OTC: HGYN
HONG YUAN HOLDING GROUPCIK 0001324759 · SIC 2821 · Plastics Materials & Resins
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Latest financial statements
From 10-Q filed Sep 18, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | 32,161 | 112,812 | 75,858 | 353,877 |
| Cost of revenue | 10,695 | 17,252 | 32,407 | 141,599 |
| Gross Profit | 21,466 | 95,560 | 43,451 | 212,278 |
| Operating Expenses | ||||
| Selling and marketing | 28,298 | 3,861 | 45,266 | 4,034 |
| General and administrative | 82,346 | 46,799 | 149,581 | 98,816 |
| Professional fees | 6,295 | 7,016 | 38,644 | 31,406 |
| Total operating expenses | 116,939 | 57,676 | 233,491 | 134,256 |
| Income (loss) from operations | (95,473) | 37,884 | (190,040) | 78,022 |
| Non-operating income (expenses) | ||||
| Interest income (expense) | 2 | - | 3 | 6 |
| Other income (expense) | (343) | 18 | (248) | 14 |
| Non-operating income (expenses), net | (341) | 18 | (245) | 20 |
| Income (loss) before taxes | (95,814) | 37,902 | (190,285) | 78,042 |
| Provision for income taxes | - | 2,436 | - | 5,219 |
| Income (loss) from continuing operations | (95,814) | 35,466 | (190,285) | 72,823 |
| Discontinued operations | ||||
| Loss from discontinued operation | - | (2,999) | - | (2,999) |
| Loss on deconsolidation of the discontinued operations | - | (2,788) | - | (2,788) |
| Loss from discontinued operations, net of tax | - | (5,787) | - | (5,787) |
| Net Income (loss) | (95,814) | 29,679 | (190,285) | 67,036 |
| Less: loss attributable to noncontrolling interest | (1,410) | (363) | (2,535) | (506) |
| Net income (loss) to the Company | (94,404) | 30,042 | (187,750) | 67,542 |
| Other comprehensive income | 3,412 | 1,290 | 7,049 | 1,541 |
| Comprehensive Income (loss) | (90,992) | 31,332 | (180,701) | 69,083 |
| Basic and dilutive net income (loss) per common share | (0.0012) | 0.0004 | (0.0024) | 0.0009 |
| Weighted average number of common shares outstanding basic and diluted | 74,640,766 | 74,640,766 | 74,640,766 | 74,640,766 |
Condensed Consolidated Balance Sheets
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | 13,365 | 16,747 |
| Accounts receivable, net | 395,693 | 404,048 |
| Inventory | 37,934 | 34,286 |
| Prepaid expense and other receivable | 155,922 | 124,966 |
| Total Current Assets | 602,914 | 580,047 |
| NONCURRENT ASSETS | ||
| Property and equipment, net | 216 | 209 |
| Intangible assets, net | 14,643 | 9,492 |
| Deferred expense | 9,562 | 11,580 |
| Right of use asset, net | 5,443 | 9,987 |
| Total Noncurrent Assets | 29,864 | 31,268 |
| TOTAL ASSETS | 632,778 | 611,315 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| CURRENT LIABILITIES | ||
| Accounts payable and accrued liabilities | 329,054 | 111,698 |
| Operating lease liabilities current | 2,168 | 9,987 |
| Deferred revenue | 91,403 | 120,652 |
| Tax payable | 2,113 | 11,201 |
| Due to related party | 352,258 | 338,131 |
| Total Current Liabilities | 776,996 | 591,669 |
| NONCURRENT LIABILITIES | ||
| Operating lease liabilities noncurrent | 2,292 | - |
| Total Noncurrent Liabilities | 2,292 | - |
| TOTAL LIABILITIES | 779,288 | 591,669 |
| STOCKHOLDER’S EQUITY (DEFICIT) | ||
| Series A-1 Preferred stock: 5,000,000 shares authorized; $0.001 par value, 5,000,000 issued and outstanding at June 30, 2026, and December 31, 2025 | 5,000 | 5,000 |
| Common stock: 2,000,000,000 shares authorized; $0.001 par value, 74,640,766 shares issued and outstanding at June 30, 2026, and December 31, 2025 | 74,641 | 74,641 |
| Additional Paid-in Capital | 97,485,977 | 97,471,393 |
| Statutory surplus reserve | 24,008 | 24,008 |
| Accumulated other comprehensive income | 21,915 | 14,865 |
| Accumulated deficit | (97,840,395) | (97,652,645) |
| Total Hong Yuan Group Stockholders’ Deficit | (228,854) | (62,738) |
| Noncontrolling interest | 82,344 | 82,384 |
| Total Equity (Deficit) | (146,510) | 19,646 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | 632,778 | 611,315 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Income (loss) | (190,285) | 72,823 |
| Net income from discontinued operations | - | (5,787) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 2,335 | 359 |
| Lease expense | 11,590 | 19,359 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 20,507 | (93,161) |
| Inventory | (2,567) | 4,874 |
| Prepaid expense and other receivable | (26,820) | (60,118) |
| Deferred expense | 2,345 | - |
| Accounts payable and accrued liabilities | 211,947 | 15,982 |
| Deferred revenue | (32,577) | 40,444 |
| Operating lease payment | (12,561) | (19,359) |
| Tax payable | (9,325) | 2,135 |
| Due to related party | 14,127 | 22,571 |
| Net Cash Provided by (Used in) Operating Activities from Continuing Operations | (11,284) | 122 |
| Net Cash Used in Operating Activities from Discontinued Operations | - | (2,027) |
| Net Cash Used in Operating Activities | (11,284) | (1,905) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of intangible assets | (7,140) | - |
| Net Cash Used in Investing Activities | (7,140) | - |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceed from capital contribution | 14,572 | - |
| Net Cash Provided by Financing Activities | 14,572 | - |
| EFFECT OF EXCHANGE RATE CHANGE ON CASH & CASH EQUIVALENTS | 470 | 852 |
| Net change in cash and cash equivalents | (3,382) | (1,053) |
| Cash and cash equivalents, beginning of period | 16,747 | 46,291 |
| Cash and cash equivalents, end of period | 13,365 | 45,238 |
| - | ||
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for income taxes | 2,713 | - |
| NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Right of use asset and related liability | 6,564 | 46,840 |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗