ORISFOTCAgricultural Production-CropsUS GAAP · USD

Oriental Rise Holdings Limited

Oriental Rise Holdings Ltd is an integrated tea company based in mainland China, with operations spanning tea cultivation, processing, and sales. It produces primarily-processed and refined white tea and black tea from its tea gardens in Zherong County, Ningde City, Fujian Province.

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Revenue12.2m USD
−18.6 %y/y
Operating profit (EBIT)-0.9m USD
−143.4 %y/y
EBIT margin-7.4%
−21.2 ppy/y
Net income0.7m USD
−67.4 %y/y
Free cash flow-3.0m USD
−200.1 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-100102030m USD2022: 24 m USD2022: EBIT 12 m USD20222023: 24 m USD2023: EBIT 11 m USD20232024: 15 m USD2024: EBIT 2.1 m USD20242025: 12 m USD2025: EBIT -0.90 m USD202512-0.90
RevenueOperating profit (EBIT)
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Business

Share of revenue
Tea cultivation20 %

Growing tea leaves in the company-owned or operated tea gardens in Fujian.

Primarily-processed tea35 %

Initial processing of harvested leaves into white tea and black tea products.

Refined tea35 %

Further refining and packaging of white tea and black tea for sale.

Tea trading and sales10 %

Sale of tea products to wholesale distributors and retail customers.

Products

Reported · share of revenue
27.9%19.6%18.7%14.9%12.7%FY2025100 %
  • First Grade27.9 %
  • Second Grade19.6 %
  • Third Grade18.7 %
  • Premium Grade14.9 %
  • First Grade One6.2 %
  • Other12.7 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

The company sells tea products to tea business operators, including wholesale distributors, as well as end-user retail customers in mainland China. Its customer base spans commercial buyers that resell tea and consumers purchasing finished tea products for personal use.

Wholesale distributors

Buy primarily-processed and refined tea in bulk for resale through their own channels.

Tea business operators

Purchase tea products for blending, packaging, trading, or downstream distribution.

End-user retail customers

Buy finished tea products for personal consumption and brand preference.

Strategy

The company’s business model depends on vertical integration, linking tea cultivation with processing and distribution. Its strategic position comes from controlling product quality and supply from the tea garden through finished tea sales to both wholesale and retail channels.

Vertical integrationMedium term

Combining cultivation, processing, and sales helps control product quality and supply continuity.

Channel diversificationMedium term

Serving both wholesale distributors and retail customers broadens market access and reduces reliance on one buyer type.

Product focusShort term

Concentrating on white tea and black tea supports operational simplicity and product specialization.

Geography

Oriental Rise’s operations are concentrated in mainland China, where it cultivates tea in Zherong County, Ningde City, Fujian Province. Its sales are also focused on mainland China, so the business is tied to domestic demand, agricultural conditions, and regional logistics within China.

Risks

The business is exposed to agricultural yield risk, weather variability, and crop disease because its supply starts with tea cultivation in one geographic area. It also faces demand and pricing pressure from competing tea producers, customer concentration in China, and regulatory or trade restrictions affecting a foreign-listed Chinese issuer.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Agricultural and weather risk1Nasdaq listing compliance2Single-region operational concentration3Customer and demand cyclicality4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Agricultural and weather riskImpact: HighLikelihood: High

    Tea cultivation depends on climate, rainfall, soil quality, and crop health.

    Exposure: Tea gardens in Fujian

  2. Nasdaq listing complianceImpact: HighLikelihood: Medium

    Foreign issuers must satisfy continued listing standards to remain listed.

    Exposure: Capital markets access

  3. Single-region operational concentrationImpact: MediumLikelihood: High

    Core cultivation and operations are concentrated in one county and province.

    ExposureZherong CountyFujian
  4. Customer and demand cyclicalityImpact: MediumLikelihood: Medium

    Sales rely on wholesale distributors and retail tea demand in mainland China.

    Exposure: Mainland China

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Accounting

Judgemental items
Inventory valuation

Tea leaves and processed tea require cost tracking through cultivation, processing, and finished goods stages.

Impact: Can affect cost of sales and reported gross margin

Revenue recognition

Product sales to distributors and retail customers depend on when control transfers.

Impact: Can shift revenue between reporting periods

Biological and agricultural cost allocation

Cultivation costs must be tracked and assigned to harvested output.

Impact: Affects inventory cost basis and period expense recognition

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Last updated: 28/09/2026

Oriental Rise Holdings Limited (OTC) – Agricultural Production-Crops | Financial Analysis – Clarifo