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Paranovus Entertainment Technology Ltd. (China)

Main Activities: Other Food Manufacturing | Medicinal and Botanical Manufacturing
Full name: Paranovus Entertainment Technology Ltd. Profile Updated: December 11, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2025 Available in: English & Chinese Download a sample report

Happiness Development Group Limited 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 sells its products through distributors, large-scale chain drugstores, malls, and supermarkets under the Happiness brand. The company was formerly known as Happiness Biotech Group Limited and changed its name to Happiness Development Group Limited in November 2021. Happiness Development Group Limited was founded in 2004 and is headquartered in Nanping, the People's Republic of China.

Headquarters
No. 11, Dongjiao East Road, Shuangxi, Shunchang
Nanping; Fujian; Postal Code: 353001

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Website: http://www.fjxfl.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
March 21, 2026
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Chief Financial Officer
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Outside Director
Ownership Details
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9.14%
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8.39%
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7.94%
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7.04%
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6.89%
Subsidiaries
Fujian Happiness Biotech Co., Ltd
Shunchang Happiness Nutraceutical Co., Ltd
Shunchang Xinxin Agricultural Technology Co., Ltd
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
18186.05%
Total Operating Revenue
18186.05%
Operating Profit
65.93%
EBITDA
N/A
Net Profit/Loss for the Period
73.19%
Total Assets
13.09%
Total Equity
-3.85%
Operating Profit Margin
1730.59%
Net Profit Margin
3198.24%
Return on Equity (ROE)
5.21%
Quick Ratio
-7.66%
Cash Ratio
0.02%

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