Breakdown | ||||
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
68.30M | 72.95M | 81.29M | 29.66M | 5.66M | Gross Profit |
138.00K | -1.27M | 2.60M | -2.08M | 85.00K | EBIT |
-39.08M | -20.22M | -5.29M | -31.93M | -34.03M | EBITDA |
-28.75M | -5.53M | 4.68M | -21.93M | -25.13M | Net Income Common Stockholders |
-144.37M | -5.64M | -31.77M | -36.63M | -191.52M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
394.38M | 421.54M | 136.78M | 33.68M | 16.28M | Total Assets |
487.48M | 651.51M | 658.72M | 700.91M | 701.87M | Total Debt |
102.00K | 102.00K | 102.00K | 20.04M | 10.40M | Net Debt |
-389.73M | -416.29M | -131.48M | 5.10M | 6.88M | Total Liabilities |
70.79M | 90.53M | 84.58M | 102.77M | 62.98M | Stockholders Equity |
420.89M | 563.58M | 573.35M | 594.82M | 635.48M |
Cash Flow | Free Cash Flow | |||
-28.45M | 284.26M | 139.12M | 1.65M | -6.37M | Operating Cash Flow |
-28.23M | 284.26M | 139.12M | 1.65M | -6.37M | Investing Cash Flow |
973.00K | 640.00K | -3.03M | 6.00K | 17.54M | Financing Cash Flow |
0.00 | 1.00 | -19.70M | 10.12M | -15.78M |
Huisheng International Holdings Limited announced its audited consolidated results for the year ended 31 December 2024, reporting a significant decrease in revenue from RMB 68,297,000 in 2023 to RMB 44,279,000 in 2024. The company faced a substantial loss before taxation of RMB 24,214,000, although this was an improvement from the previous year’s loss of RMB 146,935,000. The results indicate ongoing financial challenges, including write-offs and impairment losses, which could impact the company’s market positioning and stakeholder confidence.
Huisheng International Holdings Ltd. has announced significant changes in its board composition. Mr. Chan Kwun Nam has resigned from his role as an independent non-executive director and chairman of several committees, citing a desire to focus on other business engagements. The company has appointed Mr. Luo Mingsheng as the new independent non-executive director, effective March 13, 2025. Mr. Luo brings extensive experience in auditing and corporate finance, which is expected to strengthen the company’s governance and strategic oversight. His appointment is for a three-year term, and he will receive an annual director fee of RMB 50,000.
Huisheng International Holdings Limited, a company incorporated in the Cayman Islands, has announced the composition of its Board of Directors and their roles within the organization. The Board consists of executive directors Mr. Zhang Zhenghua and Ms. Xiang Yuan, as well as independent non-executive directors Dr. Wang Guiping, Mr. Huang Ruilin, and Mr. Luo Mingsheng. The company has also established four standing Board committees, namely the Audit, Remuneration, Nomination, and Investment and Treasury Committees, with Mr. Luo Mingsheng serving as the Chairman of all these committees. This announcement provides clarity on the governance structure of Huisheng International Holdings, which may impact its strategic direction and decision-making processes.