Hong Yuan Holding Group Files 2023 Annual Report

TL;DR

<b>Hong Yuan Holding Group has submitted its annual 10-K filing for the fiscal year ending December 31, 2023.</b>

AI Summary

HONG YUAN HOLDING GROUP (HGYN) filed a Annual Report (10-K) with the SEC on April 9, 2024. Hong Yuan Holding Group filed its 10-K for the fiscal year ended December 31, 2023. The company is incorporated in Nevada (NV) and operates in the Plastics, Materials, Syn Resins & Nonvulcan Elastomers sector (SIC 2821). Its principal business address is in Zhengzhou City, Henan Province, China. The filing covers the fiscal year from January 1, 2023, to December 31, 2023. The company was formerly known as Cereplast Inc.

Why It Matters

For investors and stakeholders tracking HONG YUAN HOLDING GROUP, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Hong Yuan Holding Group's financial performance and business operations for the fiscal year 2023, offering insights into its market position and future outlook. As a public document, this filing is crucial for investors, analysts, and regulators to assess the company's financial health, strategic direction, and compliance with SEC regulations.

Risk Assessment

Risk Level: — HONG YUAN HOLDING GROUP shows moderate risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate red flags or significant negative developments, indicating a routine disclosure.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-K to understand Hong Yuan Holding Group's performance and strategic initiatives for 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
• 2024-04-09 — Filing Date (FILED AS OF DATE)
• 2023-01-01 — Fiscal Year Start (2023-01-01 2023-12-31)
• 2022-12-31 — Prior Year End (2022-12-31)

Key Players & Entities

• HONG YUAN HOLDING GROUP (company) — COMPANY CONFORMED NAME
• HGYN (company) — tk
• Cereplast Inc (company) — FORMER COMPANY
• NV (regulator) — STATE OF INCORPORATION
• 2821 (company) — STANDARD INDUSTRIAL CLASSIFICATION
• 20231231 (dollar_amount) — CONFORMED PERIOD OF REPORT
• 20240409 (dollar_amount) — FILED AS OF DATE
• 20240408 (dollar_amount) — DATE AS OF CHANGE

FAQ

Industry Context

Hong Yuan Holding Group operates in the plastics, materials, synthetic resins, and non-vulcanized elastomers industry, a sector characterized by manufacturing and material science innovation.

Regulatory Implications

The company is subject to SEC regulations for public companies, requiring annual filings like the 10-K to ensure transparency and compliance with securities laws.

What Investors Should Do

1. Analyze the financial statements within the 10-K for revenue, net income, and other key financial metrics.
2. Review the 'Risk Factors' section to understand potential challenges and uncertainties facing the company.
3. Examine the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' for insights into business performance and strategy.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-09: Filing Date — Date the 10-K was officially filed with the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This filing provides the official annual financial and business overview for Hong Yuan Holding Group.)

SIC Code

Standard Industrial Classification code used to categorize businesses based on their primary activity. (Indicates Hong Yuan Holding Group operates within the plastics and synthetic materials industry.)

Year-Over-Year Comparison

This filing represents the annual report for the fiscal year 2023, following previous filings which would detail prior periods' performance and company evolution.

Key Financial Figures

• $0.001 — Section 12(g) of The Act: Common Stock, $0.001 Par Value Indicate by check mark if t
• $1,330,601, b — common stock held by non-affiliates was $1,330,601, based on 24,640,766 shares of outstanding
• $0.054 — held by non-affiliates, and a price of $0.054 per share. Indicate the number of sha

Filing Documents

• form10-k.htm (10-K) — 460KB
• ex23-1.htm (EX-23.1) — 4KB
• ex31-1.htm (EX-31.1) — 12KB
• ex32-1.htm (EX-32.1) — 8KB
• 0001493152-24-013972.txt (&nbsp;) — 1845KB
• hgyn-20231231.xsd (EX-101.SCH) — 13KB
• hgyn-20231231_cal.xml (EX-101.CAL) — 21KB
• hgyn-20231231_def.xml (EX-101.DEF) — 39KB
• hgyn-20231231_lab.xml (EX-101.LAB) — 113KB
• hgyn-20231231_pre.xml (EX-101.PRE) — 96KB
• form10-k_htm.xml (XML) — 135KB

Business

Business 4 Item 1A

Risk Factors

Risk Factors 8 Item 1B Unresolved Staff Comments 8 Item 2

Properties

Properties 9 Item 3

Legal Proceedings

Legal Proceedings 9 Item 4 Mine Safety Disclosures 9 Part II Item 5 Market For Registrant's Common Equity, Related Stockholder Matters And Issuer Purchases Of Equity Securities 9 Item 6

Selected Financial Data

Selected Financial Data 10 Item 7

Management's Discussion And Analysis Of Financial Condition And Results Of Operations

Management's Discussion And Analysis Of Financial Condition And Results Of Operations 10 Item 7A

Quantitative And Qualitative Disclosures About Market Risk

Quantitative And Qualitative Disclosures About Market Risk 13 Item 8

Financial Statements And Supplementary Data

Financial Statements And Supplementary Data 13 Item 9 Changes In And Disagreements With Accountants On Accounting And Financial Disclosure 13 Item 9A

Controls And Procedures

Controls And Procedures 13 Item 9B Other Information 14 Part III Item 10 Directors And Executive Officers And Corporate Governance 14 Item 11

Executive Compensation

Executive Compensation 15 Item 12

Security Ownership Of Certain Beneficial Owners And Management And Related Stockholder Matters

Security Ownership Of Certain Beneficial Owners And Management And Related Stockholder Matters 16 Item 13 Certain Relationships And Related Transactions, And Director Independence 17 Item 14 Principal Accountant Fees And Services 17 Part IV Item 15 Exhibits And Financial Statement Schedules 18

Signatures

Signatures 19 2 In this annual report the words "we," "us," "our," and the "Company" refer to Hong Yuan Holding Group. FORWARD LOOKING STATEMENTS When used in this report, the words "may," "will," "expect," "anticipate," "continue," "estimate," "project," "intend," and similar expressions are intended to identify forward-looking events, conditions, and financial trends that may affect the Company's future plans of operations, business strategy, operating results, and financial position. Persons reviewing this report are cautioned that any forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties and that actual results may differ materially from those included within the forward-looking statements as a result of various factors. made in this Form 10-K that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent our best judgment as to what may occur in the future. These forward-looking statements include our plans and objectives for our future growth, including plans and objectives related to the consummation of acquisitions and future private and public issuances of our equity and debt securities. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of wh

View Full Filing

View this 10-K filing on SEC EDGAR