Hi-Great Group Reports 38% Revenue Decline and Increased Operating Losses for Nine Months Ending September 30, 2025

Hi-Great Group Holding Company has reported its financial results for the nine months ending September 30, 2025, revealing a significant decline in revenue and an increase in operating losses compared to the same period in the previous year. The company generated sales of $34.5 million, a decrease of 38% from $55.7 million in the prior year. Gross profit also fell to $13.9 million from $27.7 million, reflecting the challenges faced in maintaining profitability amid rising operational costs. The net loss for the period was $44.3 million, slightly higher than the loss of $43 million reported for the same period in 2024.

The company's balance sheet as of September 30, 2025, shows total assets of $72.3 million, down from $86.9 million at the end of 2024. Current liabilities increased to $277.3 million from $249.7 million, primarily due to higher accounts payable and accrued expenses. The stockholders' deficit widened to $205 million, compared to $163.2 million at the end of the previous fiscal year, indicating ongoing financial strain. The company’s cash position improved, with cash and cash equivalents rising to $8 million from $2.1 million, attributed to better cash management and financing activities.

Operationally, Hi-Great Group has not reported significant changes in customer counts or user statistics, and there are no new product launches or acquisitions noted in the filing. The company continues to focus on its core business of selling herbal supplements, which it sources from SellaCare, Inc., a related party. The company has also maintained its employee headcount at approximately 102.5 million shares outstanding, reflecting a slight increase in common stock issued during the period.

The filing indicates that the company is in a development stage and is actively seeking additional funding to support its operations. Management has expressed optimism about raising capital through equity financing, although it acknowledges the uncertainty surrounding its ability to do so. The ongoing impact of market conditions, including the lingering effects of the COVID-19 pandemic, continues to pose challenges to the company's growth and operational stability. Looking ahead, Hi-Great Group aims to enhance its product offerings and improve its financial position, but the path forward remains contingent on successful capital formation and market acceptance of its products.