Golden Heaven Group Files 2024 Annual Report

TL;DR

Golden Heaven Group filed its 2024 20-F, check financials for amusement biz.

AI Summary

Golden Heaven Group Holdings Ltd. filed its annual report (Form 20-F) for the fiscal year ended September 30, 2024. The company, primarily involved in amusement and recreation services, is based in Nanping City, Fujian Province, China. The filing was made on January 27, 2025, under SEC file number 001-41675.

Why It Matters

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

Risk Assessment

Risk Level: medium — As a foreign private issuer filing a 20-F, there are inherent risks related to differing accounting standards and regulatory oversight compared to domestic US companies.

Key Players & Entities

• GOLDEN HEAVEN GROUP HOLDINGS LTD. (company) — Filer of the 20-F
• 0001213900-25-006978 (filing_id) — Accession Number for the filing
• 20250127 (date) — Filing Date
• 20240930 (date) — Fiscal Year End
• 001-41675 (sec_file_number) — SEC File Number
• 7990 (sic_code) — Standard Industrial Classification Code
• NANPING CITY, FUJIAN PROVINCE (location) — Company Business Address

FAQ

Key Financial Figures

• $0.005 — dinary shares of the Company, par value $0.005 per share; "Class B Ordinary Shares"
• $ — areas subject to its jurisdiction; "US$," "$," "USD" and "U.S. dollars" are to

Filing Documents

• ea0228149-20f_golden.htm (20-F) — 1578KB
• ea022814901ex2-2_golden.htm (EX-2.2) — 90KB
• ea022814901ex12-1_golden.htm (EX-12.1) — 10KB
• ea022814901ex13-1_golden.htm (EX-13.1) — 4KB
• ea022814901ex15-1_golden.htm (EX-15.1) — 7KB
• ea022814901ex15-2_golden.htm (EX-15.2) — 2KB
• image_001.jpg (GRAPHIC) — 104KB
• ex15-1_001.jpg (GRAPHIC) — 7KB
• ex15-2_001.jpg (GRAPHIC) — 15KB
• 0001213900-25-006978.txt ( ) — 6430KB
• gdhg-20240930.xsd (EX-101.SCH) — 51KB
• gdhg-20240930_cal.xml (EX-101.CAL) — 44KB
• gdhg-20240930_def.xml (EX-101.DEF) — 242KB
• gdhg-20240930_lab.xml (EX-101.LAB) — 394KB
• gdhg-20240930_pre.xml (EX-101.PRE) — 252KB
• ea0228149-20f_golden_htm.xml (XML) — 526KB

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 94 PART II 95 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 95 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 95 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 95 ITEM 16. [RESERVED] 96 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 96 ITEM 16B. CODE OF ETHICS 96 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 97 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 97 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 97 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 97 ITEM 16G. CORPORATE GOVERNANCE 98 ITEM 16H. MINE SAFETY DISCLOSURE 98 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 98 ITEM 16J. INSIDER TRADING POLICIES 98 ITEM 16K. CYBERSECURITY 98 PART III 99 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 99 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 99 ITEM 19. EXHIBITS 99 i INTRODUCTION In this annual report on Form 20-F, unless the context otherwise requires, references to: "BVI" are to the British Virgin Islands; "China" and the "PRC" are to the People's Republic of China; "Class A Ordinary Shares" are to Class A ordinary shares of the Company, par value $0.005 per share; "Class B Ordinary Shares" are to Class B ordinary shares of the Company, par value $0.005 per share; "Exchange Act" are to the Securities Exchange Act of 1934, as amended; "Nasdaq" are to Nasdaq Stock Market LLC; "operating entities" are to the six subsidiaries that conduct our operations in China, consisting of Changde Jinsheng Amusement Development Co., Ltd., Qujing Jinsheng Amusement Investment Co., Ltd., Tongling Jinsheng Amusement Investment Co., Ltd., Yuxi Jinsheng Amusement Development Co., Ltd., Yueyang Jinsheng Amusement Development Co., Ltd., and Mangshi Jinsheng Amusement Park Co., Ltd.; "ordinary shares" or "Ordinary Shares" are to the Class A Ordinary Shares and Class B Ordinary Shares; "RMB" and "Renminbi" are to the legal currency of China; "SEC" are to the United States Securities and Exchange Commission; "Securities Act" are to the Securities Act of 1933, as amended; "U.S.", "US" or "United States" are to United States of America, its territories, its possessions and all areas subject to its jurisdiction; "US$," "$," "USD" and "U.S. dollars" are to the legal currency of the United States; and "we," "the Company," "us," "our company," "our" are to Golden Heaven Group Holdings Ltd., our Cayman Islands holding company, unless the context suggests otherwise, and also includes its subsidiaries when describing the consolidated financial information of Golden Heaven Group Holdings Ltd. This annual report on Form 20-F includes our audited consolidated financial statements for the fiscal years ended September 30, 2024, 2023, and 2022. The financial statements of the Company

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

Item 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not Applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

Item 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not Applicable.

KEY INFORMATION

Item 3. KEY INFORMATION A. [Reserved] B. Capitalization and Indebtedness Not applicable. C. Reasons for the Offer and Use of Proceeds Not applicable. D.

Risk Factors

Risk Factors Risks Related to Doing Business in the PRC Adverse changes in economic, political and social conditions of the PRC government could have a material adverse effect on the operating entities' business. The parks managed by the operating entities are located in different cities in China. Accordingly, the operating entities' business, financial condition, results of operations and growth prospects may be influenced to a significant degree by political, economic and social conditions in China generally. The Chinese economy differs from the economies of most of the developed countries in many respects, including the level of government involvement, level of development, growth rate, control of foreign exchange and allocation of resources. Although the Chinese government has implemented measures emphasizing the utilization of market forces for economic reform, the reduction of state ownership of productive assets, and the establishment of improved corporate governance in business enterprises, a substantial portion of productive assets in China is still owned by the government. In addition, the Chinese government continues to play a significant role in regulating industry development by imposing industrial policies. The Chinese government also exercises significant control over China's economic growth through allocating resources, setting monetary policy, and providing preferential treatment to particular industries or companies. While the Chinese economy has experienced significant growth over the past four decades, growth has been uneven, both geographically and among various sectors of the economy, and the rate of growth has been slowing since 2012. Any adverse changes in economic conditions in China, in the policies of the Chinese government, or in social conditions in China could have a material adverse effect on the overall economic growth of China. Such developments could adversely affect the operating entities' business and operating results, lea

View Full Filing

View this 20-F filing on SEC EDGAR