Welcome to our dedicated page for ZJK Industrial Co., Ltd. Ordinary Shares news (Ticker: ZJK), a resource for investors and traders seeking the latest updates and insights on ZJK Industrial Co., Ltd. Ordinary Shares stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ZJK Industrial Co., Ltd. Ordinary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ZJK Industrial Co., Ltd. Ordinary Shares's position in the market.
ZJK Industrial reported strong financial results for H1 FY2024, with revenue increasing 72.81% to $16.23 million. The company's gross profit surged 134.31% to $7.56 million, while net income rose 106.98% to $5.43 million. Operating income grew 149.33% to $4.91 million, with EPS increasing from $0.04 to $0.09.
The growth was driven by increased sales volume (up 44.55%) and higher average unit prices (up 21.91%). The company expanded production capacity by leasing three additional factories. Gross profit margin improved significantly from 34.34% to 46.57%. As of June 30, 2024, ZJK had $8.56 million in cash and completed its IPO in October 2024, raising $6.91 million through the offering of 1,381,249 shares at $5.00 per share.
ZJK Industrial (Nasdaq: ZJK) announced an expansion of its collaboration with NVIDIA in liquid cooling systems for AI servers. Following a meeting at NVIDIA's headquarters, ZJK received a request to produce samples for an upcoming liquid cooling manifold project. The company has formed a specialized engineering team dedicated to NVIDIA's liquid cooling systems. As one of NVIDIA's approved vendors, ZJK aims to enhance its technical capabilities and diversify its product offerings through sub-assembly and assembly manufacturing.
ZJK Industrial announced the partial exercise of its IPO over-allotment option, with underwriters purchasing an additional 131,249 ordinary shares at $5.00 per share. The total offering reached 1,381,249 shares, generating gross proceeds of approximately $6.91 million. The company began trading on Nasdaq under 'ZJK' on September 30, 2024. Proceeds will fund manufacturing facility expansion, North American sales network growth, potential acquisitions in the fasteners industry, and general corporate purposes. The offering was underwritten by Cathay Securities, Revere Securities, and Dominari Securities.
ZJK Industrial Co., (Nasdaq: ZJK) has successfully closed its initial public offering (IPO) of 1,250,000 ordinary shares at $5.00 per share, raising $6.25 million in gross proceeds. The company's shares began trading on the Nasdaq Capital Market on September 30, 2024. ZJK, a high-tech enterprise specializing in precision fasteners and metal parts for new energy vehicles and intelligent electronic equipment, plans to use the net proceeds for:
- Expanding manufacturing facilities
- Expanding sales network in North America
- Potential acquisitions in the fasteners field
- General corporate purposes and working capital
The IPO was conducted on a firm commitment basis, with Cathay Securities, Inc. as the representative underwriter, joined by Revere Securities and Dominari Securities
ZJK Industrial Co., , a high-tech enterprise specializing in precision fasteners and metal parts for new energy vehicles and intelligent electronic equipment, has announced the pricing of its initial public offering (IPO). The company is offering 1,250,000 ordinary shares at US$5.00 per share, aiming to raise US$6.25 million in gross proceeds. The shares are set to begin trading on the Nasdaq Capital Market under the ticker symbol "ZJK" on September 30, 2024.
The IPO is expected to close around October 1, 2024, with underwriters granted a 30-day option to purchase up to 187,500 additional shares. Proceeds will fund manufacturing expansion, North American sales network growth, potential acquisitions, and general corporate purposes. Cathay Securities, Inc. is leading the underwriting, with Revere Securities and Dominari Securities also participating.
FAQ
What is the current stock price of ZJK Industrial Co., Ltd. Ordinary Shares (ZJK)?
What is the market cap of ZJK Industrial Co., Ltd. Ordinary Shares (ZJK)?
