-- 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: ir@zjk-industrial.com
The Blueshirt Group Asia
Feifei Shen
Phone: +86-134-66566136
Email: feifei@blueshirtgroup.co
ZJK Industrial Co., Ltd.
CONSOLIDATED BALANCE SHEETS
(In U.S. dollars, except for numbers of shares data)
As of December 31,
---------------------------
2024 2025
------------ -------------
ASSETS
Current assets
Cash and cash equivalents 12,255,213 14,350,959
Restricted cash 797,241 2,037,041
Short-term investments 2,559,362 2,234,078
Accounts receivable, net 10,282,857 15,974,676
Accounts receivable-due from a related
party 9,165,068 11,227,799
Inventories, net 7,316,029 12,143,316
Prepaid expenses and other current
assets, net 872,753 964,194
Other receivables-due from related
parties 249,235 598,467
Total current assets 43,497,758 59,530,530
---------- ----------
Non-current assets
Property, plant and equipment, net 6,668,612 12,271,875
Intangible assets, net 33,008 97,433
Operating lease right-of-use assets 1,242,524 3,574,775
Finance lease right-of-use assets 38,160 --
Long-term investment 2,747,493 3,706,080
Other non-current assets 1,146,010 347,569
---------- ----------
Total non-current assets 11,875,807 19,997,732
---------- ----------
TOTAL ASSETS 55,373,565 79,528,262
========== ==========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Short-term bank borrowings 1,223,405 --
Accounts payable 14,998,590 18,233,194
Notes payable 1,903,194 3,803,926
Income tax payable 1,600,300 3,431,262
Accrued expenses and other current
liabilities 2,051,588 3,583,457
Other payables-due to related parties 1,778,175 2,322,224
Operating lease liabilities, current 423,214 726,152
Total current liabilities 23,978,466 32,100,215
---------- ----------
Non-current liabilities
Operating lease liabilities, non-current 755,395 2,876,209
Deferred tax liabilities 572,829 957,610
---------- ----------
Total non-current liabilities 1,328,224 3,833,819
---------- ----------
TOTAL LIABILITIES 25,306,690 35,934,034
========== ==========
Commitments and contingencies (Note
15)
Shareholders' equity
Ordinary share, $0.000016666667 par
value, 3,000,000,000 shares authorized,
61,381,249 and 63,822,249 shares issued
and outstanding as of December 31, 2024
and 2025, respectively* 1,023 1,063
Additional paid-in capital 7,060,050 8,977,814
Statutory surplus reserves 2,658,112 2,662,115
Retained earnings 21,951,873 32,132,905
Accumulated other comprehensive loss (1,635,291) (304,868)
---------- ----------
Total ZJK Industrial Co., Ltd.
shareholders' equity 30,035,767 43,469,029
---------- ----------
Non-controlling interests 31,108 125,199
---------- ----------
Total shareholders' equity 30,066,875 43,594,228
---------- ----------
TOTAL LIABILITIES AND SHAREHOLDERS'
EQUITY 55,373,565 79,528,262
========== ==========
* 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.
ZJK Industrial Co., Ltd.
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE
INCOME
(In U.S. dollars, except for the number of shares
data)
For the years ended December 31,
-------------------------------------------
2023 2024 2025
------------- ------------ --------------
Revenues
Third-party sales 13,961,495 21,250,363 35,728,684
Related-party
sales 15,093,811 16,559,102 20,375,169
----------- ----------- -----------
Total revenues 29,055,306 37,809,465 56,103,853
Cost of revenues
Third-party sales (9,486,512) (12,281,086) (15,654,953)
Related-party
sales (8,547,906) (11,963,141) (15,947,479)
----------- ----------- -----------
Total cost of
revenues (18,034,418) (24,244,227) (31,602,432)
----------- ----------- -----------
Gross profit 11,020,888 13,565,238 24,501,421
Operating
expenses
Selling and
marketing
expenses (1,750,877) (4,711,294) (7,169,559)
General and
administrative
expenses (2,531,630) (6,705,791) (6,750,220)
Research and
development
costs (455,398) (548,122) (1,113,058)
Gain (loss) from
disposal of
property, plant
and equipment 78 34,878 (4,041)
----------- ----------- -----------
Total operating
expenses (4,737,827) (11,930,329) (15,036,878)
Income from
operations 6,283,061 1,634,909 9,464,543
----------- ----------- -----------
Other income,
net
Interest expenses (109,003) (15,085) (23,734)
Interest income 18,239 113,736 348,326
Share of profits
from equity
method
investment 2,335,281 2,622,348 3,409,385
Currency exchange
gain 12,433 97,506 68,010
Other income, net 434,031 474,348 555,443
----------- ----------- -----------
Total other
income, net 2,690,981 3,292,853 4,357,430
----------- ----------- -----------
Income before
income tax
provision 8,974,042 4,927,762 13,821,973
Income tax
provision (1,284,203) (1,264,933) (3,668,171)
----------- ----------- -----------
Net income 7,689,839 3,662,829 10,153,802
=========== =========== ===========
Less: net loss
attributable to
non-controlling
interests (1,246) (19,894) (31,233)
----------- ----------- -----------
Net income
attributable to
ZJK Industrial
Co., Ltd.'s
shareholders 7,691,085 3,682,723 10,185,035
=========== =========== ===========
Other
comprehensive
(loss)/income
Foreign currency
translation
adjustment
attributable to
parent company (460,025) (618,728) 1,330,423
Foreign currency
translation
adjustment
attributable to
non-controlling
interests 19 332 (1,925)
----------- ----------- -----------
Total
comprehensive
income 7,229,833 3,044,433 11,482,300
=========== =========== ===========
Comprehensive loss
attributable to
non-controlling
interests (1,227) (19,562) (33,158)
Comprehensive
income
attributable to
ZJK Industrial
Co., Ltd.'s
shareholders 7,231,060 3,063,995 11,515,458
Earnings per
share *
Basic 0.13 0.06 0.16 Diluted 0.13 0.06 0.16 Weighted average shares used in calculating earnings per share * Basic 60,000,000 60,336,800 62,496,008 Diluted 60,000,000 60,336,800 62,622,446
* 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.
ZJK Industrial Co., Ltd.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In U.S. dollars, except for the number of shares
data)
For the years ended December 31,
----------------------------------------
2023 2024 2025
------------ ----------- -------------
Cash flows from
operating
activities:
Net income 7,689,839 3,662,829 10,153,802
Adjustments to
reconcile net
income to net cash
provided by
operating
activities:
Provision for credit
loss 17,071 15,394 116,036
Impairment of
prepayments for
equipment 1,000,020
Depreciation of
property, plant and
equipment 504,370 560,846 762,236
Amortization of
intangible assets -- 10,431 25,636
Amortization of
operating lease
right-of-use assets 286,220 347,177 548,561
Amortization of
finance lease
right-of-use assets 281,849 293,169 38,844
Interest expense of
finance lease
liabilities 13,794 4,346 --
(Gain) loss from
disposal of
property, plant and
equipment (78) (34,878) 4,041
Provision for
inventories 373,264 997,587 1,040,482
Share of profits from
equity method
investment (2,335,281) (2,622,348) (3,409,385)
Provisions for
deferred income tax 213,773 232,801 350,786
Share-based
compensation -- -- 1,917,804
Changes in
operating assets
and liabilities:
Accounts receivable (631,085) (314,305) (5,227,716)
Accounts
receivable-due from
a related party (2,025,426) (598,412) (1,620,257)
Inventories (427,290) (3,717,561) (5,435,743)
Prepaid expenses and
other current
assets (378,164) (388,242) (180,416)
Other receivables-due
from related
parties 69,344 30,393 (388,052)
Accounts payable (124,132) 3,877,173 2,095,704
Notes payable 75,567 1,461,872 1,772,361
Income tax payable 96,368 602,170 1,717,255
Accrued expenses and
other current
liabilities 225,204 1,225,041 1,406,302
Other payables-due to
related parties 548,398 44,578 348,070
Operating lease
liabilities (357,231) (347,522) (476,560)
---------- ---------- ----------
Net cash provided by
operating
activities 4,116,374 5,342,539 6,559,811
---------- ---------- ----------
Cash flows from
investing
activities:
Purchase of property,
plant and equipment (366,740) (2,472,552) (5,571,558)
Purchase of
intangible assets -- (43,926) (87,054)
Net (payment of)
proceeds from
short-term
investments -- (2,597,076) 426,510
Dividends received
from long-term
equity investment 1,863,561 2,319,218 2,591,873
Loans to related
parties (253,473) (555,089) (82,123)
Collection of loans
to related parties 51,125 545,969 140,239
---------- ---------- ----------
Net cash provided
by/(used in)
investing
activities 1,294,473 (2,803,456) (2,582,113)
---------- ---------- ----------
Cash flows from
financing
activities:
Proceeds from
short-term bank
borrowings 183,367 1,390,183 1,394,545
Repayments of
short-term bank
borrowings (851,388) (185,450) (2,639,873)
Repayments of
long-term debts (1,750,598) (29,314) --
Repayments of
financing lease
liabilities (377,467) (231,814) --
Proceeds from loans
from related
parties 282,104 -- 383,318
Repayments of loans
from related
parties (65,828) (83,411) (276,752)
Deferred initial
public offering
("IPO") costs (369,443) (1,072,314) --
Proceeds from IPO -- 6,906,245 --
Capital injection
from a
non-controlling
shareholder of a
subsidiary -- 52,500 127,249
---------- ---------- ----------
Net cash (used
in)/provided by
financing
activities (2,949,253) 6,746,625 (1,011,513)
---------- ---------- ----------
Effect of exchange
rate changes (76,136) (135,026) 369,361
Net change in cash,
cash equivalents and
restricted cash 2,385,458 9,150,682 3,335,546
---------- ---------- ----------
Reconciliation of
cash, cash
equivalents and
restricted cash at
the beginning of
year
Cash and cash
equivalents 1,104,472 2,826,725 12,255,213
Restricted cash 411,842 1,075,047 797,241
---------- ---------- ----------
Cash, cash
equivalents and
restricted cash at
the beginning of
year 1,516,314 3,901,772 13,052,454
========== ========== ==========
Reconciliation of
cash, cash
equivalents and
restricted cash at
the end of year
Cash and cash
equivalents 2,826,725 12,255,213 14,350,959
Restricted cash 1,075,047 797,241 2,037,041
---------- ---------- ----------
Cash, cash
equivalents and
restricted cash at
the end of year 3,901,772 13,052,454 16,388,000
========== ========== ==========
Supplemental
disclosure of cash
flow information:
Income tax paid 986,257 607,120 1,585,805
Interest expenses
paid 71,606 8,164 24,322
Supplemental
disclosures of
non-cash
activities:
Obtaining finance
lease right-of-use
assets in exchange
for finance lease
liabilities 457,731 -- --
Obtaining operating
right-of-use assets
in exchange for
operating lease
liabilities 455,499 1,100,660 2,789,922
Offset additional
paid in capital
with deferred IPO
costs -- 566,417 --
Acquiring property,
plant and equipment
transferred from
construction in
progress 50,132 66,965 --
Acquiring property,
plant and equipment
in exchange for
accounts payable 427,015 392,199 418,289
(END) Dow Jones Newswires
April 29, 2026 08:00 ET (12:00 GMT)
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