Designs and installs high-purity gas and chemical supply systems, plus factory monitoring and control systems, for semiconductor and electronics manufacturers.
20-F for FY2025, filed Apr 28, 2026We, through our Operating Subsidiaries, specialize in providing factory facility management and monitoring systems, including high-purity…View ↗
We design and deliver customized high-purity process systems and facility monitoring & control system (FMCS) solutions and project…View ↗
Our products mainly include special gas supply systems, chemical supply systems, facility monitoring & control systems (FMCS), gas…View ↗
We provide high-purity process systems which we design and install for the clients, utilizing the equipment we procure from our suppliers…View ↗
Customers pay for system integration projects as work progresses, with most of the price paid by delivery and a holdback paid after the warranty period. Product sales are paid upon customer acceptance; engineering consulting services are also a source of revenue.
20-F for FY2025, filed Apr 28, 2026The Company derives its revenues primarily from three sources: (1) system integration projects; (2) product sales; (3) engineering…View ↗
The Company’s revenues from system integration projects are normally under fixed-price contracts that may last from six months to three…View ↗
Revenue is recognized over the contract term using an input method under which the percentage of revenue to be recognized for a given…View ↗
The Company generates revenue primarily through the sale and delivery of promised goods to customers and recognizes revenue when control is…View ↗
20-F for FY2025, filed Apr 28, 2026
FY2025 revenue by product or service ↗$21.4M
20-F for FY2025, filed Apr 28, 2026
$21.4M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
System integration projects
|
78%
FY2022: 100%
|
System integration projects, FY2025
$16.6M Sources
|
|
|
Product sales
Sold outright
20-F for FY2025, filed Apr 28, 2026 |
21% |
Product sales, FY2025
$4.6M Sources
|
Sold outright |
|
Engineering consulting services
|
1.0%
FY2022: 0.3%
|
Engineering consulting services, FY2025
$223.5K Sources
|
Semiconductor and electronics manufacturers are the main customers, alongside manufacturers in LED, micro-electronics, pharmaceutical, food and beverage industries. The company reaches customers through project bidding and agreements.
20-F for FY2025, filed Apr 28, 2026We, through our Operating Subsidiaries, specialize in providing factory facility management and monitoring systems, including high-purity…View ↗
Some of our clients are seasoned manufacturers in their industries in China. Our clients include Li Yi System Engineering (Shanghai)…View ↗
For a typical production project, we obtain clients’ needs and formulate an initial proposal of our design, which we will submit for…View ↗
20-F for FY2025, filed Apr 28, 2026
For the year ended December 31, 2025, one customer accounted for 26.2% of total revenues. For the year ended December 31, 2024, three…View ↗
Not on paper. It lost $17.3M in FY2025, but brought in more cash than it spent: $2.7M of free cash flow.
20-F for FY2025, filed Apr 28, 2026
−$17.1MView ↗
20-F for FY2025, filed Apr 28, 2026
−$17.3MView ↗
20-F for FY2025, filed Apr 28, 2026
$2.7MView ↗
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