CN Healthy Food Tech Group Corp., formerly known as Iron Horse Acquisition Corp., reported significant financial growth in its latest 10-K filing for the fiscal year ending December 31, 2025. The company generated total revenue of $27.8 million, a substantial increase of 144.6% compared to $11.3 million in 2024. This growth was attributed to a full year of operations following the merger with Rosy Sea Holdings Limited, which was completed on September 30, 2025. The company also reported a net income of $8.4 million, reflecting a 110.5% increase from the previous year's net income of $4.0 million.
The filing highlighted several strategic developments, including the establishment of a production base in Daqing City, Heilongjiang Province, which commenced operations in October 2025. This facility is expected to enhance the company's production capabilities and reduce reliance on external suppliers. The company has also focused on expanding its product offerings, which include health foods derived from natural grains, and has implemented a dual sales strategy that combines offline distribution through a network of over 10,000 specialty stores with online sales via e-commerce platforms.
Operationally, CN Healthy Food Tech Group has seen a marked increase in its customer base and engagement metrics. The company reported that offline dealer sales accounted for approximately 86.2% of total revenue, while online live-stream sales contributed 13.8%. The company has also made significant investments in marketing and promotional activities, which have been instrumental in driving sales growth. As of December 31, 2025, the company had a total of 52,234,983 shares of common stock outstanding.
Despite the positive financial performance, the company faces challenges, including a trading halt imposed by Nasdaq due to pending regulatory reviews by the China Securities Regulatory Commission (CSRC). This halt, which began on October 1, 2025, has raised concerns about the company's liquidity and ability to raise additional capital. The company has stated that it is actively working to resolve these issues and is in discussions with Nasdaq to clarify its listing status. Looking ahead, CN Healthy Food Tech Group aims to leverage its production capabilities and expand its market presence, with a goal of becoming a leader in the high-end health food sector.
About Iron Horse Acquisitions Corp.
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