#China #Wuxi #Mingteng International #Automotive Molds #H1 2025 Results

Mingteng International Corporation Half-Year Performance Summary

Mingteng International Corporation Inc., a leading automotive mold developer and supplier based in Wuxi, China, has reported its financial results for the first half of fiscal year 2025, concluding on June 30, 2025. Despite facing a challenging market environment, the company achieved significant revenue growth of 13.2% compared to the same period last year.

Financial Highlights

The company’s total revenue reached $5.26 million, which marks an increase from $4.65 million during the first half of fiscal year 2024. Contributing to this growth was an impressive 39.1% revenue increase in the machining services segment, which is now the company's second-largest source of revenue. Mingteng's revenue from mold production also grew steadily, demonstrating a 9.7% increase, further diversifying its portfolio in automotive services.

Mr. Yingkai Xu, the company’s Chairman and CEO, stated, “In the first half of fiscal year 2025, we adopted a balanced and agile strategy to navigate market volatility and emerging trends. Our focus on expanding machining services has proven effective, allowing us to enhance our revenue streams while reinforcing relationships with our longstanding customers.”

Despite these positives, the company recorded a net loss of $1.36 million, compared to a net loss of $0.27 million in the first half of 2024. The decrease in gross profit margin to 27.9% from 35.5% illustrates the pressures faced. Costs associated with labor, materials, and increased production complexity contributed significantly to this decline.

Segment Analysis

Mold Production

Revenue from mold production stood at $3.63 million, reflecting solid relationships with major customers and ongoing expansion in the market. However, the decrease in mold repair revenue to $0.49 million indicated the economic challenges, leading the company to adjust its pricing strategies to mitigate market pressures.

Machining Services

Machining services experienced robust growth, surging to $1.14 million. This segment's expansion aligns with a strategic shift to process more complex products that demand premium pricing, allowing Mingteng to enter new markets.

Operating Expenses

Operating expenses showed a decrease, totaling $1.47 million—a reduction of 23.9% from the previous year. Notably, selling expenses plummeted by 57.2%, primarily due to reduced promotion costs. General and administrative expenses also decreased significantly due to lower consultancy fees linked with previous IPO costs.

Investments in Technology

Mingteng remains committed to innovation, increasing its research and development expenses by 42.1%, which underscores the company’s focus on advancing its technological capabilities amidst a competitive landscape.

Future Outlook

As the company moves forward, it aims to maintain its growth trajectory by leveraging its strategic expansions and advanced technological investments. Despite the mounting costs and evolving market dynamics, Mingteng International believes that its agile strategies and innovation focus will foster sustainable growth and profitability in the coming quarters.

For more detailed financial updates or investor inquiries, visit the official Mingteng International website or connect with their investor relations team.