Revenue and Profit - Total revenue for the six months ended June 30, 2025, was $70,113,334, an increase from $68,628,167 in the same period of 2024, representing a growth of 2.1%[3] - Gross profit decreased to $21,354,082 for the six months ended June 30, 2025, compared to $23,987,875 in 2024, reflecting a decline of 10.9%[3] - Net income for the six months ended June 30, 2025, was $4,791,710, down from $8,879,941 in 2024, indicating a decrease of 46.0%[3] - Earnings per share decreased to $0.10 for the six months ended June 30, 2025, down from $0.19 in 2024, a decline of 47.4%[3] Assets and Liabilities - Total current assets increased to $128,994,307 as of June 30, 2025, compared to $112,812,138 as of December 31, 2024, marking a rise of 14.3%[2] - Total liabilities rose to $41,580,945 as of June 30, 2025, up from $37,746,096 as of December 31, 2024, an increase of 7.3%[2] - Total shareholders' equity increased to $164,680,399 as of June 30, 2025, from $155,744,992 as of December 31, 2024, reflecting a growth of 5.9%[2] Cash Flow and Expenses - Cash and cash equivalents increased to $109,369,559 as of June 30, 2025, compared to $87,927,726 as of December 31, 2024, reflecting a growth of 24.3%[2] - Operating expenses for the six months ended June 30, 2025, totaled $14,669,106, an increase from $13,801,697 in 2024, representing a rise of 6.3%[3] - The company reported a net cash provided by operating activities of $15,971,575 for the six months ended June 30, 2025, compared to $16,911,451 in 2024, a decrease of 5.6%[6]
Wing Yip Food(WYHG) - 2025 Q2 - Quarterly Report