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Li Bang International Announces Its Audited Financial Results for Fiscal Year Ended June 30, 2025
JIANGYIN, China, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. ("Li Bang International") and its subsidiaries (collectively, the "Company," "we," "us," "our company," or "Li Bang") (Nasdaq: LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced its audited financial results for the fiscal year ended June 30, 2025. Highlights for Fiscal Year Ended June 30, 2025 Total revenue increa
About this update from Li Bang International Corporation Inc.
[{"type":"text","content":"JIANGYIN, China, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. ("Li Bang International") and its subsidiaries (collectively, the "Company," "we," "us," "our company," or "Li Bang") (Nasdaq: LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced its audited financial results for the fiscal year ended June 30, 2025.","length":492,"tagName":"p"},{"type":"text","content":"Highlights for Fiscal Year Ended June 30, 2025","length":46,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue increased 2.9% to approximately $11.1 million for the year ended June 30, 2025 from approximately $10.8 million for fiscal year 2024.","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit increased 4.1% to approximately $3.2 million for the year ended June 30, 2025, compared to approximately $2.7 million for fiscal year 2024. Gross margin improved by 4.1 percentage points, to 29.2% for the year ended June 30, 2025, from 25.1% for fiscal year 2024.","length":276,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss was kept being narrowed to approximately $1.0 million for fiscal year 2025 from approximately $1.4 million in 2024.","length":124,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":547,"olType":false},{"type":"text","content":"Mr. Huang Feng, Chief Executive Officer and Chairman of Li Bang, commented: “We made measurable progress for the year ended June 30, 2025 versus the prior year. Total revenue increased by 2.9% to $11.1 million, gross profit grew to $3.2 million and gross margin also expanded to 29.2% from 25.1%, all contributing to a narrowed net loss of approximately $1.0 million, a 26.1% improvement year over year.”","length":404,"tagName":"p"},{"type":"text","content":"“Against the industry backdrop of softer raw‑material costs and continued demand variability in project-based markets, the Company has benefited from both input-cost tailwinds and disciplined pricing. Past investments in regional expansion and channel testing informed a leaner marketing approach in 2025, and improved collections have reduced provisioning pressure. The Company remains mindful that market cycles, stainless‑st...