{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-024617","form_type":"8-K","ticker":"EUBG","cik":"0001171326","company_name":"ENTREPRENEUR UNIVERSE BRIGHT GROUP","filed_at":"2023-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.031362+00:00","generated_at":"2026-06-17T08:56:16.340601+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"EUBG reports FY2022 revenue down 37.8% to $3.5M; net income falls to $404K","bullets":["Revenue of $3.51M, down 37.8% YoY from $5.64M, driven by drop in consultancy services and suspension of Jade Bird digital training.","Net income of $404,618, down 62.8% from $1.09M in FY2021; income tax expense decreased 29.1% to $701,435.","Gross profit fell 25.4% to $2.84M; cost of revenue decreased 63.7% to $663,486, partly due to lower direct costs.","Selling expenses dropped 84.2% to $40,165; general and administrative expenses rose slightly 0.9% to $1.68M.","Cash and cash equivalents of $7.19M as of Dec 31, 2022, down from $7.65M a year earlier."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-024617","json":"https://secwatch.observer/filing/0001213900-23-024617.json","markdown":"https://secwatch.observer/filing/0001213900-23-024617.md","text":"https://secwatch.observer/filing/0001213900-23-024617.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1171326/000121390023024617/0001213900-23-024617-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1171326/000121390023024617/ea176111-8k_entrepreneur.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T08:56:16.340601+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a1b9cade90b461f3753ad90fb53c00bfb429cb69","claim":"ENTREPRENEUR UNIVERSE BRIGHT GROUP reported the fiscal year ended December 31, 2022 results: revenue $3,507,590, net income $404,618.","evidence_excerpt":"2022 Financial Results: 2022 2021 Revenue $ 3,507,590 $ 5,637,396 Cost of revenue (663,486 ) (1,827,082 ) Gross profit 2,844,104 3,810,314 Selling expenses (40,165 ) (253,958 ) General and administrative expenses (1,683,575 ) (1,668,432 ) Total other (expenses) income, net (14,311 ) 187,392 Income before income tax 1,106,053 2,075,316 Income tax expense (701,435 ) (988,916 ) Net income $ 404,618 $ 1,086,400","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1171326/000121390023024617/0001213900-23-024617-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$3,507,590"},{"label":"Net income","value":"$404,618"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}