---
title: "Maitong Sunshine Cultural Development Co., Ltd SEC 10-Q Report"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276436578.md"
description: "Maitong Sunshine Cultural Development Co., Ltd has released its Form 10-Q report for Q4 2025, revealing significant financial challenges. Revenue plummeted 98% to $24,905, with a net loss of $(120,601). The decline is attributed to an economic slowdown in China and a strategic shift in focus. The company plans to diversify offerings and enhance service quality while prioritizing existing member relationships. All revenue was generated from its subsidiary Tongzhilian, indicating a shift in revenue sources. The report highlights the impact of macroeconomic conditions on consumer spending and future operational strategies."
datetime: "2026-02-20T11:21:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276436578.md)
  - [en](https://longbridge.com/en/news/276436578.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276436578.md)
---

# Maitong Sunshine Cultural Development Co., Ltd SEC 10-Q Report

Maitong Sunshine Cultural Development Co., Ltd, a company primarily engaged in the sale of cultural and creative products, has released its Form 10-Q report for the fourth quarter of 2025. The report highlights significant financial and operational challenges faced by the company, largely due to an economic slowdown in China and a strategic shift in business focus.

**Financial Highlights**

-   **Revenue**: $24,905, a significant decrease of 98% compared to $1,022,155 in the same period last year, primarily due to reduced consumer spending and strategic focus on existing members.
-   **Gross Profit**: $12,099, reflecting a gross profit margin of 49% for the period, down from $379,808 in the previous year.
-   **Income from operations**: $(120,745), a decline from $273,893 in the prior year, driven by increased operating expenses and reduced revenue.
-   **Net income / (loss)**: $(120,601), compared to a net income of $166,993 in the previous year, impacted by lower sales and higher operating costs.
-   **Basic and diluted earnings per share**: $(0.0020), a decrease from $0.0028 in the same period last year, reflecting the overall decline in net income.

**Business Highlights**

-   **Revenue Segments**: During the three months ended December 31, 2025, all revenue was generated by the subsidiary Tongzhilian, which engaged solely in product sales. This marks a shift from the previous year, where 80% of revenue was also from product sales, indicating a continued focus on this segment.
-   **Geographical Performance**: The company's operations are primarily based in China, with all revenues generated from customers in the People's Republic of China. The economic slowdown in China has significantly impacted consumer spending, particularly in the mid-to-high-end customized travel segment.
-   **Future Outlook**: The company plans to diversify its product offerings by introducing more affordable travel packages and expanding collaborations within the travel ecosystem. Additionally, there is an emphasis on enhancing employee training to improve service quality and customer satisfaction.
-   **Operational Strategy**: The company is prioritizing service quality and relationship-building with existing members over aggressive new customer acquisition, aiming to foster long-term loyalty and sustainable recurring revenue.
-   **Market Challenges**: The company faced significant challenges due to weakening macroeconomic conditions in China and heightened consumer pessimism, which led to a 98% reduction in revenue compared to the previous year.

SEC Filing: Maitong Sunshine Cultural Development Co., Ltd \[ MGSD \] - 10-Q - Feb. 20, 2026

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