Li Bang International Corporation Inc. (Nasdaq: LBGJ) completed the topping‑out of its Phase II intelligent kitchen production facility on January 28 2026. The new plant, located in Gushan Town, Jiangyin, represents a RMB 200 million investment and will increase the company’s annual production capacity to roughly 5,000 sets of intelligent kitchen equipment.
The facility will begin operations in June 2026 and will house two product lines: intelligent cooking robots and commercial dishwashing systems. Management projects that, once fully ramped up, the plant could generate an annual output value of between RMB 300 million and RMB 500 million, reinforcing Li Bang’s competitive position in China’s commercial kitchen market.
This expansion aligns with Li Bang’s strategy to scale its manufacturing footprint and accelerate the deployment of IoT‑enabled kitchen solutions. The new capacity is expected to support the company’s projected revenue growth and help it capture a larger share of the domestic market, which is projected to reach RMB 88.27 billion by 2030.
Li Bang’s financial performance in fiscal 2025 underscored the significance of the expansion. The company reported revenue of $11.11 million and a net loss of $1.01 million, with a gross margin of 29.2%. An Altman Z‑Score of 0.95 places the company in the distress zone, highlighting ongoing losses, negative margins, and high leverage. The Phase II facility is therefore a key investment aimed at turning around the company’s financial trajectory.
"The topping‑out of our Phase II facility marks an important milestone in expanding our production capacity and advancing our intelligent manufacturing strategy. We are currently in discussions to put into two product lines, including intelligent cooking robots and commercial dishwashing systems. After the product lines become operational, the annual output value is expected to reach approximately RMB 300 million to RMB 500 million, further strengthening our long‑term growth and market competitiveness." – Huang Feng, CEO and Chairman
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