Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 107

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 107
---
ITEM 4A. UNRESOLVED STAFF COMMENTS

None / Not applicable.

ITEM 5. OPERATING AND FINANCIAL REVIEW AND
PROSPECTS

A. Operating Results

You should read the following discussion and
analysis of the Company’s financial condition and results of operations in conjunction with the section entitled “ Selected
Consolidated Financial Data” and the Company’s consolidated financial statements and the related notes included elsewhere
in this Report. This discussion contains forward-looking statements that involve risks and uncertainties. The Company’s actual results
and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of various factors,
including those set forth under “ Risk Factors” and elsewhere in this Report.

Business Overview

We are one of the largest comprehensive brand
management partners of international beauty and personal care brands in China. To purchase from global brand owners and conduct sales
in China, our comprehensive brand management capabilities encompass all segments of the brand management value chain, including strategy,
branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse and fulfilment. Our mission
is to help global brands enter, grow and succeed in China.

We generate revenue from the sales of the products
of our brand partners. Any services that we provide to our brand partners in connection with the arrangements with our brand partners
is factored into our overall budget and cost when we resell the brand partners’ products to consumers in China. We sell products
to three groups: (i) online marketplaces; (ii) distributors; and (iii) directly to end consumers from e-commerce stores
operated by us.

We also generate revenue from provision of operation
services for online stores owned by customers. The operation services cover marketing and promotion of cosmetics products, warehouse management,
logistics of products, and customer relationship services.

For the years ended December 31, 2024,
2023 and 2022, net revenue from product sales came to $124.2 million, $144.5 million and $145.0 million, respectively. For the years
ended December 31, 2024, 2023 and 2022, revenue from provision of operation services came to $4.8 million, $4.5 million and $0.2 million,
respectively.

For the year ended December 31, 2024, the Company
incurred net loss from operations of $8.8 million. For the years ended December 31,