quanzhong Lin Chairman of the Board, President, Chief Executive Officer | Tianfeng Li Chief Financial Officer | |
| Business Overview |
| AiXin Life International Inc, formerly Mercari Communications Group Ltd, is a holding company mainly engaged in the provision of health and wellness products. The Company operates its business through four segments, Products, Pharmacies, Hotel, and Manufacture and Sales. The Company mainly develops, manufactures, markets and sells healthcare, nutritional products and wellness supplements, including herbs and greens, traditional Chinese remedies, functional products, such as weight management products, probiotics, foods and drinks. The Company's hotel business includes rental of rooms, food and beverage sales and other ancillary goods and services, including but not limited to souvenir, parking and conference reservations. The Company also provide advertising and marketing services. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, AiXin Life International Inc revenues increased 51% to $4.1M. Net loss decreased 67% to $2.1M. Revenues reflect Manufacture and sale segment increase from $238K to $798K, Hotel segment increase of 39% to $1.2M, Advertising and Product segment increase of 41% to $1.2M. Lower net loss reflects Hotel segment loss decrease of 32% to $809K, Pharmacies segment loss decrease of 88% to $50K. |
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