Golden Sun Technology Group Ltd. GSUN
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
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Dividend yield—
Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $35.5M | $6.1M | $2.6M | $10.81B | $15.0M | $7.7M | — |
| Cost of revenue | $34.7M | $5.1M | $1.3M | $6.00B | $6.2M | $4.1M | — |
| Gross profit | $801.8K | $989.6K | $1.3M | $4.81B | $8.8M | $3.7M | — |
| R&D | — | $1.0M | $873.4M | $844.2K | $809.0K | — | — |
| SG&A | $2.7M | $2.6M | $4.5M | $4.72B | $4.7M | $2.8M | — |
| Total operating expenses | $2.9M | $2.7M | $4.6M | $6.35B | $6.9M | $3.6M | — |
| Operating income | -$2.1M | -$1.7M | -$3.3M | -$1.54B | $2.0M | $55.7K | — |
| Interest expense | $340.5K | $237.5K | $240.7K | $213.9M | $212.0K | $109.0K | — |
| Pre-tax income | -$6.0M | -$2.1M | -$2.6M | -$1.76B | $2.0M | $38.5K | — |
| Income tax | $3.6K | $16.9K | $99.4K | $354.5M | $659.9K | $184.0K | — |
| Net income | -$5.1M | -$3.7M | -$5.8M | -$2.14B | $2.0M | $42.0K | — |
| EPS, basic | -1.79 | -1.87 | -3.08 | -1.48 | — | — | — |
| EPS, diluted | — | -1.87 | -3.08 | -1.48 | — | — | — |
| Shares, diluted (wtd. avg.) | 2.8M | 2.0M | 1.9M | 1.4M | 13.0M | 13.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $775.3K | $737.0K | $5.6M | $20.3M | $1.19B | $3.2M | $3.1M |
| Receivables | $2.2M | $50.8K | $39.3M | $257.6K | $701.4K | — | — |
| Inventory | $73.9K | $78.5K | $153.9M | — | — | — | — |
| Total current assets | $12.7M | $10.4M | $12.05B | $22.1M | $5.5M | — | — |
| Property, plant and equipment | $1.6M | $110.4K | $314.7M | $344.0K | $374.6K | — | — |
| Goodwill | $4.0M | — | — | — | — | — | — |
| Other intangibles | $781.5K | $19.0K | — | — | — | — | — |
| Total assets | $24.0M | $17.1M | $19.4M | $23.44B | $6.6M | — | — |
| Accounts payable | $3.0M | $284.1K | $974.3M | $665.4K | $210.8K | — | — |
| Short-term debt | $182.6K | $1.6M | $33.7M | $933.4K | $309.7K | — | — |
| Total current liabilities | $10.6M | $13.6M | $10.82B | $12.6M | $12.6M | — | — |
| Long-term debt | $2.9M | $1.8M | $3.21B | $2.1M | $1.0M | — | — |
| Total liabilities | $15.1M | $16.7M | $15.07B | $14.7M | $14.3M | — | — |
| Retained earnings | -$23.6M | -$18.5M | -$14.84B | -$9.0M | -$6.8M | — | — |
| Total equity | $9.3M | $717.5K | $4.4M | $8.7M | -$7.64B | -$7.4M | -$7.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9.3M | -$4.9M | -$4.2M | $910.3M | $31.9K | $1.5M | — |
| Depreciation and amortisation | $45.2K | $32.8K | $24.6K | $169.8M | $143.6K | $85.7K | — |
| Stock-based compensation | — | — | $1.8M | — | — | — | — |
| Capital expenditure | $9.4K | $47.1K | $41.9K | $174.1M | $91.1K | $320.8K | — |
| Investing cash flow | $165.3K | -$2.0M | -$9.5M | -$174.1M | -$212.6K | -$1.6M | — |
| Financing cash flow | $9.0M | $1.1M | $246.8K | $18.63B | -$2.0M | $20.6K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-015723.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $7.7M | $15.0M | $10.81B | $2.6M | $6.1M | $35.5M |
| Gross profit | — | $3.7M | $8.8M | $4.81B | $1.3M | $989.6K | $801.8K |
| Net income | — | $42.0K | $2.0M | -$2.14B | -$5.8M | -$3.7M | -$5.1M |
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