Hong Yuan Holding Group (OTCMKTS:HGYN) Posts Quarterly Earnings Results

Hong Yuan Holding Group (OTCMKTS:HGYN) issued its quarterly earnings results on Monday. The company reported $999.00 earnings per share for the quarter, Zacks reports. The firm had revenue of $0.04 million during the quarter. Hong Yuan Holding Group had a negative return on equity of 68.70% and a net margin of 3.97%.

Hong Yuan Holding Group Trading Down 16.2%

Shares of OTCMKTS HGYN opened at $0.03 on Wednesday. Hong Yuan Holding Group has a 52-week low of $0.00 and a 52-week high of $0.24. The firm’s 50 day moving average price is $0.07 and its 200-day moving average price is $0.07.

Hong Yuan Holding Group Company Profile

Hong Yuan Holding Group does not have significant operations. Previously, it was engaged in the development and commercialization of bio-based resins. The company was formerly known as Cereplast, Inc and changed its name to Hong Yuan Holding Group in June 2021. Hong Yuan Holding Group was incorporated in 2001 and is based in Zhengzhou, China.