UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2025

 

Commission File Number: 001-42407

 

Wing Yip Food Holdings Group Limited

 

No.9, Guanxian North Rd

Huangpu Town, Zhongshan City

Guangdong, China 528429

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒           Form 40-F ☐

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Financial Condition and Results of Operations

 

On August 28, 2025, Wing Yip Food Holdings Group Limited, a company with limited liability incorporated in Hong Kong (the “Company”), released its interim report, including the related unaudited and unreviewed consolidated financial statements of the Company, for the six months ended June 30, 2025 (the “Interim Report”).

 

The Interim Report and accompanying consolidated interim financial statements are unreviewed and unaudited and have been prepared solely by the Company’s management pursuant to the rules and regulations of the U.S. Securities and Exchange Commission for interim financial reporting. Accordingly, these unaudited and unreviewed financial statements may not include all disclosures required by U.S. GAAP for interim financial statements.

 

EXHIBIT INDEX

 

Exhibit No   Description
99.1   Interim report of the Company for the six months ended June 30, 2025

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  WING YIP FOOD HOLDINGS GROUP LIMITED
     
  By: /s/ Xiantao Wang
    Xiantao Wang
    Director and Chairman of the Board

 

Date: August 28, 2025

 

2

Exhibit 99.1

 

WING YIP FOOD HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Expressed in U.S. Dollars, except for the number of shares)

 

   As of
June 30,
2025		   As of
December 31,
2024		 
ASSETS        
CURRENT ASSETS:        
Cash and cash equivalents  $109,369,559   $87,927,726 
Restricted cash   1,196,047    880,358 
Accounts receivable, net   9,110,950    7,768,381 
Inventories   4,487,120    8,456,295 
Prepaid expenses and other current assets   4,830,631    7,779,378 
TOTAL CURRENT ASSETS  $128,994,307   $112,812,138 
           
NON-CURRENT ASSETS:          
Property, plant and equipment, net  $76,249,787   $79,568,773 
Intangible assets, net   43,913    47,094 
Land-use rights, net   603,013    605,343 
Right-of-use assets   261,061    300,664 
Other non-current assets   109,263    157,076 
TOTAL NON-CURRENT ASSETS  $77,267,037   $80,678,950 
TOTAL ASSETS  $206,261,344   $193,491,088 
           
LIABILITIES          
CURRENT LIABILITIES:          
Short-term loans  $5,583,785   $6,712,972 
Long-term loans   13,826,847    10,506,144 
Accounts payable   9,318,029    8,095,509 
Notes payable   3,986,822    2,934,527 
Deferred income   39,186    46,874 
Accrued expenses and other payables   2,245,186    3,195,138 
Taxes payable   405,503    3,603 
Lease liabilities   92,078    87,648 
TOTAL CURRENT LIABILITIES  $35,497,436   $31,582,415 
           
NON-CURRENT LIABILITIES:          
Long-term loans  $4,386,204   $4,335,336 
Lease liabilities   237,425    278,282 
Deferred tax liabilities   1,459,880    1,550,063 
TOTAL NON-CURRENT LIABILITIES  $6,083,509   $6,163,681 
TOTAL LIABILITIES  $41,580,945   $37,746,096 
           
COMMITMENTS AND CONTINGENCIES (NOTE 19)   —    — 
           
SHAREHOLDERS’ EQUITY          
Ordinary shares (No par value; 50,330,928 and 50,023,428 shares issued and outstanding as of June 30, 2025 and December 31, 2024)  $-   $- 
Additional paid-in capital   44,078,172    42,997,303 
Statutory reserve   12,087,066    12,087,066 
Accumulated other comprehensive loss   (6,244,578)   (9,307,406)
Retained earnings   114,759,739    109,968,029 
TOTAL SHAREHOLDERS’ EQUITY  $164,680,399   $155,744,992 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $206,261,344   $193,491,088 

 

F-1

 

 

WING YIP FOOD HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Expressed in U.S. Dollars, except for the number of shares)

 

   For the six months ended
June 30,		 
   2025   2024 
Revenue  $70,113,334   $68,628,167 
Cost of revenue   (48,759,252)   (44,640,292)
Gross profit   21,354,082    23,987,875 
           
Operating expenses:          
Selling expenses   (9,018,638)   (9,969,783)
General and administrative expenses   (3,599,484)   (1,835,460)
Research and development expenses   (2,050,984)   (1,996,454)
Total operating expenses   (14,669,106)   (13,801,697)
           
Other income (expenses):          
Interest income   49,537    96,257 
Interest expenses   (541,770)   (548,663)
Other income, net   252,522    8,514 
Other expense, net   (972,418)   (335,465)
Exchange Gain (loss)   1,181    (15,208)
Total other expenses, net   (1,210,948)   (794,565)
           
Income before income tax   5,474,028    9,391,613 
Income tax expenses   (682,318)   (511,672)
Net income  $4,791,710   $8,879,941 
           
Other comprehensive income          
Foreign currency translation adjustments, net of tax   (3,062,828)   3,357,183 
Comprehensive income  $1,728,882   $12,237,124 
           
Earnings per share, basic and diluted  $0.10   $0.19 
           
Weighted average number of shares   50,164,962    47,973,428 

 

F-2

 

 

WING YIP FOOD HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed in U.S. Dollars, except for the number of shares)

 

   For the six months ended
June 30,		 
   2025   2024 
Cash flows from operating activities:        
Net income  $4,791,710   $8,879,941 
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Depreciation of property, plant and equipment   2,959,616    2,041,130 
Written off property, plant and equipment   942,224    267,673 
Allowance for credit losses   -    3,682 
Amortization of intangible assets   4,024    4,499 
Amortization of land use right   13,628    13,699 
Amortization of right-of-use asset   44,742    1,554 
Deferred income taxes   (90,183)   (34,243)
Changes in operating assets and liabilities:          
Accounts receivable   (1,342,569)   (1,050,172)
Inventories   3,969,175    2,216,516 
Prepaid expenses and other current assets   2,948,747    45,132 
Other non-current assets   47,813    6,444 
Accounts payable   1,222,520    6,173,326 
Notes payable   1,052,295    - 
Deferred revenue   (7,688)   (9,961)
Taxes payable   401,900    (549,033)
Lease liabilities   (36,427)   (46,482)
Accrued expenses and other payables   (949,952)   (1,052,254)
Net cash provided by operating activities   15,971,575    16,911,451 
           
Cash flows from investing activities:          
Purchase of property, plant and equipment   -    (11,581)
Purchase of intangible assets   -    (550)
Net cash used in investing activities   -    (12,131)
           
Cash flows from financing activities:          
Proceeds from short-term loans   2,512,703    1,788,860 
Proceeds from long-term loans   4,187,839    380,096 
Repayment of short-term loans   (3,769,055)   (1,926,464)
Repayment of long-term loans   (1,078,368)   (1,077,623)
Deferred offering costs   -    (417,826)
Issuance of ordinary shares, net of offering costs   1,080,868    - 
Net cash (used in) provided by financing activities   2,933,987    (1,252,957)
           
Effect of exchange rate changes on cash held in foreign currencies   2,851,960    (2,121,674)
Net increase in cash   21,757,522    13,524,689 
Cash at beginning of the year   88,808,084    90,963,594 
Cash at end of the year  $110,565,606   $104,488,283 
           
Supplemental disclosures of cash flows information:          
Cash paid for income taxes   677,899    3,590,131 
Cash paid for interest expense   532,852    507,699 

 

F-3