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Mingteng International Corporation Inc. (MTEN)

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$6.08
-0.26 (-4.10%)
Market Cap

$37.7M

P/E Ratio

N/A

Div Yield

0.00%

52W Range

$3.60 - $21.30

Company Profile

At a glance

• Mingteng International Corporation Inc. (NASDAQ:MTEN) is a specialized Chinese automotive mold developer and supplier, strategically pivoting towards the high-growth new energy vehicle (NEV) market.

• The company is investing significantly in technological differentiation, notably through a collaboration with Jilin University to develop advanced hot-work die steel targeting an 80,000-cycle lifespan and 40% cost reduction.

• Despite a 23% revenue increase to $10.12 million in fiscal year 2024, MTEN reported a net loss of $5.68 million, driven by substantial increases in operating expenses, selling, general, and administrative costs, and a capital asset impairment.

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