Company research
Huadi International Group Co., Ltd.
CIK 1791725Updated Sep 24, 2026
SecurityHUDI · NASDAQ · equity
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 109,523,537Source | 103,594,531Source | 103,010,786Source | 84,636,527Source |
| Property, Plant and Equipment, NetUSD | 15,318,750Source | 8,047,615Source | 5,354,997Source | 5,989,136Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 6,483,489Source | 18,118,456Source | 20,192,460Source | 13,195,999Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 24,773,841Source | 18,713,342Source | 22,630,275Source | 19,658,188Source |
| Inventory, NetUSD | 24,084,711Source | 23,312,978Source | 26,706,629Source | 24,867,708Source |
| Assets, CurrentUSD | 70,287,237Source | 77,472,209Source | 80,236,716Source | 64,401,855Source |
| Other Assets, NoncurrentUSD | 221,288Source | 138,335Source | 198,194Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 33,711,230Source | 25,277,092Source | 28,326,976Source | 35,002,586Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 2,860Source | 2,856Source | 2,852Source | 2,648Source |
| Additional Paid in CapitalUSD | — | — | — | 44,211,313Source |
| Retained Earnings (Accumulated Deficit)USD | 6,308,532Source | 7,704,459Source | 6,679,692Source | 3,802,265Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 923,834Source | 2,046,228Source | -428,779Source | 873,059Source |
| Stockholders' Equity Attributable to ParentUSD | 75,514,305Source | 78,003,226Source | 74,408,992Source | 49,383,508Source |
| Additional Paid in Capital, Common StockUSD | 67,359,101Source | 67,329,705Source | 67,280,709Source | — |
| Liabilities and EquityUSD | 109,523,537Source | 103,594,531Source | 103,010,786Source | 84,636,527Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 24,307,129Source | 23,828,193Source | 22,610,447Source | 25,701,961Source |
| Accounts Payable, CurrentUSD | 2,709,191Source | 1,889,342Source | 3,434,031Source | 919,492Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 298,002Source | 314,213Source | 274,818Source | 250,433Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | — | — | 1,771,245Source |
| Long-term DebtUSD | 8,068,549Source | — | 5,442,709Source | — |
| Long-term Debt, Current MaturitiesUSD | 43,545Source | — | 43,860Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 8,025,004Source | — | 5,398,849Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -1,400,801Source | 142,395Source | 3,295,257Source | 1,948,054Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 29,400Source | 49,000Source | 59,600Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 6,436,584Source | -6,134,515Source | 3,840,784Source | -4,080,722Source |
| Increase (Decrease) in InventoriesUSD | 1,089,484Source | -4,337,744Source | 2,545,634Source | 4,653,336Source |
| Deferred Income Tax Expense (Benefit)USD | -494,807Source | -307,278Source | -64,606Source | 173,017Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -8,480,674Source | 12,993,841Source | -2,447,726Source | 8,027,856Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 6,395,450Source | 2,759,262Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -14,972,639Source | -3,067,893Source | -3,594,045Source | -206,175Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,457,008Source | 308,631Source | 157,571Source | 206,175Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 10,768,333Source | -8,814,852Source | 11,582,041Source | -9,744,857Source |
| Repayments of Long-term DebtUSD | 563,281Source | 8,274,225Source | 9,389,931Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -12,903,700Source | 1,567,252Source | 6,418,448Source | -2,111,470Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 9,625,245Source | 22,528,945Source | 20,961,693Source | 14,543,245Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 195,369Source | 176,023Source | 442,748Source | 1,151,567Source |
| Income Taxes Paid, NetUSD | — | — | 3,507,752Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -218,720Source | 456,156Source | 878,178Source | -188,294Source |
| Additional Financial Items | ||||
| AmortizationUSD | 28,780Source | 73,726Source | 58,778Source | — |
| Amortization of Intangible AssetsUSD | — | — | — | 32,087Source |
| DepreciationUSD | 614,558Source | 685,674Source | 657,107Source | 792,888Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 265,960Source | 98,353Source | 644,118Source | — |
| Gain (Loss) on Disposition of AssetsUSD | 1,264Source | — | 2,557Source | — |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | — | — | 2,557Source | — |
| Income Tax Expense (Benefit)USD | -494,807Source | -298,610Source | 220,854Source | 173,017Source |
| Net Income (Loss) Attributable to ParentUSD | -1,395,927Source | 137,422Source | 3,257,722Source | 1,948,054Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -4,874Source | 4,973Source | 37,535Source | -23,852Source |
| Nonoperating Income (Expense)USD | 988,398Source | 1,452,266Source | 405,486Source | -231,469Source |
| Operating ExpensesUSD | 9,676,811Source | 8,924,316Source | 9,244,979Source | 8,783,086Source |
| Other Nonoperating Income (Expense)USD | 767,777Source | 1,245,926Source | 701,751Source | — |
| Other Operating Income (Expense), NetUSD | — | — | — | 420,596Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 5,639,913Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 62,895,611Source | 74,270,429Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | 1,219,041Source | 1,663,523Source |
| Cost of RevenueUSD | 56,102,806Source | 66,954,594Source | 71,976,696Source | 65,230,521Source |
| Selling, General and Administrative ExpenseUSD | 7,775,890Source | 6,783,449Source | 7,338,320Source | 6,452,173Source |
| Operating Income (Loss)USD | -2,884,006Source | -1,608,481Source | 3,110,625Source | 2,352,541Source |
| Other Nonoperating Income (Expense)USD | 767,777Source | 1,245,926Source | 701,751Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,895,608Source | -156,215Source | — | 2,121,071Source |
| Income Tax Expense (Benefit)USD | -494,807Source | -298,610Source | 220,854Source | 173,017Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -4,874Source | 4,973Source | 37,535Source | -23,852Source |
| Net Income (Loss) Attributable to ParentUSD | -1,395,927Source | 137,422Source | 3,257,722Source | 1,948,054Source |
| Earnings Per Share, BasicUSD per share | -0.1Source | 0.01Source | 0.23Source | 0.15Source |
| Earnings Per Share, DilutedUSD per share | -0.1Source | 0.01Source | 0.23Source | 0.15Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 14,277,484Source | 14,268,333Source | 14,138,525Source | 13,228,682Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 14,277,484Source | 14,268,333Source | 14,138,525Source | 13,228,682Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | — | 32,087Source |
| Current Income Tax Expense (Benefit)USD | — | 8,668Source | 285,460Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | 32,087Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 265,960Source | 98,353Source | 644,118Source | — |
| Gross ProfitUSD | 6,792,805Source | 7,315,835Source | 12,355,604Source | 11,135,627Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | 3,516,111Source | 2,121,071Source |
| Interest Expense, DebtUSD | 195,369Source | 176,023Source | — | — |
| Interest Income (Expense), NetUSD | — | — | -296,265Source | -1,629,642Source |
| Interest Income (Expense), Nonoperating, NetUSD | 220,621Source | 206,340Source | — | — |
| Nonoperating Income (Expense)USD | 988,398Source | 1,452,266Source | 405,486Source | -231,469Source |
| Operating ExpensesUSD | 9,676,811Source | 8,924,316Source | 9,244,979Source | 8,783,086Source |
| Other Operating IncomeUSD | — | — | — | 1,398,173Source |
| Other Operating Income (Expense), NetUSD | — | — | — | 420,596Source |
| Research and Development ExpenseUSD | 2,166,881Source | 2,239,220Source | 2,550,777Source | 2,330,913Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 62,895,611Source | 74,270,429Source | — | — |