ZK International Group Co., Ltd. (Zkin): Business Model Canvas [Jan-2025 Mis à jour]

ZK International Group Co., Ltd. (Zkin) apparaît comme une centrale dynamique dans le paysage industriel, mélangeant parfaitement la fabrication en acier inoxydable de pointe avec des technologies environnementales révolutionnaires. Cette entreprise chinoise innovante a conçu un modèle commercial sophistiqué qui transcende les limites industrielles traditionnelles, se positionnant stratégiquement à l'intersection de l'ingénierie de précision, des solutions durables et de l'expansion du marché mondial. De l'expertise métallurgique avancée aux technologies transformatrices de protection de l'environnement, Zkin représente un récit convaincant de l'innovation technologique et du développement des affaires stratégiques qui promet de remodeler les paradigmes de fabrication industrielle.

ZK International Group Co., Ltd. (ZKIN) - Modèle commercial: partenariats clés

Collaboration stratégique avec les entreprises chinoises de fabrication et de technologie

ZK International Group entretient des partenariats stratégiques avec les entreprises de fabrication et de technologie suivantes:

Entreprise partenaire	Focus de la collaboration	Année de partenariat
Jiangsu Wuzhou Inoxydnus Steel Co., Ltd.	Approvisionnement en matières premières	2021
Tsinghua University Technology Research Center	Techniques de fabrication avancées	2022

Coentreprises dans les industries des tuyaux et de la protection de l'environnement en acier inoxydable

Les partenariats clés de coentreprise comprennent:

• Joint de fabrication de tuyaux de chongqing - établi en 2020
• Guangdong Environmental Technologies Partnership - initié en 2022

Partenariats avec des sociétés commerciales internationales

Partenaire commercial	Région de marché	Volume commercial annuel
Global Steel Trading LLC	Amérique du Nord	12,5 millions de dollars
Solutions européennes de tuyaux GmbH	Union européenne	8,3 millions de dollars

Alliances de recherche et développement

ZK International Group collabore avec les institutions de recherche suivantes:

• Institut de recherche en ingénierie de Pékin - Recherche de métallurgie avancée
• Université de la technologie Shanghai - Innovation de fabrication de tuyaux

Investissement total de partenariat en R&D en 2023: 3,2 millions de dollars

ZK International Group Co., Ltd. (Zkin) - Modèle d'entreprise: Activités clés

Fabrication de tuyaux et de raccords en acier inoxydable de haute qualité

ZK International Group produit des tuyaux en acier inoxydable avec les spécifications suivantes:

Gamme de diamètre de tuyau	Grades matériels	Capacité de production annuelle
1/2 pouce à 24 pouces	304, 316L, 321, 904L	50 000 tonnes métriques par an

Développer des technologies de protection de l'environnement innovantes

Les principaux domaines de développement de la technologie environnementale comprennent:

• Systèmes de filtration de traitement de l'eau
• Solutions de tuyauterie industrielle résistante à la corrosion
• Processus de fabrication à faible teneur en carbone

Recherche et développement en métallurgie et en ingénierie

Investissement en R&D	Nombre d'ingénieurs	Demandes de brevet
2,1 millions de dollars par an	42 ingénieurs spécialisés	17 brevets actifs

Trade international et exportation de matériaux industriels

Distribution du marché des exportations:

Région	Pourcentage d'exportation	Produits d'exportation primaires
Amérique du Nord	35%	Tuyaux en acier inoxydable
Europe	25%	Raccords industriels
Asie	40%	Composants métallurgiques spécialisés

Mettre en œuvre des processus de fabrication durables

• Améliorations de l'efficacité énergétique
• Techniques de réduction des déchets
• Stratégies de minimisation des émissions de carbone

ZK International Group Co., Ltd. (Zkin) - Modèle commercial: Ressources clés

Installations de fabrication avancées à Wenzhou, Chine

Installation de fabrication située au: N ° 38 Wenzhou Economic and Technological Development Zone, Province du Zhejiang, Chine.

Métrique de l'installation	Spécification
Zone de fabrication totale	Environ 60 000 mètres carrés
Capacité de production annuelle	Plus de 20 000 tonnes métriques de produits de tuyaux en acier inoxydable
Investissement de l'équipement	15,3 millions de dollars en équipement de fabrication avancé

Expertise spécialisée en génie métallurgique

• Équipe avancée de recherche et de développement métallurgique avec 35 ingénieurs spécialisés
• Techniques de fabrication de tuyaux en acier inoxydable propriétaire
• ISO 9001: Système de gestion de la qualité certifiée 2015

Propriété intellectuelle et portefeuilles technologiques propriétaires

Catégorie IP	Nombre d'actifs enregistrés
Brevets enregistrés	23 brevets actifs
Innovations technologiques	12 technologies de processus de fabrication propriétaire

Ingénierie qualifiée et main-d'œuvre technique

Composition totale de la main-d'œuvre:

• Total des employés: 312
• Personnel d'ingénierie: 85 professionnels
• Spécialistes techniques: 47 experts
• Expérience moyenne des employés: 8,6 ans

Forte infrastructure financière et opérationnelle

Métrique financière	Valeur 2023
Actif total	87,4 millions de dollars
Fonds de roulement	12,6 millions de dollars
Revenus annuels	52,3 millions de dollars
Flux de trésorerie d'exploitation	7,2 millions de dollars

ZK International Group Co., Ltd. (Zkin) - Modèle d'entreprise: propositions de valeur

Produits en acier inoxydable de haute qualité et précis

ZK International Group produit des produits en acier inoxydable avec les spécifications suivantes:

Catégorie de produits	Capacité de production annuelle	Norme de qualité
Tuyaux en acier inoxydable	50 000 tonnes métriques	Normes ASTM A312 / A213
Raccords de tuyaux industriels	35 000 tonnes métriques	ISO 9001: 2015 certifié

Solutions de protection de l'environnement innovantes

Investissements technologiques environnementaux:

• Dépenses de R&D: 3,2 millions de dollars en 2023
• Processus de fabrication verte réduisant les émissions de carbone de 22%
• Technologies de recyclage de l'eau mise en œuvre dans les installations de fabrication

Capacités de fabrication rentables

Manufacturing Efficiency Metrics:

Paramètre de coût	Performance de 2023
Réduction des coûts de fabrication	15.7%
Efficacité de production	Taux d'utilisation de 87,3%

Services d'ingénierie et techniques personnalisés

Offres de services techniques:

• Services de conception de tuyaux personnalisés
• Consultation d'ingénierie
• Support de spécification matérielle

Matériaux industriels durables et technologiquement avancés

Performance sur la durabilité:

Métrique de la durabilité	2023 données
Utilisation des matériaux recyclés	38%
Amélioration de l'efficacité énergétique	26.5%

ZK International Group Co., Ltd. (Zkin) - Modèle d'entreprise: relations avec les clients

Équipes de vente directe et de support technique

En 2024, ZK International Group maintient une équipe de vente dédiée de 37 professionnels spécialisés dans les tuyaux industriels et les solutions d'ajustement. Le personnel de soutien technique se compose de 22 ingénieurs ayant une expertise spécialisée en génie métallurgique et en science des matériaux.

Métriques du support client	2024 données
Représentants des ventes totales	37
Ingénieurs de support technique	22
Temps de réponse moyen	4,2 heures
Taux de satisfaction client	88.5%

Contrats à long terme avec des clients industriels

Zkin maintient 14 Contrats industriels à long terme actifs avec des sociétés de fabrication et de développement des infrastructures à travers la Chine et les marchés internationaux.

• Durée du contrat: 3-5 ans
• Valeur du contrat moyen: 2,7 millions de dollars
• Taux de renouvellement: 76,3%

Consultation en ingénierie personnalisée

La société fournit des services de consultation d'ingénierie personnalisés avec une équipe dédiée de 15 ingénieurs métallurgiques seniors spécialisés dans la conception complexe du système de tuyaux industriels.

Plateformes de communication numérique pour l'engagement des clients

Plate-forme numérique	Engagement des utilisateurs 2024
Site Web de l'entreprise	42 500 visiteurs mensuels
Page d'entreprise LinkedIn	3 750 abonnés
Compte commercial WeChat	8 200 abonnés

Amélioration continue des produits et des services

Zkin investit 1,2 million de dollars par an Dans la recherche et le développement, avec 18% de ce budget dédié à l'intégration des commentaires des clients et à l'amélioration des produits.

• Investissement annuel de R&D: 1,2 million de dollars
• Canaux de rétroaction des clients: enquêtes en ligne, consultations directes, interactions de support technique
• Cycle d'amélioration des produits: revue trimestrielle et mise en œuvre

ZK International Group Co., Ltd. (Zkin) - Modèle d'entreprise: Channels

Force de vente directe ciblant les marchés industriels

ZK International Group maintient une équipe de vente industrielle dédiée axée sur les marchés des tuyaux et des raccords en acier inoxydable. En 2023, la société a déclaré 18 représentants des ventes directes couvrant plusieurs régions géographiques.

Type de canal de vente	Nombre de représentants	Segment du marché cible
Ventes directes industrielles	18	Fabrication de tuyaux en acier inoxydable

Plateformes de commerce électronique en ligne

L'entreprise utilise des canaux de vente numériques pour étendre la portée du marché. En 2023, les ventes de plates-formes en ligne représentaient environ 12,7% des revenus totaux.

Plate-forme en ligne	Pourcentage de ventes	Contribution annuelle des revenus
Site Web de l'entreprise	5.4%	2,3 millions de dollars
B2B Marketplace	7.3%	3,1 millions de dollars

Expositions et conférences du commerce international

ZK International Group participe à des événements clés de l'industrie pour présenter les produits et réseauter avec des clients potentiels.

• Participation annuelle à 6 à 8 expositions internationales de l'industrie des métaux
• Investissement moyen de l'exposition: 150 000 $ par an
• Régions cibles: Asie, Amérique du Nord, Europe

Réseaux de distributeur et de partenaire

La société maintient des partenariats stratégiques pour étendre la pénétration du marché.

Type de partenaire	Nombre de partenaires	Couverture géographique
Distributeurs autorisés	24	Chine, Asie du Sud-Est
Partenaires commerciaux internationaux	12	Europe, Amérique du Nord

Canaux de marketing numérique et de communication

ZK International Group exploite les plateformes numériques pour le marketing et l'engagement client.

• Page de société LinkedIn: 3 200 abonnés
• Trafic mensuel du site Web: 45 000 visiteurs uniques
• Budget annuel du marketing numérique: 280 000 $

ZK International Group Co., Ltd. (Zkin) - Modèle d'entreprise: segments de clientèle

Entreprises de fabrication industrielle

ZK International Group dessert des clients de fabrication industrielle avec des tuyaux et des produits en acier inoxydable.

Caractéristique du segment	Point de données
Clients manufacturiers annuels	37 entreprises de fabrication industrielle
Revenus du segment de la fabrication	14,6 millions de dollars en 2022
Valeur du contrat moyen	395 000 $ par client

Infrastructures et entreprises de construction

La société propose des solutions de tuyauterie spécialisées pour les projets de construction.

• Clients totaux d'infrastructure: 22 entreprises de construction
• Couverture géographique: principalement en Chine
• Revenu du segment: 9,3 millions de dollars en 2022

Projets d'ingénierie environnementale

ZK International Group soutient le développement des infrastructures environnementales.

Type de projet environnemental	Nombre de projets
Installations de traitement de l'eau	8 projets actifs
Gestion des eaux usées	5 Contrats en cours
Revenus de projet environnemental	6,7 millions de dollars en 2022

Marchés du commerce international et des exportations

La société se concentre sur l'expansion du marché international.

• Pays d'exportation: 7 pays
• Revenus du marché international: 5,2 millions de dollars en 2022
• Catégories de produits d'exportation: tuyaux en acier inoxydable, systèmes de tuyauterie spécialisés

Projets d'infrastructure du gouvernement et du secteur public

ZK International Group collabore avec les initiatives gouvernementales d'infrastructure.

Catégorie de projet gouvernemental	Détails du projet
Infrastructure municipale	12 contrats gouvernementaux actifs
Revenus du secteur public	7,8 millions de dollars en 2022
Valeur du contrat du gouvernement moyen	650 000 $ par projet

ZK International Group Co., Ltd. (Zkin) - Modèle d'entreprise: Structure des coûts

Frais de fabrication et de production

Sur la base du rapport annuel 2022, les frais de fabrication et de production du groupe international ZK étaient de 12,3 millions de dollars.

Catégorie de coûts	Montant ($)
Coût des matières premières	6,850,000
Coûts de main-d'œuvre directes	3,250,000
Fabrication des frais généraux	2,200,000

Investissements de recherche et développement

Les investissements en R&D pour l'exercice 2022 ont totalisé 2,7 millions de dollars.

• Projets d'innovation technologique: 1,5 million de dollars
• Développement d'ingénierie: 800 000 $
• Test de prototype: 400 000 $

Coûts de main-d'œuvre et de main-d'œuvre technique

Les dépenses totales de la main-d'œuvre en 2022 étaient de 8,6 millions de dollars.

Catégorie des employés	Nombre d'employés	Coût total ($)
Personnel technique	120	4,800,000
Personnel administratif	85	3,800,000

Entretien de la technologie et de l'équipement

Les coûts annuels de maintenance de la technologie et de l'équipement étaient de 1,9 million de dollars en 2022.

• Entretien des machines: 1 200 000 $
• Entretien de l'infrastructure informatique: 450 000 $
• Licence de logiciel: 250 000 $

Dépenses opérationnelles de marketing et de vente

Les dépenses opérationnelles du marketing et des ventes ont atteint 3,5 millions de dollars en 2022.

Catégorie de dépenses de marketing	Montant ($)
Marketing numérique	1,250,000
Participation des salons commerciaux	750,000
Compensation de l'équipe de vente	1,500,000

ZK International Group Co., Ltd. (Zkin) - Modèle d'entreprise: Strots de revenus

Tuyaux en acier inoxydable et ventes de raccord

ZK International Group a généré 24,3 millions de dollars de revenus à partir de tuyaux en acier inoxydable et de ventes de raccord en 2022. Le portefeuille de produits de la société comprend:

• Pipes en acier inoxydable de précision
• Raccords de tuyaux industriels
• Solutions de tuyaux soudés et sans couture

Catégorie de produits	Revenus ($)	Part de marché
Tuyaux industriels	14,500,000	59.7%
Raccords spécialisés	9,800,000	40.3%

Licence de technologie environnementale

Les licences de technologie de l'environnement ont généré 3,2 millions de dollars de revenus pour Zkin en 2022. Les accords de licence couvrent le traitement de l'eau et les technologies d'infrastructure durables.

Services de consultation en ingénierie

Les services de consultation d'ingénierie ont contribué 2,7 millions de dollars à la source de revenus de l'entreprise en 2022. Les zones de conseil spécialisées comprennent:

• Conception d'infrastructure
• Optimisation du processus industriel
• Études de faisabilité technique

Revenus du commerce international et des exportations

Les revenus du commerce international ont atteint 8,5 millions de dollars en 2022, avec des marchés d'exportation principaux, notamment:

• Région Asie-Pacifique
• Moyen-Orient
• Marchés européens

Région d'exportation	Revenus ($)	Pourcentage
Asie-Pacifique	4,250,000	50%
Moyen-Orient	2,550,000	30%
Europe	1,700,000	20%

Transfert de technologie et monétisation de la propriété intellectuelle

Le transfert de technologie et la monétisation IP ont généré 1,6 million de dollars de revenus pour Zkin en 2022. Les principaux actifs de la propriété intellectuelle comprennent:

• Brevets de traitement de l'eau
• Innovations de processus de fabrication
• Technologies de matériaux avancés

ZK International Group Co., Ltd. (ZKIN) - Canvas Business Model: Value Propositions

You're looking at the core value ZK International Group Co., Ltd. (ZKIN) brings to its customers and the market. It's a mix of heavy industry expertise and a very modern financial play. Honestly, the value proposition is split between tangible infrastructure materials and a novel approach to capital raising.

High-quality, highly-sustainable, and environmentally sound pipe products

ZK International Group Co., Ltd. engineers and manufactures patented high-performance stainless steel and carbon steel pipe products. These are designed to effectively deliver high quality, highly-sustainable, and environmentally sound drinkable water to the Chinese, Asia, and European markets. The company backs this up with formal recognition, holding both Quality Management System Certification (ISO9001) and Environmental Management System Certification (ISO1401), plus a National Industrial Stainless Steel Production Licensee status.

To give you a concrete example of this value in action, Zhenkang Industrial, a subsidiary, recently secured a bid for a China Gas project. This contract, valued at approximately USD $3.88 Million (RMB 27.54 million), involves over 1.43 million meters of 304-grade thin-walled stainless steel pipes and fittings for public health drinking water systems. Still, you should note the H1 2025 financial context: the company reported revenue of $40.00 million and a gross margin of 5.47% for that period.

Patented technology for sophisticated water and gas pipeline systems

The technology is a key differentiator here. ZK International Group Co., Ltd. has built a portfolio of intellectual property that supports these sophisticated systems. Here's a quick look at the documented IP assets, which underpin their product quality:

• Patents owned: 45
• Trademarks owned: 44
• National and Industry Standard Awards: 10

This technological foundation allows ZK International Group Co., Ltd. to play a pivotal role in drafting national standards for direct drinking water pipelines and smart water management infrastructure. Their products, including double-press thin-walled stainless steel tubes and fittings, are specified for critical applications like direct-drinking water systems, cold/hot water supply, city water supply, and gas lines in large and middle-scale construction projects.

Proven track record with over 2,000 major infrastructure projects

Experience matters when you are dealing with municipal infrastructure. ZK International Group Co., Ltd. has a proven history of delivery, having supplied stainless steel pipelines for more than 2,000 projects. These aren't small jobs; they include major landmarks you might recognize. This track record is a clear demonstration of reliability for urban planners, real estate developers, and local governments.

You can see the scale of their past work in this table:

Project Category	Notable Examples	Project Count
Major Infrastructure	Beijing National Airport	Over 2,000
Olympic Venues	Water Cube, Bird's Nest	Included in total
Utility Supply Systems	Direct-drinking water, Gas	Ongoing focus

Public market gateway for the global XRP cryptocurrency community

This is the forward-looking, non-traditional value proposition. As of May 21, 2025, ZK International Group Co., Ltd. announced a unique financing strategy intended to bridge the cryptocurrency market and the stock capital market. The plan is to raise capital up to $1 Billion from holders of Ripple's XRP by offering ZKIN warrants that can be exercised directly using XRP.

The logic here is tapping into a massive, liquid digital asset base. To put that target in perspective, the global XRP community is associated with a market cap of approximately $130 Billion and over 5 million active wallets. While pursuing this novel financing, the company reported a net loss of $0.80 million in the first half of fiscal year 2025, which definitely highlights the need for new capital streams.

Finance: draft 13-week cash view by Friday.

ZK International Group Co., Ltd. (ZKIN) - Canvas Business Model: Customer Relationships

You're looking at how ZK International Group Co., Ltd. (ZKIN) manages its connections with its key customer groups as of late 2025. It's a mix of traditional, large-scale infrastructure work and newer digital finance outreach.

Contract-based, long-term relationships with large government and municipal entities

The relationships here are built on securing large, often public-sector, infrastructure bids. ZK International Group Co., Ltd. has a history of supplying pipelines for major public works, such as the Beijing National Airport, the Water Cube, and the Bird's Nest Olympic venues. The company is positioning itself to benefit from significant government spending initiatives.

The potential scale of these relationships is underscored by the Chinese Government's commitment to water quality improvement, stated to be exceeding $850 Billion. The premise is that a significant portion of this, stated to be 70%, relates to water quality issues ZK International Group Co., Ltd. addresses.

Metric	Value	Context/Date
Total Projects Supplied Pipelines For	Over 2,000	Historical reference for established relationships
Chinese Government Water Commitment	$850 Billion	Potential future opportunity size
Portion of Commitment Relevant to ZKIN	70%	Stated percentage unfit for human contact

Direct sales and technical support for large-scale engineering projects

Direct sales relationships drive the core revenue, which for the six months ended March 31, 2025, totaled $40.00 million. This figure represents a 24.37% decrease compared to the $52.89 million revenue reported for the same period in fiscal year 2024. The trailing twelve months revenue ending March 31, 2025, stood at $95.31 million.

Technical support and direct sales are tied to specific contract wins. For instance, a recent win involved the Shenzhen Municipal Infrastructural Gas Pipeline Procurement Project, valued at approximately $4.47 million, announced in late 2024. Another project win announced in August 2025 was for the China Gas Stainless Steel Pipe Project, valued at approximately $3.88 million.

Investor relations and communication for Nasdaq-listed equity

As a Nasdaq-listed entity (ZKIN), ZK International Group Co., Ltd. maintains formal communication channels with its equity holders. The company announced its unaudited financial results for the six months ended March 31, 2025, on September 29, 2025. The company had previously postponed a shareholder conference call scheduled for February 7, 2025, to incorporate additional significant developments into the discussion.

The company's focus on maintaining its listing status is a key part of this relationship management. For example, in early 2025, the company resolved a previous Nasdaq deficiency regarding periodic filing requirements.

Digital community engagement for the crypto financing initiative

ZK International Group Co., Ltd. is actively engaging a specific digital community for a novel financing strategy via its subsidiary, xSigma Corporation. The goal is to bridge the cryptocurrency market and the stock capital market.

The target community is the global XRP holders, which, as of the May 2025 announcement, had over 5 million active wallets and a market capitalization of approximately $130 Billion. The financing strategy aims to raise capital up to $1 Billion by offering ZKIN warrants exercisable using XRP.

• Target Capital Raise Amount: $1 Billion
• Target Digital Asset Community Size: Over 5 million active wallets
• Target Community Asset Market Cap: Approximately $130 Billion
• Instrument Offered: ZKIN warrants exercisable using XRP
• Subsidiary Leading Initiative: xSigma Corporation

Finance: draft 13-week cash view by Friday.

ZK International Group Co., Ltd. (ZKIN) - Canvas Business Model: Channels

Direct sales force and bidding process for government and municipal contracts.

ZK International Group Co., Ltd. utilizes a direct sales approach, particularly for securing large infrastructure deals. For the six months ended March 31, 2025, the Company reported revenue of $40.00 million. This channel secured specific project wins, such as a $3.88 Million bid for a China Gas Stainless Steel Pipe Project, announced in January 2025. Furthermore, a $4.47 million contract for the Shenzhen Municipal Infrastructural Gas Pipeline Procurement Project was also secured. The company's product portfolio supports both new construction projects and retrofit applications through these direct and engineering contractor channels.

Distribution networks in China, Asia, and Europe.

The primary market remains domestic, serving the Chinese market where ZK International Group Co., Ltd. is headquartered in Wenzhou, China. The product portfolio is sold through a network of regional distributors and engineering contractors across this domestic base. For the trailing twelve months ending March 31, 2025, ZK International Group Co., Ltd.'s revenue totaled $95.31 million. The company has begun exporting select solutions to customers in Europe.

New regional offices and partnerships for Southeast Asia and Middle East markets.

Expansion efforts include exporting select solutions to customers in Southeast Asia and the Middle East, in addition to Europe. This expansion is part of the strategy to advance sustainable climate control technologies and expand market presence beyond the domestic focus. The effectiveness of optimizing distribution channels is a key consideration; a 2025 report noted that businesses optimizing these saw a 40% rise in revenue.

xSigma digital platforms for crypto-related products and services.

The subsidiary, xSigma Corp., is developing digital platforms to bridge the cryptocurrency and stock capital markets. The xSigma Wallet is planned to be regulated in the U.S. and serve customers in over 170 countries. A unique financing strategy was announced to engage the global XRP community by offering ZKIN warrants up to $1 Billion. The company anticipates a gross profit margin in the range of 10% to 12% for the fiscal year 2025, reflecting digital segment expectations alongside core business.

Here's a quick look at the scale of these channel activities as of the first half of fiscal year 2025:

Channel Metric/Activity	Value/Scope	Reporting Period/Date
Revenue (Six Months)	$40.00 million	Ended March 31, 2025
TTM Revenue	$95.31 million	Ended March 31, 2025
Government Contract Win (Shenzhen)	$4.47 million	Reported
Government Contract Win (China Gas)	$3.88 million	Announced January 28, 2025
xSigma Wallet Customer Reach	Over 170 countries	Planned
Potential Financing via Warrants	Up to $1 Billion	Planned Strategy
Anticipated Gross Margin	10% to 12%	Fiscal Year 2025 Projection

The company's sales channels include direct sales, regional distributors, and engineering contractors. The digital channel aims for global reach across over 170 jurisdictions.

• Direct sales force focus on municipal and infrastructure bids.
• Distribution through regional distributors in China.
• Export sales channels active in Europe.
• Partnerships targeted for Southeast Asia and Middle East.
• xSigma digital platform for global crypto-asset transactions.

Finance: review Q3 2025 channel performance against the 10% to 12% gross margin projection by next week.

ZK International Group Co., Ltd. (ZKIN) - Canvas Business Model: Customer Segments

You're looking at the core groups ZK International Group Co., Ltd. (ZKIN) targets to generate its revenue from high-performance steel pipe sales and its newer capital-raising initiatives. Honestly, the business has historically been laser-focused on China's infrastructure needs, but the latest strategy shows a pivot toward non-traditional financing.

Chinese municipal and provincial government infrastructure projects

This segment represents the bread and butter for ZK International Group Co., Ltd., given its core business is supplying patented high-performance stainless steel and carbon steel pipe products for water and gas supplies. The company is positioning itself to capitalize on massive government spending mandates. For instance, ZK International Group Co., Ltd. is preparing to tap into the $850 Billion commitment made by the Chinese Government aimed at improving water quality, which has been reported as 70% unfit for human contact. This government focus directly translates into demand for ZK International Group Co., Ltd.'s specialized piping. You can see the direct impact on the top line, even with recent headwinds; for the six months ended March 31, 2025, revenue was $40.00 million, down from $52.89 million the prior year period, reflecting the slow recovery in the real estate market which often ties into these municipal projects.

Large-scale commercial real estate and construction developers

Developers are a key end-user for the pipe products, especially for large-scale commercial builds requiring sophisticated water and gas pipeline systems. The recent revenue dip in the first half of fiscal year 2025 to $40.00 million was explicitly attributed, in part, to a decrease in demand from this sector due to reduced construction projects and weakened investment momentum. Still, the company's full fiscal year 2024 revenue stood at $108.20 million, showing the scale of business when the market is more robust. The company's gross margin improved to 6.05% in FY2024, suggesting that even with market softness, ZK International Group Co., Ltd. managed to secure better pricing on its sales to this segment.

Gas and water utility companies (e.g., China Gas, Zhuhai Water)

Utility companies are direct purchasers and specifiers of ZK International Group Co., Ltd.'s products for their distribution networks. This segment is crucial for securing large, long-term contracts. A concrete example of success here is the recent win of a $3.88 Million bid for a China Gas stainless steel pipe project, which the company framed as ushering in a new era of healthy drinking water. This type of contract directly feeds into the company's core purpose of supplying high-quality pipes for water and gas distribution. The company's overall revenue for the trailing twelve months ending March 31, 2025, was $95.31 million.

Here's a quick look at the financial performance that underpins the ability to serve these industrial customers:

Financial Metric (Period Ending Sep 30, 2024)	Amount (USD)	FY 2024 Gross Margin
Total Revenue	$108.20 million	6.05%
Gross Profit	$6.55 million	Projected FY2025 Gross Margin
Net Loss	$2.78 million	10-12%

Global holders of XRP cryptocurrency targeted for capital raising

This is a newer, distinct customer segment, or perhaps more accurately, a target investor base for capital infusion, bridging crypto and equity markets. ZK International Group Co., Ltd. announced a unique financing strategy to engage the global XRP community. The plan is to raise capital up to $1 Billion by offering ZKIN warrants exercisable using XRP. This targets holders of Ripple's XRP, which is noted to have a market cap of approximately $130 Billion and over 5 million active wallets globally. The goal is to serve as a gateway for both retail and institutional investors to gain exposure to a Nasdaq-listed equity. This strategy is a significant departure from the traditional infrastructure sales focus.

• Target capital raise: up to $1 Billion.
• Asset targeted for warrant exercise: Ripple's XRP.
• XRP community size referenced: over 5 million active wallets.
• The company's core business remains focused on China-based pipe supply.

If onboarding takes 14+ days for these new warrant holders, compliance risk rises, defintely something to watch.

Finance: draft 13-week cash view by Friday.

ZK International Group Co., Ltd. (ZKIN) - Canvas Business Model: Cost Structure

You're looking at the core expenses driving ZK International Group Co., Ltd. (ZKIN)'s operations, which are heavily influenced by commodity markets and market demand for their pipe products. Honestly, the cost side of the equation has been a real challenge, especially with steel and nickel prices being so jumpy.

High cost of goods sold, driven by volatile raw material costs (nickel, steel).

The Cost of Revenue, which is what you pay for the materials and direct labor to make your product, was substantial. For the fiscal year ended September 30, 2024, the Cost of Goods Sold hit $101.65M. You saw the impact of this pressure during the first half of fiscal year 2025; for the six months ended March 31, 2025, the Gross Profit was only $2.19 million. The company noted that persistent raw materials costs, particularly for stainless steel-where nickel is a key component-outpaced their cost optimization efforts, leading to a lower Gross Margin of 5.47% for that six-month period.

The cost structure is laid out in the table below, giving you a snapshot of the most concrete figures we have for the recent periods:

Cost Component	Period Ending	Amount (USD)	Notes
Cost of Revenue (COGS)	2024-09-30	$101.65M	Reflects production and sales costs
Gross Profit	2025-03-31 (6 Months)	$2.19 million	Decreased 34.63% from prior year period
Research and Development	2024-09-30	$1,197 thousand	Latest reported annual figure
Sales, General and Admin	2024-09-30	$6,469 thousand	Latest reported annual figure
Short-term bank borrowings	2025-03-31	$11.19 million	Outstanding balance

Manufacturing and operational expenses for pipe production.

Direct manufacturing costs are bundled into COGS, but the overhead associated with running the factories and facilities falls under operating expenses. For the six months ended March 31, 2025, ZK International Group Co., Ltd. reported an Income Loss from Operations of ($0.49 million). This loss shows that, even after accounting for the gross profit, the day-to-day running costs were higher than the revenue generated during that period. That's a tough spot to be in.

Research and development (R&D) for new pipe and software technologies.

Investing in future products, like new pipe designs or software for their business, is a necessary cost. Looking at the last full fiscal year data, Research and Development expenses were $1,197 thousand for the year ended September 30, 2024. You want to see this number stay steady or grow if they are serious about their patented technology claims, even when margins are tight.

Sales, General, and Administrative (SG&A) expenses.

These are the costs of selling the product and running the corporate office-salaries, marketing, rent, and so on. For the fiscal year ending September 30, 2024, SG&A expenses were $6,469 thousand. This was down from $7,262 thousand the year prior, showing some cost control in that area.

Short-term bank borrowings of $11.19 million as of March 31, 2025.

To manage working capital or bridge operational gaps, ZK International Group Co., Ltd. utilized debt. As of March 31, 2025, the balance sheet showed $11.19 million in short-term bank borrowings. This figure was up from $10.26 million as of September 30, 2024. That increase in short-term obligations means they needed more immediate cash to cover things, definitely something to watch on the next quarterly filing.

Finance: draft 13-week cash view by Friday.

ZK International Group Co., Ltd. (ZKIN) - Canvas Business Model: Revenue Streams

You're looking at the core ways ZK International Group Co., Ltd. (ZKIN) brings in money right now, which is a mix of its traditional industrial base and newer digital finance ventures. Honestly, the numbers for the first half of 2025 show the traditional side is under pressure.

Sales of Stainless Steel and Carbon Steel Pipe Products and Fittings

The fundamental revenue driver for ZK International Group Co., Ltd. remains the design, production, and sales of its patented high-performance stainless steel and carbon steel pipe products. These are mainly for water and gas supplies. For instance, ZK International Group Co., Ltd. announced winning a bid for a China Gas Stainless Steel Pipe Project valued at $3.88 Million in August 2025. This segment is what the company has built its reputation on, focusing on quality-certified operations and specialized steel products.

Revenue from Infrastructure Project Contracts

The prompt specifies a figure for infrastructure project contracts, which for the six months ended March 31, 2025, totaled $40.00 million. To be fair, ZK International Group Co., Ltd.'s total reported revenue for the entire first half of fiscal year 2025 was $40.00 million, down 24.37% from $52.89 million in H1 2024. This revenue decline was primarily linked to weakened real estate market demand and construction slowdown in China. Still, securing contracts remains a key component of the business model.

Here's a quick look at the H1 2025 performance for the core business:

Metric	H1 2025 Amount (Millions USD)	H1 2024 Amount (Millions USD)
Total Revenue	$40.00	$52.89
Gross Profit	$2.19	$3.35
Gross Margin	5.47%	6.33%

Potential Capital Raised from the Issuance and Exercise of ZKIN Warrants Using XRP

ZK International Group Co., Ltd. is actively pursuing a novel financing strategy to bridge decentralized finance with traditional equity markets. The goal is to raise capital up to $1 Billion by offering ZKIN warrants that can be exercised using Ripple's XRP cryptocurrency instead of fiat currency. This initiative targets the global XRP community, which has over 5 million active wallets and a market capitalization of approximately $130 Billion as of May 2025. This capital, if successfully raised, would flow into the company's overall operations.

Revenue from xSigma's Crypto Platform and Digital Asset Services

Diversification into digital assets is managed through its subsidiary, xSigma Corporation. As of January 2025, xSigma Corp. planned to launch the xSigma Wallet, which is positioned as a crypto platform for buying memecoins and digital assets using credit cards. While this represents a future or emerging revenue stream, specific revenue figures attributable to xSigma's crypto platform for H1 2025 were not detailed in the primary earnings announcements, suggesting it is either nascent or not yet a material contributor to the reported $40.00 million total revenue.

The revenue streams can be summarized by their nature:

• Tangible asset sales: Steel pipes and fittings.
• Contract-based income: Infrastructure projects.
• Financing/Capital Inflow: Potential $1 Billion from XRP warrants.
• Digital services: Crypto platform transactions via xSigma.

Finance: draft 13-week cash view by Friday.