INLIF LIMITED Reports Fiscal Year 2024 Financial Results
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.
INLIF, produttore di bracci manipolatori per macchine a stampaggio a iniezione, ha riportato risultati finanziari solidi per l'anno fiscale 2024. L'azienda ha registrato un aumento del fatturato del 25,26%, raggiungendo i 15,80 milioni di dollari, mentre l'utile netto è cresciuto del 18,78% a 1,61 milioni di dollari rispetto al 2023.
I principali dati finanziari includono:
- Il profitto lordo è aumentato del 9,49%, arrivando a 4,55 milioni di dollari
- L'utile per azione è salito a 0,13 dollari da 0,11 dollari
- La liquidità e equivalenti hanno raggiunto i 2,47 milioni di dollari
La crescita dell'azienda è stata trainata dall'incremento delle vendite in diversi segmenti, con le vendite di materie prime e rottami che hanno mostrato la crescita più alta, pari al 136,61%. INLIF ha completato la sua IPO il 3 gennaio 2025, offrendo 2 milioni di azioni a 4,00 dollari ciascuna sul Nasdaq. Nonostante l'aumento dei ricavi, il margine lordo è diminuito al 28,83% rispetto al 32,98%. L'azienda sta ampliando la sua presenza sul mercato attraverso fiere in Cina e sta esplorando opportunità nel Sud-est asiatico e in India.
INLIF, fabricante de brazos manipuladores para máquinas de moldeo por inyección, reportó resultados financieros sólidos para el año fiscal 2024. La compañía logró un aumento de ingresos del 25,26% alcanzando los 15,80 millones de dólares, mientras que el ingreso neto creció un 18,78% hasta 1,61 millones de dólares en comparación con 2023.
Los principales aspectos financieros incluyen:
- La ganancia bruta aumentó un 9,49% hasta 4,55 millones de dólares
- Las ganancias por acción subieron a 0,13 dólares desde 0,11 dólares
- El efectivo y equivalentes alcanzaron los 2,47 millones de dólares
El crecimiento de la empresa fue impulsado por un aumento de ventas en varios segmentos, con las ventas de materias primas y chatarra mostrando el mayor crecimiento con un 136,61%. INLIF completó su oferta pública inicial (IPO) el 3 de enero de 2025, ofreciendo 2 millones de acciones a 4,00 dólares cada una en Nasdaq. A pesar de los mayores ingresos, el margen bruto disminuyó al 28,83% desde 32,98%. La compañía está ampliando su presencia en el mercado mediante exhibiciones en China y explorando oportunidades en el sudeste asiático e India.
INLIF는 사출 성형기용 매니퓰레이터 암 제조업체로서 2024 회계연도에 강력한 재무 실적을 보고했습니다. 회사는 매출이 25.26% 증가하여 1,580만 달러를 기록했으며, 순이익은 2023년 대비 18.78% 증가한 161만 달러를 달성했습니다.
주요 재무 하이라이트는 다음과 같습니다:
- 총이익은 9.49% 증가하여 455만 달러
- 주당순이익은 0.11달러에서 0.13달러로 상승
- 현금 및 현금성 자산은 247만 달러에 도달
회사의 성장은 여러 부문에서 판매 증가에 힘입었으며, 원자재 및 스크랩 판매가 136.61%로 가장 높은 성장률을 보였습니다. INLIF는 2025년 1월 3일 나스닥에서 주당 4.00달러에 200만 주를 공모하며 IPO를 완료했습니다. 매출은 증가했지만, 총 마진은 32.98%에서 28.83%로 감소했습니다. 회사는 중국에서 전시회를 통해 시장 입지를 확대하고 있으며, 동남아시아와 인도에서 기회를 모색 중입니다.
INLIF, fabricant de bras manipulateurs pour machines de moulage par injection, a annoncé de solides résultats financiers pour l'exercice 2024. La société a réalisé une augmentation du chiffre d'affaires de 25,26% atteignant 15,80 millions de dollars, tandis que le bénéfice net a progressé de 18,78% pour s'établir à 1,61 million de dollars par rapport à 2023.
Les principaux faits financiers comprennent :
- Le bénéfice brut a augmenté de 9,49% pour atteindre 4,55 millions de dollars
- Le bénéfice par action est passé de 0,11 à 0,13 dollar
- La trésorerie et les équivalents ont atteint 2,47 millions de dollars
La croissance de l'entreprise a été portée par une augmentation des ventes dans plusieurs segments, avec les ventes de matières premières et de déchets affichant la plus forte progression à 136,61%. INLIF a finalisé son introduction en bourse le 3 janvier 2025, en proposant 2 millions d'actions à 4,00 dollars chacune sur le Nasdaq. Malgré des revenus plus élevés, la marge brute a diminué à 28,83% contre 32,98%. La société étend sa présence sur le marché via des expositions en Chine et explore des opportunités en Asie du Sud-Est et en Inde.
INLIF, Hersteller von Manipulatorarmen für Spritzgießmaschinen, meldete starke Finanzergebnisse für das Geschäftsjahr 2024. Das Unternehmen erzielte einen Umsatzanstieg von 25,26% auf 15,80 Millionen US-Dollar, während der Nettogewinn im Vergleich zu 2023 um 18,78% auf 1,61 Millionen US-Dollar wuchs.
Wichtige finanzielle Highlights umfassen:
- Bruttogewinn stieg um 9,49% auf 4,55 Millionen US-Dollar
- Gewinn je Aktie stieg von 0,11 auf 0,13 US-Dollar
- Barmittel und Zahlungsmitteläquivalente erreichten 2,47 Millionen US-Dollar
Das Wachstum des Unternehmens wurde durch steigende Verkäufe in mehreren Segmenten angetrieben, wobei der Verkauf von Rohmaterialien und Schrott mit 136,61% das stärkste Wachstum zeigte. INLIF schloss seinen Börsengang am 3. Januar 2025 ab und bot 2 Millionen Aktien zu je 4,00 US-Dollar an der Nasdaq an. Trotz höherer Umsätze sank die Bruttomarge von 32,98% auf 28,83%. Das Unternehmen erweitert seine Marktpräsenz durch Ausstellungen in China und erkundet Chancen in Südostasien und Indien.
- 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
- 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
Insights
INLIF posts strong FY2024 results with 25.26% revenue growth and 18.78% net income increase, despite margin compression from product mix shifts.
INLIF LIMITED's fiscal year 2024 financial results demonstrate solid growth performance across key metrics. The company achieved
Net income reached
The company's balance sheet strengthened considerably, with cash and equivalents increasing from
Operating expenses increased by
The recent Nasdaq listing in January 2025 represents a significant milestone that should provide enhanced market visibility and access to capital for INLIF's stated expansion plans in both domestic Chinese markets and international territories like Southeast Asia and India.
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
FAQ
How much did INLF revenue grow in fiscal year 2024?
What caused INLF's gross margin decline in FY 2024?
What was INLF's IPO price on Nasdaq in January 2025?
How much did INLF spend on R&D in fiscal year 2024?
What drove INLF's sales growth in manipulator arms accessories for FY 2024?
How much cash does INLF have after FY 2024?
