Private company

Takung Art Co., Ltd

Takung Art Co., Ltd is an American retail-retail stores company based in Central Hong Kong.2

Last updated Oct 20, 2026.

Overview

  • IndustryRetail-Retail Stores, NEC2
  • HeadquartersCentral Hong Kong, Hong Kong2
  • Incorporated inDE3
  • Business addressOffice Q 11Th Floor, Kings Wing Plaza 2, No. 1 Kwan St, Sha Tin, New Territories, Hong Kong, K3 9990773
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI529900577QR5Y8NNXR912
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o BUSINESS FILINGS INCORPORATED, 108 WEST 13TH ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 46776182

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

77.0%Gross margin4
-287.3%Operating margin4
-304.2%Net margin4
2736.3%Revenue growth, 20224
-19.8%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs100¢$3.4M

Out of $3.4M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Kept or used elsewhere100¢$4.1M

Out of $4.1M of cash from operations.4

Financial statements

Revenue56784$3.4M in 2022−82% since 2016
0$5.0M$10.0M$15.0M$20.0M2016: $19.1M$19.1M20162017: $12.9M$12.9M2017−32%2018: $8.5M$8.5M2018−34%2019: $3.2M$3.2M2019−63%2020: $4.6M$4.6M2020+44%2021: $120.0K$120.0K2021−97%2022: $3.4M$3.4M2022+2736%
Gross profit56784$2.6M in 2022−85% since 2016
0$5.0M$10.0M$15.0M$20.0M2016: $18.0M$18.0M20162017: $11.7M$11.7M2017−35%2018: $5.9M$5.9M2018−49%2019: $1.3M$1.3M2019−78%2020: $2.3M$2.3M2020+74%2021: $120.0K$120.0K2021−95%2022: $2.6M$2.6M2022+2084%
Operating income567894-$9.8M in 2022
-$20.0M-$10.0M0$10.0M2016: $8.4M$8.4M20162017: -$1.8M-$1.8M20172018: -$6.7M-$6.7M2018+264%2019: -$3.7M-$3.7M2019−45%2020: -$787.7K-$787.7K2020−78%2021: -$13.4M-$13.4M2021+1607%2022: -$9.8M-$9.8M2022−27%
Net income567894-$10.4M in 2022
-$40.0M-$30.0M-$20.0M-$10.0M0$10.0M2016: $6.4M$6.4M20162017: -$1.1M-$1.1M20172018: -$7.6M-$7.6M2018+619%2019: -$4.1M-$4.1M2019−46%2020: -$612.6K-$612.6K2020−85%2021: -$30.1M-$30.1M2021+4809%2022: -$10.4M-$10.4M2022−66%
Fiscal year2016201720182019202020212022
Revenue$19.1M5$12.9M6$8.5M7$3.2M8$4.6M8$120.0K4$3.4M4
Cost of revenue$1.1M5$1.2M6$2.6M7$1.9M8$2.3M8
Gross profit$18.0M5$11.7M6$5.9M7$1.3M8$2.3M8$120.0K4$2.6M4
Operating expenses$13.6M9
Operating income$8.4M5-$1.8M6-$6.7M7-$3.7M8-$787.7K9-$13.4M4-$9.8M4
Interest$05$283.6K6$289.8K7$57.5K8$163.4K8
Income before tax-$13.4M4-$9.8M4
Income tax$1.8M5$342.9K6-$479.9K7$73.3K8$12.6K8
Net income$6.4M5-$1.1M6-$7.6M7-$4.1M8-$612.6K9-$30.1M4-$10.4M4
Earnings per share$0.605-$0.106-$0.687-$0.368-$0.079-$1.094-$0.404
Earnings per share (diluted)$0.565-$0.106-$0.687-$0.368$0.019-$1.094-$0.404
Shares (weighted, basic)12.4M shares424.8M shares4
Shares (weighted, diluted)12.4M shares424.8M shares4

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What it owns

What Takung Art Co., Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$63.4K4 Dec 31, 2022$63.4K4 Dec 31, 20210%
Computer equipment and software$2.4M4 Dec 31, 2022$2.4M4 Dec 31, 20210%
Leasehold improvements$23.1K4 Dec 31, 2022$23.1K4 Dec 31, 20210%
Property and equipment, before depreciation$20.8K4 Dec 31, 2022$87.4K4 Dec 31, 2021−76.3%
Accumulated depreciation$2.4M9 Dec 31, 2021$3.4M9 Dec 31, 2020−28.2%
Property and equipment, net$5.5K4 Dec 31, 2022$6.9K4 Dec 31, 2021−20.4%
Operating-lease assets (leased space)$183.6K9 Dec 31, 2021$1.3M9 Dec 31, 2020−85.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$64.8M4 Dec 31, 2022$1.5M4 Dec 31, 2021+4210.6%
Long-term investments$9.3M4 Dec 31, 2021

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$1404 Dec 31, 2021$1409 Dec 31, 20200%
Finite-lived intangibles, gross$22.2K4 Dec 31, 2022$22.4K4 Dec 31, 2021−0.7%
Finite-lived intangibles, net$1404 Dec 31, 2021$1409 Dec 31, 20200%

Leadership

Who has led Takung Art Co., Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Di Xiao2015–2016
  2. Fang Mu2019
  3. Yang Zhihua2020
  4. Kwok Leung Paul Li2021

Chief financial officer

  1. Di Xiao2015
  2. Chun Hin Leslie Chow2016–2017
  3. Jehn Ming Lim2019–2020
  4. Tracy Chui-Kam Ng2021
20202025
Board members and other officers (7)

Former names

  • Takung Art Co., Ltd.Nov 6, 2014 to Jul 13, 20213
  • Cardigant Medical Inc.Aug 16, 2011 to Oct 22, 20143

Timeline

  1. Sep 8, 20238-K Entered a material agreement; Change to shareholders' rights25
  2. Jul 10, 20238-K Executive or director change26
  3. May 25, 20238-K Listing notice or transfer; Shareholder vote27
  4. Apr 18, 20238-K Executive or director change28
  5. Jan 25, 20238-K Listing notice or transfer; Other events29
  6. Dec 9, 20228-K Entered a material agreement30
  7. Nov 7, 20228-K Entered a material agreement31
  8. Sep 13, 20228-K Unregistered sale of shares32
  9. Aug 30, 20228-K Entered a material agreement; Executive or director change33
  10. Aug 4, 20228-K Executive or director change34
  11. Jul 29, 20228-K Entered a material agreement35
  12. Jun 28, 20228-K Entered a material agreement36
  13. Jul 29, 2021New chief executive Kwok Leung Paul Li becomes CEO12
  14. Sep 24, 2020New chief executive Yang Zhihua becomes CEO13
  15. Aug 7, 2019New chief executive Fang Mu becomes CEO14
  16. Aug 26, 2015New chief executive Di Xiao becomes CEO15

Filings

52 filings to the SEC since October 2021: 3 annual reports, 6 quarterly reports, 22 major events, 21 other. The latest 20:

  1. Sep 8, 20238-K CURRENT REPORT EDGAR
  2. Aug 14, 202310-Q QUARTERLY REPORT EDGAR
  3. Jul 10, 20238-K CURRENT REPORT EDGAR
  4. May 25, 20238-K CURRENT REPORT EDGAR
  5. May 24, 202310-Q QUARTERLY REPORT EDGAR
  6. May 24, 202310-K/A AMENDMENT NO. 1 TO FORM 10-K EDGAR
  7. May 15, 2023NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  8. Apr 21, 2023DEFR14A PROXY STATEMENT EDGAR
  9. Apr 18, 20238-K CURRENT REPORT EDGAR
  10. Apr 17, 202310-K ANNUAL REPORT EDGAR
  11. Mar 31, 2023NT 10-K NOTIFICATION OF LATE FILING EDGAR
  12. Feb 7, 2023DEFR14A AMENDMENT NO.1 TO PROXY STATEMENT EDGAR
  13. Jan 25, 2023DEFA14A CURRENT REPORT EDGAR
  14. Jan 25, 20238-K CURRENT REPORT EDGAR
  15. Dec 23, 2022DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  16. Dec 19, 2022DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  17. Dec 9, 2022DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  18. Dec 9, 2022DEFA14A AMENDMENT NO. 1 TO FORM 8-K EDGAR
  19. Dec 9, 20228-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
  20. Dec 2, 2022DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR

The 52 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Takung Art Co., Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTakung Art Co., Ltd1
  • CIK0001491487
  • Employer ID (EIN)26-47317581
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5990 Retail-Retail Stores, NEC1
  • Business addressOffice Q 11Th Floor, Kings Wing Plaza 2, No. 1 Kwan St, Sha Tin, New Territories, Hong Kong, K3 9990771
  • Phone86130201449621
  • Shares outstanding34,991,886 as of Aug 14, 202311
  • Public float$40.9M as of Jun 30, 20224
  • On EDGAR sinceAug 16, 20111
  • Filings300 in all: 8-K (122), 10-Q (35), 3 (20), 4 (13), 10-K (12), NT 10-Q (10), UPLOAD (9), DEFA14A (8)1
    All 36 form types

    8-K/A (7), S-1/A (7), DEF 14A (6), NT 10-K (6), CORRESP (5), S-3/A (4), 10-K/A (3), SC 13G/A (3), 10-Q/A (2), 424B3 (2), D (2), DEFR14A (2), EFFECT (2), PRE 14C (2), S-1 (2), S-8 (2), SC 13D (2), SC 13G (2), 25-NSE (1), 3/A (1), 8-A12B (1), 8-A12G (1), DEF 14C (1), DEFM14A (1), PRE 14A (1), PREM14A (1), S-3 (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Apr 17, 2023
    Quarterly report (10-Q) Aug 14, 2023
    Proxy statement (DEF 14A) Dec 9, 2021
    Latest 8-K (8-K) Sep 8, 2023

Sources

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