2024 Q1 Form 20-F Financial Statement

#000121390024061773 Filed on July 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024 2023 Q1
Revenue $6.321M $1.700M
YoY Change -38.28% -43.48%
Cost Of Revenue $4.613M $1.430M
YoY Change -35.04% -32.52%
Gross Profit $1.708M $260.0K
YoY Change -45.62% -70.75%
Gross Profit Margin 27.02% 15.29%
Selling, General & Admin $2.477M $1.490M
YoY Change -31.54% 41.23%
% of Gross Profit 145.02% 573.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $159.0K
YoY Change -23.92%
% of Gross Profit 9.31%
Operating Expenses $2.477M $1.490M
YoY Change -31.54% 41.23%
Operating Profit -$1.631M -$1.230M
YoY Change 241.93% 640.96%
Interest Expense $60.00K
YoY Change -3100.0%
% of Operating Profit
Other Income/Expense, Net $492.0K $30.00K
YoY Change 200.0% -3100.0%
Pretax Income -$1.139M -$1.130M
YoY Change 263.9% 568.64%
Income Tax -$161.0K -$10.00K
% Of Pretax Income
Net Earnings -$959.0K -$1.130M
YoY Change 226.19% 206.23%
Net Earnings / Revenue -15.17% -66.47%
Basic Earnings Per Share -$0.22
Diluted Earnings Per Share -$0.22 -$0.27
COMMON SHARES
Basic Shares Outstanding 4.402M shares 4.373M shares 4.087M shares
Diluted Shares Outstanding 4.373M shares

Balance Sheet

Concept 2024 Q1 2024 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.950M
YoY Change 15.64%
Cash & Equivalents $6.601M $6.952M
Short-Term Investments
Other Short-Term Assets $410.0K
YoY Change -75.81%
Inventory $1.566M $1.413M
Prepaid Expenses $116.0K $141.0K
Receivables $1.253M $1.886M
Other Receivables $1.886M
Total Short-Term Assets $9.646M $10.66M
YoY Change -9.51% -13.49%
LONG-TERM ASSETS
Property, Plant & Equipment $401.0K
YoY Change -83.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $210.0K
YoY Change
Total Long-Term Assets $1.672M $3.223M
YoY Change -48.12% 27.04%
TOTAL ASSETS
Total Short-Term Assets $9.646M $10.66M
Total Long-Term Assets $1.672M $3.223M
Total Assets $11.32M $13.88M
YoY Change -18.48% -6.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $935.0K $928.0K
YoY Change 0.75% 12.08%
Accrued Expenses $2.560M
YoY Change -27.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.837M $4.061M
YoY Change -5.52% -21.63%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.500M
YoY Change 459.7%
Total Long-Term Liabilities $1.500M
YoY Change 459.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.837M $4.061M
Total Long-Term Liabilities $1.500M
Total Liabilities $4.680M $5.667M
YoY Change -17.42% 1.38%
SHAREHOLDERS EQUITY
Retained Earnings -$5.015M -$3.396M
YoY Change 47.67% 48.69%
Common Stock $44.00K $41.00K
YoY Change 7.32% 2.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.645M $8.204M
YoY Change
Total Liabilities & Shareholders Equity $11.32M $13.88M
YoY Change -18.48% -6.57%

Cashflow Statement

Concept 2024 Q1 2024 2023 Q1
OPERATING ACTIVITIES
Net Income -$959.0K -$1.130M
YoY Change 226.19% 206.23%
Depreciation, Depletion And Amortization $159.0K
YoY Change -23.92%
Cash From Operating Activities $415.0K
YoY Change -48.7%
INVESTING ACTIVITIES
Capital Expenditures $118.0K
YoY Change 28.26%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$102.0K
YoY Change -110.29%
FINANCING ACTIVITIES
Cash Dividend Paid $616.0K
YoY Change -39.55%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$557.0K
YoY Change -39.46%
NET CHANGE
Cash From Operating Activities $415.0K
Cash From Investing Activities -$102.0K
Cash From Financing Activities -$557.0K
Net Change In Cash -$244.0K
YoY Change -127.73%
FREE CASH FLOW
Cash From Operating Activities $415.0K
Capital Expenditures $118.0K
Free Cash Flow $297.0K
YoY Change -58.58%

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CY2023 us-gaap Depreciation
Depreciation
209000 usd
CY2024 us-gaap Depreciation
Depreciation
159000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
935000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
932000 usd
CY2024 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
599000 usd
CY2022 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
52000 usd
CY2023 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
504000 usd
CY2024 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
-513000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
89000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
67000 usd
CY2024 us-gaap Inventory Write Down
InventoryWriteDown
86000 usd
CY2024 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
335000 usd
CY2024 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
527000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
14000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
7000 usd
CY2024 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
16000 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
87000 usd
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
89000 usd
CY2024 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
58000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1346000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
145000 usd
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1133000 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
435000 usd
CY2023 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
12000 usd
CY2024 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
107000 usd
CY2022 us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
167000 usd
CY2023 us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
-794000 usd
CY2024 us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
272000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
276000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-93000 usd
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-46000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
153000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
148000 usd
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
36000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
190000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-461000 usd
CY2024 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-118000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-871000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-888000 usd
CY2024 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-527000 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
541000 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-11000 usd
CY2024 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-59000 usd
CY2022 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
7000 usd
CY2023 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-4000 usd
CY2024 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-3000 usd
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
17000 usd
CY2024 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
23000 usd
CY2022 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-276000 usd
CY2023 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
231000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-164000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
809000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
415000 usd
CY2022 hiho Placement Withdrawal Of Time Deposits
PlacementWithdrawalOfTimeDeposits
-1075000 usd
CY2023 hiho Placement Withdrawal Of Time Deposits
PlacementWithdrawalOfTimeDeposits
1075000 usd
CY2023 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
134000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
92000 usd
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
118000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
14000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8000 usd
CY2024 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
16000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1195000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
991000 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-102000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1000 usd
CY2024 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
20000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
98000 usd
CY2024 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
59000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
569000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
1019000 usd
CY2024 us-gaap Payments Of Dividends
PaymentsOfDividends
616000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-549000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-920000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-557000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1908000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
880000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-244000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7757000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6010000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6952000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
161000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62000 usd
CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-107000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6010000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6952000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6601000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(b) Use of estimates</b> - The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management of the Group to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s management based on their estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgements about the carrying value of assets and liabilities that are not readily apparent from other sources. Significant accounting estimates reflected in the Group’s consolidated financial statements included revenue recognition, valuation of goodwill, provision for credit losses of accounts receivable, loan receivable valuation assessment, inventories impairment assessment, long-lived assets and right-of-use (“ROU”) assets impairment assessment, valuation of stock-based compensation, valuation allowance for deferred tax assets, valuation of retirement and other post-retirement benefits and valuation of non-controlling interests of the subsidiaries at acquisition dates. Actual results could differ from those estimates.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The trade controversies between China and the United States and the political unrest in Myanmar have created and may continue to create significant uncertainty in macroeconomic conditions, which may cause further business slowdowns and adversely impact the Group’s results of operations.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(b) Use of estimates </b>- continued - As a result, during the year ended March 31, 2024, the Group faced uncertainties around its estimates of revenue recognition, revenue collectability, accounts receivable credit losses, impairment of inventories, impairment of long-lived assets and ROU assets, valuation allowance for deferred tax assets, valuation of retirement and other post-retirement benefits and valuation of stock-based compensation. The Group expects uncertainties around its key accounting estimates to continue to evolve depending on the duration and degree of impact associated with the trade controversies between China and the United States and the political unrest in Myanmar. Its estimates may change as new events occur and additional information emerges, and such changes are recognized or disclosed in its consolidated financial statements.</span></p>
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
43000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
554000 usd
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
335000 usd
CY2024 hiho Writedown Of Operating Lease Right Of Use Assets
WritedownOfOperatingLeaseRightOfUseAssets
527000 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(l) Concentration of credit risk</b> - Financial instruments that potentially expose the Group to the concentration of credit risk consist primarily of cash and cash equivalents, accounts receivable, loan receivable, other receivables and prepayments. The Group places its cash and cash equivalents with financial institutions with credit ratings and quality where the Group considers acceptable.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The risks with respect to accounts receivables are mitigated by credit evaluations performed on the customers or debtors and ongoing monitoring of outstanding balances.</span></p>
CY2024 hiho Subcontracting Income
SubcontractingIncome
818000 usd
CY2022 us-gaap Revenues
Revenues
12365000 usd
CY2023 us-gaap Revenues
Revenues
10242000 usd
CY2024 us-gaap Revenues
Revenues
6321000 usd
CY2022 us-gaap Revenues
Revenues
12365000 usd
CY2023 us-gaap Revenues
Revenues
10242000 usd
CY2024 us-gaap Revenues
Revenues
6321000 usd
CY2022 hiho Value Added Tax And Surcharges Paid
ValueAddedTaxAndSurchargesPaid
133000 usd
CY2023 hiho Value Added Tax And Surcharges Paid
ValueAddedTaxAndSurchargesPaid
106000 usd
CY2024 hiho Value Added Tax And Surcharges Paid
ValueAddedTaxAndSurchargesPaid
85000 usd
CY2024Q1 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
10000 usd
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
79000 usd
CY2024 us-gaap Proceeds From Other Deposits
ProceedsFromOtherDeposits
10000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
78000 usd
CY2023 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
1000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10000 usd
CY2024Q1 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
23000 usd
CY2024 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1500 hkd
CY2024 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.03 pure
CY2024 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
9000000 mmk
CY2024 hiho Relevant Compensation Price Per Share
RelevantCompensationPricePerShare
0.004
CY2024 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
The Group recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.50 pure
CY2022Q2 hiho Net Liability
NetLiability
4000 usd
CY2022Q2 hiho Share Of Noncontrolling Interestrate
ShareOfNoncontrollingInterestrate
0.49 pure
CY2022Q2 us-gaap Noncontrolling Interest In Variable Interest Entity
NoncontrollingInterestInVariableInterestEntity
2000 usd
CY2023Q1 hiho Share Of Profit By Noncontrolling Interest
ShareOfProfitByNoncontrollingInterest
2000 usd
CY2024 hiho Gain Or Loss On Deregistration
GainOrLossOnDeregistration
0 usd
CY2024 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
527000 usd
CY2024 us-gaap Dividends Stock
DividendsStock
44 usd
CY2023Q1 us-gaap Grants Receivable
GrantsReceivable
309000 usd
CY2024Q1 us-gaap Grants Receivable
GrantsReceivable
0 usd
CY2024 hiho Income Tax Reconciliation Foreign Income Tax Rate Assessable Profit
IncomeTaxReconciliationForeignIncomeTaxRateAssessableProfit
1000000 cny
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.05 pure
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
568000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-313000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1139000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
106000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-12000 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-107000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
101000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-20000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-161000 usd
CY2022 hiho Effective Income Tax Rate Reconciliation In Hongkong
EffectiveIncomeTaxRateReconciliationInHongkong
0.165 pure
CY2023 hiho Effective Income Tax Rate Reconciliation In Hongkong
EffectiveIncomeTaxRateReconciliationInHongkong
0.165 pure
CY2024 hiho Effective Income Tax Rate Reconciliation In Hongkong
EffectiveIncomeTaxRateReconciliationInHongkong
0.165 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.308 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.159 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.079 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.019 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.226 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.104 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.009 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.029 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.047 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.063 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.188 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.004 pure
CY2022 hiho Effective Income Tax Rate Reconciliation Tax Effect Of Tax Losses Not Recognized
EffectiveIncomeTaxRateReconciliationTaxEffectOfTaxLossesNotRecognized
-0.044 pure
CY2023 hiho Effective Income Tax Rate Reconciliation Tax Effect Of Tax Losses Not Recognized
EffectiveIncomeTaxRateReconciliationTaxEffectOfTaxLossesNotRecognized
-0.557 pure
CY2024 hiho Effective Income Tax Rate Reconciliation Tax Effect Of Tax Losses Not Recognized
EffectiveIncomeTaxRateReconciliationTaxEffectOfTaxLossesNotRecognized
-0.123 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.037 pure
CY2022 hiho Effective Income Tax Rate Reconciliation Utilization Of Tax Losses Previously Not Recognized
EffectiveIncomeTaxRateReconciliationUtilizationOfTaxLossesPreviouslyNotRecognized
-0.037 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.212 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.23 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.031 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.178 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.064 pure
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.141 pure
CY2023Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5000 usd
CY2023Q1 hiho Deferred Tax Liabilities Operating Lease Rightofuse Assets
DeferredTaxLiabilitiesOperatingLeaseRightofuseAssets
562000 usd
CY2024Q1 hiho Deferred Tax Liabilities Operating Lease Rightofuse Assets
DeferredTaxLiabilitiesOperatingLeaseRightofuseAssets
163000 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
567000 usd
CY2024Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
163000 usd
CY2024Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
64000 usd
CY2023Q1 hiho Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
460000 usd
CY2024Q1 hiho Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
171000 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
469000 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
720000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
469000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
792000 usd
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
460000 usd
CY2024Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
163000 usd
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
107000 usd
CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
593000 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
494000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
469000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2024 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
323000 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
494000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
469000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
792000 usd
CY2023Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3604000 usd
CY2024Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
4270000 usd
CY2023Q1 hiho Other Tax Losses Carried Forward
OtherTaxLossesCarriedForward
3604000 usd
CY2024Q1 hiho Other Tax Losses Carried Forward
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4093000 usd
CY2023Q1 us-gaap Cash
Cash
48000 usd
CY2024Q1 us-gaap Cash
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6000 usd
CY2023Q1 us-gaap Deposits Assets
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6904000 usd
CY2024Q1 us-gaap Deposits Assets
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6595000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6952000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6601000 usd
CY2023Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
2440000 usd
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1296000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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554000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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43000 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
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1886000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
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1253000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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51000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
554000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
51000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
503000 usd
CY2024 us-gaap Provision For Doubtful Accounts
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CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
51000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
554000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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43000 usd
CY2023Q1 us-gaap Accounts Receivable Net
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28000 usd
CY2023Q1 us-gaap Inventory Raw Materials
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1043000 usd
CY2024Q1 us-gaap Inventory Raw Materials
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1067000 usd
CY2023Q1 us-gaap Inventory Work In Process
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149000 usd
CY2024Q1 us-gaap Inventory Work In Process
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197000 usd
CY2023Q1 us-gaap Inventory Finished Goods
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221000 usd
CY2024Q1 us-gaap Inventory Finished Goods
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302000 usd
CY2023Q1 us-gaap Inventory Net
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1413000 usd
CY2024Q1 us-gaap Inventory Net
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1566000 usd
CY2022 us-gaap Inventory Write Down
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89000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
67000 usd
CY2024 us-gaap Inventory Write Down
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86000 usd
CY2023Q1 us-gaap Prepaid Expense Current
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141000 usd
CY2024Q1 us-gaap Prepaid Expense Current
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116000 usd
CY2023Q1 us-gaap Supplies
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164000 usd
CY2024Q1 us-gaap Supplies
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47000 usd
CY2023Q1 us-gaap Deposits Assets Current
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54000 usd
CY2024Q1 us-gaap Deposits Assets Current
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3000 usd
CY2023Q1 us-gaap Other Prepaid Expense Current
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49000 usd
CY2024Q1 us-gaap Other Prepaid Expense Current
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60000 usd
CY2023Q1 us-gaap Allowance For Doubtful Other Receivables Current
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2000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
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406000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
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226000 usd
CY2022Q1 us-gaap Allowance For Doubtful Other Receivables Current
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1000 usd
CY2023Q1 us-gaap Allowance For Doubtful Other Receivables Current
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2000 usd
CY2022 hiho Provisionreversal For The Year
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1000 usd
CY2023 hiho Provisionreversal For The Year
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1000 usd
CY2024 hiho Provisionreversal For The Year
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CY2022Q1 us-gaap Allowance For Doubtful Other Receivables Current
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1000 usd
CY2023Q1 us-gaap Allowance For Doubtful Other Receivables Current
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2000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
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12213000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
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12082000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11812000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11747000 usd
CY2024Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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335000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
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401000 usd
CY2022 us-gaap Depreciation
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162000 usd
CY2023 us-gaap Depreciation
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209000 usd
CY2024 us-gaap Depreciation
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159000 usd
CY2024 us-gaap Asset Impairment Charges
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335000 usd
CY2023Q1 us-gaap Equity Method Investment Underlying Equity In Net Assets
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5000 usd
CY2024Q1 us-gaap Equity Method Investment Underlying Equity In Net Assets
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5000 usd
CY2023Q1 hiho Accumulated Impairment Losses Recognized
AccumulatedImpairmentLossesRecognized
-5000 usd
CY2024Q1 hiho Accumulated Impairment Losses Recognized
AccumulatedImpairmentLossesRecognized
-5000 usd
CY2023Q1 us-gaap Accrued Payroll Taxes Current
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90000 usd
CY2024Q1 us-gaap Accrued Payroll Taxes Current
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198000 usd
CY2023Q1 hiho Accrued Housing Allowance Current
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210000 usd
CY2024Q1 hiho Accrued Housing Allowance Current
AccruedHousingAllowanceCurrent
155000 usd
CY2023Q1 hiho Accrued Other Social Benefit Current
AccruedOtherSocialBenefitCurrent
1193000 usd
CY2024Q1 hiho Accrued Other Social Benefit Current
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979000 usd
CY2024Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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23000 usd
CY2024Q1 hiho Deposits Received From Customers
DepositsReceivedFromCustomers
10000 usd
CY2023Q1 hiho Accrued Audit Fee
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205000 usd
CY2024Q1 hiho Accrued Audit Fee
AccruedAuditFee
220000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
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310000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
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244000 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
2008000 usd
CY2024Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
1829000 usd
CY2023Q1 hiho Accounts Payable And Other Accrued Liabilities Non Current
AccountsPayableAndOtherAccruedLiabilitiesNonCurrent
17000 usd
CY2024Q1 hiho Accounts Payable And Other Accrued Liabilities Non Current
AccountsPayableAndOtherAccruedLiabilitiesNonCurrent
40000 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1991000 usd
CY2024Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
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1789000 usd
CY2024 hiho Employee Contract Period
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P5Y
CY2024 hiho Eligible Employees To Be Retired Date
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2025-05-01
CY2024Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
390000 hkd
CY2024Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
50000 usd
CY2024Q1 us-gaap Other Employee Related Liabilities Current And Noncurrent
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390000 hkd
CY2024Q1 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
50000 usd
CY2024 us-gaap Lessee Finance Lease Restriction Or Covenant
LesseeFinanceLeaseRestrictionOrCovenant
February 2026
CY2019Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P50Y
CY2019 us-gaap Operating Lease Payments
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10000000 mmk
CY2019 us-gaap Operating Lease Payments
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4.8 usd
CY2019Q1 us-gaap Prepaid Rent
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950000 usd
CY2019 hiho Rental Payments
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P12Y
CY2024Q1 us-gaap Operating Lease Payments
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123 usd
CY2024Q1 us-gaap Operating Lease Payments
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259000000 mmk
CY2024Q1 hiho Rental Payments
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P2Y
CY2024 us-gaap Goodwill Impairment Loss
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527 usd
CY2022 us-gaap Operating Lease Cost
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871000 usd
CY2023 us-gaap Operating Lease Cost
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888000 usd
CY2024 us-gaap Operating Lease Cost
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696000 usd
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P11Y2M19D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y1M24D
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M7D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0859 pure
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0756 pure
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0806 pure
CY2023Q1 hiho Operating Lease Cost Government Subsidy
OperatingLeaseCostGovernmentSubsidy
247000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
631000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
597000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2041000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3269000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1878000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1391000 usd
CY2023 us-gaap Payments For Rent
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247000 usd
CY2023 us-gaap Payments To Employees
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62000 usd
CY2024 hiho Employment Subsidyincluded In Other Income
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0 usd
CY2023 hiho Grants Receivable Amount
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-309000 usd
CY2024 hiho Grants Receivable Amount
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0 usd
CY2023 hiho Percentage Of Rental Payment
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0.50 pure
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
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1000 usd
CY2024 us-gaap Payments To Employees
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1000000 cny
CY2024 us-gaap Payments To Employees
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0 usd
CY2024Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
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0.08 pure
CY2022 us-gaap Financing Receivable Accrued Interest Modified
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8000 usd
CY2023 us-gaap Financing Receivable Accrued Interest Modified
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8000 usd
CY2024 us-gaap Financing Receivable Accrued Interest Modified
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8000 usd
CY2020Q4 us-gaap Line Of Credit Facility Periodic Payment
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1000000 usd
CY2021Q1 us-gaap Line Of Credit Facility Periodic Payment
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1000000 usd
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.10 pure
CY2023 us-gaap Line Of Credit Facility Annual Principal Payment
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263000 usd
CY2023 us-gaap Line Of Credit Facility Periodic Payment Principal
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737000 usd
CY2023 hiho Utilized Credit Facility Amount
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28000 usd
CY2023Q3 us-gaap Dividends Payable Amount Per Share
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0.1
CY2023Q4 us-gaap Dividends Payable Amount Per Share
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0.05
CY2022Q4 us-gaap Dividends Payable Amount Per Share
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0.15
CY2023Q1 us-gaap Dividends Payable Amount Per Share
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0.05
CY2021Q4 us-gaap Dividends Payable Amount Per Share
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0.06
CY2021Q4 us-gaap Dividends Payable Amount Per Share
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0.06
CY2022Q2 us-gaap Dividends Payable Amount Per Share
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0.05
CY2022 us-gaap Net Income Loss
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443000 usd
CY2023 us-gaap Net Income Loss
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CY2024 us-gaap Net Income Loss
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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4033346 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4070524 shares
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4373236 shares
CY2022Q1 hiho Dilutive Stock Option
DilutiveStockOption
154385 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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4187731 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4070524 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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4373236 shares
CY2022 us-gaap Earnings Per Share Basic
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0.11
CY2023 us-gaap Earnings Per Share Basic
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-0.07
CY2024 us-gaap Earnings Per Share Basic
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-0.22
CY2022 us-gaap Earnings Per Share Diluted
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0.11
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
225000 shares
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
195000 shares
CY2024Q1 us-gaap Defined Benefit Plan Benefit Obligation
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23000 usd
CY2024 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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1500 hkd
CY2022 us-gaap Other Tax Expense Benefit
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102000 usd
CY2023 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
90000 usd
CY2024 us-gaap Other Tax Expense Benefit
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86000 usd
CY2024 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.03 pure
CY2024 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
9000 mmk
CY2024 hiho Relevant Compensation Price Per Share
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0.004
CY2022 us-gaap Defined Contribution Plan Cost Recognized
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154000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
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146000 usd
CY2024 us-gaap Defined Contribution Plan Cost Recognized
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156000 usd
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
585000 shares
CY2024Q1 us-gaap Share Price
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1.97
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
500000 shares
CY2020Q1 hiho Fair Value Of Option Price Per Share
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0.33
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.97
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0166 pure
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y6M
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4183 pure
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.08 pure
CY2021Q1 hiho Fair Value Of Option Price Per Share
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0.66
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
2.42
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0022 pure
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y6M
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5356 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.08 pure
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
365000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.97
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y4M9D
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
10000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
5000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
350000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.97
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M9D
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
50000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
75000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
225000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.97
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y4M9D
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
30000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
195000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.97
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y4M9D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
225000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.97
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y4M9D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
195000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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CY2024 us-gaap Depreciation
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159000 usd
CY2022Q1 hiho Capital Expenditure
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134000 usd
CY2023Q1 hiho Capital Expenditure
CapitalExpenditure
92000 usd
CY2024Q1 hiho Capital Expenditure
CapitalExpenditure
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CY2023Q1 us-gaap Assets
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13883000 usd
CY2024Q1 us-gaap Assets
Assets
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401000 usd
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CY2023Q1 us-gaap Contract With Customer Liability
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CY2022 hiho Subcontracting Income
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CY2023 hiho Subcontracting Income
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CY2022 us-gaap Dividends Stock
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2023 hiho Effective Income Tax Rate Reconciliation Utilization Of Tax Losses Previously Not Recognized
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CY2024 hiho Effective Income Tax Rate Reconciliation Utilization Of Tax Losses Previously Not Recognized
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CY2024Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2023Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2022 us-gaap Payments For Rent
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CY2023Q1 hiho Dilutive Stock Option
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CY2024Q1 hiho Dilutive Stock Option
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
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CY2024Q1 us-gaap Property Plant And Equipment Net
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false
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000000
CY2024 dei Entity Central Index Key
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0001026785

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