Haoxin Holdings Limited Class A Ordinary Shares

HXHX

Trucking · Industrials

Price

$0.57

-0.01 (-1.16%)

Market Cap

$7.8M

Exchange

NASDAQ Global Select

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Share count falling — buybacks

−8.3% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 15.0M (2021) → 13.8M (2025)

Haoxin Holdings Limited is a trucking and logistics company based in China. It provides freight transportation services, moving goods for businesses that need cargo shipped across regions. The company operates in China's commercial trucking industry, which is large and fragmented with many competing carriers.

Haoxin earns revenue by charging fees for hauling freight, a straightforward per-shipment or contract-based model typical in trucking. The company is small, with a market cap near zero, suggesting it is a micro-cap firm with limited scale compared to major Chinese logistics players. Its gross margin of around 25% is relatively healthy for trucking, but its very low return on invested capital of under 2% signals the business is not yet generating strong returns on the money it deploys. The key risk is intense competition in China's trucking sector, where larger, better-funded rivals and platform-based logistics companies can undercut pricing and attract customers more easily.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-5.7% YoY

Revenue declining

EPS Growth

-1.3% YoY

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

70.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 months

$1M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Haoxin Holdings Limited Class A Ordinary Shares has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

23.5%

Thin — 23.5% gross margin

Operating Margin

23.3%

Excellent — 23.3% operating margin

ROCE

1.3%

Weak — 1.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

N/A

—

Data not available

EPS YoY

N/A

—

Data not available

EPS Consistency

N/A

—

Data not available

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Cash Flow

Cash Conversion

-190%

Weak — only -190% of profit becomes cash

FCF Margin

-30.9%

Burning cash (-30.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.42

Conservative — low debt load (0.42)

Interest Cover

29.05x

Comfortably covers interest (29.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

7.4x

Attractive valuation — P/E 7.4

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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