olivLaw · US equity research
Huachen AI Parking Management Technology Holding Co., Ltd HCAI
Miscellaneous Manufacturing Industries · SIC 3990 · Vertical: Miscellaneous Manufacturing Industries (SIC 3990)
Huachen AI Parking Management Technology Holding Co., Ltd is a Cayman holding company that has exited its smart parking business and now focuses on equipment structural parts and electric vehicle charging infrastructure. The shift is visible in fiscal 2025 results, when revenue from continuing operations reached about 6.58 million USD and the net loss was about 41.92 million USD.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, Huachen AI Parking Management Technology Holding Co., Ltd (HCAI) stock was 2.86 USD (+8.75% on the day), with market capitalisation 85.8 m USD, P/E 57.2 on diluted EPS of 0.05 USD over the last 12 months, beta -2.59, 52-week range 0.25–110.64 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 54.9
- neutral
- Bollinger (20, 2)
- -0.62 – 5.50
- in the upper half of the band · %B 0.57 · band width 250.7%
- SMA 50 / 200
- 2.11 / 6.45
- mixed trend
- MACD (12, 26, 9)
- 0.29 / 0.32
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +502.1% | −5.9% | +508.1 pp | — |
| 3 months | −37.7% | −4.6% | −33.1 pp | — |
| 6 months | −80.3% | +0.2% | −80.5 pp | — |
| Year to date | −72.7% | +7.4% | −80.1 pp | — |
| 1 year | −99.1% | +8.2% | −107.3 pp | +1.6% |
| 3 years | unavailable | +68.4% | unavailable | +19.3% |
| 5 years | unavailable | +56.5% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 21.0 m | 34.3 m | 40.9 m | 6.6 m |
| Revenue YoY | unavailable | +63.6% | +19.4% | −83.9% |
| Net income | 4.2 m | 1.8 m | 1.5 m | -42.2 m |
| Net income YoY | unavailable | −56.7% | −17.9% | −2,925.1% |
| Diluted EPS | 0.18 | 0.07 | 0.05 | unavailable |
| Diluted EPS YoY | unavailable | −61.1% | −28.6% | unavailable |
| net % | 20.1% | 5.3% | 3.7% | -642.6% |
| Free cash flow | -1.1 m | -3.4 m | 1.5 m | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 389 USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 5.2 m USD
- Total assets
- 12.0 m USD
- Debt / equity
- unavailable
- Current ratio
- 1.76x
- ROE
- -255.7%
- ROA
- -146.1%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 21.0 m | 34.3 m | 40.9 m | 6.6 m | SEC (XBRL)· 13 May 2026verified |
| Cost of revenue | 12.4 m | 28.1 m | 35.2 m | 6.2 m | SEC (XBRL)· 13 May 2026verified |
| Gross profit | 8.6 m | 6.2 m | 5.7 m | 408.9 k | SEC (XBRL)· 13 May 2026verified |
| Research & development | 434.9 k | 457.5 k | 378.8 k | — | SEC (XBRL)· 15 May 2025verified |
| Operating income | 6.4 m | 2.6 m | -78.1 k | -21.2 m | SEC (XBRL)· 13 May 2026verified |
| Interest expense | 922.6 k | 815.7 k | -21 | -196 | SEC (XBRL)· 13 May 2026verified |
| Pre-tax income | 5.5 m | 2.0 m | -78.1 k | -43.3 m | SEC (XBRL)· 13 May 2026verified |
| Income tax | 1.8 k | 1.2 k | 322.4 k | 2.8 k | SEC (XBRL)· 13 May 2026verified |
| Net income | 4.2 m | 1.8 m | 1.5 m | -42.2 m | SEC (XBRL)· 13 May 2026verified |
| Diluted EPS | 0.18 | 0.07 | 0.05 | — | SEC (XBRL)· 15 May 2025verified |
| Weighted average diluted shares | 30.0 m | 1.0 m | 1.0 m | 1.1 m | SEC (XBRL)· 13 May 2026verified |
Balance sheet · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 2.1 m | 499.7 k | 509 | 389 | SEC (XBRL)· 13 May 2026verified |
| Receivables | — | 16.9 m | 19.5 m | 7.1 m | SEC (XBRL)· 13 May 2026verified |
| Inventories | — | 4.4 m | 1.4 m | — | SEC (XBRL)· 15 May 2025verified |
| Current assets | — | 41.2 m | 34.7 m | 12.0 m | SEC (XBRL)· 13 May 2026verified |
| Property, plant & equipment, net | — | 9.8 m | 8.9 m | — | SEC (XBRL)· 15 May 2025verified |
| Intangibles (excl. goodwill) | 18.8 k | 15.3 k | 11.8 k | — | SEC (XBRL)· 15 May 2025verified |
| Total assets | — | 53.6 m | 45.9 m | 12.0 m | SEC (XBRL)· 13 May 2026verified |
| Accounts payable | — | 7.1 m | 2.7 m | — | SEC (XBRL)· 15 May 2025verified |
| Short-term debt | — | — | 3.4 m | — | SEC (XBRL)· 15 May 2025verified |
| Current liabilities | — | 21.4 m | 13.4 m | 6.8 m | SEC (XBRL)· 13 May 2026verified |
| Total liabilities | — | 26.9 m | 18.0 m | 6.8 m | SEC (XBRL)· 13 May 2026verified |
| Equity | 25.6 m | 26.7 m | 27.8 m | 5.2 m | SEC (XBRL)· 13 May 2026verified |
| Shares outstanding at year end | — | — | 30.0 m | — | SEC (XBRL)· 15 May 2025verified |
Cash flow · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | -860.8 k | -2.5 m | 1.5 m | -1.3 m | SEC (XBRL)· 13 May 2026verified |
| Capex | 194.6 k | 902.3 k | 2.2 k | — | SEC (XBRL)· 15 May 2025verified |
| Free cash flow | -1.1 m ≈ | -3.4 m ≈ | 1.5 m ≈ | — | SEC (XBRL)· 15 May 2025derived |
| Investing cash flow | -440.7 k | -916.5 k | -2.2 k | — | SEC (XBRL)· 15 May 2025verified |
| Financing cash flow | 2.9 m | 2.0 m | -2.4 m | 270.8 k | SEC (XBRL)· 13 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 33.3% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 85.8 m USD
Key indicators
Coverage and freshness
Score by group
33% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -642.6% | 0 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -32.0% | 0 (on a fixed band) | 25% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -108,264.4x | 0 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 1.8x | 80 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -1.5% | 0 (on a fixed band) | 25% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet32/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Huachen AI Parking Management Technology Holding Co., Ltd (HCAI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 6.6 m USD in 2025; YoY growth -83.9%; net margin -642.6%; ROE -402.1%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 1.8x
What contradicts it
- Net margin: -642.6%
- Revenue CAGR 3Y: -32.0%
- Interest coverage: -108,264.4x
- FCF yield: -1.5%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Miscellaneous Manufacturing Industries (SIC 3990) · same industry (4-digit SIC) · compared with 9 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AMCRAmcor PLC | 21.2 bn | 19.6 | 9.3% | 4.5% | +56.6% | +8% / −3% |
| DAKTDaktronics, Inc. | 925.3 m | 19.6 | 16.2% | 5.7% | +10.9% | +2% / +84% |
| HCAIHuachen AI Parking Management Technology Holding Co., Ltd | 85.8 m | — | -402.1% | -642.6% | −83.9% | −99% / unavailable |
| MWGMulti Ways Holdings Limited | 44.3 m | — | -2.0% | -1.0% | +44.1% | −51% / −53% |
| VTSIVirTra, Inc. | 30.6 m | — | -6.1% | — | unavailable | −46% / −63% |
| DOGZDogness (International) Corporation | 8.7 m | — | -32.0% | -173.9% | −23.3% | −95% / −81% |
| JCSEJe Cleantech Holdings Limited | 8.1 m | 3.2 | 18.3% | 15.9% | +11.8% | +36% / +66% |
| WFFWF Holding Ltd | 5.7 m | — | -127.3% | -64.4% | +61.9% | −63% / unavailable |
| BRCBrady Corp | — | — | 16.1% | 12.4% | +9.8% | +2% / +42% |
| ODCOil-Dri Corporation of America | — | — | 20.5% | 11.5% | +1.7% | +26% / +142% |
1- and 3-year price returns: for HCAI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 13 May 2026; since then the company filed 6-K (03 Nov 2026), 6-K (28 Oct 2026), 6-K (14 Oct 2026), 6-K (01 Oct 2026), 6-K (30 Sept 2026), 6-K (16 Sept 2026).
In brief
Huachen AI Parking Management Technology Holding Co., Ltd is a Cayman holding company that has exited its smart parking business and now focuses on equipment structural parts and electric vehicle charging infrastructure. The shift is visible in fiscal 2025 results, when revenue from continuing operations reached about 6.58 million USD and the net loss was about 41.92 million USD.
SWOT
Strengths
- The company has a simplified operating structure with operations concentrated in China and a structural parts line serving diversified industrial clients 1.
- Exiting the historical smart parking business reduced exposure to China's real estate sector, and the company has focused on two new directions 1.
- The shift to an asset-light model could reduce the capital needed for in-house production 1.
Weaknesses
- Revenue from continuing operations is small relative to administrative costs, and the fiscal 2025 result was strongly negative because of the loss on disposing subsidiaries 1.
- The financial history is hard to compare, since earlier figures are presented as discontinued operations 1.
- The charging business is still in research and development, and its commercial launch depends on technical milestones that could be delayed 1.
Opportunities
- EV adoption and green infrastructure programs could open demand for charging stations in commercial locations 1.
- Monetizing value-added services through the digital platform could improve long-term margins 1.
- Industrial demand for steel structures could remain a revenue channel if mining and transport clients keep investing 1.
Threats
- Data protection rules and oversight of China-based companies listed abroad could affect the digital services model 1.
- The risk of US trading prohibition is noted in the filing, tied to auditor inspection rules under the HFCA Act 1.
- Competition for commercial locations and property manager contracts could limit the pace of charging growth 1.
Risks
- Large losses and dependence on new operationshigh
The 2025 net loss was strongly influenced by the disposal of subsidiaries, and new revenue is still small, which could extend the period of losses 1.
- Delay in launching charging serviceshigh
Commercial launch of charging services is anticipated in the second half of 2026, and technical delays or a shortage of MCU and software specialists could postpone revenue 1.
- Delisting risk and US regulationhigh
The company describes the HFCA Act framework and the possibility that its shares could be barred from trading if its auditor cannot be inspected, a risk that could affect access to the US market 1.
- Quality control in the agency modelmedium
Dependence on third-party manufacturers could affect quality and supply chain stability, and any weakening of control could influence results 1.
- Data and digital services regulationmedium
Chinese laws on personal data protection and cybersecurity could limit the monetization model based on data and value-added services 1.
Investment thesis
What would need to be true (bull case)
- If EV adoption accelerates and the company rapidly extends charging into commercial locations, new revenue could gradually offset the exit from parking.
- A shift to an asset-light model could improve return on capital if the third-party manufacturing network is managed effectively.
- Industrial clients in the structural parts segment could provide a stable revenue base while new business lines develop.
What would break the thesis
- If the charging service launch is delayed, the company could remain for a long time with small revenue and large losses.
- Dependence on unproven new operations could make comparison with history difficult and could prolong financial uncertainty.
- Risks tied to the auditor and US regulation could limit US investors' access to the shares.
What to watch
- Timing of the commercial launch of charging services and first revenue from this linesecond half of 2026
- Effect of the 1-for-30 reverse split on shares outstanding and the capital structure2026
- Trend in gross margin in the structural parts segment as the agency model takes holdnext 10-K
- Status of PCAOB inspection compliance and any SEC measures affecting trading in the sharesnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 13 May 2026; since then the company filed 6-K (03 Nov 2026), 6-K (28 Oct 2026), 6-K (14 Oct 2026), 6-K (01 Oct 2026), 6-K (30 Sept 2026), 6-K (16 Sept 2026).
The business
The company conducts its operations through subsidiaries in China and, according to its fiscal 2025 annual report, is a provider of equipment structural parts, including product parts, garage parts, customized steel materials for cubic parking equipment and railroad accessories 1. Customers for structural parts are mainly industrial manufacturers, from producers of mining haulers to makers of conveyors and rail tracks. As of December 22, 2025, the company agreed to sell Hua Chen Intelligent Technology Co., Limited and eight Chinese subsidiaries for 50,000 USD, aligning with a strategic exit from the smart parking business 1. The core business remains structural components through Jiaxing XC, while charging for two-wheeled and electric vehicles through Hangzhou ZHC was launched in the second half of 2025 1.
Segments
Equipment structural parts
The segment generated revenue of about 8.45 million USD in fiscal 2025 from the continuing subsidiary and the disposed ones, representing 57% of the total, down from 89% in 2024 1. The continuing Jiaxing XC operation sells equipment structures and metal products, and the company is moving toward an asset-light model based on trade and agency with third-party manufacturers 1.
Cubic parking and EV charging
Cubic parking garage revenue was about 6.30 million USD in fiscal 2025, or 42% of the total, up from the prior year, but this line was largely tied to subsidiaries since disposed 1. For EV charging, the company indicated that commercial launch of its services is anticipated in the second half of 2026 1.
Market context
The market for industrial steel structural parts depends on demand from mining, rail and conveyor sectors, and the company noted that China's parking market was affected by slowing growth in the real estate sector 1. The market for two-wheeled and electric vehicle charging is in an infrastructure development phase, and the pace of electric vehicle adoption and government subsidies for green infrastructure could shape its size 1.
The company indicated that demand for cubic parking and charging infrastructure depends on electric vehicle adoption and on developing partnerships with property managers and commercial developers 1. Competition in installing charging stations could affect revenue growth, especially if hardware deployment in high-traffic locations proceeds more slowly than anticipated 1.
Trends
- Exit from smart parkingmixed
The sale of the parking subsidiaries to an unaffiliated buyer removed a significant revenue source but also produced a large loss on disposal, and historical revenue is now presented as discontinued operations 1.
- Shift to an asset-light modelmixed
Moving from in-house production to trade and agency could reduce capital expenditure and depreciation, but margins will depend on managing the network of third-party manufacturers and the terms of agency agreements 1.
- EV adoption and charging infrastructuretailwind
Growth in two-wheeled and electric vehicle charging is supported by EV adoption and possible subsidies for green infrastructure, though competition for station installations remains a factor 1.
- Slowdown in China's property sectorheadwind
The company linked its parking exit to slowing growth in China's real estate market, a factor that could limit demand for parking equipment 1.
Competitive position
In equipment structural parts the company competes with industrial steel component makers and suppliers working through third-party manufacturing networks, and its advantage depends on quality control and supply chain stability 1. In EV charging, competition comes from operators installing stations in commercial locations, where contracts with property managers are decisive 1.
The analyzed sources do not explicitly identify competitors listed on US exchanges, so the categories below remain descriptive, without confirmed tickers 1.
- Industrial structural steel parts makers
Suppliers of steel components for mining haulers, conveyors and rail tracks, active in the same industrial market as the structural parts segment 1.
- Cubic parking equipment makers
Firms that design, manufacture and install cubic parking systems, a segment the company has exited through the sale of its subsidiaries 1.
- EV charging station operators
Companies that install and operate charging stations in commercial and destination locations, where the company intends to expand 1.
- Digital charging platform providers
Platform operators that manage charging users and value-added services, an area where the company is still developing technology 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)03 Nov 2026
- Current report (foreign issuer)28 Oct 2026
- Current report (foreign issuer)14 Oct 2026
- Current report (foreign issuer)01 Oct 2026
- Current report (foreign issuer)30 Sept 2026
- Current report (foreign issuer)16 Sept 2026
- Current report (foreign issuer)11 Sept 2026
- Current report (foreign issuer)26 Aug 2026
- Current report (foreign issuer)24 Jul 2026
- Current report (foreign issuer)17 Jul 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Huachen AI Parking Management Technology Holding Co., Ltd · 13 May 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.