Zk International Group Company Ltd. (China)

The Company operates as a holding company. The Company, through its subsidiaries, designs, produces, and manufactures stainless and carbon steel pipes, single-press tubes, pipe connections, fittings, components, and other parts.
History
The Company was incorporated on May 13, 2015, under the laws of the British Virgin Islands. The Company s fiscal year end is September 30. The Company, through its subsidiaries, is a leading company that specializes in manufacturing and sales of stainless steel band, copper strip, welded stainless steel pipes and fittings, pipe fittings, valve, light industry machinery and equipment and other stainless steel products of its trademark “Zhengkang” in People's Republic of China
The Company s common stock was traded on NASDAQ under symbol ZKIN on September 1, 2017.
As of September 30, 2020, 52.21 of its equity interest was hold by four mainland Chinese beneficial owners, who entered an agreement on May 13, 2015 to vote their shares in concert in ZK International, covering all the periods presented afterwards, with HUANG Jian Cong holding 29.38 , WANG Ming Jie holding 10.87 , WANG Guo Lin holding 10.87 , WANG Jian Di holding 1.09 .
BUSINESS
The Company s core business focuses on providing systematic solutions to construction projects that require sophisticated piping systems. Leveraging their experience in the industry, they offer urban planners and real estate developers sophisticated pipe and fitting products and engineering expertise, enabling them to bring communities reliable and durable gas and water transmission systems. The Company s products are primarily sold in China, but are also exported and distributed in Europe and Southeast Asia. They have received numerous awards and recognitions domestically and internationally. Located within the Wenzhou Binhai Industrial Park, a national economic development zone, their facility occupies approximately five acres, consisting of business offices, manufacturing plants, a research and development center and storage facilities.
The Company specialize in designing and producing pipes and fittings such as double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings and single-press tubes and fittings. Focused on the innovation and expansion of their products to meet the specific needs of their clients, they are a leading manufacturer and engineer of high-performance stainless steel pipes. The Company s products offer a comprehensive suite of superior solutions for use in the construction and infrastructure industries. The Company s innovative products are used in a broad range of applications, including water and gas transmission within urban infrastructural development, residential housing development, food and beverage production, oil and gas exploitation, and agricultural irrigation.
The Company has evaluated ASC 280 and has identified only one reporting segment as the Company's Chief Operating Decision Maker (“CODM”) focuses on sales performance by sales channel and market segment using internally generated sales data and externally developed market consumption data acquired from independent sources.