Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 71

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 5
Chunk 71
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 quality of production workers may lead to problems with lengthy production schedules and production  
  costs.                                                                                                                                  
  Cost                                                                                                                                    
  increases caused by parts shortages, production yield and quality issues may affect our financial performance.                          
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Technology
Development

Technology
development and the development of innovative technology products rely heavily on experienced talents in all aspects, including management,
market planning, R& D and other areas. Under certain circumstances, technology development problems may arise and affect operating
income.

  Problems                                                                                                                               
  may arise in talent recruitment, training and management related to R& D technology.                                                   
  Due                                                                                                                                    
  to political factors, chip factories may be banned from technology licensing and export, resulting in the inability to effectively     
  improve existing technology.                                                                                                           
  The                                                                                                                                    
  development of advanced technologies by universities and academic institutions may be hampered by factors such as technology transfer  
  restrictions, technology reliability issues, and technology licensing restrictions.                                                    
  Other                                                                                                                                  
  policy or economic issue may result in difficulties in hiring and retaining technical R& D personnel.                                  
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Results
of operations

Comparison
of Results of Operations for the years ended December 31, 2023 and 2024

The
following table sets forth a summary of audited consolidated results of operations for the years indicated. This information should be
read together with audited consolidated financial statements and related notes included elsewhere in this annual report. The operating
results in any period are not necessarily indicative of the results that may be expected for any future period.

                                   For                                                                         Change                             
                                   the years ended December 31,                                                                                   
                                   2023                                              2024                      Amount                             
                                   US$                                               US$                       US$                                
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  Revenues                         $                                  3,670,722      $          1,998,971      $           (1,671,751      (45.5  
  Cost                                                               (2,996,990                (1,833,300                   1,163,690      (38.8  
  Gross                                                                 673,732                   165,671                    (508,061      (75.4  
  Operating                                                                                                                                       
  Selling                                                              (241,573                  (232