During the event, Mr. Xiaozhong Lin, Chairman and Chief Executive Officer of MaxsMaking, expressed his gratitude and vision for the future, stating, "This achievement is not only a recognition of our past efforts but also a springboard toward new opportunities, expanding our horizons, strengthening our potential, and laying a solid foundation for sustainable growth." With its Nasdaq debut. MaxsMaking is expected to advance its business strategies and deepen innovation throughout its operations. Through prop ...

Core Insights - MaxsMaking Inc. reported a total revenue of $12.40 million for the first half of fiscal year 2025, marking a 27.43% increase from $9.73 million in the same period last year, primarily driven by a 51.89% surge in domestic sales in mainland China [5][7][3] - The company has adopted a volume-first strategy to expand market share, which has temporarily compressed margins but is viewed as a strategic short-term trade-off [4][11] - Research and development spending increased by 53.50% to enhance production technologies and customization capabilities [4][17] Financial Performance - Revenue for the first half of fiscal year 2025 was $12.40 million, up 27.43% from $9.73 million in the previous year [5][7] - Gross profit decreased to $1.34 million, with a gross profit margin of 10.82%, down from 20.36% in the same period last year [7][11] - Net income fell to $0.18 million compared to $0.98 million in the same period last year, with basic and diluted earnings per share at $0.02, down from $0.13 [7][14] Cost Structure - Cost of revenue increased by 42.70% to $11.06 million, primarily due to rising raw material and labor costs [9][11] - Operating expenses rose by 27.01% to $1.17 million, driven by increased general and administrative expenses [12][17] Market Strategy - The company is diversifying into emerging markets in Oceania, South America, and Africa to mitigate challenges in Asia, North America, and Europe [3][4] - MaxsMaking's successful IPO in July 2025 has strengthened its balance sheet, providing additional capital for strategic initiatives [4][17] Recent Developments - The company completed its IPO, raising $6.5 million from the sale of 1,625,000 A shares at $4.00 each [17][24] - Cash at the end of the first half of fiscal year 2025 was $0.19 million, with net cash provided by operating activities at $0.85 million [15][22]