Li Bang International Corp Inc. (NASDAQ: LBGJ)

Li Bang International Corporation Inc. is a holding company that designs, develops, produces, and sells stainless steel commercial kitchen equipment in China through its operating subsidiaries. The company provides comprehensive services from commercial kitchen design and equipment installation to after-sales maintenance. It operates a production facility exceeding 10,000 square meters in Jiangyin City, Jiangsu Province, and focuses on research and development to maintain technological advantages in its product line.

Li Bang International Corporation Inc. generates revenue primarily through the sale of its stainless steel commercial kitchen appliances under the "Li Bang" brand. Revenue also comes from integrated services including design, installation, and after-sales support, which are not billed separately but are part of the overall project contracts. The company serves medium- to high-end customers such as international hotels, enterprises, public institutions, educational institutions, and hospitals, mainly through bidding on commercial kitchen projects.

Li Bang International Corporation Inc. operates through the following segments: Li Bang Kitchen Appliance, Suzhou Deji, Wuxi Li Bang, Yangzhou Bangshijie, and Nanjing Bangshijie.

• Li Bang Kitchen Appliance: This segment is responsible for the research, development, production, and sale of stainless steel commercial kitchen appliances under the Li Bang brand. It manufactures products such as intelligent stoves, pressure cookers, steam cabinets, fume purification systems, and waste processors. The segment holds multiple registered trademarks and patents related to its core product technologies and innovations.

• Suzhou Deji: This segment specializes in kitchen engineering and installation services for commercial projects. It provides customized design solutions, mechanical and electrical planning, and on-site installation of kitchen equipment. Suzhou Deji holds professional qualifications for engineering construction and installation, enabling it to execute independent project work for clients in sectors such as hospitals, schools, and hotels.

• Wuxi Li Bang: This segment focuses on the production and supply of commercial kitchen appliances and related components. It operates manufacturing facilities that produce cooking machinery, food preparation equipment, and stainless steel kitchen accessories. Wuxi Li Bang maintains long-term supplier relationships for raw materials such as steel plates and electric components to support stable production output.

• Yangzhou Bangshijie: This segment provides after-sales maintenance, technical support, and service upgrades for installed kitchen equipment. It offers on-site service within 72 hours, technical consultation, training, and remote monitoring through cloud-based systems. The segment has established branch offices in Nanjing, Suzhou, Shanghai, and Yangzhou to support regional clients and enhance service responsiveness.

• Nanjing Bangshijie: This segment supports after-sales service operations and contributes to customer retention through ongoing technical assistance and equipment upgrades. It assists in post-sale upgrades, fault diagnostics, and remote monitoring of equipment performance. The segment works alongside other subsidiaries to deliver a comprehensive service lifecycle from installation to long-term maintenance.

Li Bang International Corporation Inc. holds a competitive position in the commercial kitchen appliance industry in China, particularly in the Yangtze River Delta region. The company differentiates itself through its integrated product and service offerings, in-house R&D capabilities, and recognition such as inclusion in the Government Energy-Saving Equipment Catalog. It faces direct competition from firms including Shanghai Jiuzong Restaurant Equipment Co., Ltd., Hangzhou Jiulong Kitchenware Manufacturing Co., Ltd., and Wuxi Jinda Kitchen Equipment Co., Ltd., but maintains advantages through its technological innovations and certifications.

Li Bang International Corporation Inc. serves international hotels such as Shanghai Guangfulin Hilton Hotel, Changshu Longteng Hilton Hotel, Chongqing Conrad Hotel, and Yancheng Marriott Hotel. Its customer base also includes schools and educational institutions, hospitals, state-owned enterprises, and private companies across China. The company has established long-term business relationships with over one hundred organizations nationwide through participation in government and public procurement bidding processes.