Huadi International Group Co., Ltd. Announces Fiscal Year 2023 Financial Results
BEIJING, Feb. 6, 2024 /PRNewswire/ -- Huadi International Group Co., Ltd. ("HUDI" or the "Company") (NASDAQ:HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced its financial results for the fiscal year ended September 30, 2023.
Financial Highlights for the Fiscal Year 2023
For the Fiscal Years Ended September 30
(in $ millions, except earnings per share; differences due to rounding)
2023
2022
% Change
Revenue
$
84.33
$
76.37
10.42 %
Gross profit
12.36
11.14
10.96 %
Gross profit margin
14.65 %
14.91 %
(0.26) percentage points
Net income
3.30
1.95
69.16 %
Net earnings per share – Basic and Diluted
0.23
0.15
53.
