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Haoxin Holdings Limited reported strong unaudited interim results for the six months ended June 30, 2025, with revenue rising to $17,842,518 from $9,326,184, a 91.3% increase. Growth was driven by temperature-controlled truckload services, where revenue grew to $17,313,190 from $8,312,245, while urban delivery revenue declined to $529,328 from $1,013,939.
Operating income doubled to $4,252,100 from $2,118,754, and net income increased 45.5% to $1,772,369. Profitability was tempered by higher transportation costs, a $813,141 loss on disposal of subsidiaries Haiyue and Longanda, and increased tax expense. Despite higher earnings, operating activities used $3,947,538 of cash, mainly due to a large rise in prepayments.
The company invested $3,443,249 in equipment and loans and raised $8,761,489 from financing activities, including $6,449,265 of initial public offering proceeds. Cash and restricted cash increased to $1,564,299, and working capital reached $22,488,662 as of June 30, 2025. Management estimates it will need about $14.6 million over the next twelve months to operate at its current level.
Haoxin Holdings Limited reported that it received a notice from Nasdaq on December 15, 2025 stating that the company is not in compliance with the Nasdaq Capital Market’s minimum bid price requirement of
The update was disclosed through a press release dated December 17, 2025, which is attached as an exhibit to the report.