Inno (INHD)
Wholesale trader of pre-owned iPhones from a Hong Kong hub.
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Buys pre-owned consumer electronics, principally iPhones, and resells Hong Kong-held inventory to wholesalers across several international markets. Revenue comes entirely from wholesale trading, with a narrow counterparty base and an iPhone-led product mix.
Sources pre-owned iPhones and tablets from suppliers, stores inventory in Hong Kong, and resells it to wholesale customers serving Southeast Asia, the Middle East, Europe, and other regions. The current business operates through Lear Group Limited and Baymax High Technology Co., Limited, emphasizing Like-New device grades, quick fulfillment, dynamic inventory positioning, and order-specific pricing.
Produces all current revenue from wholesale customers, with recycled iPhones accounting for all disclosed product revenue. The former steel-framing operation was discontinued, while a cross-border B2B marketplace and AI sales and customer-acquisition agent remain under development rather than documented revenue sources. Operations depend on a small supplier base and customer base, and on Hong Kong trade, regulatory, and licensing conditions.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $33.2M · Total debt $279.8K · Total assets $56.1M · Shareholders' equity $55.6M
- Revenue
- $2.1M
- Operating income
- −$1.5M
- Net income
- −$1.6M
No dividends on record.
| Insiders | 0.68% | 31.0K shares | |
|---|---|---|---|
| 3 holders · as of Sep 11, 2026 | |||
| Other | 99.32% | 4.49M shares | |
| remainder | |||
4.52M company shares as of Sep 6, 2026 · holders as of their latest filing
Two share counts disagree (2.52M in the company's Sep 23, 2026 report, 4.52M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ding WeiInsiderdirector, officer: Chief Executive Officer | 0.67% | 30,313 | filed Sep 11, 2026 |
Christopher Michael Collins1Insider10 percent owner | 0.01% | 531 | filed Jun 30, 2025 |
Mengshu ShaoInsiderdirector, officer: Chief Financial Officer | 0.00% | 107 | filed Dec 17, 2025 |
HuaInsider | —43.37% of class, as filed | — | filed Sep 11, 2024 |
Lake Club Inc.Strategic | —30.84% of class, as filed | — | filed Sep 11, 2024 |
- Christopher Michael Collins's own ownership statement (13G, Jul 18, 2025) reports fewer shares than the transaction reports; the statement is used.
Insider tradesForm 4
No open-market trades in the last 12 months.
- ATRenew (ADR)
Large-scale B2B trading of pre-owned smartphones and tablets.
- Assurant
Device trade-in, refurbishment, and resale at global scale.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Inno | $3.39 | +1.35% | $15.1M | — | — | 2.7 | +90.4% |
| ATRenew (ADR) | $4.01 | −0.62% | $1.46B | — | 9.0 | — | +39.7% |
| Assurant | $272.16 | +0.40% | $13.43B | 12.8 | 12.2 | 1.0 | +9.4% |
| Median | 12.8 | 10.6 | 1.0 | +24.5% |