Baiya International Group Inc., an offshore holding company operating primarily in China, has released its actual results for the fiscal year ending December 31, 2024. The company reported net revenues of $12.809 million, showing an increase from the $11.575 million recorded in 2023. Despite the rise in net revenues, Baiya reported a net loss attributable to common shareholders of $1.017 million for 2024, a decrease from the net loss of $1.264 million in 2023. The gross profit for the year 2024 was $1.407 million, which is an improvement compared to the $802,347 achieved in 2023. This increase in gross profit is attributed to the company's efforts in improving productivity and relocating some operational functions to lower-cost areas. Baiya, through its variable interest entity Gongwuyuan, continues to focus on building a human resource technology platform, providing crowdsourcing recruitment and SaaS-enabled HR solutions. The company anticipates that professional and consulting expenses will remain high due to a proposed initial public offering.