Happiness Development Group Limited (HAPP) Income Statement Analysis

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Complete financial analysis of Happiness Development Group Limited (HAPP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Happiness Development Group Limited, a leading company in the Packaged Foods industry within the Consumer Defensive sector.

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Happiness Development Group Limited (HAPP)

Industry: Packaged Foods

Sector: Consumer Defensive

Website: https://www.happ.org.cn

About Happiness Development Group Limited

Happiness Development Group Limited engages in the research, development, manufacture, and sale of nutraceutical and dietary supplement products in the People's Republic of China and internationally. The company's product category includes lucidum spore powders, cordyceps mycelia, Ejiao products, American ginseng products, other traditional Chinese herbal and animal extracts, vitamins, minerals, and amino acids. It also offers product marketing and e-commerce agency operation services under the Happy Buy platform to small and middle size businesses; and e-commerce solutions, internet information, and advertising services to the online stores or manufactures. In addition, the company provides secure transaction environment, automobile procurement, and financial services for automobile manufacturers under the Taochejun automobile sales platform. It sells its products through distributors, large-scale chain drugstores, malls, and supermarkets under the Happiness brand. The company was formerly known as Happiness Biotech Group Limited and changed its name to Happiness Development Group Limited in October 2022. Happiness Development Group Limited was founded in 2004 and is headquartered in Nanping, the People's Republic of China.

Metric	2022	2021	2020	2019	2018	2017
Revenue	89.49M	71.48M	65.06M	63.94M	61.50M	53.00M
Cost of Revenue	85.78M	53.31M	34.64M	31.69M	32.14M	27.18M
Gross Profit	3.71M	18.18M	30.42M	32.25M	29.35M	25.82M
Gross Profit Ratio	4.15%	25.43%	46.75%	50.44%	47.73%	48.71%
Research & Development	1.68M	1.66M	2.36M	2.16M	1.86M	1.66M
General & Administrative	9.13M	5.03M	3.48M	8.24M	1.44M	1.37M
Selling & Marketing	40.48M	9.96M	9.18M	6.29M	5.82M	5.59M
SG&A	49.60M	14.99M	12.66M	8.24M	7.25M	6.96M
Other Expenses	117.09K	105.52K	156.56K	-5.00	0.00	0.00
Operating Expenses	51.29M	16.65M	15.02M	10.40M	9.11M	8.61M
Cost & Expenses	137.06M	69.96M	49.66M	42.09M	41.25M	35.79M
Interest Income	108.40K	131.90K	74.93K	42.04K	18.71K	11.62K
Interest Expense	85.99K	111.80K	98.09K	-41.51K	133.28K	493.73K
Depreciation & Amortization	2.41M	1.12M	922.24K	699.54K	137.17K	142.97K
EBITDA	-45.16M	2.64M	16.32M	22.56M	20.63M	17.66M
EBITDA Ratio	-50.47%	3.70%	25.09%	35.29%	33.55%	33.32%
Operating Income	-47.58M	1.53M	15.40M	21.84M	20.24M	17.21M
Operating Income Ratio	-53.16%	2.13%	23.67%	34.16%	32.91%	32.47%
Total Other Income/Expenses	-10.17M	125.62K	133.41K	62.26K	120.85K	-184.67K
Income Before Tax	-57.75M	1.65M	15.53M	21.91M	20.36M	17.02M
Income Before Tax Ratio	-64.53%	2.31%	23.87%	34.26%	33.11%	32.12%
Income Tax Expense	-3.73M	959.38K	2.84M	3.18M	2.87M	2.50M
Net Income	-54.02M	691.96K	12.69M	18.72M	17.49M	14.52M
Net Income Ratio	-60.37%	0.97%	19.50%	29.28%	28.44%	27.39%
EPS	-26.69	0.60	10.60	14.98	13.99	11.61
EPS Diluted	-26.69	0.60	10.60	14.98	13.99	11.61
Weighted Avg Shares Out	2.02M	1.31M	1.19M	1.25M	1.25M	1.25M
Weighted Avg Shares Out (Dil)	2.02M	1.31M	1.19M	1.25M	1.25M	1.25M

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HAPP Stock Soars 38% as Happiness Development Embraces EVs

May 25, 2022investorplace.com

Happiness Development (HAPP) stock is charging higher on Wednesday after the Chinese nutrition company announced plans to develop EVs. The post HAPP Stock Soars 38% as Happiness Development Embraces EVs appeared first on InvestorPlace.

Happiness Biotech Enters $14M Electric Vehicle Transaction With Ruili

September 23, 2021benzinga.com

Happiness Biotech Group Ltd (NASDAQ: HAPP) announced that Taochejun (Fujian) Automobile Distribution Co Ltd and its subsidiary had signed agreements with Guang'an Ruili Trading Co Ltd (Ruili) to purchase 1350 of the model Bestune B30 EV 400. The value of the order is about $14.7 million.

Happiness Biotech Announced Another Electric Vehicle Transaction of Over $14 Million With Ruili

September 23, 2021prnewswire.com

NANPING, China, Sept. 23, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), a China-based company engaging in the business of production of nutraceutical and dietary supplements, providing e-commerce solutions, and the sales of automobile, today announced...

Happiness Biotech Announced The Launch of Its Lucidum Tablets on DouYin Mall

September 10, 2021prnewswire.com

NANPING, China, Sept. 10, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer and e-commerce services provider, today announced one of its nutraceutical products - Lucidum Tablets, have been...

Happiness Biotech Announces $2.16 Million Registered Direct Offering To Strategic Investors

June 25, 2021prnewswire.com

NANPING, China, June 25, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, announced today that it has entered into a securities purchase agreement with certain non-U.S. strategic investors...

Happiness Biotech Launched Beta Version Of Happy Buy International, Promoting Cross-border E-Commerce SaaS Services

June 18, 2021prnewswire.com

NANPING, China, June 18, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer and e-commerce services provider, announced today that the Company launched the beta version of official site...

Happiness Biotech Signed Agreement To Distribute Volkswagen Electric Vehicles

June 14, 2021prnewswire.com

NANPING, China, June 14, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer and e-commerce services provider, announced today that Taochejun (Fujian) Automobile Distribution Co., Ltd. ("Taochejun"), a subsidiary of...