Hong Kong – September 10, 2026 -- Hang Feng Technology Innovation Co., Ltd., a Nasdaq-listed company headquartered in Hong Kong, reported a 73% year-on-year revenue decline for the six months ended June 30, 2026, as it redirects resources away from its legacy consulting business toward real-world asset (RWA) initiatives.
Revenue falls to $362,511 as consulting business contracts
Total revenue for the reporting period was $362,511, down from $1,327,707 in the first half of 2025. The company swung to a net loss of $553,033 and a comprehensive loss of $593,754, reversing prior-year net income of $363,524 and comprehensive income of $330,221. Management attributed the decline primarily to reduced business development and marketing activity in its corporate management consulting segment, a deliberate move tied to the reallocation of resources toward RWA development.
Balance sheet holds $8.2 million in total assets, $6.6 million in cash
As of June 30, 2026, total assets stood at $8,215,946, including $6,606,369 in cash, with total shareholders' equity of $8,015,004. The company also generated $329,755 in loan interest revenue during the period, providing a cash-flow buffer while core operations undergo realignment.
Company incorporates Singapore subsidiary for future tech initiatives
In May 2026, Hang Feng incorporated a wholly-owned subsidiary, HF Helios AI PTE Limited, in Singapore to prepare for prospective cross-border and technology-driven business initiatives. The entity has not yet commenced operations.
Shareholders approve capital restructuring into dual-class share system
Following approval at an Extraordinary General Meeting on June 12, 2026, Hang Feng completed a share capital re-designation, reorganizing its statutory structure into 9,000,000,000 Class A Ordinary Shares and 1,000,000,000 Class B Ordinary Shares. As of June 30, 2026, 3,871,000 Class A shares and 4,000,000 Class B shares were issued and outstanding.
Hong Kong subsidiary secures dealing license after period close
Through its Hong Kong subsidiary, Hang Feng International Asset Management Limited, the company held Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses from the Securities and Futures Commission as of June 30, 2026. On July 7, 2026, subsequent to the reporting period, the subsidiary was granted a Type 1 (Dealing in Securities) license, expanding its regulated financial service capacity.
CEO XU Zhiheng said the first half reflected "proactive strategic reassessment," with the company citing its balance sheet of over $8 million in total assets as a cushion while it navigates the transition toward RWA-focused operations.