Yasheng Group

Growth Stage

Multiple myeloma and other cancer treatment

Overview

Raised to Date: Raised: $3,250

Total Commitments ($USD)

Platform

PicMii

Start Date

01/06/2023

Close Date

08/21/2023

Min. Goal

$10,000

Max. Goal

$5,000,000

Min. Investment

$1,000

Security Type

Equity - Common

Series

Pre-Seed

Funding Type

RegCF

Price Per Share

$0.25

Pre-Money Valuation

$44,291,446

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

200

% of Min. Goal

33%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$120

Momentum
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Location

San Jose, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Yasheng Group, with a valuation of $44.3 million, is raising funds on PicMii. The company does business in China, the Philippines, and the US in four business segments, including agriculture & fisheries, biotechnology, mining, and blockchain. The company is raising funds for its biotechnology segment, which is dedicated to nutrition and healthcare products and the development of myeloma and cancer treatments. Huirong Zhang founded Yasheng Group in February 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used to start up the manufacturing and R&D facility, complete QA/QC tests, and launch products into US and international markets.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$14,013,905

$12,548,836

COGS

$10,000,845

$9,308,078

Tax

$0

$0

 

 

Net Income

$3,717,185

$2,991,338

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,752,420

$3,350,375

Accounts Receivable

$996,258

$897,530

Total Assets

$7,862,556

$8,851,512

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/06/2023
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Yasheng Group on PicMii 2023
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Platform: PicMii
Security Type: Equity - Common
Valuation: $44,291,446

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