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MKDW on Nasdaq

MKDWELL Tech Inc.

MKDWELL Tech Inc. is an electronic and electrical equipment company in the British Virgin Islands.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$3.0MRevenue, fiscal 20252
-$3.2MNet income, fiscal 20252

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  • TickerMKDW on Nasdaq1
  • IndustryElectronic & Other Electrical Equipment (No Computer Equip)1
  • HeadquartersD81
  • Incorporated inVirgin Islands, British3
  • Business address1F, No. 6-2, Duxing Road, Hsinchu Science Park, Hsinchu City, F5 3003
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Capital Acquisition Corp., and (iii) the acquisition of the remaining 42% equity interest in MKD Jiaxing by MKD Taiwan.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

6.2%Gross margin2
-88.0%Operating margin2
-104.0%Net margin2
51.6%Revenue growth, 20252
-54.5%Return on equity2
0.51×Debt to equity2
-$1.7MFree cash flow2

What sells

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

Products and services

Manufactured Product, Other brought in 87% of the revenue MKDWELL Tech Inc. broke down this way in fiscal 2025.

  1. Manufactured Product, Other$2.7M287%up 101% from 2024
  2. Commission Processing Service$349.8K211%down 8% from 2024
  3. Over Time$25.0K21%down 86% from 2024
  4. Rental Income$25.0K21%down 86% from 2024
  5. Others$5.5K20%down 95% from 2024
Products and services by year
Products and services202320242025
Manufactured Product, Other$2.3M$1.3M$2.7M
Commission Processing Service$942.6K$382.1K$349.8K
Over Time$267.6K$177.6K$25.0K
Rental Income$267.6K$177.6K$25.0K
Others$131.0K$120.7K$5.5K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue74¢$2.8M
  • Research and development26¢$998.7K

Out of $3.0M in revenue.2 The company lost money this year.

Financial statements

Revenue52$3.0M in 2025−4% since 2022
0$1.0M$2.0M$3.0M$4.0M2022: $3.2M$3.2M20222023: $3.7M$3.7M2023+16%2024: $2.0M$2.0M2024−46%2025: $3.0M$3.0M2025+52%
Gross profit52$188.4K in 2025−82% since 2022
0$500.0K$1.0M$1.5M2022: $1.0M$1.0M20222023: $673.7K$673.7K2023−34%2024: $165.7K$165.7K2024−75%2025: $188.4K$188.4K2025+14%
Operating income52-$2.7M in 2025+196% since 2022
-$3.0M-$2.0M-$1.0M02022: -$900.3K-$900.3K20222023: -$1.8M-$1.8M2023+104%2024: -$2.8M-$2.8M2024+53%2025: -$2.7M-$2.7M2025−6%
Net income52-$3.2M in 2025+159% since 2022
-$4.0M-$3.0M-$2.0M-$1.0M02022: -$1.2M-$1.2M20222023: -$2.1M-$2.1M2023+70%2024: -$3.2M-$3.2M2024+53%2025: -$3.2M-$3.2M2025−0%

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$3.0M$2.0M$3.7M
Cost of revenues-$2.8M-$1.8M-$3.0M
Gross profit$188.4K$165.7K$673.7K
Selling expenses-$265.8K-$232.1K-$241.6K
General and administrative expenses-$1.6M-$2.1M-$1.5M
Research and development expenses-$998.7K-$705.7K-$780.0K
Total operating expenses-$2.9M-$3.0M-$2.5M
Loss from operations-$2.7M-$2.8M-$1.8M
Interest expenses, net-$548.5K-$398.0K-$244.4K
Other income, net$65.3K$65.2K$16.2K
Total other loss-$483.2K-$332.9K-$228.2K
Loss before income tax expense-$3.2M-$3.2M-$2.1M
Net loss-$3.2M-$3.2M-$2.1M
Net loss attributable to non-controlling interest-$578.9K-$639.1K-$478.4K
Net loss attributable to ordinary shareholders-$2.6M-$2.5M-$1.6M
Foreign currency translation adjustment attributable to non-controlling interest$650.9K-$64.3K$26.2K
Foreign currency translation adjustment attributable to parent company-$407.7K$212.2K-$39.9K
Total other comprehensive (loss) income$243.2K$147.9K-$13.6K
Total comprehensive loss-$2.9M-$3.0M-$2.1M
Total comprehensive (loss) income attributable to non-controlling interest$72.0K-$703.4K-$452.2K
Total comprehensive loss attributable to ordinary shareholders-$3.0M-$2.3M-$1.6M
Weighted average shares outstanding used in calculating basic and diluted loss per share - basic3.9M shares559.6K shares477.6K shares
Weighted average shares outstanding used in calculating basic and diluted loss per share - diluted3.9M shares559.6K shares477.6K shares
Loss per share - basic-$0.66-$4.50-$3.33
Loss per share - diluted-$0.66-$4.50-$3.33

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Corporate structure

MKDWELL Tech 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 MKDWELL Tech Inc.

  • Ming-Chia Huang Filed SCHEDULE 13D/A on MKDWELL Tech Inc., latest Aug 27, 2026 (4 filings since Aug 12, 2024)
  • Streeterville Capital LLC Filed SCHEDULE 13G/A on MKDWELL Tech Inc., latest Apr 28, 2026 (2 filings since Dec 19, 2024)
  • Lu Huang Filed SCHEDULE 13G on MKDWELL Tech Inc., latest Apr 24, 2026
  • Ya-Hui Wu Filed SCHEDULE 13G on MKDWELL Tech Inc., latest Apr 23, 2026
  • XUFENT HOLDINGS Ltd Filed SCHEDULE 13G on MKDWELL Tech Inc., latest Aug 4, 2025
  • Jingyi capital Ltd Filed SCHEDULE 13G on MKDWELL Tech Inc., latest Jul 16, 2025
  • Hejing holding Ltd Filed SCHEDULE 13G on MKDWELL Tech Inc., latest Jun 26, 2025
  • HMInvest Inc Filed SCHEDULE 13G on MKDWELL Tech Inc., latest Jun 20, 2025
  • Cetus Sponsor LLC Filed SCHEDULE 13D/A on MKDWELL Tech Inc., latest Apr 2, 2025 (2 filings since Aug 13, 2024)
  • AQR CAPITAL MANAGEMENT LLC Filed SC 13G/A on MKDWELL Tech Inc., latest Nov 14, 2024
  • PERISCOPE CAPITAL INC. Filed SC 13G/A on MKDWELL Tech Inc., latest Nov 13, 2024
  • Ming-Chao Huang Filed SC 13D on MKDWELL Tech Inc., latest Aug 12, 2024
  • MKDWELL Tech Inc. D8

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

What it owns

What MKDWELL Tech 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
Land and buildings$63.5K2 Dec 31, 2025$8.4K2 Dec 31, 2024+655.4%
Property and equipment, before depreciation$7.4M2 Dec 31, 2025$7.4M2 Dec 31, 2024−1.0%
Accumulated depreciation$2.8M2 Dec 31, 2025$2.3M2 Dec 31, 2024+21.9%
Property and equipment, net$4.5M2 Dec 31, 2025$5.1M2 Dec 31, 2024−11.5%
Operating-lease assets (leased space)$279.6K2 Dec 31, 2025$59.7K2 Dec 31, 2024+368.5%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$435.9K2 Dec 31, 2025$60.9K2 Dec 31, 2024+615.6%
Real estate accumulated depreciation$125.7K2 Dec 31, 2025$13.3K2 Dec 31, 2024+842.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$24.1K2 Dec 31, 2025$542.6K2 Dec 31, 2024−95.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$487.7K2 Dec 31, 2025$523.8K2 Dec 31, 2024−6.9%
Finite-lived intangibles, gross$707.4K2 Dec 31, 2025$730.0K2 Dec 31, 2024−3.1%
Accumulated amortization$219.7K2 Dec 31, 2025$206.1K2 Dec 31, 2024+6.6%
Finite-lived intangibles, net$487.7K2 Dec 31, 2025$523.8K2 Dec 31, 2024−6.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$250.9K2 Dec 31, 2025$291.0K2 Dec 31, 2024−13.8%
Work in process$98.1K2 Dec 31, 2025$127.6K2 Dec 31, 2024−23.1%
Finished goods$56.5K2 Dec 31, 2025$21.7K2 Dec 31, 2024+159.9%

Leadership

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

Chief financial officer

  1. Minjie Cu2026–now
  • Chief financial officerMinjie Cu Apr 22, 2026 to now6
Board members and other officers (4)

Filings

125 filings to the SEC since October 2021: 3 annual reports, 11 insider forms, 17 large holders, 94 other. The latest 20:

  1. Sep 11, 20266-K EDGAR
  2. Sep 11, 2026424B5 EDGAR
  3. Sep 8, 20266-K EDGAR
  4. Sep 8, 2026424B3 EDGAR
  5. Sep 8, 2026424B3 EDGAR
  6. Aug 27, 2026SCHEDULE 13D/A EDGAR
  7. Aug 27, 20264 EDGAR
  8. Aug 20, 20266-K/A EDGAR
  9. Aug 20, 20266-K/A EDGAR
  10. Aug 19, 20266-K EDGAR
  11. Jul 22, 20266-K EDGAR
  12. Jul 17, 20266-K EDGAR
  13. Jun 10, 2026EFFECT EDGAR
  14. Jun 8, 2026CORRESP EDGAR
  15. Jun 5, 2026UPLOAD EDGAR
  16. Jun 4, 2026F-3 EDGAR
  17. May 18, 2026144 EDGAR
  18. May 13, 20263 EDGAR
  19. May 12, 20263 EDGAR
  20. May 11, 20263 EDGAR

The 125 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.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 17, 2026Huang Ming-ChiaChief Executive OfficerBuy26,000,000Form 4

From Forms 4 filed with the SEC.

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

  • Name on EDGARMKDWELL Tech Inc.1
  • CIK0001991332
  • Filer statusNon-accelerated filer an emerging growth company; a shell company4
  • Incorporated inBritish Virgin Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3600 Electronic & Other Electrical Equipment (No Computer Equip)1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address1F, No. 6-2, Duxing Road, Hsinchu Science Park, Hsinchu City, F5 3001
  • Phone886357818991
  • Shares outstanding141,039,933 shares as of Dec 31, 20254
  • AuditorGuangdong Prouden CPAs GP, Guangzhou, China PCAOB ID 7254; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceSep 18, 20231
  • Filings125 in all: 6-K (38), UPLOAD (12), CORRESP (9), 3 (8), SCHEDULE 13G (7), 424B3 (5), DRSLTR (4), EFFECT (4)1
    All 30 form types

    SCHEDULE 13D/A (4), 20-F (3), DRS/A (3), F-4/A (3), SC 13D (3), 3/A (2), 6-K/A (2), F-1 (2), F-1/A (2), SC 13G/A (2), 144 (1), 4 (1), 424B4 (1), 424B5 (1), 425 (1), 8-A12B (1), CERT (1), DRS (1), F-3 (1), F-4 (1), S-8 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary shares with no par valueMKDWThe Nasdaq Stock Market LLC
Warrants to purchase ordinary sharesMKDWWThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).4

Sources

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