Recent Updates — HIHO
Highway Holdings Limited signed a master agreement to form a majority-owned joint venture with Guangdong Huahu New Energy Technology Co., Ltd. Highway Holdings will own 57% of the new entity, Huahu International New Energy Technology Company Limited, contributing approximately $2.0 million in cash, while Huahu contributes products and technology valued at $1.5 million. The venture markets Wowtiger-branded battery energy storage systems in Germany, Italy, the US, and South America. Highway Holdings may issue up to 400,000 restricted shares based on performance milestones. The transaction aims to diversify revenue beyond traditional OEM manufacturing by leveraging Huahu’s technology and Highway Holdings’ global distribution and production capabilities. Highway Holdings Limited is an international manufacturer of high-quality parts and products for equipment manufacturers.
Highway Holdings Limited reported first-quarter fiscal 2027 results ending June 30, 2026, showing a 29.2% year-over-year revenue increase to $2 million and gross profit growth of 58.4% to $835,000. The company returned to operating profitability with $59,000 in operating income, an improvement from the prior year's loss of $138,000, driven by a gross margin expansion of approximately 800 basis points to 42%. Net income attributable to shareholders rose 79% to $109,000, or $0.02 per diluted share. The firm maintains solid liquidity with $3.9 million in cash and a current ratio of 2.4-to-1. Highway Holdings Limited operates as an international manufacturer of high-quality parts and products for blue-chip equipment manufacturers.
Highway Holdings Limited declared a cash dividend of $0.05 per common share, with payment scheduled for September 22, 2026. The company subsequently updated the shareholder record date to August 10, 2026, replacing the previously announced August 8 date. CEO Roland Kohl stated the dividend reflects the company's strengthened financial position and confidence in its future. Highway Holdings Limited is an international manufacturer of high-quality parts and products for blue chip equipment manufacturers based primarily in Germany.
Highway Holdings Limited signed a letter of intent to form a majority-owned energy storage joint venture in Hong Kong, tentatively named Huahu International New Energy Technology Company Limited. The venture will have initial contributions valued at US$3.5 million, with Highway Holdings owning 57% and Huahu contributing US$1.5 million in products and technology transfer. Highway Holdings is also planning a restricted share issuance incentive program to Huahu to drive business volume. Highway Holdings is an international manufacturer of high-quality parts and products for equipment manufacturers.
Highway Holdings reported fiscal 2026 full year net sales of $4.8 million, a decline from $7.4 million in 2025, and a net loss of $1.5 million ($0.33 per share). The decline was driven by political instability in Myanmar and customer order reductions. The company recorded a $125,000 non-cash impairment charge for assets in 2026. Highway Holdings is an international manufacturer of high-quality parts and products for equipment manufacturers.