$WYHG

Wing Yip Food Holdings Group Ltd

CIK:0001999860|SEC Filings

Consolidated Statements of Operations and Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenues	$ 135,192,629	$ 144,629,055	$ 134,068,317
Cost of revenues	(95,666,223)	(99,833,630)	(86,972,132)
Gross profit	39,526,406	44,795,425	47,096,185
Operating expenses:
Selling expenses	(19,407,502)	(19,672,532)	(19,550,604)
General and administrative expenses	(5,404,193)	(4,379,642)	(4,075,896)
Research and development expenses	(4,127,391)	(4,973,452)	(4,250,451)
Total operating expenses	(28,939,086)	(29,025,626)	(27,876,951)
Other income (expenses):
Interest income	84,479	179,412	178,758
Interest expenses	(1,065,858)	(1,064,745)	(995,345)
Other income, net	538,616	58,766	208,908
Other expense, net	(1,027,230)	(2,839,598)	(2,111,109)
Exchange loss	(21,087)	(3,298)	(11,651)
Total other expenses, net	(1,491,080)	(3,669,463)	(2,730,439)
Income before income tax	9,096,240	12,100,336	16,488,795
Income tax expenses	(1,182,352)	(850,633)	(2,478,882)
Net income	7,913,888	11,249,703	14,009,913
Comprehensive income
Foreign currency translation adjustments, net of tax	(7,088,792)	4,188,370	3,831,082
Comprehensive income	$ 825,096	$ 15,438,073	$ 17,840,995
Earnings per share, basic (in Dollars per share)	$ 0.16	$ 0.23	$ 0.29
Earnings per share - diluted (in Dollars per share)	$ 0.16	$ 0.23	$ 0.29
Weighted average number of shares (in Shares)	50,319,976	48,175,620	47,973,428

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 7,913,888	$ 11,249,703	$ 14,009,913
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation of property, plant and equipment	5,740,644	4,418,774	3,016,946
Written off property, plant and equipment	976,665	614,527	2,007,477
Allowance for credit losses	71,499	(43,797)	18,630
Amortization of intangible assets	8,232	9,003	7,402
Amortization of land use right	28,268	27,472	22,933
Amortization of right-of-use asset	188,547	91,368	134,971
Deferred income taxes	179,709	(30,365)	(43,378)
Changes in operating assets and liabilities:
Accounts receivable	971,285	(376,692)	(3,310,188)
Inventories	(1,382,638)	(1,880,144)	1,152,696
Prepaid expenses and other current assets	(26,066,519)	(3,857,006)	1,139,213
Other non-current assets	(19,993)	17,241	30,893
Accounts payable	1,936,768	309,118	671,155
Notes Payable	(2,567,022)	2,934,530
Deferred revenue	(14,699)	(18,621)	(19,737)
Taxes payable	273,294	(853,909)	(859,792)
Lease liabilities	(350,332)	111,330	(124,456)
Accrued expenses and other payables	(1,040,922)	(238,724)	(203,052)
Net cash provided by (used in) operating activities	(13,153,326)	12,483,808	17,651,626
Cash flows from investing activities:
Purchase of property, plant and equipment	(4,540,858)	(10,102,478)	(217,053)
Purchase of intangible assets	(6,720)	(548)	(5,113)
Net cash used in investing activities	(4,547,578)	(10,103,026)	(222,166)
Cash flows from financing activities:
Issuance of ordinary shares, net of offering costs	1,129,944	6,232,872
Proceeds from short-term loans	13,155,825	7,123,971	6,478,964
Proceeds from long-term loans	15,443,795	650,747	4,647,953
Repayment of short-term loans	(9,151,878)	(6,712,972)	(3,802,870)
Repayment of long-term loans	(13,080,751)	(2,880,120)	(591,558)
Deferred offering costs			(605,866)
Net cash provided by financing activities	7,496,935	4,414,498	6,126,623
Effect of exchange rate changes	6,775,569	(8,950,790)	13,817
Net increase (decrease) in cash	(3,428,400)	(2,155,510)	23,569,900
Cash and cash equivalents at beginning of the year	88,808,084	90,963,594	67,393,694
Cash and cash equivalents at end of the year	85,379,684	88,808,084	90,963,594
Supplemental disclosures of cash flows information:
Cash paid for income taxes	1,110,288	2,352,255	5,310,182
Cash paid for interest expense	1,047,746	992,556	923,699
Supplemental disclosures of non-cash information:
Lease liabilities arising from obtaining right-of-use assets	$ 26,030	$ 183,839	$ 15,225

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 85,269,432	$ 87,927,726
Restricted cash	110,252	880,358
Accounts receivable	6,797,096	7,768,381
Inventories	9,838,933	8,456,295
Prepaid expenses and other current assets	30,156,546	7,779,378
TOTAL CURRENT ASSETS	132,172,259	112,812,138
NON-CURRENT ASSETS:
Property, plant and equipment, net	78,840,052	79,568,773
Intangible assets, net	47,602	47,094
Land-use rights, net	603,581	605,343
Right-of-use assets	3,520,386	300,664
Other non-current assets, net	105,570	157,076
TOTAL NON-CURRENT ASSETS	83,117,191	80,678,950
TOTAL ASSETS	215,289,450	193,491,088
CURRENT LIABILITIES:
Short-term loans	11,010,854	6,712,972
Long-term loans	3,818,049	10,506,144
Accounts payable	10,032,277	8,095,509
Notes payable	367,505	2,934,527
Deferred income	32,175	46,874
Accrued expenses and other payables	2,154,216	3,195,138
Taxes payable	276,897	3,603
Lease liabilities	9,765	87,648
TOTAL CURRENT LIABILITIES	27,701,738	31,582,415
NON-CURRENT LIABILITIES:
Long-term loans	13,974,489	4,335,336
Lease liabilities	5,833	278,282
Deferred tax liabilities	1,729,774	1,550,063
TOTAL NON-CURRENT LIABILITIES	15,710,096	6,163,681
TOTAL LIABILITIES	43,411,834	37,746,096
COMMITMENTS AND CONTINGENCIES (NOTE 19)
SHAREHOLDERS’ EQUITY
Ordinary shares (No par value; 50,330,928 and 50,023,428 shares issued and outstanding as of December 31, 2025 and 2024)
Additional paid-in capital	44,127,247	42,997,303
Statutory reserve	13,580,630	12,087,066
Accumulated other comprehensive loss	(2,218,614)	(9,307,406)
Retained earnings	116,388,353	109,968,029
TOTAL SHAREHOLDERS’ EQUITY	171,877,616	155,744,992
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 215,289,450	$ 193,491,088