Business
Mingteng International Corporation Inc. Announces Financial Results for First Half of Fiscal Year 2025
Mingteng International Corporation Inc. (the "Company" or "Mingteng International") (Nasdaq: MTEN), an automotive mold developer and supplier in China, today announced its unaudited financial results for the first half of fiscal year 2025 ended June 30, 2025.
About this update from Mingteng International Corporation Inc.
[{"type":"text","content":"WUXI, China, Oct. 1, 2025 /PRNewswire/ -- Mingteng International Corporation Inc. (the "Company" or "Mingteng International") (Nasdaq: MTEN), an automotive mold developer and supplier in China, today announced its unaudited financial results for the first half of fiscal year 2025 ended June 30, 2025.","length":331,"tagName":"p"},{"type":"text","content":"Mr. Yingkai Xu, Chairman and Chief Executive Officer of Mingteng International, remarked, "In the first half of fiscal year 2025, we adopted a balanced and agile strategy to navigate market volatility and emerging trends. This included expanding our operations of machining services to diversify our revenue streams, while maintaining relationships with our long-term customers and expanding further in the mold market. Revenue from mold production grew steadily by 9.7%, while our machining services segment maintained the momentum with a 39.1% increase in revenue and a 19.0% rise in gross profit. This reinforced the machining service's position as our second-largest revenue contributor and helped drive total revenue growth of 13.2%, despite challenging industry conditions."","length":799,"tagName":"p"},{"type":"text","content":"With greater production capacity and a stronger workforce, we are now better positioned to pursue complex, customized, and longer-cycle products that command premium pricing and open new opportunities for value-added services. We expect this enhanced productivity to further strengthen our competitive edge in an increasingly competitive environment.","length":350,"tagName":"p"},{"type":"text","content":"At the same time, we have continued to invest in advancing our technologies. Our research and development (R&D) spending rose 42.1%, underscoring our long-term commitment to innovation as a core pillar of our business.","length":222,"tagName":"p"},{"type":"text","content":"Looking ahead, we believe our current strategy, combined with our focus on innovation, will continue to provide a solid foundation for sustainable growth and value creation, even in a macro environment shaped by both headwinds and tailwinds."","length":247,"tagName":"p"},{"type":"text","content":"First Half of Fiscal Year 2025 Financial Summary","length":58,"tagName":"p"},{"type":"text","content":"Total revenue was ...