Huadi International Group Co., Ltd.
ir.huadi.ccWhat Do They Do?
Manufactures stainless steel pipes, tubes and bars for energy, automotive and other industrial customers.
20-F for FY2025, filed Jan 30, 2026We are a provider of industrial stainless steel piping products and production services with extensive distribution facilities and networks…View ↗
We manufacture and supply energy tubular products, including Oil Country Tubular Goods (“OCTG”) and line pipe. OCTG is used in the oil and…View ↗
We manufacture and supply pipes and tubes for both thermal power and nuclear power plants. Our products are widely applied in power…View ↗
We manufacture and supply pipes for hydraulic mechanism components in automotives such as brake systems, steering columns and axles. We…View ↗
How Do They Make Money?
The company sells steel piping products under customer purchase orders; sales are counted when products ship or are delivered and accepted. It also earns production-service fees when an order is completed and transferred.
20-F for FY2025, filed Jan 30, 2026The Company considers customer purchase orders, which in some cases are governed by master sales agreements, to be the contracts with a…View ↗
Sales revenue is recognized when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is…View ↗
The Company identifies the product processing agreement as contract. For each contract, the Company considers the promise to provide…View ↗
-
20-F for FY2025, filed Jan 30, 2026
FY2025 revenue by product or service ↗
$62.9M
-
20-F for FY2025, filed Jan 30, 2026
$62.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales
Sold outright
20-F for FY2025, filed Jan 30, 2026 |
99%
FY2022: 4491%
|
Sales, FY2025
$62.5M Sources
|
Sold outright |
|
Production Service Revenue
Sold outright
|
0.7%
FY2022: 100%
|
Production Service Revenue, FY2025
$408K Sources
|
Sold outright |
Who Are Their Customers?
Sells to industrial end users in China; reaches U.S. engineering and pharmaceutical equipment buyers through dealers; and serves overseas power companies and distributors.
20-F for FY2025, filed Jan 30, 2026For the Chinese market, we supplied a significant portion of our products to the oil and gas, electrical energy, pharmaceutical, and…View ↗
We primarily sell our engineering and pharmaceutical equipment piping products to the United States through our network of dealers. We also…View ↗
Our major customer in India is a leading power company with whom we have partnered with for over 10 years. We primarily supply CDS pipe…View ↗
Our major customers in Singapore is a leading master distributor of stainless steel and high nickel alloys seamless tubes and fittings. We…View ↗
Do Revenues Turn Into Profits?
No. It lost $1.4M in FY2025.
20-F for FY2025, filed Jan 30, 2026
−$2.9MView ↗
20-F for FY2025, filed Jan 30, 2026
−$1.4MView ↗
20-F for FY2025, filed Jan 30, 2026
−$9.9MView ↗
How Are They Changing?
Growing. Revenue grew 19.4x in 4 years, from $3.2M in FY2021 to $62.9M in FY2025, about 110% a year.
Loading...
