HANJIAO GROUP INC (HJGP) Financials

HJGP

FY2021 annual

Revenue $2.5M +273.3% YoY

Net Income -$6.9M +54.2% YoY

Free Cash Flow -$2.5M +89.8% YoY

Operating Cash Flow -$2.3M +89.7% YoY

Market Cap $29K as of Sep 11, 2026

Price / Sales 0.0x on $1.7M revenue, trailing 12 months to September 30, 2022

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to September 30, 2022

Price / Book n/m negative shareholder equity, so no book multiple, Q3 FY2022

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 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2022, ended Sep 30, 2022 Reported Dec 30, 2022 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2022, filed Dec 30, 2022. Each column of the statement tables below links to the filing it was taken from.

HANJIAO GROUP INC (HJGP) reported $2.5M in revenue for fiscal year 2021, up 273.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).

Rhea AI HJGP FY2021 2026-08-30

The business restored gross margin, but operating costs overwhelm gross profit while liabilities exceed assets.

After FY2020’s negative gross margin, FY2021 returned to a 12.7% gross margin, yet operating margin remained -168.8%. That recovery was confined to the gross-profit line: selling, general and administrative expense of $2.7M still overwhelmed gross profit of $320K.

Current assets were only $1.3M against current liabilities of $34.5M, producing a near-zero current ratio of 0.0x. Liabilities of $34.5M exceeded assets of $22.0M, leaving the company with negative equity rather than merely a high conventional leverage ratio.

Operating cash flow of -$2.3M and free cash flow of -$2.5M were closely aligned, so the reported loss was accompanied by similar cash pressure rather than a large noncash gap. Capital expenditures were just $140K, while reported liquidity equaled 4.3 months of annual operating outflow, pointing to limited balance-sheet flexibility.

Financial Health Signals

Financial health score not available

HANJIAO GROUP INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-3.63

HANJIAO GROUP INC scores -3.63, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($29K) relative to total liabilities ($34.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

HANJIAO GROUP INC passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

HANJIAO GROUP INC reported a net loss of $6.9M while operations used $2.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

HANJIAO GROUP INC reported an operating loss of $4.3M against $17K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$8K

YoY-99.2%

QoQ-86.6%

HANJIAO GROUP INC generated $8K in revenue in Q3 2022. This represents a decrease of 99.2% from the same quarter a year earlier. Against the prior quarter it is down 86.6%.

EBITDA

-$333K

YoY+32.0%

QoQ+47.5%

HANJIAO GROUP INC's EBITDA was -$333K in Q3 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.0% from the same quarter a year earlier. Against the prior quarter it is up 47.5%.

Net Income

-$1.1M

YoY+14.5%

QoQ+20.3%

HANJIAO GROUP INC reported -$1.1M in net income in Q3 2022. This represents an increase of 14.5% from the same quarter a year earlier. Against the prior quarter it is up 20.3%.

EPS (Diluted)

-$0.01

YoY0.0%

QoQ0.0%

HANJIAO GROUP INC earned -$0.01 per diluted share (EPS) in Q3 2022. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Cash & Balance Sheet

Cash & Debt

$5K

YoY-99.5%

QoQ-78.2%

HANJIAO GROUP INC held $5K in cash as of Q3 2022; long-term debt is not reported for that period.

Shares Outstanding

97M

YoY0.0%

QoQ0.0%

HANJIAO GROUP INC had 97M shares outstanding in Q3 2022. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q3 2022.

Dividends Per Share

Not reported for Q3 2022.

Margins & Returns

Gross Margin

Not reported for Q3 2022.

Operating Margin

Not shown for Q3 2022: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q3 2022: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q3 2022.

Capital Allocation

None of these metrics is reported for Q3 2022.

HJGP 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.

HJGP quarterly income statement

Metric	TTM	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$1.7M	$2.5M+273.3%	$675K-98.8%	$58.2M	$0
Cost of Revenue	N/A	$2.2M+22.1%	$1.8M-95.7%	$41.8M	N/A
Gross Profit	N/A	$320K+128.4%	-$1.1M-106.8%	$16.5M	N/A
SG&A Expenses	$2.1M	$2.7M-63.7%	$7.3M-9.8%	$8.1M+350415.0%	$2K
Operating Income	-$3.0M	-$4.3M+60.1%	-$10.7M-328.2%	$4.7M	N/A
EBITDA	N/A	-$4.0M+62.5%	-$10.6M-319.2%	$4.8M	N/A
Interest Expense	N/A	$17K-45.1%	$31K+89.6%	$16K-46.1%	$30K
Income Tax	$0	$0	$0-100.0%	$931K	$0
Net Income	-$5.6M	-$6.9M+54.2%	-$15.0M-1222.3%	$1.3M+4210.3%	-$33K

Metric	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-Q	Q3'2110-Q	Q2'2110-Q	Q1'2110-Q	Q4'2010-K
Revenue	$8K-99.2%	$61K-81.8%	$706K+193.6%	$891K+91.5%	$1.1M+1188.5%	$338K+258.6%	$240K+600.5%	$465K
Cost of Revenue	N/A	-$9K-101.8%	$447K+288.7%	$1.0M-12.2%	$506K+24.1%	$536K+221.8%	$115K+196.8%	$1.2M
Gross Profit	N/A	N/A	$259K+106.3%	-$153K+78.9%	$546K+267.5%	-$198K-174.0%	$125K+2917.9%	-$724K
SG&A Expenses	$288K-53.4%	$513K-8.4%	$523K-30.7%	$729K-84.5%	$618K-18.5%	$560K-24.3%	$754K-33.4%	$4.7M
Operating Income	-$359K+33.0%	-$655K+48.0%	-$652K+44.4%	-$1.3M+55.0%	-$536K+77.4%	-$1.3M+60.7%	-$1.2M+47.4%	-$2.9M
EBITDA	-$333K+32.0%	-$635K+48.1%	-$607K+41.8%	-$1.2M+57.3%	-$490K+79.3%	-$1.2M+61.6%	-$1.0M+52.5%	-$2.9M
Income Tax	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	-$1.1M+14.5%	-$1.4M+30.4%	-$1.5M+23.5%	-$1.6M+58.4%	-$1.3M+56.7%	-$2.1M+45.6%	-$1.9M+56.4%	-$3.7M
EPS (Basic)	-$0.010.0%	-$0.01+50.0%	-$0.020.0%	N/A	-$0.01	-$0.02	-$0.02	N/A
EPS (Diluted)	-$0.010.0%	-$0.01+50.0%	-$0.020.0%	N/A	-$0.01	-$0.02	-$0.02	N/A
Diluted Shares (Avg)	97M0.0%	97M0.0%	97M0.0%	N/A	97M	97M	97M	N/A

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

HJGP Balance Sheet

HJGP quarterly balance sheet

Metric	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$22.0M-15.5%	$26.1M-39.1%	$42.8M+200.4%	$14.3M
Current Assets	$1.3M-88.5%	$11.4M-63.2%	$31.1M+47839430.8%	$65
Cash & Equivalents	$839K-68.4%	$2.7M-90.8%	$28.9M	N/A
Short-Term Investments	$0	$0	$0	N/A
Inventory	$248K-82.9%	$1.4M-9.5%	$1.6M	N/A
Long-Term Investments	$0	$0	$0	N/A
Total Liabilities	$34.5M+9.7%	$31.4M-2.9%	$32.4M+66479.3%	$49K
Current Liabilities	$34.5M+10.0%	$31.3M-3.2%	$32.4M+66479.3%	$49K
Non-Current Liabilities	$0-100.0%	$99K	$0	$0
Total Equity	-$12.4M-133.1%	-$5.3M-150.9%	$10.5M-26.3%	$14.2M
Retained Earnings	-$20.5M-50.5%	-$13.6M-737.0%	$2.1M+105.9%	-$36.1M

Metric	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-Q	Q3'2110-Q	Q2'2110-Q	Q1'2110-Q	Q4'2010-K
Total Assets	$18.8M-18.0%	$20.0M-14.9%	$21.4M-12.2%	$22.0M-15.5%	$22.9M-16.2%	$23.5M+1187.5%	$24.3M+340.8%	$26.1M-39.1%
Current Assets	$230K-97.3%	$272K-97.0%	$476K-95.2%	$1.3M-88.5%	$8.4M-35.2%	$9.0M+354575.2%	$10.0M	$11.4M-63.2%
Cash & Equivalents	$5K-99.5%	$22K-97.9%	$201K-85.1%	$839K-68.4%	$914K-77.0%	$1.0M	$1.3M	$2.7M-90.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$87K-91.6%	$87K-92.8%	$6K-99.6%	$248K-82.9%	$1.0M-54.0%	$1.2M	$1.3M	$1.4M-9.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$33.7M+0.5%	$34.6M+5.5%	$35.3M+12.0%	$34.5M+9.7%	$33.6M+15.0%	$32.8M+12498.9%	$31.5M+18486.2%	$31.4M-2.9%
Current Liabilities	$33.7M+0.5%	$34.6M+5.5%	$35.2M+11.7%	$34.5M+10.0%	$33.6M+15.6%	$32.8M+12498.9%	$31.5M+18486.2%	$31.3M-3.2%
Non-Current Liabilities	$0	$0	$110K	$0-100.0%	$0-100.0%	$0	$0	$99K
Total Equity	-$15.0M-40.0%	-$14.6M-56.6%	-$13.9M-93.9%	-$12.4M-133.1%	-$10.7M-561.8%	-$9.3M-696.9%	-$7.2M-234.3%	-$5.3M-150.9%
Retained Earnings	-$24.5M-29.6%	-$23.4M-33.0%	-$22.0M-41.4%	-$20.5M-50.5%	-$18.9M-86.5%	-$17.6M+51.6%	-$15.5M+57.2%	-$13.6M-737.0%

Not reported in any period shown, so not listed: Accounts Receivable, Goodwill, Long-Term Debt.

HJGP Cash Flow Statement

HJGP quarterly cash flow statement

Metric	TTM	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	-$921K	-$2.3M+89.7%	-$22.5M-191.1%	$24.7M+38047106.2%	$65
Depreciation & Amortization	N/A	$280K+311.2%	$68K-57.7%	$161K	N/A
Capital Expenditures	N/A	$140K-91.6%	$1.7M+18119.2%	$9K	N/A
Free Cash Flow	N/A	-$2.5M+89.8%	-$24.2M-197.9%	$24.7M	N/A
Investing Cash Flow	N/A	-$140K+91.6%	-$1.7M+85.6%	-$11.6M	N/A
Financing Cash Flow	N/A	$0+100.0%	-$2.0M-5.8%	-$1.9M	$0
Dividends Paid	N/A	$0-100.0%	$741K-76.2%	$3.1M	N/A

Metric	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-Q	Q3'2110-Q	Q2'2110-Q	Q1'2110-Q	Q4'2010-K
Operating Cash Flow	$38K-72.7%	-$159K+84.0%	-$639K+51.0%	-$160K+85.0%	$137K+106.1%	-$993K+82.6%	-$1.3M+90.4%	-$1.1M+21.8%
Depreciation & Amortization	$26K-43.7%	$20K-42.9%	$45K-65.2%	$42K+149.0%	$46K+583.8%	$35K+58.6%	$129K+334.2%	-$87K-319.2%
Capital Expenditures	N/A	N/A	N/A	-$57K-51.8%	$193K+1220.7%	N/A	N/A	-$118K+192619.7%
Free Cash Flow	N/A	N/A	N/A	-$217K+81.7%	-$56K+97.5%	N/A	N/A	-$1.2M+13.2%
Investing Cash Flow	$0+100.0%	N/A	N/A	$57K-51.8%	-$193K-1220.7%	N/A	N/A	$118K+52.8%
Financing Cash Flow	N/A	N/A	N/A	$0+100.0%	$0-100.0%	$0+100.0%	$0+100.0%	-$250K+85.1%
Dividends Paid	N/A	N/A	N/A	$0-100.0%	$0+100.0%	$0+100.0%	$0-100.0%	$18K-99.4%

Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.

HJGP 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.

HJGP quarterly financial ratios

Metric	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Gross Margin	12.7%	-166.9%	28.3%	N/A
Operating Margin	-168.8%	-1580.5%	8.0%	N/A
Net Margin	-272.8%	-2223.9%	2.3%	N/A
Return on Equity	N/A	N/A	12.8%+13.0pp	-0.2%
Return on Assets	-31.2%+26.4pp	-57.6%-60.7pp	3.1%+3.4pp	-0.2%
Current Ratio	0.04-0.3x	0.37-0.6x	0.96+1.0x	0.00
Debt-to-Equity	N/A	N/A	3.09+3.1x	0.00
Asset Turnover	0.11+0.1x	0.03-1.3x	1.36+1.4x	0.00
FCF Margin	-97.5%	-3584.3%	42.4%	N/A

Metric	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-Q	Q3'2110-Q	Q2'2110-Q	Q1'2110-Q	Q4'2010-K
Gross Margin	N/A	N/A	36.6%-15.5pp	-17.2%	51.9%	-58.7%+18.1pp	52.1%+65.1pp	-155.6%
Operating Margin	-4372.1%	-1067.8%	-92.4%	-144.6%	-50.9%	-373.0%	-487.7%	-615.8%
Net Margin	-13922.6%	-2338.4%	-209.1%	-174.2%	-127.0%	-609.9%	-802.0%	-801.5%
Return on Assets	-6.1%-0.3pp	-7.2%+1.6pp	-6.9%+1.0pp	-7.0%+7.3pp	-5.8%+5.5pp	-8.8%+198.9pp	-7.9%+72.1pp	-14.3%
Current Ratio	0.01-0.2x	0.01-0.3x	0.01-0.3x	0.04-0.3x	0.25-0.2x	0.27+0.3x	0.32+0.3x	0.37-0.6x
Asset Turnover	0.000.0x	0.000.0x	0.030.0x	0.040.0x	0.050.0x	0.010.0x	0.010.0x	0.02
FCF Margin	N/A	N/A	N/A	-24.3%	-5.3%	N/A	N/A	-255.4%

Not reported in any period shown, so not listed: Return on Equity, 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: Gross Margin, Operating Margin, Net Margin, FCF Margin.

Note: Shareholder equity is negative (-$12.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where HANJIAO GROUP INC Ranks

Frequently Asked Questions

What is HANJIAO GROUP INC's annual revenue?

HANJIAO GROUP INC (HJGP) reported $2.5M in total revenue for fiscal year 2021. This represents a 273.3% 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 HANJIAO GROUP INC's revenue growing?

HANJIAO GROUP INC (HJGP) revenue grew by 273.3% year-over-year, from $675K to $2.5M in fiscal year 2021.

Is HANJIAO GROUP INC profitable?

No, HANJIAO GROUP INC (HJGP) reported a net income of -$6.9M in fiscal year 2021.

What is HANJIAO GROUP INC's EBITDA?

HANJIAO GROUP INC (HJGP) had EBITDA of -$4.0M in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization.

What is HANJIAO GROUP INC's gross margin?

HANJIAO GROUP INC (HJGP) had a gross margin of 12.7% in fiscal year 2021, indicating the percentage of revenue retained after direct costs of goods sold.

What is HANJIAO GROUP INC's free cash flow?

HANJIAO GROUP INC (HJGP) recorded an outflow of $2.5M in free cash flow during fiscal year 2021. This represents a 89.8% 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 HANJIAO GROUP INC's operating cash flow?

HANJIAO GROUP INC (HJGP) recorded an outflow of $2.3M in operating cash flow during fiscal year 2021, representing cash used by core business activities.

What are HANJIAO GROUP INC's total assets?

HANJIAO GROUP INC (HJGP) had $22.0M in total assets as of fiscal year 2021, including both current and long-term assets.

What are HANJIAO GROUP INC's capital expenditures?

HANJIAO GROUP INC (HJGP) invested $140K in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.

How many shares does HANJIAO GROUP INC have outstanding?

HANJIAO GROUP INC (HJGP) had 97M shares outstanding as of fiscal year 2021.

What is HANJIAO GROUP INC's current ratio?

HANJIAO GROUP INC (HJGP) had a current ratio of 0.04 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.

What is HANJIAO GROUP INC's return on assets (ROA)?

HANJIAO GROUP INC (HJGP) had a return on assets of -31.2% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.

What is HANJIAO GROUP INC's P/E ratio?

HANJIAO GROUP INC (HJGP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to September 30, 2022). The market capitalization is $29K as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is HANJIAO GROUP INC's price-to-sales ratio?

HANJIAO GROUP INC (HJGP) trades at 0.0x sales, its market capitalization divided by revenue of $1.7M revenue, trailing 12 months to September 30, 2022. The market capitalization is $29K as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does HANJIAO GROUP INC's liquidity compare with its operating cash outflow?

At the end of fiscal year 2021, HANJIAO GROUP INC (HJGP) held $839K in cash, cash equivalents and investments, and reported an operating cash outflow of $2.3M over that year. Dividing the one by the other, the reported balance equals about 4 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.

Why is HANJIAO GROUP INC's debt-to-equity ratio negative or not reported?

HANJIAO GROUP INC (HJGP) has negative shareholder equity of -$12.4M as of fiscal year 2021, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is HANJIAO GROUP INC's Altman Z-Score?

HANJIAO GROUP INC (HJGP) has an Altman Z-Score of -3.63, placing it in the Distress Zone (elevated 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 HANJIAO GROUP INC's Piotroski F-Score?

HANJIAO GROUP INC (HJGP) has a Piotroski F-Score of 5 out of 8 computable signals; 1 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 HANJIAO GROUP INC's earnings high quality?

HANJIAO GROUP INC (HJGP) reported a net loss of $6.9M while operations used $2.3M 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.

Can HANJIAO GROUP INC cover its interest payments?

HANJIAO GROUP INC (HJGP) reported an operating loss of $4.3M against $17K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.