Hang Feng Technology Innovation Co., Ltd.
FOFOdata completeness 88%2 fiscal years on fileData notes: no data for concept 'totalDebt'; no data for concept 'interestExpense'
Hang Feng Technology Innovation Co., Ltd. earns about -308% on invested capital, but has diluted owners by 45% over 2 years — worth asking whether the growth reaches owners. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2024 | FY 2025 |
|---|---|---|
| Revenue | $2.03M1 | $2.33M1 |
| Net income | $866,7692 | −$9.59M2 |
| Operating cash flow | $1.36M3 | −$1.29M3 |
| Capital expenditure | $39,9364 | $8864 |
| Free cash flow (derived) | $1.32M3 | −$1.29M3 |
| Total debt | — | — |
| Cash & equivalents | $2.53M5 | $7.42M5 |
| Diluted shares | 4.0M | 5.8M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $14.71 of net worth that earned you −$16.49 and generated −$2.22 of cash last year.
It earned an average -308% on invested capital over 2 years. Compare that to what it costs to fund the business.
seeing a moat in the numbers →Share count is up 45% over 2 years — owners have been diluted. Worth asking what they got for it.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
Different models answer different questions — which to trust when →
- 20-F · period ending 2024-12-31 · accession 0001213900-26-044270 (Revenues)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-044270 (NetIncomeLoss)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-044270 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-044270 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-044270 (CashAndCashEquivalentsAtCarryingValue)