ZK International Group Co., Ltd.
ZKIN · Miscellaneous Fabricated Metal Products · EDGAR filings ↗
Grade
D47China-based stainless-steel pipe maker posting a loss year on a 34% revenue decline amid weak domestic construction demand.
Strengths
- Current ratio 1.44 / quick ratio 1.02 and modestly positive FCF
- Net loss narrowed versus prior years; some export diversification
Risks
- Net margin -5.6%, ROE -16.3%, operating margin -6.0%; thin 5.7% gross margin
- Revenue down 34% with low-margin nickel trading distorting the mix
- PRC delisting/HFCAA and governance overhang
Notable findings
- Net lossNet loss (net margin -5.6%)
- Customer concentration~81% of revenue from one customer/distributor — 81% of total sales as compared to 58
- Revenue declineRevenue -34.2% YoY
Key metrics
Gross margin
5.7%
Operating margin
-6.0%
Net margin
-5.6%
Return on equity
-16.3%
Return on assets
-6.3%
Revenue growth (QoQ)
-34.2%
Current ratio
1.4×
Free cash flow
$148K
Tangible book value
$23M
Cash & investments
$5M
Stock comp / revenue
1.6%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-02-04 | 2025-09-30 | 0001185185-26-000396 ↗ |
| 20-F | 2025-01-27 | 2024-09-30 | 0001410578-25-000055 ↗ |
| 20-F | 2024-08-13 | 2023-09-30 | 0001410578-24-001331 ↗ |
| 20-F | 2023-01-31 | 2022-09-30 | 0001410578-23-000049 ↗ |
| 20-F | 2022-01-28 | 2021-09-30 | 0001410578-22-000065 ↗ |
| 20-F | 2021-02-09 | 2020-09-30 | 0001104659-21-016726 ↗ |
| 20-F | 2020-01-31 | 2019-09-30 | 0001104659-20-009350 ↗ |
| 20-F | 2019-01-31 | 2018-09-30 | 0001144204-19-004127 ↗ |
| 20-F | 2018-01-31 | 2017-09-30 | 0001144204-18-004764 ↗ |