NASDAQ : FOFO
Hang Feng Technology Innovation Co., Ltd. — Financial statements
Industrials · Consulting Services · Hong Kong
Last price 1.76 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 13.85M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Hang Feng Technology Innovation Co., Ltd. (FOFO) reported revenue of 1.36M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 1.36M | 2.33M | 2.03M | 119.53K |
| Cost of Revenue | 1.27M | 1.07M | 675.93K | 681.01K |
| Gross Profit | 95.72K | 1.26M | 1.35M | -561.48K |
| Selling, General & Admin | 2.30M | 2.05M | 362.12K | 508.32K |
| Research & Development | 9.01M | 8.96M | ||
| Operating Expenses | 11.32M | 11.01M | 370.70K | 510.19K |
| Operating Income | -11.23M | -9.75M | 982.64K | -1.07M |
| Interest & Investment Income | 440.80K | 115.66K | 1.10K | 1.06K |
| EBT Excluding Unusual Items | -10.72M | -9.64M | 983.74K | -1.07M |
| Gain (Loss) on Sale of Investments | 3.42K | -4.32K | ||
| Pretax Income | -10.72M | -9.64M | 987.16K | -1.07M |
| Income Tax Expense | -218.64K | -49.10K | 120.39K | -155.75K |
| Net Income | -10.50M | -9.59M | 866.77K | -919.17K |
| Net Income to Common | -10.50M | -9.59M | 866.77K | -919.17K |
| Shares Outstanding (Basic) | 6.96M | 5.81M | 4.00M | 4.00M |
| Shares Outstanding (Diluted) | 6.96M | 5.81M | 4.00M | 4.00M |
| EPS (Basic) | -1.51 | -1.65 | 0.22 | -0.23 |
| EPS (Diluted) | -1.51 | -1.65 | 0.22 | -0.23 |
| Free Cash Flow | -2.02M | -1.29M | 1.32M | -1.13M |
| Free Cash Flow Per Share | -0.29 | -0.22 | 0.33 | -0.28 |
| Gross Margin | 7.02% | 53.97% | 66.69% | |
| Operating Margin | -823.64% | -418.90% | 48.42% | -896.54% |
| Profit Margin | -770.70% | -411.82% | 42.71% | -768.96% |
| Free Cash Flow Margin | -148.46% | -55.41% | 65.20% | -948.87% |
| EBITDA | -11.22M | -9.74M | 991.22K | -1.07M |
| EBITDA Margin | 48.85% | |||
| D&A For EBITDA | 8.19K | 8.05K | 8.57K | 1.87K |
| EBIT | -11.23M | -9.75M | 982.64K | -1.07M |
| EBIT Margin | 48.42% | |||
| Effective Tax Rate | 12.20% | |||
| Revenue as Reported | 1.36M | 2.33M | 2.03M | 119.53K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 6.61M | 7.42M | 2.53M | 74.90K |
| Short-Term Investments | 30.77K | |||
| Cash & Short-Term Investments | 6.61M | 7.42M | 2.53M | 105.67K |
| Accounts Receivable | 99.91K | 112.36K | 55.27K | |
| Other Receivables | 3.00M | |||
| Receivables | 99.91K | 112.36K | 3.06M | |
| Prepaid Expenses | 115.92K | 74.66K | 60.05K | 46.06K |
| Other Current Assets | 178.85K | 33.56K | 92.75K | 92.12K |
| Total Current Assets | 7.00M | 7.64M | 5.74M | 243.86K |
| Property, Plant & Equipment | 115.33K | 158.42K | 33.08K | 1.75K |
| Long-Term Investments | 563.89K | 568.14K | ||
| Other Intangible Assets | 268.05K | 270.07K | 270.80K | |
| Long-Term Deferred Tax Assets | 267.63K | 199.37K | 142.64K | 181.35K |
| Total Assets | 8.22M | 8.84M | 6.19M | 426.95K |
| Accounts Payable | 44.77K | 65.31K | 14.97K | |
| Accrued Expenses | 5.24K | 5.32K | 1.93K | 57.96K |
| Short-Term Debt | 1.18M | 3.15M | ||
| Current Portion of Leases | 89.41K | 80.41K | ||
| Current Income Taxes Payable | 88.10K | 88.76K | 81.05K | |
| Current Unearned Revenue | 6.80K | 448.25K | ||
| Other Current Liabilities | 8.00K | 5.69K | 342.86K | |
| Total Current Liabilities | 190.75K | 231.75K | 2.12M | 3.22M |
| Long-Term Leases | 10.20K | 53.35K | ||
| Total Liabilities | 200.94K | 285.10K | 2.12M | 3.22M |
| Common Stock | 787.00 | 757.00 | 529.00 | 400.00 |
| Additional Paid-In Capital | 20.12M | 20.07M | 6.00M | |
| Retained Earnings | -12.07M | -11.52M | -1.93M | -2.80M |
| Comprehensive Income & Other | -37.11K | 3.61K | 1.12K | 1.05K |
| Shareholders' Equity | 8.02M | 8.55M | 4.07M | -2.80M |
| Total Liabilities & Equity | 8.22M | 8.84M | 6.19M | 426.95K |
| Total Debt | 99.61K | 133.76K | 1.18M | 3.15M |
| Net Cash (Debt) | 6.51M | 7.29M | 1.35M | -3.05M |
| Net Cash Per Share | 0.93 | 1.25 | 0.34 | -0.76 |
| Filing Date Shares Outstanding | 7.87M | 7.57M | 5.29M | 4.00M |
| Total Common Shares Outstanding | 7.87M | 7.57M | 5.29M | 4.00M |
| Working Capital | 6.81M | 7.41M | 3.62M | -2.98M |
| Book Value Per Share | 1.02 | 1.13 | 0.77 | -0.70 |
| Tangible Book Value | 7.75M | 8.28M | 3.80M | -2.80M |
| Tangible Book Value Per Share | 0.98 | 1.09 | 0.72 | -0.70 |
| Machinery | 40.53K | 40.71K | 49.37K | 9.37K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -10.50M | -9.59M | 866.77K | -919.17K |
| Depreciation & Amortization | 81.83K | 42.89K | 8.57K | 1.87K |
| Loss (Gain) From Sale of Investments | -3.42K | 4.32K | ||
| Other Operating Activities | 8.96M | 8.96M | ||
| Change in Accounts Receivable | 66.72K | -57.09K | -55.27K | |
| Change in Accounts Payable | -20.54K | 50.34K | 14.97K | |
| Change in Unearned Revenue | -122.07K | -441.45K | 418.21K | |
| Change in Income Taxes | -4.10K | 7.72K | 81.05K | |
| Change in Other Net Operating Assets | -340.54K | -132.09K | -42.04K | -80.22K |
| Operating Cash Flow | -2.02M | -1.29M | 1.36M | -1.13M |
| Capital Expenditures | -886.00 | -886.00 | -39.94K | |
| Cash Acquisitions | -193.24K | -193.24K | 73.52K | |
| Investment in Securities | -568.14K | -568.14K | 30.99K | |
| Investing Cash Flow | -762.26K | -762.26K | 64.57K | |
| Short-Term Debt Issued | 1.08M | 1.19M | ||
| Long-Term Debt Issued | 6.00M | |||
| Total Debt Issued | 6.00M | 6.00M | 1.08M | 1.19M |
| Short-Term Debt Repaid | -1.18M | -3.05M | ||
| Long-Term Debt Repaid | -6.00M | |||
| Total Debt Repaid | -5.82M | -7.18M | -3.05M | |
| Net Debt Issued (Repaid) | 182.72K | -1.18M | -1.97M | 1.19M |
| Issuance of Common Stock | 6.33M | 9.32M | 3.00M | |
| Other Financing Activities | -827.80K | -1.21M | ||
| Financing Cash Flow | 5.68M | 6.93M | 1.03M | 1.19M |
| Foreign Exchange Rate Adjustments | 785.00 | 5.76K | 2.92K | 2.94K |
| Net Cash Flow | 2.90M | 4.89M | 2.46M | 60.26K |
| Free Cash Flow | -2.02M | -1.29M | 1.32M | -1.13M |
| Free Cash Flow Margin | -148.46% | -55.41% | 65.20% | -948.87% |
| Free Cash Flow Per Share | -0.29 | -0.22 | 0.33 | -0.28 |
| Levered Free Cash Flow | -7.68M | -3.85M | -1.62M | |
| Unlevered Free Cash Flow | -7.68M | -3.85M | -1.62M | |
| Change in Working Capital | -612.83K | -700.20K | 491.00K | -221.24K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 13.30M | 66.44M | ||
| Enterprise Value | 6.80M | 62.73M | ||
| Last Close Price | 1.69 | 9.67 | ||
| PS Ratio | 9.76 | 28.54 | ||
| PB Ratio | 1.66 | 7.77 | ||
| P/TBV Ratio | 1.72 | 8.02 | ||
| EV/Sales Ratio | 4.99 | 26.95 | ||
| Debt / Equity Ratio | 0.01 | 0.02 | 0.29 | -1.13 |
| Debt / EBITDA Ratio | 1.19 | |||
| Debt / FCF Ratio | 0.89 | |||
| Net Debt / Equity Ratio | -0.81 | -0.85 | -0.33 | -1.09 |
| Net Debt / EBITDA Ratio | 0.58 | 0.75 | -1.37 | -2.85 |
| Net Debt / FCF Ratio | 3.22 | 5.65 | -1.02 | -2.69 |
| Asset Turnover | 0.21 | 0.31 | 0.61 | |
| Quick Ratio | 35.16 | 32.50 | 2.64 | 0.03 |
| Current Ratio | 36.70 | 32.97 | 2.71 | 0.08 |
| Return on Equity (ROE) | -169.22% | -151.93% | 136.24% | |
| Return on Assets (ROA) | -109.19% | -81.13% | 18.57% | |
| Return on Invested Capital (ROIC) | -744.31% | -490.03% | ||
| Return on Capital Employed (ROCE) | -139.90% | -113.30% | 24.10% | 38.30% |
| Earnings Yield | -89.28% | -14.43% | ||
| FCF Yield | -15.21% | -1.94% | ||
| Buyback Yield / Dilution | -49.77% | -45.24% | -0.09% |