Wing Yip Food Holdings Group Ltd

Listed Company

WYHGCIK 0001999860NasdaqNon-AcceleratedEmerging GrowthSausages & Other Prepared Meat ProductsK3HKFY ends Dec 31

Period

FY 2024

Revenue

$144.63M

Net Income

$11.25M

Total Assets

$193.49M

Equity

$155.74M

Shares Out

50.02M

Op. Cash Flow

$12.48M

Business

Wing Yip Food Holdings Group Ltd is a China-focused meat product processing company that processes, manufactures and distributes cured, snack and frozen meat products. It offers cured meat products (sausages, cured pork, chicken, duck and fish), snack items (ready-to-eat sausages, jerky, duck necks, claypot rice) and frozen meat products (sausages, beef patties, chicken breast fillets), supported by research and development and quality testing capabilities. The business operates through its operating subsidiaries with production, R&D and quality control functions and retail operations. Its products are sold across mainland China through self-operated stores, third-party distributors and multiple e-commerce platforms.

Summary from filing dated 2025-04-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Revenues	135	145	134
Cost of revenues	96	100	87
Gross profit	40	45	47
Operating expenses:	—	—	—
Selling expenses	19	20	20
General and administrative expenses	5	4	4
Research and development expenses	4	5	4
Total operating expenses	29	29	28
Other income (expenses):	—	—	—
Interest income	84,479	179,412	178,758
Interest expenses	1	1	995,345
Other income, net	538,616	58,766	208,908
Other expense, net	1	3	2
Exchange loss	−21,087	−3,298	−11,651
Total other expenses, net	−1	−4	−3
Income before income tax	9	12	16
Income tax expenses	1	850,633	2
Net income	8	11	14
Comprehensive income	—	—	—
Foreign currency translation adjustments, net of tax	−7	4	4
Comprehensive income	825,096	15	18
Earnings per share, basic (in Dollars per share)	0.16	0.23	0.29
Earnings per share - diluted (in Dollars per share)	0.16	0.23	0.29
Weighted average number of shares (in Shares)	50	48	48

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
CURRENT ASSETS:	—	—
Cash and cash equivalents	85	88
Restricted cash	110,252	880,358
Accounts receivable	7	8
Inventories	10	8
Prepaid expenses and other current assets	30	8
TOTAL CURRENT ASSETS	132	113
NON-CURRENT ASSETS:	—	—
Property, plant and equipment, net	79	80
Intangible assets, net	47,602	47,094
Land-use rights, net	603,581	605,343
Right-of-use assets	4	300,664
Other non-current assets, net	105,570	157,076
TOTAL NON-CURRENT ASSETS	83	81
TOTAL ASSETS	215	193
CURRENT LIABILITIES:	—	—
Short-term loans	11	7
Long-term loans	4	11
Accounts payable	10	8
Notes payable	367,505	3
Deferred income	32,175	46,874
Accrued expenses and other payables	2	3
Taxes payable	276,897	3,603
Lease liabilities	9,765	87,648
TOTAL CURRENT LIABILITIES	28	32
NON-CURRENT LIABILITIES:	—	—
Long-term loans	14	4
Lease liabilities	5,833	278,282
Deferred tax liabilities	2	2
TOTAL NON-CURRENT LIABILITIES	16	6
TOTAL LIABILITIES	43	38
COMMITMENTS AND CONTINGENCIES (NOTE 19)	—	—
SHAREHOLDERS’ EQUITY	—	—
Ordinary shares (No par value; 50,330,928 and 50,023,428 shares issued and outstanding as of December 31, 2025 and 2024)	—	—
Additional paid-in capital	44	43
Statutory reserve	14	12
Accumulated other comprehensive loss	−2	−9
Retained earnings	116	110
TOTAL SHAREHOLDERS’ EQUITY	172	156
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	215	193

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Cash flows from operating activities:	—	—	—
Net income	8	11	14
Adjustments to reconcile net income to net cash used in operating activities:	—	—	—
Depreciation of property, plant and equipment	6	4	3
Written off property, plant and equipment	976,665	614,527	2
Allowance for credit losses	71,499	−43,797	18,630
Amortization of intangible assets	8,232	9,003	7,402
Amortization of land use right	28,268	27,472	22,933
Amortization of right-of-use asset	188,547	91,368	134,971
Deferred income taxes	179,709	−30,365	−43,378
Changes in operating assets and liabilities:	—	—	—
Accounts receivable	−971,285	376,692	3
Inventories	1	2	−1
Prepaid expenses and other current assets	26	4	−1
Other non-current assets	19,993	−17,241	−30,893
Accounts payable	2	309,118	671,155
Notes Payable	−3	3	—
Deferred revenue	−14,699	−18,621	−19,737
Taxes payable	273,294	−853,909	−859,792
Lease liabilities	−350,332	111,330	−124,456
Accrued expenses and other payables	−1	−238,724	−203,052
Net cash provided by (used in) operating activities	−13	12	18
Cash flows from investing activities:	—	—	—
Purchase of property, plant and equipment	5	10	217,053
Purchase of intangible assets	6,720	548	5,113
Net cash used in investing activities	−5	−10	−222,166
Cash flows from financing activities:	—	—	—
Issuance of ordinary shares, net of offering costs	1	6	—
Proceeds from short-term loans	13	7	6
Proceeds from long-term loans	15	650,747	5
Repayment of short-term loans	9	7	4
Repayment of long-term loans	13	3	591,558
Deferred offering costs	—	—	605,866
Net cash provided by financing activities	7	4	6
Effect of exchange rate changes	7	−9	13,817
Net increase (decrease) in cash	−3	−2	24
Cash and cash equivalents at end of the year	—	—	—
Cash and cash equivalents at end of the year	—	—	—
Supplemental disclosures of cash flows information:	—	—	—
Cash paid for income taxes	1	2	5
Cash paid for interest expense	1	992,556	923,699
Supplemental disclosures of non-cash information:	—	—	—
Lease liabilities arising from obtaining right-of-use assets	26,030	183,839	15,225

Filings

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