매출 하락 → 마진 압박 → 현금 악화
Critical매출이 -14.5% 감소하며 영업이익률이 23.9%에서 21.7%로 하락했다. 영업현금흐름도 동반 감소하여 수익-현금 순환이 약화되고 있다.
Evidence
매출 YoY -14.5% (2021→2024)영업이익률 23.9%→21.7%영업CF 2→-4
Haoxin Holdings Limited Class A Ordinary Shares
HXHX · Nasdaq$0.4781-5.20%
2026-09-04 closeHaoxin Holdings Limited Class A Ordinary Shares last closed at $0.4781 (-5.20%) on 2026-09-04. Listed on Nasdaq; price, financials and dividends update daily after market close.
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No active signal.
New high + volume — the real recordrecord · not a prediction
Last 30 sessions
277 picks
Next-day win rate
44.2%
Avg next-day
-0.28%
vs market
-0.51%p
Every new-high-plus-volume pick we actually published (US market) — not this stock alone.
Signal history
| Date | Signal | +20 trading days |
|---|---|---|
A record, not a prediction.
How this is calculated
"·" means fewer than 20 trading days have passed since the event. Cup-and-handle entries are days our board actually showed the badge (archive grows daily since 2026-05-12); others are recomputed from price data.
Trade plan
Fill entry, stop, account size and risk percent to get a share count. The stop must sit below the entry.
A calculator · not advice or a guarantee
Financials & valuation at a glance
Past reported results · not investment advice
More — deeper indicators
Financial safety
Reference indicatorAs of 2024Safe zoneFinancial-metric reference signal
Altman Z'' zoneZ'' 7.70
Distress
Grey
Safe
- Altman Z''
- 7.70
- Beneish M-Score
- -0.67
- Sloan accrual
- 22.03%
Statistical manipulation-risk signal
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Why has this company moved this way?
Auditable observations with the original numeric evidence.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
4/9Moderate
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score4/9
Profitability
- Positive ROAPass
- Positive OCFNot passed
- Improving ΔROANot passed
- Accruals (OCF > net income)Not passed
Leverage & liquidity
- Lower debtPass
- Higher current ratioPass
- No new sharesPass
Efficiency
- Higher gross marginNot passed
- Higher asset turnoverNot passed
Calculation note: F7(신주)은 equity/asset 유지로 근사
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Forensic signals
Anomaly and structural signals observed in the financial statements.
Revenue qualityDanger
매출 흑자인데 영업CF 적자 (OCF/매출 -15%). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- 21.7%
- Interest coverage
- 29.3x
- Return on equity (ROE)
- 17.3%
Operating margin −5pp
TolerableInterest coverageBase 29.3x adverse case 22.6x
Return on equity (ROE)Base 17.3% adverse case 22.2%
Revenue −15%
TolerableInterest coverageBase 29.3x adverse case 24.9x
Return on equity (ROE)Base 17.3% adverse case 24.6%
Interest rate +2pp
TolerableInterest coverageBase 29.3x adverse case 11.8x
Return on equity (ROE)Base 17.3% adverse case 27.6%
Interest coverage limit
Current margin 20.9ppInterest coverage limit at an operating margin of 0.7%
Interest expense coverage threshold
Connections
AI-extracted related companies · for reference
Suppliers
Customers
Alibaba Group Holding LimitedJD.com, Inc.Pinduoduo Inc.
Competitors
SF Holding Co., Ltd.Price comovement r=0.10 (1 year)ZTO Express (Cayman) Inc.YTO Express Group Co., Ltd.BEST Inc.Cainiao NetworkAmazon.com, Inc.Price comovement r=0.07 (1 year)
Same theme
Meituan
Recent filings
Filings for overseas stocks are on the way. For now we cover Korean stocks only.
About Haoxin Holdings Limited Class A Ordinary Shares
- What technical signals does Haoxin Holdings Limited Class A Ordinary Shares (HXHX) have?
- Haoxin Holdings Limited Class A Ordinary Shares current technical signals: no active technical signal.
- Is Haoxin Holdings Limited Class A Ordinary Shares a cup-and-handle pattern?
- No. Haoxin Holdings Limited Class A Ordinary Shares has no valid cup-and-handle signal right now.
- What are Haoxin Holdings Limited Class A Ordinary Shares's financials and valuation?
- Haoxin Holdings Limited Class A Ordinary Shares's income statement, balance sheet and cash flow are free for the most recent 8 years; the full history is on Pro. PER/PBR, dividend yield and sector valuation bands are free.
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