Core Viewpoint - HCAI's stock price increased by 4.4% on August 11, reaching $0.7 per share, with a total market capitalization of $23.6078 million [1] Financial Performance - As of December 31, 2024, HCAI reported total revenue of $40.9448 million, representing a year-on-year growth of 19.45% [1] - The company's net profit attributable to shareholders was $1.4955 million, showing a year-on-year decrease of 17.87% [1] Company Overview - HCAI is a comprehensive provider of intelligent parking solutions and equipment components, operating through its subsidiaries in China [1] - The subsidiary offers customized parking solutions aimed at optimizing efficiency in limited parking spaces, including the design, manufacturing, sales, installation, and maintenance of intelligent multi-story parking systems [1] - The company employs various working principles such as lifting and shifting, vertical circulation, and horizontal movement to produce a range of multi-story parking products [1] - HCAI's clients include government departments, hospitals, property management companies, real estate firms, and residential communities that have parking facilities [1] - The intelligent parking systems provided by HCAI address the parking challenges faced by rapidly developing urban areas in China [1]

Core Insights - HCAI's stock opened at $0.75 per share, reflecting a 2.74% increase, with a total market capitalization of $25.30 million [1] - For the fiscal year ending December 31, 2024, HCAI reported total revenue of $40.94 million, representing a year-over-year growth of 19.45%, while net profit attributable to shareholders was $1.50 million, a decrease of 17.87% compared to the previous year [1] Company Overview - HCAI is a comprehensive provider of intelligent parking solutions and structural components, operating through its subsidiaries in China [1] - The company offers customized parking solutions aimed at optimizing efficiency in limited parking spaces, including the design, manufacturing, sales, installation, and maintenance of intelligent multi-story parking systems [1] - HCAI's parking solutions cater to various clients, including government departments, hospitals, property management companies, real estate firms, and residential communities, addressing the parking challenges in rapidly developing urban areas in China [1]

Core Viewpoint - Huachen AI Parking Management Technology Holding Co., Ltd. has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement, as the company's share price has been below $1.00 for the last 30 consecutive business days [1][2]. Compliance and Listing Status - The company has been granted a compliance period of 180 calendar days, until February 2, 2026, to regain compliance with Nasdaq's minimum bid price requirement [3]. - If the company's share price reaches at least $1.00 for a minimum of 10 consecutive business days during this compliance period, Nasdaq will confirm compliance and close the matter [3]. - Should the company fail to regain compliance by the deadline, it may be eligible for an additional 180-day period, provided it meets other listing requirements and notifies Nasdaq of its intention to cure the deficiency [4]. Company Actions and Commitment - The company is actively monitoring its share price and considering all available options to regain compliance with Nasdaq's requirements [5]. - The company remains committed to delivering value to its shareholders and maintaining its listing on Nasdaq [5]. Company Overview - Huachen AI Parking Management Technology Holding Co., Ltd. is a provider of smart-parking systems and precision structural parts, offering tailored solutions such as space-saving cubic parking garages and custom steel components [6].

Group 1 - The core viewpoint of the article highlights the financial performance and market position of Huacheng Technology (HCAI), noting a revenue increase but a decline in net profit [1] - As of August 5, HCAI's stock price rose by 3.83% to $0.759 per share, with a total market capitalization of $25.6082 million [1] - Financial data indicates that for the year ending December 31, 2024, HCAI's total revenue is projected to be $40.9448 million, representing a year-on-year growth of 19.45%, while net profit attributable to shareholders is expected to be $1.4955 million, a decrease of 17.87% year-on-year [1] Group 2 - Huacheng Technology is a comprehensive provider of intelligent parking solutions and equipment, operating through its subsidiaries in China [1] - The company's subsidiaries offer customized parking solutions aimed at optimizing efficiency in limited parking spaces, including the design, manufacturing, sales, installation, and maintenance of multi-story parking systems [1] - The clientele for Huacheng's parking solutions includes government departments, hospitals, property management companies, real estate firms, public institutions, and residential communities, addressing the parking challenges in rapidly developing urban areas in China [1]

Core Insights - HCAI's stock opened at $0.787, up 2.7%, with a market capitalization of $26.56 million as of July 31 [1] - The company reported total revenue of $40.94 million for the year ending December 31, 2024, representing a year-on-year growth of 19.45%, while net profit attributable to shareholders decreased by 17.87% to $1.50 million [1] Company Overview - HCAI is a comprehensive provider of intelligent parking solutions and equipment components, operating through its subsidiaries in China [1] - The company's subsidiaries offer customized parking solutions aimed at optimizing efficiency in limited parking spaces, including the design, manufacturing, sales, installation, and maintenance of multi-story parking systems [1] - HCAI's parking solutions cater to various clients, including government departments, hospitals, property management companies, real estate firms, and residential communities, addressing the parking challenges in rapidly developing urban areas in China [1]

Core Insights - HCAI's stock increased by 2.27% on July 30, closing at $0.784 per share with a total market capitalization of $26.44 million [1] - For the fiscal year ending December 31, 2024, HCAI reported total revenue of $40.94 million, reflecting a year-over-year growth of 19.45%, while net profit attributable to shareholders decreased by 17.87% to $1.50 million [1] Company Overview - HCAI is a comprehensive provider of intelligent parking solutions and equipment components, operating through its subsidiaries in China [1] - The company's subsidiaries offer customized parking solutions aimed at optimizing efficiency in limited parking spaces, including the design, manufacturing, sales, installation, and maintenance of intelligent multi-story parking systems [1] - HCAI's parking solutions cater to various clients, including government departments, hospitals, property management companies, real estate firms, public institutions, and residential communities [1] Industry Context - The intelligent parking systems developed by HCAI address the challenges of urban parking in rapidly developing Chinese cities, leveraging its production qualifications and market share [1]

Core Viewpoint - The Company has entered into a non-binding cooperative agreement with Hangzhou Qianhui to develop and operate two-wheeled e-charging stations, aiming to meet the growing demand for efficient charging solutions in urban transportation systems [1][3][8] Background and Objectives of the Cooperative Relationship - The cooperative relationship aligns with Hangzhou Qianhui's three-year strategic development plan for its two-wheeled e-charging business, leveraging its technologies, operational expertise, and market resources [2] - The primary objective is to establish a larger-scale operation of two-wheeled e-charging stations to enhance urban transportation [3] Scope of the Cooperative Relationship - The Company will provide financial support through initial capital and phased investments based on business progress, while assisting in cooperation with local governments and optimizing the supply chain [4] - Hangzhou Qianhui will manage the business operations, including procurement and construction of e-charging stations, and ensure the stability of the charging platform [5] Business Model and Revenue Sharing - The relationship delineates responsibilities, with the Company providing financial resources and Hangzhou Qianhui handling technological and operational aspects [6] - Revenue distribution will be based on actual performance and equity ratios, allowing both parties to share in the net profits generated [7] Commitment to Innovation and Growth - This partnership represents a significant step towards innovation and growth in urban transportation, aiming to create a sustainable e-charging infrastructure that benefits consumers and the environment [8] Company Overview - Huachen AI Parking Management Technology Holding Co., Ltd is a Cayman Islands holding company that consolidates the financial results of its subsidiaries, focusing on smart parking solutions and equipment [10] - The Company provides customized parking solutions, including smart cubic parking garage design and various parking equipment manufacturing [10] About Hangzhou Qianhui Electric Technology Co., Ltd - Hangzhou Qianhui, established in August 2024, specializes in new energy technology, electric charging pile operations, and IoT technology research and development [11]

Financial Dependence and Regulations - The company relies on dividends from its PRC subsidiaries to fund cash and financing requirements, including dividends to shareholders and servicing debt[25]. - The company has not transferred any earnings or cash to date between the holding company and its subsidiaries, and no dividends have been paid to shareholders[64]. - Current PRC regulations allow dividends to be paid only from accumulated profits, with a minimum of 10% of net income after taxes required to be set aside as statutory surplus reserves[67]. - The company intends to use earnings for research and development and does not expect to pay cash dividends in the foreseeable future[64]. - The company relies on dividends from its subsidiaries for working capital and cash needs, which may be restricted by debt instruments governing those subsidiaries[59]. - Huachen Cayman relies on dividends from its subsidiaries for cash needs, and any limitations on these payments could restrict its ability to cover expenses or pay dividends to shareholders[81]. - A withholding tax rate of up to 10% may apply to dividends paid by Chinese companies to non-PRC resident enterprises, impacting the company's ability to distribute dividends[91]. - The PRC government imposes a 10% withholding tax on dividends payable by Chinese companies to non-PRC-resident enterprises, which could limit the company's ability to pay dividends to its parent company[120]. Regulatory Environment and Compliance - Recent regulatory actions in China include enhanced supervision over China-based companies listed overseas and new measures for cybersecurity reviews[46]. - The PRC Data Security Law, effective September 1, 2021, mandates legitimate data collection and processing based on a classification and protection system[47]. - The PRC Personal Information Protection Law, effective November 1, 2021, applies to processing personal information of individuals within China, even if conducted outside China[50]. - The company’s auditor, Audit Alliance LLP, is headquartered in Singapore and is subject to PCAOB inspections, which is crucial for compliance with U.S. regulations[45]. - The HFCA Act requires the SEC to prohibit trading of a company's shares if its auditor has not been inspected by PCAOB for two consecutive years[41]. - The PCAOB has determined it can now secure complete access to inspect audit firms in mainland China and Hong Kong, which is essential for compliance with U.S. law[44]. - The company must comply with new cybersecurity review measures if it processes data that may affect national security and has over one million users' personal information[51]. - The China Securities Regulatory Commission (CSRC) introduced the Trial Administrative Measures for overseas securities offerings, effective March 31, 2023, requiring domestic companies to complete filing procedures within three working days of submission[52]. - The company believes it is not required to obtain additional approvals from the CSRC for listing on U.S. exchanges, as its PRC subsidiary is a wholly foreign-owned enterprise[53]. - There is uncertainty regarding the interpretation of the M&A Rule, which may affect the company's ability to conduct overseas offerings and could lead to regulatory actions or sanctions[54]. - The PRC regulatory authority has increased scrutiny over companies listed overseas, impacting operations and potentially leading to fines or restrictions[55]. - The company is required to complete filing procedures with the CSRC for its overseas listing, with approval received on February 5, 2024, for its initial public offering scheduled to close on February 6, 2025[114]. - The PRC government has introduced new regulations that may impose stricter compliance obligations on data handlers, effective January 1, 2025, including annual data security assessments and governmental approval for cross-border data transfers[110]. - The PRC legal system's uncertainties may impede the company's ability to enforce contracts and could materially affect its business and financial performance[105]. - The company has obtained all material permissions and approvals required for its operations in compliance with relevant PRC laws and regulations[112]. - The PRC government may intervene in the company's operations or impose restrictions on foreign investments, which could adversely affect its ability to raise capital[116]. - The company is subject to potential penalties and operational disruptions if it fails to comply with evolving regulatory requirements in China[110]. - The recent HFCAA legislation may restrict the company's shares from being traded in the U.S. if its auditors are not inspected by the PCAOB for three consecutive years[122]. - The SEC adopted interim final rules for the HFCAA, requiring compliance from companies identified as having a "non-inspection" year[123]. - The Senate passed the Accelerating Holding Foreign Companies Accountable Act, reducing the non-inspection years from three to two, potentially leading to earlier trading prohibitions[125]. - The PCAOB reported it cannot fully inspect firms in mainland China or Hong Kong, impacting foreign issuers and potentially leading to delisting[126]. - The PCAOB secured access to inspect registered public accounting firms in China, but future access remains uncertain, which could affect trading of securities[127]. - The PRC regulatory environment regarding data security is evolving, with new laws potentially impacting compliance and business operations[131]. - The New Measures require cybersecurity reviews for companies with over one million users intending to list abroad, but the company currently has less than one million users[132]. - Uncertainties in PRC regulatory requirements may lead to operational disruptions or penalties if compliance is not maintained[134]. Operational Risks and Market Conditions - The company’s operations and revenue are entirely based in China, making it vulnerable to economic downturns in the region[137]. - The company is exposed to risks from international trade disputes, which could harm customer confidence and limit business opportunities[144]. - The relationship between the PRC and the U.S. remains uncertain, affecting trade policies and potentially leading to economic repercussions[145]. - The company faces intense competition in the cubic parking garage manufacturing industry, which could lead to loss of market share if not managed effectively[191]. - Increased competition and lower entry barriers in the parking industry may lead to market disruption and reduced profitability[194]. - The company is investing in technology development, including smart parking solutions, but future success is uncertain[196]. - The company anticipates fluctuations in financial results due to various factors, including demand for smart parking solutions and operating expenses[201]. - The brand strength and reputation are critical for the company's success, with potential negative publicity posing risks to consumer trust[204]. - The company may face challenges in recruiting and retaining skilled employees, which is essential for its growth and operational success[200]. - The company’s cubic parking equipment requires specific conditions for installation, and failure to meet these could delay project finalization and revenue[190]. - The company faces potential reputational harm and adverse effects on business due to regulatory actions, legal proceedings, and customer complaints[207]. - The company is susceptible to fluctuations in currency exchange rates, market values of portfolio investments, and changes in effective tax rates[208]. - The operating subsidiaries rely heavily on the smart parking industry, making them vulnerable to market conditions and economic factors affecting consumer spending[213][214]. Financial Management and Internal Controls - Material weaknesses in internal controls over financial reporting have been identified, necessitating remedial measures to improve compliance and governance[218][219]. - The company plans to hire qualified accounting personnel and implement training programs to strengthen financial reporting functions[221]. - The company may face civil complaints and regulatory actions related to labor and social insurance, with potential fines for non-compliance[150]. - The heightened scrutiny over acquisition transactions by PRC tax authorities may negatively impact the company's business operations and acquisition strategy[157]. - The company may struggle to protect its intellectual property effectively, leading to potential litigation costs and resource diversion[211]. - Strategic alliances and acquisitions may not yield expected benefits and could expose the company to risks associated with sharing proprietary information[215]. - The company may face challenges in raising additional capital on favorable terms, which could limit its ability to fund operations and respond to competitive pressures[217]. - The company is subject to the U.S. Foreign Corrupt Practices Act and Chinese anti-corruption laws, which could result in severe penalties if violated[181]. - Existing safeguards against corruption may prove ineffective, potentially leading to liabilities that could negatively affect the company's financial condition[182]. - Raw material costs accounted for 77%, 74%, and 60% of total revenue costs for the years ended December 31, 2024, 2023, and 2022, respectively[183]. - The company is exposed to risks from fluctuations in raw material prices, which could adversely affect margins and financial condition[183]. - The company relies on timely supply of high-strength steel and other materials, with potential disruptions from natural disasters or supply chain issues impacting production[184]. - Labor costs in China are expected to continue increasing, which may adversely impact the company's operations if these costs cannot be passed on to buyers[180]. - The PRC tax authorities may adjust capital gains and impose tax return filing obligations, impacting the value of investments in the company[163]. - Capital contributions to PRC subsidiaries require approval from MOFCOM, and failure to obtain timely approvals may negatively impact the company's liquidity and ability to expand[167]. - The process for remitting proceeds from future offerings to China may take up to six months, and any loans to PRC subsidiaries must comply with statutory limits and be registered with SAFE[165]. - SAFE Circular 19 allows foreign-invested enterprises to settle foreign exchange capital at their discretion, but prohibits using RMB converted from foreign exchange capital for expenditures beyond business scopes[168]. - The Anti-Monopoly Law requires notification to MOFCOM for mergers and acquisitions involving specified turnover thresholds, which may complicate growth through acquisitions in China[169]. - If classified as a PRC resident enterprise, the company could face a 25% enterprise income tax on global income and a 10% withholding tax on dividends paid to non-resident shareholders[172]. - The company may be subject to tax implications under SAT Bulletin 7 for indirect transfers of equity interests in PRC resident enterprises, which could affect financial condition[174].

As filed with the U.S. Securities and Exchange Commission on January 23, 2025. Registration No. 333-281543 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Huachen AI Parking Management Technology Holding Co., Ltd (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 3990 Not Applicable (State or other jurisdiction of incorp ...

As filed with the U.S. Securities and Exchange Commission on December 30, 2024. Registration No. 333-281543 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Huachen AI Parking Management Technology Holding Co., Ltd (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 3990 Not Applicable (State or other jurisdiction of incor ...