CCSC Technology International Holdings Limited Reports Financial Results for Fiscal Year Ended March 31, 2025
CCSC Technology (NASDAQ:CCTG), a Hong Kong-based interconnect products manufacturer, reported its fiscal year 2025 results with revenue growing 19.5% to $17.6 million. The company saw significant growth in Europe, with revenue increasing 29% to $11.0 million, while Asia revenue rose 10.2% to $5.3 million.
Gross profit increased 27.1% to $5.0 million, with improved gross margin of 28.3% (up from 26.6%). Despite revenue growth, CCSC reported a net loss of $1.4 million ($0.12 per share). The company plans to establish a new supply chain management center in Serbia to support European operations.
Cable and wire harness revenue grew 20.2% to $16.4 million, while connector revenue increased 11.1% to $1.2 million. Operating expenses rose 20.5% to $7.0 million, and cash position decreased to $3.7 million from $5.5 million year-over-year.
CCSC Technology (NASDAQ:CCTG), un produttore di prodotti di interconnessione con sede a Hong Kong, ha riportato i risultati dell'anno fiscale 2025 con un fatturato in crescita del 19,5% a 17,6 milioni di dollari. L'azienda ha registrato una crescita significativa in Europa, con un aumento del 29% a 11,0 milioni di dollari, mentre i ricavi in Asia sono cresciuti del 10,2% a 5,3 milioni di dollari.
Il profitto lordo è aumentato del 27,1% a 5,0 milioni di dollari, con un miglioramento del margine lordo al 28,3% (rispetto al 26,6%). Nonostante la crescita del fatturato, CCSC ha riportato una perdita netta di 1,4 milioni di dollari (0,12 dollari per azione). L'azienda prevede di istituire un nuovo centro di gestione della catena di approvvigionamento in Serbia per supportare le operazioni europee.
I ricavi da cavi e cablaggi sono cresciuti del 20,2% a 16,4 milioni di dollari, mentre quelli dai connettori sono aumentati dell'11,1% a 1,2 milioni di dollari. Le spese operative sono aumentate del 20,5% a 7,0 milioni di dollari, e la liquidità è diminuita a 3,7 milioni di dollari rispetto ai 5,5 milioni dell'anno precedente.
CCSC Technology (NASDAQ:CCTG), un fabricante de productos de interconexión con sede en Hong Kong, informó sus resultados del año fiscal 2025 con un ingreso que creció un 19,5% hasta 17,6 millones de dólares. La compañía experimentó un crecimiento significativo en Europa, con ingresos que aumentaron un 29% hasta 11,0 millones de dólares, mientras que los ingresos en Asia subieron un 10,2% hasta 5,3 millones de dólares.
El beneficio bruto aumentó un 27,1% hasta 5,0 millones de dólares, con una mejora en el margen bruto al 28,3% (desde 26,6%). A pesar del crecimiento en ingresos, CCSC reportó una pérdida neta de 1,4 millones de dólares (0,12 dólares por acción). La empresa planea establecer un nuevo centro de gestión de la cadena de suministro en Serbia para apoyar las operaciones en Europa.
Los ingresos por cables y arneses crecieron un 20,2% hasta 16,4 millones de dólares, mientras que los ingresos por conectores aumentaron un 11,1% hasta 1,2 millones de dólares. Los gastos operativos subieron un 20,5% hasta 7,0 millones de dólares, y la posición de efectivo disminuyó a 3,7 millones de dólares desde 5,5 millones año tras año.
CCSC Technology (NASDAQ:CCTG), 홍콩에 본사를 둔 인터커넥트 제품 제조업체는 2025 회계연도 실적을 발표하며 매출이 19.5% 증가한 1,760만 달러를 기록했습니다. 유럽 지역에서 매출이 29% 증가한 1,100만 달러로 크게 성장했으며, 아시아 매출은 10.2% 증가한 530만 달러를 기록했습니다.
총이익은 27.1% 증가한 500만 달러로 개선되었으며, 총이익률도 26.6%에서 28.3%로 상승했습니다. 매출 증가에도 불구하고 CCSC는 140만 달러 순손실(주당 0.12달러)을 보고했습니다. 회사는 유럽 사업을 지원하기 위해 세르비아에 새로운 공급망 관리 센터를 설립할 계획입니다.
케이블 및 와이어 하니스 매출은 20.2% 증가한 1,640만 달러, 커넥터 매출은 11.1% 증가한 120만 달러를 기록했습니다. 영업비용은 20.5% 증가한 700만 달러로 늘었으며, 현금 보유액은 전년 대비 550만 달러에서 370만 달러로 감소했습니다.
CCSC Technology (NASDAQ:CCTG), un fabricant de produits d'interconnexion basé à Hong Kong, a publié ses résultats pour l'exercice 2025 avec un chiffre d'affaires en hausse de 19,5 % à 17,6 millions de dollars. L'entreprise a connu une croissance significative en Europe, avec un chiffre d'affaires en hausse de 29 % à 11,0 millions de dollars, tandis que les revenus en Asie ont augmenté de 10,2 % à 5,3 millions de dollars.
Le bénéfice brut a augmenté de 27,1 % à 5,0 millions de dollars, avec une marge brute améliorée à 28,3 % (contre 26,6 % auparavant). Malgré la croissance du chiffre d'affaires, CCSC a enregistré une perte nette de 1,4 million de dollars (0,12 dollar par action). La société prévoit d'établir un nouveau centre de gestion de la chaîne d'approvisionnement en Serbie pour soutenir ses opérations européennes.
Les revenus des câbles et faisceaux ont augmenté de 20,2 % à 16,4 millions de dollars, tandis que les revenus des connecteurs ont progressé de 11,1 % à 1,2 million de dollars. Les dépenses d'exploitation ont augmenté de 20,5 % à 7,0 millions de dollars, et la trésorerie a diminué à 3,7 millions de dollars contre 5,5 millions l'année précédente.
CCSC Technology (NASDAQ:CCTG), ein in Hongkong ansässiger Hersteller von Verbindungskomponenten, meldete seine Ergebnisse für das Geschäftsjahr 2025 mit einem Umsatzanstieg von 19,5 % auf 17,6 Millionen US-Dollar. Das Unternehmen verzeichnete ein deutliches Wachstum in Europa, wo der Umsatz um 29 % auf 11,0 Millionen US-Dollar stieg, während der Umsatz in Asien um 10,2 % auf 5,3 Millionen US-Dollar zunahm.
Der Bruttogewinn stieg um 27,1 % auf 5,0 Millionen US-Dollar, mit einer verbesserten Bruttomarge von 28,3 % (vorher 26,6 %). Trotz des Umsatzwachstums meldete CCSC einen Nettoverlust von 1,4 Millionen US-Dollar (0,12 US-Dollar pro Aktie). Das Unternehmen plant die Errichtung eines neuen Supply-Chain-Management-Zentrums in Serbien zur Unterstützung der europäischen Aktivitäten.
Der Umsatz aus Kabeln und Kabelbäumen stieg um 20,2 % auf 16,4 Millionen US-Dollar, während der Umsatz mit Steckverbindern um 11,1 % auf 1,2 Millionen US-Dollar zunahm. Die Betriebskosten stiegen um 20,5 % auf 7,0 Millionen US-Dollar, und die Liquiditätsposition sank von 5,5 Millionen auf 3,7 Millionen US-Dollar im Jahresvergleich.
- None.
- Net loss increased 8.9% to $1.4 million
- Operating expenses rose 20.5% to $7.0 million
- Cash position declined to $3.7 million from $5.5 million
- Americas revenue decreased by 5.7%
- Other income decreased by $0.2 million due to lower foreign currency exchange gains
Insights
CCSC reports mixed results with 19.5% revenue growth but widening losses, highlighting regional strength in Europe amid ongoing operational investments.
CCSC Technology's fiscal 2025 results present a mixed financial picture with encouraging top-line growth but persistent profitability challenges. The company delivered
Despite the revenue growth, CCSC's net loss increased to
The improved gross margin (up to
The product mix remains heavily weighted toward cables and wire harnesses at
The decreased average selling prices coupled with higher sales volumes suggests CCSC may be employing a volume-based growth strategy, potentially sacrificing per-unit profitability to gain market share. The company's planned investment in research and development signals recognition that innovation will be crucial for sustainable growth in the competitive interconnect products market.
Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, "Fiscal year 2025 was a year of growth and global expansion, as we strengthened our customer base and deepened our reach across international markets. We achieved
Mr. Chiu continued, "Looking ahead, we are excited about our next chapter. With sustained investments in research and development and the integration of advanced technologies, we are committed to developing solutions that are not only innovative and scalable but also aligned with the evolving needs of our global clients. We are also dedicating efforts to expanding our geographic reach, while striving to identify new customers, launch new products, and explore new business opportunities. Through these initiatives, we will endeavor to drive sustainable growth and deliver long-term value to our shareholders."
Fiscal Year Ended March 31, 2025 Financial Highlights
- Revenue increased by
19.5% to$17.6 million $14.7 million - Gross profit increased by
27.1% to$5.0 million $3.9 million - Gross profit margin was
28.3% for the fiscal year ended March 31, 2025, increased from26.6% for the fiscal year ended March 31, 2024. - Net loss was
$1.4 million $1.3 million - Basic and diluted loss per share was
$0.12 $0.13
Fiscal Year Ended March 31, 2025 Financial Results
Revenue
Total revenue was
The following table sets forth revenue by interconnect products:
For the fiscal years ended March 31, | Change | |||||||||||||||||||||||
2025 | % | 2024 | % | Amount | % | |||||||||||||||||||
(Amounts expressed in | ||||||||||||||||||||||||
Cable and wire harness | $ | 16,385,705 | 92.9 | % | $ | 13,626,836 | 92.4 | % | $ | 2,758,869 | 20.2 | % | ||||||||||||
Connectors | 1,245,784 | 7.1 | % | 1,121,715 | 7.6 | % | 124,069 | 11.1 | % | |||||||||||||||
Total | $ | 17,631,489 | 100.0 | % | $ | 14,748,551 | 100.0 | % | $ | 2,882,938 | 19.5 | % | ||||||||||||
Revenue generated from cables and wire harnesses increased by
The increase in revenue was primarily attributable to the increase in the total sales volume, which was partially offset by the decrease of the overall average selling prices of the Company's products for the fiscal year ended March 31, 2025.
The following table sets forth the disaggregation of revenue by regions:
For the fiscal years ended March 31, | Change | |||||||||||||||||||||||
2025 | % | 2024 | % | Amount | % | |||||||||||||||||||
(Amounts expressed in | ||||||||||||||||||||||||
$ | 10,991,905 | 62.3 | % | $ | 8,523,788 | 57.8 | % | $ | 2,468,117 | 29.0 | % | |||||||||||||
5,336,247 | 30.3 | % | 4,843,082 | 32.8 | % | 493,165 | 10.2 | % | ||||||||||||||||
The | 1,303,286 | 7.4 | % | 1,381,681 | 9.4 | % | (78,395) | (5.7) | % | |||||||||||||||
Others | 51 | 0 | % | - | - | % | 51 | 100.0 | % | |||||||||||||||
Total | $ | 17,631,489 | 100.0 | % | $ | 14,748,551 | 100 | % | $ | 2,882,938 | 19.5 | % | ||||||||||||
Revenue generated from
Revenue generated from
Revenue generated from the
Revenue from other regions was mainly derived from
Cost of Revenue
Cost of revenue increased by
Inventory costs amounted to
Labor costs amounted to
Gross Profit and Gross Margin
Gross profit increased by
Gross profit margin increased by
Operating Expenses
Operating expenses increased by
Other Income
Other income decreased by
Net Loss
Net loss increased by
Basic and Diluted Loss per Share
Basic and diluted loss per share was
Financial Condition
As of March 31, 2025, the Company had cash of
Net cash used in operating activities in the fiscal year ended March 31, 2025 was
Net cash used in investing activities in the fiscal year ended March 31, 2025 was
There were no cash outflows from financing activities in the fiscal year ended March 31, 2025. Net cash provided by financing activities was
About CCSC Technology International Holdings Limited
CCSC Technology International Holdings Limited, is a
Forward-Looking Statements
Certain statements in this press release 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 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," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue," or other similar expressions in this press release. 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 statements and other filings with the
For more information, please contact:
CCSC Technology International Holdings Limited
Investor Relations Department
Email: ir@ccsc-interconnect.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED | ||||||||
CONSOLIDATED BALANCE SHEETS | ||||||||
(Amount in U.S. dollars, except for number of shares) | ||||||||
As of March 31, | ||||||||
2025 | 2024 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash | $ | 3,685,043 | $ | 5,525,430 | ||||
Restricted cash | 9,413 | 209,317 | ||||||
Accounts receivable | 2,495,301 | 2,750,214 | ||||||
Inventories | 1,761,880 | 2,023,456 | ||||||
Prepaid expenses and other current assets | 1,066,032 | 1,474,405 | ||||||
Total current assets | 9,017,669 | 11,982,822 | ||||||
Non-current assets: | ||||||||
Property, plant and equipment, net | 853,959 | 198,901 | ||||||
Intangible asset, net | 83,906 | 38,183 | ||||||
Operating right-of-use assets, net | 1,106,024 | 1,659,297 | ||||||
Finance lease right-of-use assets, net | 194,478 | 17,788 | ||||||
Deferred tax assets, net | 558,683 | 287,394 | ||||||
Other non-current assets, net | 3,510,363 | 3,753,646 | ||||||
Total non-current assets | 6,307,413 | 5,955,209 | ||||||
TOTAL ASSETS | $ | 15,325,082 | $ | 17,938,031 | ||||
Liabilities and Shareholders' Equity | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 1,819,647 | $ | 2,175,974 | ||||
Advance from customers | 141,737 | 207,293 | ||||||
Accrued expenses and other current liabilities | 1,345,210 | 1,523,843 | ||||||
Taxes payable | 21,916 | 24,974 | ||||||
Operating lease liabilities, current | 473,116 | 506,061 | ||||||
Finance lease liabilities, current | 36,277 | 4,454 | ||||||
Total current liabilities | 3,837,903 | 4,442,599 | ||||||
Non-current liabilities: | ||||||||
Operating lease liabilities, non-current | 633,249 | 1,184,056 | ||||||
Finance lease liabilities, non-current | 127,834 | 13,709 | ||||||
Total non-current liabilities | 761,083 | 1,197,765 | ||||||
TOTAL LIABILITIES | $ | 4,598,986 | $ | 5,640,364 | ||||
Commitments and Contingencies | — | — | ||||||
Shareholders' equity | ||||||||
Class A ordinary shares, par value of | $ | 3,291 | $ | 3,291 | ||||
Class B ordinary shares, par value of | 2,500 | 2,500 | ||||||
Additional paid-in capital | 4,855,795 | 4,855,795 | ||||||
Statutory reserve | 813,235 | 813,235 | ||||||
Retained earnings | 7,081,318 | 8,491,783 | ||||||
Accumulated other comprehensive loss | (2,030,043) | (1,868,937) | ||||||
Total shareholders' equity | 10,726,096 | 12,297,667 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 15,325,082 | $ | 17,938,031 | ||||
* | Retrospectively reflect the changes in class of shares effective on September 10, 2024 |
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED | ||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS)/INCOME | ||||||||||||
(Amount in U.S. dollars, except for number of shares) | ||||||||||||
For the years ended March 31, | ||||||||||||
2025 | 2024 | 2023 | ||||||||||
Net revenue | $ | 17,631,489 | $ | 14,748,551 | $ | 24,059,556 | ||||||
Cost of revenue | (12,647,287) | (10,825,943) | (16,190,985) | |||||||||
Gross profit | 4,984,202 | 3,922,608 | 7,868,571 | |||||||||
Operating expenses: | ||||||||||||
Selling expenses | (1,695,217) | (1,039,882) | (1,097,150) | |||||||||
General and administrative expenses | (4,601,637) | (4,134,394) | (3,898,894) | |||||||||
Research and development expenses | (654,039) | (594,521) | (1,084,119) | |||||||||
Total operating expenses | (6,950,893) | (5,768,797) | (6,080,163) | |||||||||
(Loss)/income from operations | (1,966,691) | (1,846,189) | 1,788,408 | |||||||||
Other income: | ||||||||||||
Other non-operating income/(expenses), net | 534 | (35,509) | 49,873 | |||||||||
Government subsidy | 207,257 | 7,255 | 62,627 | |||||||||
Foreign currency exchange income | 67,395 | 425,308 | 562,527 | |||||||||
Financial and interest income, net | 10,538 | 67,636 | 22,455 | |||||||||
Total other income | 285,724 | 464,690 | 697,482 | |||||||||
(Loss)/income before income tax expense | (1,680,967) | (1,381,499) | 2,485,890 | |||||||||
Income tax benefit/(expenses) | 270,502 | 86,336 | (277,738) | |||||||||
Net (loss)/income | (1,410,465) | (1,295,163) | 2,208,152 | |||||||||
Other comprehensive loss | ||||||||||||
Foreign currency translation adjustment | (161,106) | (523,250) | (728,399) | |||||||||
Total comprehensive (loss)/income | $ | (1,571,571) | $ | (1,818,413) | $ | 1,479,753 | ||||||
(Loss)/earnings per share | ||||||||||||
Basic and Diluted | $ | (0.12) | $ | (0.13) | $ | 0.22 | ||||||
Weighted average number of ordinary shares | ||||||||||||
Basic and Diluted | 11,581,250 | 10,288,525 | 10,000,000 | |||||||||
CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED | ||||||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||
(Amount in U.S. dollars, except for number of shares) | ||||||||||||
For the years ended March 31, | ||||||||||||
2025 | 2024 | 2023 | ||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||
Net (loss)/income | $ | (1,410,465) | $ | (1,295,163) | $ | 2,208,152 | ||||||
Adjustments to reconcile net (loss)/income to net cash (used in)/ provided | ||||||||||||
Inventory write-downs | 128,241 | 188,268 | 369,512 | |||||||||
Depreciation and amortization | 238,599 | 238,757 | 221,106 | |||||||||
Amortization of right-of-use asset | 519,426 | 509,086 | 526,546 | |||||||||
Loss from disposal of property, plant and equipment | 10,889 | 2,188 | 5,621 | |||||||||
Deferred tax (benefit)/expense | (270,502) | (249,892) | 51,780 | |||||||||
Foreign currency exchange gains | (56,479) | (227,691) | (562,527) | |||||||||
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable | 267,028 | (500,747) | 586,559 | |||||||||
Inventories | 130,289 | (101,220) | 2,028,980 | |||||||||
Amount due from related parties | - | - | 478,285 | |||||||||
Prepaid expenses and other current assets | 412,124 | (704,610) | 179,619 | |||||||||
Other non-current assets | 257,086 | (77,220) | 41,314 | |||||||||
Accounts payable | (359,764) | 563,226 | (2,054,385) | |||||||||
Advance from customers | (66,537) | 22,060 | 113,383 | |||||||||
Taxes payable | (2,971) | (340,992) | 112,295 | |||||||||
Accrued expenses and other current liabilities | (234,550) | (64,258) | (91,373) | |||||||||
Operating lease liabilities | (534,472) | (490,319) | (535,844) | |||||||||
Financing lease liabilities | (46,095) | 24 | - | |||||||||
Amount due to related parties | - | - | (215,388) | |||||||||
Net cash (used in)/provided by operating activities | (1,018,153) | (2,528,503) | 3,463,635 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||||
Purchase of property, plant and equipment | (327,801) | (156,999) | (153,409) | |||||||||
Prepayment of long-term equipment and mold model | - | (3,639,312) | - | |||||||||
Proceed from disposal of property, plant and equipment | 943 | - | 10,891 | |||||||||
Purchase of land | (519,895) | - | - | |||||||||
Purchase of intangible asset | (43,737) | (29,476) | (64,364) | |||||||||
Net cash used in investing activities | (890,490) | (3,825,787) | (206,882) | |||||||||
CASH FLOWS FORM FINANCING ACTIVITIES | ||||||||||||
Proceeds from short-term bank loans | - | - | 136,784 | |||||||||
Repayments of short-term bank loans | - | - | (136,784) | |||||||||
Repayments of long-term bank loans | - | (39,853) | (156,174) | |||||||||
Proceeds from issuance of ordinary shares, net of issuance cost of | - | 4,665,444 | - | |||||||||
Payment for deferred IPO costs | - | - | (596,446) | |||||||||
Capital contribution by shareholder | - | 5,000 | - | |||||||||
Payment made for principal portion of financing lease liabilities | - | (4,322) | - | |||||||||
Net cash provided by/(used in) financing activities | - | 4,626,269 | (752,620) | |||||||||
Effect of exchange rate changes on cash and restricted cash | (131,648) | (254,847) | (72,458) | |||||||||
Net change in cash and restricted cash | (2,040,291) | (1,982,868) | 2,431,675 | |||||||||
Cash and restricted cash, beginning of the year | 5,734,747 | 7,717,615 | 5,285,940 | |||||||||
Cash and restricted cash, end of the year | $ | 3,694,456 | $ | 5,734,747 | $ | 7,717,615 | ||||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW | ||||||||||||
Cash paid for income tax | $ | - | $ | (859,882) | $ | (119,679) | ||||||
Cash received from income tax refund | $ | 246,771 | $ | - | $ | 126,413 | ||||||
Cash paid for interest | $ | - | $ | (228) | $ | (4,986) | ||||||
Cash paid for operating lease | $ | (571,159) | $ | (575,014) | $ | (601,953) | ||||||
Cash paid for finance lease | $ | (15,240) | $ | (4,322) | $ | - | ||||||
Supplemental disclosure of non-cash investing and financing | ||||||||||||
Right-of-use assets obtained in exchange for operating lease obligations | $ | 192,311 | $ | 137,617 | $ | 2,263,898 | ||||||
Purchase of intangible assets included in accrued expenses and other | $ | (43,103) | $ | - | $ | - | ||||||
Purchase of property and equipment included in accrued expenses and | $ | (11,418) | $ | - | $ | - | ||||||
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SOURCE CCSC Technology International Holdings Limited
FAQ
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