HONG YUAN HOLDING GROUP

HGYNdata completeness 75%9 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'interestExpense'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	—	—	—	$245,572¹	$837,753¹
Net income	−$46,276²	−$58,348³	−$154,464⁴	−$98,844⁵	$155,329⁵
Operating cash flow	—	—	−$111,866⁶	−$89,582⁷	−$28,440⁷
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	—	—	$5,983⁸	$38,527⁹	$16,747⁹
Diluted shares	74.6M	74.6M	74.6M	74.6M	74.6M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

−$0.01

your share of equity

Profit it earned you last year

$0.02

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.01 of net worth that earned you $0.02 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

−0% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts