Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 118

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 118
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  Selling and marketing expenses                                        (17,144,161                 (18,283,260                    1,139,099       (6  
  General and administrative expenses                                    (6,544,083                  (4,111,399                   (2,432,684       59  
  Total operating expenses                                              (23,688,244                 (22,394,659                   (1,293,585        6  
  Income from operations                                                 13,321,021                  10,142,888                    3,178,133       31  
  Other income (expenses)                                                                                                                              
  Interest expenses, net                                                   (842,246                    (612,554                     (229,692       37  
  Other income                                                               55,442                     351,347                     (295,905      (84  
  Foreign currency exchange loss                                           (843,319                    (508,845                     (334,474       66  
  Income before provision for income tax                                 11,690,898                   9,372,836                    2,318,062       25  
  Income tax expenses                                                    (1,940,852                  (1,469,225                     (471,627       32  
  Net income                                  $                           9,750,046      $            7,903,611      $             1,846,435       23  

Revenues

We generate revenues from (i) sales of beauty
and personal care products of international brands over multiple sales channels, and (ii) rendering operations services for online stores
owned by cosmetics brands, which was a new revenue stream launched in the year of 2022. Our revenues increased by $3.7 million, or
3% from $145.3 million for the year ended December 31, 2022 to $149.0 million for the year ended December 31, 2023. The increase
was primarily driven by our operation services, which contributed revenues of $4.5 million for the year ended December 31, 2023.

Cost of revenues

Our cost of revenues kept stable at $112.0 million
and $112.7 million for the years ended December 31, 2023 and 2022, which was in line with our stable revenues from sales of beauty
and personal care products. Our cost of revenues was primarily comprised of purchase price of beauty and personal care products, and staff
cost and warehouse and logistic expenses related