Retrieved on:
Wednesday, September 6, 2023
Agreement,
External commercial borrowing,
Partnership,
Songyang County,
SGA,
COVID-19,
USD,
Investment,
Economic development,
Depreciation,
Growth,
Belt,
Development,
Research,
RMB,
Cryptocurrency,
PRC Gross profit decreased by 3.6% to $5.7 million for the six months ended March 31, 2023, from $5.9 million for the six months ended March 31, 2022.
Key Points:
- Gross profit decreased by 3.6% to $5.7 million for the six months ended March 31, 2023, from $5.9 million for the six months ended March 31, 2022.
- Operating income increased by 122% to $1.5 million for the six months ended March 31, 2023, from $0.7 million for the six months ended March 31, 2022
Net income for the six months ended March 31, 2023, was $1.5 million compared to net loss of $9,000 for the six months ended March 31, 2022.
- For the six months ended March 31, 2023, revenue increased slightly by approximately $1.2 million or 3.2%, to approximately $38.0 million from approximately $36.8 million for the six months ended March 31, 2022.
- Gross profit margin was 15.1% for the six months ended March 31, 2023, as compared to 16.2% for the six months ended March 31, 2022.
Retrieved on:
Saturday, September 2, 2023
WENZHOU, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced the results of the Company’s 2023 Annual General Meeting of Shareholders (the “Annual Meeting”) held at one of its executive offices at No.
Key Points:
- WENZHOU, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced the results of the Company’s 2023 Annual General Meeting of Shareholders (the “Annual Meeting”) held at one of its executive offices at No.
- 1688 Tianzhong Street, Longwan District, Wenzhou, Zhejiang Province, People’s Republic of China.
- Elected five directors, each to serve a term expiring at the Annual Meeting of Shareholders in 2024 or until their successors are duly elected and qualified; and
Ratified the appointment of HTL CPA’s and Business Advisors LLC as the independent registered public accounting firm of the Company for the fiscal year ending September 30, 2023;
The Agreement aims to start an advanced “Future Factory” construction project in the Chishou Industrial Zone of southwestern Zhejiang Province, China.
Key Points:
- The Agreement aims to start an advanced “Future Factory” construction project in the Chishou Industrial Zone of southwestern Zhejiang Province, China.
- Puruant to the Agreement, the factory will occupy approximately 50 acres with a total investment of approximately RMB1 billion, including fixed asset investments of over RMB620 million.
- Additionally, Huadi Songyang will enjoy infrastructure construction subsidies after meeting tax requirements for eight years following the factory’s completion.
- We look forward to the significant economic boost and increased job opportunities that the construction of the new factory will bring to Songyang County."
Retrieved on:
Thursday, February 16, 2023
Growth,
Sale,
SGA,
Research,
Committee,
Professional Football Compensation Committee,
Nickel,
Building material,
Compensated emancipation,
Stainless steel,
Cryptocurrency Gross profit decreased by 1.6% to$11.1 million for the year ended September 30, 2022, from $11.3 million for the year ended September 30, 2021.
Key Points:
- Gross profit decreased by 1.6% to$11.1 million for the year ended September 30, 2022, from $11.3 million for the year ended September 30, 2021.
- To minimize the impact the rise of raw material price, we increased our weighted average selling price (“ASP”) during the fiscal year 2022.
- The Company’s international sales revenue during fiscal year 2022 amounted to approximately $11.7 million, a decrease of 31.6% compared to last fiscal year.
- On December 8, 2022, Ms. Qin Li tendered her resignation as the Chief Financial officer the Company, effective on December 8, 2022.
Retrieved on:
Thursday, January 19, 2023
HUDI has been awarded and nominated as Huanqiu’s first-tier supplier of stainless steel seamless pipes and tubes.
Key Points:
- HUDI has been awarded and nominated as Huanqiu’s first-tier supplier of stainless steel seamless pipes and tubes.
- Pursuant to the Agreement, HUDI will supply stainless steel seamless pipes and tubes to Huanqiu and its affiliated subsidiaries as part of Huanqiu’s procurement process for contracted construction projects.
- This Agreement has earned us recognition as a large-scale stainless steel seamless pipes and tubes projects supplier.
- We are extremely excited about this opportunity at the beginning of 2023 and will keep the momentum going.”
Retrieved on:
Tuesday, December 13, 2022
BEIJING, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced the Company has been named as the Chief Executive Entity of Wenzhou the Belt and Road Enterprise Development Association (the “Association”).
Key Points:
- BEIJING, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced the Company has been named as the Chief Executive Entity of Wenzhou the Belt and Road Enterprise Development Association (the “Association”).
- HUDI’s director Jueqin Wang was also appointed as an executive president of the Association for a five-year term.
- The Association aims to help local enterprises to grasp the opportunities arise from the national "Belt and Road" initiative and effectively promote them toto connect with the "Belt and Road" scheme for future cooperations.
- Mr. Di Wang, Chairman of Huadi International Group Co., Ltd., commented: “Belt and Road Enterprise Development Association is a professional service platform with flagship significance in the province.
Retrieved on:
Tuesday, November 29, 2022
The Company has also been awarded 2022 Green Low-Carbon Factory by Wenzhou Bureau of Economy and Information Technology.
Key Points:
- The Company has also been awarded 2022 Green Low-Carbon Factory by Wenzhou Bureau of Economy and Information Technology.
- CHTF is co-hosted by Ministries and Commissions of China national government and Shenzhen Municipal government.
- Additional factors are discussed in the Companys filings with the SEC, which are available for review at www.sec.gov.
- The Company undertakes no obligation to publicly revise these forwardlooking statements to reflect events or circumstances that arise after the date hereof.
Retrieved on:
Wednesday, November 9, 2022
GLOBE,
Review,
Private Securities Litigation Reform Act,
Forward-looking statement,
Technology,
Sale,
Prospectus,
SEC,
Form,
NASDAQ,
Goal,
U.S. Securities and Exchange Commission,
Company,
Electricity,
SEC filing,
Security (finance) The offering consists of the sale of1 million ordinary shares in a registered direct offering, at a purchase price of $25.00per ordinary share.
Key Points:
- The offering consists of the sale of1 million ordinary shares in a registered direct offering, at a purchase price of $25.00per ordinary share.
- Univest Securities, LLCacted as the exclusive placement agent for this offering.
- The offering of the ordinary shares described above was made pursuant to an effective "shelf" registration statement on Form F-3 (File No.
- About Huadi International Group Co., Ltd.
Huadi International Group Co., Ltd. is a leading manufacturer of industrial stainless steel seamless pipes and tubes products with extensive distribution facilities and network for over twenty provinces in China and across international steel pipes industry.
Company,
Private Securities Litigation Reform Act,
Prospectus,
Electricity,
Sale,
SEC filing,
GLOBE,
Review,
U.S. Securities and Exchange Commission,
Forward-looking statement,
NASDAQ,
Form,
Goal,
Technology,
SEC,
Security (finance) The offering is expected to close on or about November9,2022, subject to the satisfaction of customary closing conditions.
Key Points:
- The offering is expected to close on or about November9,2022, subject to the satisfaction of customary closing conditions.
- The offering consists of the sale of1 million ordinary shares in a registered direct offering, at a purchase price of $25.00per ordinary share.
- The offering of the ordinary shares described above is being made pursuant to an effective "shelf" registration statement on Form F-3 (File No.
- About Huadi International Group Co., Ltd.
Huadi International Group Co., Ltd. is a leading manufacturer of industrial stainless steel seamless pipes and tubes products with extensive distribution facilities and network for over twenty provinces in China and across international steel pipes industry.
Retrieved on:
Thursday, November 3, 2022
Company,
Private Securities Litigation Reform Act,
Electricity,
Industry,
GLOBE,
Review,
Local government,
Forward-looking statement,
Environment,
NASDAQ,
Goal,
Technology,
SEC Among the discussion were the potential investment, product range, technology application, anticipated operational scale and performance of the clean energy initiative proposed by HUDI.
Key Points:
- Among the discussion were the potential investment, product range, technology application, anticipated operational scale and performance of the clean energy initiative proposed by HUDI.
- Field trips have been scheduled by the local officials to perform due diligence after reviewing and confirming the Companys strategic planning for the new energy business.
- The Companys strategic plan is aimed to mobilize Sichuan local economic development and improve environment sustainability.
- Mr. Di Wang, Chairman of Huadi International Group Co., Ltd., commented, we are proud to have a chance to negotiate our new energy strategic plan with the Sichuan Local Government .
