Huadi International Group Co., Ltd. (HUDI) Income Statement Analysis

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Complete financial analysis of Huadi International Group Co., Ltd. (HUDI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Huadi International Group Co., Ltd., a leading company in the Steel industry within the Basic Materials sector.

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Huadi International Group Co., Ltd. (HUDI)

Industry: Steel

Sector: Basic Materials

Website: https://www.huadi.cc

About Huadi International Group Co., Ltd.

Huadi International Group Co., Ltd. develops, manufactures, markets, and sells industrial stainless steel seamless pipes, tubes, bars, and plates in the People's Republic of China. The company's products are used in oil and gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill, and mechanical industries. It also exports its products to 20 countries, including the United States, Mexico, Thailand, Australia, Argentina, India, the Philippines, the United Arab Emirates, Taiwan, Canada, and internationally. The company was founded in 1992 and is based in Wenzhou, the People's Republic of China. Huadi International Group Co., Ltd. is a subsidiary of Yongqiang Donghai Limited.

Metric	2023	2022	2021	2020	2019	2018	2017
Revenue	84.33M	76.37M	70.25M	59.14M	65.52M	60.39M	49.40M
Cost of Revenue	71.98M	65.23M	58.93M	48.47M	50.90M	47.14M	39.73M
Gross Profit	12.36M	11.14M	11.32M	10.66M	14.62M	13.24M	9.67M
Gross Profit Ratio	14.65%	14.58%	16.11%	18.03%	22.32%	21.93%	19.58%
Research & Development	2.55M	2.33M	2.06M	2.12M	1.78M	1.45M	1.45M
General & Administrative	7.18M	6.28M	6.45M	3.83M	4.32M	3.24M	0.00
Selling & Marketing	157.29K	167.46K	237.56K	104.93K	147.36K	105.73K	0.00
SG&A	7.34M	6.45M	6.68M	3.94M	4.47M	3.34M	3.13M
Other Expenses	-644.12K	1.40M	1.95M	1.28M	222.25K	470.75K	0.00
Operating Expenses	9.24M	8.78M	8.74M	6.06M	6.24M	4.79M	4.58M
Cost & Expenses	81.22M	74.01M	67.67M	54.53M	57.14M	51.93M	44.31M
Interest Income	0.00	1.63M	2.06M	2.16M	2.15M	0.00	2.04M
Interest Expense	296.27K	1.63M	2.06M	2.16M	2.15M	2.08M	0.00
Depreciation & Amortization	715.89K	792.89K	767.68K	753.63K	648.25K	726.66K	923.41K
EBITDA	4.53M	4.54M	3.35M	5.36M	9.25M	8.82M	6.02M
EBITDA Ratio	5.37%	5.99%	7.54%	11.22%	14.12%	15.98%	12.19%
Operating Income	3.11M	3.75M	4.53M	4.46M	8.38M	8.20M	5.10M
Operating Income Ratio	3.69%	4.91%	6.44%	7.54%	12.79%	13.58%	10.32%
Total Other Income/Expenses	405.49K	-231.47K	-109.93K	-1.03M	-1.93M	-1.61M	6.26M
Income Before Tax	3.52M	2.12M	2.47M	3.58M	6.45M	6.59M	11.36M
Income Before Tax Ratio	4.17%	2.78%	3.51%	6.05%	9.85%	10.91%	22.99%
Income Tax Expense	220.85K	173.02K	-89.00K	218.95K	1.01M	1.34M	2.03M
Net Income	3.26M	1.92M	2.53M	3.32M	5.39M	5.20M	9.24M
Net Income Ratio	3.86%	2.52%	3.60%	5.62%	8.23%	8.60%	18.69%
EPS	0.23	0.15	0.21	0.24	0.40	0.39	0.68
EPS Diluted	0.23	0.15	0.21	0.24	0.40	0.39	0.68
Weighted Avg Shares Out	14.14M	13.23M	12.12M	13.59M	13.59M	13.22M	13.59M
Weighted Avg Shares Out (Dil)	14.14M	13.23M	12.12M	13.59M	13.59M	13.22M	13.59M

U.S. IPO Weekly Recap: The IPO Market Has No Time To RLX In A 6-IPO Week

January 24, 2021seekingalpha.com

The 2021 IPO market continued gaining momentum this past week as six IPOs and 14 SPACs raised $6.2 billion. The IPO pipeline remained active as well, with 36 new filings from IPOs and SPACs combined.