Mingteng International Reports 13% Revenue Increase, Posts $1.36 Million Net Loss for H1 2025

Reuters
Oct 01
Mingteng International Reports 13% Revenue Increase, Posts $1.36 Million Net Loss for H1 2025

Total revenue for the first half of fiscal year 2025 was $5.26 million, representing an increase of 13.2% from $4.65 million for the same period of the previous year. After accounting for rising exchange rates, total revenue increased by 14.5% in RMB base currency. Gross profit was $1.47 million for the first half of fiscal year 2025, compared to $1.65 million in the same period of the previous year. Gross margin was 27.9%, down from 35.5% in the first half of fiscal year 2024. By segment, mold production revenue reached $3.63 million with a cost of revenue of $2.70 million and a gross margin of 25.6%. In the same period last year, mold production revenue was $3.31 million with a cost of revenue of $2.19 million and a gross margin of 33.8%. Net loss was $1.36 million for the first half of fiscal year 2025, compared to $0.27 million for the same period of the previous year. As of June 30, 2025, cash and cash equivalents totaled $1.76 million, compared to $2.08 million as of December 31, 2024. Net cash used in operating activities was $0.23 million, compared to $0.66 million for the same period of the previous year. Net cash used in investing activities was $0.30 million, compared to $3.16 million in the same period last year. Net cash provided by financing activities was $0.19 million, compared to $4.15 million for the first half of fiscal year 2024. Research and development expenses were $0.41 million for the first half of fiscal year 2025, an increase of 42.1% from the same period last year. Selling expenses were $0.05 million, a decrease of 57.2% from $0.13 million for the same period of the previous year. General and administrative expenses were $1.00 million, a decrease of 33.7% from $1.51 million in the first half of fiscal year 2024.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mingteng International Corporation Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN87753) on October 01, 2025, and is solely responsible for the information contained therein.

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