BAIYU Holdings Inc. (BYU) Financial Statements (2024 and earlier)

Company Profile

Business Address 139, XINZHOU 11TH STREET, FUTIAN DISTRIC
SHENZHEN, GUANGDONG, PRC 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)

3/31/2024
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 1,5168934,3112,7002,4471,484
Cash and cash equivalents 1,5168934,3112,7002,4471,484
Receivables  11,35855,8393,3117
Inventory, net of allowances, customer advances and progress billings 260458    
Inventory 260458    
Prepaid expense 15     
Other current assets10,1354,0403,2881,31116788
Other undisclosed current assets240,416143,175115,30118,4331,956(7)
Total current assets:252,342148,566134,25978,2827,8801,572
Noncurrent Assets
Operating lease, right-of-use asset8319788919,57441
Property, plant and equipment3263 46
Long-term investments and receivables     987218
Due from related parties    218
Long-term investments     987 
Intangible assets, net (including goodwill)202,828214,32892,28669,322  
Goodwill157,542160,21471,02869,322  
Intangible assets, net (excluding goodwill)45,28654,11521,257   
Other undisclosed noncurrent assets     2,4761,416
Total noncurrent assets:202,943214,53193,17788,8963,5091,640
TOTAL ASSETS:455,285363,098227,436167,17811,3883,212
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,18811,63613,04421,83985 
Taxes payable8,4425,46115 
Employee-related liabilities1,26599450 
Accounts payable  13,33815,38421 
Accrued liabilities16,18811,635    
Debt5,3425,6745,1681,653  
Other liabilities6,5785,3494,2983,197420403
Due to related parties38,767217,3461,017 
Other undisclosed current liabilities3,6545534,2678,2203,9136
Total current liabilities:31,76261,98026,79942,2565,435409
Noncurrent Liabilities
Long-term debt and lease obligation:   587   
Liabilities, other than long-term debt2,2573,1444,1784,893  
Deferred income tax liabilities2,2573,0604,1784,893 
Operating lease, liability  84587  
Other undisclosed noncurrent liabilities38,121   152 
Total noncurrent liabilities:40,3783,1444,7654,893152 
Total liabilities:72,14065,12431,56447,1495,588409
Equity
Equity, attributable to parent, including:385,938299,220195,872120,0295,8092,802
Common stock19107138791225
Additional paid in capital438,981344,296224,790151,40738,52328,745
Accumulated other comprehensive income (loss)(16,145)(8,985)11,6676,885(334)(511)
Accumulated deficit(39,520)(38,800)(42,201)(39,256)(32,391)(25,457)
Other undisclosed equity, attributable to parent2,6032,6031,478913  
Equity, attributable to noncontrolling interest(2,792)(1,246)  (9) 
Total equity:383,145297,974195,872120,0295,8012,802
TOTAL LIABILITIES AND EQUITY:455,285363,098227,436167,17811,3883,212

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues134,626156,835201,13428,2692,493 
Operating lease, lease income     1,830
Cost of revenue(134,816)(155,790)(173,996)(7,853)(2,134) 
Cost of goods and services sold (155,790)(173,996)(7,853)(100) 
Other undisclosed gross profit  (8)(24,130)(16,787) 417
Gross profit:(189)1,0383,0093,628360417
Operating expenses(16,592)8,8899,974(3,036)(3,977)(2,821)
Other operating income (expense), net 15,3588,016(815)(3,311) 
Other undisclosed operating loss      
Operating income (loss):(16,781)25,28520,999(222)(6,928)(2,404)
Nonoperating income (expense)18,530(20,652)4,781   
Investment income, nonoperating20,103     
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:1,1434,63325,780(3,622)(6,928)(2,424)
Other undisclosed income (loss) from continuing operations before income taxes6052,874(24,729)3,400  
Income (loss) from continuing operations before income taxes:1,7497,5071,051(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 interest1,547272    
Other undisclosed net income attributable to parent      9,968
Net income (loss) attributable to parent:(720)4,525(940)(5,952)(6,943)7,647
Other undisclosed net loss available to common stockholders, basic      
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)

3/31/2024
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 interest1,547272  9 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (24,905)  1779,551
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.

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