共享经济国际 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ COMMISSION FILE NUMBER: 001-34591 SHARING ECONOMY INTERNATIONAL INC.(Exact name of Registrant as specified in its charter) No. 85 Castle Peak RoadCastle Peak BayTuen Mun, N.T.,Hong Kong(Address of principal executive offices) (852) 35832186(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit and post such files).Yes☒No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Securities registered pursuant to Section 12(b) of the Act: Name of each exchangeon which registered Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date:1,221,737,689 shares of common stock are outstanding as of March 31, 2026. SHARING ECONOMY INTERNATIONAL INC. AND SUBSIDIARIESFORM 10-QMarch 31, 2025 TABLE OF CONTENTS PART I. - FINANCIAL INFORMATION Item 1.Financial Statements1Condensed Consolidated Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024 (Audited)1Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months Ended March 31, 2025and 2024 (Unaudited)2Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31, 2025 and2024 (Unaudited)3Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 (Unaudited)4Notes to Condensed Consolidated Financial Statements (Unaudited)5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item 3.Quantitative and Qualitative Disclosures About Market Risk21Item 4.Controls and Procedures21PART II - OTHER INFORMATION FORWARD LOOKING STATEMENTS This report contains forward-looking statements regarding our business, financial condition, results of operations andprospects. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions orvariations of such words are intended to identify forward-looking statements, but are not deemed to represent an all-inclusive means ofidentifying forward-looking statements as denoted in this report. Additionally, statements concerning future matters are forward-looking statements. Although forward-looking statements in this report reflect the good faith judgment of our management, such statements canonly be based on facts and factors currently known by us. Consequently, forward-looking statements are inherently subject to risks anduncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in or anticipated by theforward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, withoutlimitation, those specifically addressed under the headings “Risks Factors” and “Management’s Discussion and Analysis of FinancialCondition and Results of Operations” in our annual report on Form 10-K, in “Management’s Discussion and Analysis of FinancialCondition and Results of Operations” in this Form 10-Q and information contained in other reports that we file with the SEC. You areurged not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. We