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WYHG

Wing Yip Food Holdings Group Limited American Depositary Shares

WYHG

Wing Yip Food Holdings Group Limited American Depositary Shares • NASDAQ
$0.91 ▲ 7.36% (+0.06)
Market Cap $45.98 M
52w High $12.00
52w Low $0.63
Dividend Yield 0%
P/E 6.53
Volume 9.50K
Outstanding Shares 50.33M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $48.497B ▼ $9.867B ▲ $2.789B ▼ 5.75% ▼ $55.42 ▼ $5.689B ▼
Q1-2025 $50.404B ▼ $9.43B ▲ $3.496B ▲ 6.935% ▲ $69.5 ▲ $7.535B ▲
Q4-2024 $57.528B ▲ $0 $327.339M ▼ 0.569% ▼ $6.5 ▼ $6.086B ▲
Q3-2024 $48.499B ▲ $0 $2.639B ▼ 5.442% ▼ $54.99 ▼ $4.968B ▼
Q2-2024 $48.126B $0 $5.409B 11.24% $112.8 $7.065B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $109.37M ▲ $206.261M ▲ $41.581M ▲ $164.68M ▲
Q1-2025 $97.701M ▲ $201.702M ▲ $41.12M ▲ $160.582M ▲
Q4-2024 $87.928M ▼ $193.491M ▼ $37.746M ▼ $155.745M ▼
Q3-2024 $112.806M ▲ $202.329M ▲ $46.108M ▲ $156.221M ▲
Q2-2024 $104.152M $188.367M $41.478M $146.889M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $1.972M ▼ $10.057M ▲ $0 $-2.038M ▼ $11.979M ▲ $10.057M ▲
Q1-2025 $2.819M ▲ $5.915M ▲ $0 ▲ $4.972M ▼ $9.779M ▲ $5.915M ▲
Q4-2024 $-316.125K ▼ $-8.431M ▼ $-9.167M ▼ $5.468M ▲ $-23.073M ▼ $-18.521M ▼
Q3-2024 $2.894M ▼ $4.452M ▼ $-42.672K ▲ $-171.851K ▲ $8.611M ▼ $4.451M ▼
Q2-2024 $3.574M $11.33M $-891.569K $-1.111M $9.128M $11.318M

Five-Year Company Overview

Income Statement

Income Statement Wing Yip shows a clear pattern of sales growth over the last several years, with revenue climbing steadily each year. Gross profit has also risen, which means the core business remains healthy. However, operating profit and net profit have been more or less flat, even dipping from the peak a few years ago. This suggests that as the company grows, it is spending more on things like marketing, distribution, staff, or other overheads, which is preventing profit from scaling as fast as sales. The earnings-per-share history is distorted by pre-IPO share structure changes, so it should be treated as noisy rather than a clean trend indicator.

Balance Sheet

Balance Sheet The balance sheet looks conservative and fairly straightforward. Total assets have inched up over time, and cash represents a meaningful share of those assets, which gives the business some financial flexibility. Debt is low and has stayed low, while equity has built up gradually, implying that growth has mostly been funded through retained profits rather than aggressive borrowing. Overall, the company appears to be run with a cautious financial posture and modest leverage, which can help resilience in industry downturns but may also limit the speed of expansion without external capital (hence the recent IPO).

Cash Flow

Cash Flow Wing Yip consistently generates cash from its operations, which is a positive signal about the underlying quality of earnings. Free cash flow has been choppier, sometimes close to break-even or slightly negative, largely because the company spends on new facilities and equipment. This pattern—steady operating cash and lumpy investment—fits a business that is actively reinvesting to support future growth rather than maximizing short-term cash. Cash balances have remained relatively stable despite this, suggesting that management has kept investment roughly in line with what the business can sustain.

Competitive Edge

Competitive Edge The company operates from a strong base in China’s cured and processed meat market, backed by a brand heritage going back more than a century. Independent market research places it among the leaders in retail sales for cured meat, giving it scale advantages in purchasing, branding, and shelf space. Its products reach consumers through many channels, including distributors, self-operated stores, supermarkets, and e-commerce platforms across numerous provinces, which reduces reliance on any single route to market. Key risks around this position include intense competition in packaged foods, changing consumer tastes, input cost volatility for meats and seasonings, and the ever-present sensitivity to food safety issues in China.

Innovation and R&D

Innovation and R&D Wing Yip focuses its innovation on new products, flavors, and formats rather than on highly visible proprietary technology. It introduces dozens of new products each year, indicating a nimble development process and close attention to consumer preferences. The portfolio spans traditional cured meats, snacks aimed at younger consumers, and frozen products for convenience. Recent moves include building an in-house quality testing center, which both strengthens food safety credentials and may become a new service business over time. Management has also signaled interest in health-oriented and possibly plant-based offerings, using IPO proceeds to modernize production lines. Together, this points to a company trying to stay ahead of shifts toward snacking, health, and trust in quality.

Summary

Wing Yip Food Holdings Group combines a long-established brand and solid market position in China’s processed meat segment with steady top-line growth and conservative finances. Revenue and gross profit have trended up, but rising costs have kept profit growth muted, making efficiency and cost control an important area to watch. The balance sheet is lean and low in debt, while operating cash flow is consistently positive, supporting ongoing reinvestment in production capacity and quality systems. Strategically, the company is leaning into product innovation, channel diversity, and food safety differentiation, with particular emphasis on snacks, younger consumers, and potential health-focused products. Future performance will hinge on its ability to convert that innovation and brand strength into faster profit growth while navigating competitive pressure, evolving diets, and regulatory expectations in China’s food market.