ZJK

Record revenues and earnings driven by strong demand and high-value product strategy Well-positioned for continued growth in 2026 supported by AI, electric vehicles and advanced smart technologies SHENZHEN, China, April 29, 2026 (GLOBE NEWSWIRE) -- ZJK Industrial Co., Ltd. (NASDAQ: ZJK) (“ZJK” or the “Company”), a high-tech precision parts and hardware manufacturer serving artificial intelligence (AI) infrastructure, consumer electronics, electric vehicles, aerospace, and other smart technologies, today announced its financial results for the fiscal year ended December 31, 2025. Fiscal Year 2025 Financial Highlights Revenues were an all-time high of US$56.10 million for 2025, an increase of 48.39% from US$37.81 million for 2024. Gross profit was US$24.50 million for 2025, up 80.62% from US$13.57 million for 2024. Gross margin was 43.67% for 2025, an increase of 7.79% from 35.88% for 2024. Income from operations was US$9.46 million for 2025, an increase of 478.90% from US$1.63 million for 2024. Net income reached a record of US$10.15 million for 2025, up 177.21% from US$3.66 million for 2024. Basic and diluted earnings per share were both US$0.16 for 2025, an increase of 166.67% from US$0.06 for 2024. Net cash provided by operating activities was US$6.56 million for 2025, an increase of 22.78% from US$5.34 million for 2024. Cash and cash equivalents, restricted short-term deposits, and short-term investments amounted to US$18.62 million as of December 31, 2025, up 19.28% from US$15.61 million as of December 31, 2024. Mr. Ning Ding, Chief Executive Officer and Chairman, commented, “We are very excited to cap 2025 with stellar results and carry strong momentum into 2026, driven by consistent execution of our long-term growth strategy. Specifically, we achieved record revenues of US$56.10 million and net income of US$10.15 million in 2025, representing year-over-year growth of 48.39% and 177.21%, respectively. This performance demonstrates our ability to scale efficiently and meet growing demand in key end markets like AI, consumer electronics, and new energy vehicles, while validating the effectiveness of our strategic focus on higher-precision, higher-value products and continued operational investments. We are particularly encouraged by the progress we are making in our product portfolio. The transition of new projects into stable mass production, combined with growing customer recognition of our precision and quality standards, drove gross margin to 43.67%, up 7.79% year-over-year, and strengthened our competitive position in ways we believe will continue to compound over time. We also saw meaningful traction in executing our global expansion strategy across both supply and demand. By advancing localized manufacturing capabilities in Vietnam, we are building a more diversified, flexible and resilient global production network. We are also considering establishing our presence in U.S. In parallel, we increased spending in market development across North America, Singapore and Taiwan, expanding our presence in key regions and strengthening our global customer base to support long-term growth. Importantly, our sustained investment in advanced manufacturing machinery, equipment, and research and development is delivering tangible results. Through continuous innovation in manufacturing processes, automation and precision engineering, we are improving efficiency, optimizing cost structures, and expanding our portfolio of high-performance products. These capabilities enable us to meet the increasingly stringent requirements of high-end applications such as AI servers, semiconductor equipment and automated production systems, positioning ZJK as a critical enabler within the global high-end manufacturing ecosystem. Looking ahead, we remain confident in our growth trajectory. We see significant opportunities ahead as the accelerating adoption of AI infrastructure, electric vehicles and advanced smart technologies drives rising demand for high-precision components. With our continued focus on innovation, operational excellence and targeted global expansion, we believe we are well positioned to deliver sustainable growth and long-term value for our shareholders.” Fiscal Year 2025 Financial Results Revenues Revenues were US$56.10 million for 2025, an increase of 48.39% from US$37.81 million for 2024. This increase was driven by a rise in sales volume, which grew by 28.54%, along with higher average unit sales prices. Cost of Revenues Cost of revenues were US$31.60 million for 2025, an increase of 30.35% from US$24.24 million for 2024. This increase was mainly due to increased sales volume of the Company’s products. Gross Profit and Gross Profit Margin Gross profit was US$24.50 million for 2025, an increase of 80.62% from US$13.57 million for 2024. This increase was mainly due to the increased sales volume and increased average unit sales price of our hardware products. The gross profit margin was 43.67% for 2025, up 7.79% from 35.88% for 2024, mainly due to (i) an increase in average unit sales prices, supported by a shift towards more complex, high-precision, and value-added products, which improved our market competitiveness; (ii) a decrease in average unit costs, due to the optimization of our production technology and economies of scale resulting from increased production volumes; and (iii) the successful transition of new projects into mass production, which helped to dilute fixed costs and contributed to overall margin expansion. Total Operating Expenses Total operating expenses were US$15.04 million for 2025, compared with US$11.93 million for 2024. General and administrative expenses were US$6.75 million for 2025, remaining relatively stable compared with US$6.71 million for 2024. Selling and marketing expenses were US$7.17 million for 2025, an increase of 52.18% from US$4.71 million for 2024. This increase was primarily due to (i) an increase of US$1.72 million in sales commission resulting from business expansion into markets such as North America, Singapore, and Taiwan, China, (ii) an increase of US$0.48 million in salaries and benefits for sales and marketing personnel due to higher headcounts to support our business expansion, and (iii) an increase of US$0.23 million in freight costs for sale of products mainly reflecting expanded overseas shipping demands. Research and development expenses were US$1.11 million for 2025, an increase of 103.07% from US$0.55 million for 2024. This increase was primarily attributable to (i) an increase of US$0.40 million in material consumption driven by a growing number of product development projects and the transition of several projects into the trial production stage, and (ii) an increase of US$0.17 million in salaries and benefits for research and development personnel, reflecting performance-based salary adjustments to retain core technical staff. Income from operations Income from operations surged to US$9.46 million for 2025, an increase of 478.90% from US$1.63 million for 2024. Other income, net Other income, net was US$4.36 million for 2025, an increase of 32.33% from US$3.29 million for 2024. This increase was primarily attributable to (i) an increase in investment income of US$0.79 million generated from long-term equity investment in PSM-ZJK Fasteners (Shenzhen) Co., Ltd, (ii) an increase of US$0.23 million in interest income from structured deposits and time deposits. Net Income Net income was US$10.15 million for 2025, an increase of 177.21% from US$3.66 million for 2024. Basic and Diluted Earnings per Share Basic and diluted earnings per share were both US$0.16 for 2025, an increase of 166.67% from US$0.06 for 2024. Financial Condition As of December 31, 2025, the Company had cash and cash equivalents, restricted short-term deposits and short-term investments of US$18.62 million, compared to US$15.61 million as of December 31, 2024. About ZJK Industrial Co., Ltd. ZJK Industrial Co., Ltd. is a high-tech precision parts and hardware manufacturer serving artificial intelligence (AI) infrastructure, consumer electronics, electric vehicles, aerospace, and other smart technologies. With over 15 years in the precision metal parts manufacturing industry, the Company maintains a skilled professional team, a series of highly automated and precision manufacturing equipment, a stable and diversified customer base, and comprehensive quality management systems. ZJK mainly offers standard screws, precision screws and nuts, high-strength bolts and nuts, turning parts, stamping parts and Computer Numerical Control (CNC) machining parts, CNC milling parts, high precision structural components, Surface Mounting Technology (SMT) for miniature parts packaging, and technology service for research and development from a professional engineering team. For more information, please visit the Company's website at https://ir.zjk-industrial.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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to,” “propose” 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 filings with the U.S. Securities and Exchange Commission. For more information, please contact: ZJK Industrial Co., Ltd. Phone: +86-755-28341175 Email: [email protected] The Blueshirt Group Asia Feifei Shen Phone: +86-134-66566136 Email: [email protected] * The shares and per share information are presented on a retroactive basis to reflect the reorganization completed on March 28, 2023, the two share splits that occurred on June 19, 2023 and June 6, 2024, respectively. * The shares and per share information are presented on a retroactive basis to reflect the reorganization completed on March 28, 2023 and the two share splits that occurred on June 19, 2023 and June 6, 2024, respectively.

SHENZHEN, China, Sept. 22, 2025 /PRNewswire/ -- ZJK Industrial Co., Ltd. (NASDAQ: ZJK) ("ZJK Industrial", "ZJK" or the "Company"), a high-tech precision parts and hardware manufacturer for artificial intelligence (AI) infrastructure, consumer electronics, electric vehicles, aerospace and other smart technologies, today announced its unaudited financial results for the first six months of fiscal year 2025 ended June 30, 2025. First Six Months of Fiscal Year 2025 Financial Highlights Revenue increased by 52.21%, to US$24.70 million for the six months ended June 30, 2025, from US$16.23 million for the same period of last year. Gross profit increased by 63.01%, to US$12.32 million for the six months ended June 30, 2025, from US$7.56 million for the same period of last year. Income from operations increased by 19.22%, to US$5.86 million for the six months ended June 30, 2025, from US$4.92 million for the same period of last year. Net income increased by 7.59%, to US$5.84 million for the six months ended June 30, 2025, from US$5.43 million for the same period of last year. Basic and diluted earnings per share was US$0.10 for the six months ended June 30, 2025, increased from US$0.09 for the same period of last year. Mr. Ning Ding, Chief Executive Officer and Chairman, commented, "We are pleased to report strong performance for the first half of fiscal year 2025. Thanks to the consistent efforts of our entire team and the firm execution of our deliberate and robust strategy, revenue increased by 52.21%, accompanied by a 63.01% growth in gross profit during the period. Specifically, our sales volumes of hardware products, including turned parts, screws and stamping parts, grew strongly by 33.13%, 45.59% and 177.47%, respectively. This momentum was driven by rising market demand for higher precision and quality, together with our agile pricing strategies that balanced both price increases and reductions across different product categories. While securing customer orders through flexible and targeted pricing strategies, we also maintained a positive margin trajectory, with gross margin increased by 7.09%. This was mainly attributable to price increases on products requiring stricter precision and quality standards, as well as cost reductions achieved through technological innovation, improved production processes, and higher sales of self-manufactured products. During this period, we also advanced our global expansion to reach a broader customer base and establish a forward-looking market presence. This is reflected in higher general and administrative expenses, particularly professional service fees related to our follow-on offering and increased consulting fees for strategic growth initiatives, and in selling and marketing expenses to drive sales generation and market expansion. Over the six months, these expenses rose by 119.66% and 201.87%, respectively, further strengthening the foundation for our long-term expansion and sustainable growth. At the same time, we are enhancing operations and advancing technology. To meet the rising demand for precision parts, we are expanding production capacity with upgraded facilities and new equipment, including high-precision Computer Numerical Control (CNC) lathes, milling machines, special designed automation equipment and multi-station cold-forging machines. Our sustained investment in research and development is also blossoming, as several patented systems and equipment have delivered significant improvements in manufacturing efficiency and customized processing. With these technological advancements, we are confident in strengthening our industry leadership and market share. Looking ahead, we remain committed to technology innovation and sustainable expansion. To achieve this strategy, we will continue to strengthen our internal capabilities while staying attuned to market trends and business opportunities in the fast-evolving era of AI-driven innovation." First Six Months of Fiscal Year 2025 Financial Results Revenue Revenue increased by 52.21%, to US$24.70 million for the six months ended June 30, 2025, from US$16.23 million for the same period of last year. Revenues generated from customers in China accounted for 86.50% and 87.91% of the total revenue for the six months ended June 30, 2024 and 2025, respectively. Revenue from sales of hardware products increased by 52.21%, to US$24.70 million for the six months ended June 30, 2025, from US$16.23 million for the same period of last year. The increase was mainly due to the sales volume of the Company's products for the six months ended June 30, 2025 increased by 44.27% compared to that for the six months ended June 30, 2024, with a slightly increase in average unit sales price of the Company's products. For turned parts, the sales volume increased by 33.13% and the average sales unit price increased by 13.68% for the six months ended June 30, 2025, compared to those for the same period of last year, resulting in an increase of US$3.97 million in revenue. The sales volume and the average sales unit price of turned parts increased mainly due to the growing demand from customers whose projects required stricter precision and quality requirements for the six months ended June 30, 2025. For screws products, the sales volume of screws increased by 45.59% with a slightly decrease in average unit sales price for the six months ended June 30, 2025, compared to those for the same period of last year, resulting in an increase of US$2.69 million in revenue. For stamping parts, the sales volume increased by 177.47% with a slightly decrease in average unit sales price for the six months ended June 30, 2025, compared to that for the same period of last year, resulting in an increase of US$1.54 million in revenue. The sales volume of both screws products and stamping parts increased mainly due to a price reduction strategy to maintain customer order share for the six months ended June 30, 2025. Cost of Revenue Cost of revenues increased by 42.80%, to US$12.38 million for the six months ended June 30, 2025, from US$8.67 million for the same period of last year, which was mainly due to the increasing sales volume of the Company's products. Gross Profit and Gross Profit Margin Gross profit increased by 63.01%, to US$12.32 million for the six months ended June 30, 2025, from US$7.56 million for the same period of last year. The gross profit increased mainly due to the increased sales volume of the Company's hardware products. The gross profit margin increased by 7.09% for the six months ended June 30, 2025. General and administrative expenses The general and administrative expenses increased by 119.66%, to US$2.69 million for the six months ended June 30, 2025, from US$1.22 million for the same period of last year, which was primarily attributable to (i) an increase of US$0.85 million in professional service fees, primarily including increased legal fees related to the Company's follow-on offering, and increased consulting fees for strategic growth initiatives in North America, (ii) an increase of US$0.30 million in salaries and benefits for administrative personnel due to an increase of employee headcounts resulting from the Company's business growth, and (iii) an increase of US$0.13 million in office expenses, primarily driven by higher headcount, which led to greater demand for office supplies and related expenses. Selling and marketing expenses The selling and marketing expenses increased by 201.87%, to US$3.56 million for the six months ended June 30, 2025, from US$1.18 million for the same period of last year, which was primarily due to (i) an increase of US$1.97 million in sales commission resulting from business expansion into markets such as North America, Singapore, and Taiwan, China, (ii) an increase of US$0.2 million in salaries and benefits for sales and marketing personnel due to higher headcounts to support the Company's business expansion, and (iii) an increase of US$0.12 million in freight costs for sale of products reflecting expanded overseas shipping demands. Income from operations Income from operations increased by 19.22%, to US$5.86 million for the six months ended June 30, 2025, from US$4.92 million for the same period of last year. Other income, net Other income, net increased by 51.97%, to US$1.91 million for the six months ended June 30, 2025, from US$1.26 million for the same period of last year, which was primarily attributable to (i) an increase of US$0.32 million in investment income from long-term equity investment in PSM-ZJK Fasteners (Shenzhen) Co., Ltd, (ii) an increase of US$0.11 million in income from disposal of scrap materials, and (iii) an increase of US$0.11 million in interest income from structured deposits and time deposits, (iv) an increase of US$0.10 million in currency exchange gain. Net Income Net income increased by 7.59% to US$5.84 million for the six months ended June 30, 2025, from US$5.43 million for the same period of last year. Basic and Diluted Earnings per Share Basic and diluted earnings per share was US$0.10 for the six months ended June 30, 2025, compared to US$0.09 for the same period of last year. Financial Condition As of June 30, 2025, the Company had cash and cash equivalents of US$14.45 million and restricted cash of US$1.49 million, compared to US$12.26 million and US$0.80 million as of December 31, 2024, respectively. Net cash provided by operating activities was US$2.48 million for the six months ended June 30, 2025, compared to US$7.73 million for the same period of last year. Net cash provided by investing activities was US$0.13 million for the six months ended June 30, 2025, compared to net cash used in investing activities of US$0.32 million for the same period of last year. Net cash provided by financing activities was US$0.06 million for the six months ended June 30, 2025, compared to net cash used in financing activities of US$0.47 million for the same period of last year. Recent Development For the first six months of fiscal year 2025, the Company achieved several milestones. It presented at the Microcap Conference in Atlantic City to engage investors, expanded operations with advanced Computer Numerical Control (CNC) and multi-station cold-forging machines to meet surging demand, and was named a Top 100 enterprise in Shenzhen Pingshan New District. In addition, ZJK secured a patent for an image recognition-based surface-mount technology (SMT) inspection-control system, enhancing automation and efficiency in precision manufacturing. About ZJK Industrial Co., Ltd. ZJK Industrial Co., Ltd. is a high-tech enterprise specializing in the manufacturing and sale of precision fasteners, structural parts and other precision metal parts applied in a variety of industries, including intelligent electronic equipment, new energy vehicles, aerospace, energy storage systems, medical and liquid cooling systems used in artificial intelligence supercomputers. With over fourteen years in the precision metal parts manufacturing industry, the Company maintains a skilled professional team, a series of highly automated and precision manufacturing equipment, stable and strong customer group, and complete quality management systems. ZJK mainly offers standard screws, precision screws and nuts, high-strength bolts and nuts, turning parts, stamping parts and Computer Numerical Control (CNC) machining parts, CNC milling parts, high precision structural components, Surface Mounting Technology (SMT) for miniature parts packaging, and technology service for research and development from a professional engineering team. For more information, please visit the Company's website at https://ir.zjk-industrial.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 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 registration statement and other filings with the U.S. Securities and Exchange Commission. For more information, please contact: ZJK Industrial Co., Ltd. Phone: +86-755-28341175 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/zjk-industrial-co-ltd-reports-financial-results-for-the-first-six-months-of-fiscal-year-2025-302562712.html

SHENZHEN, China, April 28, 2025 /PRNewswire/ -- ZJK Industrial Co., Ltd. (NASDAQ: ZJK) ("ZJK Industrial", "ZJK" or the "Company"), a high-tech precision parts and hardware manufacturer for artificial intelligence (AI) infrastructure, consumer electronics, electric vehicles, aerospace and other smart technologies, today announced its financial results for the fiscal year ended December 31, 2024. Mr. Ning Ding, Chief Executive Officer of ZJK Industrial, commented: "We are pleased to report strong performance for fiscal year 2024. During this period, our revenue increased by 30.13%, driven by robust growth in sales volume for the year ended December 31, 2024. Amid the ongoing AI-related industry growth, sales volume increased across all product segments—ranging from over 7% to 50%—thanks to our flexible pricing strategy tailored to the rise in AI-related projects. To meet rising demand and fulfill a growing pipeline of purchase orders, we have been expanding our production capabilities by upgrading our facilities and adding new equipment. As a result of these initiatives, our gross profit rose by 23.09%, although our gross margin slightly declined to 35.88% from 37.93%. In 2024, selling and marketing expenses increased significantly—by approximately 169.08%—as we pursued business expansion in global markets. At the same time, we increased our research and development (R&D) investment by 20.36% to recruit top talent and support our continued growth, reflecting our deep commitment to technological innovation and high quality. These efforts are bearing fruit, as evidenced by our emerging new products and advanced technologies—for example, a series of high-quality innovative products launched at NVIDIA's GPU Technology Conference in March 2025—as well as our recognition as one of the Top 100 Enterprises by the local government in April 2025, in acknowledgment of our outstanding performance and contributions to the region's economic and technological development. We will continue to execute our business strategy and operational initiatives to seize opportunities presented by the next wave of technological innovation. At the same time, we will strengthen our supply chain resilience to diversify and mitigate risks associated with global uncertainties." Fiscal Year 2024 Financial Summary Revenues were US$37.81 million in fiscal year 2024, an increase of 30.13% from US$29.05 million in fiscal year 2023. Gross profit was US$13.57 million in fiscal year 2024, an increase of 23.09% from US$11.02 million in fiscal year 2023. Gross margin was 35.88% in fiscal year 2024, compared to 37.93% in fiscal year 2023. Net income was US$3.66 million in fiscal year 2024, compared to US$7.69 million in fiscal year 2023. Basic and diluted earnings per share were US$0.06 in fiscal year 2024, compared to US$0.13 in fiscal year 2023. Fiscal Year 2024 Financial Results Revenues Total revenues were US$37.81 million in fiscal year 2024, an increase of 30.13% from US$29.05 million in fiscal year 2023. The increase was mainly due to the sales volume of products for fiscal year 2024 increased by 27.58% compared to that for fiscal year 2023, with a slightly increase in average unit sales price of products, particularly in AI-related projects added in 2024. For screws products, the sales volume for fiscal year 2024 increase by 32.17% with a slightly decrease in average unit sales price, compared to that for fiscal year 2023, contributing an increase of US$3.77 million in revenue. The sales volume increased mainly due to a price reduction strategy to maintain customer order share in 2024. For turned parts, the sales volume and the average sales unit price for fiscal year 2024 increase by 7.35% and 15.69%, respectively, compared to that for fiscal year 2023, contributing an increase of US$3.22 million in revenue. For stamping parts, the sales volume and the average sales unit price for fiscal year 2024 increased by 50.62% and 99.07%, respectively compared to that for fiscal year 2023, contributing an increase of US$1.68 million in revenue. The sales volume and the average sales unit price of both turned parts and stamping parts increased mainly due to the addition of AI-related projects and customers with premium pricing in 2024, particularly in stamping parts. Cost of Revenues Cost of revenue was US$24.24 million in fiscal year 2024, an increase of 34.43% from US$18.03 million in fiscal year 2023, which was mainly due to the increasing sales volume of products. Gross Profit and Gross Profit Margin Gross profit was US$13.57 million in fiscal year 2024, an increase of 23.09% from US$11.02 million in fiscal year 2023. Gross profit increased mainly due to the increased sales volume and the increased average sales unit price of turned parts and stamping parts. Gross profit margin was 35.88% in fiscal year 2024, decreased from 37.93% in fiscal year 2023. The decrease was mainly due to (i) higher sales of lower-margin screws, exacerbated by increasing volume of free samples that reduced effective revenue per unit; (ii) reductions in unit price for screws to maintain the cooperative relationship with existing customers. However, the decline was partially offset by margin improvements in turned parts and stamping parts. Total Operating Expenses Total operating expenses were US$11.93 million in fiscal year 2024, an increase from US$4.74 million in fiscal year 2023. General and administrative expenses were US$6.71 million in fiscal year 2024, an increase of 164.88% from US$2.53 million in fiscal year 2023, which was primarily attributable to (i) an increase of US$3.92 million in professional service fees due to increases of audit fee arising from the initial public offering and financing consulting fees, and (ii) an increase of US$0.34 million in salaries and benefits for administrative personnel due to an increase of employee headcounts resulting from business growth. Selling and marketing expenses were US$4.71 million in fiscal year 2024, an increase of 169.08% from US$1.75 million in fiscal year 2023, which was primarily due to (i) an increase of US$2.21 million in sales commission resulting from business expansion into markets such as North America, Singapore, and Taiwan, China, and (ii) an increase of US$0.55 million in freight costs for sale of products mainly due to expanded shipping demands for deliveries to overseas regions such as Taiwan, China, North America, Singapore and India, as business operations scaled up in 2024. Research and development expenses were US$0.55 million in fiscal year 2024, an increase of 20.36% from US$0.46 million in fiscal year 2023, which was primarily attributable to an increase of US$0.11 million in salaries and benefits for research and development personnel due to an increase of employee headcounts resulting from business growth, and was partially offset by a decrease of US$0.02 million in material consumption as the types of products the Company developed in 2024 have a less material consumption than that in 2023. Net Income Net income was US$3.66 million in fiscal year 2024, a decrease of 52.37% from US$7.69 million in fiscal year 2023. Basic and Diluted Earnings per Share Basic and diluted earnings per share were US$0.06 in fiscal year 2024, compared to US$0.13 in fiscal year 2023. Financial Condition As of December 31, 2024, the Company had cash and cash equivalents of US$12.26 million, an increase from US$2.83 million as of December 31, 2023. Net cash provided by operating activities in fiscal year 2024 was US$5.34 million, an increase from US$4.12 million in fiscal year 2023. Net cash used in investing activities was US$2.80 million in fiscal year 2024, compared to net cash provided by investing activities US$1.29 million in fiscal year 2023. Net cash provided by financing activities was US$6.75 million in fiscal year 2024, compared to net cash used in financing activities of US$2.95 million in fiscal year 2023. Recent Development On October 1, 2024, the Company completed its initial public offering (the "Offering") of 1,250,000 ordinary shares at a public offering price of US$5.00 per ordinary share. On October 30, 2024, the underwriters of the Offering partially exercised their over-allotment option to purchase an additional 131,249 ordinary shares at the public offering price of US$5.00 per share. The gross proceeds were US$6.91 million, before deducting underwriting discounts and other related expenses. The ordinary shares began trading on the Nasdaq Capital Market on September 30, 2024 under the ticker symbol "ZJK." About ZJK Industrial Co., Ltd. ZJK Industrial Co., Ltd. is a high-tech enterprise specializing in the manufacturing and sale of precision fasteners, structural parts and other precision metal parts applied in a variety of industries, including intelligent electronic equipment, new energy vehicles, aerospace, energy storage systems, medical and liquid cooling systems used in artificial intelligence supercomputers. With over fourteen years in the precision metal parts manufacturing industry, the Company maintains a skilled professional team, a series of highly automated and precision manufacturing equipment, stable and strong customer group, and complete quality management systems. ZJK mainly offers standard screws, precision screws and nuts, high-strength bolts and nuts, turning parts, stamping parts and Computer Numerical Control (CNC) machining parts, CNC milling parts, high precision structural components, Surface Mounting Technology (SMT) for miniature parts packaging, and technology service for research and development from a professional engineering team. For more information, please visit the Company's website at https://ir.zjk-industrial.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 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 SEC. For investor and media inquiries, please contact: ZJK Industrial Co., Ltd. Phone: +86-755-28341175 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/zjk-industrial-co-ltd-announces-financial-results-for-fiscal-year-2024-302439408.html SOURCE ZJK Industrial Co., Ltd.