NPT
NPT
Texxon Holding Limited Ordinary sharesIncome 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 | $1.64M ▲ | $110.41M ▲ | $73.9M ▲ | $-1.86M ▲ |
| Q4-2023 | $272.89K | $89.7M | $57.32M | $-2.85M |
What's financially strong about this company?
The company owns a lot of physical assets and has little exposure to goodwill or intangible write-downs. Receivables are being collected a bit faster, and cash, while still low, improved this quarter.
What are the financial risks or weaknesses?
Cash is dangerously low compared to bills due soon, and short-term debt has jumped sharply. The company is delaying payments to suppliers, has negative retained earnings, and may need to raise money urgently.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|
5-Year Trend Analysis
A comprehensive look at Texxon Holding Limited Ordinary shares's financial evolution and strategic trajectory over the past five years.
NPT shows strong and accelerating revenue growth, an improving though fragile profitability profile, and a clear strategic vision built around a digital supply chain platform and vertical integration into polystyrene manufacturing. The company has expanded its asset base and appears to have built meaningful customer and supplier networks in its core region. Its willingness to invest aggressively in capacity and technology signals ambition to move up the value chain and capture better margins over time.
At the same time, the financial risk profile is elevated. Margins are very thin, net income has recently declined, and cash flows from operations and free cash flow are significantly negative. The balance sheet shows high leverage, negative equity, and severely strained liquidity, making the company dependent on continued external funding. Large, capital‑intensive projects like the Henan plant add execution, market, and regulatory risk; any delay, cost overrun, or demand shortfall could further pressure an already fragile financial position.
Looking ahead, NPT appears to be in a high‑risk, high‑execution phase: it is attempting to transform from a relatively low‑margin trading platform into an integrated, technology‑driven manufacturer and distributor. If the strategy succeeds, the company could strengthen its competitive position, improve margins, and eventually generate stronger, more stable cash flows. However, until there is clearer evidence of sustainable profitability, healthier cash generation, and a more robust balance sheet, the overall outlook remains uncertain and highly sensitive to both operational performance and access to capital.
About Texxon Holding Limited Ordinary shares
https://www.npt-cn.comTexxon Holding Limited, through its subsidiaries, engages in the supply chain management business in the People's Republic of China. It sells basic chemicals, including alcohols and aromatics chemical raw materials; plastic particles, such as polyolefin and chemical polymers; and black metals and cottons. The company was incorporated in 2022 and is based in Shanghai, the People's Republic of China.
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 | $1.64M ▲ | $110.41M ▲ | $73.9M ▲ | $-1.86M ▲ |
| Q4-2023 | $272.89K | $89.7M | $57.32M | $-2.85M |
What's financially strong about this company?
The company owns a lot of physical assets and has little exposure to goodwill or intangible write-downs. Receivables are being collected a bit faster, and cash, while still low, improved this quarter.
What are the financial risks or weaknesses?
Cash is dangerously low compared to bills due soon, and short-term debt has jumped sharply. The company is delaying payments to suppliers, has negative retained earnings, and may need to raise money urgently.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|
5-Year Trend Analysis
A comprehensive look at Texxon Holding Limited Ordinary shares's financial evolution and strategic trajectory over the past five years.
NPT shows strong and accelerating revenue growth, an improving though fragile profitability profile, and a clear strategic vision built around a digital supply chain platform and vertical integration into polystyrene manufacturing. The company has expanded its asset base and appears to have built meaningful customer and supplier networks in its core region. Its willingness to invest aggressively in capacity and technology signals ambition to move up the value chain and capture better margins over time.
At the same time, the financial risk profile is elevated. Margins are very thin, net income has recently declined, and cash flows from operations and free cash flow are significantly negative. The balance sheet shows high leverage, negative equity, and severely strained liquidity, making the company dependent on continued external funding. Large, capital‑intensive projects like the Henan plant add execution, market, and regulatory risk; any delay, cost overrun, or demand shortfall could further pressure an already fragile financial position.
Looking ahead, NPT appears to be in a high‑risk, high‑execution phase: it is attempting to transform from a relatively low‑margin trading platform into an integrated, technology‑driven manufacturer and distributor. If the strategy succeeds, the company could strengthen its competitive position, improve margins, and eventually generate stronger, more stable cash flows. However, until there is clearer evidence of sustainable profitability, healthier cash generation, and a more robust balance sheet, the overall outlook remains uncertain and highly sensitive to both operational performance and access to capital.
CEO
Wei Hui Xu