Company research
Haoxin Holdings Ltd
CIK 1936817Updated Sep 24, 2026
SecurityHXHX · NASDAQ · equity
HXHX price & chart
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NASDAQ:HXHX on TradingView ↗About the company
We are a provider of temperature-controlled truckload service and urban delivery services in China with over 22 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all our operations through our subsidiaries, Ningbo Haoxin and Zhejiang Haoxin. We recently established Yiwu Haitong International Logistics Co., Ltd. (“Yiwu Haitong”), a wholly owned subsidiary, on August 13, 2026. Yiwu Haitong has not commenced operations as of the date of this Prospectus and is expected to provide international logistics services using an electric commercial vehicle fleet. Longanda and Haiyue were divested in the first half of 2025, and such disposal has not impacted the steady growth of the Company’s business. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food, and commercial goods. After continuous development, we have been recognized and accredited by the China Federation of Logistics and Purchasing as a 3A-Grade transportation service provider.
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 50,273,079Source | 32,379,245Source | 28,149,538Source |
| Property, Plant and Equipment, NetUSD | 4,351,350Source | 535,035Source | 891,519Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,404,626Source | 170,431Source | 86,287Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 8,782,898Source | 19,121,048Source | 17,713,709Source |
| Assets, CurrentUSD | 45,791,070Source | 31,057,243Source | 26,470,087Source |
| Prepaid Expense and Other Assets, CurrentUSD | 24,403Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | — | 2,413Source | 14,543Source |
| Other Assets, NoncurrentUSD | 130,659Source | 786,967Source | 787,932Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 22,647,352Source | 14,006,704Source | 12,451,564Source |
| Stockholders’ equity: | |||
| Retained Earnings (Accumulated Deficit)USD | 19,875,861Source | 15,907,979Source | 12,734,276Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -303,086Source | -1,388,420Source | -889,284Source |
| Stockholders' Equity Attributable to ParentUSD | 27,625,727Source | 18,372,541Source | 15,697,974Source |
| Additional Paid in Capital, Common StockUSD | 7,157,095Source | 2,957,300Source | 2,957,300Source |
| Liabilities and EquityUSD | 50,273,079Source | 32,379,245Source | 28,149,538Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 19,287,898Source | 13,862,008Source | 12,059,373Source |
| Operating Lease, Liability, CurrentUSD | — | 5,052Source | 13,549Source |
| Accounts Payable, CurrentUSD | 110,023Source | 608,230Source | 1,269,510Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | 2,997Source |
| Additional Financial Items | |||
| Accounts Receivable, after Allowance for Credit LossUSD | 8,782,898Source | 19,121,048Source | 17,713,709Source |
| Long-term DebtUSD | — | 477,708Source | 945,478Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 3,967,882Source | 3,173,703Source | 3,969,498Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | — | — | — |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | -10,280,279Source | 2,000,881Source | 5,703,775Source |
| Increase (Decrease) in Accounts PayableUSD | -323,369Source | -635,621Source | 259,722Source |
| Deferred Income Tax Expense (Benefit)USD | 74,783Source | -5,670Source | 21,910Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -9,546,215Source | -3,957,879Source | 933,489Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -9,390,179Source | 995,779Source | -5,512Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 4,478,728Source | 4,303Source | 12,150Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 20,225,417Source | 3,046,230Source | -937,037Source |
| Repayments of Long-term DebtUSD | — | — | 91,021Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,234,341Source | 84,050Source | -11,939Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,408,122Source | 173,781Source | 89,731Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 263,349Source | 182,892Source | 154,047Source |
| Income Taxes Paid, NetUSD | 169,698Source | 66,793Source | 27,461Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -54,682Source | -80Source | -2,879Source |
| Additional Financial Items | |||
| DepreciationUSD | 489,390Source | 390,341Source | 551,062Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -12,196Source | -43,633Source | -52,726Source |
| General and Administrative ExpenseUSD | 452,501Source | 866,333Source | 758,620Source |
| Income Tax Expense (Benefit)USD | 1,721,419Source | 1,420,141Source | 1,534,791Source |
| InterestExpenseNonoperatingUSD | 269,942Source | 188,897Source | 154,047Source |
| Net Income (Loss) Attributable to ParentUSD | 3,967,882Source | 3,173,703Source | 3,969,498Source |
| Nonoperating Income (Expense)USD | -2,100,511Source | -946,472Source | -503,748Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 33,040,012Source | 25,571,810Source | 26,664,602Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total RevenueUSD | 33,040,012Source | 25,571,810Source | 26,664,602Source |
| Cost of Goods and Services Sold | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — |
| Operating Income (Loss)USD | 7,789,812Source | 5,540,316Source | 6,008,037Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 5,689,301Source | 4,593,844Source | 5,504,289Source |
| Income Tax Expense (Benefit)USD | 1,721,419Source | 1,420,141Source | 1,534,791Source |
| Net Income (Loss) Attributable to ParentUSD | 3,967,882Source | 3,173,703Source | 3,969,498Source |
| Earnings Per Share, BasicUSD per share | 0.3Source | 0.26Source | 0.33Source |
| Earnings Per Share, DilutedUSD per share | 0.3Source | 0.26Source | 0.33Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 13,246,575Source | 12,000,000Source | 12,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 13,246,575Source | 12,000,000Source | 12,000,000Source |
| Interest Expense (non-operating)USD | 269,942Source | 188,897Source | 154,047Source |
| Additional Financial Items | |||
| Costs and ExpensesUSD | 25,250,200Source | 20,031,494Source | 20,656,565Source |
| Current Income Tax Expense (Benefit)USD | 1,646,636Source | 1,425,811Source | 1,512,881Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 307,523Source | — | — |
| General and Administrative ExpenseUSD | 452,501Source | 866,333Source | 758,620Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 6,075,159Source | 4,783,304Source | 5,748,577Source |
| Nonoperating Income (Expense)USD | -2,100,511Source | -946,472Source | -503,748Source |
| Other ExpensesUSD | 191,866Source | 247,393Source | 267,432Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 33,040,012Source | 25,571,810Source | 26,664,602Source |
| Selling and Marketing ExpenseUSD | 52,794Source | 78,722Source | 92,890Source |