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Our precise effective revenue tax rate for 2021 was a tax expense of 21.73% on a reported income earlier than taxes of approximately $29.2 million, compared to a tax advantage of 32.69% on a reported loss earlier than taxes of approximately $15.four million for 2020. For the 12 months ended December 31, 2021, our share of lack of the Affiliate Company was $2,592,334 as compared to share of loss of $17,252,662 for the same period of last year. Gain from fairness sale was $17,788,351 for the yr ended December 31, 2021, which was due to the Affiliate Equity Transfe
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These brief assaults have, prior to now, led to selling of shares in the market, every so often in massive scale and broad base. Excelvantage Group Limited controls approximately sixteen.72% of our outstanding shares of common stock as of December 31, 202 Short promoting is the practice of selling securities that the vendor does not own but quite has, supposedly, borrowed from a 3rd party with the intention of shopping for equivalent securities back at a later date to return to the lender. The short seller hopes to profit from a decline within the worth of the securities between the sale of the borrowed securities and the acquisition of the alternative shares, because the brief vendor expects to pay less in that buy than it received within the sale. Accordingly, the Company's operating results are affected by adjustments within the exchange rate between the us dollar and the RMB.
