HIHO on Nasdaq
HIGHWAY HOLDINGS LTD
HIGHWAY HOLDINGS LTD is a miscellaneous fabricated metal products company, listed on Nasdaq (HIHO).1
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Last updated Oct 21, 2026.
Overview
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- TickerHIHO on Nasdaq1
- IndustryMiscellaneous Fabricated Metal Products1
- Business addressLevel 18 Landmark N 39 Lung Sum Ave, Ste 1801, Sheung Shui3
- Filer categoryNon-accelerated filer3
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Owned Enterprise” (a “WFOE”)). The Myanmar operations are conducted through Kayser Myanmar Manufacturing Company Ltd.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
2396.5%Gross margin2
-4047.4%Operating margin2
-2673.7%Net margin2
-99.2%Revenue growth, 20262
-31.2%Return on equity2
0.08×Debt to equity2
-$1.5MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Sale Of Products brought in 98% of the revenue HIGHWAY HOLDINGS LTD broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Sale Of Products | $5.5M | $7.4M | $4.8M |
| Value Added Taxes And Surcharges | $85.0K | $77.0K | $67.0K |
| Other Service Income | $14.0K |
Regions
Europe brought in 39% of the revenue HIGHWAY HOLDINGS LTD broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| Europe | $4.2M | $6.3M | $3.8M |
| Metal Stamping And Mechanical Oem | $3.5M | $4.5M | $2.7M |
| Electric | $2.8M | $2.9M | $2.1M |
| HKAnd CNMember | $906.0K | $794.0K | $629.0K |
| North America | $1.2M | $291.0K | $362.0K |
| Other Asian countries | $3.0K | $30.0K | |
| Other Services | $14.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue46¢$3.4M
- Selling, general and admin47¢$3.5M
- Income tax7¢$486.0K
Out of $57.0K in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Revenue from contracts with customers | $4.8M | $7.4M | $6.3M |
| Cost of sales | -$3.4M | -$4.9M | -$4.6M |
| Gross profit | $1.4M | $2.5M | $1.7M |
| Selling, general and administrative expenses | -$3.5M | -$3.0M | -$2.5M |
| Impairment of property, plant and equipment | -$19.0K | -$335.0K | |
| Impairment of right of use assets | -$106.0K | -$527.0K | |
| Operating loss | -$2.3M | -$535.0K | -$1.6M |
| Exchange gain, net | $22.0K | $124.0K | $198.0K |
| Interest income, net | $159.0K | $203.0K | $248.0K |
| Other income | $21.0K | $22.0K | $30.0K |
| Gain on disposal of property, plant and equipment | $75.0K | $333.0K | $16.0K |
| Total non-operating income | $277.0K | $682.0K | $492.0K |
| (Loss) income before income taxes | -$2.0M | $147.0K | -$1.1M |
| Income taxes (note 4) | $486.0K | -$38.0K | $161.0K |
| Net (loss) income | -$1.5M | $109.0K | -$978.0K |
| Net loss (Profit) attributable to non-controlling interests | $20.0K | -$3.0K | $19.0K |
| Net (loss) income attributable to Highway Holdings Limiteds shareholders | -$1.5M | $106.0K | -$959.0K |
| - basic (in Dollars per share) | -$0.33 | $0.02 | -$0.22 |
| - diluted (in Dollars per share) | -$0.33 | $0.02 | -$0.22 |
| - basic (in Shares) | 4.6M shares | 4.4M shares | 4.4M shares |
| - diluted (in Shares) | 4.6M shares | 4.4M shares | 4.4M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents (note 5) | $4.4M | $6.0M | ||
| Accounts receivable, net (note 6) | $1.0M | $1.0M | ||
| Inventories (note 7) | $1.5M | $1.1M | ||
| Prepaid expenses and other current assets, net (note 8) | $253.0K | $430.0K | ||
| Total current assets | $7.1M | $8.6M | ||
| Property, plant and equipment, net (note 9) | $389.0K | $94.0K | ||
| Intangible assets, net (note 10) | $532.0K | |||
| Goodwill (note 11) | $260.0K | |||
| Operating lease right-of-use assets, net (note 15) | $2.4M | $784.0K | ||
| Long-term deposits | $179.0K | $11.0K | ||
| Long-term loan receivable (note 12) | $75.0K | $95.0K | ||
| TOTAL ASSETS | $11.0M | $9.6M | ||
| Accounts payable | $437.0K | $613.0K | ||
| Operating lease liabilities, current (note 15) | $844.0K | $623.0K | ||
| Accrued expenses and other current liabilities (note 14) | $1.5M | $1.3M | ||
| Current portion of long-term loan payable (note 16) | $162.0K | |||
| Income tax payable | $162.0K | $486.0K | ||
| Dividend payable | $81.0K | $81.0K | ||
| Total current liabilities | $3.2M | $3.1M | ||
| Operating lease liabilities, non-current (note 15) | $1.7M | $187.0K | ||
| Deferred tax liabilities | $190.0K | |||
| Long term accrued expenses (note 14) | $26.0K | $23.0K | ||
| Non current portion of long-term loan payable (note 16) | $407.0K | |||
| Total liabilities | $5.6M | $3.3M | ||
| Common shares, $0.01 par value (Authorized: 20,000,000 shares; 4,401,825 and 4,626,676 shares as of March 31, 2025 and 2026 issued and outstanding) | $46.0K | $44.0K | ||
| Additional paid-in capital | $12.4M | $12.2M | ||
| Accumulated deficit | -$7.0M | -$5.4M | ||
| Accumulated other comprehensive loss | -$610.0K | -$516.0K | ||
| Total Highway Holdings shareholders equity | $4.9M | $6.3M | ||
| Non-controlling interests | $544.0K | -$2.0K | ||
| Total Equity | $5.4M | $6.3M | $6.6M | $8.2M |
| TOTAL LIABILITIES AND EQUITY | $11.0M | $9.6M | ||
| Preferred shares, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Preferred shares, shares authorized (in Shares) | 20.0K shares | 20.0K shares | ||
| Common shares, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Common shares, shares authorized (in Shares) | 20.0M shares | 20.0M shares | ||
| Common shares, shares issued (in Shares) | 4.6M shares | 4.4M shares | ||
| Common shares, shares outstanding (in Shares) | 4.6M shares | 4.4M shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents (note 5) | $4.4M | $6.0M | ||
| Accounts receivable, net (note 6) | $1.0M | $1.0M | ||
| Inventories (note 7) | $1.5M | $1.1M | ||
| Prepaid expenses and other current assets, net (note 8) | $253.0K | $430.0K | ||
| Total current assets | $7.1M | $8.6M | ||
| Property, plant and equipment, net (note 9) | $389.0K | $94.0K | ||
| Intangible assets, net (note 10) | $532.0K | |||
| Goodwill (note 11) | $260.0K | |||
| Operating lease right-of-use assets, net (note 15) | $2.4M | $784.0K | ||
| Long-term deposits | $179.0K | $11.0K | ||
| Long-term loan receivable (note 12) | $75.0K | $95.0K | ||
| TOTAL ASSETS | $11.0M | $9.6M | ||
| Accounts payable | $437.0K | $613.0K | ||
| Operating lease liabilities, current (note 15) | $844.0K | $623.0K | ||
| Accrued expenses and other current liabilities (note 14) | $1.5M | $1.3M | ||
| Current portion of long-term loan payable (note 16) | $162.0K | |||
| Income tax payable | $162.0K | $486.0K | ||
| Dividend payable | $81.0K | $81.0K | ||
| Total current liabilities | $3.2M | $3.1M | ||
| Operating lease liabilities, non-current (note 15) | $1.7M | $187.0K | ||
| Deferred tax liabilities | $190.0K | |||
| Long term accrued expenses (note 14) | $26.0K | $23.0K | ||
| Non current portion of long-term loan payable (note 16) | $407.0K | |||
| Total liabilities | $5.6M | $3.3M | ||
| Common shares, $0.01 par value (Authorized: 20,000,000 shares; 4,401,825 and 4,626,676 shares as of March 31, 2025 and 2026 issued and outstanding) | $46.0K | $44.0K | ||
| Additional paid-in capital | $12.4M | $12.2M | ||
| Accumulated deficit | -$7.0M | -$5.4M | ||
| Accumulated other comprehensive loss | -$610.0K | -$516.0K | ||
| Total Highway Holdings shareholders equity | $4.9M | $6.3M | ||
| Non-controlling interests | $544.0K | -$2.0K | ||
| Total Equity | $5.4M | $6.3M | $6.6M | $8.2M |
| TOTAL LIABILITIES AND EQUITY | $11.0M | $9.6M | ||
| Preferred shares, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Preferred shares, shares authorized (in Shares) | 20.0K shares | 20.0K shares | ||
| Common shares, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Common shares, shares authorized (in Shares) | 20.0M shares | 20.0M shares | ||
| Common shares, shares issued (in Shares) | 4.6M shares | 4.4M shares | ||
| Common shares, shares outstanding (in Shares) | 4.6M shares | 4.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net (loss) income | -$1.5M | $109.0K | -$978.0K |
| Depreciation of property, plant and equipment | $31.0K | $9.0K | $159.0K |
| Amortization of operating lease right-of-use assets | $687.0K | $600.0K | $599.0K |
| Loss on termination of operating lease right of use assets | $9.0K | ||
| Amortization of Intangible assets | $5.0K | ||
| Expected credit loss (reversal) provision | -$82.0K | $66.0K | -$513.0K |
| Write-down of inventories | $106.0K | $71.0K | $86.0K |
| Impairment of property, plant and equipment | $19.0K | $335.0K | |
| Impairment of operating lease right of use assets | $106.0K | $527.0K | |
| Gain on disposal of property, plant and equipment | -$75.0K | -$333.0K | -$16.0K |
| Reversal of income tax provision | -$496.0K | ||
| Share-based compensation expenses | $182.0K | $61.0K | $58.0K |
| Accounts receivable | $338.0K | $168.0K | $1.1M |
| Deferred tax | -$107.0K | ||
| Inventories | $119.0K | $356.0K | -$272.0K |
| Prepaid expenses and other current assets | $210.0K | -$230.0K | $46.0K |
| Accounts payable | -$268.0K | -$326.0K | $36.0K |
| Accrued expenses and other current liabilities | $117.0K | -$511.0K | -$118.0K |
| Operating lease liabilities | -$717.0K | -$576.0K | -$527.0K |
| Income tax payable | $6.0K | -$59.0K | |
| Income tax recoverable | $3.0K | ||
| Long-term accrued expenses | $3.0K | -$17.0K | $23.0K |
| Long-term deposits | -$167.0K | $193.0K | |
| Net cash provided by (used in) operating activities | -$1.4M | -$360.0K | $415.0K |
| Purchase of property, plant and equipment | -$103.0K | -$101.0K | -$118.0K |
| Proceeds from disposal of property, plant and equipment | $82.0K | $333.0K | $16.0K |
| Repayment from a long-term loan | $20.0K | ||
| Payment for acquisition of a subsidiary | -$701.0K | ||
| Cash received from the acquired subsidiary | $593.0K | ||
| Net cash provided by (used in) investing activities | -$109.0K | $232.0K | -$102.0K |
| Share options exercised | $59.0K | ||
| Cash dividends paid | -$492.0K | -$616.0K | |
| Long term loan Repayment | -$25.0K | ||
| Net cash used in financing activities | -$25.0K | -$492.0K | -$557.0K |
| Net decrease in cash and cash equivalents | -$1.5M | -$620.0K | -$244.0K |
| Effect of exchange rate changes on cash and cash equivalents | -$18.0K | -$9.0K | -$107.0K |
| Cash paid for income taxes | $3.0K | $38.0K | $3.0K |
| Cash paid for interest expenses | $1.0K | ||
| Operating lease right-of-use assets obtained in exchange of operating lease liabilities | -$617.0K | ||
| Common share issued for business combination | $57.0K |
No quarter-by-quarter statement was filed.
Corporate structure
HIGHWAY HOLDINGS LTD sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of HIGHWAY HOLDINGS LTD
- Peter John Abrahamson Filed SCHEDULE 13G/A on HIGHWAY HOLDINGS LTD, latest Sep 12, 2025 (5 filings since Jan 31, 2022)
- RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on HIGHWAY HOLDINGS LTD, latest Feb 13, 2023 (2 filings since Feb 11, 2022)
- Zeff Capital, LP Filed SC 13G/A on HIGHWAY HOLDINGS LTD, latest Jan 4, 2022
- HIGHWAY HOLDINGS LTD
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What HIGHWAY HOLDINGS LTD reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $12.8M2 Mar 31, 2026 | $12.1M2 Mar 31, 2025 | +6.0% |
| Accumulated depreciation | $11.1M2 Mar 31, 2026 | $10.7M2 Mar 31, 2025 | +3.9% |
| Property and equipment, net | $389.0K2 Mar 31, 2026 | $94.0K2 Mar 31, 2025 | +313.8% |
| Operating-lease assets (leased space) | $2.4M2 Mar 31, 2026 | $784.0K2 Mar 31, 2025 | +209.2% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $260.0K2 Mar 31, 2026 | $77.0K11 Mar 31, 2018 | +237.7% |
| Intangible assets, net (excluding goodwill) | $532.0K2 Mar 31, 2026 | ||
| Accumulated amortization | $5.0K2 Mar 31, 2026 | ||
| Finite-lived intangibles, net | $532.0K2 Mar 31, 2026 | ||
| Customer relationships, net | $537.0K2 Mar 31, 2026 |
Inventory
Leadership
Who has led HIGHWAY HOLDINGS LTD, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerRoland Walter Kohl Apr 6, 2026 to now12
- Chief financial officerShui Lun Chan Apr 6, 2026 to now13
- Chief operating officerChi Fai Tsang Apr 6, 2026 to now14
Board members and other officers (7)
- Board memberChong Tat Brian Chu Apr 6, 2026 to now15
- Board memberDoron Yaacov Aharonov Apr 6, 2026 to now16
- Board memberHeiko Sonnekalb Apr 6, 2026 to now17
- Board memberMarcus Bagnall Apr 6, 2026 to now18
- Board memberPing Yim Wong Apr 6, 2026 to now19
- Board memberRoland Walter Kohl Apr 6, 2026 to now12
- Board memberPatrick Andreas Michaels Apr 17, 2026 to now20
Timeline
- Apr 6, 2026New chief executive Roland Walter Kohl becomes CEO12
Filings
83 filings to the SEC since October 2021: 6 annual reports, 9 insider forms, 8 large holders, 60 other. The latest 20:
- Sep 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 14, 202620-F ANNUAL REPORT EDGAR
- Jun 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 17, 20263 EDGAR
- Apr 6, 20263 EDGAR
- Apr 6, 20263 EDGAR
- Apr 6, 20263 EDGAR
- Apr 6, 20263 EDGAR
- Apr 6, 20263 EDGAR
- Apr 6, 20263 EDGAR
- Apr 6, 20263 EDGAR
- Apr 6, 20263 EDGAR
- Mar 27, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
The 83 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Peter John AbrahamsonSCHEDULE 13G/A, 5 filings Jan 31, 2022 to Sep 12, 202521
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202322
- Zeff Capital, LPSC 13G/A, 1 filing Jan 4, 202223
SEC filer profile
How HIGHWAY HOLDINGS LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHIGHWAY HOLDINGS LTD1
- CIK0001026785
- Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
- Incorporated inBritish Virgin Islands4
- Fiscal year endsMarch 311
- Industry code (SIC)3490 Miscellaneous Fabricated Metal Products1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business addressLevel 18 Landmark N 39 Lung Sum Ave, Ste 1801, Sheung Shui, China1
- Phone011-86-755-2813-60561
- Shares outstanding4,626,676 shares as of Mar 31, 20264
- AuditorMarcum Asia CPAs LLP, New York, New York PCAOB ID 5395; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJan 31, 20021
- Filings294 in all: 6-K (183), 20-F (25), SC 13G/A (15), UPLOAD (12), 3 (10), 4 (10), CORRESP (9), SC 13G (5)1
All 19 form types
EFFECT (4), F-3/A (4), 20-F/A (3), F-3 (3), POS AM (3), ARS (2), SCHEDULE 13G/A (2), 8-A12B (1), NT 20-F (1), S-8 (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (20-F) Jul 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, $0.01 par value per share | HIHO | NASDAQ |
| Preferred Share Purchase Rights | NASDAQ |
From the cover page of the 20-F filed Jul 14, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15SEC EDGARChong Tat Brian Chu, Board member
- 16SEC EDGARDoron Yaacov Aharonov, Board member
- 17SEC EDGARHeiko Sonnekalb, Board member
- 18SEC EDGARMarcus Bagnall, Board member
- 19SEC EDGARPing Yim Wong, Board member
- 20
- 21
- 22
- 23