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6-K 1 zkin6k092625.htm FORM 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2025

 

Commission File Number: 001-38146 

 

ZK INTERNATIONAL GROUP CO., LTD.

 

c/o Zhejiang Zhengkang Industrial Co., Ltd.

No. 678 Dingxiang Road, Binhai Industrial Park

Economic & Technology Development Zone

Wenzhou, Zhejiang Province

People’s Republic of China 325025

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

 


 

On September 29, 2025, the Company issued a press release entitled “ZK International Group Co., Ltd. Announces Earnings Results for the First Half of Fiscal Year 2025.” A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

 

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EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release - ZK International Group Co., Ltd. Announces Earnings Results for the First Half of Fiscal Year 2025, dated September 29, 2025

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  ZK International Group Co., Ltd.
     
Date: September 29, 2025 By: /s/ Jiancong Huang
    Name:  Jiancong Huang
    Title: Chief Executive Officer and
Chairman of the Board

 

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EX-99.1 2 zkinex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

ZK International Group Co., Ltd. Announces Earnings Results for the First Half of Fiscal Year 2025

 

WENZHOU, China, September 29, 2025 -- ZK International Group Co., Ltd. (ZKIN) (“ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced its unaudited financial results for the six months ended March 31, 2025. 

 

Financial Highlights for the First Half of Fiscal Year 2025

 

    For the Six Months Ended March 31,  
($ millions, except per share data)   2025     2024     % Change  
Revenue   $ 40.00     $ 52.89       (24.37 )%
Gross profit   $ 2.19     $ 3.35       (34.63 )%
Gross margin     5.47 %     6.33 %     -0.86 % pp*
Income loss from operations   $ (0.49 )   $ (0.16 )     197.83 %
Operating margin     (1.22 )%     (0.31 )%     -0.91 % pp*
Net loss   $ (0.80 )   $ (0.48 )     66.48 %
Diluted earnings per share   $ (0.02 )   $ (0.01 )     -  

 

* pp: percentage point(s)

 

Revenue decreased by 24.37% to $40.00 million for the six months ended March 31, 2025 from $52.89 million for the six months ended March 31, 2024. During the first fiscal half of 2025, we faced a decrease in demand for our piping products, mainly due to the slow recovery in the real estate market (such as reduced construction projects and weakened investment momentum) during the fiscal half period. Despite our efforts to manage costs related to raw materials (including nickel, a key component of stainless steel), the dampened market demand not only lowered our sales volume but also limited our ability to adjust pricing. As a result, the combined effect of weaker sales and challenging market conditions led to the revenue decline for the six months ended March 31, 2025.

 

Gross profit decreased by 34.63% to $2.19 million. Gross margin was 5.47%, compared to 6.33% for the same period of the prior fiscal period. The falling revenue, along with increased raw materials costs (particularly for stainless steel which is a key component of our products), has outpaced our cost optimization efforts which led to a decline in gross margin.

 

Loss from operations was $0.49 million, compared to loss from operations of $0.16 million for the same period of the prior fiscal year. Operating margin was (1.22)%, compared to (0.31)% for the same period of the prior fiscal year.

 

Net loss was $0.8 million. This compared to a net loss of $0.48 million for the same period of the prior fiscal year.

  

Financial Results for the First Half of Fiscal Year 2025

 

Revenue

 

Revenue decreased by $12,890,784.00 or 24.37%, to $39,996,372 for the six months ended March 31, 2025 from $52,887,156 for the six months ended March 31, 2024. During the first fiscal half of 2025, we faced a decrease in demand for our piping products, mainly due to the slow recovery in the real estate market (such as reduced construction projects and weakened investment momentum) during the fiscal half period. Despite our efforts to manage costs related to raw materials (including nickel, a key component of stainless steel), the dampened market demand not only lowered our sales volume but also limited our ability to adjust pricing. As a result, the combined effect of weaker sales and challenging market conditions led to the revenue decline for the six months ended March 31, 2025.

 

 


 

Gross Profit

 

Our gross profit decreased by $1,163,908, or 34.74%, to $2,186,102 for the six months ended March 31, 2025 from $3,350,010 for the six months ended March 31, 2024. Gross profit margin was 5.47% for the six months ended March 31, 2025, as compared to 6.33% for the six months ended March 31, 2024. The decrease of our gross profit was mainly attributable to the revenue decline amid real estate market sector. Moreover, persistent raw materials costs (particularly for stainless steel, a key component of our products) have outpaced our cost optimization efforts, which led to a decline in gross margin.

 

Selling and Marketing Expenses

 

We incurred $881,686 in selling and marketing expenses for the six months ended March 31, 2025, compared to $880,824 for the six months ended March 31, 2024. Selling and marketing expenses increased by $862, or 0.10%, during the six months ended March 31, 2025 compared to the six months ended March 31, 2024.

 

General and Administrative expenses

 

We incurred $1,396,466 in general and administrative expenses for the six months ended March 31, 2025, compared to $2,010,566 for the six months ended March 31, 2024. General and administrative expenses decreased by $614,100 or 30.54%, for the six months ended March 31, 2025 compared to the same period in 2024. The decrease is primarily due to reductions in consulting expenses and employee related costs.

 

Research and Development Expenses

 

We incurred $396,934 in research and development expenses for the six months ended March 31, 2025, compared to $622,805 for the six months ended March 31, 2024. R&D expenses decreased by $225,871, or 36.27%, for the six months ended March 31, 2025 compared to the same period in 2024.

 

Income (loss) from Operations

 

As a result of the factors described above, we incurred operating loss of $488,984 for the six months ended March 31, 2025, compared to operating loss of $164,185 for the six months ended March 31, 2024, an increase of operating loss of $324,799.

 

Other Income (Expenses)

 

Our interest income and expenses were $4,052 and $349,499, respectively, for the six months ended March 31, 2025, compared to interest income and expenses of $7,868 and $411,045, respectively, for the six months ended March 31, 2024.

 

Net Income (loss) 

 

As a result of the factors described above, we incurred net loss of $802,028 for the six months ended March 31, 2025, compared to net loss of $481,753 for the six months ended March 31, 2024, an increase in net loss of $320,275. 

 

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Financial Condition

 

As of March 31, 2025, cash and cash equivalents, restricted cash and short-term investments totaled $1.61 million, compared to $4.16 million as of September 30, 2024. Short-term bank borrowings were $11.19 million as of March 31, 2025, compared to $10.26 million as of September 30, 2024. 

 

Accounts receivable was $19.82 million as of March 31, 2025, compared to $22.39 million as of September 30, 2024. Inventories were $15.49 million as of March 31, 2025, compared to $13.53 million as of September 30, 2024. Accounts payable was $2.43 million as of March 31, 2025, compared to $3.13 million as of September 30, 2024.

 

Total current assets and current liabilities were $55.30 million and $45.39 million, respectively, leading to a current ratio of 1.22 as of March 31, 2025. This compared to total current assets and current liabilities were $62.74 million and $24.89 million, respectively, and current ratio of 1.26 as of September 30, 2024.

  

About ZK International Group Co., Ltd.

 

ZK International Group Co., Ltd. is a China-based designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products that require sophisticated water or gas pipeline systems. The Company owns 33 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee that is focused on supplying steel piping for the multi-billion dollar industries of Gas and Water sectors. ZK has supplied stainless steel pipelines for over 2,000 projects, including the Beijing National Airport, the “Water Cube”, and “Bird’s Nest”, which were venues for the 2008 Beijing Olympics.  Emphasizing superior properties and durability of its steel piping, ZK International is providing a solution for the delivery of high quality, highly sustainable, environmentally sound drinkable water not only to the China market but also to international markets such as Europe, East Asia, and Southeast Asia.

 

For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company’s SEC filings please visit www.sec.gov.

 

Safe Harbor Statement 

 

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantee of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict and many of which are beyond the control of ZK International. Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized.  In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

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ZK International Group Co., Ltd. and Subsidiaries

Consolidated Statements of Income and Comprehensive Income (Loss)

For the Six Months Ended March 31, 2025 and 2024 (Unaudited)

(IN U.S. DOLLARS, EXCEPT SHARE DATA)

 

    For the Six Months Ended 
March 31,
 
    2025     2024  
Revenues     39,996,372     $ 52,887,156  
Cost of sales     37,810,270       49,537,146  
Gross profit     2,186,102       3,350,010  
                 
Operating expenses:                
Selling and marketing expenses     881,686       880,824  
General and administrative expenses     1,396,466       2,010,566  
Research and development costs     396,934       622,805  
Total operating expenses     2,675,086       3,514,195  
                 
Operating income (loss)     (488,984 )     (164,185 )
                 
Other income (expenses):                
Interest expenses     (349,499 )     (411,045 )
Interest income     4,052       7,868  
Other income (expenses), net     46,574       92,816  
Total other income (expenses), net     (298,873 )     (310,361 )
                 
Income (Loss) before income taxes     (787,857 )     (474,546 )
                 
Income tax provision     (14,171 )     (7,207 )
                 
Net income (loss)     (802,028 )     (481,753 )
Net income (loss) attributable to non-controlling interests     (5,227 )     -  
                 
Net income (loss) attributable to ZK International Group Co., Ltd.     (796,801 )     (481,753 )
                 
Net income (loss)     (802,028 )     (481,753 )
                 
Other comprehensive income:                
Foreign currency translation adjustment                
                 
Total comprehensive income (loss)     (802,028 )     (481,753 )
Comprehensive income (loss) attributable to non-controlling interests     (1,688 )     (9,284 )
Comprehensive income attributable to ZK International Group Co., Ltd.     (803,716 )     (472,468 )
                 
Basic and diluted earnings per share                
Basic     (0.15 )     (0.11 )
Diluted     (0.15 )     (0.11 )
Weighted average number of shares outstanding                
Basic     5,232,469       4,492,280  
Diluted     5,232,469       4,492,280  

 

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ZK International Group Co., Ltd. and Subsidiaries

Consolidated Balance Sheets

As of March 31, 2025 and September 30, 2024 (Unaudited)

 (IN U.S. DOLLARS)

 

    As of September 30,  
    2024     2023  
Assets            
Current assets            
Cash and cash equivalents   $ 1,559,434     $ 4,009,387  
Restricted cash     46,714       103,917  
Short-term Investment     -       50,111  
Accounts receivable, net of allowance for doubtful accounts and provision for expected credit loss of $7,330,890 and $7,580,664, respectively     19,816,792       22,393,810  
Notes receivable     750,672       355,761  
Prepayment, deposit and other receivable - current     8,166,269       4,657,014  
Inventories     15,487,586       13,528,170  
Advance to suppliers     9,469,805       17,641,946  
Total current assets     55,297,272       62,740,116  
Property, plant and equipment, net     7,957,533       8,104,335  
Right-of-use asset – Operating lease     212,915       162,103  
Intangible assets, net     1,234,704       1,282,939  
Deferred tax assets              
Prepayment, deposit and other receivable - Non-current     261,576       271,201  
Long-term prepayment              
Long-term accounts receivable     4,788,657       5,379,311  
Long-term investment     2,037,086       2,046,868  
TOTAL ASSETS   $ 71,789,743     $ 79,986,873  
LIABILITIES AND SHAREHOLDERS’ EQUITY                
Current liabilities:                
Accounts payable   $ 2,426,968     $ 3,125,104  
Accrued expenses and other current liabilities     3,749,209       4,261,080  
Operating lease liability - current     -       12,280  
Accrued payroll and welfare     2,662,269       2,323,244  
Advance from customers     10,081,298       14,861,280  
Due to related parties     70,500       216,906  
Convertible debentures     4,917,683       4,917,683  
Bank borrowings - current     11,194,069       10,259,918  
Long-term Bank borrowings - current     9,795,775       9,765,447  
Notes payables     493,219       124,957  
Total current liabilities     45,390,990       49,867,899  
Operating lease liability – non-current              
Bank borrowings – non-current     -       1,802,468  
TOTAL LIABILITIES   $ 45,390,990     $ 51,670,367  
                 
COMMITMENTS AND CONTINGENCIES              
                 
Equity                
Common stock, no par value, 50,000,000 shares authorized, 5,232,469 and 5,163,946 shares issued and outstanding, respectively              
Additional paid-in capital     77,886,898       77,886,898  
Statutory surplus reserve     3,176,556       3,176,556  
Subscription receivable     (125,000 )     (125,000 )
Retained earnings (Deficits)     (51,245,374 )     (50,448,573 )
Accumulated other comprehensive loss     (3,449,608 )     (2,326,968 )
Total equity attributable to ZK International Group Co., Ltd.     26,243,472       28,162,913  
Equity attributable to non-controlling interests     155,281       153,593  
Total equity     26,398,753       28,316,506  
TOTAL LIABILITIES AND EQUITY   $ 71,789,743     $ 79,986,873  

 

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