Hang Feng Technology Innovation Co., Ltd. (FOFO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FOFO SEC filings page.
Hang Feng Technology Innovation Co., Ltd. (FOFO) reported $2.3M in revenue for fiscal year 2025, up 14.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Development spending overwhelms the revenue base, shifting Hang Feng from reported profitability in FY2024 to heavy operating losses in FY2025.
Revenue increased modestly from$2.0M to$2.3M , but research and development reached$9.0M ; that spending helps explain the$9.6M net loss, while operating cash flow of-$1.3M was far less negative, showing that accounting loss and cash movement diverged substantially without identifying the precise adjustments.
The business model changed materially across the two reported years: FY2024 produced
FY2025 financing reshaped the balance sheet: financing cash inflow reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Hang Feng Technology Innovation Co., Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Hang Feng Technology Innovation Co., Ltd.'s reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 10/100.
Hang Feng Technology Innovation Co., Ltd.'s revenue grew 14.7% year-over-year to $2.3M, a solid pace of expansion. This earns a growth score of 75/100.
Hang Feng Technology Innovation Co., Ltd. carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 32.97, Hang Feng Technology Innovation Co., Ltd. holds $32.97 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Hang Feng Technology Innovation Co., Ltd.'s operations used $1.3M of cash, and capex of $886 added to the outflow, for a free cash flow shortfall of $1.3M. This results in a cash flow score of 12/100.
Hang Feng Technology Innovation Co., Ltd. posts a -112.1% return on equity (ROE), meaning it loses $112 for every $100 of shareholders' equity. This results in a returns score of 10/100. This is down from 21.3% the prior year.
Hang Feng Technology Innovation Co., Ltd. scores 26.45, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($14.6M) relative to total liabilities ($285K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Hang Feng Technology Innovation Co., Ltd. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Hang Feng Technology Innovation Co., Ltd. reported a net loss of $9.6M while operations used $1.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Hang Feng Technology Innovation Co., Ltd. held $7.4M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
FOFO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
FOFO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F |
|---|---|---|
| Total Assets | $8.8M+42.8% | $6.2M |
| Current Assets | $7.6M+33.1% | $5.7M |
| Cash & Equivalents | $7.4M+192.8% | $2.5M |
| Short-Term Investments | $0 | $0 |
| Accounts Receivable | $32K-41.4% | $55K |
| Long-Term Investments | $0 | $0 |
| Total Liabilities | $285K-86.5% | $2.1M |
| Current Liabilities | $232K-89.1% | $2.1M |
| Non-Current Liabilities | $53K | $0 |
| Total Equity | $8.6M+110.1% | $4.1M |
| Retained Earnings | -$11.5M-496.3% | -$1.9M |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
FOFO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
FOFO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Where Hang Feng Technology Innovation Co., Ltd. Ranks
Frequently Asked Questions
What is Hang Feng Technology Innovation Co., Ltd.'s annual revenue?
Hang Feng Technology Innovation Co., Ltd. (FOFO) reported $2.3M in total revenue for fiscal year 2025. This represents a 14.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hang Feng Technology Innovation Co., Ltd.'s revenue growing?
Hang Feng Technology Innovation Co., Ltd. (FOFO) revenue grew by 14.7% year-over-year, from $2.0M to $2.3M in fiscal year 2025.
Is Hang Feng Technology Innovation Co., Ltd. profitable?
No, Hang Feng Technology Innovation Co., Ltd. (FOFO) reported a net income of -$9.6M in fiscal year 2025.
What is Hang Feng Technology Innovation Co., Ltd.'s EBITDA?
Hang Feng Technology Innovation Co., Ltd. (FOFO) had EBITDA of -$9.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Hang Feng Technology Innovation Co., Ltd.'s return on equity (ROE)?
Hang Feng Technology Innovation Co., Ltd. (FOFO) has a return on equity of -112.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hang Feng Technology Innovation Co., Ltd.'s free cash flow?
Hang Feng Technology Innovation Co., Ltd. (FOFO) recorded an outflow of $1.3M in free cash flow during fiscal year 2025. This represents a -197.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hang Feng Technology Innovation Co., Ltd.'s operating cash flow?
Hang Feng Technology Innovation Co., Ltd. (FOFO) recorded an outflow of $1.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Hang Feng Technology Innovation Co., Ltd.'s total assets?
Hang Feng Technology Innovation Co., Ltd. (FOFO) had $8.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hang Feng Technology Innovation Co., Ltd.'s capital expenditures?
Hang Feng Technology Innovation Co., Ltd. (FOFO) invested $886 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Hang Feng Technology Innovation Co., Ltd. spend on research and development?
Hang Feng Technology Innovation Co., Ltd. (FOFO) invested $9.0M in research and development during fiscal year 2025.
What is Hang Feng Technology Innovation Co., Ltd.'s current ratio?
Hang Feng Technology Innovation Co., Ltd. (FOFO) had a current ratio of 32.97 as of fiscal year 2025, which is generally considered healthy.
What is Hang Feng Technology Innovation Co., Ltd.'s debt-to-equity ratio?
Hang Feng Technology Innovation Co., Ltd. (FOFO) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hang Feng Technology Innovation Co., Ltd.'s return on assets (ROA)?
Hang Feng Technology Innovation Co., Ltd. (FOFO) had a return on assets of -108.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hang Feng Technology Innovation Co., Ltd.'s P/E ratio?
Hang Feng Technology Innovation Co., Ltd. (FOFO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $14.6M as of Sep 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hang Feng Technology Innovation Co., Ltd.'s price-to-sales ratio?
Hang Feng Technology Innovation Co., Ltd. (FOFO) trades at 6.3x sales, its market capitalization divided by revenue of $2.3M revenue, FY2025. The market capitalization is $14.6M as of Sep 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Hang Feng Technology Innovation Co., Ltd.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Hang Feng Technology Innovation Co., Ltd. (FOFO) held $7.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.3M over that year. Dividing the one by the other, the reported balance equals about 69 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Hang Feng Technology Innovation Co., Ltd.'s Altman Z-Score?
Hang Feng Technology Innovation Co., Ltd. (FOFO) has an Altman Z-Score of 26.45, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Hang Feng Technology Innovation Co., Ltd.'s Piotroski F-Score?
Hang Feng Technology Innovation Co., Ltd. (FOFO) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hang Feng Technology Innovation Co., Ltd.'s earnings high quality?
Hang Feng Technology Innovation Co., Ltd. (FOFO) reported a net loss of $9.6M while operations used $1.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Hang Feng Technology Innovation Co., Ltd.?
Hang Feng Technology Innovation Co., Ltd. (FOFO) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.