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Haoxin Holdings Limited Class A ( (HXHX) ) has shared an announcement.
For the six months ended June 30, 2025, Haoxin Holdings Limited reported unaudited revenues of $17.8 million, a 91.3% increase from the same period in 2024, driven by a more than doubling of temperature-controlled truckload revenue to $17.3 million as new customers boosted volumes, while revenue from urban delivery services nearly halved to $0.5 million as that segment contracted. Total costs and expenses rose 88.6% to $13.6 million, broadly in line with top-line growth, lifting operating income to $4.3 million, up 100.7%, and net income to $1.8 million, up 45.5%, despite a sharp rise in net other expenses, including a loss on disposal of subsidiaries; the period also saw the company’s total assets increase to $39.8 million and shareholders’ equity climb to $25.0 million, highlighting strengthened balance sheet metrics even as short-term borrowings and tax payables remained significant.
More about Haoxin Holdings Limited Class A
Haoxin Holdings Limited is a China-based transportation company with more than two decades of operating history, specializing in factory-focused logistics that include temperature-controlled truckload and urban delivery services for electronics, chemicals, fruit, food and other commercial goods. Operating through subsidiaries in Ningbo, Zhejiang and Shenzhen, the group has shifted its business mix toward temperature-controlled truckload operations and is recognized by the China Federation of Logistics and Purchasing as a 3A-grade transportation service provider.
Average Trading Volume: 5,658,651
Technical Sentiment Signal: Strong Sell
Current Market Cap: $11.94M
See more insights into HXHX stock on TipRanks’ Stock Analysis page.