New Risk • 22h
New major risk - Revenue and earnings growth Earnings have declined by 66% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 66% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.1m net loss next year). Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (€82.6m market cap, or US$95.2m). Reported Earnings • Aug 11
Second quarter 2026 earnings released: EPS: US$0.048 (vs US$0.023 in 2Q 2025) Second quarter 2026 results: EPS: US$0.048 (up from US$0.023 in 2Q 2025). Revenue: US$323.8m (up 2.8% from 2Q 2025). Net income: US$2.58m (up 112% from 2Q 2025). Profit margin: 0.8% (up from 0.4% in 2Q 2025). Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings have declined by 71% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 71% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (€72.3m market cap, or US$83.4m). Tillkännagivande • Jul 28
HF Foods Group Inc. to Report Q2, 2026 Results on Aug 10, 2026 HF Foods Group Inc. announced that they will report Q2, 2026 results After-Market on Aug 10, 2026 Board Change • Jul 01
High number of new and inexperienced directors There 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. Tillkännagivande • Jun 24
Hf Foods Group Inc. Announces Appointment of Taylor S. Brown to Board of Directors, Effective June 19, 2026 HF 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. Tillkännagivande • Jun 12
HF Foods Group Inc. Approves Board Resignations, Effective June 5, 2026 HF 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 20
High number of new and inexperienced directors There 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. Tillkännagivande • Apr 28
HF Foods Group Inc. to Report Q1, 2026 Results on May 11, 2026 HF Foods Group Inc. announced that they will report Q1, 2026 results After-Market on May 11, 2026 Tillkännagivande • Apr 27
HF Foods Group Inc., Annual General Meeting, Jun 05, 2026 HF Foods Group Inc., Annual General Meeting, Jun 05, 2026. Tillkännagivande • Mar 17
HF Foods Group Inc. Reports Goodwill Impairment Charges for the Fourth Quarter Ended December 31, 2025 HF 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. Tillkännagivande • Mar 03
HF Foods Group Inc. to Report Q4, 2025 Results on Mar 16, 2026 HF Foods Group Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 16, 2026 Tillkännagivande • Jan 21
HF Foods Group Inc. Announces Resignation of Maria Ross as Lead Independent Director, Effective January 16, 2025 On 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. Tillkännagivande • Oct 28
HF Foods Group Inc. to Report Q3, 2025 Results on Nov 10, 2025 HF Foods Group Inc. announced that they will report Q3, 2025 results After-Market on Nov 10, 2025 Tillkännagivande • Sep 26
HF 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 Tillkännagivande • Jul 29
HF Foods Group Inc. to Report Q2, 2025 Results on Aug 11, 2025 HF Foods Group Inc. announced that they will report Q2, 2025 results After-Market on Aug 11, 2025 Tillkännagivande • Jun 06
HF Foods Group Inc. Announces Board and Committee Changes On 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. Tillkännagivande • Apr 28
HF Foods Group Inc., Annual General Meeting, Jun 03, 2025 HF Foods Group Inc., Annual General Meeting, Jun 03, 2025. Tillkännagivande • Mar 14
HF Foods Group Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2024 HF 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. Tillkännagivande • Dec 20
HF Foods Group Inc. Appoints Felix Lin as Chief Executive Officer, Effective January 1, 2025 HF 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 13
Third 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. Tillkännagivande • Oct 28
HF Foods Group Inc. Announces Chief Executive Officer Changes HF 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 20
Investor 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 07
Second 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 05
Investor 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. Tillkännagivande • Aug 01
HF Foods Group Inc. to Report Q2, 2024 Results on Aug 06, 2024 HF Foods Group Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Board Change • Aug 01
High number of new and inexperienced directors There 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 18
Investor 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. Tillkännagivande • Jul 06
HF Foods Group Inc. Announces Board Changes HF 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 04
Investor 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 02
High number of new and inexperienced directors There 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. Tillkännagivande • Jun 28
HF Foods Group Inc. Announces Board Changes HF 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. Tillkännagivande • Jun 13
HF Foods Group Inc. Announces Board Appointments HF 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. Tillkännagivande • May 03
HF Foods Group Inc. to Report Q1, 2024 Results on May 08, 2024 HF Foods Group Inc. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Tillkännagivande • Apr 13
HF Foods Group Inc. Announces Departure of Carlos Rodriguez, Chief Financial Officer HF 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. Tillkännagivande • Mar 15
HF Foods Group Inc. announced delayed annual 10-K filing On 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 15
Full 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. Tillkännagivande • Mar 08
HF Foods Group Inc. to Report Q4, 2023 Results on Mar 14, 2024 HF Foods Group Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 14, 2024 Tillkännagivande • Feb 10
HF Foods Group Inc. Appoints Felix Lin as President of the Company HF 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 14
New major risk - Share price stability The 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 10
Third 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. Tillkännagivande • Nov 04
HF Foods Group Inc. to Report Q3, 2023 Results on Nov 09, 2023 HF Foods Group Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Recent Insider Transactions • Sep 11
CEO & Director recently bought €106k worth of stock On 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 30
CEO & Director recently bought €245k worth of stock On 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 20
CEO & Director recently bought €201k worth of stock On 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 10
Second 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 11
New minor risk - Share price stability The 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). Tillkännagivande • May 16
Irrevocable Trust Withdraws its Slate of Nominees to the Board of HF Foods Group Inc On 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 11
First 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). Tillkännagivande • May 06
Irrevocable Trust for Raymond Ni Issues a Statement with HF Foods Group Inc On 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 05
Now 21% undervalued after recent price drop Over 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 18
Now 21% undervalued after recent price drop Over 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 17
Full 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 10
Investor 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. Tillkännagivande • Jan 23
HF Foods Group Receives Written Notice from Nasdaq Regarding Not in Compliance Due to Failure to Hold an Annual Meeting of Shareholders On 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. Tillkännagivande • Jan 20
HF Foods Group Inc. Appoints Ms. Prudence C. Kuai as Member of the Board HF 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. Tillkännagivande • Nov 18
HF Foods Receives Notification Letter of Non-Compliance from the Listing Qualifications Department of The Nasdaq Stock Market LLC On 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. Tillkännagivande • Nov 11
HF Foods Group Inc. announced delayed 10-Q filing On 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 10
High number of new directors Independent Director Valerie Chase was the last director to join the board, commencing their role in 2021. Tillkännagivande • Nov 05
HF Foods Group Inc. Announces Resignation of Jose Maroto from the Board of Directors On 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. Tillkännagivande • Oct 05
HF Foods Receives Staff Delisting Determination from the Listing Qualifications Department of Nasdaq On 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. Tillkännagivande • Aug 18
HF Foods Group Receives A Notification Letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC On 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. Tillkännagivande • Aug 11
HF Foods Group Inc. announced delayed 10-Q filing On 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. Tillkännagivande • May 19
HF Foods Group Receives Notification Letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC On 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. Tillkännagivande • Apr 26
HF 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. Tillkännagivande • Apr 21
HF Foods Group, Inc. Appoints Xi Lin as Chief Operating Officer, Effective May 1, 2022 HF 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. Tillkännagivande • Apr 08
HF Foods Group Inc. Receives Notification Letter from Listing Qualifications Department of the Nasdaq On 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. Tillkännagivande • Jan 05
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. 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 05
Investor sentiment improved over the past week After 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 05
Investor sentiment improved over the past week After 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 02
High number of new and inexperienced directors There 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 12
Third 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). 
