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Year on year Hongchang International Co Ltd had net income fall 42.63% from a loss of 265.58k to a larger loss of 378.79k despite a 3,289.22% increase in revenues from 78.95k to 2.68m. An increase in the cost of goods sold as a percentage of sales from 34.69% to 97.41% was a component in the falling net income despite rising revenues.
| Gross margin | 3.92% |
|---|---|
| Net profit margin | -5.36% |
| Operating margin | -7.25% |
| Return on assets | -0.88% |
|---|---|
| Return on equity | -1.57% |
| Return on investment | -0.93% |
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Cash flow in USDView more
In 2023, Hongchang International Co Ltd increased its cash reserves by 28,426.43%, or 892.59k. Cash Flow from Financing totalled 40.94m or 1,530.09% of revenues. In addition the company generated 750.52k in cash from operations while cash used for investing totalled 41.68m.
| Cash flow per share | -0.0002 |
|---|---|
| Price/Cash flow per share | -- |
| Book value per share | 0.0757 |
|---|---|
| Tangible book value per share | 0.0757 |
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Balance sheet in USDView more
| Current ratio | 5.83 |
|---|---|
| Quick ratio | 3.77 |
| Total debt/total equity | 0.3595 |
|---|---|
| Total debt/total capital | 0.2642 |
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