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Jyong Biotech Ltd.
MENSCIK 0001954488NasdaqNon-AcceleratedEmerging GrowthPharmaceutical PreparationsE9KY
Business
Jyong Biotech Ltd. is a foreign private issuer in Pharmaceutical Preparations, headquartered in the Cayman Islands. Shares trade on Nasdaq under the ticker MENS.
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Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Operating expenses | — | — | — | |
| Research and development | 813,000 | 927,000 | 1 | |
| Selling and marketing | 45,000 | 44,000 | 47,000 | |
| General and administrative | 2 | 1 | 2 | |
| Total operating expenses | 3 | 2 | 3 | |
| Loss from operations | −3 | −2 | −3 | |
| Other incomes (expenses): | — | — | — | |
| Interest income | 610,000 | 7,000 | 56,000 | |
| Interest expenses | 3 | 1 | 757,000 | |
| Other (losses) gains, net | −135,000 | 65,000 | −902,000 | |
| Total other expenses, net | −2 | −963,000 | −2 | |
| Loss before income tax | −5 | −3 | −4 | |
| Income tax expense | — | — | — | |
| Net loss | −5 | −3 | −4 | |
| Other comprehensive (loss) income | — | — | — | |
| Foreign currency translation adjustments, net of nil tax | −439,000 | 573,000 | −42,000 | |
| Total comprehensive loss | −5 | −2 | −4 | |
| Net loss per share: | — | — | — | |
| Basic (in Dollars per share) | −0.06 | −0.04 | −0.06 | |
| Diluted (in Dollars per share) | −0.06 | −0.04 | −0.06 | |
| Weighted average shares outstanding (in thousands): | — | — | — | |
| Basic (in Shares) | 73 | 72 | 72 | |
| Diluted (in Shares) | 73 | 72 | 72 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| Current Assets | — | — | |
| Cash | 1 | 98,000 | |
| Restricted cash | 3,000 | 3,000 | |
| Prepayments and other current assets | 854,000 | 105,000 | |
| Loan receivable from shareholder | 14 | — | |
| Total current assets | 16 | 206,000 | |
| Property and equipment, net | 3 | 3 | |
| Operating right-of-use assets | 66,000 | 137,000 | |
| Deferred offering costs | — | 934,000 | |
| Restricted asset | 2 | 2 | |
| Other non-current assets | 6,000 | 6,000 | |
| Total non-current assets | 5 | 6 | |
| TOTAL ASSETS | 21 | 6 | |
| Current liabilities | — | — | |
| Short-term bank loans | 8 | 7 | |
| Notes and accounts payable | 2,000 | 3,000 | |
| Accrued expenses | 1 | 1 | |
| Accrued expenses due to related parties | 281,000 | 147,000 | |
| Current portion of long-term bank loans | 571,000 | 57,000 | |
| Operating lease liabilities due to related parties-current | 81,000 | 159,000 | |
| Accrued liabilities - guarantee obligation | 22 | — | |
| Other current liabilities | 3 | 3 | |
| Other current liabilities due to related parties | 68,000 | 41,000 | |
| Total current liabilities | 35 | 12 | |
| Long-term loan from related parties | 12 | 11 | |
| Long-term loan from third parties | 2 | 3 | |
| Long-term bank loans, net of current portion | 2 | 2 | |
| Operating lease liabilities due to related parties – non-current | 26,000 | 16,000 | |
| Other non-current liabilities | 60,000 | 58,000 | |
| Other non-current liabilities due to related parties | 628,000 | 628,000 | |
| Guarantee liabilities | — | 19 | |
| Total non-current liabilities | 11 | 31 | |
| TOTAL LIABILITIES | 46 | 43 | |
| Commitments and contingencies (Note 18) | — | — | |
| Shareholders’ deficit | — | — | |
| Ordinary shares, $0.00001 par value; 5,000,000 thousand shares authorized; 73,361 thousand and 76,028 thousand shares issued and outstanding as of December 31, 2024 and 2025, respectively | 1,000 | 1,000 | |
| Additional paid-in capital | 29 | 12 | |
| Treasury shares, 1,794 thousand shares as of December 31, 2024 and 2025, respectively | 16 | 16 | |
| Accumulated deficit | −38 | −33 | |
| Accumulated other comprehensive income | 682,000 | 1 | |
| Total shareholders’ deficit | −25 | −37 | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | 21 | 6 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Cash flows from operating activities | — | — | — | |
| Net loss | −5 | −3 | −4 | |
| Adjustments to reconcile net loss to net cash used in operating activities: | — | — | — | |
| Depreciation | 100,000 | 120,000 | 127,000 | |
| Noncash operating lease expenses | 176,000 | 170,000 | 175,000 | |
| Fair value changes in the guarantee liabilities | −19 | 591,000 | 379,000 | |
| Gain on disposal of short-term investments | 3,000 | — | — | |
| Prepayments and other current assets | 749,000 | 8,000 | 2,000 | |
| Notes and accounts payable | −1,000 | 1,000 | −2,000 | |
| Accrued liabilities – guarantee obligation | 22 | — | 0 | |
| Accrued expenses | −159,000 | 76,000 | 254,000 | |
| Accrued expenses due to related parties | 134,000 | 92,000 | 42,000 | |
| Operating lease liabilities due to related parties | −130,000 | −124,000 | −128,000 | |
| Other current liabilities | 10,000 | −2 | 878,000 | |
| Other current liabilities due to related parties | 27,000 | 20,000 | 17,000 | |
| Other non-current liabilities | — | −1,000 | 59,000 | |
| Net cash used in operating activities | −3 | −4 | −3 | |
| Cash flows from investing activities | — | — | — | |
| Purchases of short-term investments | 17 | — | — | |
| Proceeds from disposal of short-term investments | 17 | — | — | |
| Proceeds from maturity of time deposits | — | — | 95,000 | |
| Loan to a shareholder | −15 | — | — | |
| Repayment from shareholder | 1 | — | — | |
| Net cash provided by (used in) investing activities | −14 | — | 95,000 | |
| Cash flows from financing activities | — | — | — | |
| Payments of deferred offering costs | 114,000 | 213,000 | 445,000 | |
| Proceeds from short-term bank loans | 23 | 9 | 10 | |
| Repayment of short-term bank loans | 23 | 9 | 9 | |
| Proceeds from issuance of ordinary shares | 18 | — | — | |
| Proceeds of loan from related parties | 1 | 2 | 2 | |
| Repayments of loan from related parties | −800,000 | — | −120,000 | |
| Repayment of loan from third party | 700,000 | — | — | |
| Repayments of long-term bank loans | 60,000 | 71,000 | 123,000 | |
| Net cash provided by financing activities | 18 | 2 | 2 | |
| Effects of exchange rate changes on cash and restricted cash | −8,000 | −7,000 | −54,000 | |
| NET (DECREASE)INCREASE IN CASH AND RESTRICTED CASH | 1 | −2 | −532,000 | |
| TOTAL CASH AND RESTRICTED CASH | — | — | — | |
| TOTAL CASH AND RESTRICTED CASH | — | — | — | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | — | — | — | |
| Income taxes paid | — | — | — | |
| Interest paid | 337,000 | 223,000 | 104,000 | |
| Reconciliation to amount on consolidated balance sheets | — | — | — | |
| Cash | — | — | — | |
| Restricted cash | — | — | — | |
| TOTAL CASH AND RESTRICTED CASH | — | — | — |
Filings
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