Trending...
- Amicly Launches as a Safety-First Social App Designed to Help People Build Real, Meaningful Friendships
- Primeindexer Google indexing platform launched by SEO Danmark APS
- Composer Aidan Vass Releases Cleome, a Generative Ambient Music Engine for Spas and Wellness Centers
Baiya International Group Inc. (N A S D A Q: BIYA) $BIYA Fiscal 2024 Net Revenues were $12.8 Million, an Increase of 10.7% from $11.6 Million in Fiscal 2023.
SHENZHEN, China - eMusicWire -- Cloud-Based Internet Platform to Provide One-Stop Crowdsourcing Recruitment and SaaS-Enabled HR Solutions to Supplement Offline Job Matching Services.
Positioned to Serve the Gongwuyuan Platform of China in the Flexible Employment Marketplace.
Forecast of 2025 Full-Year Revenue to Exceed RMB 300 Million.
Underwriters of Recent Initial Public Offering of 2,500,000 Ordinary Shares are Partially Waiving a Lock-Up Restriction.
Fiscal 2024 Gross Profit was $1.4 Million, an Increase of 75.4% from $0.8 Million in Fiscal 2023.
Fiscal 2024 Net income was $6,687, Compared to Net Loss of $1.1 Million in Fiscal 2023.
Basic and Diluted Net Income Per Common Share were $0.00 in Fiscal 2024, Compared to Basic and Diluted Loss Per Common Share of $0.10 in Fiscal 2023.
Gross Proceeds from March, 2025 IPO were $10.0 Million, Before Deducting Underwriting Discounts and Estimated Offering Expenses.
Baiya International Group Inc. (N A S D A Q: BIYA) based in China, has evolved from a job matching service provider into a cloud-based internet platform to provide one-stop crowdsourcing recruitment and SaaS-enabled HR solutions on the Gongwuyuan Platform to supplement its offline job matching services. BIYA started to position itself as a SaaS-enabled HR technology company by introducing its Gongwuyuan Platform in the flexible employment marketplace.
BIYA has been and will continue to strategically develop and improve the Gongwuyuan Platform with product features that work together with its traditional offline service model to improve the job matching and HR related services in the flexible employment marketplace.
Brand Momentum Post-IPO, Forecast of 2025 Full-Year Revenue to Exceed RMB 300 Million with More Than RMB 25 Million in Profit.
On July 8th BIYA announced that since its successful listing on the Nasdaq in March 2025, the Company has seen a steady rise in brand influence and significant acceleration in business growth. The BIYA core operating entity, Shenzhen Gongwuyuan Network Technology Co., Ltd., is expected to generate over RMB 300 million in revenue and more than RMB 25 million in profit by the end of 2025.
According to BIYA management, the initial public offering ("IPO") has not only attracted the attention of international capital markets but also greatly enhanced the brand credibility and market competitiveness of the Gongwuyuan platform. In recent months, BIYA has achieved concurrent growth in both customer numbers and order volume across its core business areas, including flexible employment, project outsourcing, and digital HR solutions. The Gongwuyuan platform has gained strong recognition among medium- and large-sized enterprise clients, with customer retention and platform engagement continuing to rise.
More on eMusic Wire
BIYA anticipates continued strong growth momentum in the second half of the year, driven by platform upgrades, deep integration of AI technologies in recruitment and job matching, and the structured rollout of a new nationwide channel expansion strategy.
Partial Waiver of IPO Lock-Up Restriction for Certain Shareholders
On June 5th BIYA announced that Cathay Securities, Inc. and Revere Securities LLC, the underwriters of the Company's recent initial public offering of 2,500,000 shares of its ordinary shares, are partially waiving a lock-up restriction with respect to up to 2,950,000 shares of the Company's BIYA ordinary shares held by Datong International Group Ltd., Hesheng International Group Ltd., Hongfeng International Group Ltd., and Yilong International Group Ltd.
The partial waiver took effect on June 5, 2025, with the BIYA shares eligible be sold on or after such date, subject to the terms of such waiver. The lock-up period will continue to apply with respect to all remaining shares subject to the lock-up agreements entered with the underwriters of the BIYA initial public offering.
Fiscal Year 2024 Financial Results
On May 13th BYIA announced its financial results for the fiscal year ended December 31, 2024.
Ms. Siyu Yang, Chief Executive Officer of BIYA, commented, "We are pleased to report a resilient performance for fiscal year 2024, reflecting our determined efforts to navigate China's evolving recruitment market. We achieved a remarkable revenue growth of 10.7% despite slow economic recovery and labor market adjustments, driven by our flexible business strategy with a focus on project outsourcing services. As we see expansion opportunities in the rapidly growing logistics and express delivery sectors, we have been examining postal business tender documents, leading to our successful cooperation with new major customers such as Zhaoqing Branch of China Postal Group Limited. As a result of active business expansion among postal companies, revenue from project outsourcing increased by 26.6%, accounting for 99.7% of our total revenue."
Ms. Yang of BIYA continued, "Our gross profit grew by 75.4%, underscoring the effectiveness and resilience of our strategic initiatives. At the same time, we took active steps to reduce operating expenses while increasing investment in sales efforts. These measures significantly improved our financial performance, turning a net loss into a positive net income for fiscal year 2024. With such proactive strategies, we believe that we are now better positioned to explore high-margin subsectors that can support a sustainable growth trajectory. Looking ahead, we remain committed to our core strategy while remaining alert to new opportunities as China's economy gradually recovers. We plan to continue to improve the Gongwuyuan Platform to deliver high-quality job matching and HR related services in the flexible employment marketplace."
More on eMusic Wire
BIYA Fiscal Year 2024 Financial Results
Net revenues were $12.8 million in fiscal year 2024, an increase of 10.7% from $11.6 million in fiscal year 2023.
Revenue from project outsourcing service was $12.8 million in fiscal year 2024, an increase of 26.6% from $10.1 million in fiscal year 2023. The increase was primarily due to the outsourcing revenues from the Company's major customers, $3.2 million increase from Zhaoqing Branch of China Postal Group Limited, $1.3 million increase from Guangdong Yingwang Industrial Investment Limited, and $0.7 million increased from Zhongshan Branch of China Postal Express & Logistics Co., Ltd, which was partly offset by $0.5 million decreased from Zhongshan Branch of China Postal Group limited and $2.0 million decreased revenue from Nanchang Jiesite Cleaning and Environmental Protection Limited.
Revenue from other services was $3,050 in fiscal year 2024, an increase of 155.6% from $1,193 in fiscal year 2023. During fiscal year 2024, the revenue generated from other services mainly represents software revenue of $3,050. During fiscal year 2023, the revenue generated from other services mainly represents software revenue of $1,193. In November 2019, Gongwuyuan launched enterprise version of its cloud-based internet platform to provide one-stop crowdsourcing recruitment and SaaS-enabled HR solutions on the Gongwuyuan Platform to supplement its offline services.
Gross profit was $1.4 million in fiscal year 2024, an increase of 75.4% from $0.8 million in fiscal year 2023. The increase was mainly due to the $0.7 million increase in gross profit from project outsourcing service, which was partly offset by the $0.1 million decrease in gross profit from entrusted recruitment service.
Net income was $6,687 in fiscal year 2024, compared to net loss of $1.1 million in fiscal year 2023. The decrease in net loss in 2024 mainly resulted from increased gross profit by $0.6 million, decreased operating expenses by $0.2 million, and decreased other expenses by $0.3 million in fiscal year 2024.
BIYA basic and diluted net income per common share were $0.00 in fiscal year 2024, compared to basic and diluted loss per common share of $0.10 in fiscal year 2023.
Recent Development
On March 24, 2025, BIYA completed its initial public offering of 2,500,000 ordinary shares at a public offering price of $4.00 per share. The gross proceeds were $10.0 million, before deducting underwriting discounts and estimated offering expenses.
For more information on $BIYA visit: www.baiyainc.com
Media Contact:
Company Names: Baiya International Group Inc. (N A S D A Q: BIYA)
Contact: Ms. Siyu Yang, CEO
Email: info@biyainc.com or weilaizhang@baiyainc.com
Phone: +1 (838) 900 - 8888
Country: China
Website: www.baiyainc.com
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website
Positioned to Serve the Gongwuyuan Platform of China in the Flexible Employment Marketplace.
Forecast of 2025 Full-Year Revenue to Exceed RMB 300 Million.
Underwriters of Recent Initial Public Offering of 2,500,000 Ordinary Shares are Partially Waiving a Lock-Up Restriction.
Fiscal 2024 Gross Profit was $1.4 Million, an Increase of 75.4% from $0.8 Million in Fiscal 2023.
Fiscal 2024 Net income was $6,687, Compared to Net Loss of $1.1 Million in Fiscal 2023.
Basic and Diluted Net Income Per Common Share were $0.00 in Fiscal 2024, Compared to Basic and Diluted Loss Per Common Share of $0.10 in Fiscal 2023.
Gross Proceeds from March, 2025 IPO were $10.0 Million, Before Deducting Underwriting Discounts and Estimated Offering Expenses.
Baiya International Group Inc. (N A S D A Q: BIYA) based in China, has evolved from a job matching service provider into a cloud-based internet platform to provide one-stop crowdsourcing recruitment and SaaS-enabled HR solutions on the Gongwuyuan Platform to supplement its offline job matching services. BIYA started to position itself as a SaaS-enabled HR technology company by introducing its Gongwuyuan Platform in the flexible employment marketplace.
BIYA has been and will continue to strategically develop and improve the Gongwuyuan Platform with product features that work together with its traditional offline service model to improve the job matching and HR related services in the flexible employment marketplace.
Brand Momentum Post-IPO, Forecast of 2025 Full-Year Revenue to Exceed RMB 300 Million with More Than RMB 25 Million in Profit.
On July 8th BIYA announced that since its successful listing on the Nasdaq in March 2025, the Company has seen a steady rise in brand influence and significant acceleration in business growth. The BIYA core operating entity, Shenzhen Gongwuyuan Network Technology Co., Ltd., is expected to generate over RMB 300 million in revenue and more than RMB 25 million in profit by the end of 2025.
According to BIYA management, the initial public offering ("IPO") has not only attracted the attention of international capital markets but also greatly enhanced the brand credibility and market competitiveness of the Gongwuyuan platform. In recent months, BIYA has achieved concurrent growth in both customer numbers and order volume across its core business areas, including flexible employment, project outsourcing, and digital HR solutions. The Gongwuyuan platform has gained strong recognition among medium- and large-sized enterprise clients, with customer retention and platform engagement continuing to rise.
More on eMusic Wire
- Dr. Sheel Desai Solomon and Preston Dermatology Continue Awards Streak with Top Honors in 2026 Maggy Awards
- Jack and Sage Acquires Sustainable Apparel Brand Kastlfel, Expanding Premium Logo Wear Across National Parks and Ski Resorts
- 7th Annual Waco Family & Faith International Film Festival Celebrates Music in Movies and Empowers The Community
- Cancun International Airport Prepares for Record Travel Surge Ahead of Spring Break, Summer, and the 2026 High Season
- $167 Billion Pharma R&D Market Largely Untapped by AI Creates Major Growth Runway for KALA Bios Data-Sovereign AI Strategy: N A S D A Q: KALA
BIYA anticipates continued strong growth momentum in the second half of the year, driven by platform upgrades, deep integration of AI technologies in recruitment and job matching, and the structured rollout of a new nationwide channel expansion strategy.
Partial Waiver of IPO Lock-Up Restriction for Certain Shareholders
On June 5th BIYA announced that Cathay Securities, Inc. and Revere Securities LLC, the underwriters of the Company's recent initial public offering of 2,500,000 shares of its ordinary shares, are partially waiving a lock-up restriction with respect to up to 2,950,000 shares of the Company's BIYA ordinary shares held by Datong International Group Ltd., Hesheng International Group Ltd., Hongfeng International Group Ltd., and Yilong International Group Ltd.
The partial waiver took effect on June 5, 2025, with the BIYA shares eligible be sold on or after such date, subject to the terms of such waiver. The lock-up period will continue to apply with respect to all remaining shares subject to the lock-up agreements entered with the underwriters of the BIYA initial public offering.
Fiscal Year 2024 Financial Results
On May 13th BYIA announced its financial results for the fiscal year ended December 31, 2024.
Ms. Siyu Yang, Chief Executive Officer of BIYA, commented, "We are pleased to report a resilient performance for fiscal year 2024, reflecting our determined efforts to navigate China's evolving recruitment market. We achieved a remarkable revenue growth of 10.7% despite slow economic recovery and labor market adjustments, driven by our flexible business strategy with a focus on project outsourcing services. As we see expansion opportunities in the rapidly growing logistics and express delivery sectors, we have been examining postal business tender documents, leading to our successful cooperation with new major customers such as Zhaoqing Branch of China Postal Group Limited. As a result of active business expansion among postal companies, revenue from project outsourcing increased by 26.6%, accounting for 99.7% of our total revenue."
Ms. Yang of BIYA continued, "Our gross profit grew by 75.4%, underscoring the effectiveness and resilience of our strategic initiatives. At the same time, we took active steps to reduce operating expenses while increasing investment in sales efforts. These measures significantly improved our financial performance, turning a net loss into a positive net income for fiscal year 2024. With such proactive strategies, we believe that we are now better positioned to explore high-margin subsectors that can support a sustainable growth trajectory. Looking ahead, we remain committed to our core strategy while remaining alert to new opportunities as China's economy gradually recovers. We plan to continue to improve the Gongwuyuan Platform to deliver high-quality job matching and HR related services in the flexible employment marketplace."
More on eMusic Wire
- Lighthouse Tech Awards Recognize Top HR Technology Providers for 2026
- ADB Selects OneVizion to Advance Field Execution and Infrastructure Program Management
- Memelinked Social Media powered by cryptocurrency launching July 2026
- Seven-Year-Old Toronto Dancer Julianna Selivanov Wins Nine Medals at Quebec Championship and Reaches Finals at UK Dance Festival
- The Reckless Unleash Blistering New Single "OBLIVION"
BIYA Fiscal Year 2024 Financial Results
Net revenues were $12.8 million in fiscal year 2024, an increase of 10.7% from $11.6 million in fiscal year 2023.
Revenue from project outsourcing service was $12.8 million in fiscal year 2024, an increase of 26.6% from $10.1 million in fiscal year 2023. The increase was primarily due to the outsourcing revenues from the Company's major customers, $3.2 million increase from Zhaoqing Branch of China Postal Group Limited, $1.3 million increase from Guangdong Yingwang Industrial Investment Limited, and $0.7 million increased from Zhongshan Branch of China Postal Express & Logistics Co., Ltd, which was partly offset by $0.5 million decreased from Zhongshan Branch of China Postal Group limited and $2.0 million decreased revenue from Nanchang Jiesite Cleaning and Environmental Protection Limited.
Revenue from other services was $3,050 in fiscal year 2024, an increase of 155.6% from $1,193 in fiscal year 2023. During fiscal year 2024, the revenue generated from other services mainly represents software revenue of $3,050. During fiscal year 2023, the revenue generated from other services mainly represents software revenue of $1,193. In November 2019, Gongwuyuan launched enterprise version of its cloud-based internet platform to provide one-stop crowdsourcing recruitment and SaaS-enabled HR solutions on the Gongwuyuan Platform to supplement its offline services.
Gross profit was $1.4 million in fiscal year 2024, an increase of 75.4% from $0.8 million in fiscal year 2023. The increase was mainly due to the $0.7 million increase in gross profit from project outsourcing service, which was partly offset by the $0.1 million decrease in gross profit from entrusted recruitment service.
Net income was $6,687 in fiscal year 2024, compared to net loss of $1.1 million in fiscal year 2023. The decrease in net loss in 2024 mainly resulted from increased gross profit by $0.6 million, decreased operating expenses by $0.2 million, and decreased other expenses by $0.3 million in fiscal year 2024.
BIYA basic and diluted net income per common share were $0.00 in fiscal year 2024, compared to basic and diluted loss per common share of $0.10 in fiscal year 2023.
Recent Development
On March 24, 2025, BIYA completed its initial public offering of 2,500,000 ordinary shares at a public offering price of $4.00 per share. The gross proceeds were $10.0 million, before deducting underwriting discounts and estimated offering expenses.
For more information on $BIYA visit: www.baiyainc.com
Media Contact:
Company Names: Baiya International Group Inc. (N A S D A Q: BIYA)
Contact: Ms. Siyu Yang, CEO
Email: info@biyainc.com or weilaizhang@baiyainc.com
Phone: +1 (838) 900 - 8888
Country: China
Website: www.baiyainc.com
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website
Source: CorporateAds
0 Comments
Latest on eMusic Wire
- Tobu Group's "T-home Series" of Accommodations in Tokyo Just Opened "T-home KEI."
- Custom Wooden Token Manufacturer Celebrates 10 Years of Helping Brands Stay Top of Mind
- NaturismRE Launches the NRE Health Institute to Advance Evidence-Informed Public Health Research
- P-Wave Classics to publish Robert Bage's Hermsprong in three volumes, beginning 12 May
- Hayes Greenfield's - Painting in Sound, To Be Released On Sunnyside Records May 15th, 2026
- Progressive Dental & The Closing Institute Partner with Zest Dental Solutions to Elevate Full-Arch Growth and Patient Outcomes
- Kilmaine Saints to Record Live Album at XL Live
- CCHR: While Damaging Antipsychotics Win Approval, Proven Non-Drug Alternatives Remain Ignored
- Arcuri Group Announces Long‑Term Partnership with WakeMed Health & Hospitals to Deliver Situational Awareness and De‑escalation Training
- New Rock Music Release "Groove Train"
- Seth Neblett's Mothership Connected: Focuses on P-Funk's Women as Mothership Celebrates 50 Years
- At 25, She Became One of the Youngest AAPI Female Founders to Win One of the World's Most Prestigious Design Awards for a Lamp That Makes You Smile
- Juego Studios Extends Full-Cycle Game Development & Outsourcing Capabilities to the UAE Market
- Composer Aidan Vass Releases Cleome, a Generative Ambient Music Engine for Spas and Wellness Centers
- Unlocking The Flow With Keez MC #KeezMC @KeezMC
- VENUS Goes Live on CATEX Exchange As UK Financial Ltd Activates The Premier Division Of The Maya Meme's League
- Atlanta Tech Founder Seeks Clarity on Intellectual Property and Innovation Policy
- The Raiders House Band Wins Prestigious Clio Sports Award for Game Day Innovation
- Songwriter David Hays Announces New EP American Dream Following Nationwide Radio Momentum
- Purple Heart Recipient Honored by Hall of Fame Son In Viral Tribute Sparking National Conversation on Service Fatherhood, Healing and Legacy