Miscellaneous Fabricated Textile ProductsIFRS · EUR

MaxsMaking Inc.

MaxsMaking Inc. is a British Virgin Islands company headquartered in Shanghai that makes customized consumer goods and promotional textile products. Its business combines small-batch textile production, product design, digital order management, online sales, and international trade through manufacturing facilities in China.

Ask about the company
Revenue29.2m EUR
+36.3 %y/y
Operating profit (EBIT)0.1m EUR
−95.3 %y/y
EBIT margin0.4%
−9.9 ppy/y
Net income0.0m EUR
−99.9 %y/y
Free cash flow-5.3m EUR
−74.8 %y/y

Fiscal year 2025 · change from previous year

Development 2023–2025

0102030m EUR2023: 26 m EUR2023: EBIT 2.4 m EUR20232024: 21 m EUR2024: EBIT 2.2 m EUR20242025: 29 m EUR2025: EBIT 0.10 m EUR2025290.10
RevenueOperating profit (EBIT)
Ask Clarifo about MaxsMaking Inc.

Business

Share of revenue
Customized textile products55 %

Small-batch textile goods made to customer specifications, including promotional and functional items.

Promotional bags and accessories25 %

Backpacks, shopping bags, aprons, and related branded merchandise for practical or promotional use.

Digital production and order management10 %

Software-enabled order handling, product configuration, and production coordination.

Design and brand services10 %

Product design and brand management services tied to customized consumer goods offerings.

Customers

The company sells customized consumer and promotional goods to buyers that need small runs, tailored branding, or rapid product iteration. Its customer base likely includes businesses, distributors, and promotional merchandise buyers, with online channels also supporting direct ordering and cross-border trade. The value proposition is customization, cost efficiency, and design-to-delivery coordination rather than standard mass-market manufacturing.

Promotional merchandise buyers

Businesses and organizations buying branded bags, aprons, and giveaway items for marketing or events.

Custom consumer goods customers

Buyers needing small-batch personalized textile products made to specific design requirements.

Online and cross-border order clients

Customers using online sales channels for customized orders and international fulfillment.

Trade and channel partners

Partners that resell or distribute customized products into broader consumer and commercial markets.

Strategy

The company’s strategy centers on customization, digital production, and proprietary order-management tools to handle small-batch manufacturing efficiently. It also emphasizes sustainable materials, brand services, and international trade capabilities to differentiate its product offering in a fragmented market. Manufacturing concentration in China supports cost and supply-chain integration, while online sales broaden customer access.

Improve customization executionShort term

Customization is the core value proposition, so order accuracy and speed drive customer retention.

Strengthen digital and design capabilitiesMedium term

Software and product design help the company scale bespoke orders without relying only on manual processes.

Broaden market access through trade and online salesMedium term

Online channels and international trade increase the customer pool beyond local manufacturing markets.

Geography

MaxsMaking operates from Shanghai with production facilities in Zhejiang and Henan provinces in China. The business is built around China-based manufacturing and international trade, so supply chain execution and export access are central to its operating model. Its listed-company structure is offshore, but the operating footprint is concentrated in mainland China.

Risks

The business is exposed to execution risk in customized manufacturing, where delays, quality issues, or order mismatches can directly affect customer relationships. Its China-centered production footprint also creates supply-chain, logistics, and geopolitical exposure, while cross-border sales can be affected by trade rules and customer concentration. Separately, the recent Nasdaq-related trading halt and delisting process create securities-market risk for shareholders, even though that is not an operating risk of the underlying business.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Custom order execution risk1Market-manipulation and listing risk2China supply-chain concentration3Cross-border trade and tariff exposure4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Custom order execution riskImpact: HighLikelihood: High

    Small-batch and made-to-order products require accurate design, production, and fulfillment.

    ExposureBackpacksShopping bagsApronsPromotional items
  2. Market-manipulation and listing riskImpact: HighLikelihood: High

    The company disclosed a Nasdaq delisting determination and trading halt.

    Exposure: Public market liquidity and shareholder tradability

  3. China supply-chain concentrationImpact: HighLikelihood: Medium

    Production is concentrated in Zhejiang and Henan, making the company dependent on mainland operations.

    ExposureManufacturingLaborLogisticsInput sourcing
  4. Cross-border trade and tariff exposureImpact: MediumLikelihood: Medium

    International trade is part of the operating model and can be affected by customs rules and trade barriers.

    Exposure: Export customers and overseas fulfillment

Ask Clarifo about MaxsMaking Inc.

Accounting

Judgemental items
Revenue recognition on customized orders

Custom production may require judgment over when control transfers and revenue is earned.

Impact: Affects reported revenue timing and quarterly comparability

Provisioning for returns or defects

Customized consumer goods may carry quality or remake obligations.

Impact: Affects gross profit and accrual balances

Foreign currency translation

Operating costs and assets are concentrated in China while reporting may be in a different currency framework.

Impact: Affects earnings volatility and balance-sheet translation

Similar listed companies

Publicly listed companies with a comparable business focus.

Star Fashion Culture Holdings Ltd

STFS · Services-Advertising

707 Cayman Holdings Ltd.

JEM · Retail-Apparel & Accessory Stores

ICZOOM Group Inc.

IZM · Retail-Radio, Tv & Consumer Electronics Stores

Vipshop Holdings Ltd

VIPS · Retail-Catalog & Mail-Order Houses

Addentax Group Corp

ATXG · Services-Mailing, Reproduction, Commercial Art & Photography

Lufax Holding Ltd

LU · Finance Services

Last updated: 28/09/2026