MaxsMaking (MAMK) Registration Filing summary

Company overview and business model

• Manufactures customized consumer goods, focusing on small-batch textile products for B2B and B2C markets, leveraging proprietary technology and digital production systems.

• Operations are based in China, with headquarters in Shanghai and production facilities in Yiwu and Zhumadian.

• Offers a diverse product range including bags, aprons, tablecloths, and promotional items, serving enterprises, schools, government agencies, and e-commerce sellers.

• Emphasizes sustainable materials and production methods, with a commitment to environmental and social responsibility.

• Strategic goal is to become a leading global supplier in the customized consumer goods sector, focusing on B2B and C2M models.

Financial performance and metrics

• Fiscal year ended October 31, 2024 revenue was $21.43 million, down 18.38% from $26.26 million in 2023, mainly due to decreased sales in Mainland China and North America.

• Gross profit for 2024 was $3.97 million (gross margin 18.52%), up from 16.04% in 2023 due to a higher proportion of overseas sales.

• Net income for 2024 was $1.88 million, a 4.93% decrease from $1.98 million in 2023.

• As of October 31, 2024, cash was $0.18 million, with total assets of $17.67 million and total liabilities of $9.41 million.

• Working capital as of October 31, 2024 was $9.10 million, with short-term bank loans of $2.79 million and long-term loans of $1.39 million.

Use of proceeds and capital allocation

• Net proceeds of approximately $8.19 million expected, assuming a $4.50 per share IPO price.

• 45% allocated to expanding production facilities and equipment, 20% for strategic investments and acquisitions, 15% for new hires, 12% for marketing, and 8% for product and software R&D.

• Proceeds to be transferred to PRC subsidiaries via capital contributions or loans, subject to PRC regulatory approvals.