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HUDI

Huadi International Group Co., Ltd.

HUDI

Huadi International Group Co., Ltd. • NASDAQ
$1.33 ▲ 3.49% (+0.04)
Market Cap $19.06 M
52w High $5.46
52w Low $1.06
Dividend Yield 0%
P/E -33.37
Volume 3.10K
Outstanding Shares 14.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $29.379M ▼ $4.496M ▲ $145.906K ▲ 0.497% ▲ $0.01 ▲ $-287.8K ▲
Q4-2024 $37.188M ▲ $4.304M ▼ $-667.09K ▼ -1.794% ▼ $-0.05 ▼ $-1.515M ▼
Q2-2024 $37.083M ▼ $4.62M ▼ $804.512K ▼ 2.17% ▼ $0.056 ▼ $567.494K ▼
Q4-2023 $46.38M ▲ $5.021M ▲ $1.821M ▲ 3.927% ▲ $0.13 ▲ $2.247M ▲
Q2-2023 $37.952M $4.868M $1.437M 3.785% $0.1 $805.234K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $9.206M ▼ $99.098M ▼ $23.209M ▼ $75.596M ▼
Q4-2024 $18.118M ▲ $103.595M ▲ $25.277M ▲ $78.003M ▲
Q2-2024 $7.804M ▼ $92.861M ▼ $16.914M ▼ $75.657M ▲
Q4-2023 $20.192M ▲ $103.011M ▲ $28.327M ▲ $74.409M ▼
Q2-2023 $19.755M $98M $21.672M $76.038M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $145.906K ▲ $-12.919M ▼ $-6.031M ▼ $-867.014K ▲ $-10.377M ▼ $-13.929M ▼
Q4-2024 $-667.09K ▼ $18.457M ▲ $-2.987M ▼ $-3.061M ▲ $-9.601M ▼ $15.47M ▲
Q2-2024 $804.512K ▼ $-5.463M ▼ $-81.164K ▲ $-5.754M ▼ $-5.681M ▼ $-5.544M ▼
Q4-2023 $1.821M ▲ $-1.882M ▼ $-3.54M ▼ $6.099M ▲ $145.949K ▼ $-1.986M ▼
Q2-2023 $1.437M $-565.338K $-53.908K $5.483M $3.063M $-619.246K

Five-Year Company Overview

Income Statement

Income Statement Revenue has been basically flat over the past few years, with only small shifts up or down. Profitability looks very thin: the company is hovering close to break-even at the operating and net income level, suggesting limited pricing power and tight margins. There is no clear trend of strong growth or strong decline, more a pattern of “treading water.” This kind of profile can leave the business sensitive to even modest swings in demand or input costs.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative for a small industrial company. Assets and cash have stayed fairly steady, equity has inched up, and debt has gradually come down. That combination points to a modestly de‑leveraged, reasonably supported capital base. The flip side is that the company does not appear to be rapidly expanding its asset base, which aligns with the flat revenue picture.

Cash Flow

Cash Flow Cash generation has been modest but generally positive, with occasional soft spots. Operating cash flow has bounced between slightly negative and slightly positive, and investment spending has been very light, resulting in free cash flow that is small but usually in the black. This suggests a business that is surviving on internally generated cash, but without much surplus to comfortably fund large new projects entirely on its own.

Competitive Edge

Competitive Edge Huadi operates in a tough, highly competitive steel market but focuses on a niche in stainless and specialty products. Its advantages seem to come from product breadth, the ability to customize solutions, recognized quality certifications, and long-term relationships across many provinces in China and in export markets. These are useful strengths, but they do not fully shield the company from industry cycles, price competition, or the broader weakness that has shown up in its stagnant financial performance. Some observers see a modest moat based on specialization and relationships; others question whether that moat is strong enough to drive durable growth.

Innovation and R&D

Innovation and R&D The company is leaning on technology and specialization to stand out. It has advanced production equipment, a wide range of high-grade products for demanding uses, and recognition as a high-tech and green manufacturer. The planned “Future Factory” and the move into battery anode materials show an ambition to pivot toward higher-tech and clean-energy markets. These initiatives could reshape the business mix over time, but they also introduce execution risk: they will require significant investment, new capabilities, and proof that Huadi can compete credibly outside its traditional steel niche.

Summary

Overall, Huadi looks like a specialized steel producer with a stable but unexciting recent financial record: flat revenue, very thin profits, and cautious balance-sheet management. Its main strengths are niche products, quality focus, and an established customer and distribution network. Its main challenges are low profitability, exposure to a cyclical and competitive industry, and the need to successfully execute on new projects to change its trajectory. The strategic push into smart manufacturing and clean energy materials offers upside potential but comes with uncertainty around timing, scale, and returns.