HXHXNasdaqTrucking & Courier Services (No Air)US GAAP · USD

Haoxin Holdings Ltd

Haoxin Holdings Ltd is a U.S.-listed holding company with operations centered in China, structured through an exempt Cayman Islands entity and its subsidiaries. The company’s disclosed business context indicates involvement in trucking and courier services, while its securities and financing arrangements are tied to its Class A ordinary shares listed on Nasdaq.

Liikevaihto33,0milj. USD
+29,2 %v/v
Liikevoitto (EBIT)7,8milj. USD
+40,6 %v/v
EBIT-marginaali23,6%
+1,9 %-yks.v/v
Nettotulos4,0milj. USD
+25,0 %v/v
Vapaa kassavirta−14,0milj. USD
−254,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

010203040milj. USD2022: 29 milj. USD2022: EBIT 6,2 milj. USD20222023: 27 milj. USD2023: EBIT 6,0 milj. USD20232024: 26 milj. USD2024: EBIT 5,5 milj. USD20242025: 33 milj. USD2025: EBIT 7,8 milj. USD2025337,8
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Trucking and freight services50 %

Road-based transport of goods and freight for commercial customers.

Courier and parcel delivery35 %

Time-sensitive delivery of parcels and smaller shipments.

Logistics support services10 %

Ancillary transportation and coordination services linked to shipments.

Corporate and financing activities5 %

Holding company, equity, and debt-related activities supporting the business.

Tuotteet

Raportoitu · osuus liikevaihdosta
98,4%FY2025100 %
  • Temperaturecontrolled Truckload Services98,4 %
  • Urban Delivery Services1,6 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company serves customers that need road freight movement and courier delivery, likely including commercial shippers, distributors, and other businesses that outsource transportation. Its service mix suggests demand from customers that value scheduled delivery, local distribution, and logistics coverage in China and related operating markets.

Commercial freight shippers

Businesses that buy trucking capacity to move goods between facilities and customers.

Courier and parcel customers

Clients that need small-package or document delivery on fixed timelines.

Logistics outsourcing customers

Companies using bundled transport and logistics support instead of owning fleets.

Capital market investors

Investors and note buyers participating in convertible and equity financing structures.

Strategia

The company’s near-term strategic focus appears centered on maintaining Nasdaq compliance while using financing tools such as convertible notes and an equity line to support corporate flexibility. For the operating business, its position depends on serving transportation customers efficiently while preserving access to U.S. capital markets and managing the implications of a cross-border holding structure.

Restore Nasdaq bid-price complianceLyhyt aikaväli

Listing access supports liquidity, investor access, and capital-raising flexibility.

Use external financing toolsLyhyt aikaväli

Convertible notes and an equity line can fund operations and corporate needs.

Maintain operating continuity in transportationKeskipitkä aikaväli

Freight and courier businesses depend on reliable service execution and customer retention.

Maantiede

Haoxin is incorporated through a Cayman Islands holding structure but its principal executive offices are in Ningbo, Zhejiang Province, China. Its disclosed operating and compliance context points to China as the core operating geography, while its listing and financing activity are centered in the United States through Nasdaq and U.S. securities filings.

Riskit

The most visible company-specific risk is Nasdaq listing compliance, where failure to regain the minimum bid price could lead to delisting or reduced market access. As a trucking and courier operator with a China-based operating footprint, the business is also exposed to transportation competition, regulatory requirements, and cross-border capital market risk.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Nasdaq minimum bid price noncompliance1Dilution from convertible notes and equity line2Transportation industry competition3China operating and regulatory exposure4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Nasdaq minimum bid price noncomplianceVaikutus: KorkeaTodennäköisyys: Korkea

    The company has disclosed that its Class A shares traded below $1 and may face delisting if compliance is not restored.

    Kohdistuu: Class A ordinary shares

  2. Dilution from convertible notes and equity lineVaikutus: KorkeaTodennäköisyys: Korkea

    Convertible financing and an equity line can increase share count and reduce existing holders' ownership.

    Kohdistuu: Equity holders

  3. Transportation industry competitionVaikutus: KeskitasoTodennäköisyys: Korkea

    Trucking and courier services are typically price-competitive and asset- and service-intensive.

    Kohdistuu: Freight and delivery margins

  4. China operating and regulatory exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Core operating presence in China can create local regulatory, execution, and market-access risks.

    Kohdistuu: Operations in Ningbo and China

Kirjanpito

Harkinnanvaraiset erät
Convertible notes

Conversion terms, embedded features, and classification can materially affect balance sheet presentation and dilution.

Vaikutus: Debt, equity, and diluted share count

Equity line of credit

Future share issuances under the facility can affect financing proceeds and shareholder dilution.

Vaikutus: Equity issuance and dilution

Warrants and registration rights

These instruments may require valuation and can create additional equity-linked accounting complexity.

Vaikutus: Fair value estimates and disclosure

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026