Core Insights - High-Trend International Group reported significant revenue growth, with total revenue reaching $99.4 million for the first half of 2025, a 185.2% increase from $34.9 million in the same period of 2024 [2][4] - The ocean freight segment was a major contributor, with revenue soaring to $99.0 million, up 198.1% from $33.2 million year-on-year [2][4] - The company has also initiated a green shipping business, generating $0.4 million in revenue from consulting services related to ship exhaust gas capture technology [6] Financial Performance - Total revenue for the reporting period was $99.4 million, a substantial increase from $34.9 million in the same period of the previous year, marking a year-on-year growth of 185.2% [2][4] - Ocean freight revenue specifically increased to $99.0 million, reflecting a 198.1% rise from $33.2 million in the same period of 2024 [2][4] - Gross profit for the first half of 2025 was $4.0 million, up 63.1% year-on-year, despite revenue costs rising by 194.4% to $95.5 million [3][5] Cash Flow and Liquidity - Cash and cash equivalents as of April 30, 2025, reached $13.2 million, a 93.0% increase from the year ended October 31, 2024 [2][5] - Net cash flow from operating activities was $6.5 million, providing a solid foundation for further business expansion [3][5] Business Expansion and Strategy - The company expanded its ocean freight services by adding coal ocean freight, significantly increasing its operational capacity with voyage days rising from 953 to 3,420, a 258.9% increase [4] - The appointment of Christopher Nixon Cox as Chairman is expected to enhance the company's strategic direction, particularly in green low-carbon initiatives and financial innovation [8] Equity Incentives - The company issued 10,754,224 Class A ordinary shares to directors and consultants as part of an equity incentive program, valued at $24.3 million, to align interests and drive future business development [7]