#China #Shenzhen #AI Technology #Financial Growth #ZJK Industrial

ZJK Industrial Co., Ltd. Reports Financial Results for Fiscal Year 2024

ZJK Industrial Co., Ltd. (NASDAQ: ZJK), a prominent manufacturer of precision parts and hardware for various emerging technologies, released its financial outlook for the fiscal year ending December 31, 2024, showcasing strong performance amid an expanding market landscape.

Financial Highlights

CEO Mr. Ning Ding expressed enthusiasm regarding the results, stating, “We are pleased to report strong performance for fiscal year 2024.” The company achieved revenues of $37.81 million, marking a 30.13% increase from the previous fiscal year, attributed largely to a robust sales volume increase across all product lines. ZJK's strategic focus on artificial intelligence (AI) projects was instrumental, with sales volume surging between 7% to 50% in key segments.

Despite rising production expenses, which saw the cost of revenues increase by 34.43% to $24.24 million, ZJK managed to enhance its gross profit to $13.57 million, reflecting a 23.09% growth. Nonetheless, the gross margin did decline slightly to 35.88% from 37.93% a year earlier due to shifts in product mix and increased marketing expenses.

Investment in Growth

ZJK significantly ramped up its efforts in research and development, boosting its investment by 20.36% to ensure it remains at the forefront of technology. Selling and marketing expenses saw an even sharper increase of 169.08%, indicating aggressive expansion into global markets such as North America, Singapore, and Taiwan, aimed at solidifying customer relationships and increasing market share.

The company recently showcased its innovative technologies during the NVIDIA GPU Technology Conference in March 2025, aligning with its goal of tapping into the burgeoning AI sector. Notably, the local government recognized ZJK as one of the Top 100 Enterprises, affirming its role in the regional economy and technological advancement.

Future Prospects

Looking ahead, ZJK is poised to leverage its operational strategies to capitalize on future technological advancements while enhancing supply chain resilience in light of global uncertainties. With an accumulated cash position of $12.26 million as of the end of 2024, ZJK is well-equipped to navigate upcoming challenges and opportunities.

The company's trajectory suggests a commitment to innovation and adaptability in a rapidly evolving market, setting a promising tone for stakeholders and investors alike.

In summary, ZJK Industrial's impressive financial performance in fiscal year 2024 underscores its dedication to growth and innovation within the high-tech manufacturing sector, making it a compelling entity to watch in the coming years.