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Huachen AI Parking Management Technology Holding Co., Ltd
HCAICIK 0001958399NasdaqNon-AcceleratedEmerging GrowthMiscellaneous Manufacturing IndustriesFY ends Dec 31
Period
FY 2024
Revenue
$40.94M
Net Income
$1.50M
Total Assets
$45.85M
Equity
$15.81M
Shares Out
16.00M
Op. Cash Flow
$1.51M
Business
Huachen AI Parking Management Technology Holding Co., Ltd provides comprehensive smart parking solutions and supplies equipment structural parts through its operating subsidiaries in China. It designs, manufactures, sells, installs and maintains cubic parking equipment and related structural steel components, and develops RGV/AGV carriers, a cloud-based parking and maintenance app, and new energy vehicle charging facilities. Its business operates across segments including cubic parking garage systems, equipment structural parts, installation/maintenance services and R&D. The company primarily serves customers in China via project bidding, direct sales, agents and industry exhibitions, with a focus on East China and nationwide expansion.
Summary from filing dated 2025-05-15
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| REVENUE | — | — | — | |
| Total revenue | 7 | — | — | |
| COST OF REVENUE AND RELATED TAX | 6 | — | — | |
| GROSS PROFIT | 408,898 | — | — | |
| OPERATING EXPENSES | — | — | — | |
| General and administrative expenses | 22 | 78,136 | — | |
| Total operating expenses | 22 | 78,136 | — | |
| LOSS FROM OPERATIONS | −21 | −78,136 | — | |
| OTHER INCOME (EXPENSE) | — | — | — | |
| Interest income | −196 | −21 | — | |
| Other expenses, net | 1,464 | — | — | |
| Loss on disposal of subsidiaries | −22 | — | — | |
| Total other expense, net | −22 | 21 | — | |
| LOSS BEFORE INCOME TAX PROVISION | −43 | −78,115 | — | |
| Income tax expense | 2,844 | — | — | |
| LOSS FROM CONTINUING OPERATIONS | −43 | −78,115 | — | |
| Income from discontinued operation (net of tax) | 1 | 2 | 2 | |
| NET (LOSS) INCOME | −42 | 2 | 2 | |
| Net (loss) income attributable to the noncontrolling interest | 331,044 | 15,880 | 195,140 | |
| Continuing operations | −582 | — | — | |
| Discontinued operations | 331,626 | 15,880 | 195,140 | |
| Net (loss) income attributable to common shareholders | −42 | 1 | 2 | |
| Continuing operations | −43 | −78,115 | — | |
| Discontinued operations | 1 | 2 | 2 | |
| OTHER COMPREHENSIVE INCOME(LOSS) | — | — | — | |
| Foreign currency translation income(loss) | 5 | −393,841 | −2 | |
| Other comprehensive income(loss), net of tax | 5 | −393,841 | −2 | |
| TOTAL COMPREHENSIVE (LOSS) INCOME | −37 | 1 | 245,740 | |
| Earnings per common share - basic and diluted | — | — | — | |
| Continuing operations - basic (in Dollars per share) | −38.51 | −0.08 | — | |
| Continuing operations - diluted (in Dollars per share) | −38.51 | −0.08 | — | |
| Discontinued operations - basic (in Dollars per share) | 1.27 | 1.59 | 2.02 | |
| Discontinued operations - diluted (in Dollars per share) | 1.27 | 1.59 | 2.02 | |
| Weighted average shares - basic (in Shares) | 1 | 1 | 1 | |
| Weighted average shares - diluted (in Shares) | 1 | 1 | 1 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| CURRENT ASSETS: | — | — | |
| Cash and cash equivalents | 389 | 509 | |
| Accounts receivable | 7 | — | |
| Other receivables-related party | 5 | — | |
| Prepaid expenses and other current assets | 101,344 | — | |
| Current assets of discontinued operations | — | 35 | |
| TOTAL CURRENT ASSETS | 12 | 35 | |
| Right-of-use asset, net | 39,552 | — | |
| Non-current assets from discontinued operations | — | 11 | |
| TOTAL NON-CURRENT ASSETS | 39,552 | 11 | |
| TOTAL ASSETS | 12 | 46 | |
| CURRENT LIABILITIES: | — | — | |
| Accounts payable | 7 | — | |
| Accrued liabilities and other payables | 73,638 | 209,631 | |
| Other payables - related parties | 21,587 | 1,440 | |
| Tax payable | 59,531 | — | |
| Lease liability - current | 24,229 | — | |
| Current liabilities from discontinued operations | — | 13 | |
| TOTAL CURRENT LIABILITIES | 7 | 13 | |
| Lease liability – non-current | 18,735 | — | |
| Non-current liabilities from discontinued operations | — | 5 | |
| TOTAL NON-CURRENT LIABILITIES | 18,735 | 5 | |
| TOTAL LIABILITIES | 7 | 18 | |
| COMMITMENTS AND CONTINGENCIES (NOTE 12) | — | — | |
| SHAREHOLDERS’ EQUITY | — | — | |
| Ordinary shares, value | 44 | 38 | |
| Additional paid-in capital | 30 | 3 | |
| Statutory reserves | — | 400,454 | |
| (Accumulated deficits) retained earnings | −25 | 17 | |
| Accumulated other comprehensive income (loss) | 48,321 | −5 | |
| TOTAL HUACHEN CAYMAN SHAREHOLDERS’ EQUITY | 5 | 16 | |
| Non-controlling interest | −582 | 12 | |
| TOTAL SHAREHOLDERS’ EQUITY | 5 | 28 | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 12 | 46 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Cash flows from operating activities: | — | — | — | |
| Net (loss) income | −42 | 2 | 2 | |
| Net income from discontinued operations | 1 | 2 | 2 | |
| Net loss from continuing operations | −43 | −78,115 | — | |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | — | — | — | |
| Disposal of subsidiaries, net of cash disposed | 22 | — | — | |
| Amortization of right-of-use asset | 8,809 | — | — | |
| Share-based compensation | 21 | — | — | |
| Changes in operating assets and liabilities: | — | — | — | |
| Accounts receivable | 7 | — | — | |
| Other payable - related parties | 19,542 | 1,461 | — | |
| Accounts payables | 6 | — | — | |
| Accrued liabilities and other payables | −208,992 | 77,171 | — | |
| Prepaid expenses and other current assets | 49,955 | — | — | |
| Taxes payable | 57,920 | — | — | |
| Net cash (used in) provided by operating activities - continuing operations | −882,781 | 517 | — | |
| Net cash (used in) provided by operating activities - discontinued operations | −418,839 | 2 | −2 | |
| Net cash (used in) provided by operating activities | −1 | 2 | −2 | |
| Cash flows from investing activities: | — | — | — | |
| Net cash provided by (used in) investing activities - continuing operations | — | — | — | |
| Net cash used in investing activities - discontinued operations | — | −2,183 | −916,453 | |
| Net cash used in investing activities | — | −2,183 | −916,453 | |
| Cash flows from financing activity: | — | — | — | |
| Proceeds from additional paid-in capital | 5 | — | — | |
| Repayments of related parties | 5 | — | — | |
| Net cash provided by financing activities - continuing operations | 699,490 | — | — | |
| Net cash (used in) provided by financing activities - discontinued operations | −428,732 | −2 | 2 | |
| Net cash provided by (used in) financing activity | 270,758 | −2 | 2 | |
| Effect of exchange rate changes on cash from continuing operations | 183,171 | −8 | — | |
| Effect of exchange rate changes on cash from discontinued operations | 866,645 | 418,396 | −197,272 | |
| Net change in cash, including cash from discontinued operations | 18,954 | −471,091 | −2 | |
| Cash, including cash from discontinued operations - end of year | — | — | — | |
| Cash, including cash from discontinued operations - end of year | — | — | — | |
| Less cash from discontinued operations | — | — | — | |
| Cash from continuing operations, end of year | — | — | — | |
| Supplemental disclosure information: | — | — | — | |
| Cash paid for interest | 1,281 | 610,667 | 857,114 | |
| Cash paid for income tax | 93 | 322,414 | 1,220 | |
| Supplemental non-cash information: | — | — | — | |
| Right-of-use assets obtained in exchange for lease liability | 48,606 | — | — |
Filings
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