HAONasdaqServices-Advertising AgenciesUS GAAP · USD

Haoxi Health Technology Ltd

Haoxi Health Technology Ltd is a U.S.-listed company incorporated in the Cayman Islands with its principal executive office in Beijing, China. Based on its industry classification, it operates in advertising services, with its business centered on delivering marketing and advertising-related services through a corporate structure controlled from China.

Revenue54.8m USD
+67.1 %y/y
Operating profit (EBIT)-9.7m USD
−383.2 %y/y
EBIT margin-17.6%
−11.5 ppy/y
Net income-9.5m USD
−346.0 %y/y

Fiscal year 2026 · change from previous year

Development 2022–2026

-200204060m USD2022: 16 m USD2022: EBIT 0.27 m USD20222023: 28 m USD2023: EBIT 1.2 m USD20232024: 49 m USD2024: EBIT 1.7 m USD20242025: 33 m USD2025: EBIT -2.0 m USD20252026: 55 m USD2026: EBIT -9.7 m USD202655-9.7
RevenueOperating profit (EBIT)

Business

Share of revenue
Advertising agency services45 %

Client-facing advertising and campaign execution services across media channels.

Digital marketing35 %

Online promotion, audience targeting, and performance-oriented marketing work.

Media planning and placement15 %

Selection, buying, and scheduling of advertising inventory across channels.

Brand and promotion support5 %

Marketing support services that help clients build awareness and reach customers.

Customers

The company primarily serves businesses that need outsourced advertising and marketing execution. Its customers are likely to be advertisers seeking campaign management, media buying, and promotional support rather than end consumers. Because the business is service-based, customer retention depends on campaign effectiveness, pricing, and execution quality.

Corporate advertisers

Businesses that buy advertising services to promote products, services, or brands.

Digital-first marketers

Clients focused on online campaigns, lead generation, and measurable marketing performance.

Brand and promotion clients

Companies seeking media planning, placement, and broader promotional support.

Strategy

The company’s strategic position depends on building repeat advertising clients and delivering campaigns that combine planning, placement, and digital execution. For an advertising agency model, scale, client relationships, and service quality matter because they influence renewal rates and cross-selling opportunities. Its U.S. listing also provides access to international capital markets while operations remain tied to China.

Deepen client relationshipsShort term

Advertising agencies depend on repeat business and renewal of campaigns.

Strengthen digital service offeringMedium term

Digital channels are central to client spending and measurable campaign performance.

Preserve capital market accessMedium term

A U.S. listing supports funding flexibility and corporate visibility.

Geography

Haoxi Health Technology Ltd is legally based in the Cayman Islands, listed in the United States, and operates from Beijing, China. That structure suggests its business activity is centered in Greater China while its capital markets presence is in the U.S. The China operating base is important because it shapes client access, regulatory exposure, and execution capabilities.

Risks

The business is exposed to client concentration, revenue volatility, and competition typical of advertising agencies, where demand can shift quickly with client budgets. Because operations are based in China while the company is U.S.-listed, it also faces cross-border regulatory, audit, and governance risk. Changes in auditors and corporate reporting structure can add scrutiny around internal controls and financial reporting processes.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Client budget volatility1China regulatory exposure2Competition and pricing pressure3Audit and reporting scrutiny4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Client budget volatilityImpact: HighLikelihood: High

    Advertising spending is discretionary and can be reduced quickly by customers.

    Exposure: Campaign and agency services depend on active client spending

  2. China regulatory exposureImpact: HighLikelihood: Medium

    Operations are centered in Beijing, creating exposure to local rules and enforcement.

    Exposure: Operating subsidiary and service delivery

  3. Competition and pricing pressureImpact: MediumLikelihood: High

    Advertising agencies compete on reach, service quality, and price.

    Exposure: Media placement and digital marketing services

  4. Audit and reporting scrutinyImpact: MediumLikelihood: Medium

    Foreign private issuer structure and auditor changes can increase investor attention.

    Exposure: Financial reporting and internal controls

Accounting

Judgemental items
Revenue recognition

Advertising services may be recognized as work is delivered or when campaigns are completed.

Impact: Affects timing of reported sales and quarter-to-quarter comparability

Accounts receivable collectability

Agency businesses often carry client receivables for campaign work already performed.

Impact: Can affect allowance for doubtful accounts and cash conversion

Foreign currency translation

Operations in China and U.S.-listed reporting can create currency conversion effects.

Impact: Can move reported assets, liabilities, and earnings

Audit transition

A change in independent auditor can draw attention to accounting judgments and controls.

Impact: May affect investor confidence in reported results

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

Haoxi Health Technology Ltd (HAO) Revenue, Earnings & Financials 2026 – Clarifo