- For the six months ended June 30, 2025, Huachen AI reported **revenue of $8,145,257**, a **73% decrease** compared to the prior year, while its **gross profit margin increased to 32%** from 13%.  **[1958399_0001213900-25-089570_ea025783201ex99-2_huachen.htm:5]**  The company also reported a **net income of $1,247,760** for the period.  **[1958399_0001213900-25-089570_ea025783201ex99-2_huachen.htm:11]** 
- As of June 30, 2025, the company had **cash and cash equivalents of $47,495** and **working capital of $29.47 million**.  **[1958399_0001213900-25-089570_ea025783201ex99-2_huachen.htm:11]**  Net cash used in operating activities for the six months ended June 30, 2025, was **($5,451,079)**.  **[1958399_0001213900-25-089570_ea025783201ex99-2_huachen.htm:11]** 
- On August 4, 2025, Huachen AI received a Nasdaq notification for **non-compliance with the minimum bid price requirement** (below $1.00) and has until **February 2, 2026**, to regain compliance.  **[1958399_0001213900-25-089570_ea025783201ex99-2_huachen.htm:3]** 
- The company entered a **non-binding cooperative agreement** on June 30, 2025, to develop two-wheeled e-charging stations.  **[1958399_0001213900-25-089570_ea025783201ex99-2_huachen.htm:3]**  Additionally, on May 20, 2025, the company re-designated its ordinary shares into Class A and Class B shares, issuing **16,000,000 Class B Ordinary Shares**, and completed an IPO in February/March 2025, raising **$713,500 in net proceeds** from the over-allotment option.  **[1958399_0001213900-25-089570_ea025783201ex99-2_huachen.htm:3]** **[1958399_0001213900-25-089570_ea025783201ex99-1_huachen.htm:22]**

Huachen AI Parking Management Technology (HCAI)