Revenue has plummeted by 72.8% year-over-year, while operating income swung from a $2.6M profit to a $356.1K loss, indicating a lack of sustainable operating leverage.
Hauchen AI Parking Management Technology Holding Co., Ltd. (HCAI) annual income statement — 5-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 |
|---|
| Sales/Revenue | 51.56M | 6.58M | 40.94M | 34.28M | 20.96M | 8.46M |
| Revenue Growth % | - | -83.94% | 19.45% | 63.58% | 147.84% | - |
| Cost of Goods Sold | 42.27M | 6.17M | 35.23M | 28.07M | 12.38M | 5.05M |
| COGS % of Revenue | - | 93.78% | 86.03% | 81.89% | 59.07% | 59.71% |
| Gross Profit | 9.29M | 408.9K | 5.72M | 6.21M | 8.58M | 3.41M |
| Gross Margin % | - | 6.22% | 13.97% | 18.11% | 40.93% | 40.29% |
| Gross Profit Growth % | - | -92.85% | -7.86% | -27.64% | 151.81% | - |
| Operating Expenses | 5.69M | 21.63M | 3.46M | 3.61M | 2.2M | 3.78M |
| OpEx % of Revenue | - | 328.95% | 8.45% | 10.53% | 10.52% | 44.71% |
| Selling, General & Admin | 5.27M | 21.63M | 3.08M | 3.61M | 2.2M | 3.78M |
| SG&A % of Revenue | - | 328.95% | 7.52% | 10.53% | 10.52% | 44.71% |
| Research & Development | 422.65K | 0 | 378.79K | 457.52K | 434.91K | 0 |
| R&D % of Revenue | - | - | 0.93% | 1.33% | 2.08% | - |
| Other Operating Expenses | 0 | 0 | 0 | -457.52K | -434.91K | 0 |
| Operating Income | 3.6M | -21.22M | 2.26M | 2.6M | 6.37M | -374.07K |
| Operating Margin % | - | -322.73% | 5.52% | 7.58% | 30.41% | -4.42% |
| Operating Income Growth % | - | -1038.85% | -13.01% | -59.24% | 1803.83% | - |
| EBITDA | 5.01M | -21.21M | 3.08M | 3.46M | 6.82M | 24.17K |
| EBITDA Margin % | - | -322.6% | 7.52% | 10.1% | 32.54% | 0.29% |
| EBITDA Growth % | - | -788.94% | -11.05% | -49.24% | 28114.1% | - |
| D&A (Non-Cash Add-back) | 1.41M | 8.81K | 818.59K | 863.22K | 444.98K | 398.24K |
| EBIT | 3.78M | -21.22M | 2.44M | 2.83M | 6.43M | -261.46K |
| Net Interest Income | -633.16K | 196 | -610.26K | -815.66K | -922.62K | -817.38K |
| Interest Income | 405 | 196 | 0 | 0 | 0 | 0 |
| Interest Expense | 633.57K | 0 | 610.26K | 815.66K | 922.62K | 817.38K |
| Other Income/Expense | -463.17K | -22.12M | -426.4K | -580.77K | -862.99K | -704.76K |
| Pretax Income | 3.14M | -43.34M | 1.83M | 2.02M | 5.51M | -1.08M |
| Pretax Margin % | - | -659.16% | 4.48% | 5.88% | 26.3% | -12.76% |
| Income Tax | 325.31K | 2.84K | 322.41K | 1.22K | 1.81K | 11.48K |
| Effective Tax Rate % | 10.37% | -0.01% | 17.58% | 0.06% | 0.03% | -1.06% |
| Net Income | 2.36M | -43.34M | 1.5M | 1.82M | 4.2M | -841.09K |
| Net Margin % | - | -659.2% | 3.65% | 5.31% | 20.05% | -9.95% |
| Net Income Growth % | - | -2998.2% | -17.87% | -56.67% | 599.64% | - |
| Net Income (Continuing) | 2.81M | -43.34M | 1.51M | 2.02M | 5.51M | -1.09M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -582 | -582 | 12.03M | 12.02M | 10.89M | 8.92M |
| EPS (Diluted) | - | -745.20 | 29.88 | 31.20 | 72.00 | -14.40 |
| EPS Growth % | - | -2593.98% | -4.23% | -56.67% | 600% | - |
| EPS (Basic) | - | -745.20 | 29.88 | 31.20 | 72.00 | -14.40 |
| Diluted Shares Outstanding | 58.16K | 58.16K | 50K | 58.33K | 58.33K | 58.33K |
| Basic Shares Outstanding | 58.16K | 58.16K | 50K | 58.33K | 58.33K | 58.33K |
| Dividend Payout Ratio | - | - | - | - | - | - |
Quick answers to the most common questions about buying HCAI stock.
For fiscal year 2025, Hauchen AI Parking Management Technology Holding Co., Ltd. (HCAI) reported total revenue of $6.6M. This represents a 22.2% decline compared to $8.5M in 2021.
Hauchen AI Parking Management Technology Holding Co., Ltd. (HCAI) reported a net loss of $43.3M for the fiscal year ending 2025.
Hauchen AI Parking Management Technology Holding Co., Ltd. (HCAI) reported an operating income of $-21.2M, resulting in an operating profit margin of -322.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Hauchen AI Parking Management Technology Holding Co., Ltd. (HCAI) generated $0.4M in gross profit for the year, representing a gross profit margin of 6.2%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Imminent Liquidity Insolvency Risk
Revenue Collapse Signals Structural Decline
As reported in recent financial filings, HCAI's revenue has experienced a severe contraction, with the most recent quarterly figures showing a 72.8% year-over-year decline, highlighting the company's inability to maintain its project-based sales pipeline within the volatile Chinese real estate and infrastructure market.
The precipitous drop in top-line performance suggests that the company's reliance on transactional, project-based contracts is failing to provide a durable growth foundation. Investors should monitor whether this trend reflects a permanent loss of market share to larger, better-capitalized industrial competitors or merely a temporary deferral of municipal infrastructure spending.
Margin Volatility Reflects Operational Fragility
Based on the provided income statement data, gross margins have fluctuated significantly from 12.8% to 31.5%, indicating that the company lacks the pricing power necessary to offset the high input costs associated with its specialized mechanical parking hardware and on-site installation requirements.
The inconsistency in gross profitability suggests that HCAI is highly susceptible to raw material price volatility and project-specific cost overruns. Without a shift toward higher-margin software licensing, the current margin profile appears insufficient to cover the company's fixed operating expenses, leaving the business structurally vulnerable to cyclical downturns.
Operating Leverage Remains Severely Constrained
According to the latest quarterly data, the company's operating income has swung from a positive $2.6M to a loss of $356.1K, demonstrating that HCAI lacks the necessary scale to achieve operating leverage even when revenue levels were significantly higher in previous periods.
The inability to maintain positive operating margins as revenue scales down suggests that the company's cost structure is overly rigid. This lack of efficiency implies that management has not successfully optimized its SG&A expenses, which continue to weigh heavily on the bottom line despite the sharp reduction in business activity.
Insolvency Risks Overshadow Technological Narrative
While the company markets itself as an AI-driven technology firm, the financial reality, characterized by a cash balance of only $389, suggests that HCAI is effectively a distressed industrial entity facing an immediate threat to its status as a going concern.
Short-sellers would likely focus on the extreme discrepancy between the company's high-tech branding and its negligible cash reserves, which indicate a total failure in capital allocation and revenue collection. The lack of liquidity warrants extreme caution, as the firm appears unable to fund basic operations without immediate external financing.