INLIF LIMITED Reports Fiscal Year 2024 Financial Results
Rhea-AI Summary
INLIF, a manufacturer of injection molding machine manipulator arms, reported strong financial results for fiscal year 2024. The company achieved a 25.26% revenue increase to $15.80 million, while net income grew 18.78% to $1.61 million compared to 2023.
Key financial highlights include:
- Gross profit increased 9.49% to $4.55 million
- Earnings per share rose to $0.13 from $0.11
- Cash and equivalents reached $2.47 million
The company's growth was driven by increased sales across multiple segments, with raw materials and scraps sales showing the highest growth at 136.61%. INLIF completed its IPO on January 3, 2025, offering 2 million shares at $4.00 per share on Nasdaq. Despite higher revenues, gross margin declined to 28.83% from 32.98%. The company is expanding its market presence through exhibitions in China and exploring opportunities in Southeast Asia and India.
Positive
- Revenue increased 25.26% YoY to $15.80M in FY2024
- Net income grew 18.78% YoY to $1.61M
- EPS improved to $0.13 from $0.11 in FY2023
- Cash and equivalents increased to $2.47M from $0.60M YoY
- Operating cash flow strengthened to $1.58M from $0.40M YoY
- Successful IPO completion raising $8M in January 2025
- Sales of accessories grew 44.08% to $1.44M
- Raw materials and scraps sales increased 136.61% to $3.93M
Negative
- Gross margin declined to 28.83% from 32.98% YoY
- Operating expenses increased 17.74% to $3.27M
- Installation services revenue decreased 29.14% to $95,442
- Selling expenses rose 36.46% due to higher marketing costs
- R&D expenses increased 14.76% to $1.56M
News Market Reaction – INLF
In the trading session that priced this news, INLF gained 0.81%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
QUANZHOU,
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
"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
"Thanks to the outstanding efforts of our team and the strong execution of our strategic initiatives, net income rose by
Fiscal Year 2024 Financial Highlights
- Net revenue was
$15.80 million 25.26% from$12.61 million
- Gross profit was
$4.55 million 9.49% from$4.16 million
- Gross profit margin was
28.83% for fiscal year 2024, compared to32.98% for fiscal year 2023.
- Net income was
$1.61 million 18.78% from$1.35 million
- Basic and diluted earnings per share were
$0.13 $0.11
Fiscal Year 2024 Financial Results
Net Revenue
Net revenue was
- Sales of manipulator arms and installation and warranty services were
$10.33 million 5.23% from$9.82 million
- Sales of accessories were
$1.44 million 44.08% from$1.00 million
- Sales of raw materials and scraps were
$3.93 million 136.61% from$1.66 million
- Sales of installation services were
$95,442 29.14% from$134,697
Cost of Revenue
Cost of revenue was
Gross Profit and Gross Profit Margin
Gross profit was
Gross profit margin was
Operating Expenses
Operating expenses were
- Selling expenses were
$0.94 million 36.46% from$0.69 million $0 China in 2024; (ii) an increase in salary by approximately$0 $0 Guangdong ,Zhejiang , andJiangsu , resulting in a rise in related transportation costs.
- General and administrative expenses were
$0.76 million 5.58% from$0.72 million
- Research and development expenses were
$1.56 million 14.76% from$1.36 million
Net Income
Net income was
Basic and Diluted Earnings per Share
Basic and diluted earnings per share were
Financial Condition
As of December 31, 2024, the Company had cash and cash equivalents of
Net cash provided by operating activities was
Net cash provided by investing activities was
Net cash provided by financing activities was
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
About INLIF LIMITED
Through its operating entity in
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
For investor and media inquiries, please contact:
INLIF LIMITED
Investor Relations Department
Email: ir@yiwate88.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
INLIF LIMITED | |||||||
CONSOLIDATED BALANCE SHEETS | |||||||
(Expressed in U.S. Dollars, except for the number of shares) | |||||||
As of | As of | ||||||
ASSETS | |||||||
CURRENT ASSETS: | |||||||
Cash and cash equivalents | $ | 2,467,638 | $ | 598,933 | |||
Accounts receivable, net | 3,840,120 | 3,789,214 | |||||
Inventories | 5,300,458 | 4,493,042 | |||||
Deferred offering costs, current | 1,482,558 | — | |||||
Prepayments and other current assets | 159,570 | 142,095 | |||||
Amounts due from related parties | 1,030 | 352,118 | |||||
TOTAL CURRENT ASSETS | $ | 13,251,374 | $ | 9,375,402 | |||
NON-CURRENT ASSETS: | |||||||
Property, plant, and equipment, net | $ | 3,037,312 | $ | 3,397,167 | |||
Land-use rights, net | 2,130,164 | 2,237,684 | |||||
Intangible assets, net | 43,773 | 50,297 | |||||
Deferred offering costs, non-current | — | 960,241 | |||||
Deferred tax assets | 5,169 | 452 | |||||
TOTAL NON-CURRENT ASSETS | $ | 5,216,418 | $ | 6,645,841 | |||
TOTAL ASSETS | $ | 18,467,792 | $ | 16,021,243 | |||
LIABILITIES | |||||||
CURRENT LIABILITIES: | |||||||
Accounts payable | $ | 3,132,613 | $ | 2,546,418 | |||
Bank loans | 4,630,581 | 3,662,023 | |||||
Contract liabilities | 1,712 | 65,073 | |||||
Accrued expenses and other payables | 222,247 | 259,648 | |||||
Income taxes payable | 27,337 | 12,058 | |||||
Amounts due to related parties | 186,768 | 513,018 | |||||
TOTAL CURRENT LIABILITIES | $ | 8,201,258 | $ | 7,058,238 | |||
TOTAL LIABILITIES | $ | 8,201,258 | $ | 7,058,238 | |||
COMMITMENTS AND CONTINGENCIES (NOTE 19) | |||||||
SHAREHOLDERS' EQUITY | |||||||
Ordinary shares ( | $ | 1,250 | $ | 1,250 | |||
Additional paid-in capital | 7,037,503 | 7,037,503 | |||||
Statutory reserve | 361,083 | 200,229 | |||||
Retained earnings | 3,201,818 | 1,756,183 | |||||
Accumulated other comprehensive loss | (335,120) | (32,160) | |||||
TOTAL SHAREHOLDERS' EQUITY | $ | 10,266,534 | $ | 8,963,005 | |||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 18,467,792 | $ | 16,021,243 | |||
* The share amounts are presented on a retrospective basis. | |||||||
INLIF LIMITED | |||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME | |||||||||||
(Expressed in U.S. Dollars, except for the number of shares) | |||||||||||
Years ended December 31, | |||||||||||
2024 | 2023 | 2022 | |||||||||
Revenues | 15,796,983 | 12,610,873 | 6,652,308 | ||||||||
Cost of revenues | (11,242,817) | (8,451,336) | (4,358,426) | ||||||||
Gross profit | 4,554,166 | 4,159,537 | 2,293,882 | ||||||||
Operating expenses: | |||||||||||
Selling expenses | (938,941) | (688,064) | (396,421) | ||||||||
General and administrative expenses | (764,530) | (724,147) | (742,620) | ||||||||
Research and development expenses | (1,563,059) | (1,362,058) | (504,711) | ||||||||
Total operating expenses | (3,266,530) | (2,774,269) | (1,643,752) | ||||||||
Operating income | 1,287,636 | 1,385,268 | 650,130 | ||||||||
Other income (expenses): | |||||||||||
Interest income | 3,274 | 6,884 | 2,625 | ||||||||
Interest expenses | (196,304) | (146,386) | (82,672) | ||||||||
Other income, net | 531,198 | 110,159 | 15,010 | ||||||||
Other expense, net | (8,370) | (17,410) | (44,274) | ||||||||
Exchange gain (loss) | 3,893 | 25,344 | (3,687) | ||||||||
Total other income (expenses), net | 333,691 | (21,409) | (112,998) | ||||||||
Income before income tax | 1,621,327 | 1,363,859 | 537,132 | ||||||||
Income tax (expenses) benefits | (14,838) | (11,348) | 423 | ||||||||
Net income | 1,606,489 | 1,352,511 | 537,555 | ||||||||
Comprehensive income | |||||||||||
Net income | 1,606,489 | 1,352,511 | 537,555 | ||||||||
Foreign currency translation adjustments, net of tax | (302,960) | (227,278) | 187,942 | ||||||||
Comprehensive income | 1,303,529 | 1,125,233 | 725,497 | ||||||||
Earnings per share, basic and diluted | 0.13 | 0.11 | 0.04 | ||||||||
Weighted average number of shares* | 12,500,000 | 12,500,000 | 12,500,000 | ||||||||
* The share amounts are presented on a retrospective basis. | |||||||||||
INLIF LIMITED | |||||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||||
(Expressed in U.S. Dollars, except for the number of shares) | |||||||||||
For the years ended December 31, | |||||||||||
2024 | 2023 | 2022 | |||||||||
Cash flows from operating activities: | |||||||||||
Net income | 1,606,489 | 1,352,511 | 537,555 | ||||||||
Adjustments to reconcile net income (loss) to net cash used in operating | |||||||||||
Depreciation and amortization | 347,977 | 367,029 | 388,233 | ||||||||
Allowance for (reversal of) credit losses | (154) | (19,930) | 15,975 | ||||||||
Loss on disposal of property, plant, and equipment | — | 5,432 | — | ||||||||
Deferred tax assets | — | — | (423) | ||||||||
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | (50,752) | (1,552,991) | (716,876) | ||||||||
Intangible assets | — | (53,086) | — | ||||||||
Inventories | (807,416) | (2,025,725) | 1,093,218 | ||||||||
Prepayments and other current assets | (17,474) | 94,160 | 170,093 | ||||||||
Accounts payable, trade | 586,195 | 2,057,775 | (103,240) | ||||||||
Contract liabilities | (63,361) | 65,073 | (137,699) | ||||||||
Other payables and accrued liabilities | (37,401) | 98,485 | (7,507) | ||||||||
Tax payable | 15,279 | 11,505 | (301) | ||||||||
Net cash provided by operating activities | 1,579,382 | 400,238 | 1,239,028 | ||||||||
Cash flows from investing activities: | |||||||||||
Purchase of property, plant, and equipment | (25,759) | (219,121) | (18,165) | ||||||||
Disposal of property, plant, and equipment | — | 989 | — | ||||||||
Amount loan to related parties | (1,025) | — | — | ||||||||
Proceeds from repayment by related parties | 347,428 | — | — | ||||||||
Net cash provided by (used in) investing activities | 320,644 | (218,132) | (18,165) | ||||||||
Cash flows from financing activities: | |||||||||||
Capital Contributions | — | — | 6,760,538 | ||||||||
Proceeds from short-term loans | 7,143,130 | 3,671,841 | 2,526,378 | ||||||||
Repayment of short-term loans | (6,059,153) | (2,400,819) | (1,486,105) | ||||||||
Deferred offering costs | (522,318) | (919,207) | (42,060) | ||||||||
Amount financed from related parties | 181,116 | 977,418 | 515,678 | ||||||||
Amount repaid to related parties | (518,379) | (865,770) | (9,993,772) | ||||||||
Net cash provided by (used in) financing activities | 224,396 | 463,463 | (1,719,343) | ||||||||
Effect of exchange rate changes | (255,717) | (131,597) | 397,892 | ||||||||
Net increase (decrease) in cash | 1,868,705 | 513,972 | (100,588) | ||||||||
Cash and cash equivalents at beginning of the year | 598,933 | 84,961 | 185,549 | ||||||||
Cash and cash equivalents at end of the year | 2,467,638 | 598,933 | 84,961 | ||||||||
Supplemental disclosures of cash flows information: | |||||||||||
Cash paid for income taxes | 1,707 | 475 | 303 | ||||||||
Cash paid for interest expense | 191,859 | 143,727 | 82,672 | ||||||||
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SOURCE INLIF LIMITED