HNIT
10.00
+5.00+100%
May 12, 3:46:13 PM EDT
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
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0%Recent Filings
10-Q
Q3 FY2026 results
Huineng Technology posted Q3 FY2026 revenue of $4,900, down 32% y/y from $7,200 but up from $2,800 in Q2 (derived), with gross margins at 100% on zero cost of revenue. For the nine months ended August 31, 2025, revenue fell 54% y/y to $9,500 from $20,700, while operating loss narrowed to $26,563 from $28,440, thanks to lower general and administrative expenses of $36,063 versus $49,140; net loss of $25,772 reflects minor other income of $791. Hong Kong drove 94% of YTD revenue at $8,900, dwarfing Malaysia's $600, with website development contributing $6,100. Cash dwindled to $2,171 after $7,856 used in operations, but equity turned positive at $3,354 following a 39 million-share issuance; no debt or capex. The subsidiary dissolved in April 2025. Customer concentration remains high. Yet losses persist.
8-K
Control shifts to Ping Li
Huineng Technology Corporation underwent a control change on August 1, 2025, when Ping Li acquired 32,140,000 common shares from Kae Ren Tee for $0.001 each, funded by Li's personal capital. This deal handed Li 72.2% voting control on a fully diluted basis. Control shifted swiftly. The filing reveals no further strategic plans or risks tied to the ownership switch.
10-Q
Q2 FY2025 results
Huineng Technology posted Q2 FY2025 revenue of $3,400, down 51% y/y from $6,900, while six-month revenue fell 66% y/y to $4,600 amid the dissolution of its Malaysian subsidiary in April. Gross margins held at 100% with no cost of revenue, but operating losses widened to $12,436 (q/q derived) and $21,827 YTD, driven by higher general and administrative expenses of $15,836 in Q2, up 51% y/y, mainly from audit and professional fees. Diluted EPS improved to $(0.0002) from $(0.0009) y/y, reflecting a 39M-share issuance that boosted equity to $8,090; no anti-dilution effects noted. Cash dipped to $8,442 with $1,584 used in operations YTD and no FCF disclosed in the 10-Q, yet liabilities shrank to $10,000. Revenue skewed to Hong Kong (87%). Customer concentration persists.
10-Q
Q1 FY2025 results
Huineng Technology posted Q1 FY2025 revenue of $1,200, down sharply from $6,600 a year earlier, as website services in Hong Kong and Malaysia slowed. Gross margins held at 100% with no costs, but general and administrative expenses ticked up to $10,591 from $10,302, driving an operating loss of $9,391 versus $3,702 last year—net loss matched since no taxes applied. Diluted EPS came in at $(0.0010) on 9,011,667 weighted shares, consistent with the calculation. Cash drained to $226 after $9,697 in operating outflows, offset by $39,000 from issuing 39 million shares at par; no debt burdens the balance sheet. Leadership shifted in February with a new CEO. Customer concentration remains high, with four clients each taking 25% of sales.
8-K
Private placement closes
Huineng Technology Corporation closed a private placement on February 21, 2025, issuing 39,000,000 common shares at $0.001 each to investor Kae Ren Tee for $39,000 in cash, boosting outstanding shares from 5,545,000 to 44,545,000. The proceeds will fund working capital needs. This dilutes existing shareholders significantly. The deal relies on Regulation S exemption for non-U.S. investors.
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