BGMNasdaqPharmaceutical PreparationsUS GAAP · USD

BGM Group Ltd.

BGM Group Ltd is a Cayman Islands holding company with operating businesses primarily conducted through subsidiaries and variable interest entities in mainland China. Its operations span pharmaceutical and agricultural industrial products, including licorice products, oxytetracycline products, TCMD product, heparin product, sausage casings, and fertilizers, alongside a newer technology and biopharmaceutical focus.

Liikevaihto37,9milj. USD
+51,1 %v/v
Liikevoitto (EBIT)−12,6milj. USD
−2 131,7 %v/v
EBIT-marginaali−33,2%
−30,9 %-yks.v/v
Nettotulos−19,9milj. USD
−1 282,1 %v/v
Vapaa kassavirta−3,9milj. USD
−1 395,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−20020406080milj. USD2020: 50 milj. USD2020: EBIT 4,8 milj. USD20202021: 57 milj. USD2021: EBIT 2,4 milj. USD20212022: 65 milj. USD2022: EBIT 2,1 milj. USD20222023: 46 milj. USD2023: EBIT −2,6 milj. USD20232024: 25 milj. USD2024: EBIT −0,56 milj. USD20242025: 38 milj. USD2025: EBIT −13 milj. USD202538−13
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Pharmaceutical preparations and ingredients45 %

Includes oxytetracycline, heparin, and related biopharmaceutical products produced and sold in China.

Licorice and natural extracts15 %

Licorice-based products used in health, industrial, or food-related applications.

Agricultural and industrial products20 %

Includes fertilizers and other non-pharma industrial products sold to domestic customers.

Food and animal-processing inputs10 %

Sausage casings and similar processing inputs used by food manufacturers and processors.

AI and intelligent services10 %

AI application, intelligent robot, and cloud-based services for insurance and related users.

Asiakkaat

The company serves industrial and commercial buyers that purchase pharmaceutical, agricultural, and food-processing inputs, with business primarily centered in China. It also targets insurance companies, insurance brokers, and consumers through AI-driven applications and intelligent services. Customer demand is tied to manufacturing usage, distribution relationships, and enterprise adoption of data-driven tools.

Pharmaceutical and healthcare buyers

Buy oxytetracycline, heparin, and related products for medical or downstream formulation use.

Industrial and agricultural customers

Purchase licorice products and fertilizers for manufacturing, agricultural, or input use.

Food-processing customers

Buy sausage casings and related inputs for meat processing and packaged food production.

Insurance enterprises

Use AI and intelligent-robot tools for sales, underwriting, claims, and customer service.

Individual consumers

Interact with consumer-facing insurance and data-driven service applications.

Strategia

The company’s stated strategy combines its legacy biopharmaceutical and industrial product base with newer AI application, intelligent-robot, and cloud-computing capabilities. It is using AI-enabled platforms to serve insurance-related workflows while also integrating AI into biopharmaceutical production and supply-chain decisions. This mix suggests a diversification strategy that pairs operating businesses in China with a technology layer intended to improve customer service and operating efficiency.

Scale AI-enabled insurance servicesLyhyt aikaväli

Creates a higher-value service layer on top of insurance distribution and customer workflows.

Integrate AI into biopharmaceutical operationsKeskipitkä aikaväli

Can improve production planning, supply-chain visibility, and market forecasting.

Broaden product and end-market mixKeskipitkä aikaväli

Reduces reliance on a narrow set of industrial products and expands addressable demand.

Maantiede

BGM Group Ltd is a U.S.-listed Cayman holding company whose business is mainly conducted in the People’s Republic of China through PRC subsidiaries and VIE structures. The company’s operating footprint is therefore concentrated in mainland China, even though the parent entity is offshore and the shares trade in the United States. This structure creates exposure to China-based supply chains, customers, regulation, and currency use in RMB.

Riskit

The business is exposed to China-specific regulatory, operating, and contractual-structure risk because most activities are conducted through PRC subsidiaries and VIEs. It also faces execution risk from managing two different business models: commodity-like product manufacturing and AI-enabled services. Customer credit, inventory valuation, goodwill, and long-lived asset impairment are all relevant because the company operates with trade receivables, manufacturing assets, and acquisition-related balances.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →China regulatory and operating risk1VIE and contractual control structure2Goodwill impairment3Customer and trade receivable credit risk4Inventory and long-lived asset valuation5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. China regulatory and operating riskVaikutus: KorkeaTodennäköisyys: Korkea

    Most business activities are carried out in mainland China through PRC entities and VIEs.

    KohdistuuPRC subsidiariesVIEsRMB operations
  2. VIE and contractual control structureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Parts of the business are controlled through contractual arrangements rather than direct ownership.

    Kohdistuu: RONS Intelligent and related PRC entities

  3. Goodwill impairmentVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Acquisition-related goodwill must be supported by future cash flow expectations.

    Kohdistuu: Acquisition accounting

  4. Customer and trade receivable credit riskVaikutus: KeskitasoTodennäköisyys: Korkea

    The company grants credit terms of up to 90 days and must estimate collectability.

    Kohdistuu: Accounts receivable

  5. Inventory and long-lived asset valuationVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Manufacturing and product businesses require estimates for inventory and asset impairment.

    KohdistuuInventoryPlantEquipment

Kirjanpito

Harkinnanvaraiset erät
Allowance for doubtful accounts

Customers may pay on credit terms up to 90 days, so collectability estimates affect receivables and earnings.

Inventory valuation

Manufacturing and product sales require estimates for obsolescence and realizable value.

Vaikutus: Can change cost of revenue and gross profit

Goodwill impairment

Acquisition-related goodwill was recorded in the share-based transaction and must be tested for recoverability.

Vaikutus: Can create large non-cash charges

Long-lived asset impairment

Plant, equipment, and other operating assets may need write-downs if cash flows weaken.

Vaikutus: Affects operating income and asset base

Uncertain tax positions

Cross-border structure and PRC operations can create judgmental tax positions and reserve needs.

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026