Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 120

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 120
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     |   |  52.7 | %  |

| 77 |

Revenues

Our revenues consist of (i) sales of manufactured electronic products, (ii) commissioned processing service, (iii) rental income and (iv) others. Others mainly consist of electricity revenues.

Our breakdown of revenues for the years ended December 31, 2023 and 2024 are summarized as below:

| By revenue type                           |     | For the years ended December 
 31,                          
 2023                         
 US$                          |           |     | 2024 
 US$  |           |     | Change 
 Amount 
 US$    |            |   |     | % |       |    |
|:------------------------------------------|:----|:-----------------------------|----------:|:----|:-----|----------:|:----|:-------|:-----------|:--|:----|:--|:------|:---|
| Sales of manufactured electronic products |     | $                            | 2,329,491 |     | $    | 1,318,521 |     | $      | (1,010,970 | ) |     |   | (43.4 | )% |
| Commissioned processing service           |     |                              |   942,626 |     |      |   382,146 |     |        | (560,480   | ) |     |   | (59.5 | )% |
| Rental income                             |     |                              |   267,591 |     |      |   177,593 |     |        | (89,998    | ) |     |   | (33.6 | )% |
| Others                                    |     |                              |   131,014 |     |      |   120,711 |     |        | (10,303    | ) |     |   | (7.9  | )% |
| Total                                     |     | $                            | 3,670,722 |     | $    | 1,998,971 |     | $      | (1,671,751 | ) |     |   | (45.5 | )% |

Our total revenues decreased by US$1.67 million, or 45.5% from US$3.67 million for the year ended December 31, 2023 to US$2.00 million for the year ended December 31, 2024, primarily attributable to the decrease