Logo

MASK

3 E Network Technology Group Ltd Class A Ordinary Shares

MASK

3 E Network Technology Group Ltd Class A Ordinary Shares • NASDAQ
$0.39 ▼ -6.07% (-0.02)
Market Cap $4.08 M
52w High $4.19
52w Low $0.35
Dividend Yield 0%
P/E 2.75
Volume 14.35K
Outstanding Shares 10.60M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2024 $3.128M ▲ $349.298K ▲ $1.069M ▲ 34.183% ▼ $0.095 ▲ $1.27M ▲
Q1-2024 $1.564M ▼ $166.885K ▼ $534.664K ▼ 34.183% ▼ $0.053 ▼ $623.449K ▼
Q4-2023 $1.59M ▲ $243.684K ▲ $863.954K ▲ 54.342% $0.077 ▲ $1.035M ▲
Q3-2023 $794.926K ▼ $101.01K ▼ $431.977K ▼ 54.342% ▲ $0.043 ▼ $498.442K ▼
Q2-2023 $2.972M $251.294K $684.393K 23.027% $0.061 $804.28K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2024 $71.59K $5.366M $1.573M $3.794M
Q1-2024 $71.59K ▲ $5.366M ▲ $1.573M ▲ $3.794M ▲
Q4-2023 $51.809K $3.861M $1.124M $2.737M
Q3-2023 $51.809K ▼ $3.861M ▲ $1.124M ▲ $2.737M ▲
Q2-2023 $114.067K $2.814M $890.241K $1.924M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2024 $1.069M ▲ $326.45K ▲ $0 $-292.61K ▼ $19.781K ▲ $0 ▼
Q1-2024 $534.664K ▼ $194.725K ▼ $0 $-177.805K ▲ $0 ▲ $194.725K ▼
Q4-2023 $863.954K ▲ $724.704K ▲ $0 $-756.178K ▼ $-62.258K ▲ $724.7K ▲
Q3-2023 $431.977K ▼ $362.353K ▼ $0 $-378.089K ▲ $-114.067K ▼ $362.353K ▲
Q2-2023 $684.393K $867.653K $0 $-795.908K $94.671K $204.5K

Five-Year Company Overview

Income Statement

Income Statement The reported income statement data is extremely limited: revenues, margins, and operating profits are effectively missing, while only earnings per share figures are shown and appear to have risen over the last few years. This suggests either incomplete disclosure or that prior operations were small or structured differently before listing. As a result, it is hard to judge the quality or stability of the underlying business, how much of earnings (if any) comes from core IT services versus other activities, or whether recent profitability is repeatable. Overall, the story is that of a company in transition, with financial performance not yet clearly documented in the usual way.

Balance Sheet

Balance Sheet The balance sheet information provided is essentially blank, so there is no clear view of the company’s asset base, cash reserves, debt levels, or tangible book value. This makes it difficult to assess financial strength, resilience in a downturn, or capacity to fund its Web 3.0 and mining ambitions without strain. The lack of visible leverage metrics is a double‑edged sword: there is no sign of excessive debt, but also no confirmation of a strong capital cushion. In short, balance sheet risk and strength are both highly uncertain from the data shown.

Cash Flow

Cash Flow Cash flow data is also largely absent, so there is no insight into how much cash the core IT services actually generate, how lumpy those inflows might be, or how much has been invested back into hardware, software, or crypto‑related assets. Without a view of operating cash flow versus investment spending, it’s unclear whether the business is self‑funding or reliant on external capital. Given the stated plans around Bitcoin holdings and mining infrastructure, the pattern of future cash flows could become more volatile and more closely tied to crypto markets than to traditional software contracts.

Competitive Edge

Competitive Edge Competitively, 3 E Network comes from a niche but credible base: tailored software and integrated hardware for property managers, restaurants, exhibitions, and clean energy clients in China. Its strengths lie in customization, end‑to‑end solutions, and local industry knowledge, which can create sticky relationships and switching costs for customers. However, the company is now attempting a sharp pivot into Web 3.0, Bitcoin holdings, and mining farm construction, which moves it into a very different competitive arena with global, well‑capitalized rivals and fast technology cycles. Regulatory uncertainty around digital assets, especially across China, Hong Kong, and the U.S., adds another layer of competitive and operational risk. The overall position is promising but unproven in its new focus areas, and success will hinge on execution and regulatory navigation.

Innovation and R&D

Innovation and R&D On the innovation side, the company has two main pillars. First, its established “smart” systems for property management, restaurants, exhibitions, and clean energy show an ability to build applied, industry‑specific software and integrate it with hardware in the field. These are incremental, practical innovations rather than headline‑grabbing breakthroughs. Second, its new push into Web 3.0 is far more experimental: using capital to acquire Bitcoin, planning global mining farms, and exploring stablecoin‑related and blockchain solutions for clients. Management emphasizes regulatory compliance and wants to blend crypto technologies into traditional IT offerings, which, if executed well, could create a differentiated position as a bridge between old and new finance. Key uncertainties are how deep its proprietary technology really is in crypto, how effectively it can scale mining and related services, and whether it can turn this vision into reliable, recurring products rather than just asset exposure.

Summary

3 E Network Technology Group is a company in the middle of a strategic overhaul, moving from a relatively traditional, China‑focused B2B IT solutions business toward a much riskier and less predictable Web 3.0 and cryptocurrency‑linked model. The story is currently driven more by vision and positioning than by transparent financial data, as standard metrics on revenue, assets, and cash flow are largely missing from the information provided. On the positive side, it has real-world experience delivering customized software and integrated hardware across several industries, plus a management team clearly willing to make bold moves into emerging technologies. On the risk side, there is limited visibility into the underlying economics of the existing business, significant execution and regulatory risk around crypto mining and digital assets, and potential earnings volatility tied to Bitcoin and related markets. Overall, this looks like an early‑stage, high‑uncertainty transition story where future value will depend heavily on how well the company can convert its Web 3.0 ambitions into stable, cash‑generating operations.

NEWS

October 20, 2025 · 4:45 PM UTC

3 E Network Technology Group Limited Announces Closing of US$1.5 Million Convertible Promissory Note Offering

Read more

October 15, 2025 · 7:30 AM UTC

3 E Network Technology Group Limited Announces Amendment to Its $7.4 Million Convertible Notes Offering

Read more

September 29, 2025 · 9:53 PM UTC

3 E Network Technology Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Read more