MTEN
MTEN
Mingteng International Corporation Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $5.26M ▼ | $1.47M ▼ | $-1.36M ▲ | -25.79% ▲ | $-40 ▲ | $283.72K ▲ |
| Q4-2024 | $5.47M ▲ | $6.25M ▲ | $-5.41M ▼ | -98.9% ▼ | $-172 ▼ | $-4.57M ▼ |
| Q2-2024 | $4.65M ▲ | $1.93M ▲ | $-169.76K ▼ | -3.65% ▼ | $-6.24 ▼ | $77.48K ▼ |
| Q4-2023 | $4.52M ▲ | $623.85K ▼ | $944.37K ▲ | 20.89% ▲ | $37.76 ▲ | $1.27M ▲ |
| Q2-2023 | $3.64M | $870.74K | $562.33K | 15.46% | $22.48 | $878.57K |
What's going well?
The company cut its losses dramatically, swinging from a huge operating loss to break-even. Gross profit improved and the bottom line is much less negative than before.
What's concerning?
Revenue is shrinking, operating expenses are still very high, and the company is losing money overall. Large 'other' expenses are distorting results, and share dilution is hurting shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $1.76M ▼ | $12.82M ▼ | $5.69M ▲ | $7.13M ▼ |
| Q4-2024 | $2.08M ▲ | $13.96M ▲ | $5.51M ▲ | $8.45M ▼ |
| Q2-2024 | $1.38M ▲ | $13.86M ▲ | $4.38M ▲ | $9.48M ▲ |
| Q4-2023 | $1.06M ▼ | $10.71M ▲ | $3.27M ▼ | $7.45M ▲ |
| Q2-2023 | $1.59M | $10.23M | $3.84M | $6.39M |
What's financially strong about this company?
The company has a healthy amount of liquid assets, very little goodwill risk, and more equity than debt. Most assets are tangible, and liabilities are manageable for now.
What are the financial risks or weaknesses?
Cash is dropping, inventory is piling up, and equity fell sharply. Retained losses are growing, and short-term debt is rising, which could pressure liquidity if trends continue.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-1.36M ▲ | $-31.3K ▼ | $-40.72K ▲ | $26.19K ▼ | $-40.11K ▼ | $-522.44K ▼ |
| Q4-2024 | $-5.41M ▼ | $478.79K ▲ | $-2.56M ▼ | $3M ▲ | $1.02M ▲ | $-331K ▲ |
| Q2-2024 | $-266K ▼ | $-183.82K ▼ | $-876K ▼ | $1.15M ▲ | $45.96K ▲ | $-358K ▼ |
| Q4-2023 | $944.37K ▲ | $1.37M ▲ | $-740.03K ▼ | $-1.19M ▼ | $-266.98K ▼ | $625.59K ▲ |
| Q2-2023 | $562.33K | $-65.62K | $-21.77K | $-56.83K | $-101.56K | $-87.39K |
What's strong about this company's cash flow?
Receivables improved, meaning customers are paying faster and freeing up cash. Non-cash charges like depreciation help soften the impact of accounting losses.
What are the cash flow concerns?
Operating and free cash flow have swung from positive to deeply negative, and the company is now burning through its cash. It's relying on new debt to survive, with no cash being returned to shareholders.
5-Year Trend Analysis
A comprehensive look at Mingteng International Corporation Inc.'s financial evolution and strategic trajectory over the past five years.
MTEN combines rapid revenue growth, a strengthened and liquid balance sheet, and a focused strategic position in a structurally growing segment of the automotive market. Its integrated “turnkey” service model, increasing R&D commitment, upgraded manufacturing capabilities, and partnerships within the NEV ecosystem all point to thoughtful positioning for future demand. Low net leverage and rising cash provide some cushioning as the company navigates this growth phase.
The largest concern is the sudden collapse in profitability and cash generation in the latest year, driven mainly by a surge in operating and overhead costs. If this higher cost base is not matched by sustained, profitable revenue growth, it could erode the balance-sheet strength built up so far. Additional risks include intense competition in metal fabrication and automotive molds, potential customer and sector concentration around NEVs, execution risk on new capacity and technologies, and reliance on external financing while free cash flow is negative.
Overall, MTEN appears to be in a classic scale-up phase: investing heavily in capacity, technology, and relationships to secure a long-term role in the NEV supply chain, while near-term profitability and cash flows are under pressure. The outlook will depend on whether these investments lead to a more efficient, higher-margin business over the next few years. Monitoring cost discipline, margin recovery, cash conversion, and the depth of NEV-related customer partnerships will be key to assessing how the story evolves.
About Mingteng International Corporation Inc.
https://ir.wxmtmj.cnMingteng International Corporation Inc. engages in the design, development, production, assembly, testing, repair, and after-sale service of molds in the People's Republic of China. It offers casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $5.26M ▼ | $1.47M ▼ | $-1.36M ▲ | -25.79% ▲ | $-40 ▲ | $283.72K ▲ |
| Q4-2024 | $5.47M ▲ | $6.25M ▲ | $-5.41M ▼ | -98.9% ▼ | $-172 ▼ | $-4.57M ▼ |
| Q2-2024 | $4.65M ▲ | $1.93M ▲ | $-169.76K ▼ | -3.65% ▼ | $-6.24 ▼ | $77.48K ▼ |
| Q4-2023 | $4.52M ▲ | $623.85K ▼ | $944.37K ▲ | 20.89% ▲ | $37.76 ▲ | $1.27M ▲ |
| Q2-2023 | $3.64M | $870.74K | $562.33K | 15.46% | $22.48 | $878.57K |
What's going well?
The company cut its losses dramatically, swinging from a huge operating loss to break-even. Gross profit improved and the bottom line is much less negative than before.
What's concerning?
Revenue is shrinking, operating expenses are still very high, and the company is losing money overall. Large 'other' expenses are distorting results, and share dilution is hurting shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $1.76M ▼ | $12.82M ▼ | $5.69M ▲ | $7.13M ▼ |
| Q4-2024 | $2.08M ▲ | $13.96M ▲ | $5.51M ▲ | $8.45M ▼ |
| Q2-2024 | $1.38M ▲ | $13.86M ▲ | $4.38M ▲ | $9.48M ▲ |
| Q4-2023 | $1.06M ▼ | $10.71M ▲ | $3.27M ▼ | $7.45M ▲ |
| Q2-2023 | $1.59M | $10.23M | $3.84M | $6.39M |
What's financially strong about this company?
The company has a healthy amount of liquid assets, very little goodwill risk, and more equity than debt. Most assets are tangible, and liabilities are manageable for now.
What are the financial risks or weaknesses?
Cash is dropping, inventory is piling up, and equity fell sharply. Retained losses are growing, and short-term debt is rising, which could pressure liquidity if trends continue.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-1.36M ▲ | $-31.3K ▼ | $-40.72K ▲ | $26.19K ▼ | $-40.11K ▼ | $-522.44K ▼ |
| Q4-2024 | $-5.41M ▼ | $478.79K ▲ | $-2.56M ▼ | $3M ▲ | $1.02M ▲ | $-331K ▲ |
| Q2-2024 | $-266K ▼ | $-183.82K ▼ | $-876K ▼ | $1.15M ▲ | $45.96K ▲ | $-358K ▼ |
| Q4-2023 | $944.37K ▲ | $1.37M ▲ | $-740.03K ▼ | $-1.19M ▼ | $-266.98K ▼ | $625.59K ▲ |
| Q2-2023 | $562.33K | $-65.62K | $-21.77K | $-56.83K | $-101.56K | $-87.39K |
What's strong about this company's cash flow?
Receivables improved, meaning customers are paying faster and freeing up cash. Non-cash charges like depreciation help soften the impact of accounting losses.
What are the cash flow concerns?
Operating and free cash flow have swung from positive to deeply negative, and the company is now burning through its cash. It's relying on new debt to survive, with no cash being returned to shareholders.
5-Year Trend Analysis
A comprehensive look at Mingteng International Corporation Inc.'s financial evolution and strategic trajectory over the past five years.
MTEN combines rapid revenue growth, a strengthened and liquid balance sheet, and a focused strategic position in a structurally growing segment of the automotive market. Its integrated “turnkey” service model, increasing R&D commitment, upgraded manufacturing capabilities, and partnerships within the NEV ecosystem all point to thoughtful positioning for future demand. Low net leverage and rising cash provide some cushioning as the company navigates this growth phase.
The largest concern is the sudden collapse in profitability and cash generation in the latest year, driven mainly by a surge in operating and overhead costs. If this higher cost base is not matched by sustained, profitable revenue growth, it could erode the balance-sheet strength built up so far. Additional risks include intense competition in metal fabrication and automotive molds, potential customer and sector concentration around NEVs, execution risk on new capacity and technologies, and reliance on external financing while free cash flow is negative.
Overall, MTEN appears to be in a classic scale-up phase: investing heavily in capacity, technology, and relationships to secure a long-term role in the NEV supply chain, while near-term profitability and cash flows are under pressure. The outlook will depend on whether these investments lead to a more efficient, higher-margin business over the next few years. Monitoring cost discipline, margin recovery, cash conversion, and the depth of NEV-related customer partnerships will be key to assessing how the story evolves.
CEO
Yingkai Xu
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2026-01-26 | Reverse | 1:200 |
Ratings Snapshot
Rating : C+