Li Bang International Announces Its Audited Financial Results for Fiscal Year Ended June 30, 2025
Li Bang International (Nasdaq: LBGJ) reported audited results for fiscal year ended June 30, 2025 showing modest revenue growth and improved margins. Total revenue rose 2.9% to $11.1M and gross profit increased to $3.2M with gross margin expanding to 29.2% from 25.1%. Net loss narrowed by 26.1% to $1.0M versus fiscal 2024. The company cited lower stainless-steel prices and disciplined pricing as drivers of margin improvement, and said retail and project sales both increased year over year.
Operating expenses were roughly $4.6M; general and administrative costs rose 14.3%. Cash on hand improved to $933,826 from $153,914. Management said it will prioritize revenue growth, margin protection, liquidity and pursue acquisitions within six months.
Li Bang International (Nasdaq: LBGJ) ha pubblicato risultati controllati per l'anno fiscale chiuso al 30 giugno 2025, evidenziando una crescita modesta dei ricavi e margini migliorati. I ricavi totali sono saliti del 2,9% a 11,1 milioni di dollari e il margine lordo è salito a 3,2 milioni di dollari con una redditività lorda al 29,2% rispetto al 25,1% del periodo precedente. La perdita netta è scesa di 26,1% a 1,0 milioni rispetto all'esercizio 2024. L'azienda ha indicato che prezzi più bassi dell'acciaio inossidabile e una gestione dei prezzi disciplinata hanno guidato il miglioramento del margine, e ha affermato che le vendite al dettaglio e i progetti sono cresciuti anno su anno.
I costi operativi ammontavano a circa 4,6 milioni; le spese generali e amministrative sono aumentate del 14,3%. La liquidità disponibile è migliorata a 933.826 dollari da 153.914. La direzione ha detto che darà priorità alla crescita dei ricavi, alla protezione dei margini, alla liquidità e mirerà ad acquisizioni entro sei mesi.
Li Bang International (Nasdaq: LBGJ) presentó resultados auditados para el año fiscal terminado el 30 de junio de 2025, mostrando un crecimiento modesto de los ingresos y márgenes mejorados. Los ingresos totales aumentaron un 2,9% hasta 11,1 millones de dólares y la ganancia bruta subió a 3,2 millones de dólares con un margen bruto que se expandió a 29,2% desde el 25,1%. La pérdida neta se redujo en un 26,1% a 1,0 millón frente al año fiscal 2024. La empresa citó precios más bajos de acero inoxidable y una política de precios disciplinada como impulsores de la mejora del margen, y dijo que las ventas minoristas y de proyectos aumentaron año tras año.
Los gastos operativos fueron aproximadamente 4,6 millones; los costos generales y administrativos subieron un 14,3%. La liquidez disponible mejoró a 933.826 dólares desde 153.914. La dirección indicó que priorizará el crecimiento de ingresos, la protección del margen, la liquidez y buscará adquisiciones dentro de seis meses.
Li Bang International (Nasdaq: LBGJ)가 2025년 6월 30일 종료된 회계연도에 대한 공정감사 결과를 발표했습니다. 매출은 완만한 성장과 마진 개선을 보여주었습니다. 총매출은 2.9% 증가하여 1,110만 달러가 되었고, 매출총이익은 320만 달러로 증가했으며 매 gross 마진은 25.1%에서 29.2%로 확장되었습니다. 순손실은 26.1% 감소하여 100만 달러에 이르렀습니다(전년 회계연도 대비). 회사는 스테인리스강 가격 하락과 가격 정책의 일관성이 마진 개선의 원인이라고 밝혔으며 소매 및 프로젝트 매출이 전년 대비 증가했다고 밝혔습니다.
영업비는 대략 460만 달러였고 일반관리비는 14.3% 증가했습니다. 현금 보유고는 93만 3,826 달러로 개선되었고(전년 15만 3,914 달러 대비), 경영진은 향후 6개월 이내에 매출 성장, 마진 보호, 유동성 강화에 우선순위를 두고 인수를 추진하겠다고 말했습니다.
Li Bang International (Nasdaq: LBGJ) a publié des résultats audités pour l'exercice clos le 30 juin 2025, montrant une croissance modeste du chiffre d'affaires et des marges améliorées. Le chiffre d'affaires total a augmenté de 2,9% pour atteindre 11,1 millions de dollars et le bénéfice brut a progressé pour atteindre 3,2 millions de dollars avec une marge brute s'élevant à 29,2% contre 25,1%. La perte nette s'est réduite de 26,1% à 1,0 million par rapport à l'exercice 2024. L'entreprise a attribué l'amélioration des marges à des prix plus bas pour l'acier inoxydable et à une politique de tarification disciplinée, et a déclaré que les ventes au détail et les ventes de projets ont tous deux augmenté d'une année sur l'autre.
Les coûts d'exploitation se situent autour de 4,6 millions ; les coûts généraux et administratifs ont augmenté de 14,3%. La trésorerie disponible s'est améliorée à 933 826 dollars contre 153 914. La direction a déclaré qu'elle privilégierait la croissance du chiffre d'affaires, la protection des marges, la liquidité et qu'elle visera des acquisitions dans les six mois.
Li Bang International (Nasdaq: LBGJ) legte geprüfte Ergebnisse für das Geschäftsjahr zum 30. Juni 2025 vor, die ein moderates Umsatzwachstum und verbesserte Margen zeigen. Der Gesamtumsatz stieg um 2,9% auf 11,1 Mio. USD und der Bruttogewinn vervielfachte sich auf 3,2 Mio. USD mit einer Bruttomarge von 29,2% gegenüber 25,1%. Der Nettogewinn schrumpfte um 26,1% auf 1,0 Mio. USD gegenüber dem Geschäftsjahr 2024. Das Unternehmen führte niedrigere Edelstahlpreise und eine disziplinierte Preisgestaltung als Treiber der Margenverbesserung an und sagte, dass Einzelhandels- und Projektverkäufe beide gegenüber dem Vorjahr gestiegen seien.
Die Betriebsausgaben lagen grob bei 4,6 Mio. USD; Allgemeine Verwaltungsaufwendungen stiegen um 14,3%. Die verfügbare Liquidität verbesserte sich auf 933.826 USD von 153.914. Das Management sagte, dass es Umsatzwachstum, Margenschutz, Liquidität priorisieren und innerhalb von sechs Monaten Akquisitionen anstreben werde.
Li Bang International (نُشرة ناسداك: LBGJ) قد أصدرت نتائج مُدققة للعام المالي المنتهي في 30 يونيو 2025 تُظهر نموًا متواضعًا في الإيرادات وهوامش محسّنة. ارتفع إجمالي الإيرادات بنسبة 2.9% ليصل إلى 11.1 مليون دولار وزادت الأرباح الإجمالية إلى 3.2 مليون دولار مع توسيع هامش الإجمالى إلى 29.2% من 25.1%. تقلّصت الخسارة الصافية بــ26.1% إلى 1.0 مليون دولار مقارنةً بالعام المالي 2024. أشارت الشركة إلى أن انخفاض أسعار الفولاذ المقاوم للصدأ وسياسة التسعير الانضباطية يعتبران محركي تحسن الهامش، وأفادت بأن مبيعات التجزئة والمشروعات قد زادت على أساس سنوي.
كانت النفقات التشغيلية نحو 4.6 مليون دولار تقريبًا؛ ارتفعت تكاليف البيع والتكاليف العامة والإدارية بــ14.3%. تحسنت النقدية المتاحة إلى 933,826 دولارًا من 153,914. وقالت الإدارة إنها ستعطي أولوية لنمو الإيرادات وحماية الهامش والسيولة وستسعى لعمليات استحواذ خلال ستة أشهر.
- Gross margin expanded by 4.1 percentage points to 29.2%
- Net loss narrowed by 26.1% to approximately $1.0M
- Cash increased to $933,826 from $153,914
- General and administrative expenses rose 14.3% to approximately $2.9M
- Provision for expected credit losses remained high at approximately $1.0M
- Company still reported a net loss of approximately $1.0M for FY2025
Insights
Fiscal 2025 shows modest revenue growth, materially improved margins, reduced loss, and stronger cash — incremental positive operational progress.
Revenue rose to
Operating discipline trimmed selling costs and lowered credit‑loss provisioning; however, operating expenses rose to
The main dependencies and risks include stainless‑steel price moves, project demand variability, and execution of stated diversification and acquisition plans. Watch the company’s progress on converting backlog into cash, any announced acquisitions within the next six months, and G&A trajectory after the IPO; these items give the clearest short‑term signal on whether margin and liquidity gains persist into
JIANGYIN, China, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. ("Li Bang International") and its subsidiaries (collectively, the "Company," "we," "us," "our company," or "Li Bang") (Nasdaq: LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced its audited financial results for the fiscal year ended June 30, 2025.
Highlights for Fiscal Year Ended June 30, 2025
- Total revenue increased
2.9% to approximately$11.1 million for the year ended June 30, 2025 from approximately$10.8 million for fiscal year 2024. - Gross profit increased
4.1% to approximately$3.2 million for the year ended June 30, 2025, compared to approximately$2.7 million for fiscal year 2024. Gross margin improved by 4.1 percentage points, to29.2% for the year ended June 30, 2025, from25.1% for fiscal year 2024. - Net loss was kept being narrowed to approximately
$1.0 million for fiscal year 2025 from approximately$1.4 million in 2024.
Mr. Huang Feng, Chief Executive Officer and Chairman of Li Bang, commented: “We made measurable progress for the year ended June 30, 2025 versus the prior year. Total revenue increased by
“Against the industry backdrop of softer raw‑material costs and continued demand variability in project-based markets, the Company has benefited from both input-cost tailwinds and disciplined pricing. Past investments in regional expansion and channel testing informed a leaner marketing approach in 2025, and improved collections have reduced provisioning pressure. The Company remains mindful that market cycles, stainless‑steel pricing and end‑market demand will influence near‑term performance.”
“Looking ahead, we will prioritize sustainable revenue growth, margin protection and liquidity. The Company will pursue customer and geographic diversification to increase higher‑margin project sales, secure supplier terms to mitigate raw‑material volatility, and scale the retail channel selectively. Li Bang is also actively looking for acquisition opportunities across upstream and downstream sectors and expects to make progress within the next six months, with timely updates to the market. Meanwhile we will manage discretionary spend and focus on converting backlog into cash to support operations and corporate development.”
Audited Financial Results for Fiscal Years Ended June 30, 2025 and 2024
| 2025 | 2024 | Variance | |||||||||||||||||
| In USD million except percentages, differences due to rounding. | Amount | % of revenue | Amount | % of revenue | % | ||||||||||||||
| Revenues | $ | 11.1 | 100.0 | % | $ | 10.8 | 100.0 | % | 2.9 | % | |||||||||
| Cost of revenues | (7.9 | ) | (70.8 | )% | (8.1 | ) | (74.9 | )% | (2.8 | )% | |||||||||
| Gross profit | 3.2 | 29.2 | % | 2.7 | 25.1 | % | 20.0 | % | |||||||||||
| Total operating expenses | 4.6 | 41.5 | % | 4.4 | 40.9 | % | 4.1 | % | |||||||||||
| Loss from operations | (1.4 | ) | (12.3 | )% | (1.7 | ) | (15.8 | )% | (21.0 | )% | |||||||||
| Net loss attributable to ordinary shareholders | $ | (1.0 | ) | (9.2 | )% | (1.4 | ) | (12.7 | )% | (26.1 | )% | ||||||||
Revenues
Total revenue increased by
- Revenues from project sales increased by
$219,298 or2.1% to approximately$10.6 million for the year ended June 30, 2025 from approximately$10.4 million for fiscal year 2024. The increase was primarily due to the increase in average project price. - Revenues from retail sales increased by
$92,765 or25.2% to approximately$0.5 million for the year ended June 30, 2025 from approximately$0.4 million for fiscal year 2024. The change in retail revenues is due primarily to 19 more retail orders completed in the year ended June 30, 2025 compared to fiscal year 2024.
Cost of Revenues
Total cost of revenues was approximately
- Cost of project sales decreased by
$299,915 , or3.8% , to approximately$7.5 million for the year ended June 30, 2025 from approximately$7.8 million for fiscal year 2024. The decrease was due primarily to the decrease in nthe prices of raw materials. The highest unit price of main materials (stainless steel) decreased by8.3% in fiscal year 2025. - Cost of retail sales increased by
$71,137 or26.2% to approximately$0.3 million for the year ended June 30, 2025 from approximately$0.27 for fiscal year 2024. The increase was due mainly to the increase in the completion and delivery of retail projects in fiscal year 2025.
Gross Profit
Gross profit was approximately
- Gross profit for project sales increased by
$519,213 t o approximately$3.1 million for the year ended June 30, 2025, as compared to approximately$2.6 million for fiscal year 2024. The increase was due to higher average project price in couple with lower cost of main materials (stainless steel) in the year ended June 30, 2025. - Gross profit for retail sales increased to
$118,222 for the year ended June 30, 2025 from$96,594 for fiscal year 2024.
The Company expect to expand market, develop new customers, and enhance operational efficiency to improve gross margin.
Operating Expenses
Operating expenses were approximately
- Selling expenses decreased by
10.7% to approximately$0.7 million for the year ended June 30, 2025, down from approximately$0.8 million in fiscal year 2024, primarily due to reduced market expansion costs following expansion into new regions in the previous year as the Company refined its marketing strategy in fiscal year 2025. - General and administrative expenses increased by
14.3% to approximately$2.9 million , up from approximately$2.5 million in fiscal year 2024, mainly due to higher consulting fees, partially offset by decreased depreciation expenses. The Company anticipates further increases in these expenses post-IPO. - The provision for expected credit losses decreased by
8.2% to approximately$1.0 million , down from approximately$1.1 million in fiscal year 2024, driven by favorable collection experience.
Other Income, Net
Other income, net increased by
Net Loss
Net loss attributable to the Company’s ordinary shareholders decreased by
Balance Sheet
As of June 30, 2025 the Company had cash of
About Li Bang International Corporation Inc.
Li Bang International Corporation Inc. (Nasdaq: LBGJ) specializes in the development, production, and sale of stainless-steel commercial kitchen equipment under its own "Li Bang" brand in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Committed to innovation and high-quality, the Company uses modern production facilities and mature procedures and strives to become a first-class commercial kitchen appliance manufacturer in China. The Company's long-term vision is to establish itself as a household name, synonymous with the products it manufactures. For more information, please visit the company's website at https://ir.libangco.cn.
Forward Looking Statements
Certain statements in this announcement constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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 identify these forward-looking statements by words or phrases such as “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or other comparable terminology. 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 financial results filings with the U.S. Securities and Exchange Commission.
CONTACTS
Li Bang International Corporation Inc.
Investor Relations Department
Email: guanli@libangco.cn
WFS Investor Relations
Email: services@wealthfsllc.com
Phone: +1 628 283 9214
| LI BANG INTERNATIONAL CORPORATION INC. CONSOLIDATED BALANCE SHEETS | ||||||||
| As of June 30, | ||||||||
| 2025 | 2024 | |||||||
| ASSETS | ||||||||
| Current Assets: | ||||||||
| Cash | $ | 933,826 | $ | 153,914 | ||||
| Restricted cash | 145,739 | 80,293 | ||||||
| Fixed deposits | 2,654,150 | - | ||||||
| Accounts receivable, net | 12,280,554 | 12,286,665 | ||||||
| Notes receivable | 29,544 | 172,348 | ||||||
| Advances to suppliers, net | 781,590 | 991,518 | ||||||
| Inventories | 1,513,758 | 1,750,369 | ||||||
| Loans receivable | 1,000,000 | - | ||||||
| Prepaid expenses and other current assets, net | 600,927 | 283,061 | ||||||
| Total current assets | 19,940,088 | 15,718,168 | ||||||
| Non-current assets: | ||||||||
| Fixed deposits | - | 2,665,993 | ||||||
| Non-current accounts receivable | 517,810 | 670,146 | ||||||
| Non-current loans receivable | 3,515,050 | - | ||||||
| Prepayment for land use rights | - | 1,403,154 | ||||||
| Deferred offering costs | - | 588,013 | ||||||
| Property and equipment, net | 2,633,046 | 2,790,891 | ||||||
| Intangible assets, net | 522,560 | 539,925 | ||||||
| Deferred tax assets, net | 690,158 | 533,345 | ||||||
| Other non-current assets | 15,779 | 169,933 | ||||||
| Total non-current assets | 7,894,403 | 9,361,400 | ||||||
| Total Assets | $ | 27,834,491 | $ | 25,079,568 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: | ||||||||
| Short-term loans | $ | 7,501,467 | $ | 6,857,415 | ||||
| Accounts payable | 4,075,878 | 4,694,905 | ||||||
| Advances from customers | 926,830 | 1,027,164 | ||||||
| Taxes payable | 3,268,416 | 3,273,227 | ||||||
| Due to related parties | 210,490 | 131,574 | ||||||
| Other payables and other current liabilities | 963,789 | 1,033,729 | ||||||
| Total current liabilities | 16,946,870 | 17,018,014 | ||||||
| Non-current Liabilities: | ||||||||
| Long-term loans | 3,073,227 | 3,806,557 | ||||||
| Total non-current liabilities | 3,073,227 | 3,806,557 | ||||||
| Total Liabilities | 20,020,097 | 20,824,571 | ||||||
| Commitments and Contingencies | - | - | ||||||
| Equity: | ||||||||
| Ordinary shares (par value | 1,875 | 1,700 | ||||||
| Subscription receivable | (1,699 | ) | (1,699 | ) | ||||
| Additional paid-in capital | 6,831,401 | 2,236,677 | ||||||
| Statutory reserves | 800,096 | 755,100 | ||||||
| Retained earnings | 525,406 | 1,583,977 | ||||||
| Accumulated other comprehensive loss | (279,104 | ) | (258,907 | ) | ||||
| Total shareholders’ equity of the Company | 7,877,975 | 4,316,848 | ||||||
| Non-controlling interests | (63,581 | ) | (61,851 | ) | ||||
| Total Equity | 7,814,394 | 4,254,997 | ||||||
| Total Liabilities and Equity | $ | 27,834,491 | $ | 25,079,568 | ||||
| LI BANG INTERNATIONAL CORPORATION INC. CONSOLIDATED STATEMENTS OF (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME | ||||||||||||
| For the Years Ended June 30, | ||||||||||||
| 2025 | 2024 | 2023 | ||||||||||
| Revenues: | ||||||||||||
| Project revenues | $ | 10,645,337 | $ | 10,426,039 | $ | 13,581,021 | ||||||
| Retail revenues | 460,741 | 367,976 | 423,527 | |||||||||
| Total revenues | 11,106,078 | 10,794,015 | 14,004,548 | |||||||||
| Cost of revenues | (7,857,589 | ) | (8,086,367 | ) | (8,246,591 | ) | ||||||
| Gross profit | 3,248,489 | 2,707,648 | 5,757,957 | |||||||||
| Operating expenses: | ||||||||||||
| Selling and marketing | 742,029 | 831,252 | 650,268 | |||||||||
| General and administrative | 2,867,091 | 2,509,143 | 2,646,569 | |||||||||
| Provision for expected credit losses | 995,725 | 1,084,649 | 1,213,483 | |||||||||
| Total operating expenses | 4,604,845 | 4,425,044 | 4,510,320 | |||||||||
| (Loss) income from operations | (1,356,356 | ) | (1,717,396 | ) | 1,247,637 | |||||||
| Other income (expenses): | ||||||||||||
| Interest expense | (403,231 | ) | (430,639 | ) | (375,445 | ) | ||||||
| Other income (expenses), net | 717,759 | 586,428 | (5,461 | ) | ||||||||
| Total other income (expenses), net | 314,528 | 155,789 | (380,906 | ) | ||||||||
| (Loss) income before provision for income taxes | (1,041,828 | ) | (1,561,607 | ) | 866,731 | |||||||
| Income tax (benefit) expense | (26,249 | ) | (187,720 | ) | 252,611 | |||||||
| Net (loss) income | (1,015,579 | ) | (1,373,887 | ) | 614,120 | |||||||
| Less: net loss attributable to non-controlling interests | (2,004 | ) | (2,746 | ) | (2,698 | ) | ||||||
| Net (loss) income attributable to ordinary shareholders | $ | (1,013,575 | ) | $ | (1,371,141 | ) | $ | 616,818 | ||||
| Comprehensive (loss) income | ||||||||||||
| Net (loss) income | $ | (1,015,579 | ) | $ | (1,373,887 | ) | 614,120 | |||||
| Foreign currency translation (loss) gain | (19,923 | ) | 79,844 | (417,717 | ) | |||||||
| Total comprehensive (loss) income | (1,035,502 | ) | (1,294,043 | ) | 196,403 | |||||||
| Comprehensive (loss) income attributable to non-controlling interests | (1,730 | ) | (3,558 | ) | 1,677 | |||||||
| Comprehensive (loss) income attributable to ordinary shareholders | $ | (1,033,772 | ) | $ | (1,290,485 | ) | $ | 194,726 | ||||
| (Loss) earnings per ordinary share | ||||||||||||
| – Basic and diluted | $ | (0.06 | ) | $ | (0.08 | ) | $ | 0.04 | ||||
| Weighted average number of ordinary shares outstanding | ||||||||||||
| – Basic and diluted | 18,183,518 | 17,000,000 | 17,000,000 | |||||||||
| LI BANG INTERNATIONAL CORPORATION INC. CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||
| For the Years Ended June 30, | ||||||||||||
| 2025 | 2024 | 2023 | ||||||||||
| Cash flows from operating activities: | ||||||||||||
| Net (loss) income | $ | (1,015,579 | ) | $ | (1,373,887 | ) | $ | 614,120 | ||||
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||||||||
| Depreciation and amortization | 426,992 | 460,720 | 498,650 | |||||||||
| (Gain) loss on disposal of property and equipment | (15,400 | ) | (14,839 | ) | 547 | |||||||
| Provision for expected credit losses | 995,725 | 1,084,649 | 1,213,483 | |||||||||
| Deferred tax benefit | (159,153 | ) | (93,655 | ) | (223,230 | ) | ||||||
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts receivable | (738,705 | ) | (391,851 | ) | (5,049,769 | ) | ||||||
| Notes receivable | 142,013 | (172,208 | ) | 14,694 | ||||||||
| Advances to suppliers | 65,524 | (201,638 | ) | (299,526 | ) | |||||||
| Inventories | 228,794 | (182,119 | ) | 460,389 | ||||||||
| Due from related parties | - | - | 297,666 | |||||||||
| Prepaid expenses and other current assets | (181,905 | ) | 35,262 | (195,641 | ) | |||||||
| Accounts payable | (598,063 | ) | 273,650 | 1,054,719 | ||||||||
| Advances from customers | (95,754 | ) | (16,578 | ) | 294,836 | |||||||
| Taxes payable | 6,787 | (102,435 | ) | 639,275 | ||||||||
| Due to related parties | 79,486 | (26,077 | ) | 85,253 | ||||||||
| Other payables and other current liabilities | (67,429 | ) | 74,527 | (39,880 | ) | |||||||
| Net cash used in operating activities | (926,667 | ) | (646,479 | ) | (634,414 | ) | ||||||
| Cash flows from investing activities: | ||||||||||||
| Loans to third parties | (4,515,050 | ) | - | - | ||||||||
| Purchases of property and equipment | (273,823 | ) | (104,523 | ) | (175,962 | ) | ||||||
| Proceeds from disposal of property and equipment | 25,556 | 17,334 | 144 | |||||||||
| Refund of the land use right payment | 1,396,668 | - | - | |||||||||
| Purchases of fixed deposits | - | - | (2,737,161 | ) | ||||||||
| Net cash used in investing activities | (3,366,649 | ) | (87,189 | ) | (2,912,979 | ) | ||||||
| Cash flows from financing activities: | ||||||||||||
| Proceeds from loans | 8,393,972 | 7,969,044 | 14,461,012 | |||||||||
| Repayments of loans | (8,435,872 | ) | (7,422,258 | ) | (10,425,427 | ) | ||||||
| Payment of offering costs | (188,119 | ) | (127,300 | ) | (91,238 | ) | ||||||
| Net proceeds from initial public offering | 5,368,773 | - | - | |||||||||
| Net cash provided by financing activities | 5,138,754 | 419,486 | 3,944,347 | |||||||||
| Effect of foreign exchange rate on cash | (80 | ) | 7,262 | (27,857 | ) | |||||||
| Net increase (decrease) in cash and restricted cash | 845,358 | (306,920 | ) | 369,097 | ||||||||
| Cash and restricted cash at the beginning of the year | 234,207 | 541,127 | 172,030 | |||||||||
| Cash and restricted cash at the end of the year | $ | 1,079,565 | $ | 234,207 | $ | 541,127 | ||||||
| Reconciliation of cash and restricted cash | ||||||||||||
| Cash | $ | 933,826 | $ | 153,914 | $ | 76,019 | ||||||
| Restricted cash | 145,739 | 80,293 | 465,108 | |||||||||
| Total cash and restricted cash shown in the statements of cash flows | $ | 1,079,565 | $ | 234,207 | $ | 541,127 | ||||||
| Supplemental disclosures of cash flow information: | ||||||||||||
| Interest paid | $ | 400,617 | $ | 425,736 | $ | 375,286 | ||||||
| Income taxes paid | $ | 53,646 | $ | 59 | $ | 167,010 | ||||||
| Non-cash transactions: | ||||||||||||
| Reclassification of deferred offering cost | $ | 585,755 | $ | - | $ | - | ||||||
FAQ
What were Li Bang International's total revenues for fiscal year ended June 30, 2025 (LBGJ)?
How much did Li Bang's gross margin improve in fiscal year ended June 30, 2025 (LBGJ)?
What was Li Bang International's net loss for fiscal year ended June 30, 2025 (LBGJ)?
How did Li Bang's cash position change as of June 30, 2025 (LBGJ)?
What drove Li Bang's margin improvement in fiscal 2025 (LBGJ)?
Are there any near-term corporate actions Li Bang (LBGJ) expects to pursue?
