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Home CompaniesParanovus Entertainment Technology Ltd.

Paranovus Entertainment Technology Ltd.

Consumer Defensive Packaged Foods
PortfolioPortfolio WatchlistWatchlist
Company price
2.61 USD -0.41 ( 13.58%)
Last update at 2026-11-10T13:38:00Z
VOLUME
1000
Market Cap
8.36M

Momentum Score

…

Paranovus Entertainment Technology Ltd. engages in the research, development, manufacture, and sale of nutraceutical and dietary supplement products in the People's Republic of China and internationally. The company's product category includes lucidum spore powders, cordyceps mycelia, Ejiao products, American ginseng products, other traditional Chinese herbal and animal extracts, vitamins, minerals, and amino acids. It also offers product marketing and e-commerce agency operation services under the Happy Buy platform to small and middle size businesses; and e-commerce solutions, internet information, and advertising services to the online stores or manufactures. In addition, the company provides secure transaction environment, automobile procurement, and financial services for automobile manufacturers under the Taochejun automobile sales platform. It sells its products through distributors, large-scale chain drugstores, malls, and supermarkets under the Happiness brand. The company was formerly known as Happiness Development Group Limited and changed its name to Paranovus Entertainment Technology Ltd. in March 2023. The company was founded in 2004 and is headquartered in Nanping, the People's Republic of China.

Source: TradingView
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Day Price Range
2.61
Low
2.61
High
52 Week Price Range
0.72
Low
4.84
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public disclosures for Paranovus Entertainment Technology Ltd are limited; it is described as an entertainment-technology company. Long-term growth may be supported by rising consumer adoption of digital entertainment and virtual experiences, making it an early-stage exposure for investors seeking upside.
Key risks are sparse disclosure, low liquidity, limited operating history with execution and financing risk, and sensitivity to shifting technology and regulation.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
3.02
Dividend Yield
-
Revenue TTM
87.57M
Revenue Per Share
11.94
Gross Profit TTM
0.00M
Debt / Equity
0.15
ROE
-193.82%
Net Debt
-1.11M
ROCE
-395.04%
Diluted EPS TTM
-9.57

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Income before tax -68.73M -57.75M 1.65M 15.53M 21.91M
Minority interest 0.45M 4.83M - - -
Net income -71.74M -49.19M 0.69M 12.69M 18.72M
Selling general administrative 9.48M 9.13M 5.03M 3.48M 1.95M
Selling and marketing expenses 54.70M 40.48M 9.96M 9.18M 6.29M
Gross profit 5.05M 3.71M 18.18M 30.42M 32.25M
Reconciled depreciation 3.38M 2.19M 0.88M 0.69M 0.70M
Ebit -60.79M -47.35M 1.76M 15.63M 21.99M
Ebitda -57.41M -45.16M 2.64M 16.32M 22.69M
Depreciation and amortization 3.38M 2.19M 0.88M 0.69M 0.70M
Operating income -68.39M -57.89M 1.53M 15.40M 21.84M
Other operating expenses 158.67M 137.06M 69.96M 49.66M 42.09M
Interest expense 0.07M 0.09M 0.11M 0.10M 0.08M
Tax provision 3.46M -3.73M 0.96M 2.84M 3.18M
Interest income 0.03M 0.11M 0.13M 0.07M 0.04M
Net interest income -0.04M 0.02M 0.02M -0.02M -0.04M
Income tax expense 3.46M -3.73M 0.96M 2.84M 3.18M
Total revenue 98.15M 89.49M 71.48M 65.06M 63.94M
Total operating expenses 65.58M 51.29M 16.65M 15.02M 10.40M
Cost of revenue 93.10M 85.78M 53.31M 34.64M 31.69M
Total other income expense net -8.17M -10.19M 0.11M 0.16M 0.10M
Net income from continuing ops -72.19M -54.02M 0.69M 12.69M 18.72M
Net income applicable to common shares - -49.19M 0.79M 12.69M -
Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Total assets 36.34M 97.43M 112.74M 85.10M 65.68M
Intangible assets 9.45M 10.10M 1.83M 0.72M 0.77M
Other current assets 0.26M 0.23M 12.86M 0.70M 6.05M
Total liab 22.47M 20.01M 15.11M 5.51M 4.76M
Total stockholder equity 14.76M 78.13M 94.75M 79.59M 60.92M
Other current liab 0.38M 3.51M 4.03M 1.93M 2.06M
Common stock 0.08M 0.04M 0.02M 0.01M 0.01M
Capital stock 0.08M 0.04M 0.02M 0.01M 0.01M
Retained earnings -59.45M 12.29M 61.48M 66.62M 53.94M
Other liab - 2.08M - - -
Good will 6.46M 10.08M 0.16M - -
Other assets - 9.42M 5.14M 6.50M -
Cash 3.36M 19.73M 36.56M 33.65M 14.80M
Total current liabilities 20.95M 17.93M 15.11M 5.51M 4.76M
Current deferred revenue 5.06M - - - -
Net debt -1.11M -17.47M -34.32M -31.62M -13.76M
Short term debt 2.24M 2.27M 2.24M 2.03M 1.04M
Short long term debt 2.24M 2.27M 2.24M 2.03M 1.04M
Short long term debt total 2.24M 2.27M 2.24M 2.03M 1.04M
Other stockholder equity 66.91M 53.87M 26.55M 15.04M 5.70M
Property plant equipment - 11.25M 10.51M 7.90M -
Total current assets 9.79M 56.57M 95.10M 69.98M 54.84M
Net tangible assets - 57.94M 92.75M 78.87M -
Net receivables 3.96M 29.23M 34.56M 30.04M 32.02M
Inventory 0.34M 1.39M 1.79M 2.03M 1.97M
Accounts payable 13.46M 12.16M 8.84M 1.55M 1.66M
Accumulated other comprehensive income 7.22M 11.93M 6.71M -2.09M 1.27M
Non currrent assets other 2.18M 5.63M 5.14M 6.50M 2.26M
Non current assets total 26.55M 40.86M 17.65M 15.11M 10.84M
Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Investments 0.09M -8.48M -13.22M -1.16M -0.28M
Change to liabilities - -4.85M 6.72M -0.03M -
Total cashflows from investing activities - -8.48M -13.22M -1.16M -
Net borrowings - -0.05M 0.04M 1.06M -
Total cash from financing activities 3.15M 18.83M 10.67M 10.40M 0.27M
Change to operating activities - -3.38M -4.05M -2.47M -
Net income -72.19M -54.02M 0.69M 12.69M 18.72M
Change in cash -16.38M -16.83M 2.90M 18.85M 5.92M
Begin period cash flow 19.73M 36.56M 33.65M 14.80M 8.88M
End period cash flow 3.36M 19.73M 36.56M 33.65M 14.80M
Total cash from operating activities -21.09M -28.13M 2.90M 10.78M 6.54M
Issuance of capital stock 3.00M 18.88M 10.97M 9.34M -
Depreciation 3.38M 2.19M 0.88M 0.69M 0.70M
Other cashflows from investing activities - 1.93M 1.93M 1.93M -
Dividends paid 0.00M 0.00M 0.38M - 0.00M
Change to inventory 1.05M 0.45M 0.39M -0.28M 0.15M
Change to account receivables 24.89M 23.22M -2.11M 0.39M -1.60M
Sale purchase of stock - - 2.16M - -
Other cashflows from financing activities 2.49M 2.25M 2.20M 3.13M 2.02M
Change to netincome - 3.74M 0.68M 0.12M -
Capital expenditures 0.05M 2.41M 3.83M 1.16M 0.28M
Change in working capital 36.05M 15.13M 0.55M -2.72M -12.87M
Stock based compensation 0.00M 1.09M 0.78M - -
Other non cash items 8.44M 22.80M - 0.12M -0.00M
Free cash flow -21.14M -30.54M -0.93M 9.62M 6.26M

Peer Comparison*

Sector: Consumer Defensive Industry: Packaged Foods

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
PAVS
Paranovus Entertainment Technology Ltd.		 -0.41
13.58%		 2.61 - - 0.11 0.92 0.10 -0.16
NSRGF
Nestle SA		 -
-%		 103.52 26.86 18.76 3.13 7.10 3.81 21.70
NSRGY
Nestle SA ADR		 -0.59
0.56%		 104.96 26.82 18.66 3.18 7.07 3.81 21.70
DANOY
Danone PK		 0.01
0.07%		 15.29 24.23 17.64 1.88 2.57 1.88 11.70
GPDNF
Danone S.A		 -
-%		 75.55 20.30 14.75 1.65 2.24 1.76 10.92

Profile*

Paranovus Entertainment Technology Ltd.

Paranovus Entertainment Technology Ltd. engages in the research, development, manufacture, and sale of nutraceutical and dietary supplement products in the People's Republic of China and internationally. The company's product category includes lucidum spore powders, cordyceps mycelia, Ejiao products, American ginseng products, other traditional Chinese herbal and animal extracts, vitamins, minerals, and amino acids. It also offers product marketing and e-commerce agency operation services under the Happy Buy platform to small and middle size businesses; and e-commerce solutions, internet information, and advertising services to the online stores or manufactures. In addition, the company provides secure transaction environment, automobile procurement, and financial services for automobile manufacturers under the Taochejun automobile sales platform. It sells its products through distributors, large-scale chain drugstores, malls, and supermarkets under the Happiness brand. The company was formerly known as Happiness Development Group Limited and changed its name to Paranovus Entertainment Technology Ltd. in March 2023. The company was founded in 2004 and is headquartered in Nanping, the People's Republic of China.

No. 11, Dongjiao East Road, Nanping, China, 353200

86 05 9978 28808

https://www.pavs.ai

80

Name Title Year Born
Mr. Xuezhu Wang Chairman & CEO 1985
Ms. Ye Tao CFA CFO & Director 1978

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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