Hf Foods Group Inc (OQ:HFFG)
Business Focus: Food Retail & Distribution
| Sector: Consumer Non-Cyclicals | Industry: Food Retail & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6325 SOUTH RAINBOW BOULEVARD, SUITE 420 LAS VEGAS NV 89118 |
| Tel: | N/A |
| Website: | https://hffoodsgroup.com |
| IR: | See website |
| Key People | ||
| Xi Lin President, Interim Chief Financial Officer, Chief Operating Officer | Xiao Mou Zhang Chief Executive Officer, Director | Christine Chang Chief Compliance Officer, General Counsel |
| Business Overview |
| HF Foods Group Inc. is a marketer and distributor of fresh produce, frozen and dry food, and non-food products to primarily Asian/Chinese restaurants and other foodservice customers throughout the United States. The Company's business features approximately 18 distribution centers and cross-docks with over one million square feet of warehouse space and a fleet of over 400 vehicles to provide a variety of products with a focus on Asian specialty food ingredients essential for Asian cooking. The Company offers over 2,000 different products to its customers. Its product categories include seafood, Asian specialty, meat and poultry, fresh produce, packaging and other, and commodity. Its seafood category includes lobster, shrimp, crab, scallops and fish, such as tuna and Alaskan salmon. The Company's fresh produce category includes seasonal fruits and vegetables, such as celery, Chinese cabbage and winter melon. Its meat and poultry category includes beef, pork, chicken and duck. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Hf Foods Group Inc revenues decreased 2% to $1.15B. Net loss totaled $2.2M vs. income of $460K. Revenues reflect Net revenue - related parties decrease of 16% to $5.8M. Net loss reflects Interest expenses - Balancing value increase of 61% to $10.7M (expense), Effective G/L on Derivatives - Hedging decrease from $817K (income) to $1.6M (expense). |
| Employees: | 925 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $335.02M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,148M as of Dec 31, 2023 |
| EBITDA (TTM): | $38.47M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.17M as of Dec 31, 2023 |
| Free cash flow (TTM): | $11.41M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $170.47M as of Dec 31, 2023 |
| Shares outstanding: | 52,155,968 as of Mar 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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