HTCO on Nasdaq
High-Trend International Group
Deep Sea Foreign Transportation of Freight company, active since 2022. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
Compare with DIANA SHIPPING INC., SEACOR Marine Holdings Inc. or Euroseas, or pick any stock.
- TickerHTCO on Nasdaq2
- IndustryDeep Sea Foreign Transportation of Freight2
- HeadquartersSingapore, Singapore2
- Incorporated inCayman Islands4
- Business address60 Paya Lebar Road, #06-17 Paya Lebar Square, Singapore4
- Filer categoryNon-accelerated filer, Emerging growth company4
- Legal formcompany limited by shares2
- LEI254900UN1T22NVM40M302
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O Maples Corporate Services Limited, KY1-1104 George Town, Cayman Islands2
- Registered withGeneral Registry, MC-3878322
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2021, SGEX acquired a 90% interest in Topsheen Shipping Group Corporation (“TSGC”), a company incorporated in Samoa in 2012.5 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
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue97¢$207.6M
- Other costs3¢$6.8M
- Income tax0¢$9.1K
Out of $214.4M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending0¢$5.1K
- Kept or used elsewhere100¢$4.6M
Out of $4.6M of cash from operations.3
Financial statements
No quarterly figures reported.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $78.4M6 | $122.0M7 | $185.3M8 | $95.3M3 | $108.2M3 | $214.4M3 | |
| Cost of revenue | $82.3M6 | $109.0M7 | $158.5M8 | $107.1M3 | $100.1M3 | $207.6M3 | |
| Gross profit | -$3.9M6 | $13.0M7 | $26.8M8 | -$11.9M3 | $8.1M3 | $6.8M3 | |
| Operating expenses | $2.5M7 | $3.3M8 | $3.7M3 | $5.8M3 | $26.7M3 | ||
| Operating income | -$5.7M6 | $10.5M7 | $23.6M8 | -$15.6M3 | $2.3M3 | -$19.9M3 | |
| Interest | $60.3K6 | $122.4K7 | $101.9K7 | $112.0K7 | |||
| Income before tax | $10.3M7 | $23.6M8 | -$15.8M3 | -$21.2M3 | -$20.1M3 | ||
| Income tax | $2.4K6 | $2.1K7 | $11.2K8 | $2.5K3 | $4.1K3 | $9.1K3 | |
| Net income | -$3.2M6 | $5.3M7 | $12.2M8 | -$9.3M3 | -$23.6M3 | -$21.5M3 | |
| Earnings per share | -$0.066 | $0.117 | $0.248 | -$4.453 | -$10.023 | -$4.183 | |
| Earnings per share (diluted) | -$0.066 | $0.117 | $0.248 | -$4.453 | -$10.023 | -$4.183 | |
| Shares (weighted, basic) | 50.0M shares7 | 50.0M shares8 | 2.1M shares3 | 2.4M shares3 | 5.5M shares3 | ||
| Shares (weighted, diluted) | 50.0M shares7 | 50.0M shares8 | 2.1M shares3 | 2.4M shares3 | 5.5M shares3 |
No quarterly figures reported.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $2.4M6 | $8.1M7 | $10.4M6 | $2.5M7 | $2.2M8 | $6.9M3 | $10.1M3 |
| Receivables | $7.8M6 | $4.0M7 | $983.8K8 | $7.6M3 | $8.7M3 | ||
| Current assets | $26.1M6 | $33.4M7 | $6.8M8 | $25.9M3 | $30.3M3 | ||
| Property, plant and equipment | $123.8K6 | $604.1K7 | $561.9K8 | $2013 | $4.8K3 | ||
| Total assets | $27.2M6 | $35.6M7 | $8.4M8 | $29.2M3 | $32.4M3 | ||
| Accounts payable | $488.4K6 | $750.5K7 | $261.1K8 | $731.0K3 | $1.1M3 | ||
| Short-term debt | $899.6K6 | $880.6K7 | $937.5K8 | $580.1K3 | |||
| Current liabilities | $20.4M6 | $23.2M7 | $14.1M8 | $19.6M3 | $19.7M3 | ||
| Long-term debt | $3.4M6 | $2.4M7 | $1.5M8 | $916.9K8 | |||
| Total liabilities | $23.8M6 | $25.5M7 | $15.7M8 | $20.5M3 | $19.8M3 | ||
| Retained earnings | $433.8K6 | $4.4M7 | -$5.0M8 | -$28.6M3 | -$51.4M3 | ||
| Shareholders’ equity | -$895.3K6 | -$6.7M7 | $583.9K6 | $4.5M7 | -$5.4M8 | $5.4M3 | $7.9M3 |
| Shares outstanding | 50.0M shares6 | 50.0M shares6 | 52.8M shares7 | 117.9M shares8 | 6.6M shares9 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $1.1M6 | $632.5K7 | $33.1M8 | -$17.8M3 | -$3.3M3 | $4.6M3 | |
| Depreciation and amortization | $40.1K7 | $42.0K8 | $42.2K8 | $22.2K8 | |||
| Stock-based compensation | $1.2M3 | $21.9M3 | |||||
| Capital spending | $1.6K6 | $5.1K3 | |||||
| Free cash flow | $1.1M | $4.6M | |||||
| Cash from investing | $300.0K7 | -$5.1K3 | |||||
| Dividends paid | $17.0M8 | $902.0K3 | |||||
| Cash from financing | $1.3M7 | -$21.9M8 | -$1.6M3 | $8.0M3 | -$1.3M3 |
Leadership
Who has led High-Trend International Group, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerShi'Xuan He Mar 23, 2026 to now10
- Chief financial officerZi Xia Apr 29, 2026 to now11
Board members and other officers (8)
- Chief Capital Markets OfficerShahryar N/a Oveissi Apr 2, 2026 to now12
- Board memberJinyu Chang Mar 4, 2026 to now13
- Board memberBrian Bin Su Mar 17, 2026 to now14
- Board memberChristopher Renn Mar 23, 2026 to now15
- Board memberShi'Xuan He Mar 23, 2026 to now10
- Board memberMen Leong Chew Mar 24, 2026 to now16
- Board memberZi Xia Apr 29, 2026 to now11
- General counselBo Cui Mar 16, 2026 to now17
Former names
- Caravelle International GroupMay 13, 2022 to Jan 16, 20254
Timeline
Filings
121 filings to the SEC since October 2021: 6 annual reports, 9 insider forms, 15 large holders, 91 other. The latest 20:
- Aug 24, 2026144 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Jul 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 19, 2026SCHEDULE 13G EDGAR
- May 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 14, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
- May 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 29, 2026SCHEDULE 13G/A EDGAR
- Apr 29, 20263 EDGAR
- Apr 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 6, 202620-F/A AMENDMENT NO. 1 TO FORM 20-F EDGAR
- Apr 2, 20263 EDGAR
- Mar 24, 20263 EDGAR
- Mar 23, 20263 EDGAR
- Mar 23, 20263 EDGAR
- Mar 17, 20263 EDGAR
- Mar 16, 20263 EDGAR
- Mar 16, 20263 EDGAR
The 121 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.
- CVI Investments, Inc.SCHEDULE 13G/A, 2 filings May 19, 2026 to Aug 14, 202618
- Streeterville Capital LLCSCHEDULE 13G/A, 2 filings Nov 7, 2025 to Apr 29, 202619
- Jinyu ChangSCHEDULE 13D/A, 4 filings Jul 18, 2024 to Apr 25, 202520
- Dong ZhangSCHEDULE 13G/A, 2 filings Nov 7, 2023 to Mar 21, 202521
- Guohua ZhangSC 13D/A, 3 filings Oct 18, 2023 to Jul 15, 202422
- MMCAP International Inc. SPCSC 13G/A, 1 filing Feb 14, 202323
- Polar Asset Management Partners Inc.SC 13G/A, 1 filing Feb 13, 202324
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
- 10SEC EDGARShi'Xuan He, Chief executive officer
- 11SEC EDGARZi Xia, Chief financial officer
- 12
- 13SEC EDGARJinyu Chang, Board member
- 14SEC EDGARBrian Bin Su, Board member
- 15SEC EDGARChristopher Renn, Board member
- 16SEC EDGARMen Leong Chew, Board member
- 17SEC EDGARBo Cui, General counsel
- 18
- 19
- 20
- 21
- 22
- 23
- 24