Mingteng International Corporation Inc. Announces Financial Results for Fiscal Year 2023

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Mingteng International Corporation Inc. Announces Financial Results for Fiscal Year 2023
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WUXI, China, May 16, 2024 PRNewswire -- Mingteng International Corporation Inc. (Nasdaq: MTEN) (the 'Company' or 'Mingteng International'), an automotive mold developer and supplier in China, today announced its financial results for the fiscal year ended December 31, 2023.

WUXI, China, May 16, 2024 PRNewswire -- Mingteng International Corporation Inc. , an automotive mold developer and supplier in China, today announced its financial results for the fiscal year ended December 31, 2023.Mr. Yingkai Xu, Chairman and Chief Executive Officer of Mingteng International , remarked, 'We are delighted to present our financial results for fiscal year 2023.

This increase was mainly attributable to the increase in R&D raw material consumption by $133,661 in 2023 due to the Company increased efforts in R&D in order to expand the market. Net IncomeNet income was $1.51 million for fiscal year 2023, compared to $2.13 million for fiscal year 2022.Basic and Diluted Earnings per ShareBasic and diluted earnings per share were $0.30 in the fiscal year 2023, compared to basic and diluted earnings per share of $0.43 in the fiscal year 2022.

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International Corporation Inc. Announces Financial Results For Fiscal Year 2023

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