Hyfusin Group Holdings manufactures candles in Vietnam and sells them mainly in the US (more than 80% of the revenue) and also some in the UK. Almost all non-current assets are in Vietnam. Headquarters are in Hong Kong. The company is incorporated in the Cayman Islands. The stock trades as 8512 in Hong Kong. Trading volume is very low.
According to the 2019-2022 financial data, the company has accumulated cash and equivalents from 30 million in 2019 to 171 million in 2022. This is quite substantial. Moreover, the company does not seem to have paid any dividends or bought back any shares during this period. Another red flag is the different countries involved (CA, HK, Vietnam). The company is very cheaply valued.