Luda Technology Group Ltd
ludahk.comWhat Do They Do?
Manufactures stainless and carbon steel flanges for manufacturers and traders in industrial markets; also sells fittings and related steel piping products.
20-F for FY2025, filed May 15, 2026
How Do They Make Money?
Customers buy manufactured flanges and fittings or traded steel piping products; payment terms generally call for payment 30–120 days after the amount becomes due. Domestic manufactured sales are counted upon customer receipt; export sales are counted when loaded for shipping-point orders or delivered and accepted for destination orders.
20-F for FY2025, filed May 15, 2026Revenue from self-manufactured production sales generates from both domestic and oversea customers. For domestic self-manufactured…View ↗
For trading sales, the Company presents the revenue on a gross basis as the Company act as principal in trading sales. Prices are…View ↗
Shipping and handling activities are considered to be fulfillment activities rather than promised services and are not, therefore…View ↗
$33.5M
-
20-F for FY2025, filed May 15, 2026
$33.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Fittings
Sold outright
20-F for FY2025, filed May 15, 2026 |
33%
FY2022: 19%
|
Fittings, FY2025
$11M Sources
|
Sold outright |
|
Flanges
Sold outright
20-F for FY2025, filed May 15, 2026 |
65%
FY2022: 80%
|
Flanges, FY2025
$21.7M Sources
|
Sold outright |
|
Others
Sold outright
|
2.3%
FY2022: 1.3%
|
Others, FY2025
$784.7K Sources
|
Sold outright |
Who Are Their Customers?
Sells to manufacturers and traders in chemical, petrochemical, maritime and manufacturing industries, mainly in China and also overseas; its sales team coordinates with representatives and external agents in Brazil, Korea and the PRC.
20-F for FY2025, filed May 15, 2026We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which…View ↗
Our sales team is responsible for exploring business opportunities and maintaining customer relationships. The team will also coordinate…View ↗
Over the years, we have built up a broad and diversified customer base. Most of our customers are in the PRC and the rest are spread across…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$2.2M.
20-F for FY2025, filed May 15, 2026
−$1.1MView ↗
20-F for FY2025, filed May 15, 2026
$556.8KView ↗
20-F for FY2025, filed May 15, 2026
−$2.2MView ↗
How Are They Changing?
Shrinking. Revenue fell 33% in 3 years, from $49.9M in FY2022 to $33.5M in FY2025, about 12% a year.
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