MTEN
Income statement / Annual
Last year (2023), Mingteng International Corporation Inc.'s total revenue was $8.16 M,
an increase of 590.18% from the previous year.
In 2023, Mingteng International Corporation Inc.'s net income was $1.51 M.
See Mingteng International Corporation Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
| Operating Revenue |
$8.16 M
|
$1.18 M
|
$1.20 M
|
$638,060.00
|
| Cost of Revenue |
$682,357.00 |
$600,933.00 |
$576,505.00 |
$261,065.00 |
| Gross Profit |
$7.48 M |
$581,121.00 |
$622,186.00 |
$376,995.00 |
| Gross Profit Ratio |
0.92 |
0.49 |
0.52 |
0.59 |
| Research and Development
Expenses |
$630,752.00
|
$73,143.00
|
$63,203.00
|
$34,692.00
|
| General & Administrative
Expenses |
$797,140.00
|
$926,786.00
|
$611,244.00
|
$364,591.00
|
| Selling & Marketing
Expenses |
$153,213.00
|
$132,542.00
|
$123,334.00
|
$63,031.00
|
| Selling, General &
Administrative Expenses |
$950,353.00
|
$157,317.00
|
$113,899.00
|
$61,954.00
|
| Other Expenses |
-$1.00 |
$58,311.00 |
$134,143.00 |
$65,447.00 |
| Operating Expenses |
$1.58 M |
$230,460.00 |
$177,102.00 |
$96,646.00 |
| Cost And Expenses |
$6.42 M |
$831,393.00 |
$753,607.00 |
$357,712.00 |
| Interest Income |
$4,459.00 |
$2,171.00 |
$6,515.00 |
$5,552.00 |
| Interest Expense |
$59,477.00 |
$53,991.00 |
$51,465.00 |
$20,653.00 |
| Depreciation &
Amortization |
$404,881.00
|
$37,712.00
|
$26,471.00
|
$11,816.00
|
| EBITDA |
$2.15 M
|
$2.63 M
|
$3.08 M
|
$2.06 M
|
| EBITDA Ratio |
0.26 |
0.33 |
0.39 |
0.46 |
| Operating Income Ratio
|
0.21
|
0.3
|
0.37
|
0.44
|
| Total Other
Income/Expenses Net |
-$1.48 M
|
$14,750.00
|
$18,550.00
|
$22,898.00
|
| Income Before Tax |
$261,295.00 |
$365,410.00 |
$463,633.00 |
$303,246.00 |
| Income Before Tax Ratio
|
0.03
|
0.31
|
0.39
|
0.48
|
| Income Tax Expense |
$344,586.00 |
$48,618.00 |
$61,534.00 |
$18,550.00 |
| Net Income |
$1.51 M |
$316,792.00 |
$402,098.00 |
$284,695.00 |
| Net Income Ratio |
0.18 |
0.27 |
0.34 |
0.45 |
| EPS |
0.3 |
0.0634 |
0.0804 |
0.0569 |
| EPS Diluted |
0.3 |
0.0634 |
0.0804 |
0.0569 |
| Weighted Average Shares
Out |
$5.00 M
|
$5.00 M
|
$5.00 M
|
$5.00 M
|
| Weighted Average Shares
Out Diluted |
$5.00 M
|
$5.00 M
|
$5.00 M
|
$5.00 M
|
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