GDHG

MKT CAP:$5M

Golden Heaven Group Holdings Ltd.

Market Cap

$5M

Consumer Cyclical·Leisure·🇨🇳 China·NASDAQ

Consumer Cyc.·Leisure·🇨🇳·NASDAQ

Stock Price

$1.80-$0.04 (-2.17%)

Apr 22, 2026

Company Details

Golden Heaven Group Holdings Ltd., an offshore holding company, engages in the development, construction, management, and operation of urban amusement parks, water parks, amusement projects, and amusement facilities in China. It operates si...

CEO

Jin Xu

IPO Date

Apr 12, 2023

Website

www.jsyoule.com

Key Metrics TTM

Revenue

$38M

-48.9% YoY

Net Income

-$10M

EPS (Diluted)

-$607.80

Free Cash Flow

$16M

Revenue / Share

$47.39

Gross Margin

47.0%

Operating Margin

-18.1%

Net Margin

-27.6%

FCF Margin

42.2%

P/S

0.1x

P/E

—

Earnings Reports

FY 2025

Jan 21, 2026

$15M-31.5%EPS -$10.83

Q4 2025

Jan 21, 2026

$7M-16.2%EPS $0.81

Q2 2025

Mar 30, 2025

$8M-41.0%EPS -$610.97

FY 2024

Jan 27, 2025

$22M-29.7%EPS -$1.17

Q4 2024

Jan 27, 2025

$9M-27.4%EPS -$1.76

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$21M	$15M	$11M
Q4 21	$18M	$12M	$7M
Q2 22	$21M	$15M	$10M
Q4 22	$21M	$15M	$11M
Q2 23	$20M	$14M	$10M
Q4 23	$12M	$5M	$293.3K
Q2 24	$14M	$7M	$4M
Q4 24	$9M	$3M	-$4M
Q2 25	$8M	$3M	-$10M
Q4 25	$7M	$4M	$3M

Valuation

Quarter	P/S	P/E
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	2.5x	7.3x
Q2 23	2.5x	7.4x
Q4 23	13.6x	47.8x
Q2 24	0.9x	3.6x
Q4 24	0.1x	1.5x
Q2 25	33.2x	—
Q4 25	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$5M	$4M
Q4 21	-$10M	-$10M
Q2 22	$6M	$5M
Q4 22	$13M	$13M
Q2 23	$6M	$6M
Q4 23	-$25M	-$33M
Q2 24	-$911.6K	-$924.9K
Q4 24	-$2M	-$2M
Q2 25	$15M	$15M
Q4 25	$4M	$4M

Capital Expenditures

Quarter	CapEx
Q2 21	$505.7K
Q4 21	$399.5K
Q2 22	$52.1K
Q4 22	$223.1K
Q2 23	$0
Q4 23	$8M
Q2 24	$13.2K
Q4 24	$62.3K
Q2 25	$0
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	-2.9%	+2.9%
Q4 23	-34.3%	+9.5%
Q2 24	-33.4%	-1.4%
Q4 24	-59.5%	+18.8%
Q2 25	-59.3%	+88.4%
Q4 25	-39.2%	-65.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q2 21	$4M
Q4 21	$4M
Q2 22	$4M
Q4 22	$5M
Q2 23	$4M
Q4 23	$5M
Q2 24	$4M
Q4 24	$6M
Q2 25	$13M
Q4 25	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$13M	$0	$13M
Q2 22	$11M	$0	$11M
Q4 22	$22M	$0	$22M
Q2 23	$28M	$0	$28M
Q4 23	$245.9K	$0	$245.9K
Q2 24	$129.4K	$0	$129.4K
Q4 24	$20M	$0	$20M
Q2 25	$68M	$0	$68M
Q4 25	$86M	$0	$86M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	3M	—	—
Q4 21	3K	-99.9%	—
Q2 22	3K	0.0%	—
Q4 22	3K	0.0%	—
Q2 23	3K	0.0%	-99.9%
Q4 23	3K	0.0%	0.0%
Q2 24	7K	+152.3%	+152.3%
Q4 24	7K	0.0%	+152.3%
Q2 25	17K	+154.6%	+542.3%
Q4 25	794K	+4460.3%	+29191.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	—	—
Q2 23	—	—
Q4 23	$18.0K	650
Q2 24	$21.3K	650
Q4 24	$13.7K	620
Q2 25	$13.2K	620
Q4 25	$7	1.0M

Revenue / Employee