Financial Snapshot

Revenue
$24.40M
TTM
Gross Margin
42.11%
TTM
Net Earnings
$3.936M
TTM
Current Assets
$7.658M
Q2 2024
Current Liabilities
$4.152M
Q2 2024
Current Ratio
184.42%
Q2 2024
Total Assets
$13.86M
Q2 2024
Total Liabilities
$4.377M
Q2 2024
Book Value
$9.483M
Q2 2024
Cash
$1.381M
Q2 2024
P/E
9.383
Nov 29, 2024 EST
Free Cash Flow
$607.1K
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $8.226M $8.027M $7.731M
YoY Change 2.48% 3.83%

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
Revenue $8.226M $8.027M $7.731M
Cost Of Revenue $4.835M $4.047M $3.718M
Gross Profit $3.324M $3.913M $4.013M
Gross Profit Margin 40.41% 48.75% 51.91%

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
Selling, General & Admin $950.4K $1.059M $734.6K
YoY Change -10.29% 44.21%
% of Gross Profit 28.59% 27.07% 18.31%
Research & Development $630.8K $492.5K $407.6K
YoY Change 28.06% 20.83%
% of Gross Profit 18.98% 12.59% 10.16%
Depreciation & Amortization $404.9K $272.2K $209.2K
YoY Change 48.72% 30.15%
% of Gross Profit 12.18% 6.96% 5.21%
Operating Expenses $1.581M $1.552M $1.142M
YoY Change 1.88% 35.87%
Operating Profit $1.743M $2.361M $2.871M
YoY Change -26.19% -17.74%

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
Interest Expense $59.48K $53.99K -$44.95K
YoY Change 10.16% -220.11%
% of Operating Profit 3.41% 2.29% -1.57%
Other Income/Expense, Net $34.44K $58.31K $171.5K
YoY Change -40.94% -66.0%

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
Pretax Income $1.851M $2.461M $2.990M
YoY Change -24.76% -17.71%
Income Tax $344.6K $327.4K $396.9K
% Of Pretax Income 18.61% 13.31% 13.27%
Net Earnings $1.507M $2.133M $2.593M
YoY Change -29.37% -17.74%
Net Earnings / Revenue 18.32% 26.58% 33.54%
Basic Earnings Per Share $0.30 $0.43
Diluted Earnings Per Share $0.30 $0.43 $0.42

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
Cash & Short-Term Investments $1.056M $1.793M $307.0K
YoY Change -41.1% 484.09%
Cash & Equivalents $1.056M $1.793M $307.0K
Short-Term Investments
Other Short-Term Assets $388.1K $245.9K $34.66K
YoY Change 57.83% 609.49%
Inventory $1.217M $1.061M $1.365M
Prepaid Expenses
Receivables $3.518M $2.429M $2.165M
Other Receivables $483.5K $785.6K $903.5K
Total Short-Term Assets $6.663M $6.315M $4.775M
YoY Change 5.5% 32.27%
Property, Plant & Equipment $3.335M $3.197M $2.282M
YoY Change 4.33% 40.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $715.8K $556.5K $446.1K
YoY Change 28.62% 24.76%
Total Long-Term Assets $4.051M $3.753M $3.177M
YoY Change 7.93% 18.14%
Total Assets $10.71M $10.07M $7.952M
YoY Change
Accounts Payable $1.053M $718.3K $547.8K
YoY Change 46.62% 31.13%
Accrued Expenses $474.6K $604.1K $388.1K
YoY Change -21.43% 55.63%
Deferred Revenue
YoY Change
Short-Term Debt $282.4K $1.364M $705.8K
YoY Change -79.3% 93.26%
Long-Term Debt Due $12.51K $234.4K
YoY Change -94.66%
Total Short-Term Liabilities $3.020M $3.926M $3.193M
YoY Change -23.08% 22.95%
Long-Term Debt $0.00 $69.03K $131.2K
YoY Change -100.0% -47.4%
Other Long-Term Liabilities $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $69.03K $131.2K
YoY Change -100.0% -47.4%
Total Liabilities $3.267M $3.995M $3.324M
YoY Change -18.23% 20.17%

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
Basic Shares Outstanding 5.000M shares 5.000M shares
Diluted Shares Outstanding 5.000M shares 5.000M 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: $36.935 Million

About Mingteng International Corp Inc.

Mingteng International Corp., Inc. is a holding company that engages in the manufacture, design, development, assembly, and supply sale of automotive mold. The company is headquartered in Wuxi, Jiangsu and currently employs 150 full-time employees. The company went IPO on 2024-04-18. The firm's main products include casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, the Company also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are used in automobile, construction machinery and other manufacturing industries. The firm also provides product design service, product repair service, machining service, and after-sale service. The firm mainly conducts its businesses within China.

Industry: Metal Doors, Sash, Frames, Moldings & Trim Peers: Yong Bai Chao New Retail Corp CHINA AUTOMOTIVE SYSTEMS INC