BIYANasdaqServices-Employment AgenciesUS GAAP · USD

Baiya International Group Inc.

Baiya International Group Inc. is a U.S.-listed company with its principal executive offices in Shenzhen, China. Based on the available filings, it has operated through a Hong Kong subsidiary and a variable-interest-entity structure tied to technology-related operating entities in China.

Kysy yhtiöstä
Liikevaihto16,5milj. USD
+28,6 %v/v
Liikevoitto (EBIT)−9,6milj. USD
−14 978,7 %v/v
EBIT-marginaali−58,1%
−58,6 %-yks.v/v
Nettotulos−9,5milj. USD
−108 836,2 %v/v
Vapaa kassavirta−7,4milj. USD

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−1001020milj. USD2022: 13 milj. USD2022: EBIT −1,4 milj. USD20222023: 12 milj. USD2023: EBIT −0,72 milj. USD20232024: 13 milj. USD2024: EBIT 0,06 milj. USD20242025: 16 milj. USD2025: EBIT −9,6 milj. USD202516−9,6
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Employment agency services80 %

Services that connect employers with workers and support hiring needs.

Labor matching and placement15 %

Recruitment and placement activities for filling job openings.

Holding company and administrative services5 %

Corporate and holding-level activities supporting operating subsidiaries.

Tuotteet

Raportoitu · osuus liikevaihdosta
84,8%FY2025100 %
  • Project Outsourcing Service84,8 %
  • Research and Development Technical Services8,2 %
  • Entrusted Recruitment Service6,7 %
  • Other0,3 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company’s customers are employers that need staffing support, recruitment, and labor placement services. Its business model implies demand from organizations that outsource hiring or need flexible labor access, especially where cross-border ownership and China-based operations are involved.

Employers needing staffing support

Businesses that buy recruitment and placement services to fill roles quickly and efficiently.

Labor outsourcing clients

Companies that outsource parts of the hiring process to reduce internal recruiting workload.

Cross-border operating counterparties

Entities interacting with the Hong Kong and China operating structure used by the group.

Strategia

The disclosed filings indicate a significant corporate simplification through the disposition of the Hong Kong subsidiary and its China-linked VIE structure. That suggests the company is managing its operating footprint and ownership structure while retaining flexibility around asset ownership and control.

Restructure the operating footprintLyhyt aikaväli

A simplified structure can reduce complexity in governance and asset control.

Manage China-linked ownership riskKeskipitkä aikaväli

The VIE-based operating model creates legal and control sensitivities that need active oversight.

Maantiede

The company is incorporated in the U.S. but its disclosed operating presence centers on Shenzhen, China, with a Hong Kong subsidiary in its corporate structure. That setup makes the business economically tied to China-based operations and subject to cross-border legal and regulatory requirements.

Riskit

The company faces structural and jurisdictional risk because its disclosed operations run through Hong Kong and China-linked VIE arrangements while it remains U.S.-listed. Any disruption in contractual control, cross-border regulation, or asset dispositions could materially affect operations and ownership rights.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →VIE structure control risk1China regulatory and legal risk2Asset disposition execution risk3
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. VIE structure control riskVaikutus: KorkeaTodennäköisyys: Korkea

    The business depends on contractual arrangements rather than direct ownership for key operating entities.

    KohdistuuShenzhen Gongwuyuan Network Technology CoLtdRelated VIEs
  2. China regulatory and legal riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Operating entities and principal offices are tied to China, where regulatory changes can affect enforceability and operations.

    Kohdistuu: China-based subsidiaries and contractual control arrangements

  3. Asset disposition execution riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Disposition proceeds are payable over time and closing/transfer mechanics can affect realized value.

    Kohdistuu: Sale of Juxing Investment Group (Hong Kong) Limited

Kirjanpito

Harkinnanvaraiset erät
VIE consolidation

Contractual control rather than direct equity ownership drives whether operating entities are consolidated.

Vaikutus: Can change assets, liabilities, revenue, and cash flow presentation

Deconsolidation on disposition

Sale of the Hong Kong subsidiary and indirect control of VIEs requires careful deconsolidation accounting.

Vaikutus: May trigger gain or loss and remove operating assets from the balance sheet

Installment consideration

The US$2,000,000 purchase price is payable over three years, so collectability and present value matter.

Vaikutus: Affects receivable recognition and timing of cash realization

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Magic Empire Global Ltd

MEGL · Finance Services

Big Tree Cloud Holdings Ltd

DSYWW · Converted Paper & Paperboard Prods (No Contaners/Boxes)

Bayview Acquisition Corp

Blank Checks

Xiao-I Corp

AIXI · Services-Prepackaged Software

Etoiles Capital Group Co., Ltd

EFTY · Services-Management Consulting Services

Nam Tai Property Inc.

NTPIF · Real Estate

Päivitetty: 28.9.2026