RETO on Nasdaq

ReTo Eco-Solutions, Inc.

ReTo Eco-Solutions, Inc. is a wholly-owned subsidiary of ReTo Hengye.1 It is headquartered in Beijing, China.1

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Last updated Oct 21, 2026.

Overview

$3.4MRevenue, fiscal 20252
-$12.3MNet income, fiscal 20252

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  • TickerRETO on Nasdaq1
  • IndustryAbrasive, Asbestos & Misc Nonmetallic Mineral Prods1
  • HeadquartersBeijing, China1
  • Incorporated inVirgin Islands, British3
  • Business addressX-702, 60 Anli Road, Chaoyang District, Beijing, F4 1001013
  • Filer categoryNon-accelerated filer3

October 2025, Beijing ReTo Xincheng Technology Co., Ltd. was established in China, which is a wholly-owned subsidiary of ReTo Hengye.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

35.3%Gross margin2
-346.2%Operating margin2
-366.1%Net margin2
84.3%Revenue growth, 20252
-58.3%Return on equity2
-$4.5MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Equipment And Accessories brought in 93% of the revenue ReTo Eco-Solutions, Inc. broke down this way in fiscal 2025.

  1. Equipment And Accessories$3.1M293%up 165% from 2024
  2. Technological Consulting And Other Services$152.4K25%down 77% from 2024
  3. Craft Beer And Vending Machine$99.9K23%
Products and services by year
Products and services202320242025
Equipment And Accessories$10.8K$1.2M$3.1M
Technological Consulting And Other Services$652.9K$152.4K
Craft Beer And Vending Machine$99.9K

Business segments

Equipment And Technical Service brought in 97% of the revenue ReTo Eco-Solutions, Inc. broke down this way in fiscal 2025.

  1. Equipment And Technical Service$3.3M297%up 79% from 2024
  2. Craft Beer$99.9K23%
Business segments by year
Business segments202320242025
Equipment And Technical Service$10.8K$1.8M$3.3M
Craft Beer$99.9K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue65¢$2.2M
  • Research and development11¢$361.1K
  • Other costs25¢$828.5K

Out of $3.4M in revenue.2 The company lost money this year.

Financial statements

Revenue56782$3.4M in 2025−88% since 2018
0$10.0M$20.0M$30.0M2018: $29.3M$29.3M20182019: $17.0M$17.0M2019−42%2020: $8.3M$8.3M2020−51%2021: $3.6M$3.6M2021−57%2022: $204.5K$204.5K2022−94%2023: $10.8K$10.8K2023−95%2024: $1.8M$1.8M2024+16865%2025: $3.4M$3.4M2025+84%
Gross profit56782$1.2M in 2025−92% since 2018
0$5.0M$10.0M$15.0M2018: $14.0M$14.0M20182019: $5.2M$5.2M2019−63%2020: $2.0M$2.0M2020−62%2021: $385.7K$385.7K2021−81%2022: $1.1K$1.1K2022−100%2023: $1.5K$1.5K2023+34%2024: $825.2K$825.2K2024+53450%2025: $1.2M$1.2M2025+44%
Operating income56782-$11.7M in 2025
-$15.0M-$10.0M-$5.0M0$5.0M2018: $4.8M$4.8M20182019: -$4.7M-$4.7M20192020: -$6.6M-$6.6M2020+39%2021: -$12.0M-$12.0M2021+83%2022: -$5.9M-$5.9M2022−51%2023: -$6.5M-$6.5M2023+10%2024: -$4.1M-$4.1M2024−36%2025: -$11.7M-$11.7M2025+182%
Net income56782-$12.3M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2018: $4.5M$4.5M20182019: -$15.1M-$15.1M20192020: -$12.9M-$12.9M2020−15%2021: -$22.1M-$22.1M2021+71%2022: -$14.6M-$14.6M2022−34%2023: -$15.6M-$15.6M2023+7%2024: -$8.4M-$8.4M2024−47%2025: -$12.3M-$12.3M2025+48%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Total revenues$3.4M$1.8M$10.8K
Total cost of revenues$2.2M$1.0M$9.2K
Gross profit$1.2M$825.2K$1.5K
Selling$783.8K$330.8K$5.9K
General and administrative$2.9M$3.9M$6.5M
Provision for (recovery of) credit losses$89.7K$199.8K-$22.3K
Impairment of long-lived assets$725.9K
Impairment of goodwill$8.0M
Research and development$361.1K$498.2K
Total operating expenses$12.9M$5.0M$6.5M
Loss from operations-$11.7M-$4.1M-$6.5M
Interest expenses-$982.3K-$3.2K-$92.1K
Interest income$516$1.2K$63
Other income (expenses), net$37.9K-$602.2K-$22
Loss from disposal of subsidiaries-$3.6M
Change in fair value of convertible debt$47.8K
Total other expenses, net-$943.8K-$4.2M-$44.3K
Loss before income taxes-$12.6M-$8.3M-$6.5M
Net loss from continuing operations-$12.6M-$8.3M-$6.5M
Net loss from discontinued operations, net of taxes-$74.3K-$9.5M
Net loss-$12.6M-$8.4M-$16.1M
Less: Net loss attributable to non-controlling interest-$273.5K-$34.3K-$427.3K
Net loss attributable to ReTo Eco-Solutions, Inc.-$12.3M-$8.4M-$15.6M
Foreign currency translation adjustment-$81.6K$1.1M$223.4K
Comprehensive loss-$12.7M-$7.2M-$15.8M
Less: Comprehensive loss attributable to non-controlling interest-$220.9K-$44.8K-$339.2K
Comprehensive loss attributable to Reto Eco-Solutions, Inc.-$12.5M-$7.2M-$15.5M
Continuing operations-$12.3M-$8.3M-$6.5M
Discontinued operations-$40.1K-$9.1M
Continuing operations (in Dollars per share)-$26-$51-$406
Continuing operations diluted (in Dollars per share)-$26-$51-$406
Discontinued operations (in Dollars per share)-$0-$566
Discontinued operations diluted (in Dollars per share)-$0-$566
Total (in Dollars per share)-$25.84-$50.92-$972.08
Basic (in Shares)477.5K shares164.0K shares16.1K shares
Diluted (in Shares)477.5K shares164.0K shares16.1K shares

Compare ReTo Eco-Solutions, Inc. with another company

Corporate structure

ReTo Eco-Solutions, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ReTo Eco-Solutions, Inc.

  • ReTo Eco-Solutions, Inc. Beijing, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ReTo Eco-Solutions, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$14.4M2 Dec 31, 2025$6.7M2 Dec 31, 2024+115.5%
Property and equipment, before depreciation$433.7K2 Dec 31, 2025$46.0K2 Dec 31, 2024+843.6%
Accumulated depreciation$131.2K2 Dec 31, 2025$23.9K2 Dec 31, 2024+448.1%
Property and equipment, net$52.3K2 Dec 31, 2025$21.5K2 Dec 31, 2024+143.1%
Operating-lease assets (leased space)$247.6K2 Dec 31, 2025$28.1K2 Dec 31, 2024+781.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$250.0K2 Dec 31, 2025$671.4K2 Dec 31, 2024−62.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$7.7M8 Dec 31, 2024$5.3M7 Dec 31, 2022+44.8%
Accumulated amortization-$233.4K2 Dec 31, 2025-$17.2K2 Dec 31, 2024−1256.9%
Finite-lived intangibles, net$7.3M2 Dec 31, 2025$7.7M2 Dec 31, 2024−4.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$77.9K2 Dec 31, 2025$337.8K7 Dec 31, 2022−76.9%

Leadership

Who has led ReTo Eco-Solutions, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Li Xinyang2026–now

Chief financial officer

  1. Hu Yue2026–now

Chief operating officer

  1. Dai Guangfeng2026–now
Board members and other officers (9)

Timeline

  1. Mar 18, 2026New chief executive Li Xinyang becomes CEO10

Filings

157 filings to the SEC since October 2021: 5 annual reports, 9 insider forms, 23 large holders, 120 other. The latest 20:

  1. Sep 25, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Sep 25, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  3. Sep 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Sep 18, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  5. Sep 11, 2026SEC STAFF ACTION EDGAR
  6. Aug 7, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Aug 7, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  8. Jul 8, 2026EFFECT EDGAR
  9. Jul 7, 2026F-3/A AMENDMENT NO. 1 TO FORM F-3 EDGAR
  10. Jun 25, 2026F-3 REGISTRATION STATEMENT EDGAR
  11. Jun 24, 2026EFFECT EDGAR
  12. Jun 24, 2026POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM F-3 EDGAR
  13. Jun 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Jun 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Jun 10, 2026SCHEDULE 13G/A EDGAR
  16. Jun 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Jun 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. May 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. May 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. May 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 157 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How ReTo Eco-Solutions, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARReTo Eco-Solutions, Inc.1
  • CIK0001687277
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inBritish Virgin Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3290 Abrasive, Asbestos & Misc Nonmetallic Mineral Prods1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business addressX-702, 60 Anli Road, Chaoyang District, Beijing, F4 1001011
  • Phone(86) 10-648273281
  • Shares outstanding1,887,989 Common Class A shares; 1,000,000 Common Class B shares as of Dec 31, 20254
  • AuditorYCM CPA INC., Irvine, California PCAOB ID 6781; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 23, 20161
  • Filings236 in all: 6-K (112), SC 13G (11), 20-F (9), 3 (9), CORRESP (9), SC 13G/A (9), UPLOAD (8), 424B5 (7)1
    All 31 form types

    EFFECT (6), NT 20-F (6), F-1/A (5), F-3/A (5), S-8 (5), 6-K/A (4), F-1 (4), F-3 (4), SCHEDULE 13G/A (3), D (2), DRS/A (2), DRSLTR (2), S-8 POS (2), SCHEDULE 13G (2), SEC STAFF ACTION (2), 20-F/A (1), 424B4 (1), 8-A12B (1), CERTNAS (1), DRS (1), POS AM (1), RW (1), SC 13D (1)

  • Latest filingsAnnual report (20-F) May 1, 2026

Securities registered for trading

ClassSymbolExchange
Class A shares, no par valueRETOThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed May 1, 2026 (Section 12(b) of the Exchange Act).4

Sources

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