Huadi International Group Co., Ltd.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Huisen Wang
- Full Time Employees
- 362
- Sector
- Basic Materials
- Industry
- Steel
- Address
- No. 1688 Tianzhong Street Wenzhou ZH People's Republic of China 325025
- IPO Date
- Jan 22, 2021
- CIK
- 0001791725
- Website
- huadi.cc
- Similar Companies
- Business
- Huadi International Group Co., Ltd. (NASDAQ: HUDI) develops, manufactures, markets and sells industrial stainless steel seamless pipes, tubes, bars and plates primarily through its PRC-based subsidiary Huadi Steel Group Co., Ltd.; core products include high-end specialty items such as 347H corrosion- and acid-resistant stainless steel seamless pipes, S32205 duplex stainless steel plates, automobile steel plates, bright steel pipes, precision tubes and HuaGang branded stainless steel seamless pipes that meet standards including ASTM, ASME, DIN and JIS. These products serve diverse sectors encompassing oil and gas transmission, chemical engineering, thermal and nuclear power plants, food processing, medical devices, aeronautics and astronautics, automotive components, boilers, irrigation, electricity generation, naval architecture, paper mills and mechanical industries. The Cayman Islands-incorporated company, founded in 1998 and headquartered at No. 1688 Tianzhong Street, Longwan District, Wenzhou, Zhejiang Province, China, operates a manufacturing facility in Wenzhou and exports to over 20 countries including the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, United Arab Emirates, Canada, Singapore and Germany; it is a subsidiary of Yongqiang Donghai Limited with approximately 362 employees. Recent developments include entering an investment agreement in June 2023 with Songyang County Economic Development and Investment Group Co., Ltd., a local government-owned enterprise, to construct a smart "Future Factory" on 50 acres in Chishou Industrial Zone with RMB1 billion total investment (RMB620 million in fixed assets), aiming for RMB1.7 billion annual output value, supported by government subsidies, tax incentives and land rights; a strategic partnership in January 2023 with China Huanqiu Contracting & Engineering Co., Ltd. designating it as a first-tier supplier of stainless steel seamless pipes and tubes; and a $25 million registered direct offering of 1 million ordinary shares priced at $25 each in November 2022 for working capital.
Huadi International Group Co., Ltd. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Huadi International Group Co., Ltd. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
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