MKDWELL Tech Inc
What Do They Do?
Designs and manufactures automotive and industrial electronic products for vehicle makers, logistics companies, and industrial and consumer electronics manufacturers.
20-F for FY2025, filed Apr 30, 2026The MKD Group was founded in 2006 and is headquartered in the Hsinchu Science Park of Taiwan, which is the key hub for Taiwan’s…View ↗
We are one of the leading manufacturer and supplier of electronic equipment for camper vans, business vehicles, and logistics vehicles, as…View ↗
Our main buyers for automotive electronic products include automobile manufacturers and automobile component manufacturers in mainland…View ↗
How Do They Make Money?
Manufactured-product sales are the largest revenue source; customers generally pay one month after amounts become due. Processing contracts have similar terms, while rent is earned over lease terms.
20-F for FY2025, filed Apr 30, 2026The Company designs and manufactures industrial embedded systems and automotive electronics. The Company enters framework sales contract…View ↗
The Company provides commissioned processing services to customers and enters into framework contracts with them usually for one year.…View ↗
The Company owns a building and partially leases it out. The Company adopted ASC Topic 842, Leases, and the real estate property rental…View ↗
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20-F for FY2025, filed Apr 30, 2026
FY2025 revenue by product or service ↗
$3M
-
20-F for FY2025, filed Apr 30, 2026
$3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Manufactured Product, Other
Sold outright
20-F for FY2025, filed Apr 30, 2026 |
87%
FY2022: 49%
|
Manufactured Product, Other, FY2025
$2.7M Sources
|
Sold outright |
|
Commission Processing Service
Sold outright
20-F for FY2025, filed Apr 30, 2026 |
12%
FY2022: 27%
|
Commission Processing Service, FY2025
$349.8K Sources
|
Sold outright |
|
Rental Income
Recurring
|
0.8%
FY2022: 11%
|
Rental Income, FY2025
$25K Sources
|
Recurring |
|
Others
|
0.2%
FY2022: 12%
|
Others, FY2025
$5.5K Sources
|
|
|
Point In Time
Sold outright
20-F for FY2025, filed Apr 30, 2026 |
99% |
Point In Time, FY2025
$3M Sources
|
Sold outright |
|
Over Time
Recurring
|
0.8% |
Over Time, FY2025
$25K Sources
|
Recurring |
Who Are Their Customers?
Vehicle makers, logistics fleet and cloud-management companies, and industrial and consumer electronics manufacturers are the main customers. The company approaches automotive clients through visits and bids, and reaches ODM/OEM customers through visits and word of mouth.
20-F for FY2025, filed Apr 30, 2026Our customers primarily include (i) recreational vehicle (RV) manufacturers; (ii) logistics vehicle team management and logistics cloud…View ↗
Given that we operate in the automotive electronics industry, automotive manufacturers are our primary sales targets. Hence, our imperative…View ↗
ODM/OEM customers are distinct from our automotive electronics clients. We approach them with customer visits and word-of-mouth marketing…View ↗
Do Revenues Turn Into Profits?
No. It lost $3.2M in FY2025.
20-F for FY2025, filed Apr 30, 2026
−$2.7MView ↗
20-F for FY2025, filed Apr 30, 2026
−$3.2MView ↗
20-F for FY2025, filed Apr 30, 2026
−$1.7MView ↗
How Are They Changing?
Flat. Revenue was $3M in FY2025, about the same as the $3.2M of FY2022.
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