Li Bang International Corp Inc
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JIANGYIN, China, June 17, 2025 /PRNewswire/ -- 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 unaudited interim financial results for the six months ended December 31, 2024.
Highlights for the Six Months Ended December 31, 2024
Revenue - for the six months ended December 31, 2024, total revenues of approximately $4.7 million, compared to revenues of approximately $3.7 million for the six months ended 2023, reflecting an increase of approximately 27% due mainly to higher revenue from project sales.Gross profit - for the six months ended December 31, 2024, gross profit of $841,000, compared to gross profit of approximately $612,000 for the six months ended 2023, reflecting an increase of approximately 37% due mainly to higher revenues and margin improvement.Despite the challenges from a slow down in the PRC economy, the Company was able to reduce its net loss to approximately $1.1 million for the six months ended December 31, 2024, as comparted to net loss of approximately $1.5 million for the six months ended 2023.JIANGYIN, China, Nov. 8, 2024 /PRNewswire/ -- Li Bang International Corporation Inc. (Nasdaq: LBGJ) (the "Company" or "Li Bang"), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced its financial results for the fiscal year ended June 30, 2024.
Mr. Feng Huang, Chief Executive Officer & Chairman of the Board, commented, "Despite a challenging economic environment, fiscal year 2024 was a year of important strategic progress for Li Bang. We focused on expanding our footprint in the high-end hotel kitchen equipment sector and broadened our reach to emerging regions such as Chongqing and Xi'an. Additionally, in October 2024, we successfully completed our initial public offering and achieved a listing on the Nasdaq Capital Market under the ticker symbol 'LBGJ.' This significant milestone enhances our global competitiveness and reinforces our commitment to long-term growth."
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