$HXHX

Haoxin Holdings Ltd

CIK:0001936817|SEC Filings

Consolidated Statements of Income and Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
REVENUES	$ 33,040,012	$ 25,571,810	$ 26,664,602
COSTS AND EXPENSES
Transportation costs	24,744,905	19,086,439	19,805,055
General and administrative expenses	452,501	866,333	758,620
Sales and marketing expenses	52,794	78,722	92,890
Total costs and expenses	25,250,200	20,031,494	20,656,565
PROFIT FROM OPERATIONS	7,789,812	5,540,316	6,008,037
OTHER (EXPENSES) INCOME
Interest expenses	(269,942)	(188,897)	(154,047)
Other expenses	(1,090,116)	(861,587)	(538,006)
Other income	111,587	104,012	188,305
Loss on disposal of subsidiaries	(852,040)
Total other expenses, net	(2,100,511)	(946,472)	(503,748)
PROFIT BEFORE INCOME TAXES	5,689,301	4,593,844	5,504,289
PROVISION FOR INCOME TAXES	1,721,419	1,420,141	1,534,791
NET PROFIT	3,967,882	3,173,703	3,969,498
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment	880,945	(499,136)	(372,229)
COMPREHENSIVE INCOME	$ 4,848,827	$ 2,674,567	$ 3,597,269
Weighted average shares used in computation:
Basic (in Shares)	13,246,575	12,000,000	12,000,000
Diluted (in Shares)	13,246,575	12,000,000	12,000,000
BASIC (in Dollars per share)	$ 0.3	$ 0.26	$ 0.33
DILUTED (in Dollars per share)	$ 0.3	$ 0.26	$ 0.33

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 3,967,882	$ 3,173,703	$ 3,969,498
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Loss on disposals of property and equipment	12,196	43,633	52,726
(Recovery of) Provision for credit loss	(277,751)	108,403	(87,639)
Amortization of right-of-use assets and interest of lease liabilities	2,413	12,251	40,060
Loss on disposal on subsidiaries	852,040
Depreciation for property and equipment	489,390	390,341	551,062
Deferred income tax (benefits) expense	74,783	(5,670)	21,910
Changes in operating assets and liabilities
Accounts receivable	10,280,279	(2,000,881)	(5,703,775)
Prepayments	(31,558,873)	(5,247,011)	981,526
Other receivables	1,587,506	(1,922,942)	(1,030,603)
Deposits	(612,963)	52,948	(29,657)
Accounts payable	(323,369)	(635,621)	259,722
Operating lease liabilities		(11,551)	(39,206)
Amount due to related parties		(2,689)
Other payables and accrued liabilities	229,447	100,015	(7,481)
Receipt in advance	3,803,375
Tax payables	1,927,430	1,987,192	1,955,346
Net cash provided by (used in) operating activities	(9,546,215)	(3,957,879)	933,489
Cash flows from investing activities:
Purchases of equipment	(4,478,728)	(4,303)	(12,150)
Loss of disposal of subsidiaries	(48,513)
Loans to third parties	(4,867,880)	(1,036,823)
Collection from loans to related parties		2,012,719
Proceeds from disposal of equipment	4,942	24,186	6,638
Net cash (used in) provided by investing activities	(9,390,179)	995,779	(5,512)
Cash flows from financing activities:
Proceeds from short-term bank borrowings	8,000,000	2,807,232	3,423,294
Repayment of short-term bank borrowings	(2,949,566)	(2,545,021)	(2,937,480)
Proceeds from short-term borrowings from guarantor		251,484
Proceeds from long-term bank borrowings	2,805,167
Repayment of long-term bank borrowings			(91,021)
Loans from other financial institution	938,524	326,188	1,384,466
Repayments of loans from other financial institutions	(545,085)	(774,492)	(589,470)
Receive investment funds	6,449,265
Advanced from related parties	7,815,352	4,772,348	263,976
Repayments to related parties	(2,288,240)	(1,791,509)	(2,390,802)
Net cash provided by (used in) financing activities	20,225,417	3,046,230	(937,037)
Effect of exchange rate change on cash	(54,682)	(80)	(2,879)
Net decrease in cash and restricted cash	1,234,341	84,050	(11,939)
Cash and restricted cash at beginning of the year	173,781	89,731	101,670
Cash and restricted cash at end of the year	1,408,122	173,781	89,731
Supplemental disclosure of cash flow information:
Interest paid	263,349	182,892	154,047
Income tax paid	169,698	66,793	27,461
Supplemental non-cash investing and financing information:
Proceeds from disposal of revenue equipment collected by a related party	26,052	6,927	32,767
Purchase of revenue equipment paid by a related party	20,438	123,872	45,957
Offset between a related party and receipt in advance	796,226
Offset between amounts due from related parties and amounts due to related parties	9,600	1,723,255	1,129,080
Offset between related parties and prepayment to suppliers	7,832,742	2,784,171
Proceeds from disposal of subsidiaries	1,379,000
Borrowings from a related party to pay deferred offering cost	9,604	67,368	109,617
Offset between prepayment and receipts in advance	2,985,010
Reconciliation to amounts on consolidated balance sheets:
Cash	1,404,626	170,431	86,287
Restricted cash	3,496	3,350	3,444
Total	$ 1,408,122	$ 173,781	$ 89,731

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 1,404,626	$ 170,431
Restricted cash	3,496	3,350
Accounts receivable, net	8,782,898	19,121,048
Prepayments	27,447,747	7,786,556
Other receivables	410,871	2,953,751
Loans receivables	5,017,404	1,022,107
Deposits	892,308
Total Current Assets	45,791,070	31,057,243
Property and equipment, net	4,351,350	535,035
OTHER ASSETS
Operating right-of-use assets, net		2,413
Deferred tax assets	66,641	138,784
Deposits	64,018	156,179
Deferred offering costs		489,591
Total other assets	130,659	786,967
Total assets	50,273,079	32,379,245
CURRENT LIABILITIES:
Short-term bank borrowings	7,793,396	2,493,390
Accounts payable	110,023	608,230
Other payables and accrued liabilities	597,682	876,688
Tax payable	9,866,051	7,899,124
Current maturity of long-term bank borrowing	2,860
Current maturities of loans from other financial institutions	384,152	333,012
Operating lease liabilities, current		5,052
Total current liabilities	19,287,898	13,862,008
OTHER LIABILITIES
Long-term bank borrowings	2,857,102
Long-term loans from other financial institutions	502,352	144,696
Total other liabilities	3,359,454	144,696
Total liabilities	22,647,352	14,006,704
SHAREHOLDERS’ EQUITY
Shares subscription receivables	(1,200)	(1,200)
Additional paid-in capital	7,157,095	2,957,300
Statutory reserves	895,682	895,682
Retained earnings	19,875,861	15,907,979
Accumulated other comprehensive loss	(303,086)	(1,388,420)
Total shareholders’ equity	27,625,727	18,372,541
Total liabilities and shareholders’ equity	50,273,079	32,379,245
Class A Ordinary Shares
SHAREHOLDERS’ EQUITY
Ordinary shares value	895	720
Class B Ordinary Shares
SHAREHOLDERS’ EQUITY
Ordinary shares value	480	480
Related Parties
CURRENT ASSETS
Amount due from related parties	1,831,720
CURRENT LIABILITIES:
Amount due to related parties	$ 533,734	$ 1,646,512