Baiya International Group
Connects China-based employers, HR partners and blue-collar workers through staffing services and HR software.
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Profile
Provides project outsourcing, entrusted recruitment and job matching, supported by a cloud platform for payroll, contracts and HR administration. The reported business depends on Chinese VIE contracts and third-party HR-service providers, while a pending sale could remove its revenue-generating operation.
Coordinates China-focused blue-collar flexible employment through project outsourcing, entrusted recruitment and job matching. The Gongwuyuan platform links enterprises, HR-service companies and workers, combining job postings with payroll, salary advances, electronic contracts, electronic payslips, direct deposit and HR administration. Project outsourcing, its largest reported service, includes project-based labor assignments such as express-delivery and logistics work.
Operations were concentrated in China, especially the Pearl River Delta and Yangtze River Delta manufacturing regions, and delivery relies on third-party HR-service companies. Baiya controls the PRC operating entities through contractual VIE arrangements rather than equity ownership. A pending sale of the intermediate holding company controlling that chain was not confirmed as complete in the latest reviewed filing; if it closes, the entities that produced all reported revenue would be disposed.
Company facts
Key statistics
Year to date −94.9% · Average volume (30d) 7.4M
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 6 quarters | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.7M | $6.9M | $6.8M | $6.0M | $7.3M | $9.2M | |
| Gross profit | $301.9K | $500.4K | $486.6K | $920.6K | $726.0K | $1.2M | |
| Operating income | −$172.2K | −$546.9K | −$15.8K | $80.2K | −$4.7M | −$4.9M | |
| Net income | −$177.0K | −$840.1K | −$59.6K | $50.8K | −$4.8M | −$4.8M | |
| Diluted EPS | −$0.20 | −$0.97 | −$0.07 | $0.06 | −$5.51 | −$1.00 | |
| Gross margin | 6.4% | 7.3% | 7.2% | 15.3% | 10.0% | 12.7% | |
| Operating margin | -3.7% | -8.0% | -0.2% | 1.3% | -65.1% | -52.6% |
Revenue by product · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $688.9K · Total debt $150.0K · Total assets $27.8M · Shareholders' equity $23.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 2.70M · Float 602.4K · 22.3% free float
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- ManpowerGroup
Staffing, recruitment and RPO contest outsourced workforce programs.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Baiya International Group | $2.26 | +0.22% | $6.0M | — | — | 0.4 | — |
| ManpowerGroup | $62.35 | −0.06% | $2.90B | 28.2 | 15.3 | 0.2 | +7.5% |
| Median | 28.2 | 15.3 | 0.2 | +7.5% |


