Baiya International Group Inc. Announces Fiscal Year 2024 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2025
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Source: Newsfilter
Financial Performance: Baiya International Group Inc. reported a 10.7% increase in net revenues to $12.8 million for fiscal year 2024, with gross profit rising by 75.4% and achieving a net income of $6,687, reversing a previous loss of $1.1 million in 2023.
Business Strategy and Growth: The company focused on project outsourcing services, which saw a revenue increase of 26.6%, and plans to enhance its Gongwuyuan Platform to improve job matching and HR services as it navigates China's recovering economy.
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Analyst Views on BIYA
About BIYA
Baiya International Group Inc. is a holding company. The Company conducts all of its operations in China through Shenzhen Gongwuyuan Network Technology Co., Ltd. (Gongwuyuan) and its subsidiaries. Through Gongwuyuan, the Company builds a human resource (HR) technology company utilizing its cloud-based Internet platform to provide one-stop crowdsourcing recruitment and software as a service (SaaS)-enabled HR solutions in the employment marketplace (the Gongwuyuan Platform). Its business focuses on job matching services, entrusted recruitment services, project outsourcing services, and labor dispatching services. The Gongwuyuan Platform offers employment matching services. The Company contracts with domestic labor service companies to access the blue-collar labor to provide recruitment facilitation services to customers and employing companies. It connects its customers and employing companies with the available blue-collar labor from either the Company or the HR service companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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