H
HIGHWAY HOLDINGS LTD
Period
FY 2026
Revenue
$4.80M
Net Income
$-1.52M
Total Assets
$11.00M
Equity
$4.89M
Shares Out
4.63M
Op. Cash Flow
$-1.41M
Business
Highway Holdings Limited is a contract manufacturer producing metal stamped parts, plastic injection-molded components, electronic assemblies, and finished products for original equipment manufacturers. The company offers metal stamping, plastic injection molding, electronic assembly, tooling design, and related engineering services to primarily European, Asian, and North American OEM customers. Operations span three reportable segments: Metal Stamping and Mechanical OEM, Electric OEM (including plastic operations), and Other Services (exploratory elderly-care offerings), conducted through manufacturing facilities in Shenzhen China and Yangon Myanmar, with a minority stake in a German precision sheet-metal manufacturer.
Summary from 20-F filed 2026-07-14
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Revenue from contracts with customers | 5 | 7 | 6 | |
| Cost of sales | 3 | 5 | 5 | |
| Gross profit | 1 | 2 | 2 | |
| Selling, general and administrative expenses | 4 | 3 | 2 | |
| Impairment of property, plant and equipment | 19,000 | — | 335,000 | |
| Impairment of right of use assets | 106,000 | — | 527,000 | |
| Operating loss | −2 | −535,000 | −2 | |
| Non-operating income: | — | — | — | |
| Exchange gain, net | 22,000 | 124,000 | 198,000 | |
| Interest income, net | 159,000 | 203,000 | 248,000 | |
| Other income | 21,000 | 22,000 | 30,000 | |
| Gain on disposal of property, plant and equipment | 75,000 | 333,000 | 16,000 | |
| Total non-operating income | 277,000 | 682,000 | 492,000 | |
| (Loss) income before income taxes | −2 | 147,000 | −1 | |
| Income taxes (note 4) | −486,000 | 38,000 | −161,000 | |
| Net (loss) income | −2 | 109,000 | −978,000 | |
| Net loss (Profit) attributable to non-controlling interests | −20,000 | 3,000 | −19,000 | |
| Net (loss) income attributable to Highway Holdings Limited’s shareholders | −2 | 106,000 | −959,000 | |
| Net (loss) income per share: | — | — | — | |
| - basic (in Dollars per share) | −0.33 | 0.02 | −0.22 | |
| - diluted (in Dollars per share) | −0.33 | 0.02 | −0.22 | |
| Weighted average number of shares outstanding: | — | — | — | |
| - basic (in Shares) | 5 | 4 | 4 | |
| - diluted (in Shares) | 5 | 4 | 4 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| ASSETS | — | — | |
| Current assets: | — | — | |
| Cash and cash equivalents (note 5) | 4 | 6 | |
| Accounts receivable, net (note 6) | 1 | 1 | |
| Inventories (note 7) | 1 | 1 | |
| Prepaid expenses and other current assets, net (note 8) | 253,000 | 430,000 | |
| Total current assets | 7 | 9 | |
| Property, plant and equipment, net (note 9) | 389,000 | 94,000 | |
| Intangible assets, net (note 10) | 532,000 | — | |
| Goodwill (note 11) | 260,000 | — | |
| Operating lease right-of-use assets, net (note 15) | 2 | 784,000 | |
| Long-term deposits | 179,000 | 11,000 | |
| Long-term loan receivable (note 12) | 75,000 | 95,000 | |
| Investments in equity method investees (note 13) | — | — | |
| TOTAL ASSETS | 11 | 10 | |
| LIABILITIES AND EQUITY | — | — | |
| Current liabilities: | — | — | |
| Accounts payable | 437,000 | 613,000 | |
| Operating lease liabilities, current (note 15) | 844,000 | 623,000 | |
| Accrued expenses and other current liabilities (note 14) | 2 | 1 | |
| Current portion of long-term loan payable (note 16) | 162,000 | — | |
| Income tax payable | 162,000 | 486,000 | |
| Dividend payable | 81,000 | 81,000 | |
| Total current liabilities | 3 | 3 | |
| Operating lease liabilities, non-current (note 15) | 2 | 187,000 | |
| Deferred tax liabilities | 190,000 | — | |
| Long term accrued expenses (note 14) | 26,000 | 23,000 | |
| Non current portion of long-term loan payable (note 16) | 407,000 | — | |
| Total liabilities | 6 | 3 | |
| Commitments and contingencies (note 17) | — | — | |
| Shareholders’ equity: | — | — | |
| Preferred shares, $0.01 par value (Authorized: 20,000 shares; no shares issued and outstanding as of March 31, 2025 and 2026) | — | — | |
| Common shares, $0.01 par value (Authorized: 20,000,000 shares; 4,401,825 and 4,626,676 shares as of March 31, 2025 and 2026 issued and outstanding) | 46,000 | 44,000 | |
| Additional paid-in capital | 12 | 12 | |
| Accumulated deficit | −7 | −5 | |
| Accumulated other comprehensive loss | −610,000 | −516,000 | |
| Total Highway Holdings shareholder’s equity | 5 | 6 | |
| Non-controlling interests | 544,000 | −2,000 | |
| Total Equity | 5 | 6 | |
| TOTAL LIABILITIES AND EQUITY | 11 | 10 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Cash flows from operating activities: | — | — | — | |
| Net (loss) income | −2 | 109,000 | −978,000 | |
| Depreciation of property, plant and equipment | 31,000 | 9,000 | 159,000 | |
| Amortization of operating lease right-of-use assets | 687,000 | 600,000 | 599,000 | |
| Loss on termination of operating lease right of use assets | 9,000 | — | — | |
| Amortization of Intangible assets | 5,000 | — | — | |
| Expected credit loss (reversal) provision | −82,000 | 66,000 | −513,000 | |
| Write-down of inventories | 106,000 | 71,000 | 86,000 | |
| Impairment of property, plant and equipment | 19,000 | — | 335,000 | |
| Impairment of operating lease right of use assets | 106,000 | — | 527,000 | |
| Gain on disposal of property, plant and equipment | 75,000 | 333,000 | 16,000 | |
| Reversal of income tax provision | 496,000 | — | — | |
| Share-based compensation expenses | 182,000 | 61,000 | 58,000 | |
| Changes in operating assets and liabilities: | — | — | — | |
| Accounts receivable | −338,000 | −168,000 | −1 | |
| Deferred tax | — | — | 107,000 | |
| Inventories | −119,000 | −356,000 | 272,000 | |
| Prepaid expenses and other current assets | −210,000 | 230,000 | −46,000 | |
| Accounts payable | −268,000 | −326,000 | 36,000 | |
| Accrued expenses and other current liabilities | 117,000 | −511,000 | −118,000 | |
| Operating lease liabilities | −717,000 | −576,000 | −527,000 | |
| Income tax payable | 6,000 | — | −59,000 | |
| Income tax recoverable | — | — | −3,000 | |
| Long-term accrued expenses | 3,000 | −17,000 | 23,000 | |
| Long-term deposits | 167,000 | −193,000 | — | |
| Net cash provided by (used in) operating activities | −1 | −360,000 | 415,000 | |
| Cash flows from investing activities: | — | — | — | |
| Purchase of property, plant and equipment | 103,000 | 101,000 | 118,000 | |
| Proceeds from disposal of property, plant and equipment | 82,000 | 333,000 | 16,000 | |
| Repayment from a long-term loan | −20,000 | — | — | |
| Payment for acquisition of a subsidiary | 701,000 | — | — | |
| Cash received from the acquired subsidiary | −593,000 | — | — | |
| Net cash provided by (used in) investing activities | −109,000 | 232,000 | −102,000 | |
| Cash flows from financing activities: | — | — | — | |
| Share options exercised | — | — | 59,000 | |
| Cash dividends paid | — | 492,000 | 616,000 | |
| Long term loan Repayment | 25,000 | — | — | |
| Net cash used in financing activities | −25,000 | −492,000 | −557,000 | |
| Net decrease in cash and cash equivalents | −2 | −620,000 | −244,000 | |
| Cash and cash equivalents at the beginning of year | 6 | 7 | 7 | |
| Effect of exchange rate changes on cash and cash equivalents | −18,000 | −9,000 | −107,000 | |
| Cash and cash equivalents at the end of year | 4 | 6 | 7 | |
| Supplemental disclosure of cash flow information: | — | — | — | |
| Cash paid for income taxes | 3,000 | 38,000 | 3,000 | |
| Cash paid for interest expenses | 1,000 | — | — | |
| Non-Cash investing and financing activities: | — | — | — | |
| Operating lease right-of-use assets obtained in exchange of operating lease liabilities | −617,000 | — | — | |
| Common share issued for business combination | 57,000 | — | — |
Filings
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Frequently asked questions
What is HIGHWAY HOLDINGS LTD's CIK number?
HIGHWAY HOLDINGS LTD's SEC CIK number is 0001026785 (1026785). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find HIGHWAY HOLDINGS LTD's SEC filings?
All of HIGHWAY HOLDINGS LTD's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.