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 Oct 30, 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 (20-F and 6-K reports).
A small-revenue business shifted from profitable cash generation to heavy development spending, making financing central to its 2025 balance sheet.
Operating cash flow moved from$1.4M in FY2024 to-$1.3M in FY2025, showing that the earnings deterioration reached the cash accounts. Over the same periods, operating profit of$983K became an operating loss of$9.8M , linking the cash reversal to a fundamental change in operating economics rather than a timing difference.
The reported operating loss of
Free cash flow was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 74/100.
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 13/100.
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 24.96, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $13.9M against total liabilities of $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, the one computable operating efficiency signal (asset turnover improving) does not pass.
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
Hang Feng Technology Innovation Co., Ltd. generated $2.3M in revenue in fiscal year 2025. This represents an increase of 14.7% from the prior year.
Hang Feng Technology Innovation Co., Ltd.'s EBITDA was -$9.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1083.1% from the prior year.
Hang Feng Technology Innovation Co., Ltd. reported a net loss of $9.6M in fiscal year 2025. This represents a decrease of 1206.2% from the prior year.
Hang Feng Technology Innovation Co., Ltd. earned -$1.65 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 850.0% from the prior year.
Cash & Balance Sheet
Hang Feng Technology Innovation Co., Ltd. recorded an outflow of $1.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 197.5% from the prior year.
Hang Feng Technology Innovation Co., Ltd. held $7.4M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Hang Feng Technology Innovation Co., Ltd.'s ROE was -112.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 133.4 percentage points from the prior year.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Hang Feng Technology Innovation Co., Ltd. invested $9.0M in research and development in fiscal year 2025.
Hang Feng Technology Innovation Co., Ltd. invested $886 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 97.8% from the prior year.
Not reported for fiscal year 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.
| Metric | FY2520-F | FY2420-F |
|---|---|---|
| Revenue | $2.3M+14.7% | $2.0M |
| R&D Expenses | $9.0M | N/A |
| SG&A Expenses | $252K+1442.8% | $16K |
| Operating Income | -$9.8M-1092.5% | $983K |
| EBITDA | -$9.7M-1083.1% | $991K |
| Income Tax | -$49K-140.8% | $120K |
| Net Income | -$9.6M-1206.2% | $867K |
| EPS (Basic) | -$1.65-850.0% | $0.22 |
| EPS (Diluted) | -$1.65-850.0% | $0.22 |
| Diluted Shares (Avg) | 6M+45.2% | 4M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Interest Expense.
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 | FY2520-F | FY2420-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 | $0n/m | $0 |
| Accounts Receivable | $32K-41.4% | $55K |
| Long-Term Investments | $0n/m | $0 |
| Total Liabilities | $285K-86.5% | $2.1M |
| Current Liabilities | $232K-89.1% | $2.1M |
| Non-Current Liabilities | $53Kn/m | $0 |
| Total Equity | $8.6M+110.1% | $4.1M |
| Retained Earnings | -$11.5Mn/m | -$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: 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, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Hang Feng Technology Innovation Co., Ltd. FOFO | FY2025 | $2.3M | -$9.6M | N/A | $13.9M | 49/100 |
| Greenpro Capital Corp. GRNQ | FY2025 | $2.1M | -$3.0M | N/A | $12.1M | 40/100 |
| Intelligent Group Limited INTJ | FY2025 | $2.4M | -$2.3M | -98.4% | $6.7M | 42/100 |
| Aeries Technology, Inc. AERT | FY2026 | $70.0M | $2.8M | 4.0% | $31.6M | 31/100 |
| rYojbaba Co., Ltd. RYOJ | FY2025 | $9.3M | $119K | 1.3% | $29.2M | 44/100 |
| Acco Group Holdings Limited ACCL | FY2026 | $5.1M | $286K | 5.6% | $34.9M | 76/100 |
Where Hang Feng Technology Innovation Co., Ltd. Ranks
Frequently Asked Questions
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.
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.
No, Hang Feng Technology Innovation Co., Ltd. (FOFO) reported a net loss of $9.6M in fiscal year 2025.
Hang Feng Technology Innovation Co., Ltd. (FOFO) had EBITDA of -$9.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
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.
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.
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.
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.
Hang Feng Technology Innovation Co., Ltd. (FOFO) invested $886 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Hang Feng Technology Innovation Co., Ltd. (FOFO) invested $9.0M in research and development during fiscal year 2025.
Hang Feng Technology Innovation Co., Ltd. (FOFO) had a current ratio of 32.97 as of fiscal year 2025, which is generally considered healthy.
Hang Feng Technology Innovation Co., Ltd. (FOFO) had a liabilities-to-equity ratio of 0.03 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
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.
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 $13.9M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Hang Feng Technology Innovation Co., Ltd. (FOFO) trades at 6.0x sales, its market capitalization divided by $2.3M revenue, FY2025. The market capitalization is $13.9M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
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.
Hang Feng Technology Innovation Co., Ltd. (FOFO) has an Altman Z-Score of 24.96, 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.
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.
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.
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 the average 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.