Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 111

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 111
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 adapt to new e-commerce channels
as they emerge, our value may be less attractive to our partners. Any of these developments could have a material adverse effect on the
results of our operations.

Our ability to manage our inventory

We assume inventory ownership over products from
some brand partners and thus are subject to inventory risk. We deploy different strategies to deal with non-seasonal and seasonal
demands and make adjustments to our procurement plan in order to minimize the turnaround time of the inventory and manage our storage
costs. Demand for products, however, can change significantly between the time inventory is ordered and the date by which we target to
sell it. Demand may be affected by seasonality, new product launches, fashion trends, changes in product cycles and pricing, product defects,
changes in consumer spending patterns and habits, changes in consumer tastes with respect to our products and other factors. In addition,
when we begin selling a new product, it may be difficult to determine appropriate product selection and accurately forecast demand.

Our ability to respond to rapid changes
in channel technologies or requirements

The e-commerce marketplaces that we operate
in are characterized by rapid technological changes and frequent changes in rules, specifications and other requirements for us to be
able to sell our brand partner’s products on particular channels. Our ability to retain and attract brand partners depends in large
part on our ability to improve our existing capabilities, introduce new marketing and sales operation that can adapt quickly to the emerging
channels, such as Douyin and Xiaohongshu, and adapt to the changes in channel technologies. To achieve market acceptance for our operations,
we must effectively forecast and design operations that meet emerging channels and frequently changing channel requirements in a timely
manner. If we fail to do so, our ability to renew our contracts with existing brand partners and expand our business with new brand partners
will be impaired.

Key Components of Results of Operations

Revenues

We generated revenue primarily from (i) sales
of cosmetics and beauty products, of which we recognize the revenues on a gross basis, net of return allowances and consideration payable
to customers when the products are delivered and title is passed to customers, and (ii) provision of operation services for online stores
owned by cosmetics brand names. We launched the operation services in 2022 and recognize relevant revenues over time when services are
provided. For the years ended December 31, 2024, 2023 and 2022, our revenues were comprised of the following:

                                                    For the Years Ended December