ATIF Holdings: what the customer book reveals about revenue, risk and runway

ATIF Holdings operates as a boutique holding and advisory group that generates revenue by signing fixed-fee consulting and IPO advisory agreements and by taking minority investments in its advisory clients. The firm monetizes through one-off and recurring consulting contracts—often disclosed as multi-hundred-thousand to multi-million dollar engagements—and through realized value from equity stakes in advised companies. For investors, the signal set is clear: revenue is contract-driven and event-dependent, not recurring subscription income, and upside depends on successful client listings and exits. Learn more about how we source and contextualize these relationships at https://nullexposure.com/.

How to read ATIF’s customer roster as an investor

ATIF’s customer list reads like a mix of small-cap issuers, logistics and energy operators, and large real-estate brands engaged via ATIF’s LGC and advisory arms. That composition drives a few company-level signals investors should weigh: contracts are short- to medium-term and transactional, revenue concentration is meaningful given repeated press-release-sized agreements, customer criticality to ATIF is moderate (advisory revenue can be replaced but not easily scaled without new mandates), and maturity is mixed—some counterparties are established (large Chinese developers) while many are pre-IPO or small operating companies whose outcomes determine material upside. For deeper company-level diligence, visit https://nullexposure.com/.

Relationship-by-relationship breakdown

Below I catalogue every reported customer relationship and the primary disclosure that links ATIF to each counterparty. Each entry is a concise, investor-oriented summary with the original source.

Shenzhen Agrecoe Biotechnology Co., Ltd.

ATIF agreed to a fixed consulting fee of US$1 million for services to Agrecoe, payable in installments and subject to conditions; this is a clear example of ATIF’s fixed-fee consulting revenue model (GlobeNewswire, FY2020): https://www.globenewswire.com/news-release/2020/06/08/2044905/0/en/ATIF-Holdings-Limited-Announces-a-One-Million-Dollar-Consulting-Service-Agreement-with-Shenzhen-Agrecoe-Biotechnology-Co-Ltd.html

New Century Logistics (NASDAQ: NCEW)

New Century Logistics, a Hong Kong freight forwarder consulted by ATIF, completed an IPO on Nasdaq—an outcome that demonstrates ATIF’s advisory-to-exit playbook and event-driven revenue flow (StockTitan, FY2024): https://www.stocktitan.net/news/ZBAI/

New Century Logistics (BVI) Limited

ATIF’s consultation role is again documented with New Century Logistics (BVI) Limited, which ATIF advised ahead of a Nasdaq listing; this reinforces the firm’s focus on IPO advisory for logistics clients (StockTitan overview, FY2025): https://www.stocktitan.net/overview/ZBAI/

Lendmerit Inc

ATIF announced an additional US$1 million consulting service agreement with Lendmerit, showing the firm’s practice of multiple discrete deals with single clients and the short-term revenue recognition pattern that creates lumpy top-line results (SimplyWall, FY2024): https://simplywall.st/stocks/us/commercial-services/nasdaq-zbai/atif-holdings

McSen Realty Corp.

ATIF signed consulting agreements with McSen Realty as part of a US$2 million package disclosed in October 2020, illustrating ATIF’s exposure to real-estate advisory mandates (SimplyWall, FY2024): https://simplywall.st/stocks/us/commercial-services/nasdaq-zbai/atif-holdings

Solarever Ltd. (Hubbis)

ATIF holds an advisory and investment relationship with Solarever, a Mexican solar and EV company, and reports show a surge in Solarever’s sales where ATIF is both advisor and investor—indicating upside alignment between advisory fees and equity stakes (Hubbis, FY2022): https://www.hubbis.com/news/atif-s-investment-in-renewable-energy-company-grows-at-speed-as-demand-expands

Huaya

ATIF recorded a reversal of a provision against accounts receivable due from Huaya ($19,103) for the year ended July 31, 2024, signaling receivables exposure and adjustments in related-party credit (MarketScreener, FY2025): https://www.marketscreener.com/news/atif-annual-report-for-fiscal-year-ending-july-31-2025-form-20-f-ce7d51d3db8cf123

Promise Logistics Corp.

Promise Logistics appears as a counterparty in ATIF’s announced consulting deals (part of the US$2 million package), underscoring ATIF’s recurring engagement in logistics advisory services (SimplyWall, FY2024): https://simplywall.st/stocks/us/commercial-services/nasdaq-zbai/atif-holdings

New Century Logistics (alternate StockTitan report)

A separate StockTitan notice reiterates New Century’s Nasdaq listing after consultation with ATIF, reinforcing the outcome-driven narrative for ATIF engagements (StockTitan, FY2024): https://www.stocktitan.net/news/ATIF/new-century-consulted-by-atif-successfully-listed-on-ira79b74ogc9.html

Solarever Ltd. (PR Newswire / Finviz)

ATIF signed a definitive agreement with Solarever Ltd., confirming a formal advisory and/or investment arrangement and illustrating the company’s cross-border advisory footprint (PR Newswire via Finviz, FY2024): https://finviz.com/quote.ashx?t=ZBAI

Solarever Ltd. (Energetica India)

An additional report highlights the same Solarever relationship and growth in sales, providing corroborative press coverage of ATIF’s advisory-exit pipeline in renewable energy (Energetica-India, FY2022): https://www.energetica-india.net/news/atifs-investment-in-solarever-surges-as-demand-expands

Addentax Group Corp.

ATIF publicly congratulated Addentax on its Nasdaq uplist and reported the client raised US$25 million, illustrating ATIF’s role in executions that create headline fundraising metrics (PR Newswire via Finviz, FY2024): https://finviz.com/quote.ashx?t=ZBAI

Armstrong Logistic Inc.

ATIF signed a definitive agreement with Armstrong Logistic to provide consulting services in support of a future public offering, another logistics-advisory engagement pointing to IPO advisory as a core product (Finviz/PR Newswire, FY2024): https://finviz.com/quote.ashx?t=ZBAI

Genehope

ATIF entered a service agreement to provide consulting services to Genehope, demonstrating the breadth of its advisory client base across sectors (Finviz/PR Newswire, FY2024): https://finviz.com/quote.ashx?t=ZBAI

Lendmerit Inc. (PR Newswire mention)

A PR Newswire note reports ATIF recording aggregate revenue of US$3 million in a week tied to additional Lendmerit agreements—illustrating episodic but material contract wins (Finviz/PR Newswire, FY2024): https://finviz.com/quote.ashx?t=ZBAI

Massimo Motor Sports, LLC

ATIF signed a definitive agreement to advise Massimo Motor Sports toward a public listing, evidencing the firm’s play in automotive and recreational vehicle sector listings (Finviz/PR Newswire, FY2024): https://finviz.com/quote.ashx?t=ZBAI

McSen Realty Corp. (PR Newswire)

A PR Newswire disclosure confirms the McSen Realty consulting agreement and highlights the company’s tactic of bundling small-to-mid-size mandates into multi-million-dollar announcement packages (Finviz/PR Newswire, FY2024): https://finviz.com/quote.ashx?t=ZBAI

Promise Logistics Corp. (PR Newswire)

The PR Newswire release also documents Promise Logistics as part of the combined US$2 million agreements, reinforcing ATIF’s logistics client concentration (Finviz/PR Newswire, FY2024): https://finviz.com/quote.ashx?t=ZBAI

Qudrant Creation Inc.

ATIF disclosed a consulting agreement with Qudrant Creation and reported aggregated October 2020 agreements totaling US$4 million, illustrating the company’s approach of issuing grouped contract announcements to highlight scale (Finviz/PR Newswire, FY2024): https://finviz.com/quote.ashx?t=ZBAI

Rawrr, Inc.

ATIF signed a US$2.4 million advisory agreement with Rawrr, an example of larger single-client advisory commitments that create headline revenue (Finviz/PR Newswire, FY2024): https://finviz.com/quote.ashx?t=ZBAI

New Century (PR Newswire / Finviz)

ATIF and New Century formally signed an IPO consulting agreement, again confirming ATIF’s repeat playbook of advisory-to-listing engagements (Finviz/PR Newswire, FY2024): https://finviz.com/quote.ashx?t=ZBAI

New Century (NWNNF) — multiple StockTitan notices

Several StockTitan entries reiterate New Century’s listing and ATIF’s consulting role across FY2024–FY2025, adding multiple corroborative press mentions to the same client outcome (StockTitan, FY2025): https://www.stocktitan.net/news/ZBAI/atif-holdings-limited-announces-1-for-18-reverse-share-oyfoitcej6ah.html https://www.stocktitan.net/news/ZBAI/atif-holdings-limited-announces-strategic-diversification-to-bitcoin-o7aw6fxms7q7.html https://www.stocktitan.net/news/ZBAI/atif-holdings-limited-enters-into-non-binding-letter-of-intent-to-hbfspwme88j4.html

ARMLOGI (BTOC)

An ARMLOGI mention (BTOC referenced) credits ATIF with consultation that preceded a Nasdaq listing in a PR Newswire-style disclosure, signaling repeated listing advisory claims across multiple logistics-related entities (Finviz/PR Newswire, FY2024): https://finviz.com/quote.ashx?t=ZBAI

Final assessment and investor action

ATIF’s revenue model is transactional, lumpy and outcome-driven; the customer list confirms a strategy focused on IPO advisory and contract consulting across logistics, energy, automotive and property sectors. Key investor risks are contract concentration and the event-dependency of upside; key opportunities are repeatable advisory fees plus equity upside when clients list or raise capital.

If you are evaluating advisory playbooks and customer risk profiles, start with ATIF’s disclosed contract pipeline and receivables (see the Huaya reversal) and compare realized exits versus announced engagements. For source aggregation and deal-level context, visit https://nullexposure.com/ for our underwriting and monitoring tools.

Ready to dig deeper into ATIF’s counterparties, filings and event history? Explore the full coverage and sign up for analyst access at https://nullexposure.com/.

ATIF customer relationships