Highway Holdings Reports 17.3% Increase in Fiscal 2025 Net Sales, Swings to $1.4M Net Income from $15.2M Loss

Reuters
07/01
Highway Holdings Reports 17.3% Increase in Fiscal 2025 Net Sales, Swings to $1.4M Net Income from $15.2M Loss

Highway Holdings Limited has reported its financial results for the fiscal year ended March 31, 2025. The company experienced a significant increase in net sales, which rose by approximately $1.091 million, or 17.3%, compared to the previous fiscal year. This growth was primarily driven by a general increase in demand in Europe, which constituted the company's highest region by net sales. Sales to European customers increased to 85.3% from 66.7% the previous year, while sales to North American customers decreased to 3.9% from 19.0%. Additionally, sales to Hong Kong/China decreased to 10.7% from 14.3%. Highway Holdings Limited reported a net income attributable to its shareholders of $1.4 million for fiscal 2025, a significant turnaround from the net loss of $15.2 million reported in fiscal 2024. The company's gross profit margin improved to 33.3% from 27.0% in the prior year. The company continues to operate in two segments: the "metal stamping and mechanical OEM" segment and the "electric OEM" segment. Highway Holdings Limited's operations are primarily based in Hong Kong, which allows the company to benefit from low income tax rates due to the region's tax structure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highway Holdings Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-059629), on June 30, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10