Huineng Technology Narrows Q1 Loss to $4,420 as Revenue Jumps 367%

Huineng Technology Corporation, a Nevada-based technology company, reported a net loss of $4,420 for the three months ending February 28, 2026, a 53% improvement from the $9,391 loss posted in the same quarter a year earlier. The company generated $5,600 in revenue during the period, up 367% from $1,200 in the prior-year quarter. Read more earnings reports.

Operating losses narrowed to $4,420 from $9,391 year-over-year. The company reported gross profit of $5,600 for the quarter, matching total revenue, suggesting minimal or no cost of goods sold during the period.

Cash from operations swung sharply positive, with the company generating $5,120 in the three months ending February 28, 2026, compared to a cash outflow of $9,697 in the year-earlier period. Cash and cash equivalents stood at $5,878 as of February 28, 2026, up from just $758 three months prior.

Total assets rose to $12,949 as of February 28, 2026, compared to $12,617 at the end of November 2025, though down from $28,040 a year earlier. Current liabilities climbed to $23,211 from $18,459 over the prior three months, while total stockholders equity deficit deepened to negative $10,262 from negative $5,842.

The company reported a retained earnings deficit of $84,132 as of quarter-end, compared to $79,712 three months earlier. Huineng had 44.5 million shares outstanding as of February 28, 2026, unchanged from the prior quarter.

Basic and diluted earnings per share came in at negative $0.0001 for the quarter, an improvement from negative $0.0010 in the year-earlier period. The weighted average share count increased to 44.5 million from 9.0 million, reflecting share issuance during the intervening period.

Financial Summary