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YHNAR

YHN Acquisition I Limited Right

YHNAR

YHN Acquisition I Limited Right • NASDAQ
$0.14 ▼ -16.37% (-0.03)
Market Cap $1.11 M
52w High $0.14
52w Low $0.14
Dividend Yield 0%
P/E 0
Volume 11
Outstanding Shares 7.93M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $0 ▼ $518.652K ▲ 0% $-0.02 ▼ $0 ▲
Q2-2025 $0 $668.321K ▲ $-24.75K ▼ 0% $-0.003 ▼ $-668.321K ▼
Q1-2025 $0 $92.418K ▼ $547.299K ▲ 0% $0.09 ▲ $-92.418K ▲
Q4-2024 $0 $179.332K ▲ $520.426K ▲ 0% $0.011 ▲ $-179.332K ▼
Q3-2024 $0 $65.805K $23.722K 0% $0.003 $-65.805K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $63.119M ▲ $63.17M ▲ $1.945M ▲ $-1.799M ▼
Q2-2025 $62.42M ▲ $62.473M ▲ $1.767M ▲ $60.706M ▼
Q1-2025 $537.012K ▼ $62.36M ▲ $1.629M ▲ $60.731M ▲
Q4-2024 $669.25K ▼ $61.809M ▲ $1.625M ▲ $60.184M ▲
Q3-2024 $837.818K $61.227M $1.564M $59.663M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $518.652K ▲ $-136.707K ▲ $0 $184K ▲ $47.293K ▲ $-136.707K ▲
Q2-2025 $-24.75K ▼ $-619.163K ▼ $0 $130K ▲ $-489.163K ▼ $-619.163K ▼
Q1-2025 $547.299K ▲ $-168.238K ▲ $0 $36K ▼ $-132.238K ▲ $-168.238K ▲
Q4-2024 $520.426K ▲ $-228.627K ▼ $0 ▲ $60.059K ▼ $-168.568K ▼ $-228.627K ▼
Q3-2024 $23.722K $-23.978K $-60.3M $61.14M $816.257K $-23.978K

Five-Year Company Overview

Income Statement

Income Statement YHNAR is essentially a shell company today, so its income statement is almost blank. It has no real revenue, no operating business, and only a tiny accounting profit per share. From a fundamentals perspective, this is a pre-revenue vehicle whose future financial profile will depend almost entirely on whether and how the planned merger with Zhejiang Xiaojianren is completed and scaled.

Balance Sheet

Balance Sheet The balance sheet is very small and simple: a modest pool of assets funded by equity, with no reported debt and essentially no cash at this level. This is typical of a SPAC right, which is a contractual claim rather than a full operating entity. There is no sign of financial leverage risk, but there is also no operating asset base yet, so the balance sheet offers limited insight into future strength or weakness.

Cash Flow

Cash Flow Cash flow is effectively flat, with no meaningful operating, investing, or financing activity shown. That means there is currently no cash-generating business behind YHNAR, only a structure that may later hold the merged company. Future cash dynamics will depend on how much money is raised or preserved through the SPAC process and how efficiently the target business can turn user growth into cash earnings.

Competitive Edge

Competitive Edge As of now, YHNAR itself has no competitive position; it is just a financing vehicle. The proposed merger target, Zhejiang Xiaojianren, operates in China’s crowded online fitness and health space, where many platforms compete for users and gym partners. Its edge appears to be a localized, community-focused model that links users directly with fitness venues and trainers, supported by data and AI tools that could deepen user engagement and partner loyalty if executed well. However, it will be competing against much larger tech and sports platforms with more capital and brand recognition.

Innovation and R&D

Innovation and R&D The real innovation story lies with Zhejiang Xiaojianren’s “Xindong” app, which aims to build a digital ecosystem around fitness and broader health. The platform leans on artificial intelligence and data analytics to personalize workouts, connect users to local venues and trainers, and provide usage insights to gyms. This data-driven approach and focus on a holistic “big health” ecosystem could become a differentiator, but the company still needs to prove that these technologies translate into clear user benefits, sticky engagement, and sustainable monetization. Public detail on its R&D depth and proprietary technology is limited, so there is meaningful uncertainty about how defensible its tech advantage really is.

Summary

YHNAR today is not an operating business; it is a SPAC right tied to a planned merger, so its current financial statements mostly show an empty shell with minimal activity. The core investment story, risks, and opportunities all sit in the future combined company, centered on Zhejiang Xiaojianren’s digital fitness and health platform in China. There is an appealing narrative around AI-driven personalization, local network effects, and expansion within a large and growing health market, but also high execution risk, intense competition, and limited public visibility into financial performance. Overall, this is a very early-stage, story-driven situation where outcomes will depend far more on successful merger completion, product adoption, and scaling than on today’s reported numbers.