Here are the 10-K annual reports from Hong Yuan Holding Group (HGYN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow HGYN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HGYN filings page.
Hong Yuan Holding Group (HGYN) filed an amended annual report for the year ended December 31, 2025, primarily to add expanded risk disclosures related to operating in mainland China and Hong Kong, data and cybersecurity regulation, and the Holding Foreign Companies Accountable Act in response to an SEC comment letter.
For 2025, the company reported revenue of $837,753 versus $245,572 in 2024 and swung from a net loss of $98,844 to net income attributable to Hong Yuan of $155,329. Total assets increased to $611,315, while current liabilities were $591,669, leaving a small equity balance of $19,646 after a prior year deficit. Operations are conducted mainly through a Hong Kong entity and a consolidated PRC variable interest entity focused on supply-chain management and branded alcoholic beverage retail. The auditor issued a going-concern emphasis, citing net losses historically, negative operating cash flow and reliance on related-party funding, and management concluded that internal control over financial reporting was not effective due to material weaknesses.
Hong Yuan Holding Group reports 2025 revenue of $837,753, up from $245,572 in 2024, driven by its Chinese supply-chain VIE operations. Cost of revenue was $298,108, producing gross profit of $539,645. After $363,167 of operating expenses and small discontinued losses, net income attributable to the company was $155,329.
The balance sheet remains weak, with a working capital deficit of $11,622, cash of $16,747 and an accumulated deficit of $97,652,645 as of December 31, 2025. Auditors and management highlight substantial doubt about the company’s ability to continue as a going concern, noting reliance on related-party funding and the need for additional financing.