Haoxin Holdings Ltd
ir.haoxinholdings.comWhat Do They Do?
Provides temperature-controlled truckload transportation and urban delivery services for logistics companies, supermarkets, manufacturers and retail customers in China.
20-F for FY2025, filed Apr 30, 2026We are a provider of temperature-controlled truckload service and urban delivery services in China with over 22 years of experience in the…View ↗
We mainly provide transportation services with our large and medium-sized temperature-controlled logistics transportation vehicles, and…View ↗
Our customers primarily include sizeable logistics companies, supermarkets and manufacturers in the PRC, such as China Post Express…View ↗
How Do They Make Money?
Customers pay for trucking trips based on mileage and the number of services performed. The company invoices monthly, with charges varying according to the actual services provided.
20-F for FY2025, filed Apr 30, 2026
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20-F for FY2025, filed Apr 30, 2026
FY2025 revenue by product or service ↗
$33M
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20-F for FY2025, filed Apr 30, 2026
$33M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Temperature-controlled truckload services
Usage-based
20-F for FY2025, filed Apr 30, 2026 |
98%
FY2022: 85%
|
Temperature-controlled truckload services, FY2025
$32.5M Sources
|
Usage-based |
|
Urban delivery services
Usage-based
|
1.6%
FY2022: 15%
|
Urban delivery services, FY2025
$534.1K Sources
|
Usage-based |
Who Are Their Customers?
Logistics companies, supermarkets and manufacturers are among its main customers; it also serves retail customers. Sales come through referrals and direct marketing, and retail customers place orders through the company’s IT system.
20-F for FY2025, filed Apr 30, 2026Our customers primarily include sizeable logistics companies, supermarkets and manufacturers in the PRC, such as China Post Express…View ↗
Our strength lies in the strength of our relationship with our customers who have been associated with us for a long period. Our sales and…View ↗
Our sales are primarily achieved through referrals and recommendations from existing customers as well as direct marketing. Upon receiving…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 12 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$14M.
20-F for FY2025, filed Apr 30, 2026
$7.8MView ↗
20-F for FY2025, filed Apr 30, 2026
$4MView ↗
20-F for FY2025, filed Apr 30, 2026
−$14MView ↗
How Are They Changing?
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