#China #Shenzhen #HR Technology #Baiya International #Gongwuyuan Platform

Baiya International Group Inc. Reports Remarkable Fiscal Year 2024 Results

Baiya International Group Inc. (Nasdaq: BIYA), a leading player in human resources technology, recently released its financial results for the fiscal year ending December 31, 2024. Despite the sluggish economic landscape and adjustments in the labor market, Baiya managed to record a commendable revenue increase of 10.7%, achieving net revenues of $12.8 million. This noteworthy growth underscores the company's strategic adaptability in navigating the complexities of China's evolving recruitment industry.

CEO Siyu Yang expressed satisfaction over the company’s performance, highlighting that its flexible business approach, especially in project outsourcing services, played a pivotal role in this success. A significant contributor to this revenue growth was Baiya’s expansion into the logistics and express delivery sectors, demonstrated by new partnerships, including a contract with the Zhaoqing Branch of China Postal Group Limited. The project outsourcing revenues saw a remarkable surge of 26.6%, accounting for an astounding 99.7% of Baiya’s total revenue, clearly indicating the strong market demand for their services.

One of the most impressive achievements in the latest fiscal report was the gross profit, which soared by 75.4% to reach $1.4 million compared to $0.8 million in 2023. These results highlight the effectiveness of Baiya's strategic measures aimed at reducing operating expenses while strategically increasing investments in sales operations.

Following these actions, the company has transformed a previous net loss of $1.1 million into a net income of $6,687 in 2024. Equally important, Baiya is now poised for sustainable growth, focusing on high-margin subsectors that promise long-term profitability.

Looking towards the future, Baiya remains committed to enhancing its Gongwuyuan Platform, which aims to provide superior job matching and HR services in an increasingly flexible employment marketplace. Yang expressed confidence that the company's proactive approach, alongside effective client relationship management, will further solidify its market position and bring value to its shareholders.

Financial Highlights:

• - Net Revenues: $12.8 million, a 10.7% increase from 2023's $11.6 million.
• - Gross Profit: Increased to $1.4 million, reflecting a growth of 75.4%.
• - Net Income: Reported at $6,687, reversing a loss of $1.1 million from 2023.
• - Revenue Breakdown: Project outsourcing service revenue rose to $12.8 million, a notable 26.6% rise from $10.1 million the previous year.

In summary, Baiya International Group Inc. has not only overcome operational challenges but has also set the stage for continued growth. The management’s dedication to expanding its service capability through innovative solutions assures stakeholders of the company’s promising trajectory in the global HR technology market.

Recent Developments:

Moreover, on March 24, 2025, Baiya completed its initial public offering of 2,500,000 ordinary shares at a public offering price of $4.00 per share, raising gross proceeds of $10.0 million, before expenses. Trading under the ticker symbol