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Intelligent Living Application Group Inc.

ILAG Nasdaq Consumer Discretionary · Partitions, Shelvg, Lockers, & of Fice & Store Fixtures Hong Kong www.i-l-a-g.com
$2.99
Mkt Cap 6.2M
For 40 years, we have manufactured and sold high quality mechanical locksets to customers mainly in the United States and Canada, and we continue to diversify and refine our product offerings to meet …

For 40 years, we have manufactured and sold high quality mechanical locksets to customers mainly in the United States and Canada, and we continue to diversify and refine our product offerings to meet our customers’ needs. The predecessor of Hing Fat commenced our business of selling door locksets in 1981. In 1983, we started a small manufacturing workshop in China to produce door locksets with imported materials to fulfill for our customer orders, which becomes our current manufacturing subsidiary, Xingfa. Our mission was dedicated to manufacture high quality lockset products at affordable prices. Since 2000, we have offered our products with the American National Standards Institute (ANSI) Grade 2 and Grade 3 standards, which are developed by Builders Hardware Manufacturing Association (BHMA) for ANSI. Our focus is producing mechanical locksets, including locksets for outdoor uses, such as main entrances and gates, and indoor uses, to promote sustainable growth in our business and competitiveness in the market. To continue driving growth, we have designed our products to go beyond a basic lockset for security purposes; we offer a wide range of ODM door locksets to various customer segments from Premium Series to Economy-oriented Series with classic to contemporary looks, functions and colors. Currently, our products are sold mainly in the USA, and some in Canada, Taiwan and China. We sell our products mainly to the US and Canada ( North America ) through one of our Hong Kong registered subsidiaries Kambo Locksets.

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REVENUE TTM
$4.5M
FCF TTM
-$2.5M
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