Xiangxing International Holding Limited (1732.HK)

Name: Xiangxing International Holding Limited Financial Statements
Creator: Quarter Results

Industrials | Integrated Freight Logistics

Latest reporting period: 2026-04-08

Latest Quarter

2026-04-08

Revenue

$104M

Net Income

$7.0M

Operating Margin

9.6%

Free Cash Flow

-$27.2M

Debt / Assets

18.8%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Xiangxing International Holding Limited (1732.HK).
Income Statement (Quarterly)	2026-04-08	2025-12-31	2025-06-30	2025-03-31
Revenue	103,672,000	110,487,063	103,672,000	51,836,000
Cost of Revenue	78,566,000	92,755,211	78,566,000	39,283,000
Gross Profit	25,106,000	17,731,851	25,106,000	12,553,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	16,460,000	6,292,000	16,460,000	8,230,000
Operating Expenses	15,144,000	28,030,901	15,144,000	7,572,000
Operating Income	9,962,000	-10,299,045	9,962,000	4,981,000
Interest Expense	0	0	0	0
Income Before Tax	9,912,000	-7,692,958	9,912,000	4,956,000
Income Tax Expense	2,974,000	4,451,472	2,974,000	1,487,000
Net Income	6,998,000	-11,917,794	6,998,000	3,499,000
Per Share
EPS	0.01	-0.01	0.01	0.00
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Xiangxing International Holding Limited (1732.HK).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	214,159,063	232,677,000	175,556,000	237,273,000	288,682,000
Cost of Revenue	171,321,211	189,081,000	138,259,000	205,306,000	240,754,000
Gross Profit	42,837,851	43,596,000	37,297,000	31,967,000	47,928,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	22,752,000	28,435,000	19,830,000	23,091,000	23,874,000
Operating Expenses	43,174,901	42,001,000	19,452,000	9,757,000	22,653,000
Operating Income	-337,045	1,595,000	17,845,000	23,355,000	22,138,000
Interest Expense	183,134	69,000	240,000	651,000	751,000
Income Before Tax	2,219,042	1,526,000	17,605,000	16,533,000	21,387,000
Income Tax Expense	7,306,865	6,419,000	7,084,000	6,449,000	10,972,000
Net Income	-4,989,436	-4,694,000	10,937,000	10,217,000	10,655,000
Per Share
EPS	0.00	0.00	0.01	0.01	0.01
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Xiangxing International Holding Limited (1732.HK).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	29,755,724	31,250,000	49,794,000	28,220,000
Short Term Investments	0	0	2,556,000	3,005,000
Net Receivables	129,828,519	126,609,000	-2,556,000	103,814,000
Inventory	3,877,657	4,087,000	4,248,000	4,484,000
Total Current Assets	206,293,219	195,370,000	193,242,000	158,992,000
Property Plant Equipment	38,814,598	30,364,000	28,512,000	33,316,000
Goodwill and Intangibles	0	9,000	30,000	47,000
Total Assets	245,108,818	225,785,000	221,860,000	192,355,000
Liabilities
Account Payables	8,668,706	5,217,000	5,289,000	6,489,000
Short Term Debt	10,753,598	929,000	726,000	8,401,000
Total Current Liabilities	37,672,109	21,057,000	20,535,000	29,948,000
Long Term Debt	8,518,642	124,000	677,000	856,000
Total Liabilities	46,190,752	21,181,000	21,212,000	30,804,000
Shareholders Equity
Retained Earnings	0	102,423,000	89,536,000	96,180,000
Total Shareholders Equity	197,713,549	203,299,000	199,144,000	159,631,000

Balance sheet annual history for Xiangxing International Holding Limited (1732.HK).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	29,755,724	31,250,000	49,794,000	28,220,000	23,819,000
Short Term Investments	0	0	2,556,000	3,005,000	0
Net Receivables	129,828,519	126,609,000	-2,556,000	103,814,000	0
Inventory	3,877,657	4,087,000	4,248,000	4,484,000	3,933,000
Total Current Assets	206,293,219	195,370,000	193,242,000	158,992,000	151,534,000
Property Plant Equipment	38,814,598	30,364,000	28,512,000	33,316,000	31,938,000
Goodwill and Intangibles	0	9,000	30,000	47,000	0
Total Assets	245,108,818	225,785,000	221,860,000	192,355,000	185,134,000
Liabilities
Account Payables	8,668,706	5,217,000	5,289,000	6,489,000	5,663,000
Short Term Debt	10,753,598	929,000	726,000	8,401,000	10,981,000
Total Current Liabilities	37,672,109	21,057,000	20,535,000	29,948,000	32,520,000
Long Term Debt	8,518,642	124,000	677,000	856,000	1,257,000
Total Liabilities	46,190,752	21,181,000	21,212,000	30,804,000	33,777,000
Shareholders Equity
Retained Earnings	0	102,423,000	89,536,000	96,180,000	0
Total Shareholders Equity	197,713,549	203,299,000	199,144,000	159,631,000	149,304,000

Cash flow quarterly history for Xiangxing International Holding Limited (1732.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	1,526,000	17,605,000	16,533,000	10,655,000
Depreciation & Amortization	8,217,000	8,083,000	7,566,000	6,964,000
Stock Based Compensation	0	0	0	0
Change in Working Capital	-39,633,000	-13,357,000	-8,439,000	-37,903,000
Operating Cash Flow	-15,902,000	4,142,000	15,128,000	-12,001,000
Investing Activities
Capital Expenditure	-11,264,000	-2,595,000	-7,481,000	-2,396,000
Investments	-11,264,000	-2,586,000	-7,481,000	-2,386,000
Investing Cash Flow	-10,539,000	-1,721,000	-7,205,000	-2,251,000
Financing Activities
Debt Repayment	-887,000	-8,000,000	-8,200,000	-9,000,000
Common Stock Issued/Repurchased	8,917,000	27,517,000	0	0
Dividends Paid	0	0	0	0
Financing Cash Flow	7,746,000	17,507,000	-3,632,000	-5,547,000
Summary
Free Cash Flow	-27,166,000	1,547,000	7,647,000	-14,397,000
Net Change in Cash	-18,544,000	21,574,000	4,401,000	-18,576,000

Cash flow annual history for Xiangxing International Holding Limited (1732.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	1,526,000	17,605,000	16,533,000	10,655,000	14,406,000
Depreciation & Amortization	8,217,000	8,083,000	7,566,000	6,964,000	6,753,000
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	-39,633,000	-13,357,000	-8,439,000	-37,903,000	-58,389,000
Operating Cash Flow	-15,902,000	4,142,000	15,128,000	-12,001,000	-31,899,000
Investing Activities
Capital Expenditure	-11,264,000	-2,595,000	-7,481,000	-2,396,000	-7,217,000
Investments	-11,264,000	-2,586,000	-7,481,000	-2,386,000	-7,130,000
Investing Cash Flow	-10,539,000	-1,721,000	-7,205,000	-2,251,000	3,864,000
Financing Activities
Debt Repayment	-887,000	-8,000,000	-8,200,000	-9,000,000	-8,900,000
Common Stock Issued/Repurchased	8,917,000	27,517,000	0	0	0
Dividends Paid	0	0	0	0	0
Financing Cash Flow	7,746,000	17,507,000	-3,632,000	-5,547,000	-1,842,000
Summary
Free Cash Flow	-27,166,000	1,547,000	7,647,000	-14,397,000	-39,116,000
Net Change in Cash	-18,544,000	21,574,000	4,401,000	-18,576,000	-29,149,000