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NPT

Texxon Holding Limited Ordinary shares

NPT

Texxon Holding Limited Ordinary shares • NASDAQ
$5.10 ▼ -6.76% (-0.37)
Market Cap $113.14 M
52w High $9.18
52w Low $3.14
Dividend Yield 0%
P/E -127.5
Volume 24.63K
Outstanding Shares 22.18M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2024 $1.637M ▲ $110.408M ▲ $73.9M ▲ $-1.859M ▲
Q4-2023 $272.895K $89.695M $57.319M $-2.849M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement Texxon is a very small, early‑stage business with modest but steadily rising revenue over the past few years. Profitability looks thin and a bit uneven: earnings per share swung from a small loss to a small profit and then eased back, suggesting the business is still stabilizing its cost structure. Reported margins are not very transparent, which is common for young, fast‑building platforms, but it does mean current earnings quality is hard to judge. Overall, the income statement tells a story of a company that is past the idea stage, generating real sales, but still working toward durable, consistent profits.

Balance Sheet

Balance Sheet The historical balance sheet is tiny, with a light asset base and only a small layer of equity. Debt is present but not yet heavy in absolute terms; however, with such a small equity cushion, leverage risk needs watching. Reported cash balances are minimal in the pre‑IPO period, which likely contributed to pressure on liquidity. The recent IPO should have changed this picture by adding fresh capital, but that improvement is not yet visible in the historical figures provided. In short, the company is moving from a very lean, capital‑constrained position toward what should be a stronger balance sheet post‑listing, but the transition and new leverage from factory expansion will matter a lot.

Cash Flow

Cash Flow Texxon’s cash flow profile shows a business investing ahead of itself. Operating cash flow has recently been negative, implying that the company’s day‑to‑day activities are not yet funding themselves and may rely on external capital. Free cash flow is also negative, driven by spending on capital projects, which is typical for a company building out infrastructure and technology. Earlier, the business briefly generated positive cash, which suggests it can be cash‑generative under certain conditions, but that has not yet been sustained. Overall, Texxon appears to be in an investment phase where growth and platform build‑out take priority over near‑term cash generation.

Competitive Edge

Competitive Edge Texxon operates in a very fragmented plastics and chemicals distribution market in China, where many traditional distributors still use less integrated, offline processes. Its main competitive angle is a digital, one‑stop platform that connects thousands of small and mid‑sized customers with a wide supplier network, handling procurement, logistics, and payments in one place. The more users it attracts, the more valuable the platform becomes, creating early signs of network effects and a data advantage. However, the market is crowded, and rivals can copy parts of the service model. Texxon’s moat is promising but still young: its edge depends on continuing to deepen its data, improve user experience, and scale faster than competitors while managing commodity price volatility.

Innovation and R&D

Innovation and R&D Innovation is central to Texxon’s identity. The company has spent over a decade building a technology‑enabled supply chain platform with a scalable software architecture and a large historical data set on transactions, pricing, and demand. This data foundation is a critical asset for better forecasting, pricing, and risk management, and it creates room for more advanced analytics and artificial intelligence over time. Beyond the platform, the planned Henan polystyrene factory marks a strategic shift into manufacturing, using IPO funds to integrate upstream and gain more control over supply. That move is innovative for the business model but also adds complexity and execution risk. Future value will depend heavily on how well Texxon enhances its digital tools, applies data science in daily operations, and brings the new factory online without diluting its tech focus.

Summary

Texxon Holding is a small, technology‑driven supply chain company in China’s plastics and chemicals sector that has moved from concept to real, growing revenue but is still early in building stable profits and cash flows. Historically, its balance sheet and cash position were thin, with negative free cash flow reflecting an investment‑heavy phase; the recent IPO likely strengthens its finances but also funds a capital‑intensive manufacturing project that raises execution stakes. Competitively, Texxon’s edge lies in its digital platform, data assets, and integrated services, which can create network effects in a fragmented market, although that advantage is not yet fully entrenched. The innovation story—platform analytics plus vertical integration via a new polystyrene plant—is ambitious and could reshape its economics, but it also introduces higher operational, financial, and market risk. Overall, NPT looks like a developing platform business transitioning into a more complex industrial‑tech hybrid, with meaningful upside potential if execution is strong and equally meaningful uncertainty if growth outpaces control.

NEWS

November 18, 2025 · 4:30 PM UTC

Texxon Holding Limited Announces Financial Results for Fiscal Year 2025

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October 28, 2025 · 4:30 PM UTC

Texxon Holding Limited Announces Full Exercise of Underwriters' Over-Allotment Option

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October 23, 2025 · 4:30 PM UTC

Texxon Holding Limited Announces Closing of $9.5 Million Initial Public Offering

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