HF Foods Group Inc. (NASDAQ: HFFG)

HF Foods Group Inc. is a leading marketer and distributor of fresh produce frozen and dry food and non food products to Asian restaurants and other foodservice customers throughout the United States. The company operates a national distribution platform comprising 16 distribution centers and 4 cross docks supported by a fleet of over 400 vehicles. The facilities encompass approximately 1.4 million square feet of warehouse space and enable service to approximately 15,000 customer locations across 46 states covering about 95% of the contiguous United States. HF Foods Group Inc. employs a high frequency service oriented model that emphasizes timely delivery and consistent product availability to meet the operational needs of independent restaurants. The company leverages a centralized outsourced call center in China to provide order taking and customer service in customers’ primary language during non office hours in the United States.

HF Foods Group Inc. generates revenue from the sale of over 2,000 products that include seafood, meat and poultry, Asian specialty products, commodities, fresh produce, and packaging and other non food items. For the year ended December 31, 2025 sales were distributed as follows: seafood 36%, meat and poultry 22%, Asian specialty products 18%, commodities 10%, fresh produce 9%, and packaging and other 5%. The majority of procurement consists of goods purchased domestically including meat poultry produce and certain key commodities while a significant portion is sourced through imports such as frozen seafood Asian specialty items packaging and other commodities. HF Foods Group Inc. offers a one stop purchasing solution supported by long term partnerships with domestic and international suppliers which enhances its ability to provide a broad and differentiated assortment at competitive prices. The company utilizes a centralized inventory system to manage replenishment optimize inventory levels and support efficient operations. Revenue is derived primarily from product sales to restaurant customers.

HF Foods Group Inc. differentiates itself from large mainstream foodservice distributors such as Sysco Corporation US Foods Holding Corp. and Performance Food Group Company through its deep cultural and language understanding of the Asian restaurant community specialized sourcing capabilities and a product portfolio tailored to Asian cuisine. The company’s competitive advantages include a differentiated assortment cultural and language capabilities service and cost structure purchasing and sourcing capabilities distribution network and delivery density technology enabled operations and customer specific marketing and engagement. These strengths allow HF Foods Group Inc. to hold a leading position in the fragmented Asian foodservice market where many small operators lack scale and sophisticated logistics infrastructure. The firm believes its scale knowledge of customer preferences and operating costs provide additional advantages including the ability to pass on cost savings through consolidated purchasing and to maintain reliable delivery schedules. HF Foods Group Inc. continues to invest in technology and operating systems to improve efficiency accuracy and customer satisfaction and to support its long term growth objectives.

HF Foods Group Inc. serves approximately 15,000 customer locations primarily independent Asian restaurants that are often family owned and operated by immigrants or first generation Americans. The company reports that its customers are price and quality sensitive with a high demand for great service and mutual trust and that its employees speak the customers’ language understand their culture and build a bond with them. While Asian restaurants remain the core customer base HF Foods Group Inc. intends to selectively broaden its reach into other ethnic and specialty foodservice segments over time as it executes its long term growth strategy. The company also serves other foodservice customers although its primary focus remains on the Asian restaurant sector.