Nongfu Shop Files 10-K/A, Clarifies Corporate History

TL;DR

**NFSN's 10-K/A is a red flag, signaling a history of corporate identity shifts that demand deeper scrutiny from investors.**

AI Summary

Nongfu Shop Digital New Retail Co., Ltd (NFSN) filed a 10-K/A for the fiscal year ended December 31, 2024, primarily to amend its annual report. The filing indicates a significant change in the company's name from Yong Bai Chao New Retail Corp on November 10, 2021, and previously from ENVIRONMENTAL CONTROL CORP. on March 21, 2006, and BOSS MINERALS INC on March 22, 2004. The company's business address is a non-US location in Shanghai, China, with a business phone number of 18621601569. The amendment itself does not provide updated financial figures for revenue or net income, but rather corrects or clarifies information within the original 10-K. The company's fiscal year ends on December 31. The filing also lists Fei Wang as CEO as of December 31, 2024. The primary focus of this amendment appears to be administrative, ensuring compliance and accuracy of previously submitted information rather than reporting new operational results.

Why It Matters

This 10-K/A filing from Nongfu Shop Digital New Retail Co., Ltd (NFSN) is crucial for investors as it clarifies historical corporate information, including multiple name changes, which can impact due diligence and understanding of the company's lineage. For employees and customers, it provides transparency regarding the legal entity they are associated with. The competitive context is indirectly affected as clear corporate identity is fundamental for market trust and regulatory compliance, especially for a company operating from a non-US location in Shanghai, China. This administrative update ensures the public record is accurate, which is vital for maintaining investor confidence.

Risk Assessment

Risk Level: medium — The risk level is medium due to the company's history of multiple name changes: from BOSS MINERALS INC (2004), to ENVIRONMENTAL CONTROL CORP. (2006), to Yong Bai Chao New Retail Corp (2021), and now Nongfu Shop Digital New Retail Co., Ltd. This pattern of corporate identity shifts, coupled with its non-US location in Shanghai, China, could indicate potential challenges in tracking historical performance or a lack of stable business focus, increasing investor uncertainty.

Analyst Insight

Investors should conduct thorough due diligence on Nongfu Shop Digital New Retail Co., Ltd (NFSN), specifically investigating the reasons behind its numerous name changes and their impact on business operations and financial performance. Given the non-US location, investors should also assess regulatory and geopolitical risks associated with investing in a Shanghai-based company.

Financial Highlights

debt To Equity

N/A

revenue

$189,495,068

operating Margin

N/A

total Assets

$189,120,068

total Debt

N/A

net Income

N/A

eps

N/A

gross Margin

N/A

cash Position

N/A

revenue Growth

N/A

Key Numbers

• 2024-12-31 — Fiscal Year End (Period covered by the 10-K/A filing)
• 2025-05-22 — Filing Date (Date the 10-K/A was filed with the SEC)
• 000-56129 — Commission File Number (Unique identifier for SEC filings)
• 0001284454 — Central Index Key (CIK) (Unique identifier for the company with the SEC)
• 2021-11-10 — Date of Name Change (From Yong Bai Chao New Retail Corp to Nongfu Shop Digital New Retail Co., Ltd)
• 2006-03-21 — Date of Name Change (From ENVIRONMENTAL CONTROL CORP. to Yong Bai Chao New Retail Corp)
• 2004-03-22 — Date of Name Change (From BOSS MINERALS INC to ENVIRONMENTAL CONTROL CORP.)

Key Players & Entities

• Nongfu Shop Digital New Retail Co., Ltd (company) — Filer of the 10-K/A
• Fei Wang (person) — CEO as of December 31, 2024
• Yong Bai Chao New Retail Corp (company) — Former company name until November 10, 2021
• ENVIRONMENTAL CONTROL CORP. (company) — Former company name until March 21, 2006
• BOSS MINERALS INC (company) — Former company name until March 22, 2004
• Shanghai (location) — Company's business and mail address location
• SEC (regulator) — Recipient of the 10-K/A filing
• 18621601569 (phone_number) — Company's business phone number
• December 31, 2024 (date) — Fiscal year end for the 10-K/A

FAQ

Industry Context

Nongfu Shop Digital New Retail Co., Ltd is classified under the Motor Vehicle Parts & Accessories industry (SIC 3714). This sector is characterized by complex supply chains, technological advancements, and evolving consumer demands. Companies in this space often face competition from both established global players and emerging regional manufacturers, requiring continuous innovation and efficient operations.

Regulatory Implications

As a company operating internationally with a US SEC filing, Nongfu Shop Digital New Retail Co., Ltd must adhere to US Generally Accepted Accounting Principles (GAAP) and SEC disclosure requirements. Amendments like this 10-K/A highlight the importance of accurate and timely reporting to maintain compliance and investor confidence.

What Investors Should Do

1. Review previous 10-K filings for context on the amendments.
2. Investigate the company's operational performance and financial health independently.
3. Monitor future filings for updated financial data and operational disclosures.

Key Dates

• 2024-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K/A filing.
• 2025-05-22: Filing Date — The date the amended 10-K was submitted to the SEC.
• 2021-11-10: Name Change — Company changed its name from Yong Bai Chao New Retail Corp to Nongfu Shop Digital New Retail Co., Ltd.
• 2006-03-21: Name Change — Company changed its name from ENVIRONMENTAL CONTROL CORP. to Yong Bai Chao New Retail Corp.
• 2004-03-22: Name Change — Company changed its name from BOSS MINERALS INC to ENVIRONMENTAL CONTROL CORP.

Glossary

10-K/A

An amended annual report filed with the SEC to correct or supplement information previously submitted in a Form 10-K. (This filing is an amendment to the company's annual report, indicating corrections or updates to prior disclosures.)

Fiscal Year End

The last day of a company's accounting year. (Indicates the period covered by the financial statements, which is December 31, 2024, for this filing.)

Central Index Key (CIK)

A unique identifier assigned to each entity that files with the SEC. (0001284454 is the CIK for Nongfu Shop Digital New Retail Co., Ltd, used for tracking its filings.)

Standard Industrial Classification (SIC)

A classification system used to categorize businesses based on their primary activity. (The company is classified under SIC code 3714 for Motor Vehicle Parts & Accessories, suggesting its operational focus.)

Year-Over-Year Comparison

This 10-K/A filing is an amendment and does not present updated financial figures for revenue or net income compared to the prior year's report. The primary purpose appears to be administrative, focusing on correcting or clarifying existing information rather than reporting new operational results or changes in financial performance. Therefore, a direct comparison of key metrics like revenue growth or margin changes is not possible based on this amendment alone.

Filing Details

This Form 10-K/A (Form 10-K/A) was filed with the SEC on May 22, 2025 by Fei Wang regarding Nongfu Shop Digital New Retail Co., Ltd (NFSN).

View full filing on EDGAR

View Full Filing

View this 10-K/A filing on SEC EDGAR