MaxsMaking Inc.
MAMK · Miscellaneous Fabricated Textile Products · EDGAR filings ↗
Grade
F37China-based custom textile maker whose earnings collapsed ~99% with near-zero margins and essentially no cash runway.
Strengths
- Revenue growth of 36% sits at the 84th percentile
- Current ratio 3.13 (71st pct) and modest leverage (debt/equity 0.19)
Risks
- Cash runway of ~0.1 quarters (3.8th pct) signals imminent funding crunch
- Net income fell 99% with gross margin at the 10th percentile and razor-thin net margin
- HFCAA/PRC governance and capital-control overhang on a small China issuer
Notable findings
- No interest coverageInterest coverage 0.65 (cannot cover interest)
- Cash burnNegative free cash flow (-5.3M)
- Customer concentration~33% of revenue from one customer/distributor — 33 % Cost of sales (26,605,003 ) (17,463,856 ) (9,141,147 ) 52
Key metrics
Gross margin
9.0%
Operating margin
0.4%
Net margin
0.0%
Return on equity
0.0%
Return on assets
0.0%
ROIC
0.6%
Revenue growth (QoQ)
36.3%
Net-income growth
-99.9%
Debt / equity
0.2×
Interest coverage
0.7×
Current ratio
3.1×
Free cash flow
-$5M
Tangible book value
$12M
Cash & investments
$122K
Cash runway
0q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-04 | 2025-10-31 | 0001213900-26-023316 ↗ |