Core Viewpoint - The company KBAT Group Inc. (康贝特) is planning to go public on the NASDAQ under the ticker "KBAT," aiming to raise between $15 million and $18.75 million to expand production, enhance R&D capabilities, and grow its market presence [1][4]. Company Overview - KBAT Group Inc. is a leading manufacturer of food packaging machinery in China, specializing in customized food packaging machines and leveraging established sales and distribution channels to serve both domestic and international clients [1][3]. - The company has a diverse product range, including thermoforming vacuum packaging machines, vacuum packaging machines, and modified atmosphere packaging machines, catering to various food and non-food sectors [2][3]. Financial Performance - The company has shown significant revenue growth, with projected revenues of $7.39 million and $12.14 million for the fiscal years 2024 and 2025, respectively, representing a year-on-year increase of 64.18% [3]. - Net profits for the same periods are expected to be $1.26 million and $1.93 million, reflecting a growth of 53.42% [3]. - The sales revenue from food packaging machines accounted for 92.7% and 93.5% of total revenue in 2024 and 2025, respectively [3]. Market Dynamics - The global food packaging machinery market has grown from $26.9 billion in 2018 to $37.9 billion in 2023, with a compound annual growth rate (CAGR) of 7.1%, and is projected to reach $51.4 billion by 2028 [5]. - The Chinese food packaging machinery market has experienced rapid growth, increasing from $1.57 billion in 2018 to $6.15 billion in 2023, with a remarkable CAGR of 31.5% [5][6]. Competitive Landscape - The food packaging machinery market in China is fragmented, with numerous companies competing for market share. KBAT holds a small market share of 0.1% in 2023 compared to larger competitors [9]. - The company’s competitive advantages include a global sales network and the ability to adapt products to meet local demands and regulations [3][6]. Future Outlook - The company aims to deepen its regional presence by solidifying its position in Shandong and surrounding areas, focusing on specific packaging types to establish technological or cost advantages [10]. - Emphasizing green transformation and enhancing automation levels are seen as critical for future growth, allowing the company to capitalize on the booming food packaging market [10].

Group 1 - KBAT Group, a Chinese manufacturer of custom food packaging machines, submitted an IPO application to the SEC on July 11, seeking to raise up to $17 million [2] - The company plans to issue 3.8 million shares at a price range of $4 to $5, which would give it a market capitalization of approximately $96 million at the midpoint of the proposed range [2] - KBAT specializes in the design, manufacturing, and sales of custom food packaging machines, with products used for packaging cooked and raw food, pharmaceuticals, hardware components, and medical devices [2] Group 2 - As of March 31, 2025, KBAT reported sales of $12 million for the preceding 12 months [5] - The company is headquartered in Weifang, China, and was established in 2011 [5] - Network 1 Financial Securities is the sole book-running manager for the IPO transaction [6]