Shenzhen, China, Aug. 04, 2025 (GLOBE NEWSWIRE) -- ZJK Industrial Co., Ltd. (NASDAQ: ZJK) ("ZJK Industrial", "ZJK" or the "Company"), a high-tech precision parts and hardware manufacturer for artificial intelligence (AI) infrastructure, consumer electronics, electric vehicles, aerospace and other smart technologies, today announced the deployment of newly developed semi-automatic punching equipment for captive screws production. This advanced equipment significantly enhances automation in captive screw asse ...

Company Overview - ZJK Industrial Co., Ltd. is a high-tech precision parts and hardware manufacturer focused on sectors such as artificial intelligence infrastructure, consumer electronics, electric vehicles, and aerospace [4] - The company specializes in manufacturing precision fasteners, structural parts, and other precision metal components, with a strong emphasis on innovation and manufacturing excellence [4] Market Development - ZJK is ramping up production to meet the increasing demand from Nvidia's B40 project, which is a customized AI accelerator targeting the Chinese market [1][2] - The B40 chip is based on Nvidia's Blackwell architecture and aims at the mid-to-high-end market segment, with mass production expected to start as early as June 2025 [2] Growth Potential - The CEO of ZJK highlighted that the B40 project presents significant market advantages and is expected to complement Nvidia's RTX Pro 6000 workstation graphics cards [3] - Supply chain forecasts predict that B40 chip shipments could exceed one million units by the end of 2025, indicating substantial growth potential for ZJK as a supplier to Nvidia [3] - The company anticipates significant year-over-year revenue growth from this initiative, driven by the expanding AI sector [3]

Core Insights - ZJK Industrial Co., Ltd. reported a strong financial performance for fiscal year 2024, with a revenue increase of 30.13% driven by robust sales volume growth across all product segments, particularly in AI-related projects [2][6][8]. Financial Performance - Total revenues reached US$37.81 million in fiscal year 2024, up from US$29.05 million in fiscal year 2023, primarily due to a 27.58% increase in sales volume [6][8]. - Gross profit increased by 23.09% to US$13.57 million, although gross margin slightly declined to 35.88% from 37.93% [8][10]. - Net income was US$3.66 million, a decrease of 52.37% from US$7.69 million in fiscal year 2023, with basic and diluted earnings per share at US$0.06 compared to US$0.13 in the previous year [8][13][14]. Cost Structure - Cost of revenue rose by 34.43% to US$24.24 million, mainly due to increased sales volume [9]. - Total operating expenses surged to US$11.93 million, up from US$4.74 million in fiscal year 2023, driven by significant increases in selling and marketing expenses (169.08%) and general and administrative expenses (164.88%) [12][16]. Product Segment Performance - Sales volume for screws increased by 32.17%, while turned parts saw a 7.35% increase in sales volume and a 15.69% rise in average sales price [7]. - Stamping parts experienced a notable sales volume increase of 50.62% and a 99.07% rise in average sales price, largely attributed to the addition of AI-related projects [7]. Investment and Development - The company increased its R&D investment by 20.36% to support technological innovation and business growth [3][16]. - New products and advanced technologies were showcased at NVIDIA's GPU Technology Conference in March 2025, highlighting the company's commitment to innovation [4]. Financial Condition - As of December 31, 2024, cash and cash equivalents stood at US$12.26 million, a significant increase from US$2.83 million at the end of 2023 [15]. - Net cash provided by operating activities was US$5.34 million, up from US$4.12 million in fiscal year 2023 [15][17]. Recent Developments - The company completed its initial public offering on October 1, 2024, raising gross proceeds of US$6.91 million [18].

Core Points - ZJK Industrial Co., Ltd. has been recognized as one of the Top 100 Enterprises in Shenzhen Pingshan New District, highlighting its significant contributions to the local economy and technology development [2][4] - The company specializes in high-precision metal parts manufacturing, serving various industries including AI infrastructure, consumer electronics, electric vehicles, and aerospace [3][4] - ZJK has achieved key technological breakthroughs and successful project deliveries, enhancing its reputation in both domestic and international markets [3] Company Overview - ZJK Industrial Co., Ltd. focuses on manufacturing precision fasteners, structural parts, and other precision metal components for industries such as intelligent electronic equipment, new energy vehicles, and aerospace [4] - The company has over fourteen years of experience in the precision metal parts manufacturing industry, supported by a skilled professional team and advanced manufacturing equipment [4] - ZJK offers a wide range of products including standard screws, high-strength bolts, CNC machining parts, and technology services for research and development [4]