INLF

QUANZHOU, China, Sept. 24, 2026 /PRNewswire/ -- INLIF LIMITED (Nasdaq: INLF) (together with all its subsidiaries and consolidated entities, the "Company" or "INLIF"), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026. Mr. Rongjun Xu, Chief Executive Officer of INLIF, remarked, "We are pleased to present our financial results for the first half of fiscal year 2026, which reflect continued growth in both revenue and gross profit compared with the same period in fiscal year 2025. We have also reported net income of approximately $1.01 million in the current period, compared with a net loss of approximately $1.98 million in the same prior period in 2025, an improvement of approximately $3.0 million. This growth was driven by the expansion of our customer base, rising demand for manipulator arms, and, in particular, sales from our newly launched intelligent equipment business, which generated $3.36 million in revenue and accounted for 25.97% of total revenue during the period, compared with no revenue contribution in the same period last year. With net revenue increasing by 26.01%, our gross profit grew by 158.77%, while gross profit margin increased from 17.50% to 35.95%. These results reflect the progress of our strategy to expand into the new energy and intelligent equipment sectors and further diversify our business. To sustain this growth momentum and expand our long-term growth potential, we continued to increase our investments in sales and research and development ('R&D'), with related expenses increasing by 50.21% and 49.18% year over year, respectively. To support sales growth, we increased performance-based compensation incentives for our sales personnel and expanded spending on sales activities. At the same time, our R&D team more than doubled in size, from 31 to 72 employees, and we continued to invest in the development of industrial robots. While the industrial robots remain in the R&D and product validation stages, we believe they represent an important area of future development for the Company. Alongside increased investments in sales, technology, and new product development, we maintained disciplined cost management across the organization. As a result, general and administrative expenses decreased by 34.42%, primarily reflecting the absence of one-time share-based compensation granted to three key administrative employees in the prior-year period. This reduction underscores our continued focus on maintaining operating efficiency while selectively investing in areas that support long-term growth. During the period, we also completed a PIPE offering and established an At-the-Market program to help support our operational and expansion needs. We believe these additional capital resources provide a solid foundation to support our business development for the foreseeable future. Moving forward, we will focus on strengthening our technological innovation and organic growth capabilities in an efficient and disciplined manner, while continuing to expand and consolidate our new business initiatives." First Half of Fiscal Year 2026 Financial Highlights - Net revenue was $12.94 million for the first half of fiscal year 2026, representing an increase of 26.01% from $10.27 million for the same period of last year. - Gross profit was $4.65 million for the first half of fiscal year 2026, representing an increase of 158.77% from $1.80 million for the same period of last year. - Gross profit margin increased to 35.95% for the first half of fiscal year 2026, from 17.50% for the same period of last year. - Net income was $1.01 million for the first half of fiscal year 2026, compared to a net loss of $1.98 million for the same period of last year. - Basic and diluted earnings per share were $10.01 for the first half of fiscal year 2026, compared to basic and diluted loss per share of $427.48 for the same period of last year. First Half of Fiscal Year 2026 Financial Results Net Revenue Net revenue was $12.94 million for the first half of fiscal year 2026, representing an increase of 26.01% from $10.27 million for the same period of last year. The increase was primarily attributable to (i) an increase in sales of manipulator arms, including installation and warranty services, by approximately $0.60 million, mainly due to higher purchase volumes from certain existing customers and contributions from newly acquired customers; (ii) an increase in sales of accessories by approximately $0.01 million, which remained relatively stable compared with the prior-year period; and (iii) sales of intelligent equipment of approximately $3.36 million, primarily used in the new energy sector, driven by customers' needs for new production lines, capacity expansion and automation upgrades. These increases were partially offset by (iv) a decrease in sales of raw materials and scraps of approximately $1.27 million, primarily due to the Company's adoption of a more demand-driven procurement approach, lower customer demand for certain raw materials, and enhanced production and inventory controls that reduced the volume of scraps generated; and (v) a decrease in installation service revenue of approximately $0.03 million, primarily due to lower installation volumes, shorter installation time for certain products, and an increasing number of customers performing installation using their own personnel or requiring only limited technical assistance from the Company. - Sales of manipulator arms and installation and warranty services were $4.97 million for the first half of fiscal year 2026, representing an increase of 13.74% from $4.37 million for the same period of last year. - Sales of accessories were $0.40 million for the first half of fiscal year 2026, representing an increase of 3.04% from $0.39 million for the same period of last year. - Sales of raw materials and scraps were $4.20 million for the first half of fiscal year 2026, compared to $5.47 million for the same period of last year. - Sales of installation services were $6,528 for the first half of fiscal year 2026, compared to $41,523 for the same period of last year. - Sales of intelligent equipment were $3.36 million for the first half of fiscal year 2026, compared to nil for the same period of last year. Cost of Revenue Cost of revenue was $8.29 million for the first half of fiscal year 2026, representing a decrease of 2.16% from $8.47 million for the same period of last year. The decrease was primarily attributable to a significant reduction in the cost of raw materials sold, partially offset by costs associated with the Company's newly developed intelligent equipment business and higher costs of accessories. Gross Profit and Gross Profit Margin Gross profit was $4.65 million for the first half of fiscal year 2026, representing an increase of 158.77% from $1.80 million for the same period of last year. The increase was mainly due to (i) an increase in gross profit from sales of manipulator arms, including installation and warranty services, by approximately $0.46 million; (ii) an increase in gross profit from sales of raw materials and scraps by approximately $1.99 million; (iii) an increase in gross profit from sales of intelligent equipment by approximately $0.64 million; and (iv) offset by a decrease in gross profit from sales of accessories and installation services by approximately $0.21 million and $0.03 million, respectively. Gross profit margin increased to 35.95% for the first half of fiscal year 2026, from 17.50% for the same period of last year. Operating Expenses Operating expenses were $3.53 million for the first half of fiscal year 2026, representing a decrease of 8.73% from $3.87 million for the same period of last year. - Selling expenses were $0.62 million for the first half of fiscal year 2026, representing an increase of 50.21% from $0.41 million for the same period of last year. The increase was mainly due to (i) an increase of approximately $0.10 million in salaries and benefits, primarily due to higher performance-based compensation for sales personnel as the Company's revenue increased; (ii) an increase of approximately $0.02 million in business entertainment expenses, mainly due to increased customer visits and related business development activities; (iii) an increase of approximately $0.03 million in traveling expenses, primarily due to more frequent business trips by the Company's sales personnel to support the expansion of the Company's sales activities; and (iv) an increase of approximately $0.06 million in transportation expenses, mainly due to higher customer-related transportation costs associated with the increase in sales. - General and administrative expenses were $1.76 million for the first half of fiscal year 2026, representing a decrease of 34.42% from $2.68 million for the same period of last year. The decrease was mainly due to a decrease of approximately $1.63 million in share-based compensation expenses, primarily because equity incentives were granted to three key administrative employees during the first half of 2025, while no comparable grants were made during the first half of 2026. - Research and development expenses were $1.15 million for the first half of fiscal year 2026, representing an increase of 49.18% from $0.77 million for the same period of last year. The increase was primarily attributable to the expansion of the Company's research and development team, with headcount increasing from 31 in June 2025 to 72 in June 2026, resulting in higher personnel costs. The Company also continued to invest in the development of industrial robots, which remained in the research, development and product validation stage during the period. Net Income (Loss) Net income was $1.01 million for the first half of fiscal year 2026, compared to a net loss of $1.98 million for the same period of last year. Basic and Diluted Earnings (Loss) per Share Basic and diluted earnings per share were $10.01 for the first half of fiscal year 2026, compared to basic and diluted loss per share of $427.48 for the same period of last year. Financial Condition As of June 30, 2026, the Company had cash and cash equivalents of $45.47 million, compared to $6.72 million as of December 31, 2025. The Company's principal sources of liquidity during the six months ended June 30, 2026 were proceeds from its PIPE and ATM offerings, together with bank borrowings and other financing sources. Net cash used in operating activities was $3.27 million for the first half of fiscal year 2026, compared to $2.94 million for the same period of last year. Net cash used in investing activities was $14.88 million for the first half of fiscal year 2026, compared to $5.02 million for the same period of last year. Net cash provided by financing activities was $56.25 million for the first half of fiscal year 2026, compared to $6.91 million for the same period of last year. About INLIF LIMITED INLIF is a holding company and an exempted company incorporated in the Cayman Islands with limited liability. Through its operating entity in the People's Republic of China, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. It has also built experience in industrial automation solutions, including in the new energy sector, as well as intelligent robotics in recent years. For more information, please visit the Company's website: https://ir.yiwate88.com/. Forward-Looking Statements Statements in this announcement with respect to the Company's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of the Company. These forward-looking statements are made under the "safe-harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements include, but are not limited to, those statements using words such as "believe," "expect," "plans," "strategy," "prospects," "forecast," "estimate," "project," "anticipate," "approximate," "aim," "intend," "seek," "may," "might," "could" or "should," and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management's assumptions, judgments and beliefs in light of the information currently available to it. The Company cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, including but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. Therefore, investors should not place undue reliance on such forward-looking statements. Actual results may differ significantly from those set forth in the forward-looking statements. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. For investor and media inquiries, please contact: INLIF LIMITED Investor Relations Department Email: [email protected] Ascent Investor Relations LLC Tina Xiao Phone: +1-646-932-7242 Email: [email protected] INLIF LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Expressed in U.S. Dollars, except for the number of shares) | | As of June 30, 2026 | | | As of December 31, 2025 | ASSETS | | | | | | CURRENT ASSETS: | | | | | | Cash and cash equivalents | | $ | 45,465,962 | | | $ | 6,717,787 | Short-term investments | | | 3,000,000 | | | | — | Accounts receivable, net | | | 8,842,220 | | | | 5,906,938 | Inventories | | | 6,747,700 | | | | 5,497,426 | Prepayments and other current assets | | | 235,803 | | | | 96,086 | Amounts due from related parties | | | 58,224 | | | | 12,656 | TOTAL CURRENT ASSETS | | $ | 64,349,909 | | | $ | 18,230,893 | | | | | | | | | NON-CURRENT ASSETS: | | | | | | | | Property, plant, and equipment, net | | $ | 16,201,530 | | | $ | 4,248,793 | Land-use rights, net | | | 2,216,734 | | | | 2,175,012 | Intangible assets, net | | | 38,781 | | | | 40,315 | Finance lease assets | | | 49,301 | | | | 76,535 | Deferred tax assets | | | 7,088 | | | | 5,804 | TOTAL NON-CURRENT ASSETS | | $ | 18,513,434 | | | $ | 6,546,459 | TOTAL ASSETS | | $ | 82,863,343 | | | $ | 24,777,352 | | | | | | | | | LIABILITIES | | | | | | | | CURRENT LIABILITIES: | | | | | | | | Accounts payable | | $ | 2,475,510 | | | $ | 3,286,866 | Bank loans | | | 6,969,090 | | | | 4,618,839 | Contract liabilities | | | 211,465 | | | | 8,674 | Accrued expenses and other payables | | | 695,873 | | | | 347,598 | Warranty liabilities | | | 27,728 | | | | 25,941 | Income taxes payable | | | 100,882 | | | | — | Amounts due to related parties | | | 858,911 | | | | 281,871 | Current finance lease liabilities | | | 45,342 | | | | 57,326 | TOTAL CURRENT LIABILITIES | | $ | 11,384,801 | | | $ | 8,627,115 | | | | | | | | | NON-CURRENT LIABILITIES: | | | | | | | | Finance lease liabilities | | $ | — | | | $ | 15,368 | TOTAL NON-CURRENT LIABILITIES | | $ | — | | | $ | 15,368 | | | | | | | | | TOTAL LIABILITIES | | $ | 11,384,801 | | | $ | 8,642,483 | | | | | | | | | COMMITMENTS AND CONTINGENCIES (NOTE 22) | | | | | | | | | | | | | | | | SHAREHOLDERS' EQUITY | | | | | | | | Class A Ordinary Share, $0.32 par value, 1,046,875 shares authorized; 1,046,390 shares and 2,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively* | | $ | 334,845 | | | $ | 640 | Class B Ordinary Share, $0.32 par value, 46,875 shares authorized; 3,908 shares issued and outstanding as of June 30, 2026 and December 31, 2025* | | | 1,250 | | | | 1,250 | Additional paid-in capital | | | 70,887,594 | | | | 17,727,063 | Statutory reserve | | | 539,506 | | | | 361,083 | Retained earnings | | | (1,413,847) | | | | (2,244,434) | Accumulated other comprehensive income | | | 1,129,194 | | | | 289,267 | TOTAL SHAREHOLDERS' EQUITY | | $ | 71,478,542 | | | $ | 16,134,869 | TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | | $ | 82,863,343 | | | $ | 24,777,352 | * The shares are presented on a retrospective basis to give effect to the 1-for-200 share consolidation of the Company's authorized and issued ordinary shares effective July 6, 2026, following the 1-for-16 share consolidation of the Company's authorized and issued ordinary shares effective April 6, 2026. INLIF LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Expressed in U.S. Dollars, except for the number of shares) | | For the six months ended June 30, | | | 2026 | | | 2025 | Revenues | | $ | 12,942,657 | | | $ | 10,270,988 | Cost of revenues | | | (8,290,252) | | | | (8,473,079) | Gross profit | | | 4,652,405 | | | | 1,797,909 | | | | | | | | | Operating expenses: | | | | | | | | Selling expenses | | | (618,931) | | | | (412,056) | General and administrative expenses | | | (1,759,047) | | | | (2,682,433) | Research and development expenses | | | (1,149,759) | | | | (770,713) | Total operating expenses | | | (3,527,737) | | | | (3,865,202) | Operating income (loss) | | | 1,124,668 | | | | (2,067,293) | | | | | | | | | Other income (expenses): | | | | | | | | Interest income | | | 12,389 | | | | 135,574 | Interest expenses | | | (63,367) | | | | (94,780) | Other income, net | | | 45,030 | | | | 19,810 | Other expense, net | | | (3,972) | | | | (4,272) | Exchange gain | | | 19,358 | | | | 33,838 | Total other income, net | | | 9,438 | | | | 90,170 | Income (Loss) before income tax | | | 1,134,106 | | | | (1,977,123) | Income tax (expenses) benefits | | | (125,096) | | | | 1,703 | Net income (loss) | | $ | 1,009,010 | | | $ | (1,975,420) | | | | | | | | | Comprehensive income (loss) | | | | | | | | Net income (loss) | | $ | 1,009,010 | | | $ | (1,975,420) | Foreign currency translation adjustments, net of tax | | | 839,927 | | | | 218,808 | Comprehensive income (loss) | | $ | 1,848,937 | | | $ | (1,756,612) | | | | | | | | | Earnings (Loss) per share, basic and diluted | | $ | 10.01 | | | $ | (427.48) | | | | | | | | | Weighted average number of shares* | | | 100,826 | | | | 4,621 | * The shares are presented on a retrospective basis to reflect the 1-for-16 share consolidation effective April 6, 2026 and the subsequent 1-for-200 share consolidation effective July 6, 2026 INLIF LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Expressed in U.S. Dollars, except for the number of shares) | | For the six months ended June 30, | | | 2026 | | | 2025 | Cash flows from operating activities: | | | | | | Net income (loss) | | $ | 1,009,010 | | | $ | (1,975,420) | Adjustments to reconcile net (loss) income to net cash used in operating activities: | | | | | | | | Share-based compensation | | | — | | | | 1,764,000 | Depreciation and amortization | | | 175,074 | | | | 141,432 | Allowance for (reversal of) credit losses | | | 20,500 | | | | (2,333) | Amortization of finance lease right of use assets | | | 30,754 | | | | 868 | Deferred tax assets | | | (1,285) | | | | (1,822) | Changes in operating assets and liabilities: | | | | | | | | Accounts receivable | | | (2,955,782) | | | | (3,299,235) | Inventories | | | (1,250,274) | | | | 1,637,759 | Prepayments and other current assets | | | (139,718) | | | | (78,431) | Accounts payable | | | (811,356) | | | | (1,406,480) | Interest expense on finance lease liabilities | | | 929 | | | | 541 | Contract liabilities | | | 202,791 | | | | (1,712) | Accrued expenses and other payables | | | 348,276 | | | | 281,237 | Warranty liabilities | | | 1,787 | | | | 14,478 | Income taxes payable | | | 100,882 | | | | (18,430) | Net cash used in operating activities | | | (3,268,412) | | | | (2,943,548) | | | | | | | | | Cash flows from investing activities: | | | | | | | | Purchase of property, plant, and equipment | | | (11,837,047) | | | | (618,796) | Purchases of short-term investments | | | (3,000,000) | | | | — | Loans to related parties | | | (45,568) | | | | (1,070) | Loan to a third party | | | — | | | | (4,400,000) | Net cash used in investing activities | | | (14,882,615) | | | | (5,019,866) | | | | | | | | | Cash flows from financing activities: | | | | | | | | Issuance of ordinary shares, net of offering costs | | | — | | | | 7,060,133 | Net proceeds from PIPE offering | | | 32,344,244 | | | | — | Net proceeds from ATM offering | | | 21,150,492 | | | | — | Principal payments on finance lease liabilities | | | (31,449) | | | | (10,741) | Proceeds from short-term loans | | | 4,715,034 | | | | 3,196,717 | Repayment of short-term loans | | | (2,506,375) | | | | (3,336,311) | Amount financed from related parties | | | 578,369 | | | | — | Amount repaid to related parties | | | (1,330) | | | | — | Net cash provided by financing activities | | | 56,248,985 | | | | 6,909,798 | Effect of exchange rate changes | | | 650,217 | | | | 301,762 | Net increase (decrease) in cash | | | 38,748,175 | | | | (751,854) | Cash and cash equivalents at beginning of the period | | | 6,717,787 | | | | 2,467,638 | Cash and cash equivalents at end of the period | | $ | 45,465,962 | | | $ | 1,715,784 | | | | | | | | | Supplemental disclosures of cash flows information: | | | | | | | | Cash paid for income taxes | | | 24,722 | | | | 15,326 | Cash paid for interest expense | | | 64,168 | | | | 94,780 | | | | | | | | | Supplementary disclosure of non-cash information: | | | | | | | | Right of use assets obtained in exchange for finance lease liabilities | | | — | | | | 112,071 | View original content:https://www.prnewswire.com/news-releases/inlif-limited-reports-first-half-of-fiscal-year-2026-financial-results-302889709.html

QUANZHOU, China, Sept. 16, 2026 (GLOBE NEWSWIRE) -- INLIF LIMITED (NASDAQ: INLF) (together with all its subsidiaries and consolidated entities, the “Company” or “INLIF”), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced the results of the Company's Extraordinary General Meeting (the "Meeting") held at 9:30 a.m. U.S. Eastern Time on September 15, 2026. The proposals submitted for shareholder approval at the Meeting have been approved. Specifically, the shareholders have duly passed the following resolutions: (1) Share Capital Increase. To approve, by ordinary resolution, the increase of the authorized share capital of the Company from US$350,000, divided into 1,046,875 Class A ordinary shares and 46,875 Class B ordinary shares of par value US$0.32 each, to US$2,720,000,000, divided into 8,000,000,000 Class A ordinary shares and 500,000,000 Class B ordinary shares of par value US$0.32 each, requiring the creation of an additional 7,998,953,125 Class A ordinary shares and 499,953,125 Class B ordinary shares of par value US$0.32 each. (2) Adoption of the Seventh Amended and Restated Memorandum and Articles of Association. To adopt, by special resolution and conditional upon and immediately following the Share Capital Increase, the seventh (7th) amended and restated memorandum and articles of association, substantially in the form attached as Exhibit A to the explanatory statement accompanying the notice of the Meeting previously distributed to the shareholders, primarily to reflect the Share Capital Increase, to amend Article 11.1(b) to base the quorum requirement on voting power rather than the number of shares, and to reflect certain other housekeeping changes. (3) Share Capital Reorganization. To approve, by special resolution, the reduction of the par value of each authorized ordinary share from US$0.32 to US$0.0001, through the steps described in the explanatory statement accompanying the notice of the Meeting previously distributed to the shareholders, and to authorize the Board of Directors to take all actions necessary or advisable to effect such change, conditional upon and immediately following the Share Capital Increase and subject to compliance with Sections 14, 14A, and 14B of the Companies Act (Revised) of the Cayman Islands. (4) Adoption of Amended and Restated Memorandum and Articles of Association to Reflect the Share Capital Reorganization. To adopt, by special resolution, an amended and restated memorandum and articles of association reflecting the Share Capital Reorganization, conditional upon and immediately following the Share Capital Reorganization being effected. (5) Migration to the British Virgin Islands. To approve, by special resolution, the deregistration of the Company as an exempted company under the laws of the Cayman Islands and its continuation into the British Virgin Islands as a BVI business company (the “Migration”); to authorize any Director to sign the voluntary declaration (including a statement of the Company’s assets and liabilities as required by the Companies Act (Revised)), an undertaking that the Company has no secured creditors, and a notice of the proposed BVI registered office address, each in connection with the application to the Cayman Islands Registrar of Companies; to approve the adoption, conditional upon and with immediate effect from the Migration, of a BVI-compliant memorandum and articles of association (the “BVI MAA”), substantially in the form attached as Exhibit B to the explanatory statement accompanying the notice of the Meeting previously distributed to the shareholders, to replace the Company’s existing memorandum and articles of association in their entirety; and to authorize the Board of Directors and any director or officer to take all actions, execute all documents, and make all filings necessary or desirable to effect the Migration. The proposal was expressed to be subject to all necessary governmental and regulatory consents. (6) Ratification of Independent Registered Public Accounting Firm. To ratify, by ordinary resolution, the appointment of Enrome LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. (7) Adjournment. To approve, by ordinary resolution, the adjournment of the Meeting, if necessary. The approved proposals will take effect in such sequence and subject to such conditions reviewed at the Meeting and described in the notice and explanatory statement, including any required governmental and regulatory consents and filings. The Meeting was held originally on September 8 at 9:30 a.m. U.S. Eastern Time, and was adjourned due to the absence of a quorum and in accordance with the adjourned-meeting provisions of Article 11.2(b) of the Company’s currently effective sixth amended and restated memorandum and articles of association. The ordinary shares represented in person or by proxy at this adjourned Meeting, although still less than one-third (1/3) of the outstanding ordinary shares, constituted a quorum in accordance with Article 11.2(b) as permitted under applicable Cayman Islands law. In this respect, the Company elected to follow home country practice in the Cayman Islands in lieu of satisfying the quorum-related requirements of Nasdaq’s Listing Rule 5620(c). About INLIF LIMITEDINLIF is a holding company and an exempted company incorporated in the Cayman Islands with limited liability. Through its operating entity in the People’s Republic of China, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. It has also built experience in industrial automation solutions, including in the new energy sector, as well as intelligent robotics in recent years. For more information, please visit the Company’s website: https://ir.yiwate88.com/. Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements also involve other 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 “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “aims,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. 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. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. 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 SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. For investor and media inquiries, please contact: INLIF LIMITEDInvestor Relations DepartmentEmail: [email protected] Ascent Investor Relations LLCTina XiaoPhone: +1-646-932-7242Email: [email protected]

QUANZHOU, China, March 6, 2026 /PRNewswire/ -- INLIF LIMITED (Nasdaq: INLF) (the "Company" or "INLIF"), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced its financial results for fiscal year 2025 ended December 31, 2025. Mr. Rongjun Xu, Chief Executive Officer of INLIF, remarked, "Fiscal year 2025 marked a pivotal period of transformative momentum for our growth trajectory. We believe the strategic actions taken during the year have established a strong foundation for our future development, building upon the achievements of prior years. "Throughout the year, we continued to expand our service offerings and customer base while proactively embracing emerging technologies and industry trends to explore new frontiers and growth opportunities. In response to the accelerating intelligentization of the manipulator arm industry, we strategically reallocated resources and business efforts toward newly launched equipment projects focused on the new energy sector. This strategic pivot delivered tangible results, with the new segment growing from zero to contributing 12.98% of total revenue in fiscal year 2025. This emerging business demonstrates significant growth potential and has effectively offset the decline in manipulator arm sales resulting from our adjusted production capacity. "Driven by our expansion into the new energy sector, we accelerated organizational, managerial, and research and development (R&D) transformation. During the year, we broadened our product development initiatives to include automation solutions across the lithium battery and energy storage value chain. This required increased investment in engineering, R&D, and supply chain functions. As a result, R&D expenses rose by 32.26%, reflecting an expanded R&D workforce as well as higher material usage and testing costs related to new product development and improvements to existing products. "To support long-term sustainable growth and retain key management and employees, we implemented two share-based compensation incentive plans during the year. We believe these incentives represent a prudent and necessary investment in our long-term future. These significant, though non-recurring, awards should be viewed not as compensation for past performance, but as a strategic investment in our future success. In a highly competitive industry, success at every stage, whether in technological advancement, business model innovation, or management excellence, ultimately depends on attracting and retaining top talent. We believe these incentives create a deep alignment and powerful drive for long-term value, institutionally linking the personal interests of our executives and key employees with the long-term interests of our shareholders. "Despite reporting a net loss attributable to the impacts of our transformation, we achieved revenue growth of 16.52%, maintained a relatively stable gross profit, and sustained a resilient gross margin well above 20%. These results underscore the fundamental strength and resilience of our core business model. Looking ahead, we remain confident in our operational capabilities, financial position, and our ability to execute strategies that will drive sustainable growth and long-term value." Fiscal Year 2025 Financial Summary Net revenue was $18.41 million for fiscal year 2025, representing an increase of 16.52% from $15.80 million for fiscal year 2024. Gross profit was $4.29 million for fiscal year 2025, compared to $4.55 million for fiscal year 2024. Gross profit margin was 23.33% for fiscal year 2025, compared to 28.83% for fiscal year 2024. Net loss was $5.45 million for fiscal year 2025, compared to a net income of $1.61 million for fiscal year 2024. Basic and diluted loss per share were $0.33 for fiscal year 2025, compared to basic and diluted earnings per share of $0.13 for fiscal year 2024. Fiscal Year 2025 Financial Results Net Revenue Net revenue was $18.41 million for fiscal year 2025, representing an increase of 16.52% from $15.80 million for fiscal year 2024. The increase was primarily attributable to (i) a decrease in sales of manipulator arms, including installation and warranty services, by approximately $1.26 million, primarily due to reduced production capacity after reallocating certain production personnel to newly introduced new energy sector-focused product in the second half of fiscal year 2025. As a result, production volume decreased to 2,763 units in fiscal year 2025 from 3,026 units in fiscal year 2024; (ii) an increase in sales of manipulator arms accessories by approximately $0.83 million, driven by higher replacement and assembly demand from both existing and new customers; (iii) an increase in sales of raw materials and scraps by approximately $0.70 million, as customers continued to purchase replacement materials directly from the Company due to established relationships and pricing advantages; (iv) a decrease in sales of installation services by approximately $0.05 million, mainly due to lower manipulator arm sales and certain customers using their own personnel or engaging the Company only in an advisory role, resulting in reduced installation hours; and (v) an increase in sales of new energy sector-focused products by approximately $2.39 million, attributable to the delivery and customer acceptance of new energy sector-focused product for new energy automation production lines, a business line newly commenced in fiscal year 2025. Sales of manipulator arms and installation and warranty services were $9.07 million for fiscal year 2025, compared to $10.33 million for fiscal year 2024. Sales of accessories were $2.27 million for fiscal year 2025, representing an increase of 57.74% from $1.44 million for fiscal year 2024. Sales of raw materials and scraps were $4.64 million for fiscal year 2025, representing an increase of 17.83% from $3.93 million for fiscal year 2024. Sales of installation services were $47,753 for fiscal year 2025, compared to $95,442 for fiscal year 2024. Sales of new energy sector-focused products were $2.39 million for fiscal year 2025. Cost of Revenue Cost of revenue was $14.11 million for fiscal year 2025, representing an increase of 25.53% from $11.24 million for fiscal year 2024. The increase was primarily attributable to (i) a slight decrease of approximately $0.08 million in cost of revenue from manipulator arms and installation and warranty services, despite lower production volume, as production personnel salaries increased in fiscal year 2025 compared to fiscal year 2024, primarily due to salary adjustments and additional staffing to support production activities, and manufacturing overhead also increased, resulting in higher unit production costs; (ii) an increase of approximately $0.42 million in cost of revenue from accessories, primarily due to higher sales volume; (iii) an increase of approximately $0.61 million in cost of revenue from raw materials and scraps, primarily due to increased sales volume; (iv) a slight decrease of approximately $0.003 million in cost of revenue from installation services; and (v) an increase of approximately $1.91 million in cost of revenue from new energy sector-focused products, attributable to the commencement of this business line in fiscal year 2025. Gross Profit and Gross Profit Margin Gross profit was $4.29 million for fiscal year 2025, compared to $4.55 million for fiscal year 2024. The decrease mainly due to (i) a decrease in gross profit from sales of manipulator arms, including installation and warranty services, by approximately $1.18 million, primarily due to increased production personnel salaries in fiscal year 2025 compared to fiscal year 2024, which, combined with lower production volume, resulted in a decline in gross margin; (ii) an increase in gross profit from sales of manipulator arm accessories by approximately $0.41 million, primarily due to lower raw material procurement costs in fiscal year 2025 compared to fiscal year 2024, which were not accompanied by a corresponding decrease in selling prices, resulting in an improvement in gross margin; (iii) an increase in gross profit from sales of raw materials and scraps by approximately $0.09 million, primarily due to higher sales volume, while gross margin remained relatively stable; and (iv) a decrease in gross profit from sales of installation services by approximately $0.05 million, primarily due to lower service revenue in fiscal year 2025 compared to fiscal year 2024, while related service costs remained relatively stable, resulting in a decline in gross profit and gross margin. Gross profit margin was 23.33% for fiscal year 2025, compared to 28.83% for fiscal year 2024. Operating Expenses Operating expenses were $10.11 million for fiscal year 2025, representing an increase of 209.63% from $3.27 million for fiscal year 2024. Selling expenses were $0.95 million for fiscal year 2025, representing an increase of 1.51% from $0.94 million for fiscal year 2024. The increase was primarily attributable to higher certification expenses incurred in connection with obtaining European Conformity certification for the European Union and Underwriters Laboratories certification for the United States in fiscal year 2025. General and administrative expenses were $7.09 million for fiscal year 2025, representing an increase of 827.86% from $0.76 million for fiscal year 2024. The increase was primarily attributable to share-based compensation expenses of approximately $5.14 million in connection with equity awards granted to management and certain employees in May and August, 2025. In addition, general and administrative expenses increased by approximately $0.17 million, due to higher payroll expenses resulting from an increase in headcount in the Company's management department from 22 employees in fiscal year 2024 to 28 employees in fiscal year 2025. Research and development expenses were $2.07 million for fiscal year 2025, representing an increase of 32.26% from $1.56 million for fiscal year 2024. The increase was primarily attributable to the expansion of the Company's research and development team, with headcount increasing from 29 employees in fiscal year 2024 to 30 employees in fiscal year 2025, resulting in higher personnel costs. In addition, the Company increased its investment in research activities, including higher material consumption and testing expenses. Net Income (Loss) Net loss was $5.45 million for fiscal year 2025, compared to a net income of $1.61 million for fiscal year 2024. Basic and Diluted Earnings (Loss) per Share Basic and diluted loss per share were $0.33 for fiscal year 2025, compared to basic and diluted earnings per share of $0.13 for fiscal year 2024. Financial Condition As of December 31, 2025, the Company had cash and cash equivalents of $6.72 million, compared to $2.47 million as of December 31, 2024. Net cash used in operating activities was $1.89 million for fiscal year 2025, compared to net cash provided by operating activities of $1.58 million for fiscal year 2024. Net cash used in investing activities was $0.20 million for fiscal year 2025, compared to net cash provided by investing activities of $0.32 million for fiscal year 2024. Net cash provided by financing activities was $6.87 million for fiscal year 2025, compared to $0.22 million for fiscal year 2024. About INLIF LIMITED Through its operating entity in the People's Republic of China, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. For more information, please visit the Company's website: https://ir.yiwate88.com/. 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 "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. 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. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). 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 SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. For investor and media inquiries, please contact: INLIF LIMITED 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/inlif-limited-reports-fiscal-year-2025-financial-results-302706794.html

QUANZHOU, China, Sept. 29, 2025 /PRNewswire/ -- INLIF LIMITED (Nasdaq: INLF) (the "Company" or "INLIF"), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced its unaudited financial results for the first half of fiscal year 2025 ended June 30, 2025. Mr. Rongjun Xu, Chief Executive Officer of INLIF, remarked, "We are pleased to present our financial performance results for the first half of fiscal year 2025, highlighting our continued growth in both revenue and gross profit as compared to the same period in 2024. Driven by the expansion of our customer base and rising demand for manipulator arms, particularly from capacity expansion in industries such as new energy vehicles, home appliances, and packaging, along with government incentives for automation and intelligent manufacturing, our revenue maintained strong momentum, increasing 52.49% year-over-year for the six-month period, while gross profit grew 4.90%. This performance reflects the success of our proactive expansion strategy, including active sales and marketing initiatives and a strong focus on technological innovation, which have significantly contributed to new customer acquisition and sales growth. During the period, we actively participated in domestic industry exhibitions to attract potential customers and executed expansion initiatives through online platforms to enhance overseas outreach. Specifically, we exhibited in Shenzhen, Xiamen and Wenzhou, generating over 450 qualified leads and converting 15 into new orders. At the same time, we are committed to continuing our investment in research and development (R&D) to advance our products with more practical and efficient technologies. Furthermore, we believe that our successful initial public offering on Nasdaq has elevated our brand recognition and market visibility. In parallel, we adhered to a disciplined and balanced cost-control strategy. We tightened control over selling expenses by reducing travel and marketing costs, while improving the efficiency of customer acquisition through hosting receptions at our own facilities and leveraging online platforms more effectively. Meanwhile, we expanded our administrative headcount and granted share-based compensation to key administrative employees during the period to strengthen our core management team and support future development. While these one-time expenses contributed to a net loss for the current period, we believe they had no material impact on our operations or financial health. Looking ahead, we remain confident in our preparation and ongoing strategic initiatives for sustained growth and development. We are committed to delivering greater value to our shareholders through our unwavering efforts and dedication." First Half of Fiscal Year 2025 Financial Summary Net revenue was $10.27 million for the first half of fiscal year 2025, representing an increase of 52.49% from $6.74 million for the same period of last year. Gross profit was $1.80 million for the first half of fiscal year 2025, representing an increase of 4.90% from $1.71 million for the same period of last year. Gross profit margin was 17.50% for the first half of fiscal year 2025, compared to 25.45% for the same period of last year. Net loss was $1.98 million for the first half of fiscal year 2025, compared to a net income of $0.39 million for the same period of last year. Basic and diluted loss per share were $0.13 for the first half of fiscal year 2025, compared to basic and diluted earnings per share of $0.03 for the same period of last year. F irst H alf of F iscal Y ear 2025 Financial Results Net Revenue Net revenue was $10.27 million for the first half of fiscal year 2025, representing an increase of 52.49% from $6.74 million for the same period of last year. The increase was primarily attributable to (i) an increase in sales of manipulator arms, including installation and warranty services, by approximately $1.03 million; (ii) an increase in sales of raw materials and scraps by approximately $3.21 million. These increases were partially offset by decreases of approximately $0.66 million and $0.05 million in sales of accessories and installation services, respectively, as the increased demand from existing customers for raw materials resulted in lower demand for accessories. Sales of manipulator arms and installation and warranty services were $4.37 million for the first half of fiscal year 2025, representing an increase of 30.69% from $3.35 million for the same period of last year. Sales of accessories were $0.39 million for the first half of fiscal year 2025, compared to $1.05 million for the same period of last year. Sales of raw materials and scraps were $5.47 million for the first half of fiscal year 2025, representing an increase of 142.33% from $2.26 million for the same period of last year. Sales of installation services were $41,523 for the first half of fiscal year 2025, compared to $87,364 for the same period of last year. Cost of Revenue Cost of revenue was $8.47 million for the first half of fiscal year 2025, representing an increase of 68.73% from $5.02 million for the same period of last year. The increase was primarily attributable to the Company's business growth and an increase in sales resulting in an increase of costs accordingly. Gross Profit and Gross Profit Margin Gross profit was $1.80 million for the first half of fiscal year 2025, representing an increase of 4.90% from $1.71 million for the same period of last year. The increase mainly due to (i) an increase in gross profit from sales of manipulator arms, including installation and warranty services, by approximately $0.05 million; (ii) an increase in gross profit from sales of raw materials and scraps by approximately $0.18 million; and (iii) offset by a decrease in gross profit from sales of accessories and installation services by approximately $0.10 million and $0.05 million, respectively Gross profit margin was 17.50% for the first half of fiscal year 2025, compared to 25.45% for the same period of last year. Operating Expenses Operating expenses were $3.87 million for the first half of fiscal year 2025, representing an increase of 148.04% from $1.56 million for the same period of last year. Selling expenses were $0.41 million for the first half of fiscal year 2025, representing a decrease of 14.48% from $0.48 million for the same period of last year. The decrease was mainly due to (i) a reduction of approximately $0.02 million in entertainment expenses, as customer receptions were held at the Company's own facilities; (ii) a reduction of approximately $0.01 million in travel expenses, mainly due to fewer personnel participating in exhibitions in the first half of 2025 compared with the same period in 2024; and (iii) a decrease of approximately $0.08 million in advertising expenses, as the Company did not renew its advertising contract upon expiration in 2025. General and administrative expenses were $2.68 million for the first half of fiscal year 2025, representing an increase of 485.23% from $0.46 million for the same period of last year. The increase was mainly due to (i) an increase in staff salaries and benefits by approximately $0.06 million, primarily due to the growth in administrative headcount from 118 in the first half of 2024 to 149 in the first half of 2025; (ii) an increase of share-based compensation expenses by approximately $1.76 million in connection with equity incentives granted to three key administrative employees in the first half of 2025; and (iii) an increase of approximately $0.04 million in expenses related to the Company's internal celebration of its Nasdaq listing. Research and development expenses were $0.77 million for the first half of fiscal year 2025, representing an increase of 24.68% from $0.62 million for the same period of last year. The increase was primarily attributable to the expansion of the research and development team, with headcount rising from 141 in the first half of 2024 to 186 in the first half of 2025, resulting in higher personnel costs, as well as increased investment in research activities and related material consumption. Net Income (Loss) Net income was $1.98 million for the first half of fiscal year 2025, compared to a net income of $0.39 million for the same period of last year. Basic and Diluted Earnings (Loss) per Share Basic and diluted loss per share were $0.13 for the first half of fiscal year 2025, compared to basic and diluted earnings per share of $0.03 for the same period of last year. Financial Condition As of June 30, 2025, the Company had cash and cash equivalents of $1.72 million, compared to $2.47 million as of December 31, 2024. Net cash used in operating activities was $2.94 million for the first half of fiscal year 2025, compared to $0.29 million for the same period of last year. Net cash used in investing activities was $5.02 million for the first half of fiscal year 2025, compared to $5,743 for the same period of last year. Net cash provided by financing activities was $6.91 million for the first half of fiscal year 2025, compared to $1.47 million for the same period of last year. About INLIF LIMITED Through its operating entity in the People's Republic of China, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. For more information, please visit the Company's website: https://ir.yiwate88.com/. 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 "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. 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. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the registration statement filed with the U.S. Securities and Exchange Commission (the " SEC ") . 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 SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. For investor and media inquiries, please contact: INLIF LIMITED 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/inlif-limited-reports-first-half-of-fiscal-year-2025-financial-results-302569972.html

QUANZHOU, China, April 29, 2025 /PRNewswire/ -- INLIF LIMITED (Nasdaq: INLF) (the "Company" or "INLIF"), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced its financial results for the year ended December 31, 2024. Mr. Rongjun Xu, the chief executive officer of INLIF, remarked, "We are thrilled to report the performance for fiscal year 2024, with growth recorded across revenue, gross profit, and net income. This success was fueled by sustained demand from existing clients and new customers acquired through our strategic marketing initiatives. Our strategic expansion also played a pivotal role in driving sales growth and penetrating new sectors and emerging markets. These combined efforts resulted in a 25.26% year-over-year increase in revenue. As sales increased, our gross margin declined slightly to 28.83%, which contributed to a 9.49% increase in gross profit, highlighting our profitability and effective cost control measures. "In preparation for our Nasdaq listing and to unlock greater opportunities in new markets, we launched proactive marketing campaigns and offered attractive incentive commissions to enhance brand recognition and order acquisition. These efforts included participation in exhibitions across China and exploration of overseas markets, particularly in Southeast Asia and India. Meanwhile, we have supported our revenue growth with only a moderate increase in operational costs. We continued to invest in research and development, and we plan to accelerate the acquisition of talents, patents, and technologies to meet the evolving and diversifying needs of the market. "Thanks to the outstanding efforts of our team and the strong execution of our strategic initiatives, net income rose by 18.78% during our first financial report post-listing. Looking ahead, we anticipate opportunities for continued growth and development, supported by the enhanced visibility and access to capital provided by our Nasdaq listing. In addition, the rise of emerging technology innovations and the increasing adoption of automation infrastructure are expected to significantly accelerate growth in the manipulator arms industry. We are confident that our proactive and pragmatic business strategies will place us on a sustainable and thriving path, delivering long-term value to the Company and our shareholders." Fiscal Year 2024 Financial Highlights Net revenue was $15.80 million for fiscal year 2024, representing an increase of 25.26% from $12.61 million for fiscal year 2023. Gross profit was $4.55 million for fiscal year 2024, representing an increase of 9.49% from $4.16 million for fiscal year 2023. Gross profit margin was 28.83% for fiscal year 2024, compared to 32.98% for fiscal year 2023. Net income was $1.61 million for fiscal year 2024, representing an increase of 18.78% from $1.35 million for fiscal year 2023. Basic and diluted earnings per share were $0.13 for fiscal year 2024, compared to $0.11 for fiscal year 2023. Fiscal Year 2024 Financial Results Net Revenue Net revenue was $15.80 million for fiscal year 2024, representing an increase of 25.26% from $12.61 million for fiscal year 2023. The increase was primarily attributable to (i) an increase in sales of manipulator arms, including installation and warranty services, by approximately $0.51 million; (ii) an increase in sales of manipulator arms accessories by approximately $0.44 million; (iii) an increase in sales of raw materials and scraps by approximately $2.27 million; and (iv) a decrease in sales of installation services by approximately $0.04 million. Sales of manipulator arms and installation and warranty services were $10.33 million for fiscal year 2024, representing an increase of 5.23% from $9.82 million for fiscal year 2023. Sales of accessories were $1.44 million for fiscal year 2024, representing an increase of 44.08% from $1.00 million for fiscal year 2023. Sales of raw materials and scraps were $3.93 million for fiscal year 2024, representing an increase of 136.61% from $1.66 million for fiscal year 2023. Sales of installation services were $95,442 for fiscal year 2024, representing a decrease of 29.14% from $134,697 for fiscal year 2023. Cost of Revenue Cost of revenue was $11.24 million for fiscal year 2024, representing an increase of 33.03% from $8.45 million for fiscal year 2023. The increase was primarily attributable to the Company's business growth and an increase in sales resulting in an increase in costs accordingly. Gross Profit and Gross Profit Margin Gross profit was $4.55 million for fiscal year 2024, representing an increase of 9.49% from $4.16 million for fiscal year 2023. The increase mainly due to (i) an increase in gross profit from sales of manipulator arms, including installation and warranty services, by approximately $0.47 million; (ii) a decrease in gross profit from sales of manipulator arms accessories by approximately $0.11 million; (iii) an increase in gross profit from sales of raw materials and scraps by approximately $0.06 million; and (iv) a decrease in gross profit from sales of installation services by approximately $0.03 million. Gross profit margin was 28.83% for fiscal year 2024, compared to 32.98% for fiscal year 2023. Operating Expenses Operating expenses were $3.27 million for fiscal year 2024, representing an increase of 17.74% from $2.77 million for fiscal year 2023. Selling expenses were $0.94 million for fiscal year 2024, representing an increase of 36.46% from $0.69 million for fiscal year 2023. The increase was mainly due to (i) an increase in exhibition expenses by approximately $0.12 million, resulting from participation in an additional four exhibitions across four cities in China in 2024; (ii) an increase in salary by approximately $0.12 million, as the growth in revenue has led to higher commissions for sales personnel, alongside the addition of three sales representatives in 2024 compared to 2023; and (iii) an increase in transportation fees by approximately $0.19 million, due to increase of sales to customers from other provinces, such as Guangdong, Zhejiang, and Jiangsu, resulting in a rise in related transportation costs. General and administrative expenses were $0.76 million for fiscal year 2024, representing an increase of 5.58% from $0.72 million for fiscal year 2023. The increase was mainly due to an increase in consulting fees for external public relations and internal control. Research and development expenses were $1.56 million for fiscal year 2024, representing an increase of 14.76% from $1.36 million for the same period of last year. The increase was primarily attributable to increased investment in research and corresponding material consumption to enhance the quality and performance of manipulator arms. Net Income Net income was $1.61 million for fiscal year 2024, representing an increase of 18.78% from $1.35 million for fiscal year 2023. Basic and Diluted Earnings per Share Basic and diluted earnings per share were $0.13 for fiscal year 2024, compared to $0.11 for fiscal year 2023. Financial Condition As of December 31, 2024, the Company had cash and cash equivalents of $2.47 million, compared to $0.60 million as of December 31, 2023. Net cash provided by operating activities was $1.58 million for fiscal year 2024, compared to $0.40 million for fiscal year 2023. Net cash provided by investing activities was $0.32 million for fiscal year 2024, compared to net cash used in investing activities of $0.22 million for fiscal year 2023. Net cash provided by financing activities was $0.22 million for fiscal year 2024, compared to $0.46 million for fiscal year 2023. Recent Development On January 3, 2025, the Company completed its initial public offering of 2,000,000 ordinary shares at a public offering price of US$4.00 per share. The Company's ordinary shares began trading on the Nasdaq Capital Market on January 2, 2025, under the ticker symbol "INLF." About INLIF LIMITED Through its operating entity in the People's Republic of China, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. For more information, please visit the Company's website: https://ir.yiwate88.com/. 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 "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. 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. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). 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 SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. For investor and media inquiries, please contact: INLIF LIMITED 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/inlif-limited-reports-fiscal-year-2024-financial-results-302441939.html SOURCE INLIF LIMITED