ZJK Industrial Co., Ltd.

Revenue Jumps 30% Total revenues reached $37.81M in 2024, marking a strong 30.13% increase over $29.06M reported in 2023.

Gross Profit Rises Gross profit increased 23.09% to $13.57M in 2024, driven by increased sales volume across screw and turned parts.

Strong Operating Cash Flow Net cash provided by operating activities was $5.34M in 2024, showing improved cash generation capability year-over-year.

Successful IPO Financing Financing activities provided $6.75M net cash in 2024, largely due to the $6.91M gross proceeds from the initial public offering.

Operating Income Plummets Income from operations fell sharply by 73.98% to $1.63M in 2024 due to soaring selling and administrative expenses.

High Operating Expense Growth General and administrative expenses surged 164.88% to $6.70M; Selling and marketing expenses rose 169.08% to $4.71M.

PRC Regulatory Uncertainty Evolving PRC laws regarding overseas listings and data security pose material adverse operational risks and compliance burdens.

Customer Concentration Risk Top two customers accounted for 56% of 2024 revenues, increasing volatility risk if orders change or contracts terminate.

Expanding International Sales Plans include expanding sales network into North America, Singapore, and Taiwan to diversify customer base and scale operations.

R&D Investment Continues Company continuously increases R&D expenses and expands its technical team to improve product offerings and maintain competitiveness.

US Market Entry Planned Plans to open a sales office in the United States in early 2025 to further expand global market reach and customer support.

Future Capital Raising Management intends to raise additional capital via financing for facility expansion and potential strategic acquisitions in the fastener field.