Mingteng International Corp Inc.
MTEN · Metal Doors, Sash, Frames, Moldings & Trim · EDGAR filings ↗
Grade
D50Small Chinese automotive-mold maker with revenue growth but a loss year and tiny cash balance.
Strengths
- Revenue growth +15.3% (67.9th pct); long-standing relationships with listed auto-parts customers
- 26 patents and ISO/high-tech certifications
Risks
- Net margin -15.3%, operating margin -3.6%, ROE -8.1%; net income down 69% (21st pct)
- Cash only $1.6M (9th pct), customer concentration (top 10 = 78%), China/PCAOB governance risk
Notable findings
- Net lossNet loss (net margin -15.3%)
- Cash burnNegative free cash flow (-1.1M)
- Customer concentration~85% of revenue from one customer/distributor — For the fiscal year ended December 31, 2023, ten major customers accounted for approximately 84
Key metrics
Gross margin
22.5%
Operating margin
-3.6%
Net margin
-15.3%
Return on equity
-8.1%
Return on assets
-5.7%
Revenue growth (QoQ)
15.3%
Current ratio
1.2×
Free cash flow
-$1M
Tangible book value
$22M
Cash & investments
$2M
Cash runway
6q
Stock comp / revenue
6.4%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001213900-26-050226 ↗ |
| 20-F | 2025-04-30 | 2024-12-31 | 0001213900-25-037714 ↗ |
| 20-F | 2024-05-15 | 2023-12-31 | 0001213900-24-043100 ↗ |