MTEN

Financial Performance: Mingteng International Corporation reported a total revenue of $5.26 million for the first half of fiscal year 2025, marking a 13.2% increase from the previous year, despite a net loss of $1.36 million compared to $0.27 million in the same period last year.

Revenue Growth Areas: The company experienced a 9.7% growth in mold production revenue and a significant 39.1% increase in machining services revenue, which has become the second-largest revenue contributor, helping to offset challenging market conditions.

Cost and Margin Challenges: Gross profit decreased by 11.1% to $1.47 million, with a gross margin decline from 35.5% to 27.9%, primarily due to rising costs in materials, labor, and complex manufacturing processes.

Investment in Innovation: Mingteng International increased its R&D spending by 42.1%, reflecting a commitment to innovation and technology advancement as a core strategy for sustainable growth amidst market volatility.

Collaboration Announcement: Mingteng International Corporation has signed a technology development agreement with Jilin University to develop a new hot-work die steel for die-casting molds, aiming to enhance its technical capabilities and meet the growing demand for high-quality aluminum alloy die-castings.

Expected Outcomes: The project is expected to improve die-casting lifespan and thermal fatigue performance while reducing material costs by 40%, positioning Mingteng to compete with international brands in the automotive mold market.

Financial Performance Overview: Mingteng International Corporation reported a 23% increase in total revenue to $10.12 million for the fiscal year 2024, driven by significant growth in machining services, which rose by 327.6%. However, the company faced a net loss of $5.68 million compared to a profit of $1.51 million in the previous year due to increased operating expenses and costs associated with expansion.

Strategic Initiatives and Future Outlook: The company expanded production capacity and workforce to adapt to market changes, resulting in higher investments. Despite challenges, Mingteng International remains committed to its core strengths and believes these strategic efforts will support long-term sustainable growth and enhance operational capabilities moving forward.