HONGCHANG INTL CO LTD
0.2369+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · HCIL · USD
Key Stats
Market Cap
122.91MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q1 FY2026 results
Hongchang International swung to a solid quarter, posting revenue of $3.8M for Q1 FY2026 ended June 30, 2025—up 94% y/y from $2.0M—fueled by meat sales from new subsidiary Pucheng Green Health Food and $0.4M in rental income from the Hongchang Food Industrial Park. Gross profit climbed to $0.6M (16.0% margin), a sharp rebound from $0.1M (5.0% margin) last year, while operating income hit $0.5M versus a $24K loss; net income landed at $0.5M, or $0.00 per diluted share on 518.8M shares. Cash dipped to $0.05M amid $0.2M operating outflow, yet total liquidity holds with $17.5M in construction-in-progress for Phase II. Debt stands at $6.9M, secured by assets and guarantees. Revenue hinges on two clients (93% share). One vendor dominates purchases.
8-K
Fiscal year end changed
Hongchang International Co., Ltd. shifted its fiscal year end from December 31 to March 31, effective May 12, 2025, as approved by the board. This aligns reporting with its operational cycle in China's food sector. The company will file a Form 10-K transition report covering January 1 to March 31, 2025. No financial impacts disclosed.
8-K
Auditor and leadership changes
Hongchang International Co., Ltd. dismissed WWC, P.C. as its independent auditor and appointed Enrome LLP effective April 24, 2025, with no disagreements or reportable events noted from prior audits. On the same date, Chairman Ban Siong Ang resigned for personal reasons but stayed on the board, while CEO Zengqiang Lin stepped up as new Chairman; Board Secretary Qingqing Wang also resigned without disputes. These shifts signal internal adjustments, yet operations remain steady.
10-K
FY2024 results
Hongchang International posted FY2024 revenue of $2.9 million, edging up 7% from $2.7 million in 2023, fueled by a late-year push into beef and mutton trading that boosted Q4 sales momentum after a slower start. Gross profit swelled to $182K from $69K, lifting margins to 6.3% amid tighter cost controls, yet operating losses narrowed only slightly to $383K as G&A expenses ticked up 4% to $561K. Q4 shone with sequential revenue gains from new product lines, underscoring early traction in food trade while the $41M industrial park construction drags on cash, ending the year at $241K after $10M in related-party financing. No dividends or buybacks materialized. The PRC government's sway over foreign exchange could crimp dividend flows and quarterly cash momentum.
10-Q
Q3 FY2024 results
Hongchang International ramped up revenue to $820,608 in Q3 2024 ended September 30, surging 1,496.6% y/y from $51,397, while gross profit flipped to $50,136 from a $11,558 loss, yielding a 6.1% margin. Yet operating loss narrowed to $52,688 from $148,751, thanks to tamer G&A expenses down 26.1% y/y to $101,442. For the nine months, revenue hit $2.8M, up 3,507% y/y, but net loss eased to $163,020 from $392,435, with EPS steady at $(0.00) across 518.8M diluted shares. Cash dipped to $307K amid $9.8M investing outflows for the $44.1M construction-in-progress on its food park, offset by $11.9M financing including $6.3M bank loans at 5.25% maturing 2034, secured by the project. Construction commitments stand at $13.1M. Revenue hinges on a single client at 25%.
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