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ILAG on Nasdaq

Intelligent Living Application Group Inc.

Intelligent Living Application Group Inc. is a partitions company in Hong Kong.1 Its shares trade on Nasdaq under the symbol ILAG.1

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Last updated Oct 21, 2026.

Overview

$4.5MRevenue, fiscal 20252
-$19.3MNet income, fiscal 20252

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  • TickerILAG on Nasdaq1
  • IndustryPartitions, Shelvg, Lockers, & of fice & Store Fixtures1
  • HeadquartersHong Kong, Hong Kong1
  • Incorporated inHong Kong3
  • Business addressUnit 02, 5/F., Blk A, Profit Ind. Bldg.,, 1-15 Kwai Fung St., Kwai Chung, N.T., Hong Kong, K3 000003
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Price, an intermediate payment of $1,000,000 shall be then paid. Upon closing, Buyer shall pay Seller an additional amount of $1,000,000.4 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

2.9%Gross margin2
-430.7%Operating margin2
-430.6%Net margin2
-40.1%Revenue growth, 20252
-398.4%Return on equity2
0.32×Debt to equity2
-$2.5MFree cash flow2

What sells

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

Regions

United States brought in 78% of the revenue Intelligent Living Application Group Inc. broke down this way in fiscal 2025.

  1. United States$3.5M278%down 53% from 2024
  2. TWMember$801.0K218%
  3. Canada$203.1K25%up 80% from 2024
Regions by year
Regions202320242025
United States$6.4M$7.4M$3.5M
TWMember$801.0K
Canada$78.6K$112.8K$203.1K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue70¢$4.0M
  • Research and development29¢$1.7M
  • Income tax0¢$25.9K

Out of $4.5M in revenue.2 The company lost money this year.

Financial statements

Revenue5672$4.5M in 2025−60% since 2020
0$5.0M$10.0M$15.0M2020: $11.2M$11.2M20202021: $12.5M$12.5M2021+12%2022: $12.2M$12.2M2022−3%2023: $6.4M$6.4M2023−47%2024: $7.5M$7.5M2024+17%2025: $4.5M$4.5M2025−40%
Gross profit5672$129.8K in 2025−92% since 2020
0$1.0M$2.0M$3.0M2020: $1.6M$1.6M20202021: $1.3M$1.3M2021−17%2022: $2.2M$2.2M2022+67%2023: $633.3K$633.3K2023−71%2024: $1.3M$1.3M2024+107%2025: $129.8K$129.8K2025−90%
Operating income5672-$19.4M in 2025+1766% since 2020
-$20.0M-$15.0M-$10.0M-$5.0M02020: -$1.0M-$1.0M20202021: -$1.8M-$1.8M2021+73%2022: -$2.3M-$2.3M2022+26%2023: -$3.9M-$3.9M2023+72%2024: -$3.9M-$3.9M2024−1%2025: -$19.4M-$19.4M2025+400%
Net income5672-$19.3M in 2025+1805% since 2020
-$20.0M-$15.0M-$10.0M-$5.0M02020: -$1.0M-$1.0M20202021: -$1.4M-$1.4M2021+37%2022: -$1.7M-$1.7M2022+19%2023: -$3.5M-$3.5M2023+111%2024: -$3.7M-$3.7M2024+5%2025: -$19.3M-$19.3M2025+424%

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

Period ending2025-12-312024-12-312023-12-31
Revenues$4.5M$7.5M$6.4M
Cost of goods sold-$4.0M-$5.8M-$5.5M
Cost of goods sold idle capacity-$396.7K-$362.9K-$345.4K
Gross profit$129.8K$1.3M$633.3K
Selling and marketing-$281.3K-$1.1M-$59.8K
General and administrative-$14.8M-$3.4M-$4.4M
Research and development-$1.7M-$649.8K
Impairment loss of property, plant and equipment-$2.7M
Finance costs-$47.3K-$25.8K-$26.9K
Loss from operations-$19.4M-$3.9M-$3.9M
Interest income$7.9K$83.4K$244.8K
Foreign exchange gain$28.4K$40.5K$47.2K
Other (expense) income, net-$4.9K$139.6K$156.4K
Total other income, net$31.4K$263.5K$448.5K
Loss before provision for income taxes-$19.3M-$3.6M-$3.4M
Provision for income taxes-$25.9K-$83.2K-$56.2K
Net loss-$19.3M-$3.7M-$3.5M
Foreign currency translation adjustments$105.0K-$74.0K-$214.9K
Comprehensive loss-$19.2M-$3.8M-$3.7M
Weighted average number of ordinary shares outstanding, Basic2.0M shares1.8M shares1.8M shares
Weighted average number of ordinary shares outstanding, Diluted2.0M shares1.8M shares1.8M shares
LOSS PER SHARE - BASIC-$9.50-$2.04-$1.94
LOSS PER SHARE - DILUTED-$9.50-$2.04-$1.94

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Corporate structure

Intelligent Living Application Group 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 Intelligent Living Application Group Inc.

  • Bong Yu Lau Filed SCHEDULE 13D on Intelligent Living Application Group Inc., latest Mar 20, 2026 (2 filings since Feb 1, 2023)
  • Bun Yu Lau Filed SC 13G on Intelligent Living Application Group Inc., latest Feb 1, 2023
  • Hong Shun Hui Filed SC 13G on Intelligent Living Application Group Inc., latest Feb 1, 2023
  • Wang Po Hui Filed SC 13G on Intelligent Living Application Group Inc., latest Feb 1, 2023
  • Intelligent Living Application Group Inc. Hong Kong, Hong Kong

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

What it owns

What Intelligent Living Application Group 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$8.7M2 Dec 31, 2025$9.2M2 Dec 31, 2024−4.7%
Accumulated depreciation$4.6M2 Dec 31, 2025$4.2M2 Dec 31, 2024+8.6%
Property and equipment, net$1.4M2 Dec 31, 2025$4.9M2 Dec 31, 2024−72.0%
Operating-lease assets (leased space)$261.1K2 Dec 31, 2025$626.3K2 Dec 31, 2024−58.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$645.9K2 Dec 31, 2025$1.3M2 Dec 31, 2024−49.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$5.4M2 Dec 31, 2025$5.0M2 Dec 31, 2024+7.1%
Raw materials$29.1K2 Dec 31, 2025$25.1K2 Dec 31, 2024+15.8%
Work in process$5.2M2 Dec 31, 2025$4.5M2 Dec 31, 2024+16.3%
Finished goods$149.4K2 Dec 31, 2025$525.8K2 Dec 31, 2024−71.6%

Leadership

Who has led Intelligent Living Application Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Bong Yu Lau2026–now
Board members and other officers (1)

Timeline

  1. Mar 17, 2026New chief executive Bong Yu Lau becomes CEO8

Filings

79 filings to the SEC since October 2021: 6 annual reports, 2 insider forms, 5 large holders, 66 other. The latest 20:

  1. Jul 17, 20263 EDGAR
  2. May 6, 20266-K EDGAR
  3. Apr 24, 202620-F EDGAR
  4. Mar 20, 2026SCHEDULE 13D EDGAR
  5. Mar 17, 20263 EDGAR
  6. Jan 15, 20266-K EDGAR
  7. Jan 2, 20266-K EDGAR
  8. Dec 29, 20256-K EDGAR
  9. Dec 22, 20256-K EDGAR
  10. Dec 19, 20256-K EDGAR
  11. Dec 3, 20256-K EDGAR
  12. Nov 18, 20256-K EDGAR
  13. Nov 18, 202520-F/A EDGAR
  14. Aug 12, 20256-K EDGAR
  15. Jul 24, 20256-K EDGAR
  16. Apr 28, 202520-F EDGAR
  17. Mar 6, 20256-K EDGAR
  18. Feb 27, 20256-K EDGAR
  19. Feb 26, 2025424B5 EDGAR
  20. Feb 25, 2025424B5 EDGAR

The 79 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.

  • Bong Yu LauSCHEDULE 13D, 2 filings Feb 1, 2023 to Mar 20, 20269
  • Bun Yu LauSC 13G, 1 filing Feb 1, 202310
  • Hong Shun HuiSC 13G, 1 filing Feb 1, 202311
  • Wang Po HuiSC 13G, 1 filing Feb 1, 202312

SEC filer profile

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

  • Name on EDGARIntelligent Living Application Group Inc.1
  • CIK0001814963
  • Filer statusNon-accelerated filer an emerging growth company; a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)2540 Partitions, Shelvg, Lockers, & of fice & Store Fixtures1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business addressUnit 02, 5/F., Blk A, Profit Ind. Bldg.,, 1-15 Kwai Fung St., Kwai Chung, N.T., Hong Kong, K3 000001
  • Phone852 2481 79381
  • Shares outstanding2,076,948 shares as of Dec 31, 20254
  • AuditorWei, Wei & Co., LLP, Flushing, New York PCAOB ID 2388; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJun 23, 20201
  • Filings95 in all: 6-K (31), CORRESP (16), F-1/A (10), UPLOAD (9), 20-F (4), SC 13G (4), 20-F/A (2), 3 (2)1
    All 22 form types

    424B5 (2), DRSLTR (2), EFFECT (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), F-1 (1), F-3 (1), F-3/A (1), FWP (1), S-8 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (20-F) Apr 24, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, par value $0.001ILAGNasdaq

From the cover page of the 20-F filed Apr 24, 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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