Scientific Energy Inc (PK:SCGY)
Business Focus: E-commerce & Auction Services
| Sector: Technology | Industry: Internet Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 27 WELDON STRRET JERSEY CITY NJ 00000 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Stanley Chan Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Secretary | ||
| Business Overview |
| Scientific Energy, Inc. is a mobile platform for ordering and delivery services for restaurants or other merchants. The Company operates in Macau and its businesses are built on its platform, Aomi App (the Platform). The Platform connects restaurants/merchants with consumers and delivery riders. It offers customers access to the Platform primarily through its mobile applications designed for iPhone, Android, and iPad devices. In addition to food, customers can also order grocery and other non-food merchandise through its Platform, Aomi Supermarket, such as fruits and vegetables, meat, poultry, eggs and milk, seafood and aquatic products, grain, oil, seasoning, snacks, beverages and other groceries. The Platform allows customers to direct delivery riders to purchase the desired merchandise at the Aomi Supermarket and deliver to them. The Company's subsidiaries include Macao E-Media Development Company Limited, a Macau Company and Gold Gold Gold Limited (3G), a Hong Kong company. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Scientific Energy Inc revenues decreased 12% to $39M. Net income totaled $2.1M vs. loss of $3.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Selling, general and administrative exp. decrease of 6% to $15.9M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.01 to $0.01. |
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