Huachen AI Parking Management Technology Holding Co Ltd
hctdparking.comWhat Do They Do?
Sells structural steel components to industrial manufacturers and cubic parking equipment to property developers and managers, institutions, and residential communities.
20-F for FY2025, filed May 13, 2026Shanghai TD Manufacturing was incorporated on February 11, 2004 under the laws of the PRC. Shanghai TD Manufacturing is a majority-owned…View ↗
Zhejiang TD Parking was incorporated on November 7, 2017 under the laws of the PRC. Zhejiang TD Parking is a wholly-owned subsidiary of…View ↗
The Operating Subsidiaries have established stable business ties with priority customers in the industry and have maintained partnership…View ↗
The marketing approach is direct sales, where the Operating Subsidiaries establishes business partnerships and contracts directly with the…View ↗
How Do They Make Money?
Customers order equipment under purchase orders with agreed prices and payment terms; structural-parts sales are tied to delivery and acceptance. Maintenance services earn revenue over time.
20-F for FY2025, filed May 13, 2026For equipment structural parts sales, the transaction price was set up when customer places the purchase order, which in some cases are…View ↗
According to 5-Step revenue analysis, the Company considers customer purchase orders, which in some cases are governed by master sales…View ↗
Revenue from sales of equipment structural parts is recognized when the products are delivered and accepted by customers, which is the…View ↗
The summary of the Company’s total revenues by activity categories for the years ended December 31, 2025, 2024 and 2023 was as follows:View ↗
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20-F for FY2025, filed May 13, 2026
FY2025 revenue by product or service ↗
$6.6M
-
20-F for FY2025, filed May 13, 2026
$6.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Equipment structural parts
Sold outright
20-F for FY2025, filed May 13, 2026 |
57%
FY2022: 16%
|
Equipment structural parts, FY2025
$8.4M Sources
|
Sold outright |
|
Cubic parking garage
Sold outright
20-F for FY2025, filed May 13, 2026 |
42%
FY2022: 81%
|
Cubic parking garage, FY2025
$6.3M Sources
|
Sold outright |
|
Maintenance services
Recurring
|
1.0%
FY2022: 3.1%
|
Maintenance services, FY2025
$149.1K Sources
|
Recurring |
|
Others
|
<0.1%
FY2022: <0.1%
|
Others, FY2025
$3.5K Sources
|
Who Are Their Customers?
Industrial manufacturers buy equipment structural parts directly; enterprises, institutions and residential communities are also customers for parking projects. The company contracts directly with clients, sometimes using local agents to find them.
20-F for FY2025, filed May 13, 2026The Operating Subsidiaries have established stable business ties with priority customers in the industry and have maintained partnership…View ↗
Agent program Channel. To navigate new regions and markets, the Operating Subsidiaries sometimes partner with reliable local agents to help…View ↗
Direct Sales. For the equipment structural parts business, the Operating Subsidiaries adopt a direct sales model. The Operating…View ↗
The marketing approach is direct sales, where the Operating Subsidiaries establishes business partnerships and contracts directly with the…View ↗
20-F for FY2025, filed May 13, 2026
As of December 31, 2025, three customers accounted for 38.6%, 18.6%, and 8.9% of the Company’s total revenue, respectively. As of December…View ↗
Do Revenues Turn Into Profits?
No. It lost $42.2M in FY2025.
20-F for FY2025, filed May 13, 2026
How Are They Changing?
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