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Baiya International Group Inc

baiyainc.com

What Do They Do?

Provides project outsourcing, job matching and HR technology services for businesses and institutions seeking flexible workers in China.

How Do They Make Money?

Customers pay for project outsourcing, recruitment and HR services; the company earns revenue as services are carried out over time or when a service is delivered.

revenue
SegmentShareRevenue
Entrusted recruitment service
6.7%
FY2022: 21%
Project outsourcing service
85%
FY2022: 75%
Research and development technical services
8.2%
Other
0.3%

Who Are Their Customers?

Businesses and institutions seeking blue-collar workers are matched through HR service companies; recruitment and outsourcing partners also connect the company with potential employers.

Customers above 10% of revenue, FY2025
of revenue from five customers (18%, 14%, 13%, 11%, 11%)
FY2024: 90% from four customers

Do Revenues Turn Into Profits?

No. It lost $9.5M in FY2025.

Operating income, FY2025
−58% of revenue
▼ Now a loss vs FY2024 ($64.4K, 1%)
Net income, FY2025
−58% of revenue
▲ +108836% (Loss) vs FY2024 (−$8.8K, 0%)
Free cash flow, FY2025
−45% of revenue

How Are They Changing?

Revenue over time
Entrusted recruitment service Project outsourcing service Research and development technical services Other Labor dispatching service Other serivces
$20M$10M$0

Who Do They Compete With?

Competes with ManpowerGroup, Renrui Human Resources, Career International, FSG, Dianmi Network Technology, and Joyowo

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