LUD
Luda Technology Group Limited
Price Chart
Latest Quote
$5.21
| Previous Close | $5.37 |
| Open | $5.16 |
| Day High | $5.35 |
| Day Low | $4.86 |
| Volume | 42,882 |
Stock Information
| Shares Outstanding | 22.69M |
| Total Debt | $13.20M |
| Cash Equivalents | $10.25M |
| Revenue | $33.54M |
| Net Income | $557K |
| Sector | Basic Materials |
| Industry | Steel |
| Market Cap | $118.21M |
| P/E Ratio | 173.67 |
| EPS (TTM) | $0.03 |
| Exchange | ASE |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $121.16M |
| Sales | $33.54M |
| Income | $557K |
| Book/sh | $0.98 |
| Cash/sh | $0.45 |
| Employees | 160 |
Financial Ratios
| Quick Ratio | 1.39 |
| Current Ratio | 1.63 |
| Debt/Eq | 59.42 |
Returns & Margins
| ROA | -1.50% |
| ROE | 3.19% |
| Gross Margin | 17.65% |
| Operating Margin | -0.76% |
| Profit Margin | 1.66% |
Ownership
| Insider Ownership | 88.14% |
| Institutional Ownership | 0.11% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 3.53 |
| P/B | 5.32 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $5.10 |
| SMA50 | $5.35 |
| SMA200 | $7.44 |
| RSI | 52.35 |
| ATR | 0.6151 |
| Shares Float | 2.69M |
| Short Float | 0.82% |
| Short Ratio | 0.20 |
| Rel Volume | 0.27 |
Performance History
| Week | -0.19% |
| Month | +16.04% |
| Quarter | +54.60% |
| 6 Months | -28.14% |
| YTD | -34.71% |
| Year | -14.45% |
| 10 Years | +30.25% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $5.21 | 43,100 |
| 2026-06-23 | $5.37 | 47,000 |
| 2026-06-22 | $5.70 | 74,400 |
| 2026-06-18 | $5.50 | 44,400 |
| 2026-06-17 | $5.12 | 7,700 |
| 2026-06-16 | $5.22 | 15,500 |
| 2026-06-15 | $5.25 | 221,300 |
| 2026-06-12 | $4.35 | 35,800 |
| 2026-06-11 | $4.33 | 38,000 |
| 2026-06-10 | $4.01 | 2,168,600 |
| 2026-06-09 | $4.79 | 11,700 |
| 2026-06-08 | $5.01 | 59,800 |
| 2026-06-05 | $5.00 | 41,300 |
| 2026-06-04 | $5.07 | 12,100 |
| 2026-06-03 | $5.04 | 48,200 |
| 2026-06-02 | $5.64 | 46,600 |
| 2026-06-01 | $5.72 | 39,300 |
| 2026-05-29 | $5.65 | 170,500 |
| 2026-05-28 | $5.63 | 84,500 |
| 2026-05-27 | $4.47 | 32,700 |
| 2026-05-26 | $4.30 | 39,800 |
About Luda Technology Group Limited
Luda Technology Group Limited, through its subsidiaries, manufactures and trades stainless steel and carbon steel flanges and fittings products. It offers steel flanges, including blind, slip, plate, thread, and welding neck flanges; and steel fittings, such as elbow, reducer, cap, and tee. The company also trades steel pipes, valves, and other steel tubing products. Its products are used for construction of facilities, plants and equipment as well as some specific applications such as pressure equipment, marine and offshore applications. In addition, the company serves the chemical, petrochemical, maritime, and manufacturing industries. Further, it has operations in the People's Republic of China, South America, Australia, Europe, North America, rest of Asia, and internationally. The company was founded in 2004 and is headquartered in Wan Chai, Hong Kong. Luda Technology Group Limited operates as a subsidiary of Diamond Horses Group Limited.
Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $27,150,596 | $33,099,406 | $40,178,647 | $39,140,897 |
| Cost Of Revenue | $27,615,538 | $33,458,207 | $40,533,077 | $39,565,806 |
| Total Revenue | $33,535,351 | $44,863,430 | $51,428,054 | $49,851,134 |
| Operating Revenue | $32,750,623 | $44,540,811 | $50,558,399 | $49,205,477 |
| Expenses | ||||
| Interest Expense | $520,916 | $556,156 | $406,692 | $339,164 |
| Total Expenses | $34,488,984 | $43,980,019 | $47,312,401 | $45,922,452 |
| Rent Expense Supplemental | $147,521 | $81,538 | $80,385 | $76,923 |
| Other Income Expense | $2,465,773 | $-424,050 | $-229,485 | $-20,657 |
| Other Non Operating Income Expenses | $88,514 | $-25,396 | $13,869 | $85,668 |
| Net Non Operating Interest Income Expense | $-520,916 | $-556,156 | $-406,692 | $-339,164 |
| Interest Expense Non Operating | $520,916 | $556,156 | $406,692 | $339,164 |
| Operating Expense | $6,873,446 | $10,521,812 | $6,779,324 | $6,356,646 |
| Selling And Marketing Expense | $1,412,856 | $1,256,162 | $1,117,582 | $1,130,615 |
| General And Administrative Expense | $4,058,159 | $8,120,168 | $3,389,057 | $2,926,214 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $556,829 | $-361,016 | $3,032,577 | $3,067,290 |
| Net Interest Income | $-520,916 | $-556,156 | $-406,692 | $-339,164 |
| Normalized Income | $-1,226,115 | $-62,026 | $3,244,675 | $3,158,623 |
| Net Income From Continuing And Discontinued Operation | $556,829 | $-361,016 | $3,032,577 | $3,067,290 |
| Total Operating Income As Reported | $-1,059,077 | $455,908 | $3,870,940 | $3,822,357 |
| Net Income Common Stockholders | $556,829 | $-361,016 | $3,032,577 | $3,067,290 |
| Net Income | $556,829 | $-361,016 | $3,032,577 | $3,067,290 |
| Net Income Including Noncontrolling Interests | $556,829 | $-361,016 | $3,032,577 | $3,067,290 |
| Net Income Continuous Operations | $556,829 | $-361,016 | $3,032,577 | $3,067,290 |
| Pretax Income | $991,224 | $-96,795 | $3,479,476 | $3,568,861 |
| Special Income Charges | $564,918 | $0 | $-244,713 | $-106,325 |
| Operating Income | $-953,633 | $883,411 | $4,115,653 | $3,928,682 |
| Depreciation Amortization Depletion Income Statement | $136,920 | $121,809 | $115,690 | $8,470 |
| Depreciation And Amortization In Income Statement | $136,920 | $121,809 | $115,690 | $8,470 |
| Amortization Of Intangibles Income Statement | $20,139 | $43,778 | $30,530 | $0 |
| Depreciation Income Statement | $116,781 | $78,031 | $85,160 | $8,470 |
| Gross Profit | $5,919,813 | $11,405,223 | $10,894,977 | $10,285,328 |
| Per Share | ||||
| Diluted EPS | - | $-0.02 | $0.13 | $0.14 |
| Basic EPS | - | $-0.02 | $0.13 | $0.14 |
| Other | ||||
| Tax Effect Of Unusual Items | $594,315 | $-99,664 | $-31,256 | $-14,992 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-263,257 | $1,338,625 | $4,599,642 | $4,447,729 |
| Total Unusual Items | $2,377,259 | $-398,654 | $-243,354 | $-106,325 |
| Total Unusual Items Excluding Goodwill | $2,377,259 | $-398,654 | $-243,354 | $-106,325 |
| Reconciled Depreciation | $601,862 | $480,610 | $470,120 | $433,379 |
| EBITDA (Bullshit earnings) | $2,114,002 | $939,971 | $4,356,288 | $4,341,404 |
| EBIT | $1,512,140 | $459,361 | $3,886,168 | $3,908,025 |
| Diluted NI Availto Com Stockholders | $556,829 | $-361,016 | $3,032,577 | $3,067,290 |
| Tax Provision | $434,395 | $264,221 | $446,899 | $501,571 |
| Other Special Charges | $-564,918 | - | $230,787 | $106,325 |
| Write Off | $0 | $0 | $13,926 | $0 |
| Gain On Sale Of Security | $1,812,341 | $-398,654 | $1,359 | - |
| Other Taxes | $-69,103 | $-332,795 | $78,139 | $177,922 |
| Provision For Doubtful Accounts | $-117,438 | $-27,137 | $714,383 | $564,909 |
| Amortization | $20,139 | $43,778 | $30,530 | $0 |
| Research And Development | $1,452,052 | $1,383,605 | $1,364,473 | $1,548,516 |
| Selling General And Administration | $5,471,015 | $9,376,330 | $4,506,639 | $4,056,829 |
| Other Gand A | $1,797,778 | $6,200,470 | $2,386,159 | $1,693,028 |
| Rent And Landing Fees | $147,521 | $81,538 | $80,385 | $76,923 |
| Salaries And Wages | $2,112,860 | $1,838,160 | $922,513 | $1,156,263 |
| Diluted Average Shares | - | $22,500,000 | $22,500,000 | $22,500,000 |
| Basic Average Shares | - | $22,500,000 | $22,500,000 | $22,500,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $21,496,565 | $11,962,386 | $16,005,766 | $13,744,508 |
| Total Assets | $49,125,097 | $39,305,825 | $46,697,118 | $39,633,213 |
| Total Non Current Assets | $9,131,834 | $7,452,638 | $7,185,023 | $5,780,759 |
| Other Non Current Assets | $502,105 | $406,630 | $292,962 | $144,986 |
| Non Current Deferred Assets | $622,879 | $552,966 | $559,978 | $352,771 |
| Non Current Deferred Taxes Assets | $622,879 | $552,966 | $559,978 | $352,771 |
| Non Current Accounts Receivable | $1,832,158 | $667,456 | $932,783 | $1,032,961 |
| Goodwill And Other Intangible Assets | $711,156 | $701,154 | $741,233 | $784,003 |
| Other Intangible Assets | $711,156 | $701,154 | $741,233 | $784,003 |
| Current Assets | $39,993,263 | $31,853,187 | $39,512,095 | $33,852,454 |
| Other Current Assets | $655,920 | $479,613 | - | $-11,137 |
| Current Deferred Assets | $0 | $671,321 | $788,891 | $155,000 |
| Restricted Cash | $78,959 | $200,517 | $313,235 | $161,535 |
| Prepaid Assets | $148,959 | $33,043 | $300,274 | $784,570 |
| Inventory | $4,966,677 | $5,807,439 | $7,349,955 | $6,115,700 |
| Receivables | $23,893,646 | $15,138,124 | $22,657,447 | $22,498,800 |
| Other Receivables | $9,443,679 | $1,591,188 | $3,800,588 | $3,320,230 |
| Notes Receivable | $966,447 | $381,878 | $1,985,863 | $2,346,347 |
| Accounts Receivable | $13,483,520 | $13,165,058 | $16,598,011 | $16,644,557 |
| Allowance For Doubtful Accounts Receivable | $-1,911,104 | $-1,929,117 | $-1,905,008 | $-1,341,865 |
| Gross Accounts Receivable | $15,394,624 | $15,094,175 | $18,503,019 | $17,986,422 |
| Cash Cash Equivalents And Short Term Investments | $10,249,102 | $9,523,130 | $8,102,293 | $4,136,849 |
| Cash And Cash Equivalents | $4,516,669 | $8,132,655 | $8,082,691 | $4,118,607 |
| Receivables Adjustments Allowances | - | $-11,988 | $-8,705 | $-11,137 |
| Taxes Receivable | - | $91,173 | $65,695 | - |
| Debt | ||||
| Total Debt | $13,196,809 | $12,289,550 | $12,054,940 | $8,098,359 |
| Long Term Debt And Capital Lease Obligation | $2,008,019 | $614,476 | $763,934 | $2,097,372 |
| Long Term Debt | $1,773,176 | $614,476 | $763,934 | $2,097,372 |
| Current Debt And Capital Lease Obligation | $11,188,790 | $11,675,074 | $11,291,006 | $6,000,987 |
| Current Debt | - | - | $140,847 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $26,917,376 | $26,642,285 | $29,950,119 | $25,104,702 |
| Total Non Current Liabilities Net Minority Interest | $2,380,961 | $790,906 | $1,201,589 | $2,505,914 |
| Non Current Deferred Liabilities | $372,942 | $176,430 | $437,655 | $408,542 |
| Non Current Deferred Taxes Liabilities | $372,942 | $176,430 | $437,655 | $408,542 |
| Current Liabilities | $24,536,415 | $25,851,379 | $28,748,530 | $22,598,788 |
| Current Deferred Liabilities | $128,192 | $221,770 | $225,526 | $223,569 |
| Payables And Accrued Expenses | $12,887,696 | $12,650,787 | $14,956,055 | $15,699,657 |
| Payables | $11,264,781 | $9,104,906 | $12,456,347 | $13,078,891 |
| Other Payable | $384,114 | $218,720 | $238,862 | $334,262 |
| Total Tax Payable | $313,552 | $212,385 | $115,207 | $492,980 |
| Income Tax Payable | $1,652 | $1,652 | $1,652 | $384,017 |
| Accounts Payable | $10,567,115 | $8,673,801 | $12,076,793 | $11,868,593 |
| Current Notes Payable | - | $0 | $140,847 | $0 |
| Other Current Liabilities | - | - | $2,275,943 | $674,575 |
| Dividends Payable | - | - | $0 | $383,056 |
| Equity | ||||
| Common Stock Equity | $22,207,721 | $12,663,540 | $16,746,999 | $14,528,511 |
| Total Equity Gross Minority Interest | $22,207,721 | $12,663,540 | $16,746,999 | $14,528,511 |
| Stockholders Equity | $22,207,721 | $12,663,540 | $16,746,999 | $14,528,511 |
| Gains Losses Not Affecting Retained Earnings | $1,368,373 | $650,037 | $862,508 | $1,029,363 |
| Other Equity Adjustments | $1,368,373 | $650,037 | $862,508 | $1,029,363 |
| Retained Earnings | $11,816,891 | $11,372,477 | $15,243,465 | $12,858,122 |
| Other | ||||
| Ordinary Shares Number | $22,690,000 | $22,500,000 | $22,500,000 | $22,500,000 |
| Share Issued | $22,690,000 | $22,500,000 | $22,500,000 | $22,500,000 |
| Tangible Book Value | $21,496,565 | $11,962,386 | $16,005,766 | $13,744,508 |
| Invested Capital | $23,980,897 | $13,278,016 | $17,651,780 | $16,625,883 |
| Working Capital | $15,456,848 | $6,001,808 | $10,763,565 | $11,253,666 |
| Capital Lease Obligations | $528,646 | $0 | - | - |
| Total Capitalization | $23,980,897 | $13,278,016 | $17,510,933 | $16,625,883 |
| Additional Paid In Capital | $8,295,213 | $0 | $0 | $0 |
| Capital Stock | $727,244 | $641,026 | $641,026 | $641,026 |
| Common Stock | $727,244 | $641,026 | $641,026 | $641,026 |
| Long Term Capital Lease Obligation | $234,843 | $0 | - | - |
| Current Deferred Revenue | $128,192 | $221,770 | $225,526 | $223,569 |
| Current Capital Lease Obligation | $293,803 | $0 | - | - |
| Current Provisions | $331,737 | $1,303,748 | $2,275,943 | $674,575 |
| Current Accrued Expenses | $1,622,915 | $3,545,881 | $2,499,708 | $2,620,766 |
| Net PPE | $5,463,536 | $5,124,432 | $4,658,067 | $3,466,038 |
| Accumulated Depreciation | $-5,179,402 | $-4,554,003 | $-4,287,474 | $-4,009,207 |
| Gross PPE | $10,642,938 | $9,678,435 | $8,945,541 | $7,475,245 |
| Construction In Progress | $698,462 | $702,746 | $1,222,508 | $0 |
| Other Properties | $483,431 | - | - | - |
| Machinery Furniture Equipment | $6,695,114 | $6,325,787 | $5,105,949 | $4,330,106 |
| Buildings And Improvements | $2,765,931 | $2,649,902 | $2,617,084 | $3,145,139 |
| Inventories Adjustments Allowances | $-1,614,284 | $-1,247,384 | $-1,069,201 | $-862,736 |
| Other Inventories | $262,291 | $939,404 | $1,772,586 | $524,305 |
| Finished Goods | $696,160 | $1,065,709 | $919,422 | $996,825 |
| Work In Process | $2,022,375 | $1,876,800 | $2,449,175 | $2,959,286 |
| Raw Materials | $3,600,135 | $3,172,910 | $3,277,973 | $2,498,020 |
| Other Short Term Investments | $5,732,433 | $1,390,475 | $19,602 | $18,242 |
| Dueto Related Parties Current | - | $0 | $25,485 | $0 |
| Duefrom Related Parties Current | - | $0 | $215,995 | $198,803 |
| Leases | - | - | - | $131,375 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-2,166,901 | $4,379,320 | $1,574,285 | $-1,463,115 |
| Operating Activities | ||||
| Operating Cash Flow | $-1,708,680 | $5,457,591 | $3,332,852 | $-1,002,737 |
| Cash Flow From Continuing Operating Activities | $-1,708,680 | $5,457,591 | $3,332,852 | $-1,002,737 |
| Operating Gains Losses | $-38,286 | $-9,962 | $13,926 | - |
| Investing Activities | ||||
| Capital Expenditure | $-458,221 | $-1,078,271 | $-1,758,567 | $-460,378 |
| Investing Cash Flow | $-11,033,445 | $-2,821,353 | $-1,759,266 | $-431,324 |
| Cash Flow From Continuing Investing Activities | $-11,033,445 | $-2,821,353 | $-1,759,266 | $-431,324 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $9,612,781 | $0 | $0 | - |
| Financing Cash Flow | $8,821,775 | $-2,585,153 | $2,707,362 | $524,086 |
| Cash Flow From Continuing Financing Activities | $8,821,775 | $-2,585,153 | $2,707,362 | $524,086 |
| Net Other Financing Charges | $-565,937 | $170,482 | $-625,597 | $-205,392 |
| Cash Dividends Paid | $0 | $-3,377,564 | $-630,785 | $0 |
| Common Stock Dividend Paid | $0 | $-3,377,564 | $-630,785 | $0 |
| Net Common Stock Issuance | $9,612,781 | $0 | $0 | - |
| Common Stock Issuance | $9,612,781 | $0 | $0 | - |
| Other | ||||
| Repayment Of Debt | $-14,974,782 | $-13,907,349 | $-8,939,750 | $-10,646,376 |
| Issuance Of Debt | $14,749,713 | $14,529,278 | $12,903,494 | $11,375,854 |
| Interest Paid Supplemental Data | $473,435 | $530,185 | $455,457 | $339,164 |
| Income Tax Paid Supplemental Data | $204,455 | $557,354 | $954,109 | $703,035 |
| End Cash Position | $4,771,924 | $8,333,172 | $8,395,926 | $4,280,142 |
| Beginning Cash Position | $8,333,172 | $8,395,926 | $4,280,142 | $5,613,721 |
| Effect Of Exchange Rate Changes | $359,102 | $-113,839 | $-165,164 | $-423,604 |
| Changes In Cash | $-3,920,350 | $51,085 | $4,280,948 | $-909,975 |
| Net Issuance Payments Of Debt | $-225,069 | $621,929 | $3,963,744 | $729,478 |
| Net Long Term Debt Issuance | $-225,069 | $621,929 | $3,963,744 | $729,478 |
| Long Term Debt Payments | $-14,974,782 | $-13,907,349 | $-8,939,750 | $-10,646,376 |
| Long Term Debt Issuance | $14,749,713 | $14,529,278 | $12,903,494 | $11,375,854 |
| Net Investment Purchase And Sale | $-10,684,092 | $-1,769,528 | $-1,360 | $4,404 |
| Sale Of Investment | $10,298,313 | $0 | $0 | $4,404 |
| Purchase Of Investment | $-20,982,405 | $-1,769,528 | $-1,360 | - |
| Net PPE Purchase And Sale | $-349,353 | $-1,051,825 | $-1,757,906 | $-435,728 |
| Sale Of PPE | $108,868 | $26,446 | $661 | $24,650 |
| Purchase Of PPE | $-458,221 | $-1,078,271 | $-1,758,567 | $-460,378 |
| Change In Working Capital | $-964,749 | $4,893,938 | $-943,570 | $-5,314,793 |
| Change In Other Working Capital | $-95,371 | $-2,147 | $2,005 | $-177,163 |
| Change In Other Current Liabilities | $-956,042 | $-923,120 | $1,624,975 | $640,593 |
| Change In Other Current Assets | $-113,532 | $-137,651 | $-152,523 | $411,320 |
| Change In Payables And Accrued Expense | $314,319 | $-2,065,067 | $96,722 | $5,932,056 |
| Change In Payable | $314,319 | $-2,065,067 | $96,722 | $5,932,056 |
| Change In Account Payable | $314,319 | $-1,926,096 | $-44,503 | $5,932,056 |
| Change In Prepaid Assets | $-49,849 | $-103,469 | $434,025 | $-443,793 |
| Change In Inventory | $803,486 | $1,158,627 | $-1,636,282 | $-2,166,583 |
| Change In Receivables | $-867,760 | $6,966,765 | $-1,312,492 | $-9,511,223 |
| Changes In Account Receivables | $306,867 | $2,959,961 | $-1,017,999 | $-6,746,703 |
| Other Non Cash Items | $-564,918 | $137,596 | - | - |
| Unrealized Gain Loss On Investment Securities | $-1,631,751 | $398,654 | $0 | $0 |
| Provisionand Write Offof Assets | $186,396 | $183,240 | $946,099 | $761,172 |
| Deferred Tax | $145,937 | $-265,469 | $-186,300 | $50,215 |
| Deferred Income Tax | $145,937 | $-265,469 | $-186,300 | $50,215 |
| Depreciation Amortization Depletion | $601,862 | $480,610 | $470,120 | $433,379 |
| Depreciation And Amortization | $601,862 | $480,610 | $470,120 | $433,379 |
| Amortization Cash Flow | $20,139 | $20,116 | $20,442 | $21,511 |
| Amortization Of Intangibles | $20,139 | $20,116 | $20,442 | $21,511 |
| Depreciation | $581,723 | $460,494 | $449,678 | $411,868 |
| Gain Loss On Sale Of PPE | $-38,286 | $-9,962 | $13,926 | $0 |
| Net Income From Continuing Operations | $556,829 | $-361,016 | $3,032,577 | $3,067,290 |