SEC filings · customer concentration · PNYG

Pony Group's major customers

Benfu Development accounted for 39% of Pony Group's revenue in FY 2025.

1major customers now
39%of revenue from them
0listed suppliers depending on it
2023–2026years covered
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Major customers of Pony Group

Customers that Pony Group named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Benfu Development39%newFY 2025: 39%1 yearFY 2025 · filed 27 Mar 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Jun Rong Development32%last FY 2024FY 2024: 32%1 yearFY 2024 · filed 27 Mar 2025
Shenzhen Zhongke Hengjin28%last FY 2023FY 2023: 28%1 yearFY 2023 · filed 27 Mar 2025
XAARPLC Shenzhen Technology21%last FY 2024FY 2024: 21%1 yearFY 2024 · filed 27 Mar 2025
Shenzhen Eryuechuer Culture Technology14%last FY 2023FY 2023: 14%1 yearFY 2023 · filed 27 Mar 2025
Shenzhen Shangjia Electronic Technology12%last FY 2023FY 2023: 12%1 yearFY 2023 · filed 27 Mar 2025

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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