NASDAQ : HXHX
Haoxin Holdings Limited — Financial statements
Industrials · Integrated Freight & Logistics · China
Last price 0.1699 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.34M
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Financial statements
Haoxin Holdings Limited (HXHX) reported revenue of 33.04M 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 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 33.04M | 33.04M | 25.57M | 26.66M | 28.95M | 29.93M |
| Cost of Revenue | 24.74M | 24.74M | 19.09M | 19.81M | 21.21M | 22.10M |
| Gross Profit | 8.30M | 8.30M | 6.49M | 6.86M | 7.74M | 7.82M |
| Selling, General & Admin | 505.30K | 505.30K | 945.05K | 851.51K | 1.54M | 679.87K |
| Operating Expenses | 505.30K | 505.30K | 945.05K | 851.51K | 1.54M | 679.87K |
| Operating Income | 7.79M | 7.79M | 5.54M | 6.01M | 6.21M | 7.14M |
| Interest Expense | -269.94K | -269.94K | -188.90K | -154.05K | -166.02K | -254.33K |
| Other Non Operating Income (Expenses) | -978.53K | -978.53K | -757.58K | -349.70K | -116.82K | 112.50K |
| EBT Excluding Unusual Items | 6.54M | 6.54M | 4.59M | 5.50M | 5.92M | 7.00M |
| Gain (Loss) on Sale of Assets | -852.04K | -852.04K | ||||
| Pretax Income | 5.69M | 5.69M | 4.59M | 5.50M | 5.92M | 7.00M |
| Income Tax Expense | 1.72M | 1.72M | 1.42M | 1.53M | 1.64M | 1.73M |
| Net Income | 3.97M | 3.97M | 3.17M | 3.97M | 4.29M | 5.27M |
| Net Income to Common | 3.97M | 3.97M | 3.17M | 3.97M | 4.29M | 5.27M |
| Shares Outstanding (Basic) | 13.25M | 13.25M | 12.00M | 12.00M | 12.00M | |
| Shares Outstanding (Diluted) | 13.25M | 13.25M | 12.00M | 12.00M | 12.00M | |
| EPS (Basic) | 0.30 | 0.30 | 0.26 | 0.33 | 0.36 | |
| EPS (Diluted) | 0.30 | 0.30 | 0.26 | 0.33 | 0.36 | |
| Free Cash Flow | -14.02M | -14.02M | -3.96M | 921.34K | -500.62K | 1.25M |
| Free Cash Flow Per Share | -1.06 | -1.06 | -0.33 | 0.08 | -0.04 | |
| Gross Margin | 25.11% | 25.11% | 25.36% | 25.72% | 26.75% | 26.15% |
| Operating Margin | 23.58% | 23.58% | 21.67% | 22.53% | 21.44% | 23.88% |
| Profit Margin | 12.01% | 12.01% | 12.41% | 14.89% | 14.81% | 17.61% |
| Free Cash Flow Margin | -42.45% | -42.45% | -15.49% | 3.45% | -1.73% | 4.18% |
| EBITDA | 8.28M | 8.28M | 5.93M | 6.56M | 7.07M | 8.43M |
| EBITDA Margin | 25.06% | 25.06% | 23.19% | 24.60% | 24.41% | 28.16% |
| D&A For EBITDA | 489.39K | 489.39K | 390.34K | 551.06K | 861.13K | 1.28M |
| EBIT | 7.79M | 7.79M | 5.54M | 6.01M | 6.21M | 7.14M |
| EBIT Margin | 23.58% | 23.58% | 21.67% | 22.53% | 21.44% | 23.88% |
| Effective Tax Rate | 30.26% | 30.26% | 30.91% | 27.88% | 27.62% | 24.75% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.40M | 1.40M | 170.43K | 86.29K | 98.12K | 776.89K |
| Cash & Short-Term Investments | 1.40M | 1.40M | 170.43K | 86.29K | 98.12K | 776.89K |
| Accounts Receivable | 8.78M | 8.78M | 19.12M | 17.71M | 12.67M | 14.07M |
| Other Receivables | 399.82K | 399.82K | 12.70K | 88.00 | 121.00 | 62.00 |
| Receivables | 14.26M | 14.26M | 20.18M | 18.90M | 12.74M | 14.10M |
| Inventory | 4.93M | 4.93M | 2.88K | 11.09K | 65.90K | |
| Prepaid Expenses | 22.49M | 22.49M | 7.76M | 5.50M | 6.66M | 1.50M |
| Restricted Cash | 3.50K | 3.50K | 3.35K | 3.44K | 3.54K | 3.84K |
| Other Current Assets | 2.70M | 2.70M | 2.94M | 1.97M | 28.05K | 1.02M |
| Total Current Assets | 45.79M | 45.79M | 31.06M | 26.47M | 19.54M | 17.47M |
| Property, Plant & Equipment | 4.35M | 4.35M | 537.45K | 906.06K | 1.57M | 2.51M |
| Long-Term Deferred Tax Assets | 66.64K | 66.64K | 138.78K | 136.94K | 68.43K | 21.34K |
| Long-Term Deferred Charges | 489.59K | 422.22K | 312.61K | |||
| Other Long-Term Assets | 64.02K | 64.02K | 156.18K | 214.23K | 190.08K | 392.01K |
| Total Assets | 50.27M | 50.27M | 32.38M | 28.15M | 21.69M | 20.39M |
| Accounts Payable | 110.02K | 110.02K | 608.23K | 1.27M | 1.04M | 2.73M |
| Accrued Expenses | 51.58K | 51.58K | 483.07K | 672.38K | 711.46K | 1.24M |
| Short-Term Debt | 7.92M | 7.92M | 2.99M | 2.60M | 2.16M | 2.00M |
| Current Portion of Long-Term Debt | 387.01K | 387.01K | 333.01K | 556.28K | 250.54K | 842.19K |
| Current Portion of Leases | 5.05K | 13.55K | 40.52K | 359.76K | ||
| Current Income Taxes Payable | 9.86M | 9.86M | 7.48M | 5.50M | 3.64M | 2.10M |
| Other Current Liabilities | 958.61K | 958.61K | 1.97M | 1.45M | 1.44M | 1.99M |
| Total Current Liabilities | 19.29M | 19.29M | 13.86M | 12.06M | 9.28M | 11.26M |
| Long-Term Debt | 3.36M | 3.36M | 144.70K | 389.19K | 244.19K | |
| Long-Term Leases | 3.00K | 16.86K | ||||
| Total Liabilities | 22.65M | 22.65M | 14.01M | 12.45M | 9.30M | 11.50M |
| Common Stock | 1.38K | 1.38K | 1.20K | 1.20K | 1.20K | 1.20K |
| Additional Paid-In Capital | 7.16M | 7.16M | 2.96M | 2.96M | 2.96M | 2.96M |
| Retained Earnings | 20.77M | 20.77M | 16.80M | 13.63M | 9.95M | 5.66M |
| Comprehensive Income & Other | -304.29K | -304.29K | -1.39M | -890.48K | -518.25K | 277.02K |
| Shareholders' Equity | 27.63M | 27.63M | 18.37M | 15.70M | 12.39M | 8.89M |
| Total Liabilities & Equity | 50.27M | 50.27M | 32.38M | 28.15M | 21.69M | 20.39M |
| Total Debt | 11.67M | 11.67M | 3.47M | 3.56M | 2.47M | 3.45M |
| Net Cash (Debt) | -10.26M | -10.26M | -3.30M | -3.47M | -2.37M | -2.67M |
| Net Cash Per Share | -0.77 | -0.77 | -0.27 | -0.29 | -0.20 | |
| Filing Date Shares Outstanding | 13.75M | 13.75M | 13.75M | 12.00M | 12.00M | |
| Total Common Shares Outstanding | 13.75M | 13.75M | 12.00M | 12.00M | 12.00M | |
| Working Capital | 26.50M | 26.50M | 17.20M | 14.41M | 10.26M | 6.21M |
| Book Value Per Share | 2.01 | 2.01 | 1.53 | 1.31 | 1.03 | |
| Tangible Book Value | 27.63M | 27.63M | 18.37M | 15.70M | 12.39M | 8.89M |
| Tangible Book Value Per Share | 2.01 | 2.01 | 1.53 | 1.31 | 1.03 | |
| Machinery | 7.51M | 7.51M | 5.52M | 6.35M | 7.29M | 8.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.97M | 3.97M | 3.17M | 3.97M | 4.29M | 5.27M |
| Depreciation & Amortization | 491.80K | 491.80K | 402.59K | 591.12K | 894.97K | 1.28M |
| Other Amortization | 67.15K | |||||
| Loss (Gain) From Sale of Assets | 864.24K | 864.24K | 43.63K | 52.73K | -16.14K | -218.96K |
| Provision & Write-off of Bad Debts | -277.75K | -277.75K | 108.40K | -87.64K | 220.78K | 61.51K |
| Other Operating Activities | 74.78K | 74.78K | -5.67K | 21.91K | -49.93K | -20.98K |
| Change in Accounts Receivable | 10.28M | 10.28M | -2.00M | -5.70M | 116.39K | -7.60M |
| Change in Accounts Payable | -323.37K | -323.37K | -635.62K | 259.72K | -1.52M | 557.76K |
| Change in Income Taxes | 1.93M | 1.93M | 1.99M | 1.96M | 1.34M | 2.45M |
| Change in Other Net Operating Assets | -26.55M | -26.55M | -7.03M | -125.42K | -5.71M | -311.12K |
| Operating Cash Flow | -9.55M | -9.55M | -3.96M | 933.49K | -433.88K | 1.54M |
| Capital Expenditures | -4.48M | -4.48M | -4.30K | -12.15K | -66.74K | -287.63K |
| Sale of Property, Plant & Equipment | 4.94K | 4.94K | 24.19K | 6.64K | 78.00 | |
| Divestitures | -48.51K | -48.51K | ||||
| Other Investing Activities | 2.01M | |||||
| Investing Cash Flow | -9.39M | -9.39M | 995.78K | -5.51K | -66.74K | -287.56K |
| Short-Term Debt Issued | 15.82M | 15.82M | 7.83M | 3.69M | 4.94M | 2.66M |
| Long-Term Debt Issued | 3.74M | 3.74M | 326.19K | 1.38M | 44.58K | 1.12M |
| Total Debt Issued | 19.56M | 19.56M | 8.16M | 5.07M | 4.99M | 3.77M |
| Short-Term Debt Repaid | -5.24M | -5.24M | -4.34M | -5.33M | -3.97M | -1.92M |
| Long-Term Debt Repaid | -545.09K | -545.09K | -774.49K | -680.49K | -1.16M | -2.55M |
| Total Debt Repaid | -5.78M | -5.78M | -5.11M | -6.01M | -5.12M | -4.47M |
| Net Debt Issued (Repaid) | 13.78M | 13.78M | 3.05M | -937.04K | -134.65K | -695.47K |
| Other Financing Activities | 6.45M | 6.45M | ||||
| Financing Cash Flow | 20.23M | 20.23M | 3.05M | -937.04K | -134.65K | -695.47K |
| Foreign Exchange Rate Adjustments | -54.68K | -54.68K | -80.00 | -2.88K | -43.79K | 11.81K |
| Net Cash Flow | 1.23M | 1.23M | 84.05K | -11.94K | -679.06K | 567.72K |
| Free Cash Flow | -14.02M | -14.02M | -3.96M | 921.34K | -500.62K | 1.25M |
| Free Cash Flow Margin | -42.45% | -42.45% | -15.49% | 3.45% | -1.73% | 4.18% |
| Free Cash Flow Per Share | -1.06 | -1.06 | -0.33 | 0.08 | -0.04 | |
| Levered Free Cash Flow | -12.35M | -12.35M | 885.05K | -642.53K | 627.92K | 298.39K |
| Unlevered Free Cash Flow | -12.18M | -12.18M | 1.00M | -546.25K | 731.68K | 390.19K |
| Cash Interest Paid | 263.35K | 263.35K | 182.89K | 154.05K | 166.02K | 254.36K |
| Cash Income Tax Paid | 169.70K | 169.70K | 66.79K | 27.46K | 172.56K | 90.22K |
| Change in Working Capital | -14.67M | -14.67M | -7.68M | -3.61M | -5.77M | -4.90M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.34M | 8.13M | ||||
| Enterprise Value | 12.60M | 11.94M | ||||
| Last Close Price | 0.17 | 0.59 | ||||
| PE Ratio | 0.57 | 2.05 | ||||
| PS Ratio | 0.07 | 0.25 | ||||
| PB Ratio | 0.08 | 0.29 | ||||
| P/TBV Ratio | 0.08 | 0.29 | ||||
| EV/Sales Ratio | 0.38 | 0.36 | ||||
| EV/EBITDA Ratio | 1.52 | 1.44 | ||||
| EV/EBIT Ratio | 1.62 | 1.53 | ||||
| Debt / Equity Ratio | 0.42 | 0.42 | 0.19 | 0.23 | 0.20 | 0.39 |
| Debt / EBITDA Ratio | 1.41 | 1.41 | 0.58 | 0.54 | 0.35 | 0.41 |
| Debt / FCF Ratio | 3.86 | 2.75 | ||||
| Net Debt / Equity Ratio | 0.37 | 0.37 | 0.18 | 0.22 | 0.19 | 0.30 |
| Net Debt / EBITDA Ratio | 1.24 | 1.24 | 0.56 | 0.53 | 0.34 | 0.32 |
| Net Debt / FCF Ratio | -0.73 | -0.73 | -0.83 | 3.77 | -4.73 | 2.13 |
| Asset Turnover | 0.80 | 0.80 | 0.84 | 1.07 | 1.38 | 1.81 |
| Inventory Turnover | 2,834.15 | 550.88 | 515.13 | |||
| Quick Ratio | 0.55 | 0.55 | 1.39 | 1.48 | 1.38 | 1.32 |
| Current Ratio | 2.37 | 2.37 | 2.24 | 2.19 | 2.10 | 1.55 |
| Return on Equity (ROE) | 17.25% | 17.25% | 18.63% | 28.27% | 40.29% | 85.17% |
| Return on Assets (ROA) | 11.78% | 11.78% | 11.44% | 15.07% | 18.44% | 27.04% |
| Return on Invested Capital (ROIC) | 14.34% | 18.24% | 18.74% | 25.54% | 34.13% | 56.61% |
| Return on Capital Employed (ROCE) | 25.10% | 25.10% | 29.90% | 37.30% | 50.00% | 78.20% |
| Earnings Yield | 176.30% | 48.79% | ||||
| FCF Yield | -600.35% | -172.44% | ||||
| Buyback Yield / Dilution | -10.39% | -10.39% |