MAMK on Nasdaq

MaxsMaking Inc.

MaxsMaking Inc. is a miscellaneous fabricated textile products company in the British Virgin Islands.1 It is headquartered in Shanghai, China.1 Its shares trade on Nasdaq under the symbol MAMK.1

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Last updated Oct 20, 2026.

Overview

$29.2MRevenue, fiscal 20252
$2.0KNet income, fiscal 20252

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  • TickerMAMK on Nasdaq1
  • IndustryMiscellaneous Fabricated Textile Products1
  • HeadquartersShanghai, China1
  • Incorporated inVirgin Islands, British3
  • Business addressNo. 1288 Zhennan Rd., Kangjian Business Plaza, Bldg 2, Rm 903, Shanghai, F4 0000003
  • Filer category, Emerging growth company3

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September 2024, we incorporated MaxsMaking USA INC in California, U.S. as a wholly-owned subsidiary of MaxsMaking Inc.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

9.0%Gross margin2
0.4%Operating margin2
0.0%Net margin2
36.3%Revenue growth, 20252
0.0%Return on equity2
0.19×Debt to equity2
-$5.3MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

[Canada] brought in 91% of the revenue MaxsMaking Inc. broke down this way in fiscal 2025.

  1. [Canada]$26.6M291%up 54% from 2024
  2. Europe$1.3M24%down 30% from 2024
  3. Asia$810.4K23%down 59% from 2024
  4. North America$345.3K21%up 25% from 2024
  5. South America$62.9K20%up 109% from 2024
  6. Africa$51.1K20%up 159% from 2024
  7. Rest of the world$41.2K20%up 147% from 2024
Regions by year
Regions202320242025
[Canada]$22.8M$17.3M$26.6M
Europe$1.4M$1.8M$1.3M
Asia$1.2M$2.0M$810.4K
North America$618.8K$276.7K$345.3K
South America$165.1K$30.2K$62.9K
Africa$25.8K$19.8K$51.1K
Rest of the world$31.7K$16.6K$41.2K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue91¢$26.6M
  • Research and development2¢$650.6K
  • Other costs6¢$1.7M
  • Interest1¢$159.2K
  • Income tax0¢$67.4K
  • Profit0¢$2.0K

Out of $29.2M in revenue.2

Financial statements

Revenue2$29.2M in 2025+11% since 2023
0$10.0M$20.0M$30.0M2023: $26.3M$26.3M20232024: $21.4M$21.4M2024−18%2025: $29.2M$29.2M2025+36%
Gross profit2$2.6M in 2025−38% since 2023
0$2.0M$4.0M$6.0M2023: $4.2M$4.2M20232024: $4.0M$4.0M2024−6%2025: $2.6M$2.6M2025−34%
Operating income2$103.6K in 2025−96% since 2023
0$1.0M$2.0M$3.0M2023: $2.4M$2.4M20232024: $2.2M$2.2M2024−8%2025: $103.6K$103.6K2025−95%
Net income2$2.0K in 2025−100% since 2023
0$500.0K$1.0M$1.5M$2.0M2023: $1.9M$1.9M20232024: $1.8M$1.8M2024−5%2025: $2.0K$2.0K2025−100%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-10-312024-10-312023-10-31
Revenues$29.2M$21.4M$26.3M
Cost of revenues-$26.6M-$17.5M-$22.0M
Gross profit$2.6M$4.0M$4.2M
Sales and marketing expenses-$462.3K-$606.4K-$490.2K
General and administrative expenses-$1.4M-$600.7K-$571.4K
Research and development expenses-$650.6K-$559.0K-$740.8K
Total operating expenses-$2.5M-$1.8M-$1.8M
Income from operations$103.6K$2.2M$2.4M
Interest expenses-$159.2K-$151.3K-$69.6K
Interest income$223$548$1.2K
Other income$85.1K$95.8K$87.4K
Exchange gain (loss)$72.4K$17.3K-$2.1K
Other expenses-$16.6K-$16.8K-$140.0K
Income before income tax provision$85.6K$2.1M$2.3M
Income tax expense-$67.4K-$269.0K-$307.4K
Net income$18.1K$1.9M$2.0M
Less: Net income attributable to non-controlling interest$16.1K$67.5K$69.0K
Net income attributable to MaxsMaking Inc.$2.0K$1.8M$1.9M
Foreign currency translation adjustment$52.7K$36.7K-$39.4K
Comprehensive income$70.8K$1.9M$1.9M
Less: comprehensive income (loss) attributable to non-controlling interests$832-$839-$7.8K
Comprehensive (loss) income attributable to MaxsMaking Inc.$70.0K$1.9M$1.9M

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Corporate structure

MaxsMaking Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of MaxsMaking Inc.

  • ThriveNova Inc. Filed SCHEDULE 13G on MaxsMaking Inc., latest Dec 4, 2025
  • MaxsMaking Inc. Shanghai, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What MaxsMaking Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$290.7K2 Oct 31, 2025$225.1K2 Oct 31, 2024+29.1%
Accumulated depreciation$137.5K2 Oct 31, 2025$106.0K2 Oct 31, 2024+29.7%
Property and equipment, net$153.3K2 Oct 31, 2025$119.1K2 Oct 31, 2024+28.7%
Operating-lease assets (leased space)$71.5K2 Oct 31, 2025$86.4K2 Oct 31, 2024−17.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$122.4K2 Oct 31, 2025$176.2K2 Oct 31, 2024−30.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$6.4K2 Oct 31, 2025$7.4K2 Oct 31, 2024−13.3%
Finite-lived intangibles, gross$10.2K2 Oct 31, 2025$10.2K2 Oct 31, 2024+0.5%
Accumulated amortization$3.8K2 Oct 31, 2025$2.8K2 Oct 31, 2024+37.6%
Finite-lived intangibles, net$6.4K2 Oct 31, 2025

Inventory

ItemLatestA year beforeChange
Inventory, total$6.5M2 Oct 31, 2025$2.6M2 Oct 31, 2024+147.0%
Raw materials$2.4M2 Oct 31, 2025$1.6M2 Oct 31, 2024+50.7%
Finished goods$4.1M2 Oct 31, 2025$1.1M2 Oct 31, 2024+288.8%

Leadership

Who has led MaxsMaking Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Xiaozhong Lin2026–now

Chief financial officer

  1. Jianbin Chen2026–now

Chief operating officer

  1. Xuefen Zhang2026–now
Board members and other officers (4)

Timeline

  1. Mar 18, 2026New chief executive Xiaozhong Lin becomes CEO5

Filings

45 filings to the SEC since October 2021: 1 annual reports, 5 insider forms, 1 large holders, 38 other. The latest 20:

  1. Oct 1, 2026F-4 REGISTRATION STATEMENT EDGAR
  2. Oct 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Aug 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Aug 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Jul 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Mar 23, 20263 EDGAR
  7. Mar 20, 20263 EDGAR
  8. Mar 20, 20263 EDGAR
  9. Mar 18, 20263 EDGAR
  10. Mar 18, 20263 EDGAR
  11. Mar 4, 202620-F ANNUAL REPORT EDGAR
  12. Mar 3, 2026NT 20-F NOTIFICATION OF LATE FILING EDGAR
  13. Dec 4, 2025SCHEDULE 13G EDGAR
  14. Nov 3, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Sep 30, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Jul 11, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Jul 8, 2025424B4 PROSPECTUS EDGAR
  18. Jul 3, 2025EFFECT EDGAR
  19. Jul 3, 2025CERT EDGAR
  20. Jul 3, 20258-A12B FOR REGISTRATION OF CERTAIN CLASSES EDGAR

The 45 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How MaxsMaking Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMaxsMaking Inc.1
  • CIK0002008007
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inBritish Virgin Islands4
  • Fiscal year endsOctober 311
  • Industry code (SIC)2390 Miscellaneous Fabricated Textile Products1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business addressNo. 1288 Zhennan Rd., Kangjian Business Plaza, Bldg 2, Rm 903, Shanghai, F4 0000001
  • Phone021629902231
  • Shares outstanding9,200,000 Common Class A shares; 7,425,000 Common Class B shares as of Oct 31, 20254
  • AuditorEnrome LLP, Singapore PCAOB ID 6907; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 7, 20241
  • Filings45 in all: CORRESP (10), 6-K (7), 3 (5), F-1/A (4), UPLOAD (4), DRS/A (2), DRSLTR (2), 20-F (1)1
    All 18 form types

    424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1), F-4 (1), FWP (1), NT 20-F (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Mar 4, 2026

Securities registered for trading

ClassSymbolExchange
A shares, par value $0.01 per shareMAMKThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Mar 4, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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