BIYA customer map: FY2026 contributors, commercial posture, and investor implications

Baiya International Group Inc. operates a China-focused labor services platform that sells job-matching, entrusted recruitment, project outsourcing and labor-dispatch solutions to enterprises and public organizations, monetizing through service fees and contracted staffing arrangements. Its revenue base in FY2026 is a mosaic of regional HR outsourcers, logistics providers and manufacturing customers, generating modest, project- and contract-level receipts rather than large, single-account annuities. For a concise gateway to the company profile and filings, visit https://nullexposure.com/.

What investors need to know up front

BIYA’s commercial model is service-led and transaction-weighted: revenues are earned from placement, dispatch and outsourcing contracts that scale with headcount and project volumes rather than license or subscription pricing. Financially, the company shows positive top-line momentum (quarterly revenue growth +53.2% YoY) but persistent unprofitability (negative EBITDA and diluted EPS). Market capitalization is small relative to revenue, and institutional ownership is negligible, which amplifies liquidity and governance scrutiny for investors.

Key operating characteristics to factor into valuation and risk assessment:

• Contracting posture: a mix of short-to-medium term commercial contracts and project work; revenue responsiveness to client activity is high.
• Customer concentration: revenue is dispersed across many regional counterparties with no single reported customer dominating the top line, though a handful of clients contribute materially at the margin.
• Criticality to customers: services are operationally important (staffing and logistics support) but not systemically mission-critical in the way enterprise software might be.
• Maturity: the company is in an early commercial stage—generating revenue growth but negative margins—so scale and margin improvement are primary near-term objectives.

For a tidy snapshot of relationships and documented contributions in FY2026, see the customer breakdown below. If you want an organized view of BIYA’s ecosystem and corporate disclosures, visit https://nullexposure.com/ for additional company dossiers.

Customer-by-customer breakdown (FY2026 disclosures)

The following summaries reflect the FY2026 disclosures published via a PR Newswire release carried on The Manila Times on May 1, 2026.

• China Postal Express & Logistics Co., Ltd - Sihui City Branch
  BIYA reported a $0.6 million increase in revenue tied to services for the Sihui City Branch, signaling stronger engagement with localized postal/logistics operations in FY2026. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

• Dongguan Great Wall Development Technology Co., Ltd.
  The company recorded a $0.2 million contribution from this Dongguan-based development/technology firm, reflecting modest project or staffing work in the region. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

• Dongguan Jiefeng Information Technology Co., Ltd.
  Revenue from Dongguan Jiefeng decreased by $0.4 million, indicating either contract ramp-downs or lower project throughput with this IT services client in FY2026. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

• Dongguan Santong Human Resources Management Co., Ltd.
  BIYA disclosed a $0.3 million contribution from Santong, consistent with its core business of supplying outsourcing and HR services to regional human-resources firms. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

• Dongguan Zhaofeng Human Resources Co., Ltd.
  This counterparty contributed $0.2 million, another small but incremental revenue line consistent with BIYA’s strategy of working with local HR operators. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

• Gansu Detian Human Resources Co., Ltd.
  Gansu Detian accounted for $0.2 million of FY2026 revenue, extending BIYA’s geographic footprint into interior provinces through HR outsourcing relationships. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

• Guangdong Dingsheng Human Resources Co., Ltd
  The company reported a $0.2 million increase from Guangdong Dingsheng, underlining steady, small-scale recruitment and dispatch engagements in Guangdong province. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

• Songjia Precision Technology (Dongguan) Co., Ltd.
  BIYA registered a $0.7 million increase in revenue from Songjia Precision Technology, a notable manufacturing customer contribution that points to demand for labor services in Dongguan’s precision manufacturing sector. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

• Suzhou Tengyu Outsourcing Services Co., Ltd.
  Suzhou Tengyu delivered $0.2 million in FY2026 revenue, demonstrating BIYA’s engagement with outsourcing providers in Jiangsu/Suzhou industrial corridors. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

• Zhaoqing Runzhongyi Logistics Services Co., Ltd.
  This logistics services partner produced a $1.8 million increase, the largest single reported contribution among disclosed customers and a material driver of FY2026 growth. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

• Zhongshan Branch of China Postal Group Limited
  Revenue associated with the Zhongshan Branch decreased by $1.6 million, representing a significant negative swing and highlighting revenue volatility tied to large local public-sector or quasi-public clients. Source: PR Newswire via The Manila Times, May 1, 2026 (FY2026 results).

Company-level constraints and operating signals

The provided customer data set did not include explicit contractual constraints or special-condition excerpts. At the company level, the observable signals are:

• Low institutional ownership (≈0.03%) and small market capitalization increase governance and liquidity risk for investors.
• Revenue fragmentation across many small contracts, with several customers contributing increments of $0.2–$0.7 million and two larger swings at $1.8M (increase) and -$1.6M (decrease); this structure implies revenue volatility tied to account-level wins and losses.
• Margin and maturity profile: BIYA is revenue-growing but loss-making (negative EBITDA and EPS), consistent with an early commercial growth phase that requires scaling to achieve operating leverage.

Investment implications and risk framework

BIYA’s FY2026 customer disclosures reveal a business that scales through many small commercial relationships and occasional larger logistics/manufacturing clients. That commercial mix generates both upside (a sizable $1.8M logistics account) and downside (a $1.6M decline from a postal branch) within a single reporting period.

Primary considerations for investors:

• Revenue volatility risk: account-level swings can materially move reported revenue given the company’s size—monitor client churn and contract renewal cadence closely.
• Execution and scale path: margin improvement depends on scaling current accounts and securing a more predictable recurring base rather than one-off project gains.
• Governance and liquidity: minimal institutional ownership and small market cap require attention to dilutive financing needs and the risk of episodic share-price volatility.

Investors focused on operationally exposed service providers should weigh BIYA’s top-line growth and localized client wins against concentrated account swings and persistent unprofitability.

For a structured dossier of BIYA disclosures and a concise investor-facing summary, visit https://nullexposure.com/.