Huineng Technology Corp

HNITdata completeness 75%2 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'

i. The business — what you’d actually own
FigureFY 2024FY 2025
Revenue$25,7001$14,2001
Net income−$39,2242−$34,9682
Operating cash flow−$27,4613−$55,7843
Capital expenditure$7294
Free cash flow (derived)−$28,1903
Total debt
Cash & equivalents$10,3415$7585
Diluted shares4.7M35.7M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$0
your share of equity
Profit it earned you last year
−$0.01
Free cash flow it threw off
Debt you’d be carrying

10 shares is a claim on −$0 of net worth that earned you −$0.01 last year.

iii. Is this a good business?
Moat signal · return on equity
avg · 2y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
+659% shares · 2y

Share count is up 659% 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.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
only 2 years of net income (need ≥3)
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2024-11-30 · accession 0001493152-26-008238 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2024-11-30 · accession 0001493152-26-008238 (NetIncomeLoss)
  3. 10-K · period ending 2024-11-30 · accession 0001493152-26-008238 (NetCashProvidedByUsedInOperatingActivities)
  4. 10-K · period ending 2024-11-30 · accession 0001493152-26-008238 (PaymentsToAcquirePropertyPlantAndEquipment)
  5. 10-K · period ending 2024-11-30 · accession 0001493152-26-008238 (CashAndCashEquivalentsAtCarryingValue)