ZW Data Action Technologies Inc. Files 2023 10-K

TL;DR

ZW Data Action Tech filed its 2023 10-K. Check financials.

AI Summary

ZW Data Action Technologies Inc. filed its 2023 10-K on June 28, 2024, reporting on its fiscal year ending December 31, 2023. The company, formerly known as ChinaNet Online Holdings, Inc., is incorporated in Nevada and operates in computer programming and data processing services. Its business address is in Beijing, China, with a mail address in Allen, Texas.

Why It Matters

This filing provides investors with the company's audited financial performance and operational details for the 2023 fiscal year, crucial for understanding its current financial health and future prospects.

Risk Assessment

Risk Level: medium — The company has a history of name changes and operates in a dynamic tech sector, which can present inherent risks.

Key Players & Entities

• ZW Data Action Technologies Inc. (company) — Filer of the 10-K
• ChinaNet Online Holdings, Inc. (company) — Former company name
• EMAzing Interactive, Inc. (company) — Former company name
• 2023-12-31 (date) — Fiscal year end
• 20240628 (date) — Filing date
• NV (state) — State of incorporation
• 888-419-9455 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 CNET Nasdaq Capital Market Securit
• $1.27 — gistrant's common stock on such date of $1.27 per share, as reported on the Nasdaq Ca
• $0.79 million — ne of the Company's subsidiaries paid US$0.79 million operating expenses in cash on behalf of
• $0.48 million — Technologies Inc.'s subsidiaries paid US$0.48 million operating expenses in cash on behalf of
• $0.55 million — ur operating subsidiaries transferred US$0.55 million and US$0.34 million cash to the consoli
• $0.34 million — aries transferred US$0.55 million and US$0.34 million cash to the consolidated VIEs in form o
• $13.41 million — sidiaries and VIEs were approximately US$13.41 million and US$13.31 million as of December 31,
• $13.31 million — re approximately US$13.41 million and US$13.31 million as of December 31, 2023 and 2022, respe

Filing Documents

• cnet20231231_10k.htm (10-K) — 3148KB
• ex_690591.htm (EX-4.4) — 10KB
• ex_690592.htm (EX-21.1) — 6KB
• ex_692367.htm (EX-23.1) — 4KB
• ex_692368.htm (EX-23.2) — 5KB
• ex_690603.htm (EX-31.1) — 8KB
• ex_690604.htm (EX-31.2) — 9KB
• ex_690605.htm (EX-32.1) — 5KB
• arkprologo_01.jpg (GRAPHIC) — 11KB
• czd.jpg (GRAPHIC) — 21KB
• czdlogo_01.jpg (GRAPHIC) — 3KB
• footer_01.jpg (GRAPHIC) — 8KB
• orgchart.jpg (GRAPHIC) — 102KB
• 0001171843-24-003699.txt ( ) — 13670KB
• cnet-20231231.xsd (EX-101.SCH) — 109KB
• cnet-20231231_def.xml (EX-101.DEF) — 664KB
• cnet-20231231_lab.xml (EX-101.LAB) — 492KB
• cnet-20231231_pre.xml (EX-101.PRE) — 713KB
• cnet-20231231_cal.xml (EX-101.CAL) — 66KB
• cnet20231231_10k_htm.xml (XML) — 2639KB

BUSINESS

BUSINESS 1 ITEM 1A.

RISK FACTORS

RISK FACTORS 17 ITEM 1B. UNRESOLVED STAFF COMMENTS 45 ITEM 1C CYBERSECURITY 45 ITEM 2

PROPERTIES

PROPERTIES 46 ITEM 3

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 46 ITEM 4 MINE SAFETY DISCLOSURES 46 PART II. 46 ITEM 5 MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 46 ITEM 6 [RESERVED] 47 ITEM 7

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 47 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 62 ITEM 8

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 62 ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 63 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 63 ITEM 9B. OTHER INFORMATION 64 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 64 PART III. 64 ITEM 10 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 64 ITEM 11

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 69 ITEM 12

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 71 ITEM 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 72 ITEM 14 PRINCIPAL ACCOUNTANT FEE AND SERVICES 73 PART IV. 73 ITEM 15 EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 73 ITEM 16 FORM 10-K SUMMARY 79 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or our future financial performance. We have attempted to identify forward-looking statements by terminology including "anticipates", "believes", "expects", "can", "continue", "could", "estimates", "expects", "intends", "may", "plans", "potential", "predict", "should" or "will" or the negative of these terms or other comparable terminology. These statements are only predictions. Uncertainties and other factors, including the risks outlined under Risk Factors contained in Item 1A of this Form 10-K, may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Our expectations are as of the date this Form 10-K is filed, and we do not intend to update any of the forward-looking statements after the filing date to conform these statements to actual results, unless required by law. We file annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and proxy and information statements and amendments to reports filed or furnished pursuant to Sections 13(a) and 15(d) of

View Full Filing

View this 10-K filing on SEC EDGAR