Hong Yuan Holding Group (OTC Pink: HGYN) is a China-based supply chain management company that operates wholesale and internet sales of fast-moving consumer goods including food, daily necessities, and electronic products. Revenue is generated through product sales across pre-packaged food, agricultural and by-products, and household goods categories, with operations structured through a VIE arrangement involving Rongcheng (Sichuan) Supply Chain Management Co., Ltd. The company funds the opening of retail stores in Sichuan and Chongqing, China, and as of April 2025 shifted its business model so that store investment funds are recovered as loans from store profits rather than through equity ownership. The company has not generated sustained profits from prior operations, and its independent accountants issued a going concern opinion as disclosed in the 10-K filed May 8, 2026. As of December 31, 2025, there were 202 holders of record. Xudong Li, the majority shareholder, has served as a director and officer since 2020. Administrative offices are maintained in Chengdu under a lease originally expiring April 24, 2026.

Revenue model

Product sales from wholesale and internet distribution of fast-moving consumer goods. As of April 2025, the company also funds store openings and recovers those investments as loans repaid from store profits, replacing a prior equity-stake model.

Products and services

Fast-moving consumer goods: pre-packaged food, agricultural and by-products, household goods, daily necessities, and electronic products. The company also references alcoholic beverage distribution in the context of market analysis in the filing.

Customers and end markets

End consumers reached through physical retail stores in Chongqing and Jiangyou (operational as of the filing) and a Leshan store in site-selection as of December 31, 2024. The model involves recruiting store members and developing consumer loyalty through pricing commitments, quality commitments, and after-sales commitments. Regional service partners source store partners and store members.

Value-chain role

Supply chain manager and wholesale distributor of fast-moving consumer goods. Funds and operationally supports retail store openings; regional service partners handle local store recruitment. Changshunyuan E-commerce (Sichuan) Co., Ltd. is identified as a client of Rongcheng in the filing.

Geographic exposure

Operations in Sichuan Province and Chongqing, China. Administrative offices in Chengdu, Sichuan. Incorporated in the Sichuan Pilot Free Trade Zone. Stock trades on OTC Pink Sheets in the United States under HGYN.

Competitors

Tmall, JD.com

Source: SEC 10-K, filed 2026-05-08

Industry: Plastic Materials, Synth Resins & Nonvulcan Elastomers Peers: CN Energy Group Inc Gulf Resources Inc Baijiayun Group Ltd Lithium & Boron Technology, Inc. Tantech Holdings Ltd