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ZJK

ZJK Industrial Co., Ltd.

ZJK

ZJK Industrial Co., Ltd. • NASDAQ
$3.25 ▲ 4.50% (+0.14)
Market Cap $199.37 M
52w High $30.50
52w Low $1.69
Dividend Yield 0%
P/E 46.43
Volume 32.24K
Outstanding Shares 61.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $24.703M ▲ $6.458M ▼ $5.851M ▲ 23.685% ▲ $0.095 ▲ $6.245M ▲
Q4-2024 $21.58M ▲ $9.289M ▲ $-1.744M ▼ -8.083% ▼ $-0.029 ▼ $-2.887M ▼
Q2-2024 $16.23M ▼ $2.641M ▼ $5.427M ▲ 33.438% ▲ $0.09 ▲ $5.351M ▲
Q4-2023 $19.664M ▲ $3.484M ▲ $5.07M ▲ 25.783% ▼ $0.084 ▲ $4.73M ▲
Q2-2023 $9.392M $1.254M $2.621M 27.91% $0.044 $2.339M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $16.767M ▲ $64.015M ▲ $26.87M ▲ $37.123M ▲
Q4-2024 $14.815M ▲ $55.771M ▲ $25.704M ▲ $30.036M ▲
Q2-2024 $8.674M ▲ $41.948M ▲ $15.8M ▼ $26.149M ▲
Q4-2023 $2.827M ▼ $38.28M ▲ $16.578M ▲ $21.704M ▲
Q2-2023 $3.568M $28.453M $12.166M $16.286M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $5.851M ▲ $6.162M ▲ $-2.457M ▲ $1.638M ▼ $2.884M ▲ $1.124M ▲
Q4-2024 $-1.744M ▼ $-2.383M ▼ $-2.485M ▼ $7.218M ▲ $0 $-4.569M ▼
Q2-2024 $5.427M ▲ $7.725M ▲ $-318.496K ▼ $-470.958K ▲ $0 $7.439M ▲
Q4-2023 $5.07M ▲ $187.22K ▼ $1.331M ▲ $-2.444M ▼ $0 ▼ $-143.142K ▼
Q2-2023 $2.621M $3.929M $-36.378K $-505.138K $4.699M $3.893M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing over the last few years, but profits have been uneven. After a period of healthy earnings improvement, the most recent year shows profits slipping back toward break-even even as sales continue to grow. This usually signals rising costs, heavier investment in growth, or pricing pressure. Overall, the business appears to be in a growth phase with thin margins and some earnings volatility rather than a mature, steady-profit profile.

Balance Sheet

Balance Sheet The balance sheet looks relatively clean and conservative. Assets and shareholders’ equity have been building up over time, suggesting steady reinvestment and internal growth. Cash on hand has recently improved, and there is effectively no debt, which reduces financial risk but also means the company is likely relying on its own resources and any equity capital to fund expansion. The overall financial foundation is small but gradually strengthening.

Cash Flow

Cash Flow Cash generation is still at an early stage. Operating cash flow has only recently turned meaningfully positive, and free cash flow is roughly neutral, reflecting that the company is not yet producing large surplus cash after its spending needs. Capital spending appears modest so far, but with major expansion plans (like the U.S. gigafactory), future cash needs could rise significantly. For now, the business looks more focused on growth than on returning cash or building a large cash cushion.

Competitive Edge

Competitive Edge ZJK operates in a specialized niche: precision metal parts for high-growth areas such as artificial intelligence hardware, new energy vehicles, and advanced electronics. Its strengths are deep technical know-how, a growing patent base, and tight integration with major customers, including co-designing parts that are hard to replace. The NVIDIA collaboration is a strong proof point of its capabilities. However, the industry is competitive, manufacturing is capital-intensive, and the company is still relatively small, so its position is promising but not yet deeply entrenched. Execution and customer retention will be critical.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point. The company has built a meaningful patent portfolio and is developing advanced inspection systems and precision fixtures tailored to complex, high-value components. Its expertise in automated, high-accuracy machining and miniaturized parts supports applications like liquid cooling for AI servers and components for EVs. The planned U.S. gigafactory and continued co-development with leading tech companies show an ambition to move up the value chain. The main risk is that aggressive expansion and R&D spending must translate into commercially successful products and stable, long-term contracts.

Summary

ZJK is evolving from a smaller precision parts manufacturer into a more sophisticated, technology-driven supplier to fast-growing sectors such as AI, data centers, and electric vehicles. Financially, it shows a pattern typical of an early-stage growth industrial: rising sales, uneven profitability, thin margins, modest but improving cash flow, and a conservative balance sheet with little or no debt. Strategically, its strengths lie in innovation, automation, customer collaboration, and a targeted global footprint, including expansion into the U.S. At the same time, it faces meaningful risks from execution of large projects, capital intensity, dependence on key customers, and the need to turn technical success into durable, cash-generating growth.

NEWS

November 24, 2025 · 9:00 AM UTC

ZJK Industrial and Chaince Digital Announce Strategic Partnership for U.S.-Based Precision Components R&D and Manufacturing Base Serving AI & Semiconductor and Other Industries, with Expected Investment Plan of Up to $200 Million, Advancing the “Made in America” Strategy

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September 22, 2025 · 8:00 AM UTC

ZJK Industrial Co., Ltd. Reports Financial Results for the First Six Months of Fiscal Year 2025

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