Financial Snapshot

Revenue
$161.0M
TTM
Gross Margin
13.87%
TTM
Net Earnings
$5.996M
TTM
Current Assets
$70.26M
Q1 2024
Current Liabilities
$14.84M
Q1 2024
Current Ratio
473.32%
Q1 2024
Total Assets
$92.86M
Q1 2024
Total Liabilities
$17.20M
Q1 2024
Book Value
$75.66M
Q1 2024
Cash
$7.804M
Q1 2024
P/E
4.590
Nov 29, 2024 EST
Free Cash Flow
-$13.79M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $1.219M $76.37M $70.25M $59.14M $65.52M $60.39M
YoY Change -98.4% 8.71% 18.78% -9.74% 8.49%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $1.219M $76.37M $70.25M $59.14M $65.52M $60.39M
Cost Of Revenue $84.33M $65.23M $58.93M $48.47M $50.90M $47.14M
Gross Profit $12.36M $11.14M $11.32M $10.66M $14.62M $13.24M
Gross Profit Margin 1013.55% 14.58% 16.11% 18.03% 22.31% 21.92%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $7.338M $6.452M $6.684M $4.080M $4.470M $3.600M
YoY Change 13.73% -3.47% 63.83% -8.72% 24.17%
% of Gross Profit 59.39% 57.94% 59.05% 38.27% 30.57% 27.19%
Research & Development $2.551M $2.331M $2.058M $2.120M $1.780M $1.450M
YoY Change 9.43% 13.29% -2.95% 19.1% 22.76%
% of Gross Profit 20.64% 20.93% 18.18% 19.89% 12.18% 10.95%
Depreciation & Amortization $657.1K $825.0K $767.7K $750.0K $650.0K $720.0K
YoY Change -20.35% 7.46% 2.36% 15.38% -9.72%
% of Gross Profit 5.32% 7.41% 6.78% 7.04% 4.45% 5.44%
Operating Expenses $9.245M $8.783M $8.742M $6.210M $6.240M $5.050M
YoY Change 5.26% 0.47% 40.77% -0.48% 23.56%
Operating Profit $3.111M $2.353M $2.578M $4.450M $8.380M $8.190M
YoY Change 32.22% -8.74% -42.07% -46.9% 2.32%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $347.9K -$1.630M -$2.058M -$2.160M -$2.150M -$2.080M
YoY Change -121.35% -20.83% -4.7% 0.47% 3.37%
% of Operating Profit 11.18% -69.27% -79.85% -48.54% -25.66% -25.4%
Other Income/Expense, Net $405.5K $1.398M $1.949M $1.280M $220.0K $470.0K
YoY Change -71.0% -28.24% 52.23% 481.82% -53.19%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $3.516M $2.121M $2.468M $3.580M $6.450M $6.590M
YoY Change 65.77% -14.06% -31.06% -44.5% -2.12%
Income Tax $220.9K $173.0K -$89.00K $220.0K $1.010M $1.340M
% Of Pretax Income 6.28% 8.16% -3.61% 6.15% 15.66% 20.33%
Net Earnings $3.258M $1.924M $2.531M $3.320M $5.390M $5.200M
YoY Change 69.3% -23.99% -23.75% -38.4% 3.65%
Net Earnings / Revenue 267.24% 2.52% 3.6% 5.61% 8.23% 8.61%
Basic Earnings Per Share $0.23 $0.15 $0.21
Diluted Earnings Per Share $0.23 $0.15 $208.9K $332.0K $269.5K $260.0K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $20.19M $13.20M $15.35M $800.0K $1.060M $1.310M
YoY Change 53.02% -14.03% 1818.78% -24.53% -19.08%
Cash & Equivalents $20.19M $13.20M $15.35M $800.0K $1.060M $1.310M
Short-Term Investments
Other Short-Term Assets $2.875M $4.717M $10.66M $7.250M $8.520M $9.610M
YoY Change -39.04% -55.76% 47.05% -14.91% -11.34%
Inventory $26.71M $24.87M $22.72M $20.84M $17.85M $22.14M
Prepaid Expenses
Receivables $22.63M $19.66M $25.28M $15.53M $14.50M $16.09M
Other Receivables $7.832M $1.963M $3.069M $2.930M $6.010M $8.020M
Total Short-Term Assets $80.24M $64.40M $77.08M $47.35M $47.93M $57.18M
YoY Change 24.59% -16.45% 62.79% -1.21% -16.18%
Property, Plant & Equipment $5.355M $5.989M $7.209M $6.690M $6.480M $3.490M
YoY Change -10.59% -16.92% 7.75% 3.24% 85.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.52M $12.84M $14.17M $13.45M $12.78M $13.30M
YoY Change -2.5% -9.42% 5.37% 5.24% -3.91%
Other Assets $590.9K $338.7K $549.9K $440.0K $410.0K $730.0K
YoY Change 74.45% -38.4% 24.98% 7.32% -43.84%
Total Long-Term Assets $22.77M $20.23M $23.17M $21.77M $20.84M $18.76M
YoY Change 12.55% -12.65% 6.41% 4.46% 11.09%
Total Assets $103.0M $84.64M $100.2M $69.12M $68.77M $75.94M
YoY Change
Accounts Payable $7.126M $3.359M $1.714M $1.860M $1.120M $1.180M
YoY Change 112.18% 95.98% -7.86% 66.07% -5.08%
Accrued Expenses $1.946M $1.771M $2.049M $1.590M $1.890M $1.120M
YoY Change 9.88% -13.55% 28.87% -15.87% 68.75%
Deferred Revenue
YoY Change
Short-Term Debt $6.075M $12.44M $35.77M $32.74M $35.19M $47.32M
YoY Change -51.15% -65.23% 9.26% -6.96% -25.63%
Long-Term Debt Due $43.86K
YoY Change
Total Short-Term Liabilities $22.61M $25.70M $48.77M $43.33M $47.57M $59.33M
YoY Change -12.03% -47.3% 12.55% -8.91% -19.82%
Long-Term Debt $5.399M $9.301M $0.00 $0.00 $0.00 $0.00
YoY Change -41.95%
Other Long-Term Liabilities $317.7K
YoY Change
Total Long-Term Liabilities $5.717M $9.301M $0.00 $0.00 $0.00 $0.00
YoY Change -38.54%
Total Liabilities $28.60M $35.25M $49.03M $43.56M $47.74M $59.46M
YoY Change -18.87% -28.1% 12.56% -8.76% -19.71%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 14.14M shares 13.23M shares 12.12M shares
Diluted Shares Outstanding 14.14M shares 13.23M shares 12.12M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $27.52 Million

About Huadi International Group Co., Ltd.

Huadi International Group Co. Ltd. engages in the manufacturing of industrial stainless steel seamless pipes and tubes products. The company is headquartered in Wenzhou, Zhejiang and currently employs 362 full-time employees. The company went IPO on 2021-01-22. Its core product is HuaGang stainless steel seamless pipe. The firm is offering a comprehensive range of products with a specialty in high-end products such as 347H corrosion and acid-resistant stainless steel seamless pipes, S32205 duplex stainless steel plates and automobile steel plates, bright steel pipes as well as precision tubes. The products are used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill and mechanical industries. The firm conducts its businesses within the China market and to overseas markets such as United States, Mexico, Thailand, Australia, Argentina, India, the Philippines and Canada.

Industry: Steel Pipe & Tubes Peers: ZK International Group Co., Ltd.