E-commerce service provider Hsin Hsin Galaxy (HHG) reported consolidated revenue of NT$1.32 billion (approx. US$42.5 million) in the third quarter of 2025, up 23.97% year-over-year, and a net income of NT$17 million, up 415% from the same period last year.
For the first three quarters of 2025, HHG's cumulative consolidated revenue reached NT$890 million, a 22.59% year-over-year increase, while the net income rose 38.21% year-over-year to NT$70 million. October revenue hit NT$490 million, growing 28.34% year-over-year, and the accumulated revenue for the first 10 months totaled NT$4.38 billion, both setting new historical records for the same period.
HHG pointed out that compared with the same period in 2024, revenue and profit for the first three quarters of 2025 showed double-digit year-over-year growth. This indicates that the key investments made in 2024 in expanding new brand customers and scaling operations, such as warehousing, manpower, and equipment, have gradually translated into tangible profits, steadily improving overall operational efficiency. To date, the company has achieved nine consecutive months of double-digit year-over-year revenue growth, demonstrating solid growth momentum.
In terms of profitability, ongoing investments in servicing new customers and inventory buildup for the Singles' Day shopping festival starting in the third quarter increased operating costs, causing the overall net income growth to lag slightly behind revenue growth. However, gross profit continued to climb steadily.
HHG general manager Vince Huang stated that both the company and its brand customers increased their investment for this year's Singles' Day period compared to previous years, driving performance growth compared with the same period in 2024. Additionally, e-commerce platforms have notably advanced and extended promotional events beyond single-day heavy discounts to longer warm-up campaigns. This is expected to generate sustained revenue benefits and fuel the company's momentum for steady quarterly growth.
On the logistics and delivery front, as revenue continues to grow, HHG has simultaneously expanded its collaboration with HCT Logistics. In the first half of 2025, warehouse space increased by 10% year over year. Based on more than two million packages shipped in 2024, delivery volumes through October this year outpaced prior years. This scale expansion has significantly improved operational efficiency, driving both cost reductions and overall profitability.
Looking ahead, HHG stated that as demand for brand collaborations continues to rise, there are still multiple brands actively negotiating partnership opportunities with the company.
Article edited by Jack Wu
