$HUHU

HUHUTECH International Group Inc.

CIK:0001945415|SEC Filings

Consolidated Statements of Income and Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Total Revenues	$ 21,431,952	$ 18,149,244	$ 16,732,688
Total cost of revenues	14,348,156	11,596,681	11,320,796
Gross profit	7,083,796	6,552,563	5,411,892
Operating expenses:
Selling expenses	1,434,220	2,068,278	871,797
General and administrative expenses	21,809,751	3,162,801	1,036,922
Research and development expenses	898,642	2,879,183	1,341,221
Total operating expenses	24,142,613	8,110,262	3,249,940
(Loss) income from operations	(17,058,817)	(1,557,699)	2,161,952
Other income (expense):
Interest income	29,747	8,691	7,279
Interest expense	(118,124)	(113,657)	(72,197)
Other income, net	105,609	5,821	492,123
Total other income (expense), net	17,232	(99,145)	427,205
(Loss) income before income taxes	(17,041,585)	(1,656,844)	2,589,157
Provision for income taxes	302,992	274,399	255,570
Net (loss) income	(17,344,577)	(1,931,243)	2,333,587
Other comprehensive loss
Foreign currency translation adjustments	(120,836)	(281,259)	(105,029)
Comprehensive (loss) income	$ (17,465,413)	$ (2,212,502)	$ 2,228,558
(Loss) earnings per share*
Basic (in Dollars per share)	$ (0.75)	$ (0.1)	$ 0.47
Diluted (in Dollars per share)	$ (0.75)	$ (0.1)
Weighted average number of shares outstanding
Basic (in Shares)	23,233,110	20,208,803	20,000,000
Diluted (in Shares)	23,233,110	20,208,803
Third Parties
Total Revenues	$ 20,381,046	$ 17,642,595	$ 16,732,688
Total cost of revenues	13,959,008	10,919,792	11,110,545
Related Party
Total Revenues	1,050,906	506,649
Total cost of revenues	$ 389,148	$ 676,889	$ 210,251

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Cash flows from operating activities:
Net (loss) income	$ (17,344,577)	$ (1,931,243)	$ 2,333,587
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	290,556	326,471	214,106
Provision for credit losses	1,299,972	1,900	25,335
Deferred tax (benefits) provision expense	(335,241)	(274,609)	11,950
Share-based compensation	18,355,002
Loss from disposal of property, plant and equipment	5,775
Amortization of operating lease right-of-use assets	153,807	62,062	53,307
Changes in operating assets and liabilities:
Accounts receivable	(1,006,149)	(724,911)	(2,817,167)
Accounts receivable a related party	(47,658)	(454,150)
Notes receivable	174,226	(257,751)
Inventories	780,827	(669,170)	851,308
Prepayments and other assets	(206,843)	97,665	50,862
Advance to vendors	(1,029,372)	(88,917)	(5,119)
Accounts payable	1,159,736	52,879	1,603,497
Accrued expenses and other liabilities	30,075	188,280	115,482
Advance from customers	227,024	493,048	446,802
Taxes payable	506,575	(40,645)	246,100
Due from related parties		250,495
Operating leases liabilities	(115,118)	(66,909)	(81,121)
Net cash provided by (used in) operating activities	2,898,617	(3,035,505)	3,048,929
Cash flows from investing activities:
Additions to property, plant, and equipment	(164,593)	(3,825,547)	(1,205,784)
Proceeds from disposal of property and equipment, net	3,033
Acquisition of intangible asset	(4,538)		(2,469)
Net cash used in investing activities	(166,098)	(3,825,547)	(1,208,253)
Cash flows from financing activities:
Payments to related parties	(231,304)	(868,438)
Loans from third party	500,000
Advances from related parties			325,642
Proceeds from initial public offering		4,117,955
(Repayments of) proceeds from bank acceptance notes payable, net	(1,145,360)	642,004	(389,894)
Proceeds from short-term bank loans	7,868,480	7,905,066	3,135,195
Repayment of short-term bank loans	(10,042,446)	(4,223,122)	(3,417,645)
Proceeds from long-term bank loans	2,412,528	694,859
Repayment of long-term bank loans	(425,183)	(430,813)
Payment of offering costs		(382,333)	(247,874)
Net cash (used in) provided by financing activities	(1,063,285)	7,455,178	(594,576)
Effect of exchange rate changes on cash and restricted cash	(263,462)	(117,659)	(88,057)
Net increase in cash and restricted cash	1,405,772	476,467	1,158,043
Cash and restricted cash, beginning of year	3,323,126	2,846,659	1,688,616
Cash and restricted cash, end of year	4,728,898	3,323,126	2,846,659
Cash	4,428,602	3,102,865	2,739,530
Restricted cash	300,296	220,261	107,129
Cash and restricted cash, end of year	4,728,898	3,323,126	2,846,659
Supplemental cash flow disclosures:
Cash paid for income tax	9,738	97,101	68,649
Cash paid for interest	81,695	36,403	68,255
Non-cash activities:
Right-of-use assets obtained in exchange for operating lease obligations	118,994	79,591	323,290
Reclassification of deferred offering costs		1,160,781
Reclassification of construction in progress to inventory	$ 666,327

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash	$ 4,428,602	$ 3,102,865
Restricted cash	300,296	220,261
Note receivable	86,149	254,092
Accounts receivable, net	9,249,042	9,185,586
Accounts receivable – a related party	516,290	447,703
Inventories	1,103,685	1,175,241
Advance to vendors	1,215,220	150,637
Prepayments and other assets, net	295,738	80,137
TOTAL CURRENT ASSETS	17,197,314	14,616,522
Property, plant and equipment, net	4,277,525	4,978,080
Intangible assets, net	45,115	79,985
Deferred tax assets	684,847	326,087
Right-of-use assets, net	159,685	183,815
TOTAL ASSETS	22,364,486	20,184,489
CURRENT LIABILITIES:
Short term bank loans	3,359,025	5,273,678
Long-term bank loans - current	230,397
Loan payable from third-party	500,000
Notes payable		733,996
Accounts payable	5,390,732	4,466,933
Advance from customers	1,698,526	1,403,628
Accrued expenses and other liabilities	801,422	732,419
Taxes payable	884,694	356,889
Operating lease liabilities – current	142,076	104,088
TOTAL CURRENT LIABILITIES	13,006,872	13,318,085
Long term loans	1,919,974	260,299
Operating lease liabilities – non–current	22,582	80,636
TOTAL LIABILITIES	14,949,428	13,659,020
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS’ EQUITY:
Ordinary shares, $0.0000025 par value, 20,000,000,000 shares authorized, 24,103,749 and 21,173,413 shares issued and outstanding as of December 31, 2025 and 2024, respectively	60	53
Additional paid-in capital	23,050,345	4,695,350
Statutory reserves	343,077	343,077
(Accumulated deficit) retained earnings	(15,317,791)	2,026,786
Accumulated other comprehensive loss	(660,633)	(539,797)
TOTAL SHAREHOLDERS’ EQUITY	7,415,058	6,525,469
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	22,364,486	20,184,489
Related Party
CURRENT ASSETS:
Due from related parties	2,292
CURRENT LIABILITIES:
Due to a related party		$ 246,454