Li Bang International Corporation Inc. announced its unaudited interim financial results for the six months ended December 31, 2024, on June 17, 2025. The company reported total revenues of $4,716,845, representing a 26.5% increase compared to $3,729,845 for the same period in 2023. This growth was primarily driven by an increase in revenue from project sales.
The company also saw an improvement in its gross profit, which rose to $840,929 from $611,788 in the comparable period of 2023. The gross margin increased by 1.4% to 17.8%, primarily due to a lower proportion of purchased parts and a higher proportion of self-produced products in specific projects.
Li Bang International's net loss decreased to $1,125,915 for the six months ended December 31, 2024, from a net loss of $1,463,048 in the same period of 2023. Operating expenses also decreased by $167,149 to approximately $2.02 million. Net cash provided by operating activities was $258,431, an increase of $430,260 from net cash used in the prior year period.
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