BAIYU Holdings Inc. (BYU) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
ROOM 3703, JINGJI BINHE TIMES BUILDING SHENZHEN, GUANGDONG, 518000 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 505 - Metals And Minerals, Except Petroleum (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,516 | 893 | 4,311 | 2,700 | 2,447 | 1,484 | |||
| Cash and cash equivalent | 1,516 | 893 | 4,311 | 2,700 | 2,447 | 1,484 | |||
| Receivables | 11,358 | 55,839 | 3,311 | 7 | |||||
| Inventory, net of allowances, customer advances and progress billings | 260 | 458 | |||||||
| Inventory | 260 | 458 | |||||||
| Prepaid expense | 15 | ||||||||
| Other current assets | 10,135 | 4,040 | 3,288 | 1,311 | 167 | 88 | |||
| Other undisclosed current assets | 240,416 | 143,175 | 115,301 | 18,433 | 1,956 | (7) | |||
| Total current assets: | 252,342 | 148,566 | 134,259 | 78,282 | 7,880 | 1,572 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 83 | 197 | 889 | 19,574 | 41 | ✕ | |||
| Property, plant and equipment | 32 | 6 | 3 | 4 | 6 | ||||
| Long-term investments and receivables | 987 | 218 | |||||||
| Due from related parties | ✕ | ✕ | 218 | ||||||
| Long-term investments | 987 | ||||||||
| Intangible assets, net (including goodwill) | 202,828 | 214,328 | 92,286 | 69,322 | |||||
| Goodwill | 157,542 | 160,214 | 71,028 | 69,322 | |||||
| Intangible assets, net (excluding goodwill) | 45,286 | 54,115 | 21,257 | ||||||
| Other undisclosed noncurrent assets | 2,476 | 1,416 | |||||||
| Total noncurrent assets: | 202,943 | 214,531 | 93,177 | 88,896 | 3,509 | 1,640 | |||
| TOTAL ASSETS: | 455,285 | 363,098 | 227,436 | 167,178 | 11,388 | 3,212 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 16,188 | 11,636 | 13,044 | 21,839 | 85 | ||||
| Taxes payable | ✕ | ✕ | ✕ | 8,442 | 5,461 | 15 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1,265 | 994 | 50 | |||
| Accounts payable | 1 | 3,338 | 15,384 | 21 | |||||
| Accrued liabilities | 16,188 | 11,635 | |||||||
| Deferred revenue | ✕ | ||||||||
| Debt | 5,342 | 5,674 | 5,168 | 1,653 | |||||
| Other liabilities | 6,578 | 5,349 | 4,298 | 3,197 | 420 | 403 | |||
| Due to related parties | ✕ | ✕ | 38,767 | 21 | 7,346 | 1,017 | |||
| Other undisclosed current liabilities | 3,654 | 553 | 4,267 | 8,220 | 3,913 | 6 | |||
| Total current liabilities: | 31,762 | 61,980 | 26,799 | 42,256 | 5,435 | 409 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 587 | ||||||||
| Liabilities, other than long-term debt | 2,257 | 3,144 | 4,178 | 4,893 | |||||
| Deferred income tax liabilities | 2,257 | 3,060 | 4,178 | 4,893 | ✕ | ||||
| Operating lease, liability | 84 | 587 | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 38,121 | 152 | |||||||
| Total noncurrent liabilities: | 40,378 | 3,144 | 4,765 | 4,893 | 152 | ||||
| Total liabilities: | 72,140 | 65,124 | 31,564 | 47,149 | 5,588 | 409 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 385,938 | 299,220 | 195,872 | 120,029 | 5,809 | 2,802 | |||
| Common stock | 19 | 107 | 138 | 79 | 12 | 25 | |||
| Additional paid in capital | 438,981 | 344,296 | 224,790 | 151,407 | 38,523 | 28,745 | |||
| Accumulated other comprehensive income (loss) | (16,145) | (8,985) | 11,667 | 6,885 | (334) | (511) | |||
| Accumulated deficit | (39,520) | (38,800) | (42,201) | (39,256) | (32,391) | (25,457) | |||
| Other undisclosed equity, attributable to parent | 2,603 | 2,603 | 1,478 | 913 | |||||
| Equity, attributable to noncontrolling interest | (2,792) | (1,246) | (9) | ||||||
| Total equity: | 383,145 | 297,974 | 195,872 | 120,029 | 5,801 | 2,802 | |||
| TOTAL LIABILITIES AND EQUITY: | 455,285 | 363,098 | 227,436 | 167,178 | 11,388 | 3,212 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 134,626 | 156,835 | 201,134 | 28,269 | 2,493 | |||
| Operating lease, lease income | 1,830 | ✕ | ||||||
| Cost of revenue | (134,816) | (155,790) | (173,996) | (7,853) | (2,134) | |||
| Cost of product and service sold | (155,790) | (173,996) | (7,853) | (100) | ||||
| Other undisclosed gross profit | (8) | (24,130) | (16,787) | 417 | ||||
| Gross profit: | (189) | 1,038 | 3,009 | 3,628 | 360 | 417 | ||
| Operating expenses | (16,592) | 8,889 | 9,974 | (3,036) | (3,977) | (2,821) | ||
| Other operating income (expense), net | 15,358 | 8,016 | (815) | (3,311) | ||||
| Other undisclosed operating loss | ||||||||
| Operating income (loss): | (16,781) | 25,285 | 20,999 | (222) | (6,928) | (2,404) | ||
| Nonoperating income (expense) | 18,530 | (20,652) | 4,781 | |||||
| Investment income, nonoperating | 20,103 | |||||||
| Gain (loss), foreign currency transaction, before tax | (20,652) | 4,781 | ||||||
| Interest and debt expense | (605) | (3,400) | (159) | (0) | ||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 159 | (20) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,143 | 4,633 | 25,780 | (3,622) | (6,928) | (2,424) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 605 | 2,874 | (24,729) | 3,400 | ||||
| Income (loss) from continuing operations before income taxes: | 1,749 | 7,507 | 1,051 | (222) | (6,928) | (2,424) | ||
| Income tax expense (benefit) | (4,015) | (3,254) | (1,991) | (2,178) | (15) | 104 | ||
| Income (loss) from continuing operations: | (2,266) | 4,254 | (940) | (2,400) | (6,943) | (2,320) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (940) | (5,952) | (6,943) | (2,320) | |
| Loss from discontinued operations | (3,551) | |||||||
| Net income (loss): | (2,266) | 4,254 | (940) | (5,952) | (6,943) | (2,320) | ||
| Net income attributable to noncontrolling interest | 1,547 | 272 | ||||||
| Other undisclosed net income attributable to parent | 9,968 | |||||||
| Net income (loss) available to common stockholders, basic: | (720) | 4,525 | (940) | (5,952) | (6,943) | 7,647 | ||
| Interest on convertible debt | ||||||||
| Other undisclosed net income (loss) available to common stockholders, diluted | (272) | |||||||
| Net income (loss) available to common stockholders, diluted: | (720) | 4,254 | (940) | (5,952) | (6,943) | 7,647 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,266) | 4,254 | (940) | (5,952) | (6,943) | (2,320) | ||
| Other comprehensive income (loss) | 4,254 | (940) | ||||||
| Other undisclosed comprehensive income (loss) | (7,160) | 7,220 | ||||||
| Comprehensive income (loss): | (9,426) | 8,507 | (1,881) | 1,268 | (6,943) | (2,320) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1,547 | 272 | 9 | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (24,905) | 177 | 9,551 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (7,880) | (16,126) | (1,881) | 1,268 | (6,757) | 7,230 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.