HUHU

WUXI, China, April 28, 2026 /PRNewswire/ -- HUHUTECH International Group Inc. (Nasdaq: HUHU) (the "Company" or "HUHUTECH"), a professional provider of factory facility management and monitoring systems, today announced its financial results for the fiscal year ended December 31, 2025. Mr. Yujun Xiao, Chief Executive Officer of HUHUTECH, commented, "We delivered solid top-line growth in fiscal year 2025, with total revenue increasing by 18.1% year-over-year to $21.4 million, supported by continued demand for our system integration solutions and a significant ramp-up in product sales. Gross profit also grew steadily, reflecting the resilience of our core business model. Importantly, we began generating initial contributions from our overseas subsidiaries in the United States and Singapore, marking a meaningful step in our global expansion strategy and validating our localized deployment approach. While we reported a net loss for the year, this was primarily driven by an increase in share-based compensation associated with our long-term incentive initiatives following our public listing. Excluding this non-cash impact, our operating performance remained stable, and we achieved positive operating cash flow. Looking ahead, we remain focused on expanding our international footprint, strengthening our product commercialization capabilities, and enhancing operational efficiency. We plan to continue to advance the intelligence and digitalization of our systems, including leveraging digital twin technology and AI-driven analytics to enhance reliability, and meet the increasing technical demands of advanced semiconductor manufacturing. We believe our integrated solutions and growing global presence position us well to capture opportunities in the pan-semiconductor industry and deliver sustainable long-term value to our shareholders." Fiscal Year 2025 Financial Highlights Total revenue was $21.4 million in fiscal year 2025, an increase of 18.1% from $18.1 million in fiscal year 2024. Gross profit was $7.1 million in fiscal year 2025, an increase of 8.1% from $6.6 million in fiscal year 2024. Gross margin was 33.1% in fiscal year 2025, decreased from 36.1% in fiscal year 2024. Net loss was $17.3 million in fiscal year 2025, compared to $1.9 million in fiscal year 2024. Basic and diluted loss per share were $0.75 in fiscal year 2025, compared to $0.10 in fiscal year 2024. Fiscal Year 2025 Financial Results Revenues Total revenue was $21.4 million in fiscal year 2025, an increase of 18.1% from $18.1 million in fiscal year 2024. The overall increase in total revenue was primarily attributable to a $3.4 million increase in revenue from product sale. Revenue from system integration projects was $16.63 million in fiscal year 2025, an increase of 0.2% from $16.59 million in fiscal year 2024, which was due to the expansion of the Company's business in the Japanese market in fiscal year 2025. Revenue from engineering consulting services was $0.2 million in fiscal year 2025, a decrease of 38.1% from $0.4 million in fiscal year 2024. The decrease in revenue from engineering consulting services was mainly due to a shift of focus on system integration projects in fiscal year 2025. Revenue from product sales was $4.6 million in fiscal year 2025, an increase of 281.1% from $1.2 million in fiscal year 2024. The increase of product sales revenue was due to increase in product needs along with system integration projects in fiscal year 2025. Cost of Revenues Cost of revenue was $14.3 million in fiscal year 2025, an increase of 23.7% from $11.6 million in fiscal year 2024. Gross Profit and Gross Margin Gross profit was $7.1 million in fiscal year 2025, an increase of 8.1% from $6.6 million in fiscal year 2024. Gross margin was 33.1% in fiscal year 2025, decreased from 36.1% in fiscal year 2024. Operating Expenses Total operating expenses were $24.1 million in fiscal year 2025, an increase of 197.7% from $8.1 million in fiscal year 2024. Selling expenses were $1.4 million in fiscal year 2025, a decrease of 30.7% from $2.1 million in fiscal year 2024, mainly due to the operation decreased consulting service fee by approximately $0.8 million, an increase of advertising expenses approximately $0.2 million. General and administrative expenses were $21.8 million in fiscal year 2025, an increase of 589.6% from $3.2 million in fiscal year 2024. The significant increase was contributed by (i) an approximately $18.6 million increase in share-based compensation, (ii) an approximately $1.3 million increase in impairment losses, (iii) a decrease of consulting and audit fees approximately $1.6 million. Research and development expenses were $0.9 million in fiscal year 2025, a decrease of 68.8% from $2.9 million in fiscal year 2024. The decrease was due to (i) a decrease of approximately $1.8 million in technical consulting fees charged by a third party, (ii) a decrease of approximately $0.1 million in material costs and of approximately $0.1 million other expenses. Net Loss Net loss was $17.3 million in fiscal year 2025, compared to $1.9 million in fiscal year 2024. Basic and Diluted Loss per Share Basic and diluted loss per share were $0.75 in fiscal year 2025, compared to $0.10 in fiscal year 2024. Financial Condition As of December 31, 2025, the Company had cash of $4.4 million, compared to $3.1 million as of December 31, 2024. Net cash provided by operating activities in fiscal year 2025 was $2.9 million, compared to net cash used in operating activities of $3.0 million in fiscal year 2024. Net cash used in investing activities in fiscal year 2025 was $0.2 million, compared to $3.8 million in fiscal year 2024. Net cash used in financing activities in fiscal year 2025 was $1.1 million, compared to net cash provided by financing activities of $7.5 million in fiscal year 2024. About HUHUTECH International Group Inc. HUHUTECH International Group Inc. is a professional provider of factory facility management and monitoring systems. Through its subsidiaries in China, Japan, the United States, Germany, and Singapore, HUHUTECH designs and provides customized high-purity gas and chemical production system and equipment. The Company's products mainly include high-purity process systems (HPS) and factory management control systems (FMCS), which effectively increase operation efficiency by using standardized module software. The modularity of HUHUTECH's software solution reduces the errors caused by frequent updates of the program. As a nationally recognized brand, HUHUTECH serves major players in the pan-semiconductor industry. Its products and services are widely used by semi-conductor manufacturers, LED and micro-electronics factories, as well as some pharmaceutical, food and beverage manufacturers. For more information, please visit the Company's website: ir.huhutech.com.cn. Forward-Looking Statements Certain statements in this announcement are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. All statements other than statements of historical facts included in this announcement are forward-looking statements. Forward-looking statements include, but are not limited to, express or implied statements regarding expectations, hopes, beliefs, intentions or strategies of the Company regarding the future including, without limitation, express or implied statements regarding: the expected completion of the Private Placement, the potential full exercise of the warrant and the additional proceeds therefrom. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company's current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. Forward-looking statements are based on current expectations and assumptions that, while considered reasonable are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. The Company's actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company's annual report on Form 20-F for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the "Commission") on April 28, 2026, and the Company's other filings with the Commission. Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. For more information, please contact: HUHUTECH International Group Inc. Investor Relations Department Email: [email protected] Ascent Investor Relations LLC Tina Xiao Phone: +1-646-932-7242 Email: [email protected] View original content:https://www.prnewswire.com/news-releases/huhutech-international-group-inc-announces-fiscal-year-2025-financial-results-302755295.html

First Half of Fiscal Year 2025 Financial Results Revenues Total revenue was $9.8 million for the first half of fiscal year 2025, an increase of 10.9% from $8.9 million for the same period of last year. The overall increase in total revenue was primarily attributable to a $0.7 million increase in revenue from system integration projects and a $0.4 million increase in revenue from product sales. Revenue from system integration projects was $9.4 million for the first half of fiscal year 2025, an increase of 8.5% from $8.7 million for the same period of last year. The increase was due to the expansion of the Company's business in the Japanese market for the first half of fiscal year 2025. The Company did not generate revenue from engineering consulting services for the first half of fiscal year 2025. Revenue from engineering consulting services was $0.2 million for the same period of last year. The decrease was mainly due to a shift of focus on system integration projects for first half of fiscal year 2025. Revenue from product sales was $0.4 million for the first half of fiscal year 2025, an increase of 1,029.8% from $0.04 million for the same period of last year. The increase of product sales revenue was due to increase in product needs along with system integration projects for the first half of fiscal year 2025. Cost of Revenues Cost of revenue was $6.7 million for the first half of fiscal year 2025, an increase of 17.1% from $5.7 million for the same period of last year. Gross Profit and Gross Margin Gross profit was $3.1 million for the first half of fiscal year 2025, a decrease of 0.4% from $3.2 million for the same period of last year. Gross profit for system integration projects was $3.1 million for the first half of fiscal year 2025, an increase of 2.7% from $3.0 million for the same period of last year. Gross profit for product sales was $39,864 for the first half of fiscal year 2025, an increase of 296.7% from $10,049 for the same period of last year. Gross margin was 32.0% for the first half of fiscal year 2025, decreased from 35.6% for the same period of last year. Operating Expenses Total operating expenses were $11.8 million for the first half of fiscal year 2025, an increase of 511.5% from $1.9 million for the same period of last year. Selling expenses were $0.9 million for the first half of fiscal year 2025, an increase of 79.9% from $0.5 million for the same period of last year. The increase was mainly due to the operation increased business promotion expenses of HUHU Technology Co., Ltd. ("HUHU Japan"). General and administrative expenses were $10.3 million for the first half of fiscal year 2025, an increase of 1,035.3% from $0.9 million for the same period of last year. The significant increase in G&A expenses was contributed by (i) an approximately $8.8 million increase in share-based compensation; (ii) an approximately $0.2 million increase in salary and compensation; (iii) an approximately $0.2 million increase in other items including lease expenses and office expenses. R&D expenses stayed at $0.5 million for the first half of fiscal year 2025 and 2024. Net Income (Loss) Net loss was $8.7 million for the first half of fiscal year 2025, compared to net income of $0.8 million for the same period of last year. Basic and Diluted Earnings (Loss) per Share Basic and diluted loss per share were $0.38 for the first half of fiscal year 2025, compared to basic and diluted earnings per share of $0.04 for the same period of last year. Financial Condition As of June 30, 2025, the Company had cash of $3.0 million, compared to $3.1 million as of December 31, 2024. Net cash used in operating activities for the first half of fiscal year 2025 was $0.5 million, compared to net cash provided by operating activities of $0.3 million for the same period of last year. Net cash used in investing activities for the first half of fiscal year 2025 was $0.1 million, compared to $1.6 million for the same period of last year. Net cash used in financing activities for the first half of fiscal year 2025 was $0.04 million, compared to net cash provided by financing activities of $3.0 million for the same period of last year. About HUHUTECH International Group Inc. HUHUTECH International Group Inc. is a professional provider of factory facility management and monitoring systems. Through its subsidiaries in China, Japan, the United States, and Germany, HUHUTECH designs and provides customized high-purity gas and chemical production system and equipment. The Company's products mainly include high-purity process systems (HPS) and factory management control systems (FMCS), which effectively increase operation efficiency by using standardized module software. The modularity of HUHUTECH's software solution reduces the errors caused by frequent updates of the program. As a nationally recognized brand, HUHUTECH serves major players in the pan-semiconductor industry. Its products and services are widely used by semi-conductor manufacturers, LED and micro-electronics factories, as well as some pharmaceutical, food and beverage manufacturers. For more information, please visit the Company's website: ir.huhutech.com.cn. Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," or other similar expressions in this announcement . The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission ("SEC"). For more information, please contact: HUHUTECH International Group Inc. Investor Relations Department Email: [email protected] Ascent Investor Relations LLC Tina Xiao Phone: +1-646-932-7242 Email: [email protected] View original content:https://www.prnewswire.com/news-releases/huhutech-international-group-inc-announces-first-half-of-fiscal-year-2025-financial-results-302561766.html

WUXI, China, April 29, 2025 /PRNewswire/ -- HUHUTECH International Group Inc. (Nasdaq: HUHU) (the "Company" or "HUHUTECH"), a professional provider of factory facility management and monitoring systems, today announced its financial results for the fiscal year ended December 31, 2024. Mr. Yujun Xiao, Chief Executive Officer of HUHUTECH, commented, "Fiscal year 2024 was a year of expansion as we strengthened our market presence both domestically and internationally, laying a solid foundation for long-term success. We delivered $18.1 million in total revenue, representing an 8.5% increase year-over-year, driven by robust growth in product sales and system integration projects, especially in Japan. Gross profit rose 21.1% to $6.6 million, with gross margin improving to 36.1% from 32.3% in the same period last year. Our strategic expansion in the Japanese market was underscored by the successful launch of our semiconductor industry-supporting warehousing and logistics center in Kumamoto. In line with Japan's Semiconductor Revival Initiative, the facility supports the region's growing semiconductor manufacturing clusters and reflects our commitment to building scalable infrastructure in high-growth markets. Another major milestone in 2024 was our successful initial public offering. With our Nasdaq listing, we are better positioned to accelerate innovation, enhance brand visibility, and pursue global opportunities. This achievement also underscores our commitment to long-term value creation through global market expansion." Mr. Xiao continued, "Looking ahead, we will continue to build on this momentum by expanding our marketing and sales teams, deepening client relationships, and advancing targeted R&D—particularly in exploring the development of Factory Management and Control System and related new equipment. We also plan to broaden our product and service offerings to further penetrate key markets. Through these efforts, we are confident in delivering innovative solutions that improve efficiency, elevate performance, and set new standards in factory facility management across an evolving industrial landscape." Fiscal Year 2024 Financial Highlights Total revenue was $18.1 million in fiscal year 2024, an increase of 8.5% from $16.7 million in fiscal year 2023. Gross profit was $6.6 million in fiscal year 2024, an increase of 21.1% from $5.4 million in fiscal year 2023. Gross margin was 36.1% in fiscal year 2024, increased from 32.3% in fiscal year 2023. Net loss was $1.9 million in fiscal year 2024, compared to net income of $2.3 million in fiscal year 2023. Basic and diluted loss per share were $0.1 in fiscal year 2024, compared to basic and diluted earnings per share of $0.47 in fiscal year 2023. Fiscal Year 2024 Financial Results Revenues Total revenue was $18.1 million in fiscal year 2024, an increase of 8.5% from $16.7 million in fiscal year 2023. The overall increase in total revenue was primarily attributable to a $0.9 million increase in revenue from product sales and a $0.3 million increase in revenue from system integration projects. Revenue from system integration projects was $16.6 million in fiscal year 2024, an increase of 2.0% from $16.3 million in fiscal year 2023. The increase was due to the expansion of the Company's business in the Japanese market in fiscal year 2024. Revenue from engineering consulting services was $0.4 million in fiscal year 2024, an increase of 76.3% from $0.2 million in fiscal year 2023. The significant increase was a result of the system integration projects as the Company provided consulting services as auxiliary service to some system integration clients in need. Revenue from product sales was $1.2 million in fiscal year 2024, an increase of 340.3% from $0.3 million in fiscal year 2023. The increase of product sales revenue was due to increase in product needs along with system integration projects in fiscal year 2024. Cost of Revenues Cost of revenue was $11.6 million in fiscal year 2024, an increase of 2.4% from $11.3 million in fiscal year 2023. Gross Profit and Gross Margin Gross profit was $6.6 million in fiscal year 2024, an increase of 21.1% from $5.4 million in fiscal year 2023. The increase of gross profit in fiscal year 2024 was mainly due to the increase of gross profit from system integration projects. Gross margin was 36.1% in fiscal year 2024, increased from 32.3% in fiscal year 2023. Operating Expenses Total operating expenses were $8.1 million in fiscal year 2024, an increase of 149.6% from $3.2 million in fiscal year 2023. Selling expenses were $2.1 million in fiscal year 2024, an increase of 137.2% from $0.9 million in fiscal year 2023. The increase was mainly due to the operation of HUHU Technology Co., Ltd. ("HUHU Japan"). General and administrative expenses were $3.2 million in fiscal year 2024, an increase of 205.0% from $1.0 million in fiscal year 2023. The increase was mainly due to the operation of HUHU Japan. Research and development expenses were $2.9 million in fiscal year 2024, an increase of 114.7% from $1.3 million in fiscal year 2023. The increase was due to (1) a decrease of $0.1 million in material costs; and (2) an increase of $1.6 million in technical consulting fees charged by a third party. Net Loss Net loss was $1.9 million in fiscal year 2024, compared to net income of $2.3 million in fiscal year 2023. Basic and Diluted Loss per Share Basic and diluted loss per share were $0.1 in fiscal year 2024, compared to basic and diluted earnings per share of $0.47 in fiscal year 2023. Financial Condition As of December 31, 2024, the Company had cash of $3.1 million, compared to $2.7 million as of December 31, 2023. Net cash used in operating activities in fiscal year 2024 was $3.0 million, compared to net cash provided by operating activities of $3.0 million in fiscal year 2023. Net cash used in investing activities in fiscal year 2024 was $3.8 million, compared to $1.2 million in fiscal year 2023. Net cash provided by financing activities in fiscal year 2024 was $7.5 million, compared to net cash used in financing activities of $0.6 million in fiscal year 2023. Recent Development On October 23, 2024, the Company completed its initial public offering (the "Offering") of 1,050,000 ordinary shares at a public offering price of $4.00 per share. On November 19, 2024, the representative of the underwriters of the Offering partially exercised their over-allotment option to purchase an additional 123,413 ordinary shares at the public offering price of $4.00 per share. The gross proceeds were $4.69 million, before deducting underwriting discounts and commissions, and other expenses. The Company's ordinary shares began trading on the Nasdaq Capital Market on October 22, 2024, under the ticker symbol "HUHU." About HUHUTECH International Group Inc. HUHUTECH International Group Inc. is a professional provider of factory facility management and monitoring systems. Through its subsidiaries in China and Japan, HUHUTECH designs and provides customized high-purity gas and chemical production system and equipment. The Company's products mainly include high-purity process systems (HPS) and factory management control systems (FMCS), which effectively increase operation efficiency by using standardized module software. The modularity of HUHUTECH's software solution reduces the errors caused by frequent updates of the program. As a nationally recognized brand, HUHUTECH serve major players in the pan-semiconductor industry. Its products and services are widely used by semi-conductor manufacturers, LED and micro-electronics factories, as well as some pharmaceutical, food and beverage manufacturers. For more information, please visit the Company's website: ir.huhutech.com.cn. Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission ("SEC"). For more information, please contact: HUHUTECH International Group Inc. Investor Relations Department Email: [email protected] Ascent Investor Relations LLC Tina Xiao Phone: +1-646-932-7242 Email: [email protected] View original content:https://www.prnewswire.com/news-releases/huhutech-international-group-inc-announces-fiscal-year-2024-financial-results-302441196.html SOURCE HUHUTECH International Group Inc.