View ValuationHF Foods Group 향후 성장Future 기준 점검 3/6HF Foods Group은 연간 수입과 매출이 각각 159.8%와 2.9% 증가할 것으로 예상되고 EPS는 연간 159.8%만큼 증가할 것으로 예상됩니다.핵심 정보159.8%이익 성장률159.84%EPS 성장률Consumer Retailing 이익 성장9.9%매출 성장률2.9%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트14 Jul 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • Jul 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Dennis Lam is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공고 • Jun 29+ 10 more updatesHF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 3000 IndexHF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 3000 Index공고 • Jun 22Hf Foods Group Inc. Announces Appointment of Taylor S. Brown to Board of Directors, Effective June 19, 2026HF Foods Group Inc. announced the appointment of Taylor S. Brown, Esq. to its Board of Directors, effective June 19, 2026. The Board, acting upon the recommendation of the Nominating and Corporate Governance Committee, increased the size of the Board from four to five directors and appointed Mr. Brown as an independent director to fill the resulting vacancy. The Board has determined that Mr. Brown qualifies as an independent director under applicable Nasdaq listing standards. At this time, Mr. Brown has not been appointed to serve on any Board committees. Mr. Brown, 37, is an attorney, business advisor and strategic communications executive with more than 12 years of experience advising companies, executives and growth-stage boards on acquisitions, commercial disputes, regulatory exposure, and stakeholder strategy. From May 2020 to January 2024, Mr. Brown served as Campaign Manager and Senior Strategic Advisor for statewide executive campaign organizations, where he managed operational accountability for a budget exceeding $100 million and built and mobilized a 21-region field organization with more than 1,000 paid staffers. Mr. Brown’s experience includes, among other things, advising companies on acquisitions, restructurings, capital rounds, resource allocation and post-transaction risk considerations. He also has experience developing legal and stakeholder communications strategy in high-scrutiny environments involving legal, reputational, operational and executive priorities. Mr. Brown received his Juris Doctor from Mercer University, Walter F. George School of Law, and his Bachelor of Arts in Political Science from the University of Georgia.공고 • Jun 12HF Foods Group Inc. Approves Board Resignations, Effective June 5, 2026HF Foods Group Inc. at its annual meeting of stockholders held on June 5, 2026, announced based on the results, each director nominee named was elected at the Annual Meeting, except for Xi "Felix" Lin and Jeffery Taylor. Following a review by the Nominating and Governance Committee (the “Committee”) pursuant to the Company's Corporate Governance Guidelines, the Committee and the Board of Directors (the “Board”) determined that it is in the best interests of the Company and its stockholders for each of Messrs. Lin and Taylor to continue serving on the Board. In reaching its determination, the Committee considered, among other factors, that a significant stockholder informed the Company following the Annual Meeting that an administrative error caused it to fail to submit voting instructions for approximately 1.4 million shares it intended to vote in favor of the election of each of the Company’s nominees for director. Absent this error, each of Messrs. Lin and Taylor would have received affirmative votes exceeding the majority threshold. The Committee also considered (i) Mr. Lin's operational background, his experience in various leadership positions within the Company, including his continuing role as President and Chief Executive Officer of the Company, and his prior roles at other public companies, (ii) Mr. Taylor's experience in financial roles across various markets and as the Chief Financial Officer of several public companies, (iii) the votes of certain stockholders with interests the Company believes to be adverse to those of the Company and its other stockholders, (iv) the overall composition of the Board, and (v) the near-term goals of the Company and the anticipated value of the continuing service of Messrs. Lin and Taylor in achieving those goals. Each of Messrs. Lin and Taylor recused himself from, and did not attend, the portions of the meetings of the Board and the Committee, as applicable, at which the Board and the Committee considered his resignation.Board Change • May 20High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Director Dennis Lam is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.공고 • Apr 28HF Foods Group Inc. to Report Q1, 2026 Results on May 11, 2026HF Foods Group Inc. announced that they will report Q1, 2026 results After-Market on May 11, 2026공고 • Apr 27HF Foods Group Inc., Annual General Meeting, Jun 05, 2026HF Foods Group Inc., Annual General Meeting, Jun 05, 2026.공고 • Mar 17HF Foods Group Inc. Reports Goodwill Impairment Charges for the Fourth Quarter Ended December 31, 2025HF Foods Group Inc. reported Goodwill Impairment charges for the fourth quarter ended December 31, 2025. For the period, the company reported goodwill impairment charges of $38,815,000 compared to $46,303,000 same quarter a year ago.공고 • Mar 03HF Foods Group Inc. to Report Q4, 2025 Results on Mar 16, 2026HF Foods Group Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 16, 2026공고 • Feb 03+ 1 more updateHF Foods Group Inc. Appoints Paul McGarry as Chief Financial Officer (Principal Financial and Accounting Officer), Effective January 27, 2026As previously reported on HF Foods Group Inc.'s Current Report on Form 8-K filed with the Securities and Exchange Commission (the SEC) on October 16, 2025 (the Prior Form 8-K), the Board of Directors of the Company appointed Paul McGarry as Interim Chief Financial Officer (principal financial and accounting officer) of the Company, effective October 15, 2025. On January 27, 2026, Mr. McGarry was appointed Chief Financial Officer (principal financial and accounting officer) of the Company, effective January 27, 2026.공고 • Jan 21HF Foods Group Inc. Announces Resignation of Maria Ross as Lead Independent Director, Effective January 16, 2025On January 15, 2026, Maria Ross notified HF Foods Group Inc. (the “Company”) of her resignation from the board of directors (the “Board”) of the Company, all committees thereof, and as Lead Independent Director, effective January 16, 2025. Ms. Ross’s resignation from the Board was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.공고 • Oct 28HF Foods Group Inc. to Report Q3, 2025 Results on Nov 10, 2025HF Foods Group Inc. announced that they will report Q3, 2025 results After-Market on Nov 10, 2025공고 • Oct 17+ 2 more updatesHF Foods Group Inc. Announces CFO Changes, Effective October 15, 2025On October 13, 2025, the Board of Directors (the "Board") of HF Foods Group Inc. appointed Paul McGarry as Interim Chief Financial Officer of the Company, effective October 15, 2025. Mr. McGarry has served as the Company's Vice President, Corporate Controller since February 2025. Effective October 15, 2025, Cindy Yao, separated from the Company as the Chief Financial Officer of the Company. Ms. Yao's separation will be treated as a termination without cause for purposes of her offer letter with the Company. Ms. Yao's termination is not the result of any disagreements concerning financial disclosures or accounting matters. Mr. McGarry, 58, is a senior finance executive with deep experience in public-company corporate governance, enterprise finance, capital markets, and operational transformation. Prior to joining the Company, Mr. McGarry served as Corporate Financial Controller at American Battery Technology Company (July 2024–February 2025), where he oversaw financial operations and strengthened the internal-control environment. From 2023 to 2024, he served as a financial executive consultant to Alimera Sciences Inc., providing forecasting, financial reporting, and internal-control advisory services. Earlier, Mr. McGarry was Senior Vice President, Finance and Chief Accounting Officer at Rockwell Medical Inc. (2019–2023); Corporate Financial Controller at Alyvant Inc. (2018–2019); and Corporate Financial Controller at Champions Oncology Inc. (2011–2018). He began his career at Deloitte & Touche LLP, where he served as an Audit Manager in Assurance and Advisory Services. Mr. McGarry received his B.S. in Accounting from The Pennsylvania State University and is a Certified Public Accountant.공고 • Sep 26HF Foods Group Inc. has filed a Follow-on Equity Offering in the amount of $100 million.HF Foods Group Inc. has filed a Follow-on Equity Offering in the amount of $100 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering공고 • Jul 29HF Foods Group Inc. to Report Q2, 2025 Results on Aug 11, 2025HF Foods Group Inc. announced that they will report Q2, 2025 results After-Market on Aug 11, 2025공고 • Jun 06HF Foods Group Inc. Announces Board and Committee ChangesOn June 1, 2025 and June 2, 2025, respectively, Lisa Lim and Charlotte Westfall notified the Company of their resignations from the board of directors (Board) of HF Foods Group Inc. (Company) and all committees thereof, each effective June 2, 2025. Neither Ms. Lim’s nor Ms. Westfall’s resignation from the Board was the result of any disagreement with the Company on any matter relating to the company’s operations, policies or practices. As a result of the resignations, Ms. Lim and Ms. Westfall did not stand for re-election as members of the Board at the Company’s Annual Meeting of Stockholders held on June 3, 2025. Effective June 4, 2025, the Board appointed Dennis Lam as a member of the Board to fill one of the two vacancies resulting from the resignations referred to above. Dennis Lam, age 41, is a certified public accountant and the owner of Lam Advisory, LLC, a business consulting service. Mr. Lam is a former audit partner with the national accounting firm BDO USA, P.C. (“BDO”). He has over 20 years of experience in providing audit and advisory services to global and domestic public and private companies, ranging from startups to companies with over $1 billion in revenues. During his tenure with BDO, Mr. Lam served as the lead audit partner for numerous companies in the retail and consumer products, manufacturing, distribution, and foodservice industries. His accounting and finance experience includes expertise in various types of transactions such as debt and equity issuances, public offerings, and mergers and acquisitions. Mr. Lam is currently a member of the Board of Governors of the Boys and Girls Clubs of Santa Monica. Mr. Lam received his Bachelor of Arts in Economics from the University of California, Los Angeles. The Board has determined that Mr. Lam is an independent director under applicable Company and Nasdaq standards and has been named to serve as the Chair of the Audit Committee of the Board and as a member of the Compensation Committee and the Nominating and Governance Committee of the Board. The Board has commenced a search process for a new independent director to fill the remaining vacancy on the Board resulting from the two resignations referred to above. On June 4, 2025, the Board appointed Maria Ross to serve as the Lead Independent Director of the Board, effective immediately.공고 • May 06+ 1 more updateHf Foods Group Inc. Rebrands and Launches Innovative E-Commerce Platform Dedicated to International Foodservice Solutions in the U.SHF Foods Group Inc. announced the launch of a new e-commerce platform - a unique offering within the specialty foodservice industry to directly serve restaurant employees alongside HF Foods' existing restaurant deliveries. Paired with the launch, HF Foods also debuted a new company logo and tagline that will update on the Company's website and other applications in the coming weeks. HF Foods will roll out access to this new, innovative platform to selective customers over the coming months. It will enable restaurant employees and owners to directly purchase HF Foods' authentic, high-quality specialty products using the same delivery infrastructure already serving their restaurants. This model leverages HF Foods' established global network of suppliers and robust distribution infrastructure to offer a cost-efficient, value-added channel in a seamless digital experience. In addition, HF Foods' new refreshed logo features a green and gold design, reflecting the Company's innovative direction and high-quality product offerings. The infinity symbol embedded in the logo also underscores HF Foods' renewed focus on technology and logistics - core strengths that enable it to serve a growing customer base with greater efficiency and scale. Its tagline, "Specialty Food is Our Specialty," signals the Company's plans to expand into additional international restaurant verticals. HF Foods will initially launch the e-commerce platform at its North Carolina, Florida and Utah locations, making it available to thousands of existing customers. The platform utilizes the same fulfilment capabilities already offered to the Company's growing portfolio of customers, allowing for better market penetration without incurring additional logistics costs.공고 • Apr 28HF Foods Group Inc., Annual General Meeting, Jun 03, 2025HF Foods Group Inc., Annual General Meeting, Jun 03, 2025.공고 • Mar 14HF Foods Group Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2024HF Foods Group Inc. reported impairment charges for the fourth quarter ended December 31, 2024. For the quarter, the company reported Goodwill impairment charges of $46,303,000.공고 • Dec 20HF Foods Group Inc. Appoints Felix Lin as Chief Executive Officer, Effective January 1, 2025HF Foods Group Inc. announced that its Board of Directors has appointed Felix Lin as permanent Chief Executive Officer, effective January 1, 2025. Mr. Lin had previously served as President and Chief Operating Officer (COO) and was appointed to the additional role of Interim CEO in October 2024. Mr. Lin has been a key leader of HF Foods for the past five years, and his extensive experience in driving both operations and strategy has been integral as the Company executes its transformation plan. In accepting his new role, Mr. Lin will relinquish his position as HF Foods COO. His responsibilities will be seamlessly distributed among the Company's experienced senior management team, ensuring continued operational excellence as Mr. Lin assumes his new role as CEO. Mr. Lin will also be nominated to join HF Foods Board of Directors during its next election cycle in June 2025.Reported Earnings • Nov 13Third quarter 2024 earnings released: US$0.075 loss per share (vs US$0.035 profit in 3Q 2023)Third quarter 2024 results: US$0.075 loss per share (down from US$0.035 profit in 3Q 2023). Revenue: US$298.4m (up 6.0% from 3Q 2023). Net loss: US$3.94m (down 309% from profit in 3Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.공고 • Oct 28HF Foods Group Inc. Announces Chief Executive Officer ChangesHF Foods Group Inc. announced the appointment of Felix Lin as Interim Chief Executive Officer (CEO). Mr. Lin assumes the role of CEO, in addition to his current roles of President and Chief Operating Officer (COO). Mr. Lin replaces HF Foods’ previous CEO, Peter Zhang. The leadership transition is not due to any disagreement with Mr. Zhang regarding the Company’s financial reporting, policies or practices. Mr. Zhang remains on the Board of Directors. With extensive experience in operational management and financial strategy, Mr. Lin has been a pivotal leader at HF Foods for the past five years, contributing significantly through his roles on both the management team and the Board of Directors. In addition to his current roles of President and COO, he was previously a member of the Board of Directors and has served as Interim Chief Financial Officer. His contributions have been key in executing the Company’s transformation plan. Prior to HF Foods, Mr. Lin served as Vice President for Blue Bird Corporation, a leading school bus manufacturer in North America, where he oversaw human resources, corporate and operations training, government relations, compliance and strategy. Earlier in his career, Mr. Lin held leadership roles in Finance, Manufacturing Operations, Supply Chain and worked as a key member of the China and Middle East business development team for Blue Bird Corporation under Cerberus Capital Management, LLP. He served as an Independent Board Member for HF Foods from November 2019 to April 2022, where he served as Chairman of the Audit Committee and the Special Investigation Committee.Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €3.28, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total loss to shareholders of 36% over the past three years.Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: US$0 (vs US$0.016 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0 (improved from US$0.016 loss in 2Q 2023). Revenue: US$302.3m (up 3.4% from 2Q 2023). Net income: US$17.0k (up US$867.0k from 2Q 2023). Profit margin: 0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €2.80, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 15x in the Consumer Retailing industry in Europe. Total loss to shareholders of 37% over the past three years.공고 • Aug 01HF Foods Group Inc. to Report Q2, 2024 Results on Aug 06, 2024HF Foods Group Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024Board Change • Aug 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Director Peter Zhang Zhang is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improves as stock rises 32%After last week's 32% share price gain to €3.04, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 15x in the Consumer Retailing industry in Europe. Total loss to shareholders of 32% over the past three years.공고 • Jul 06HF Foods Group Inc. Announces Board ChangesHF Foods Group Inc. announced the appointment of Dr. Yujie Wang to the Company’s board of directors effective immediately. Simultaneously with the appointment of Dr. Wang, Prudence Kuai has departed from her position as a director of the Company. As a result of the appointment of Dr. Wang, the Company’s board of directors continues to be comprised of four independent directors and Mr. Peter Zhang, the CEO of the Company. Dr. Wang is a veteran of the food production industry with more than 25 years of experience in product development, sales, and general management, with specialization in key account management, technical expertise in product development and support for quick service restaurants, and personnel and organizational development. Dr. Wang holds a PhD in Food Engineering from Kansas State University.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €2.60, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 15x in the Consumer Retailing industry in Europe. Total loss to shareholders of 40% over the past three years.Board Change • Jul 02High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Director Peter Zhang Zhang is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.공고 • Jun 28HF Foods Group Inc. Announces Board ChangesHF Foods Group Inc. announced the appointment of Maria Ross to the Company’s board of directors effective immediately. Simultaneously with the appointment of Ms. Ross, Dr. Hong Wang has departed from his position as a director of the Company. As a result of the appointment of Ms. Ross, the Company’s board of directors continues to be comprised of four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Ross is a supply chain executive with over 30 years of experience, focused on team development, strategic planning and operational execution in manufacturing, grocery and retail. Prior to her appointment as a member of the Company’s board of directors, Ms. Ross held positions with Nike, The Fresh Market, BJ’s Wholesale Club, Oldcastle Inc. and The Home Depot wherein she focused on supply chain and logistics matters.공고 • Jun 13HF Foods Group Inc. Announces Board AppointmentsHF Foods Group Inc. announced the appointment of Lisa Lim and Charlotte Westfall to the Company’s board of directors effective June 7, 2024. As a result of the appointments of Ms. Lim and Ms. Westfall, the Company’s board of directors will now include four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Lim, a retired partner with the global professional services organization, Ernst & Young (“EY”), is a seasoned global business leader, SEC-qualified financial expert and CPA with 39 years of experience advising Fortune 100 and growth companies on strategic business development, digital transformations, acquisitions & divestitures, supply chain, tax planning and IPO readiness. During her tenure at EY, Ms. Lim also provided exceptional global relationship management to her clients by collaborating, building relationships and leading global teams. Ms. Westfall is a corporate partner based in the San Francisco office of a US global law firm. As a corporate and securities attorney, Ms. Westfall counsels public companies on corporate governance, securities compliance and mergers and acquisitions. In addition, Ms. Westfall advises clients on US-China cross-border business transactions, as well as market entry strategy, corporate development and branding for Chinese companies seeking investment opportunities in the US, and US companies seeking access to the Chinese market.공고 • May 03HF Foods Group Inc. to Report Q1, 2024 Results on May 08, 2024HF Foods Group Inc. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024공고 • Apr 26+ 1 more updateHF Foods Group Inc., Annual General Meeting, Jun 03, 2024HF Foods Group Inc., Annual General Meeting, Jun 03, 2024, at 12:00 US Eastern Standard Time. Agenda: To elect five members of the Board of Directors to serve until the 2025 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified, or until their respective deaths, resignations or removals; to ratify the selection of BDO USA, P.C. as the Company's independent registered public accounting firm for the year ending December 31 2024; to consider a non-binding advisory vote on compensation of our named executive officers; To approve an amendment to the HF Foods Group Inc. 2018 Omnibus Equity Incentive Plan; and to transact such other business as may properly come before the meeting or any continuation, adjournment or postponement thereof.공고 • Apr 13HF Foods Group Inc. Announces Departure of Carlos Rodriguez, Chief Financial OfficerHF Foods Group Inc. announced that effective April 8, 2024, Carlos Rodriguez has departed the Company and will no longer serve as the Chief Financial Officer of the Company. Mr. Rodriguez’s departure from the Company was not the result of any disagreement with the Company on any matter related to the Company’s operations, policies or practices. As previously reported, Xi Lin (aka Felix Lin), the Company’s President and Chief Operating Officer, has served as the Company’s interim Chief Financial Officer since February 9, 2024. The Company has commenced a search for a permanent Chief Financial Officer. Mr. Lin will continue to serve in the role of interim Chief Financial Officer until the Company appoints a permanent Chief Financial Officer.공고 • Mar 15HF Foods Group Inc. announced delayed annual 10-K filingOn 03/14/2024, HF Foods Group Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.Reported Earnings • Mar 15Full year 2023 earnings released: US$0.04 loss per share (vs US$0.009 profit in FY 2022)Full year 2023 results: US$0.04 loss per share (down from US$0.009 profit in FY 2022). Revenue: US$1.15b (down 1.9% from FY 2022). Net loss: US$2.17m (down US$2.63m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.공고 • Mar 08HF Foods Group Inc. to Report Q4, 2023 Results on Mar 14, 2024HF Foods Group Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 14, 2024공고 • Feb 10HF Foods Group Inc. Appoints Felix Lin as President of the CompanyHF Foods Group Inc. announced the appointment of Mr. Xi Lin (aka Felix Lin) as President of the Company, in addition to his current role as the Company’s Chief Operating Officer, effective February 12, 2024. Mr. Lin has served as the Company’s Chief Operating Officer since May 1, 2022. He also previously served as an Independent Board Member for the Company from November 2019 to April 2022. Mr. Lin’s experience includes serving as Vice President and a Senior Strategy Officer for Blue Bird Corporation (the leading school bus manufacturer in North America), overseeing Human Resources, Corporate and Operations Training, Government Relations, Compliance, and Strategy. During his time at Blue Bird Corporation, Mr. Lin also held leadership positions in Manufacturing Operations, Supply Chain, Finance, and Accounting. Earlier in his career, Mr. Lin worked as a key member of the China and Middle East business development team for Blue Bird Corporation under Cerberus Capital Management, LLP.New Risk • Nov 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.3% increase in shares outstanding).Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.035 (vs US$0.072 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.035 (up from US$0.072 loss in 3Q 2022). Revenue: US$281.5m (down 6.4% from 3Q 2022). Net income: US$1.88m (up US$5.75m from 3Q 2022). Profit margin: 0.7% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.공고 • Nov 04HF Foods Group Inc. to Report Q3, 2023 Results on Nov 09, 2023HF Foods Group Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023Recent Insider Transactions • Sep 11CEO & Director recently bought €106k worth of stockOn the 7th of September, Xiao Mou Zhang bought around 25k shares on-market at roughly €4.23 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €245k. Xiao Mou has been a buyer over the last 12 months, purchasing a net total of €552k worth in shares.Recent Insider Transactions • Aug 30CEO & Director recently bought €245k worth of stockOn the 28th of August, Xiao Mou Zhang bought around 55k shares on-market at roughly €4.46 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Xiao Mou has been a buyer over the last 12 months, purchasing a net total of €446k worth in shares.Recent Insider Transactions • Aug 20CEO & Director recently bought €201k worth of stockOn the 17th of August, Xiao Mou Zhang bought around 45k shares on-market at roughly €4.46 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Xiao Mou's only on-market trade for the last 12 months.Reported Earnings • Aug 10Second quarter 2023 earnings released: US$0.016 loss per share (vs US$0.085 profit in 2Q 2022)Second quarter 2023 results: US$0.016 loss per share (down from US$0.085 profit in 2Q 2022). Revenue: US$292.3m (down 2.4% from 2Q 2022). Net loss: US$850.0k (down 119% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (4.2% increase in shares outstanding).공고 • Jun 25+ 1 more updateHF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 2000 Value-Defensive IndexHF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 2000 Value-Defensive Index공고 • May 16Irrevocable Trust Withdraws its Slate of Nominees to the Board of HF Foods Group IncOn May-15-2023, Irrevocable Trust for Raymond Ni announced that on May 12, 2023, it determined to withdraw its slate of nominees for election to the Board of HF Foods Group Inc at the annual meeting and it will not be soliciting any proxies in connection with the election of directors at the annual meeting. Irrevocable Trust expressed that notwithstanding its withdrawal of director nominees, it intends to monitor the situation at the Company closely and are concerned that the current Board is prioritizing self-preservation over the best interests of stockholders. The Board’s rejection of the Irrevocable Trust’ nominations, without identifying any specific deficiencies in the nomination notice, has only strengthened Irrevocable Trust’ concerns regarding the direction of the Company under its current leadership. As such, Irrevocable Trust will not hesitate to take any actions that they believe are necessary to protect the best interests of stockholders.Reported Earnings • May 11First quarter 2023 earnings released: US$0.11 loss per share (vs US$0.058 profit in 1Q 2022)First quarter 2023 results: US$0.11 loss per share (down from US$0.058 profit in 1Q 2022). Revenue: US$293.9m (up 5.6% from 1Q 2022). Net loss: US$5.93m (down 291% from profit in 1Q 2022).공고 • May 06Irrevocable Trust for Raymond Ni Issues a Statement with HF Foods Group IncOn May 5, 2023, Irrevocable Trust for Raymond Ni announced that it wishes to nominate other candidates to the HF Foods Group Inc’s board of directors, which it believes are qualified and are more suited than the current directors, all in order to improve the Company’s performance and thinking solely of the best interests of the Company’s stakeholders and to the benefit of the investments of all shareholders.Buying Opportunity • May 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 36%. The fair value is estimated to be €4.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 102%.Buying Opportunity • Mar 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 5.0%. The fair value is estimated to be €4.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 102%.Reported Earnings • Mar 17Full year 2022 earnings released: EPS: US$0.009 (vs US$0.43 in FY 2021)Full year 2022 results: EPS: US$0.009 (down from US$0.43 in FY 2021). Revenue: US$1.17b (up 47% from FY 2021). Net income: US$460.0k (down 98% from FY 2021). Profit margin: 0% (down from 2.8% in FY 2021). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €4.16, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 14x in the Consumer Retailing industry in Europe. Total loss to shareholders of 25% over the past year.공고 • Jan 23HF Foods Group Receives Written Notice from Nasdaq Regarding Not in Compliance Due to Failure to Hold an Annual Meeting of ShareholdersOn January 17, 2023, HF Foods Group Inc. received written notice (the ‘Notice’) from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (‘Nasdaq’) stating that Nasdaq had determined that the Company was not in compliance with Nasdaq Listing Rule 5260(a) due to the Company’s failure to hold an annual meeting of shareholders (an ‘Annual Meeting’) within the twelve months following the end of the Company’s fiscal year ended December 31, 2021. The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. Pursuant to the Notice, the Company has seven calendar days (until January 24) to submit a plan to regain compliance with Nasdaq Listing Rule 5260(a). The Company intends to present its views to the staff of Nasdaq with respect to the fact that an Annual Meeting was not held in 2022, and to request that the Panel grant an exception in order for the Company to hold an Annual Meeting at a later date. Under applicable Nasdaq Listing Rule 5815, the Panel has the discretion to grant an exception of up to 360 days following January 1, 2023, in order for the Company to hold an Annual Meeting. As previously disclosed, in addition to the foregoing the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the three months ended September 30, 2022, its Quarterly Report on Form 10-Q for the three months ended June 30, 2022, its Quarterly Report on Form 10-Q for the three months ended March 31, 2022, and its Annual Report on Form 10-K for the year ended December 31, 2021 (collectively, the ‘Delinquent Reports’). The Company intends to submit a plan of compliance as requested pursuant to the Notice and to schedule its Annual Meeting as soon as is practicable following the filing of the Delinquent Reports.공고 • Jan 20HF Foods Group Inc. Appoints Ms. Prudence C. Kuai as Member of the BoardHF Foods Group Inc. (Company), upon the recommendation of the Nominations and Governance Committee of the Board, appointed Ms. Prudence C. Kuai as a member of the Board effective January 17, 2023. Ms. Kuai is not party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K. Ms. Kuai was not selected as a director pursuant to any arrangement or understanding between her and any other person. The Board has determined that Ms. Kuai is an independent director under applicable Company and Nasdaq standards and has been named to serve on the Company’s Nominations and Governance, Compensation, and Audit Committees. Prudence Kuai, a 25-year veteran of the healthcare industry and a thought leader in applying technological advancements in operational process automation, eCommerce, utilization of artificial intelligence and data analytics. As a result of Ms. Kuai’s appointment, the Company’s board of directors will now include four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Kuai has led the Information Technology function as CIO for many leading healthcare companies. Ms. Kuai has demonstrated her solid and extensive technology and operations experience in supporting business growth via organic and merger/acquisition strategies. Ms. Kuai received a master’s degree in mathematics from the University of Texas, Arlington, and a bachelor’s degree in mathematics from National Taiwan University.공고 • Nov 18HF Foods Receives Notification Letter of Non-Compliance from the Listing Qualifications Department of The Nasdaq Stock Market LLCOn November 14, 2022, HF Foods Group Inc. (the "Company") received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's delay in filing its Quarterly Report on Form 10-Q for the three months ended September 30, 2022 (the "Q3 2022 Form 10-Q"), and because the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2021 (the "Form 10-K"), its Quarterly Report on Form 10-Q for the three months ended March 31, 2022 (the "Q1 2022 Form 10-Q"), and its Quarterly Report on Form 10-Q for the three months ended June 30, 2022 (the "Q2 2022 Form 10-Q", and, together with the Form 10-K, the First Quarter 2022 Form 10-Q and the Second Quarter 2022 Form 10-Q, the "Delinquent Reports"), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. As previously disclosed, on September 27, 2022, the Company received a Staff Delisting Determination (the "Staff Determination") from the Listing Qualifications Department of Nasdaq relating to the Company's Delinquent Reports. Pursuant to Nasdaq rules, the Company appealed the Staff Determination to Nasdaq, and was granted a hearing date (the "Hearing") before the Nasdaq Hearings Panel (the "Panel") on November 3, 2022. Based on the evidence the Company presented prior to the hearing via written updates to the Panel and at the Hearing, the Panel granted the Company an extended stay of delisting proceedings, to last until January 31, 2023. The Company must provide an update to the Panel on the progress of its independent auditors' review and procedures by December 30, 2022. The Company can regain compliance with Nasdaq's continued listing requirements at any time before January 31, 2023, by filing the Delinquent Reports with the Securities and Exchange Commission ("SEC"), as well as any subsequent periodic financial reports that may become due, and continuing to comply with Nasdaq's other continued listing requirements. The Company intends to file with the SEC the Delinquent Reports and regain compliance with Nasdaq's continued listing requirements as soon as practicable. The Company filed a Notification of Late Filing on Form 12b-25 on November 10, 2022, indicating that the filing of the Third Quarter 2022 Form 10-Q would be delayed due to additional review and procedures of complex technical and accounting issues. The issues relate to the previously disclosed independent investigation by the Special Investigation Committee of the Company's Board of Directors and the previously disclosed concurrent, non-public SEC investigation.공고 • Nov 11HF Foods Group Inc. announced delayed 10-Q filingOn 11/10/2022, HF Foods Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.Board Change • Nov 10High number of new directorsIndependent Director Valerie Chase was the last director to join the board, commencing their role in 2021.공고 • Nov 05HF Foods Group Inc. Announces Resignation of Jose Maroto from the Board of DirectorsOn October 31, 2022, Jose Maroto informed the Board of Directors (the “Board”) of HF Foods Group Inc., a Delaware corporation (the “Company”), of his intention to resign as a director of the Company effective November 1, 2022. Mr. Maroto’s resignation was not due to any disagreement with the Board, the Company or management on any matter relating to the Company's operation, policies (including accounting or financial policies) or practices.공고 • Oct 05HF Foods Receives Staff Delisting Determination from the Listing Qualifications Department of NasdaqOn September 28, 2022, HF Foods Group Inc. received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic reports with the Securities and Exchange Commission (the “SEC”). As previously disclosed, the Company was unable to timely file its Annual Report on Form 10-K for the year ended December 31, 2021 and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022. The Staff Determination will not immediately result in the suspension of trading or delisting of the Company’s common stock, and the Nasdaq Listing Rules provide a procedure for the Company to appeal the Staff Determination and seek a stay pending the appeal as described below. The Company is appealing the Staff Determination by requesting a hearing before the Nasdaq Hearings Panel (the “Hearings Panel”) to present its plan to regain compliance with the applicable listing requirements. In connection with its request for a hearing, the Company also is requesting that the suspension and delisting of its common stock be stayed pending the hearing and decision of the Hearings Panel. Under the Nasdaq Listing Rules, the Hearings Panel will have 15 days to decide on the request for a further stay pending the hearing. According to the Staff Determination, hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request. As previously disclosed, the filing of the delinquent reports has been delayed as a result of an ongoing review of accounting issues relating to the Company’s business combination with B&R Global Holdings Inc. on November 4, 2019 (the “B&R Merger”) in response to an SEC comment letter, in addition to an internal review relating to a previously disclosed SEC investigation (the “SEC Investigation”). After the Company engaged in correspondence and discussions with the Staff of the SEC (the “SEC Staff”) regarding the accounting issues surrounding the B&R Merger, the SEC Staff verbally, and subsequently, on September 12, 2022, by written notice, informed the Company that the SEC Staff had completed their review of the Company’s periodic reports. Based on the SEC Staff’s determinations and the Company’s own legacy positions, the Company determined that it would not need to restate its historical financials based on the accounting issues surrounding the B&R Merger.공고 • Aug 18HF Foods Group Receives A Notification Letter from the Listing Qualifications Department of the Nasdaq Stock Market LLCOn August 11, 2022, HF Foods Group Inc. (the "Company") received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's delay in filing its Quarterly Report on Form 10-Q for the three months ended June 30, 2022 (the "Q2 2022 Form 10-Q"), and because the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2021 (the "Form 10-K") and its Quarterly Report on Form 10-Q for the three months ended March 31, 2022 (the "Q1 2022 Form 10-Q"), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. As previously disclosed, the Company received a notification letter from the Listing Qualifications Department of Nasdaq on April 1, 2022 (the "Initial Notification Letter") relating to the Company's delay in filing the Form 10-K, and received an additional notification letter from the Listing Qualifications Department of Nasdaq on May 12, 2022 (the "Q1 2022 10-Q Notification Letter") relating to the Company's delay in filing the First Quarter 2022 Form 10-Q. The Initial Notification Letter stated that, under Nasdaq rules, the Company has 60 calendar days, or until May 31, 2022, to submit a plan to regain compliance with Nasdaq's continued listing requirements. If the plan was accepted, Nasdaq may grant an extension of up to 180 calendar days, or until September 27, 2022 to regain compliance. Subsequent to the First Quarter 2022 10-Q Notification Letter, the Company submitted a plan of compliance (the "Plan") to Nasdaq. Nasdaq accepted the Plan and granted the Company an extension of 180 calendar days (until September 27, 2022) to regain compliance with Nasdaq's listing standards. Pursuant to the additional notification letter dated as of August 11, 2022, the Company must submit an update to its original plan to regain compliance with respect to the filing requirement for review by August 26, 2022. The Company can also regain compliance with Nasdaq's continued listing requirements at any time before September 27, 2022, by filing the Form 10-K, the First Quarter 2022 Form 10-Q and the Second Quarter 2022 Form 10-Q with the Securities and Exchange Commission (the "SEC"), as well as any subsequent periodic financial reports that may become due, and continuing to comply with Nasdaq's other continued listing requirements. The Company intends to file with the SEC the Form 10-K, the First Quarter 2022 Form 10-Q and the Second Quarter 2022 Form 10-Q and regain compliance with Nasdaq's continued listing requirements as soon as practicable. The Company filed a Notification of Late Filing on Form 12b-25 on August 10, 2022, indicating that the filing of the Second Quarter 2022 Form 10-Q would be delayed primarily to its ongoing review of the accounting treatment relating to the Company's business combination with B&R Global Holdings Inc. on November 4, 2019 in response to a SEC comment letter.공고 • Aug 11HF Foods Group Inc. announced delayed 10-Q filingOn 08/10/2022, HF Foods Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공고 • Jul 15+ 1 more updateHF Foods Group Inc. Appoints Carlos A. Rodriguez as Chief Financial Officer, Effective on or Before August 1, 2022HF Foods Group Inc. announced the appointment of Mr. Carlos A. Rodriguez as Chief Financial Officer, effective on or before August 1, 2022. Mr. Rodriguez will report directly to Mr. Peter Zhang, Chief Executive Officer of the Company. Mr. Rodriguez has over 25 years of finance and accounting experience across various industries, including technology, entertainment, restaurants, and life science. Most recently, Mr. Rodriguez served as Chief Accounting Officer and Vice President Corporate Finance for General Life Sciences Inc. In that role, he led the Accounting, Finance, Financial Reporting, Treasury/Cash Management, Strategic and Financial Planning, M&A Due Diligence, and other financial responsibilities. Prior to General Life Sciences, Mr. Rodriguez served as Vice President of Accounting and Corporate Finance for California Pizza Kitchen Inc. Mr. Rodriguez holds a Bachelor’s degree in Accounting and a Master’s of Business Administration degree from the University of Southern California. He is also a Certified Public Accountant in the State of California.공고 • Jul 08+ 1 more updateHF Foods Group Inc Appoints Jose Maroto to its Board of DirectorsHF Foods Group Inc. has appointed Jose Maroto to the Company’s board of directors effective July 1, 2022. Mr. Maroto is a 29-year veteran in the foodservice industry with experience in foodservice distribution, cash and carry, international market expansion, and other ancillary businesses. Mr. Maroto’s experience spans across Latin America. He started and grew businesses in Costa Rica and Panama which became the foodservice distributors in each country. In addition, he built foodservice cash and carry retail businesses in both Costa Rica and Panama, which currently consist of 22 stores across both countries and is a partner in the independent foodservice distributor in Mexico. Mr. Maroto holds a Bachelor of Science in Business from the University of Minnesota.공고 • May 19HF Foods Group Receives Notification Letter from the Listing Qualifications Department of The Nasdaq Stock Market LLCOn May 12, 2022, HF Foods Group Inc. received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's delay in filing its Annual Report on Form 10-Q for the three months ended March 31, 2022 (the "Form 10-Q"), and because the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2021 (the "Form 10-K"), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. As previously disclosed on April 7, 2022, the Company received a notification letter from the Listing Qualifications Department of Nasdaq on April 1, 2022 (the "Initial Notification Letter") relating to the Company's delay in filing the Form 10-K. The Initial Notification Letter stated that, under Nasdaq rules, the Company has 60 calendar days, or until May 31, 2022, to submit a plan to regain compliance with Nasdaq's continued listing requirements. If the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days, or until September 27, 2022 to regain compliance. The Company can also regain compliance with Nasdaq's continued listing requirements at any time before May 31, 2022, by filing the Form 10-K with the Securities and Exchange Commission (the "SEC"), as well as any subsequent periodic financial reports that may become due, and continuing to comply with Nasdaq's other continued listing requirements. The Company intends to file with the SEC the Form 10-K and the Form 10-Q and regain compliance with Nasdaq's continued listing requirements as soon as practicable. The Company filed a Notification of Late Filing on Form 12b-25 on May 11, 2022, indicating that the filing of the Form 10-Q would be delayed primarily to its ongoing review of the accounting treatment relating to the Company's business combination with B&R Global Holdings Inc. on November 4, 2019 in response to a SEC comment letter.공고 • May 12+ 1 more updateHF Foods Group Inc. announced delayed 10-Q filingOn 05/11/2022, HF Foods Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공고 • Apr 26HF Foods Group Inc. (NasdaqCM:HFFG) entered into an agreement to acquire Substantially All of the Assets of Sealand Food, Inc. for $20 million.HF Foods Group Inc. (NasdaqCM:HFFG) entered into an agreement to acquire Substantially All of the Assets of Sealand Food, Inc. for $20 million on April 19, 2022. The transaction is expected to be completed during the second quarter of 2022. Ellenoff Grossman & Schole LLP acted as legal advisor to Sealand and Arnall Golden Gregory, LLP acted as legal advisor to HF Foods.공고 • Apr 21HF Foods Group, Inc. Appoints Xi Lin as Chief Operating Officer, Effective May 1, 2022HF Foods Group Inc. announced the appointment of Xi Lin (aka Felix Lin) as Chief Operating Officer of the Company, effective May 1, 2022. Lin will report directly to the CEO of the Company. Lin has served as an Independent Board Member for the Company since November 2019, where he served as Chairman of the Audit Committee and the Special Investigation Committee. He will continue to serve on the Board of Directors until another Independent Director is appointed. Lin has had a very successful and diverse career prior to joining HF Foods. Most recently, Felix was Vice President and a Senior Strategy Officer for Blue Bird Corporation.공고 • Apr 08HF Foods Group Inc. Receives Notification Letter from Listing Qualifications Department of the NasdaqOn April 1, 2022, HF Foods Group Inc. (the “Company”) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Annual Report on Form 10-K for the year ended December 31, 2021 (the “Form 10-K”), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. The Company filed a Notification of Late Filing on Form 12b-25 on March 16, 2022, indicating that the filing of the Form 10-K would be delayed due to a number of factors, namely, an ongoing review of accounting issues in response to a Securities and Exchange Commission (the “SEC”) comment letter, the integration of a business acquisition, an ongoing assessment of the effectiveness of the Company’s internal control over financial reporting and increased absenteeism due to COVID 19-related illnesses and quarantines. The notification letter stated that, under Nasdaq rules, the Company has 60 calendar days, or until May 31, 2022, to submit a plan to regain compliance with Nasdaq’s continued listing requirements. If the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days, or until September 27, 2022 to regain compliance. The Company can also regain compliance with Nasdaq’s continued listing requirements at any time before May 31, 2022, by filing the Form 10-K with the SEC, as well as any subsequent periodic financial reports that may become due, and continuing to comply with Nasdaq’s other continued listing requirements. The Company intends to file with the SEC the Form 10-K and regain compliance with Nasdaq’s continued listing requirements as soon as practicable.공고 • Jan 05HF Foods Group Inc. (NasdaqCM:HFFG) acquired Business operations of Great Wall Group from Great Wall Seafood Supply, Inc., Great Wall Restaurant Supplier, Inc. and First Mart Inc.HF Foods Group Inc. (NasdaqCM:HFFG) acquired Business operations of Great Wall Group from Great Wall Seafood Supply, Inc., Great Wall Restaurant Supplier, Inc. and First Mart Inc on December 30, 2021. The consideration consisted of cash and stock. Mr. Bo Wong and the rest of the Great Wall Group employees will join HF Group family. HF Foods Group Inc. (NasdaqCM:HFFG) completed the acquisition of Business operations of Great Wall Group from Great Wall Seafood Supply, Inc., Great Wall Restaurant Supplier, Inc. and First Mart Inc on December 30, 2021.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to €8.35, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 19x in the Consumer Retailing industry in Europe. Total returns to shareholders of 34% over the past year.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to €8.35, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 19x in the Consumer Retailing industry in Europe. Total returns to shareholders of 34% over the past year.Board Change • Jan 02High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Felix Lin Lin is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS US$0.15 (vs US$0.012 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$215.5m (up 54% from 3Q 2020). Net income: US$7.85m (up US$8.48m from 3Q 2020). Profit margin: 3.6% (up from net loss in 3Q 2020).Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS US$0.069 (vs US$0.078 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$193.5m (up 85% from 2Q 2020). Net income: US$3.60m (up US$7.66m from 2Q 2020). Profit margin: 1.9% (up from net loss in 2Q 2020).공고 • Jun 02HF Foods Group Inc. (NasdaqCM:HFFG) acquired remaining 33% stake in Kirnland Food Distribution, Inc. from Ki Tai Yeung for $5 million.HF Foods Group Inc. (NasdaqCM:HFFG) acquired remaining 33% stake in Kirnland Food Distribution, Inc. from Ki Tai Yeung for $5 million on May 28, 2021. As part of the transaction, HF Foods Group acquire 1,000 shares for $5 million cash consideration . HF Foods Group Inc. (NasdaqCM:HFFG) completed the acquisition of remaining 33% stake in Kirnland Food Distribution, Inc. from Ki Tai Yeung on May 28, 2021.Reported Earnings • May 12First quarter 2021 earnings released: EPS US$0.029 (vs US$6.52 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$159.4m (down 9.3% from 1Q 2020). Net income: US$1.52m (up US$341.4m from 1Q 2020). Profit margin: 1.0% (up from net loss in 1Q 2020).Reported Earnings • Mar 18Full year 2020 earnings released: US$6.58 loss per share (vs US$0.20 profit in FY 2019)The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$566.8m (up 46% from FY 2019). Net loss: US$343.0m (down US$348.4m from profit in FY 2019).이익 및 매출 성장 예측DB:3GX - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20271,307113249212/31/20261,2702103333/31/20261,242-36134N/A12/31/20251,228-39525N/A9/30/20251,226-451023N/A6/30/20251,217-481831N/A3/31/20251,204-49518N/A12/31/20241,202-491023N/A9/30/20241,177-2-28-18N/A6/30/20241,1604-17-8N/A3/31/20241,1503-8-3N/A12/31/20231,148-2-5-2N/A9/30/20231,160-84145N/A6/30/20231,179-142326N/A3/31/20231,186-92934N/A12/31/20221,17002935N/A9/30/20221,10714713N/A6/30/20221,022251117N/A3/31/2022916241217N/A12/31/2021797221518N/A9/30/2021715131113N/A6/30/202163952627N/A3/31/2021550-23738N/A12/31/2020567-3444546N/A9/30/2020583-3434949N/A6/30/2020519-3413535N/A3/31/2020489-3361721N/A12/31/20193885N/A5N/A9/30/20192996N/A4N/A6/30/20192947N/A8N/A3/31/20192917N/A11N/A12/31/20182916N/A12N/A9/30/20182877N/A15N/A6/30/20182927N/A17N/A3/31/20182989N/A20N/A12/31/201729610N/A15N/A12/31/20162805N/A5N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 3GX 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.9%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 3GX (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 3GX 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 3GX 의 수익(연간 2.9%)이 German 시장(연간 6.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 3GX 의 수익(연간 2.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 3GX의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-retailing 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/22 08:10종가2026/07/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스HF Foods Group Inc.는 3명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Aaron GreyAlliance Global PartnersWilliam KirkRoth Capital PartnersDaniel HarrimanSidoti & Company, LLC
Board Change • Jul 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Dennis Lam is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공고 • Jun 29+ 10 more updatesHF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 3000 IndexHF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 3000 Index
공고 • Jun 22Hf Foods Group Inc. Announces Appointment of Taylor S. Brown to Board of Directors, Effective June 19, 2026HF Foods Group Inc. announced the appointment of Taylor S. Brown, Esq. to its Board of Directors, effective June 19, 2026. The Board, acting upon the recommendation of the Nominating and Corporate Governance Committee, increased the size of the Board from four to five directors and appointed Mr. Brown as an independent director to fill the resulting vacancy. The Board has determined that Mr. Brown qualifies as an independent director under applicable Nasdaq listing standards. At this time, Mr. Brown has not been appointed to serve on any Board committees. Mr. Brown, 37, is an attorney, business advisor and strategic communications executive with more than 12 years of experience advising companies, executives and growth-stage boards on acquisitions, commercial disputes, regulatory exposure, and stakeholder strategy. From May 2020 to January 2024, Mr. Brown served as Campaign Manager and Senior Strategic Advisor for statewide executive campaign organizations, where he managed operational accountability for a budget exceeding $100 million and built and mobilized a 21-region field organization with more than 1,000 paid staffers. Mr. Brown’s experience includes, among other things, advising companies on acquisitions, restructurings, capital rounds, resource allocation and post-transaction risk considerations. He also has experience developing legal and stakeholder communications strategy in high-scrutiny environments involving legal, reputational, operational and executive priorities. Mr. Brown received his Juris Doctor from Mercer University, Walter F. George School of Law, and his Bachelor of Arts in Political Science from the University of Georgia.
공고 • Jun 12HF Foods Group Inc. Approves Board Resignations, Effective June 5, 2026HF Foods Group Inc. at its annual meeting of stockholders held on June 5, 2026, announced based on the results, each director nominee named was elected at the Annual Meeting, except for Xi "Felix" Lin and Jeffery Taylor. Following a review by the Nominating and Governance Committee (the “Committee”) pursuant to the Company's Corporate Governance Guidelines, the Committee and the Board of Directors (the “Board”) determined that it is in the best interests of the Company and its stockholders for each of Messrs. Lin and Taylor to continue serving on the Board. In reaching its determination, the Committee considered, among other factors, that a significant stockholder informed the Company following the Annual Meeting that an administrative error caused it to fail to submit voting instructions for approximately 1.4 million shares it intended to vote in favor of the election of each of the Company’s nominees for director. Absent this error, each of Messrs. Lin and Taylor would have received affirmative votes exceeding the majority threshold. The Committee also considered (i) Mr. Lin's operational background, his experience in various leadership positions within the Company, including his continuing role as President and Chief Executive Officer of the Company, and his prior roles at other public companies, (ii) Mr. Taylor's experience in financial roles across various markets and as the Chief Financial Officer of several public companies, (iii) the votes of certain stockholders with interests the Company believes to be adverse to those of the Company and its other stockholders, (iv) the overall composition of the Board, and (v) the near-term goals of the Company and the anticipated value of the continuing service of Messrs. Lin and Taylor in achieving those goals. Each of Messrs. Lin and Taylor recused himself from, and did not attend, the portions of the meetings of the Board and the Committee, as applicable, at which the Board and the Committee considered his resignation.
Board Change • May 20High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Director Dennis Lam is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
공고 • Apr 28HF Foods Group Inc. to Report Q1, 2026 Results on May 11, 2026HF Foods Group Inc. announced that they will report Q1, 2026 results After-Market on May 11, 2026
공고 • Apr 27HF Foods Group Inc., Annual General Meeting, Jun 05, 2026HF Foods Group Inc., Annual General Meeting, Jun 05, 2026.
공고 • Mar 17HF Foods Group Inc. Reports Goodwill Impairment Charges for the Fourth Quarter Ended December 31, 2025HF Foods Group Inc. reported Goodwill Impairment charges for the fourth quarter ended December 31, 2025. For the period, the company reported goodwill impairment charges of $38,815,000 compared to $46,303,000 same quarter a year ago.
공고 • Mar 03HF Foods Group Inc. to Report Q4, 2025 Results on Mar 16, 2026HF Foods Group Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 16, 2026
공고 • Feb 03+ 1 more updateHF Foods Group Inc. Appoints Paul McGarry as Chief Financial Officer (Principal Financial and Accounting Officer), Effective January 27, 2026As previously reported on HF Foods Group Inc.'s Current Report on Form 8-K filed with the Securities and Exchange Commission (the SEC) on October 16, 2025 (the Prior Form 8-K), the Board of Directors of the Company appointed Paul McGarry as Interim Chief Financial Officer (principal financial and accounting officer) of the Company, effective October 15, 2025. On January 27, 2026, Mr. McGarry was appointed Chief Financial Officer (principal financial and accounting officer) of the Company, effective January 27, 2026.
공고 • Jan 21HF Foods Group Inc. Announces Resignation of Maria Ross as Lead Independent Director, Effective January 16, 2025On January 15, 2026, Maria Ross notified HF Foods Group Inc. (the “Company”) of her resignation from the board of directors (the “Board”) of the Company, all committees thereof, and as Lead Independent Director, effective January 16, 2025. Ms. Ross’s resignation from the Board was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
공고 • Oct 28HF Foods Group Inc. to Report Q3, 2025 Results on Nov 10, 2025HF Foods Group Inc. announced that they will report Q3, 2025 results After-Market on Nov 10, 2025
공고 • Oct 17+ 2 more updatesHF Foods Group Inc. Announces CFO Changes, Effective October 15, 2025On October 13, 2025, the Board of Directors (the "Board") of HF Foods Group Inc. appointed Paul McGarry as Interim Chief Financial Officer of the Company, effective October 15, 2025. Mr. McGarry has served as the Company's Vice President, Corporate Controller since February 2025. Effective October 15, 2025, Cindy Yao, separated from the Company as the Chief Financial Officer of the Company. Ms. Yao's separation will be treated as a termination without cause for purposes of her offer letter with the Company. Ms. Yao's termination is not the result of any disagreements concerning financial disclosures or accounting matters. Mr. McGarry, 58, is a senior finance executive with deep experience in public-company corporate governance, enterprise finance, capital markets, and operational transformation. Prior to joining the Company, Mr. McGarry served as Corporate Financial Controller at American Battery Technology Company (July 2024–February 2025), where he oversaw financial operations and strengthened the internal-control environment. From 2023 to 2024, he served as a financial executive consultant to Alimera Sciences Inc., providing forecasting, financial reporting, and internal-control advisory services. Earlier, Mr. McGarry was Senior Vice President, Finance and Chief Accounting Officer at Rockwell Medical Inc. (2019–2023); Corporate Financial Controller at Alyvant Inc. (2018–2019); and Corporate Financial Controller at Champions Oncology Inc. (2011–2018). He began his career at Deloitte & Touche LLP, where he served as an Audit Manager in Assurance and Advisory Services. Mr. McGarry received his B.S. in Accounting from The Pennsylvania State University and is a Certified Public Accountant.
공고 • Sep 26HF Foods Group Inc. has filed a Follow-on Equity Offering in the amount of $100 million.HF Foods Group Inc. has filed a Follow-on Equity Offering in the amount of $100 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
공고 • Jul 29HF Foods Group Inc. to Report Q2, 2025 Results on Aug 11, 2025HF Foods Group Inc. announced that they will report Q2, 2025 results After-Market on Aug 11, 2025
공고 • Jun 06HF Foods Group Inc. Announces Board and Committee ChangesOn June 1, 2025 and June 2, 2025, respectively, Lisa Lim and Charlotte Westfall notified the Company of their resignations from the board of directors (Board) of HF Foods Group Inc. (Company) and all committees thereof, each effective June 2, 2025. Neither Ms. Lim’s nor Ms. Westfall’s resignation from the Board was the result of any disagreement with the Company on any matter relating to the company’s operations, policies or practices. As a result of the resignations, Ms. Lim and Ms. Westfall did not stand for re-election as members of the Board at the Company’s Annual Meeting of Stockholders held on June 3, 2025. Effective June 4, 2025, the Board appointed Dennis Lam as a member of the Board to fill one of the two vacancies resulting from the resignations referred to above. Dennis Lam, age 41, is a certified public accountant and the owner of Lam Advisory, LLC, a business consulting service. Mr. Lam is a former audit partner with the national accounting firm BDO USA, P.C. (“BDO”). He has over 20 years of experience in providing audit and advisory services to global and domestic public and private companies, ranging from startups to companies with over $1 billion in revenues. During his tenure with BDO, Mr. Lam served as the lead audit partner for numerous companies in the retail and consumer products, manufacturing, distribution, and foodservice industries. His accounting and finance experience includes expertise in various types of transactions such as debt and equity issuances, public offerings, and mergers and acquisitions. Mr. Lam is currently a member of the Board of Governors of the Boys and Girls Clubs of Santa Monica. Mr. Lam received his Bachelor of Arts in Economics from the University of California, Los Angeles. The Board has determined that Mr. Lam is an independent director under applicable Company and Nasdaq standards and has been named to serve as the Chair of the Audit Committee of the Board and as a member of the Compensation Committee and the Nominating and Governance Committee of the Board. The Board has commenced a search process for a new independent director to fill the remaining vacancy on the Board resulting from the two resignations referred to above. On June 4, 2025, the Board appointed Maria Ross to serve as the Lead Independent Director of the Board, effective immediately.
공고 • May 06+ 1 more updateHf Foods Group Inc. Rebrands and Launches Innovative E-Commerce Platform Dedicated to International Foodservice Solutions in the U.SHF Foods Group Inc. announced the launch of a new e-commerce platform - a unique offering within the specialty foodservice industry to directly serve restaurant employees alongside HF Foods' existing restaurant deliveries. Paired with the launch, HF Foods also debuted a new company logo and tagline that will update on the Company's website and other applications in the coming weeks. HF Foods will roll out access to this new, innovative platform to selective customers over the coming months. It will enable restaurant employees and owners to directly purchase HF Foods' authentic, high-quality specialty products using the same delivery infrastructure already serving their restaurants. This model leverages HF Foods' established global network of suppliers and robust distribution infrastructure to offer a cost-efficient, value-added channel in a seamless digital experience. In addition, HF Foods' new refreshed logo features a green and gold design, reflecting the Company's innovative direction and high-quality product offerings. The infinity symbol embedded in the logo also underscores HF Foods' renewed focus on technology and logistics - core strengths that enable it to serve a growing customer base with greater efficiency and scale. Its tagline, "Specialty Food is Our Specialty," signals the Company's plans to expand into additional international restaurant verticals. HF Foods will initially launch the e-commerce platform at its North Carolina, Florida and Utah locations, making it available to thousands of existing customers. The platform utilizes the same fulfilment capabilities already offered to the Company's growing portfolio of customers, allowing for better market penetration without incurring additional logistics costs.
공고 • Apr 28HF Foods Group Inc., Annual General Meeting, Jun 03, 2025HF Foods Group Inc., Annual General Meeting, Jun 03, 2025.
공고 • Mar 14HF Foods Group Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2024HF Foods Group Inc. reported impairment charges for the fourth quarter ended December 31, 2024. For the quarter, the company reported Goodwill impairment charges of $46,303,000.
공고 • Dec 20HF Foods Group Inc. Appoints Felix Lin as Chief Executive Officer, Effective January 1, 2025HF Foods Group Inc. announced that its Board of Directors has appointed Felix Lin as permanent Chief Executive Officer, effective January 1, 2025. Mr. Lin had previously served as President and Chief Operating Officer (COO) and was appointed to the additional role of Interim CEO in October 2024. Mr. Lin has been a key leader of HF Foods for the past five years, and his extensive experience in driving both operations and strategy has been integral as the Company executes its transformation plan. In accepting his new role, Mr. Lin will relinquish his position as HF Foods COO. His responsibilities will be seamlessly distributed among the Company's experienced senior management team, ensuring continued operational excellence as Mr. Lin assumes his new role as CEO. Mr. Lin will also be nominated to join HF Foods Board of Directors during its next election cycle in June 2025.
Reported Earnings • Nov 13Third quarter 2024 earnings released: US$0.075 loss per share (vs US$0.035 profit in 3Q 2023)Third quarter 2024 results: US$0.075 loss per share (down from US$0.035 profit in 3Q 2023). Revenue: US$298.4m (up 6.0% from 3Q 2023). Net loss: US$3.94m (down 309% from profit in 3Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
공고 • Oct 28HF Foods Group Inc. Announces Chief Executive Officer ChangesHF Foods Group Inc. announced the appointment of Felix Lin as Interim Chief Executive Officer (CEO). Mr. Lin assumes the role of CEO, in addition to his current roles of President and Chief Operating Officer (COO). Mr. Lin replaces HF Foods’ previous CEO, Peter Zhang. The leadership transition is not due to any disagreement with Mr. Zhang regarding the Company’s financial reporting, policies or practices. Mr. Zhang remains on the Board of Directors. With extensive experience in operational management and financial strategy, Mr. Lin has been a pivotal leader at HF Foods for the past five years, contributing significantly through his roles on both the management team and the Board of Directors. In addition to his current roles of President and COO, he was previously a member of the Board of Directors and has served as Interim Chief Financial Officer. His contributions have been key in executing the Company’s transformation plan. Prior to HF Foods, Mr. Lin served as Vice President for Blue Bird Corporation, a leading school bus manufacturer in North America, where he oversaw human resources, corporate and operations training, government relations, compliance and strategy. Earlier in his career, Mr. Lin held leadership roles in Finance, Manufacturing Operations, Supply Chain and worked as a key member of the China and Middle East business development team for Blue Bird Corporation under Cerberus Capital Management, LLP. He served as an Independent Board Member for HF Foods from November 2019 to April 2022, where he served as Chairman of the Audit Committee and the Special Investigation Committee.
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €3.28, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total loss to shareholders of 36% over the past three years.
Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: US$0 (vs US$0.016 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0 (improved from US$0.016 loss in 2Q 2023). Revenue: US$302.3m (up 3.4% from 2Q 2023). Net income: US$17.0k (up US$867.0k from 2Q 2023). Profit margin: 0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €2.80, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 15x in the Consumer Retailing industry in Europe. Total loss to shareholders of 37% over the past three years.
공고 • Aug 01HF Foods Group Inc. to Report Q2, 2024 Results on Aug 06, 2024HF Foods Group Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024
Board Change • Aug 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Director Peter Zhang Zhang is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improves as stock rises 32%After last week's 32% share price gain to €3.04, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 15x in the Consumer Retailing industry in Europe. Total loss to shareholders of 32% over the past three years.
공고 • Jul 06HF Foods Group Inc. Announces Board ChangesHF Foods Group Inc. announced the appointment of Dr. Yujie Wang to the Company’s board of directors effective immediately. Simultaneously with the appointment of Dr. Wang, Prudence Kuai has departed from her position as a director of the Company. As a result of the appointment of Dr. Wang, the Company’s board of directors continues to be comprised of four independent directors and Mr. Peter Zhang, the CEO of the Company. Dr. Wang is a veteran of the food production industry with more than 25 years of experience in product development, sales, and general management, with specialization in key account management, technical expertise in product development and support for quick service restaurants, and personnel and organizational development. Dr. Wang holds a PhD in Food Engineering from Kansas State University.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €2.60, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 15x in the Consumer Retailing industry in Europe. Total loss to shareholders of 40% over the past three years.
Board Change • Jul 02High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Director Peter Zhang Zhang is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
공고 • Jun 28HF Foods Group Inc. Announces Board ChangesHF Foods Group Inc. announced the appointment of Maria Ross to the Company’s board of directors effective immediately. Simultaneously with the appointment of Ms. Ross, Dr. Hong Wang has departed from his position as a director of the Company. As a result of the appointment of Ms. Ross, the Company’s board of directors continues to be comprised of four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Ross is a supply chain executive with over 30 years of experience, focused on team development, strategic planning and operational execution in manufacturing, grocery and retail. Prior to her appointment as a member of the Company’s board of directors, Ms. Ross held positions with Nike, The Fresh Market, BJ’s Wholesale Club, Oldcastle Inc. and The Home Depot wherein she focused on supply chain and logistics matters.
공고 • Jun 13HF Foods Group Inc. Announces Board AppointmentsHF Foods Group Inc. announced the appointment of Lisa Lim and Charlotte Westfall to the Company’s board of directors effective June 7, 2024. As a result of the appointments of Ms. Lim and Ms. Westfall, the Company’s board of directors will now include four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Lim, a retired partner with the global professional services organization, Ernst & Young (“EY”), is a seasoned global business leader, SEC-qualified financial expert and CPA with 39 years of experience advising Fortune 100 and growth companies on strategic business development, digital transformations, acquisitions & divestitures, supply chain, tax planning and IPO readiness. During her tenure at EY, Ms. Lim also provided exceptional global relationship management to her clients by collaborating, building relationships and leading global teams. Ms. Westfall is a corporate partner based in the San Francisco office of a US global law firm. As a corporate and securities attorney, Ms. Westfall counsels public companies on corporate governance, securities compliance and mergers and acquisitions. In addition, Ms. Westfall advises clients on US-China cross-border business transactions, as well as market entry strategy, corporate development and branding for Chinese companies seeking investment opportunities in the US, and US companies seeking access to the Chinese market.
공고 • May 03HF Foods Group Inc. to Report Q1, 2024 Results on May 08, 2024HF Foods Group Inc. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024
공고 • Apr 26+ 1 more updateHF Foods Group Inc., Annual General Meeting, Jun 03, 2024HF Foods Group Inc., Annual General Meeting, Jun 03, 2024, at 12:00 US Eastern Standard Time. Agenda: To elect five members of the Board of Directors to serve until the 2025 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified, or until their respective deaths, resignations or removals; to ratify the selection of BDO USA, P.C. as the Company's independent registered public accounting firm for the year ending December 31 2024; to consider a non-binding advisory vote on compensation of our named executive officers; To approve an amendment to the HF Foods Group Inc. 2018 Omnibus Equity Incentive Plan; and to transact such other business as may properly come before the meeting or any continuation, adjournment or postponement thereof.
공고 • Apr 13HF Foods Group Inc. Announces Departure of Carlos Rodriguez, Chief Financial OfficerHF Foods Group Inc. announced that effective April 8, 2024, Carlos Rodriguez has departed the Company and will no longer serve as the Chief Financial Officer of the Company. Mr. Rodriguez’s departure from the Company was not the result of any disagreement with the Company on any matter related to the Company’s operations, policies or practices. As previously reported, Xi Lin (aka Felix Lin), the Company’s President and Chief Operating Officer, has served as the Company’s interim Chief Financial Officer since February 9, 2024. The Company has commenced a search for a permanent Chief Financial Officer. Mr. Lin will continue to serve in the role of interim Chief Financial Officer until the Company appoints a permanent Chief Financial Officer.
공고 • Mar 15HF Foods Group Inc. announced delayed annual 10-K filingOn 03/14/2024, HF Foods Group Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Reported Earnings • Mar 15Full year 2023 earnings released: US$0.04 loss per share (vs US$0.009 profit in FY 2022)Full year 2023 results: US$0.04 loss per share (down from US$0.009 profit in FY 2022). Revenue: US$1.15b (down 1.9% from FY 2022). Net loss: US$2.17m (down US$2.63m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
공고 • Mar 08HF Foods Group Inc. to Report Q4, 2023 Results on Mar 14, 2024HF Foods Group Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 14, 2024
공고 • Feb 10HF Foods Group Inc. Appoints Felix Lin as President of the CompanyHF Foods Group Inc. announced the appointment of Mr. Xi Lin (aka Felix Lin) as President of the Company, in addition to his current role as the Company’s Chief Operating Officer, effective February 12, 2024. Mr. Lin has served as the Company’s Chief Operating Officer since May 1, 2022. He also previously served as an Independent Board Member for the Company from November 2019 to April 2022. Mr. Lin’s experience includes serving as Vice President and a Senior Strategy Officer for Blue Bird Corporation (the leading school bus manufacturer in North America), overseeing Human Resources, Corporate and Operations Training, Government Relations, Compliance, and Strategy. During his time at Blue Bird Corporation, Mr. Lin also held leadership positions in Manufacturing Operations, Supply Chain, Finance, and Accounting. Earlier in his career, Mr. Lin worked as a key member of the China and Middle East business development team for Blue Bird Corporation under Cerberus Capital Management, LLP.
New Risk • Nov 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.3% increase in shares outstanding).
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.035 (vs US$0.072 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.035 (up from US$0.072 loss in 3Q 2022). Revenue: US$281.5m (down 6.4% from 3Q 2022). Net income: US$1.88m (up US$5.75m from 3Q 2022). Profit margin: 0.7% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
공고 • Nov 04HF Foods Group Inc. to Report Q3, 2023 Results on Nov 09, 2023HF Foods Group Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023
Recent Insider Transactions • Sep 11CEO & Director recently bought €106k worth of stockOn the 7th of September, Xiao Mou Zhang bought around 25k shares on-market at roughly €4.23 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €245k. Xiao Mou has been a buyer over the last 12 months, purchasing a net total of €552k worth in shares.
Recent Insider Transactions • Aug 30CEO & Director recently bought €245k worth of stockOn the 28th of August, Xiao Mou Zhang bought around 55k shares on-market at roughly €4.46 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Xiao Mou has been a buyer over the last 12 months, purchasing a net total of €446k worth in shares.
Recent Insider Transactions • Aug 20CEO & Director recently bought €201k worth of stockOn the 17th of August, Xiao Mou Zhang bought around 45k shares on-market at roughly €4.46 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Xiao Mou's only on-market trade for the last 12 months.
Reported Earnings • Aug 10Second quarter 2023 earnings released: US$0.016 loss per share (vs US$0.085 profit in 2Q 2022)Second quarter 2023 results: US$0.016 loss per share (down from US$0.085 profit in 2Q 2022). Revenue: US$292.3m (down 2.4% from 2Q 2022). Net loss: US$850.0k (down 119% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (4.2% increase in shares outstanding).
공고 • Jun 25+ 1 more updateHF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 2000 Value-Defensive IndexHF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 2000 Value-Defensive Index
공고 • May 16Irrevocable Trust Withdraws its Slate of Nominees to the Board of HF Foods Group IncOn May-15-2023, Irrevocable Trust for Raymond Ni announced that on May 12, 2023, it determined to withdraw its slate of nominees for election to the Board of HF Foods Group Inc at the annual meeting and it will not be soliciting any proxies in connection with the election of directors at the annual meeting. Irrevocable Trust expressed that notwithstanding its withdrawal of director nominees, it intends to monitor the situation at the Company closely and are concerned that the current Board is prioritizing self-preservation over the best interests of stockholders. The Board’s rejection of the Irrevocable Trust’ nominations, without identifying any specific deficiencies in the nomination notice, has only strengthened Irrevocable Trust’ concerns regarding the direction of the Company under its current leadership. As such, Irrevocable Trust will not hesitate to take any actions that they believe are necessary to protect the best interests of stockholders.
Reported Earnings • May 11First quarter 2023 earnings released: US$0.11 loss per share (vs US$0.058 profit in 1Q 2022)First quarter 2023 results: US$0.11 loss per share (down from US$0.058 profit in 1Q 2022). Revenue: US$293.9m (up 5.6% from 1Q 2022). Net loss: US$5.93m (down 291% from profit in 1Q 2022).
공고 • May 06Irrevocable Trust for Raymond Ni Issues a Statement with HF Foods Group IncOn May 5, 2023, Irrevocable Trust for Raymond Ni announced that it wishes to nominate other candidates to the HF Foods Group Inc’s board of directors, which it believes are qualified and are more suited than the current directors, all in order to improve the Company’s performance and thinking solely of the best interests of the Company’s stakeholders and to the benefit of the investments of all shareholders.
Buying Opportunity • May 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 36%. The fair value is estimated to be €4.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 102%.
Buying Opportunity • Mar 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 5.0%. The fair value is estimated to be €4.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 102%.
Reported Earnings • Mar 17Full year 2022 earnings released: EPS: US$0.009 (vs US$0.43 in FY 2021)Full year 2022 results: EPS: US$0.009 (down from US$0.43 in FY 2021). Revenue: US$1.17b (up 47% from FY 2021). Net income: US$460.0k (down 98% from FY 2021). Profit margin: 0% (down from 2.8% in FY 2021). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €4.16, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 14x in the Consumer Retailing industry in Europe. Total loss to shareholders of 25% over the past year.
공고 • Jan 23HF Foods Group Receives Written Notice from Nasdaq Regarding Not in Compliance Due to Failure to Hold an Annual Meeting of ShareholdersOn January 17, 2023, HF Foods Group Inc. received written notice (the ‘Notice’) from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (‘Nasdaq’) stating that Nasdaq had determined that the Company was not in compliance with Nasdaq Listing Rule 5260(a) due to the Company’s failure to hold an annual meeting of shareholders (an ‘Annual Meeting’) within the twelve months following the end of the Company’s fiscal year ended December 31, 2021. The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. Pursuant to the Notice, the Company has seven calendar days (until January 24) to submit a plan to regain compliance with Nasdaq Listing Rule 5260(a). The Company intends to present its views to the staff of Nasdaq with respect to the fact that an Annual Meeting was not held in 2022, and to request that the Panel grant an exception in order for the Company to hold an Annual Meeting at a later date. Under applicable Nasdaq Listing Rule 5815, the Panel has the discretion to grant an exception of up to 360 days following January 1, 2023, in order for the Company to hold an Annual Meeting. As previously disclosed, in addition to the foregoing the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the three months ended September 30, 2022, its Quarterly Report on Form 10-Q for the three months ended June 30, 2022, its Quarterly Report on Form 10-Q for the three months ended March 31, 2022, and its Annual Report on Form 10-K for the year ended December 31, 2021 (collectively, the ‘Delinquent Reports’). The Company intends to submit a plan of compliance as requested pursuant to the Notice and to schedule its Annual Meeting as soon as is practicable following the filing of the Delinquent Reports.
공고 • Jan 20HF Foods Group Inc. Appoints Ms. Prudence C. Kuai as Member of the BoardHF Foods Group Inc. (Company), upon the recommendation of the Nominations and Governance Committee of the Board, appointed Ms. Prudence C. Kuai as a member of the Board effective January 17, 2023. Ms. Kuai is not party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K. Ms. Kuai was not selected as a director pursuant to any arrangement or understanding between her and any other person. The Board has determined that Ms. Kuai is an independent director under applicable Company and Nasdaq standards and has been named to serve on the Company’s Nominations and Governance, Compensation, and Audit Committees. Prudence Kuai, a 25-year veteran of the healthcare industry and a thought leader in applying technological advancements in operational process automation, eCommerce, utilization of artificial intelligence and data analytics. As a result of Ms. Kuai’s appointment, the Company’s board of directors will now include four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Kuai has led the Information Technology function as CIO for many leading healthcare companies. Ms. Kuai has demonstrated her solid and extensive technology and operations experience in supporting business growth via organic and merger/acquisition strategies. Ms. Kuai received a master’s degree in mathematics from the University of Texas, Arlington, and a bachelor’s degree in mathematics from National Taiwan University.
공고 • Nov 18HF Foods Receives Notification Letter of Non-Compliance from the Listing Qualifications Department of The Nasdaq Stock Market LLCOn November 14, 2022, HF Foods Group Inc. (the "Company") received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's delay in filing its Quarterly Report on Form 10-Q for the three months ended September 30, 2022 (the "Q3 2022 Form 10-Q"), and because the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2021 (the "Form 10-K"), its Quarterly Report on Form 10-Q for the three months ended March 31, 2022 (the "Q1 2022 Form 10-Q"), and its Quarterly Report on Form 10-Q for the three months ended June 30, 2022 (the "Q2 2022 Form 10-Q", and, together with the Form 10-K, the First Quarter 2022 Form 10-Q and the Second Quarter 2022 Form 10-Q, the "Delinquent Reports"), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. As previously disclosed, on September 27, 2022, the Company received a Staff Delisting Determination (the "Staff Determination") from the Listing Qualifications Department of Nasdaq relating to the Company's Delinquent Reports. Pursuant to Nasdaq rules, the Company appealed the Staff Determination to Nasdaq, and was granted a hearing date (the "Hearing") before the Nasdaq Hearings Panel (the "Panel") on November 3, 2022. Based on the evidence the Company presented prior to the hearing via written updates to the Panel and at the Hearing, the Panel granted the Company an extended stay of delisting proceedings, to last until January 31, 2023. The Company must provide an update to the Panel on the progress of its independent auditors' review and procedures by December 30, 2022. The Company can regain compliance with Nasdaq's continued listing requirements at any time before January 31, 2023, by filing the Delinquent Reports with the Securities and Exchange Commission ("SEC"), as well as any subsequent periodic financial reports that may become due, and continuing to comply with Nasdaq's other continued listing requirements. The Company intends to file with the SEC the Delinquent Reports and regain compliance with Nasdaq's continued listing requirements as soon as practicable. The Company filed a Notification of Late Filing on Form 12b-25 on November 10, 2022, indicating that the filing of the Third Quarter 2022 Form 10-Q would be delayed due to additional review and procedures of complex technical and accounting issues. The issues relate to the previously disclosed independent investigation by the Special Investigation Committee of the Company's Board of Directors and the previously disclosed concurrent, non-public SEC investigation.
공고 • Nov 11HF Foods Group Inc. announced delayed 10-Q filingOn 11/10/2022, HF Foods Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Board Change • Nov 10High number of new directorsIndependent Director Valerie Chase was the last director to join the board, commencing their role in 2021.
공고 • Nov 05HF Foods Group Inc. Announces Resignation of Jose Maroto from the Board of DirectorsOn October 31, 2022, Jose Maroto informed the Board of Directors (the “Board”) of HF Foods Group Inc., a Delaware corporation (the “Company”), of his intention to resign as a director of the Company effective November 1, 2022. Mr. Maroto’s resignation was not due to any disagreement with the Board, the Company or management on any matter relating to the Company's operation, policies (including accounting or financial policies) or practices.
공고 • Oct 05HF Foods Receives Staff Delisting Determination from the Listing Qualifications Department of NasdaqOn September 28, 2022, HF Foods Group Inc. received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic reports with the Securities and Exchange Commission (the “SEC”). As previously disclosed, the Company was unable to timely file its Annual Report on Form 10-K for the year ended December 31, 2021 and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022. The Staff Determination will not immediately result in the suspension of trading or delisting of the Company’s common stock, and the Nasdaq Listing Rules provide a procedure for the Company to appeal the Staff Determination and seek a stay pending the appeal as described below. The Company is appealing the Staff Determination by requesting a hearing before the Nasdaq Hearings Panel (the “Hearings Panel”) to present its plan to regain compliance with the applicable listing requirements. In connection with its request for a hearing, the Company also is requesting that the suspension and delisting of its common stock be stayed pending the hearing and decision of the Hearings Panel. Under the Nasdaq Listing Rules, the Hearings Panel will have 15 days to decide on the request for a further stay pending the hearing. According to the Staff Determination, hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request. As previously disclosed, the filing of the delinquent reports has been delayed as a result of an ongoing review of accounting issues relating to the Company’s business combination with B&R Global Holdings Inc. on November 4, 2019 (the “B&R Merger”) in response to an SEC comment letter, in addition to an internal review relating to a previously disclosed SEC investigation (the “SEC Investigation”). After the Company engaged in correspondence and discussions with the Staff of the SEC (the “SEC Staff”) regarding the accounting issues surrounding the B&R Merger, the SEC Staff verbally, and subsequently, on September 12, 2022, by written notice, informed the Company that the SEC Staff had completed their review of the Company’s periodic reports. Based on the SEC Staff’s determinations and the Company’s own legacy positions, the Company determined that it would not need to restate its historical financials based on the accounting issues surrounding the B&R Merger.
공고 • Aug 18HF Foods Group Receives A Notification Letter from the Listing Qualifications Department of the Nasdaq Stock Market LLCOn August 11, 2022, HF Foods Group Inc. (the "Company") received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's delay in filing its Quarterly Report on Form 10-Q for the three months ended June 30, 2022 (the "Q2 2022 Form 10-Q"), and because the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2021 (the "Form 10-K") and its Quarterly Report on Form 10-Q for the three months ended March 31, 2022 (the "Q1 2022 Form 10-Q"), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. As previously disclosed, the Company received a notification letter from the Listing Qualifications Department of Nasdaq on April 1, 2022 (the "Initial Notification Letter") relating to the Company's delay in filing the Form 10-K, and received an additional notification letter from the Listing Qualifications Department of Nasdaq on May 12, 2022 (the "Q1 2022 10-Q Notification Letter") relating to the Company's delay in filing the First Quarter 2022 Form 10-Q. The Initial Notification Letter stated that, under Nasdaq rules, the Company has 60 calendar days, or until May 31, 2022, to submit a plan to regain compliance with Nasdaq's continued listing requirements. If the plan was accepted, Nasdaq may grant an extension of up to 180 calendar days, or until September 27, 2022 to regain compliance. Subsequent to the First Quarter 2022 10-Q Notification Letter, the Company submitted a plan of compliance (the "Plan") to Nasdaq. Nasdaq accepted the Plan and granted the Company an extension of 180 calendar days (until September 27, 2022) to regain compliance with Nasdaq's listing standards. Pursuant to the additional notification letter dated as of August 11, 2022, the Company must submit an update to its original plan to regain compliance with respect to the filing requirement for review by August 26, 2022. The Company can also regain compliance with Nasdaq's continued listing requirements at any time before September 27, 2022, by filing the Form 10-K, the First Quarter 2022 Form 10-Q and the Second Quarter 2022 Form 10-Q with the Securities and Exchange Commission (the "SEC"), as well as any subsequent periodic financial reports that may become due, and continuing to comply with Nasdaq's other continued listing requirements. The Company intends to file with the SEC the Form 10-K, the First Quarter 2022 Form 10-Q and the Second Quarter 2022 Form 10-Q and regain compliance with Nasdaq's continued listing requirements as soon as practicable. The Company filed a Notification of Late Filing on Form 12b-25 on August 10, 2022, indicating that the filing of the Second Quarter 2022 Form 10-Q would be delayed primarily to its ongoing review of the accounting treatment relating to the Company's business combination with B&R Global Holdings Inc. on November 4, 2019 in response to a SEC comment letter.
공고 • Aug 11HF Foods Group Inc. announced delayed 10-Q filingOn 08/10/2022, HF Foods Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공고 • Jul 15+ 1 more updateHF Foods Group Inc. Appoints Carlos A. Rodriguez as Chief Financial Officer, Effective on or Before August 1, 2022HF Foods Group Inc. announced the appointment of Mr. Carlos A. Rodriguez as Chief Financial Officer, effective on or before August 1, 2022. Mr. Rodriguez will report directly to Mr. Peter Zhang, Chief Executive Officer of the Company. Mr. Rodriguez has over 25 years of finance and accounting experience across various industries, including technology, entertainment, restaurants, and life science. Most recently, Mr. Rodriguez served as Chief Accounting Officer and Vice President Corporate Finance for General Life Sciences Inc. In that role, he led the Accounting, Finance, Financial Reporting, Treasury/Cash Management, Strategic and Financial Planning, M&A Due Diligence, and other financial responsibilities. Prior to General Life Sciences, Mr. Rodriguez served as Vice President of Accounting and Corporate Finance for California Pizza Kitchen Inc. Mr. Rodriguez holds a Bachelor’s degree in Accounting and a Master’s of Business Administration degree from the University of Southern California. He is also a Certified Public Accountant in the State of California.
공고 • Jul 08+ 1 more updateHF Foods Group Inc Appoints Jose Maroto to its Board of DirectorsHF Foods Group Inc. has appointed Jose Maroto to the Company’s board of directors effective July 1, 2022. Mr. Maroto is a 29-year veteran in the foodservice industry with experience in foodservice distribution, cash and carry, international market expansion, and other ancillary businesses. Mr. Maroto’s experience spans across Latin America. He started and grew businesses in Costa Rica and Panama which became the foodservice distributors in each country. In addition, he built foodservice cash and carry retail businesses in both Costa Rica and Panama, which currently consist of 22 stores across both countries and is a partner in the independent foodservice distributor in Mexico. Mr. Maroto holds a Bachelor of Science in Business from the University of Minnesota.
공고 • May 19HF Foods Group Receives Notification Letter from the Listing Qualifications Department of The Nasdaq Stock Market LLCOn May 12, 2022, HF Foods Group Inc. received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's delay in filing its Annual Report on Form 10-Q for the three months ended March 31, 2022 (the "Form 10-Q"), and because the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2021 (the "Form 10-K"), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. As previously disclosed on April 7, 2022, the Company received a notification letter from the Listing Qualifications Department of Nasdaq on April 1, 2022 (the "Initial Notification Letter") relating to the Company's delay in filing the Form 10-K. The Initial Notification Letter stated that, under Nasdaq rules, the Company has 60 calendar days, or until May 31, 2022, to submit a plan to regain compliance with Nasdaq's continued listing requirements. If the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days, or until September 27, 2022 to regain compliance. The Company can also regain compliance with Nasdaq's continued listing requirements at any time before May 31, 2022, by filing the Form 10-K with the Securities and Exchange Commission (the "SEC"), as well as any subsequent periodic financial reports that may become due, and continuing to comply with Nasdaq's other continued listing requirements. The Company intends to file with the SEC the Form 10-K and the Form 10-Q and regain compliance with Nasdaq's continued listing requirements as soon as practicable. The Company filed a Notification of Late Filing on Form 12b-25 on May 11, 2022, indicating that the filing of the Form 10-Q would be delayed primarily to its ongoing review of the accounting treatment relating to the Company's business combination with B&R Global Holdings Inc. on November 4, 2019 in response to a SEC comment letter.
공고 • May 12+ 1 more updateHF Foods Group Inc. announced delayed 10-Q filingOn 05/11/2022, HF Foods Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공고 • Apr 26HF Foods Group Inc. (NasdaqCM:HFFG) entered into an agreement to acquire Substantially All of the Assets of Sealand Food, Inc. for $20 million.HF Foods Group Inc. (NasdaqCM:HFFG) entered into an agreement to acquire Substantially All of the Assets of Sealand Food, Inc. for $20 million on April 19, 2022. The transaction is expected to be completed during the second quarter of 2022. Ellenoff Grossman & Schole LLP acted as legal advisor to Sealand and Arnall Golden Gregory, LLP acted as legal advisor to HF Foods.
공고 • Apr 21HF Foods Group, Inc. Appoints Xi Lin as Chief Operating Officer, Effective May 1, 2022HF Foods Group Inc. announced the appointment of Xi Lin (aka Felix Lin) as Chief Operating Officer of the Company, effective May 1, 2022. Lin will report directly to the CEO of the Company. Lin has served as an Independent Board Member for the Company since November 2019, where he served as Chairman of the Audit Committee and the Special Investigation Committee. He will continue to serve on the Board of Directors until another Independent Director is appointed. Lin has had a very successful and diverse career prior to joining HF Foods. Most recently, Felix was Vice President and a Senior Strategy Officer for Blue Bird Corporation.
공고 • Apr 08HF Foods Group Inc. Receives Notification Letter from Listing Qualifications Department of the NasdaqOn April 1, 2022, HF Foods Group Inc. (the “Company”) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Annual Report on Form 10-K for the year ended December 31, 2021 (the “Form 10-K”), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. The Company filed a Notification of Late Filing on Form 12b-25 on March 16, 2022, indicating that the filing of the Form 10-K would be delayed due to a number of factors, namely, an ongoing review of accounting issues in response to a Securities and Exchange Commission (the “SEC”) comment letter, the integration of a business acquisition, an ongoing assessment of the effectiveness of the Company’s internal control over financial reporting and increased absenteeism due to COVID 19-related illnesses and quarantines. The notification letter stated that, under Nasdaq rules, the Company has 60 calendar days, or until May 31, 2022, to submit a plan to regain compliance with Nasdaq’s continued listing requirements. If the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days, or until September 27, 2022 to regain compliance. The Company can also regain compliance with Nasdaq’s continued listing requirements at any time before May 31, 2022, by filing the Form 10-K with the SEC, as well as any subsequent periodic financial reports that may become due, and continuing to comply with Nasdaq’s other continued listing requirements. The Company intends to file with the SEC the Form 10-K and regain compliance with Nasdaq’s continued listing requirements as soon as practicable.
공고 • Jan 05HF Foods Group Inc. (NasdaqCM:HFFG) acquired Business operations of Great Wall Group from Great Wall Seafood Supply, Inc., Great Wall Restaurant Supplier, Inc. and First Mart Inc.HF Foods Group Inc. (NasdaqCM:HFFG) acquired Business operations of Great Wall Group from Great Wall Seafood Supply, Inc., Great Wall Restaurant Supplier, Inc. and First Mart Inc on December 30, 2021. The consideration consisted of cash and stock. Mr. Bo Wong and the rest of the Great Wall Group employees will join HF Group family. HF Foods Group Inc. (NasdaqCM:HFFG) completed the acquisition of Business operations of Great Wall Group from Great Wall Seafood Supply, Inc., Great Wall Restaurant Supplier, Inc. and First Mart Inc on December 30, 2021.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to €8.35, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 19x in the Consumer Retailing industry in Europe. Total returns to shareholders of 34% over the past year.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to €8.35, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 19x in the Consumer Retailing industry in Europe. Total returns to shareholders of 34% over the past year.
Board Change • Jan 02High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Felix Lin Lin is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS US$0.15 (vs US$0.012 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$215.5m (up 54% from 3Q 2020). Net income: US$7.85m (up US$8.48m from 3Q 2020). Profit margin: 3.6% (up from net loss in 3Q 2020).
Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS US$0.069 (vs US$0.078 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$193.5m (up 85% from 2Q 2020). Net income: US$3.60m (up US$7.66m from 2Q 2020). Profit margin: 1.9% (up from net loss in 2Q 2020).
공고 • Jun 02HF Foods Group Inc. (NasdaqCM:HFFG) acquired remaining 33% stake in Kirnland Food Distribution, Inc. from Ki Tai Yeung for $5 million.HF Foods Group Inc. (NasdaqCM:HFFG) acquired remaining 33% stake in Kirnland Food Distribution, Inc. from Ki Tai Yeung for $5 million on May 28, 2021. As part of the transaction, HF Foods Group acquire 1,000 shares for $5 million cash consideration . HF Foods Group Inc. (NasdaqCM:HFFG) completed the acquisition of remaining 33% stake in Kirnland Food Distribution, Inc. from Ki Tai Yeung on May 28, 2021.
Reported Earnings • May 12First quarter 2021 earnings released: EPS US$0.029 (vs US$6.52 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$159.4m (down 9.3% from 1Q 2020). Net income: US$1.52m (up US$341.4m from 1Q 2020). Profit margin: 1.0% (up from net loss in 1Q 2020).
Reported Earnings • Mar 18Full year 2020 earnings released: US$6.58 loss per share (vs US$0.20 profit in FY 2019)The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$566.8m (up 46% from FY 2019). Net loss: US$343.0m (down US$348.4m from profit in FY 2019).