Detailed financial statements for HUHUTECH International Group Inc. Ordinary Shares (HUHU): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
HUHUTECH International Group Inc. is a company, founded in 2015 and based in Wuxi, People's Republic of China, that focuses on providing sophisticated systems for managing and overseeing industrial facilities. The firm's product range encompasses specialized high-purity systems designed for manufacturing processes, gas transport, and chemical distribution.
Analysis Summary
HUHUTECH International Group Inc. Ordinary Shares reported revenue of $21.4M in the most recent fiscal year, growing at a 5-year CAGR of 36.7%.
Trailing-twelve-month margins: gross margin 31.0%, operating margin -79.5%, net margin -80.9%.
At the current price of $4.06, HUHU has negative trailing earnings (P/E not meaningful) and an ROE of -33.61%. Market capitalisation stands at $104M.
Balance sheet quality for HUHU: net debt of $1.7M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $4.5M | $10.2M | $11.4M | $16.7M | $18.1M | $21.4M |
| Cost of Revenue | $2.4M | $7.1M | $7.8M | $11.3M | $11.6M | $14.3M |
| Gross Profit | $2.1M | $3.1M | $3.5M | $5.4M | $6.6M | $7.1M |
| Research & Development | $182282 | $677580 | $1.2M | $1.3M | $2.9M | $898642 |
| Selling, General & Admin | $515805 | $960214 | $1.4M | $1.9M | $5.2M | $23.2M |
| Operating Expenses | $698087 | $1.6M | $2.6M | $3.2M | $8.1M | $24.1M |
| Operating Income | $1.4M | $1.4M | $912360 | $2.2M | -$1.6M | -$17.1M |
| EBITDA | $1.4M | $1.8M | $1.2M | $2.9M | -$1.5M | -$16.5M |
| Interest Expense | $15630 | $35007 | $51985 | $72197 | $113657 | $118124 |
| Pre-tax Income | $1.4M | $1.6M | $964316 | $2.6M | -$1.7M | -$17.0M |
| Income Tax | $316239 | $252605 | $34307 | $255570 | $274399 | $302992 |
| Net Income | $1.1M | $1.4M | $930009 | $2.3M | -$1.9M | -$17.3M |
| EPS | $0.05 | $0.07 | $0.04 | $0.11 | $-0.10 | $-0.10 |
| EPS (Diluted) | $0.05 | $0.07 | $0.04 | $0.11 | $-0.10 | $-0.10 |
| Shares Outstanding (Diluted) | $21.1M | $21.1M | $21.1M | $21.1M | $20.2M | $24.1M |
Balance Sheet (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $155240 | $75059 | $1.4M | $2.7M | $3.1M | $4.4M |
| Short-term Investments | 0 | 0 | 0 | 0 | $27906 | 0 |
| Receivables | $1.7M | $5.2M | $6.1M | $8.7M | $9.9M | $10.0M |
| Inventory | $355007 | $540652 | $213042 | $530048 | $1.3M | $1.1M |
| Total Current Assets | $2.7M | $6.5M | $9.5M | $12.3M | $14.6M | $17.2M |
| Property, Plant & Equipment | $587880 | $606119 | $550954 | $1.8M | $5.2M | $4.4M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | $27 | $229294 | $168880 | $124679 | $79985 | $45115 |
| Total Assets | $3.6M | $7.9M | $10.9M | $15.1M | $20.2M | $22.4M |
| Accounts Payable | $798022 | $2.6M | $3.0M | $4.5M | $4.5M | $5.4M |
| Short-term Debt | $459770 | $1.2M | $2.5M | $1.8M | $6.0M | $4.1M |
| Total Current Liabilities | $2.6M | $5.0M | $7.3M | $9.2M | $13.3M | $13.0M |
| Long-term Debt | 0 | 0 | 0 | 0 | $260299 | $1.9M |
| Total Liabilities | $2.6M | $5.0M | $7.3M | $9.3M | $13.7M | $14.9M |
| Retained Earnings | -$331532 | $937660 | $1.8M | $4.0M | $2.0M | -$15.3M |
| Total Equity | $980792 | $2.9M | $3.6M | $5.8M | $6.5M | $7.4M |
| Total Debt | $463698 | $1.2M | $2.6M | $2.0M | $6.5M | $6.2M |
| Net Debt | $308458 | $1.1M | $1.2M | -$723624 | $3.3M | $1.7M |
| Working Capital | $92728 | $1.5M | $2.2M | $3.1M | $1.3M | $4.2M |
Cash Flow (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net Income | $1.1M | $1.4M | $930009 | $2.3M | -$1.9M | -$17.3M |
| Depreciation & Amortization | $41238 | $107090 | $158215 | $267413 | $388533 | $444363 |
| Stock-based Compensation | 0 | 0 | 0 | 0 | 0 | $18.4M |
| Change in Working Capital | -$1.6M | -$2.1M | -$1.2M | $410644 | -$1.2M | $473323 |
| Operating Cash Flow | -$122793 | -$448158 | -$139539 | $3.0M | -$3.0M | $2.9M |
| Capital Expenditure | -$524994 | -$283854 | -$95448 | -$1.2M | -$3.8M | -$169131 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -$647787 | -$732012 | -$234987 | $1.8M | -$6.9M | $2.7M |
Growth & Margins (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue Growth (YoY) | +126.5% | +12.0% | +47.1% | +8.5% | +18.1% | |
| Net Income Growth (YoY) | +28.6% | -32.1% | +150.9% | -182.7% | -798.2% | |
| EPS Growth (YoY) | +28.5% | -32.0% | +148.9% | -186.9% | -4.6% | |
| Shares Change (YoY) | +0.0% | +0.0% | +0.0% | -4.0% | +19.3% | |
| FCF Growth (YoY) | -13.0% | +67.9% | +883.3% | -472.7% | +139.8% | |
| Gross Margin | 46.7% | 30.1% | 31.2% | 32.3% | 36.1% | 33.1% |
| Operating Margin | 31.1% | 14.0% | 8.0% | 12.9% | -8.6% | -79.6% |
| EBITDA Margin | 32.1% | 17.4% | 10.3% | 17.5% | -8.3% | -76.9% |
| Net Margin | 23.7% | 13.5% | 8.2% | 13.9% | -10.6% | -80.9% |
| FCF Margin | -14.4% | -7.2% | -2.1% | 11.0% | -37.8% | 12.7% |
| Effective Tax Rate | 22.9% | 15.6% | 3.6% | 9.9% | -16.6% | -1.8% |
Per-Share Data (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| FCF Per Share | $-0.03 | $-0.03 | $-0.01 | $0.09 | $-0.34 | $0.11 |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $21.1M | $21.1M | $21.1M | $21.1M | $20.2M | $24.1M |
What to look at in Industrials
Aerospace, defence, machinery, transport. Semi-cyclical. Key: backlog, operating margins, and FCF conversion.
- 5y revenue growth — Without growth, there is no long-term value creation
- Operating margin — The best indicator of operational discipline in industrials
- ROIC — Quality industrials have ROIC >15% — the rest destroy capital
- FCF conversion — FCF / Net Income — in industrials good >85%
- Net debt / EBITDA — Cyclical industrials with high debt suffer hard in recessions
- Capex / Revenue — Maintaining the machinery. <4% = possible underinvestment (future decline)
- Altman Z-Score — Bankruptcy model (NYU 1968) — combines liquidity, leverage and profitability. Key in cyclicals
Profitability
| Return on Equity | -33.61% |
| Return on Invested Capital | -17.46% |
| Return on Assets | -10.79% |
| Gross Margin | 30.99% |
| Operating Margin | -79.53% |
| Net Margin | -80.86% |
Financial Health
| Debt / Equity | 0.83 |
| Current Ratio | 1.32 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 7.48 |
Related companies: CBAT · GIFI · HURC · MATH · OMEX · SHMD · SPAI
Explore sector: Industrials · Industrial - Machinery
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