ReTo Eco-Solutions, Inc.
RETO · Abrasive, Asbestos & Misc Nonmetallic Mineral Prods · EDGAR filings ↗
Grade
F38Distressed China-based materials/equipment company with near-zero cash, deeply negative margins and large impairments.
Strengths
- Revenue grew 84% off a small base
- Gross margin ~35% remains near sector median
Risks
- Cash $250K with ~0.2-quarter runway and current ratio 0.21 — acute liquidity distress
- Net margin -366%; $8.0M goodwill and $0.7M long-lived asset impairments
- Customer concentration (59% one customer) plus PRC governance/transfer risks
Notable findings
- Net lossNet loss (net margin -366.1%)
- Cash burnNegative free cash flow (-4.5M)
- Weak liquidityCurrent ratio 0.21 (<1)
- Customer concentration~100% of revenue from one customer/distributor — Operating Results Overview Our continuing operations primarily consisted of sales of equipment and accessories, technological consulting and other services, and sales of craft beer, which accoun
Key metrics
Gross margin
35.3%
Operating margin
-346.2%
Net margin
-366.1%
Return on equity
-58.3%
Return on assets
-38.8%
Revenue growth (QoQ)
84.3%
Current ratio
0.2×
Free cash flow
-$4M
EBITDA
-$11M
Tangible book value
$14M
Cash & investments
$250K
Cash runway
0q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-05-01 | 2025-12-31 | 0001213900-26-050658 ↗ |
| 20-F | 2025-05-09 | 2024-12-31 | 0001213900-25-041195 ↗ |
| 20-F | 2024-05-15 | 2023-12-31 | 0001213900-24-043803 ↗ |
| 20-F | 2023-05-01 | 2022-12-31 | 0001213900-23-034833 ↗ |
| 20-F | 2022-05-02 | 2021-12-31 | 0001213900-22-023161 ↗ |
| 20-F | 2021-05-14 | 2020-12-31 | 0001213900-21-026496 ↗ |
| 20-F | 2020-10-30 | 2019-12-31 | 0001213900-20-034273 ↗ |
| 20-F | 2019-05-14 | 2018-12-31 | 0001213900-19-008586 ↗ |
| 20-F | 2018-04-25 | 2017-12-31 | 0001213900-18-004937 ↗ |