Luda Technology Group Limited (LUD)

Revenue by Segment

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Hong Kong Trading	8.96M	7.28M	5.46M	7.44M	6.94M
Hong Kong Trading Growth	23.06%	33.34%	-26.58%	7.19%	-
PRC Manufacturing	25.08M	38.10M	46.16M	42.52M	27.74M
PRC Manufacturing Growth	-34.18%	-17.45%	8.55%	53.29%	-
Elimination of Internal Transaction	-506.43K	-521.10K	-188.82K	-108.61K	-536.46K
Total	33.54M	44.86M	51.43M	49.85M	34.14M
Total Growth	-25.25%	-12.76%	3.16%	46.01%	-

Revenue by Geography

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
People’S Republic of China	22.40M	36.86M	45.24M	41.98M	26.26M
People’S Republic of China Growth	-39.24%	-18.51%	7.76%	59.84%	-
South America	6.71M	4.10M	2.77M	2.66M	2.34M
South America Growth	63.59%	48.10%	4.04%	13.67%	-
Asia Excluding PRC	2.28M	871.78K	888.56K	635.62K	1.22M
Asia Excluding PRC Growth	161.72%	-1.89%	39.79%	-48.00%	-
Australia	1.02M	1.80M	1.37M	2.19M	2.24M
Australia Growth	-43.35%	31.19%	-37.27%	-2.33%	-
North America	828.04K	699.01K	445.42K	1.10M	592.88K
North America Growth	18.46%	56.93%	-59.52%	85.62%	-
Europe	219.96K	368.77K	666.77K	1.25M	1.28M
Europe Growth	-40.35%	-44.69%	-46.87%	-2.20%	-
Others	78.38K	157.40K	47.28K	28.69K	196.60K
Others Growth	-50.20%	232.90%	64.81%	-85.41%	-
Total	33.54M	44.86M	51.43M	49.85M	34.14M
Total Growth	-25.25%	-12.76%	3.16%	46.01%	-

Source: S&P Global Market Intelligence.