Huineng Technology Corp
HNITdata completeness 75%2 fiscal years on fileData notes: no data for concept 'totalDebt'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'
i. The business — what you’d actually own
| Figure | FY 2024 | FY 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 shares | 4.7M | 35.7M |
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
- 10-K · period ending 2024-11-30 · accession 0001493152-26-008238 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2024-11-30 · accession 0001493152-26-008238 (NetIncomeLoss)
- 10-K · period ending 2024-11-30 · accession 0001493152-26-008238 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-11-30 · accession 0001493152-26-008238 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-11-30 · accession 0001493152-26-008238 (CashAndCashEquivalentsAtCarryingValue)