HFFG on Nasdaq
HF Foods Group Inc.
American wholesale-groceries and related products company, active since 20162
In its 2026 annual report the company says: “We serve approximately 15,000 customer locations through a high-frequency, service-oriented distribution model designed to meet the operational needs of independent restaurants, including timely delivery and consistent product availability.”5 It is headquartered in City of Industry, United States.2 Its shares trade on Nasdaq under the symbol HFFG.2
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Last updated Oct 20, 2026.
Overview
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- TickerHFFG on Nasdaq2
- IndustryWholesale-Groceries & Related Products2
- HeadquartersCity of Industry, United States2
- Incorporated inDE3
- Business address6325 South Rainbow Boulevard, Suite 420, Las Vegas, Nv 891183
- Filer categoryAccelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI54930040ARMFXM6CL6972
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 60414052
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HF Foods Group Inc., headquartered in Las Vegas, Nevada, operating through our subsidiaries (collectively “HF Foods” or the “Company”) is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to Asian restaurants and other foodservice customers throughout the United States.5 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 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Seafood brought in 36% of the revenue HF Foods Group Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Seafood | $394.0M | $436.6M |
| Meat and Poultry | $253.0M | $270.6M |
| Asian Specialty | $305.6M | $226.3M |
| Commodity Product | $57.5M | $123.8M |
| Fresh Produce | $128.8M | $113.3M |
| Packaging and Other | $62.7M | $57.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue83¢$1.0B
- Selling, general and admin16¢$201.8M
- Income tax0¢$6.0M
Out of $1.2B in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending74¢$18.9M
- Kept or used elsewhere26¢$6.6M
Out of $25.5M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| TOTAL NET REVENUE | $1.2B | $1.2B |
| TOTAL COST OF REVENUE | $1.0B | $996.5M |
| GROSS PROFIT | $207.6M | $205.2M |
| Distribution, selling and administrative expenses | $201.8M | $198.0M |
| Goodwill impairment charges | $38.8M | $46.3M |
| LOSS FROM OPERATIONS | -$33.0M | -$39.1M |
| Interest expense | $11.5M | $11.4M |
| Other (income) expense, net | -$1.1M | $2.8M |
| Change in fair value of interest rate swap contracts | $1.9M | -$1.7M |
| Lease guarantee income | $0 | -$5.5M |
| LOSS BEFORE INCOME TAXES | -$45.3M | -$46.1M |
| Income tax (benefit) expense | -$6.0M | $2.0M |
| NET LOSS AND COMPREHENSIVE LOSS | -$39.3M | -$48.1M |
| Less: net (loss) income attributable to noncontrolling interests | -$468.0K | $409.0K |
| NET LOSS AND COMPREHENSIVE LOSS ATTRIBUTABLE TO HF FOODS GROUP INC. | -$38.8M | -$48.5M |
| (LOSS) EARNINGS PER COMMON SHARE - BASIC (in USD per share) | -$0.73 | -$0.92 |
| (LOSS) EARNINGS PER COMMON SHARE - DILUTED (in USD per share) | -$0.73 | -$0.92 |
| WEIGHTED AVERAGE SHARES - BASIC (in shares) | 52.9M shares | 52.6M shares |
| WEIGHTED AVERAGE SHARES - DILUTED (in shares) | 52.9M shares | 52.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $8.6M | $14.5M | ||
| Inventories | $106.6M | $97.8M | ||
| Prepaid expenses and other current assets | $9.7M | $11.5M | ||
| Assets held for sale | $2.8M | $0 | ||
| TOTAL CURRENT ASSETS | $194.0M | $178.1M | ||
| Property and equipment, net | $163.4M | $149.6M | ||
| Operating lease right-of-use assets | $26.0M | $13.9M | ||
| Long-term investments | $2.1M | $2.4M | ||
| Customer relationships, net | $126.0M | $136.6M | ||
| Trademarks, trade names and other intangibles, net | $25.4M | $24.9M | ||
| Goodwill | $0 | $38.8M | $85.1M | |
| Other long-term assets | $4.5M | $5.7M | ||
| TOTAL ASSETS | $541.5M | $550.0M | ||
| Checks issued not presented for payment | $1.7M | $5.7M | ||
| Line of credit | $55.8M | $57.5M | ||
| Current portion of long-term debt, net | $6.7M | $5.4M | ||
| Current portion of obligations under finance leases | $6.4M | $3.8M | ||
| Current portion of obligations under operating leases | $4.3M | $4.2M | ||
| Accrued expenses and other liabilities | $15.0M | $18.0M | ||
| TOTAL CURRENT LIABILITIES | $164.8M | $145.2M | ||
| Long-term debt, net of current portion | $99.4M | $103.3M | ||
| Obligations under finance leases, non-current | $25.3M | $19.9M | ||
| Obligations under operating leases, non-current | $23.0M | $10.1M | ||
| Deferred tax liabilities | $23.8M | $29.4M | ||
| Other long-term liabilities | $1.7M | $728.0K | ||
| TOTAL LIABILITIES | $337.9M | $308.7M | ||
| Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding | $0 | $0 | ||
| Common Stock, $0.0001 par value; 100,000,000 shares authorized; 55,041,255 and 54,735,073 shares issued and 53,043,832 and 52,737,650 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | $5.0K | $5.0K | ||
| Treasury stock, at cost; 1,997,423 shares as of December 31, 2025 and December 31, 2024 | -$7.8M | -$7.8M | ||
| Additional paid-in capital | $605.8M | $604.2M | ||
| Accumulated deficit | -$396.0M | -$357.2M | ||
| TOTAL SHAREHOLDERS EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC. | $202.1M | $239.3M | ||
| Noncontrolling interests | $1.5M | $2.0M | ||
| TOTAL SHAREHOLDERS EQUITY | $203.6M | $241.3M | $288.0M | |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $541.5M | $550.0M | ||
| Allowance for credit loss, current | $1.2M | $1.6M | ||
| Preferred stock. par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, issued (in shares) | 55.0M shares | 54.7M shares | ||
| Common stock, outstanding (in shares) | 53.0M shares | 52.7M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $8.6M | $14.5M | ||
| Inventories | $106.6M | $97.8M | ||
| Prepaid expenses and other current assets | $9.7M | $11.5M | ||
| Assets held for sale | $2.8M | $0 | ||
| TOTAL CURRENT ASSETS | $194.0M | $178.1M | ||
| Property and equipment, net | $163.4M | $149.6M | ||
| Operating lease right-of-use assets | $26.0M | $13.9M | ||
| Long-term investments | $2.1M | $2.4M | ||
| Customer relationships, net | $126.0M | $136.6M | ||
| Trademarks, trade names and other intangibles, net | $25.4M | $24.9M | ||
| Goodwill | $0 | $38.8M | $85.1M | |
| Other long-term assets | $4.5M | $5.7M | ||
| TOTAL ASSETS | $541.5M | $550.0M | ||
| Checks issued not presented for payment | $1.7M | $5.7M | ||
| Line of credit | $55.8M | $57.5M | ||
| Current portion of long-term debt, net | $6.7M | $5.4M | ||
| Current portion of obligations under finance leases | $6.4M | $3.8M | ||
| Current portion of obligations under operating leases | $4.3M | $4.2M | ||
| Accrued expenses and other liabilities | $15.0M | $18.0M | ||
| TOTAL CURRENT LIABILITIES | $164.8M | $145.2M | ||
| Long-term debt, net of current portion | $99.4M | $103.3M | ||
| Obligations under finance leases, non-current | $25.3M | $19.9M | ||
| Obligations under operating leases, non-current | $23.0M | $10.1M | ||
| Deferred tax liabilities | $23.8M | $29.4M | ||
| Other long-term liabilities | $1.7M | $728.0K | ||
| TOTAL LIABILITIES | $337.9M | $308.7M | ||
| Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding | $0 | $0 | ||
| Common Stock, $0.0001 par value; 100,000,000 shares authorized; 55,041,255 and 54,735,073 shares issued and 53,043,832 and 52,737,650 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | $5.0K | $5.0K | ||
| Treasury stock, at cost; 1,997,423 shares as of December 31, 2025 and December 31, 2024 | -$7.8M | -$7.8M | ||
| Additional paid-in capital | $605.8M | $604.2M | ||
| Accumulated deficit | -$396.0M | -$357.2M | ||
| TOTAL SHAREHOLDERS EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC. | $202.1M | $239.3M | ||
| Noncontrolling interests | $1.5M | $2.0M | ||
| TOTAL SHAREHOLDERS EQUITY | $203.6M | $241.3M | $288.0M | |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $541.5M | $550.0M | ||
| Allowance for credit loss, current | $1.2M | $1.6M | ||
| Preferred stock. par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, issued (in shares) | 55.0M shares | 54.7M shares | ||
| Common stock, outstanding (in shares) | 53.0M shares | 52.7M 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 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$39.3M | -$48.1M |
| Depreciation and amortization expense | $28.4M | $26.7M |
| Goodwill impairment charges | $38.8M | $46.3M |
| Gain from disposal of property and equipment | -$115.0K | -$12.0K |
| Credit for expected credit losses | -$357.0K | -$103.0K |
| Deferred tax (benefit) expense | -$5.6M | $364.0K |
| Change in fair value of interest rate swap contracts | $1.9M | -$1.7M |
| Stock-based compensation | $1.8M | $2.1M |
| Non-cash lease expense | $5.1M | $4.0M |
| Lease guarantee income | $0 | -$5.5M |
| Other non-cash (income) expense | -$280.0K | $1.2M |
| Accounts receivable | -$11.2M | -$6.4M |
| Accounts receivable - related parties | -$307.0K | $10.0K |
| Inventories | -$8.8M | $7.8M |
| Prepaid expenses and other current assets | $1.8M | -$1.4M |
| Other long-term assets | $967.0K | $942.0K |
| Checks issued not presented for payment | -$4.0M | $1.2M |
| Accounts payable | $23.7M | -$1.0M |
| Accounts payable - related parties | $332.0K | -$345.0K |
| Operating lease liabilities | -$4.2M | -$4.0M |
| Accrued expenses and other liabilities | -$3.0M | $714.0K |
| Net cash provided by operating activities | $25.5M | $22.6M |
| Purchase of property and equipment | -$18.9M | -$12.5M |
| Proceeds from sale of property and equipment | $206.0K | $48.0K |
| Contribution to equity method investee | $0 | -$49.0K |
| Net cash used in investing activities | -$20.4M | -$12.5M |
| Payments for tax withholding related to vested stock awards | -$156.0K | -$175.0K |
| Proceeds from line of credit | $1.4B | $1.5B |
| Repayment of line of credit | -$1.4B | -$1.5B |
| Proceeds from issuance of debt | $4.2M | $0 |
| Repayment of long-term debt | -$6.9M | -$5.5M |
| Payment of debt financing costs | -$213.0K | $0 |
| Repayment of obligations under finance leases | -$6.3M | -$3.6M |
| Cash distributions to noncontrolling interests | $0 | -$500.0K |
| Net cash used in financing activities | -$10.9M | -$10.9M |
| Net decrease in cash | -$5.8M | -$765.0K |
| Cash paid for interest | $11.4M | $11.6M |
| Cash paid for income taxes | $358.0K | $2.5M |
| Right-of-use assets obtained in exchange for operating lease liabilities | $17.2M | $5.2M |
| Property acquired in exchange for finance leases | $14.3M | $14.3M |
| Acquisition of noncontrolling interests | $0 | $772.0K |
| Payments to Acquire Intangible Assets | -$1.7M | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
HF Foods Group Inc. sits at the top of its group. 44 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of HF Foods Group Inc.
- Zhou Min Ni Filed SCHEDULE 13D/A on HF Foods Group Inc., latest May 26, 2026 (2 filings since Dec 22, 2023)
- Xiao Mou Zhang Filed SC 13D/A on HF Foods Group Inc., latest Jul 5, 2024
- Irrevocable Trust for Raymond Ni Filed SC 13D/A on HF Foods Group Inc., latest May 15, 2023 (2 filings since May 5, 2023)
- HF Foods Group Inc. City of Industry, California, United States
- 273 Fifth Avenue, L.L.C. Subsidiary · Delaware, United States
- A & Kie, LLC Subsidiary · Arizona, United States
- American Fortune Foods, Inc. Subsidiary · California, United States
- Asahi Food, Inc (ownership 49%) Subsidiary · Colorado, United States
- B & L Trading, LLC Subsidiary · Washington, United States
- B&B Trucking Services, Inc. Subsidiary · Florida, United States
- B&R Global Holdings, Inc. Subsidiary · Delaware, United States
- B&R Global Services, LLC Subsidiary · Delaware, United States
- B&R Group Logistics Holding LLC Subsidiary · Delaware, United States
- B&R Realty, LLC Subsidiary · California, United States
- Big Sea Realty, LLC Subsidiary · Washington, United States
- Capital Trading, LLC Subsidiary · Utah, United States
- Chinesetg, Inc. Subsidiary · New York, United States
- Fortune Liberty, LLC Subsidiary · Utah, United States
- Fujian Hefeng Enterprise Management Co., Ltd 福建合丰企业管理有限公司 Subsidiary · China
- Genstar Realty, LLC Subsidiary · California, United States
- GM Food Supplies, Inc. Subsidiary · California, United States
- Great Wall Seafood IL, LLC Subsidiary · Illinois, United States
- Great Wall Seafood LA, LLC Subsidiary · California, United States
- Great Wall Seafood TX, LLC Subsidiary · Texas, United States
- Great Wall Seafood VA, LLC Subsidiary · Virginia, United States
- Han Feng, Inc. Subsidiary · North Carolina, United States
- Hayward Trucking, Inc. Subsidiary · California, United States
- HF Atlanta, LLC Subsidiary · Georgia, United States
- HF Group Holding Corp. Subsidiary · Delaware, United States
- and 18 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What HF Foods Group Inc. 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 |
|---|---|---|---|
| Finance-lease assets | $28.9M6 Dec 31, 2025 | $21.8M6 Dec 31, 2024 | +32.4% |
| Operating-lease assets (leased space) | $26.0M6 Dec 31, 2025 | $13.9M6 Dec 31, 2024 | +86.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Stakes in other companies (equity method) | $2.1M6 Dec 31, 2025 | $2.4M6 Dec 31, 2024 | −8.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $06 Dec 31, 2025 | $38.8M6 Dec 31, 2024 | −100.0% |
| Finite-lived intangibles, gross | $239.0M6 Dec 31, 2025 | $233.4M6 Dec 31, 2024 | +2.4% |
| Accumulated amortization | $87.5M6 Dec 31, 2025 | $71.8M6 Dec 31, 2024 | +21.9% |
| Finite-lived intangibles, net | $151.5M6 Dec 31, 2025 | $161.5M6 Dec 31, 2024 | −6.2% |
Inventory
Properties, in its own words
We operate sixteen distribution centers with a total of approximately 1.4 million square feet of warehouse space, including approximately 404,000 square feet of cold storage, for distribution, warehousing inventory, service and administrative functions. We own approximately 0.9 million square feet of our distribution centers (or 67% of the total square feet), and the remainder (or 33% of the total square feet) is occupied under leasing arrangements. The following table sets forth the approximate aggregate square footage by state for these distribution facilities as of December 31, 2025.
Location · Number of Facilities · Total Square Feet
The rest of Item 2
Arizona · 1 · 68,000
California · 4 · 355,000
Colorado · 1 · 56,000
Florida · 1 · 136,000
Georgia (a) · 1 · 182,000
Illinois · 1 · 140,000
North Carolina · 1 · 172,000
Texas · 2 · 60,000
Utah · 2 · 93,000
Virginia · 1 · 44,000
Washington · 1 · 70,000
Total · 16 · 1,376,000
(a) These figures do not include one facility located in Atlanta, GA that was being vacated due to the transition to a new location. The lease on the vacated facility expired as of December 31, 2025.
We also operate a 50,000 square foot specialty oil manufacturing and packaging facility in Kansas and four cross-docks which are located in California, Nevada, Ohio and Oregon. Additionally, we own a 118,000 square foot distribution facility in North Carolina which we are preparing for operations to commence in 2026.
We lease our corporate headquarters located in Las Vegas, Nevada, consisting of approximately 13,000 square feet with a term of 6.5 years that began on March 17, 2021. We also lease office space for a corporate location in Los Angeles, California.
On December 18, 2025, the Company officially opened its newest 182,000 square foot distribution center located outside Atlanta, in Powder Springs, Georgia. This brand-new facility includes warehouse, freezer, cooler, and office space and provides significant opportunities for expanding our existing operations in Atlanta and the surrounding cities and states. The Company plans to incorporate automated material handling and warehouse management technologies at the facility to support operating efficiency. The new distribution center will continue to service over 1,000 customers from HF Food’s previous Atlanta location and is now open to deliver more business throughout Georgia, Alabama, Mississippi, and Tennessee. The distribution center is located at 4795 Innovative Highway, Powder Springs, GA 30127, and currently employs over 50 individuals with plans to expand operations throughout 2026.
We believe that, in the aggregate, our real estate is suitable and adequate to serve the needs of our business.
Item 2 of the 10-K filed Mar 16, 2026.5
Leadership
Who has led HF Foods Group Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerXi Lin Jan 6, 2025 to now15
- Chief executive officerZhou Min Ni Aug 24, 2018 to Oct 13, 202016
- Chief executive officerRichard Xu Aug 8, 2017 to Aug 24, 201717
- PresidentXi Lin Apr 17, 2024 to now18
- PresidentChan Sin Wong Aug 24, 2018 to Aug 24, 201819
- PresidentTom Wei Su Aug 8, 2017 to Aug 24, 201720
- Chief financial officerPaul E. McGarry Oct 22, 2025 to now21
- Chief financial officerXi Lin Apr 17, 2024 to Apr 17, 202418
- Chief financial officerCindy Yao May 21, 2024 to Oct 22, 202522
- Chief financial officerKong Hian Lee Jul 13, 2021 to Jul 13, 202123
- Chief financial officerCaixuan Xu Apr 11, 2019 to Apr 11, 201924
- Chief financial officerJianming Ni Aug 24, 2018 to Aug 24, 201825
- Chief financial officerAmy He Aug 8, 2017 to Aug 24, 201726
- Chief operating officerXi Lin Sep 12, 2022 to Jun 7, 202427
Board members and other officers (18)
- Board memberTaylor S. Brown Jun 23, 2026 to now28
- Board memberDennis Lam Oct 22, 2025 to now29
- Board memberJeffery L. Taylor Oct 22, 2025 to now30
- Board memberRichard Diaz Oct 22, 2025 to now31
- Board memberCharlotte Westfall Aug 5, 2024 to Aug 8, 202432
- Board memberLisa C. Lim Aug 5, 2024 to Aug 8, 202433
- Board memberYujie Wang Aug 5, 2024 to Aug 8, 202434
- Board memberPrudence H. Chiang Jan 27, 2023 to Apr 18, 202335
- Board memberJose Maroto Aug 2, 2022 to Sep 6, 202236
- Board memberValerie Chase Dec 15, 2021 to Apr 18, 202337
- Board memberRussell T. Libby Jul 15, 2020 to Apr 18, 202338
- Board memberXi Lin Nov 14, 2019 to Jul 13, 202139
- Board memberChan Sin Wong Aug 24, 2018 to Aug 24, 201819
- Board memberZhehui Ni Aug 24, 2018 to Aug 24, 201840
- Board memberZhou Min Ni Aug 24, 2018 to Oct 13, 202016
- Board memberRen Hua Zheng Aug 8, 2017 to Sep 12, 201941
- Board memberRichard Xu Aug 8, 2017 to Aug 24, 201717
- Board memberWai Fun Cheng Aug 8, 2017 to Aug 24, 201742
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 273 Fifth Avenue, L.L.C. Delaware4
- A & Kie, LLC Arizona4
- American Fortune Foods, Inc. California4
- Asahi Food, Inc (ownership 49%) Colorado4
- B & L Trading, LLC Washington4
- B&B Trucking Services, Inc. Florida4
- B&R Global Holdings, Inc. Delaware4
- B&R Global Services, LLC Delaware4
- B&R Group Logistics Holding LLC Delaware4
- B&R Realty, LLC California4
- Big Sea Realty, LLC Washington4
- Capital Trading, LLC Utah4
- Chinesetg, Inc. New York4
- Fortune Liberty, LLC Utah4
- Fujian Hefeng Enterprise Management Co., Ltd 福建合丰企业管理有限公司 Fujian, China (Foreign)4
- GM Food Supplies, Inc. California4
- Genstar Realty, LLC California4
- Great Wall Seafood IL, LLC Illinois4
- Great Wall Seafood LA, LLC California4
- Great Wall Seafood TX, LLC Texas4
- Great Wall Seafood VA, LLC Virginia4
- HF Atlanta, LLC Georgia4
- HF Group Holding Corp. Delaware4
- Han Feng, Inc. North Carolina4
All 43 listed subsidiaries
- Hayward Trucking, Inc. California4
- KYL Group, Inc. Nevada4
- Kirnland Food Distribution, Inc. Georgia4
- Lenfa Food, LLC Colorado4
- Lucky Realty, LLC California4
- Min Food, Inc. (ownership 60.25%) California4
- Monterey Food Service, LLC (ownership 65%) California4
- Mountain Food, LLC Colorado4
- Murray Properties, LLC Utah4
- New Southern Food Distributors, Inc. Florida4
- Ocean West Food Services, LLC California4
- R & C Trading, LLC Arizona4
- R&N Charlotte, LLC North Carolina4
- R&N Holdings, LLC North Carolina4
- Rongcheng Trading, LLC California4
- Royal Service, Inc. Oregon4
- Sunflower 2.0 LLC Kansas4
- T&G Group, LLC California4
- Win Woo Trading, LLC California4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Oct 2, 20268-K Executive or director change43
- Sep 18, 20268-K Ended a material agreement; Regulation FD disclosure44
- Sep 3, 20268-K Completed an acquisition or sale; New debt or obligation; Other events45
- Aug 10, 20268-K Results of operations46
- Jul 31, 20268-K Entered a material agreement; New debt or obligation47
- Jul 23, 20268-K Entered a material agreement; Unregistered sale of shares; Other events48
- Jun 22, 20268-K Executive or director change; Regulation FD disclosure49
- Jun 12, 20268-K Regulation FD disclosure50
- Jun 12, 20268-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed51
- Jun 11, 20268-K Shareholder vote52
- May 11, 20268-K Results of operations53
- Apr 3, 20268-K Entered a material agreement; New debt or obligation54
- Jan 6, 2025New chief executive Xi Lin becomes CEO15
- Aug 24, 2018New chief executive Zhou Min Ni becomes CEO16
- Aug 8, 2017New chief executive Richard Xu becomes CEO17
- May 19, 2016Founded HF Foods Group Inc. is founded2
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.07 a share, on Nov 10, 2025.55
When it reported results
- Aug 10, 2026Reported quarterly or annual results46
- May 11, 2026Reported quarterly or annual results53
- Mar 16, 2026Reported quarterly or annual results56
- Nov 10, 2025Reported quarterly or annual results57
- Aug 11, 2025Reported quarterly or annual results58
- May 12, 2025Reported quarterly or annual results59
- Mar 13, 2025Reported quarterly or annual results60
- Nov 12, 2024Reported quarterly or annual results61
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
238 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 77 major events, 92 insider forms, 5 large holders, 44 other. The latest 20:
- Oct 2, 20268-K EDGAR
- Sep 18, 20268-K EDGAR
- Sep 3, 20268-K CURRENT REPORT EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Jul 31, 20268-K EDGAR
- Jul 23, 20268-K EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jun 24, 20264 EDGAR
- Jun 24, 20263/A EDGAR
- Jun 23, 20263 EDGAR
- Jun 22, 20268-K EDGAR
- Jun 12, 20268-A12B EDGAR
- Jun 12, 20268-K EDGAR
- Jun 12, 20268-K EDGAR
- Jun 11, 20268-K EDGAR
- Jun 5, 20264/A EDGAR
- Jun 5, 20264/A EDGAR
The 238 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.
Insider trades
24 open-market trades by officers, directors and large owners since October 2021: 24 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 19, 2026 | Lam DennisDirector | Buy | 100 | $1.76 | $176 | Form 4 |
| Mar 18, 2026 | Lam DennisDirector | Buy | 8,000 | $1.80 | $14.4K | Form 4 |
| Mar 18, 2026 | Chang ChristineChief Administrative Officer | Buy | 4,000 | $1.74 | $7.0K | Form 4 |
| Mar 18, 2026 | Lin XiPresident and CEO | Buy | 8,367 | $1.80 | $15.1K | Form 4 |
| Mar 18, 2026 | McGarry Paul ECFO | Buy | 2,500 | $1.76 | $4.4K | Form 4 |
| Nov 14, 2025 | Lam DennisDirector | Buy | 1,000 | $2.25 | $2.2K | Form 4 |
| Nov 13, 2025 | Lam DennisDirector | Buy | 1,000 | $2.25 | $2.2K | Form 4 |
| Nov 13, 2025 | Chang ChristineChief Administrative Officer | Buy | 2,000 | $2.28 | $4.6K | Form 4 |
| Nov 13, 2025 | Taylor Jeffery LDirector | Buy | 10,000 | $2.25 | $22.5K | Form 4 |
| Nov 12, 2025 | Lin XiPresident and CEO | Buy | 4,494 | $2.24 | $10.1K | Form 4 |
| Aug 12, 2025 | Chang ChristineChief Administrative Officer | Buy | 1,390 | $3.19 | $4.4K | Form 4 |
| Aug 12, 2025 | Lin XiPresident and CEO | Buy | 3,080 | $3.25 | $10.0K | Form 4 |
| May 14, 2025 | Lin XiPresident and CEO | Buy | 2,631 | $3.81 | $10.0K | Form 4 |
| Mar 19, 2025 | Yao CindyChief Financial Officer | Buy | 2,000 | $2.82 | $5.6K | Form 4 |
| Mar 18, 2025 | Lin XiPresident and CEO | Buy | 7,500 | $2.67 | $20.0K | Form 4 |
| Mar 17, 2025 | Chang ChristineChief Administrative Officer | Buy | 7,961 | $2.49 | $19.8K | Form 4 |
| Mar 17, 2025 | Lin XiPresident and CEO | Buy | 5,000 | $2.47 | $12.3K | Form 4 |
| Sep 8, 2023 | Zhang Xiao MouChief Executive Officer | Buy | 14,952 | $4.38 | $65.5K | Form 4 |
| Sep 7, 2023 | Zhang Xiao MouChief Executive Officer | Buy | 15,000 | $4.57 | $68.5K | Form 4 |
| Sep 6, 2023 | Zhang Xiao MouChief Executive Officer | Buy | 10,000 | $4.47 | $44.7K | Form 4 |
All 24 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
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.
- Zhou Min NiSCHEDULE 13D/A, 2 filings Dec 22, 2023 to May 26, 202662
- Xiao Mou ZhangSC 13D/A, 1 filing Jul 5, 202463
- Irrevocable Trust for Raymond NiSC 13D/A, 2 filings May 5, 2023 to May 15, 202364
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Xi “Felix” Lin | 37 | $675.0K | $3.1M65 |
| 2025 | Christine Chang | 43 | $375.0K | $1.1M65 |
| 2025 | Cindy Yao | $314.4K | $809.0K65 | |
| 2025 | Paul McGarry | 58 | $192.9K | $406.2K65 |
| 2024 | President and Chief Executive Officer, | $493.1K | $1.6M65 | |
| 2024 | General Counsel and Chief Compliance Officer | $375.0K | $1.1M65 | |
| 2024 | Former Chief Financial Officer | $252.4K | $1.1M65 | |
| 2023 | Former Chief Operating OfficerFormer Interim CFO, Former Interim CEO | $450.0K | $1.4M65 | |
| 2023 | General Counsel and Chief Compliance Officer | $346.2K | $984.8K65 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 60. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 1,749,074 | $2.5M | 0.0% | +70,399 |
| Zhang Financial LLC | 1,063,342 | $1.5M | 0.0% | No change |
| North Star Investment Management Corp. | 952,000 | $1.3M | 0.1% | +486,000 |
| BlackRock, Inc. | 643,499 | $907.3K | 0.0% | −1,902,986 |
| Russell Investments Group, Ltd. | 517,076 | $729.1K | 0.0% | +16,458 |
| Millennium Management LLC | 497,803 | $701.9K | 0.0% | New |
| Geode Capital Management, LLC | 492,847 | $695.3K | 0.0% | −497,859 |
| RBF Capital, LLC | 436,537 | $615.5K | 0.0% | New |
| Vanguard Fiduciary Trust Co | 260,308 | $367.0K | 0.0% | +12,380 |
| Goldman Sachs Group Inc | 209,520 | $295.4K | 0.0% | +99,991 |
| Morgan Stanley | 175,692 | $247.7K | 0.0% | −45,204 |
| State Street Corp | 159,956 | $225.5K | 0.0% | −642,068 |
| Jane Street Group, LLC | 159,745 | $225.2K | 0.0% | New |
| Susquehanna International Group, Llp | 145,765 | $205.5K | 0.0% | +126,834 |
| Bridgeway Capital Management, LLC | 129,321 | $182.3K | 0.0% | No change |
| Dimensional Fund Advisors LP | 121,498 | $171.6K | 0.0% | −10,870 |
| Renaissance Technologies LLC | 109,800 | $154.8K | 0.0% | −17,800 |
| Northern Trust Corp | 99,040 | $139.6K | 0.0% | −188,274 |
| Nuveen, LLC | 94,153 | $132.8K | 0.0% | −107,953 |
| Empowered Funds, LLC | 90,495 | $127.6K | 0.0% | No change |
| Aqr Capital Management LLC | 90,218 | $127.2K | 0.0% | +71,345 |
| Qube Research & Technologies Ltd | 76,005 | $107.2K | 0.0% | New |
| Point72 Asset Management, L.P. | 74,477 | $105.0K | 0.0% | New |
| American Century Companies Inc | 50,955 | $71.8K | 0.0% | No change |
| Rothschild Wealth LLC | 46,303 | $65.3K | 0.0% | −3,919 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How HF Foods Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHF Foods Group Inc.1
- CIK0001680873
- Employer ID (EIN)81-27178735
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)5140 Wholesale-Groceries & Related Products1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address6325 South Rainbow Boulevard, Suite 420, Las Vegas, NV 891181
- Phone888-905-09981
- Shares outstanding53,900,945 as of Aug 5, 202613
- Public float$143.6M as of Jun 30, 20255
- AuditorBDO USA, P.C., Troy, Michigan PCAOB ID 243; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceAug 2, 20161
- Filings421 in all: 8-K (114), 4 (92), 3 (34), 10-Q (28), CORRESP (21), UPLOAD (19), DEFA14A (11), 10-K (9)1
All 42 form types
SC 13G (9), DEF 14A (8), SC 13D/A (7), SC 13G/A (7), NT 10-Q (5), PRER14A (5), SC 13D (5), 8-K/A (4), EFFECT (4), 4/A (3), 8-A12B (3), NT 10-K (3), S-3 (3), 5 (2), 8-A12B/A (2), PRE 14A (2), S-1/A (2), S-3/A (2), S-8 (2), 25-NSE (1), 3/A (1), 424B1 (1), 424B4 (1), 424B5 (1), CERTNAS (1), DEFM14A (1), DFAN14A (1), DRS (1), DRS/A (1), DRSLTR (1), PREC14A (1), PREM14A (1), S-1 (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 16, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 24, 2026
Latest 8-K (8-K) Oct 2, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.0001 par value | HFFG | Nasdaq |
| Preferred Share Purchase Rights |
From the cover page of the 10-K filed Mar 16, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks HF Foods Group Inc. names in Item 1A of its 10-K filed Mar 16, 2026: 28 risks under these headings, as written.5
- Our industry is characterized by low margins, and periods of significant or prolonged inflation or deflation affect our product and operational costs, which may negatively impact our profitability.
- Changes to U.S. trade policy, tariff and import/export regulations may adversely affect our operating results.
- A shortage of qualified labor or an inability to attract, train or retain employees could negatively affect our business and materially reduce earnings.
- Unfavorable macroeconomic conditions in the U.S. may adversely affect our business, financial condition and results of operations.
- Competition may increase in the future, which may adversely impact our margins and ability to retain customers, and make it difficult to maintain our market share, growth rate and profitability.
- We may not be able to fully compensate for increases in fuel costs when fuel prices experience high volatility, and our operating results would be adversely affected.
- We rely on third-party suppliers, and our business may be affected by interruption of supplies or increases in product costs.
- Our relationships with customers may be materially diminished or terminated. The loss of customers could adversely affect our business, financial condition, and results of operations.
- We rely on technology in our business and any cybersecurity incident (including artificial intelligence (“AI”) -enabled threads), AI-related operational errors, other technology disruption or delay in implementing new technology could negatively affect our business and our relationships with customers.
- Changes in consumer eating habits could materially and adversely affect our business, financial condition, and results of operations.
- We engage in transactions with related parties and such transactions present possible conflicts of interest that could have an adverse effect on us.
- We may be unable to protect or maintain our intellectual property, which could result in customer confusion, a negative perception of our brand and adversely affect our business.
The other 16 risks
- If we are unable to renew or replace our current leases on favorable terms, or any of our current leases are terminated prior to expiration of their stated terms, and we cannot find suitable alternate locations, our operations and profitability could be negatively impacted.
- Turnover among our senior management, directors and other key personnel may create uncertainty and adversely affect our operations.
- Changes in and enforcement of immigration laws could increase our costs and adversely affect our ability to attract and retain qualified employees.
- Potential labor disputes with employees and increases in labor costs could adversely affect our business.
- If we fail to comply with requirements imposed by applicable law and other governmental regulations, we could become subject to lawsuits, investigations and other liabilities and restrictions on our operations that could significantly and adversely affect our business.
- If the products distributed by us are alleged to have caused injury or illness, or to have failed to comply with governmental regulations, we may need to recall our products and may experience product liability claims.
- Litigation may materially adversely affect our business, financial condition and results of operations.
- An increase in interest rates could adversely affect our cash flow and financial condition.
- Impairment charges for goodwill, amortizable intangible assets or other long-lived assets could adversely affect our financial condition and results of operation.
- Our continued growth depends on future acquisitions of other distributors or wholesalers and enlarging our customer base. The failure to achieve these goals could negatively impact our results of operations and financial condition.
- There is a scarcity of and competition for acquisition opportunities.
- Risks related to acquisition financing.
- We may experience difficulties in integrating the operations, personnel and assets of acquired businesses that may disrupt our business, dilute stockholder value and adversely affect our operating results.
- We have identified material weaknesses in our internal control over financial reporting, which could affect our ability to ensure timely and reliable financial reports, affect the ability of our auditors to attest to the effectiveness of our internal controls, and weaken investor confidence in our financial reporting.
- Zhou Min Ni has significant influence over the Company and may have interests that conflict with those of our other shareholders.
- Anti-takeover provisions contained in our amended and restated bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
Legal proceedings
From time to time, we are a party to various lawsuits, claims and other legal proceedings that arise in the ordinary course of business. When we become aware of a claim or potential claim, we assess the likelihood of any loss or exposure. In accordance with authoritative guidance, we record loss contingencies in our financial statements only for matters in which losses are probable and can be reasonably estimated. Where a range of loss can be reasonably estimated with no best estimate in the range, we record the minimum estimated liability. If the loss is not probable or the amount of the loss cannot be reasonably estimated, we disclose the nature of the specific claim if the likelihood of a potential loss is reasonably possible and the amount involved is material. We continuously assess the potential liability related to our pending litigation and revise its estimates when additional information becomes available. Adverse outcomes in some or all of these matters may result in significant monetary damages or injunctive relief against us that could adversely affect our ability to conduct our business. There also exists the possibility of a material adverse effect on our financial statements for the period in which the effect of an unfavorable outcome becomes probable and reasonably estimable. See Note 17 - Commitments and Contingencies for additional information.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 3
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- 6
- 7
- 8
- 9
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- 13
- 14
- 15SEC EDGARXi Lin, Chief executive officer
- 16SEC EDGARZhou Min Ni, Chief executive officer
- 17SEC EDGARRichard Xu, Chief executive officer
- 18SEC EDGARXi Lin, President
- 19SEC EDGARChan Sin Wong, President
- 20SEC EDGARTom Wei Su, President
- 21
- 22SEC EDGARCindy Yao, Chief financial officer
- 23
- 24SEC EDGARCaixuan Xu, Chief financial officer
- 25SEC EDGARJianming Ni, Chief financial officer
- 26SEC EDGARAmy He, Chief financial officer
- 27SEC EDGARXi Lin, Chief operating officer
- 28SEC EDGARTaylor S. Brown, Board member
- 29SEC EDGARDennis Lam, Board member
- 30SEC EDGARJeffery L. Taylor, Board member
- 31SEC EDGARRichard Diaz, Board member
- 32SEC EDGARCharlotte Westfall, Board member
- 33SEC EDGARLisa C. Lim, Board member
- 34SEC EDGARYujie Wang, Board member
- 35SEC EDGARPrudence H. Chiang, Board member
- 36SEC EDGARJose Maroto, Board member
- 37SEC EDGARValerie Chase, Board member
- 38SEC EDGARRussell T. Libby, Board member
- 39SEC EDGARXi Lin, Board member
- 40SEC EDGARZhehui Ni, Board member
- 41SEC EDGARRen Hua Zheng, Board member
- 42SEC EDGARWai Fun Cheng, Board member
- 43SEC EDGARExecutive or director change
- 44
- 45
- 46SEC EDGARResults of operations
- 47
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- 50SEC EDGARRegulation FD disclosure
- 51
- 52SEC EDGARShareholder vote
- 53SEC EDGARResults of operations
- 54
- 55NasdaqNasdaq calendar
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