FOR IMMEDIATE RELEASE STURM, RUGER & COMPANY, INC. REPORTS FIRST QUARTER DILUTED EARNINGS OF 46¢ PER SHARE AND DECLARES QUARTERLY DIVIDEND OF 18¢ PER SHARE SOUTHPORT, CONNECTICUT, April 30, 2025--Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for the first quarter of 2025, net sales were $135.7 million and diluted earnings were 46¢ per share. For the corresponding period in 2024, net sales were $136.8 million and diluted earnings were 40¢ per share. The Company also announced today that its Bo ...

Carriage Services Announces First Quarter 2025 Results Conference call on Thursday, May 1, 2025 at 8:00 a.m. Central Time HOUSTON - April 30, 2025 - (GLOBE NEWSWIRE) Carriage Services, Inc. (NYSE: CSV) today announced its financial results for the first quarter ended March 31, 2025. Company Highlights: Carlos Quezada, Vice Chairman and CEO, stated, "We are proud of our first-quarter results, which reflect the strength of our strategy and execution discipline. Our solid financial performance, highlighted by ...

FORM 20-F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...

As filed with the Securities and Exchange Commission on April 30, 2025. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐SHELL COMPANY REPORT PURSUANT TO ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission file number 001-04192 (Exact name of Registrant as specified in its charter) Cayman Islands (Jurisdiction of incorporation or organization) c/o Room 2103 Shanghai Mart Tower, 2299 Yan An Road West, Changning District, Shanghai China 200336 (Address of of ice) Samuel S. Mo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For ...

Financial Performance - Net income for Q1 2025 was $842,000, down from $2.19 million in Q1 2024, resulting in earnings per share of $0.19 compared to $0.48 a year earlier[2] - Net income decreased by 61.50% to $842 thousand for the three months ended March 31, 2025, down from $2,187 thousand in the prior year[36] - Basic net income per share decreased to $0.19 for the three months ended March 31, 2025, down from $0.48 in the same period of 2024[36] Interest Income and Margin - Total interest income increased by 6.90% to $11.23 million in Q1 2025, up from $10.51 million in Q1 2024, driven by higher yields on loans and growth in commercial real estate[11] - Net interest margin improved to 3.25% in Q1 2025, up from 3.02% in Q1 2024, while interest spread rose to 2.95% from 2.73% year-over-year[11] - Net interest income rose to $7,719 thousand for the three months ended March 31, 2025, reflecting an 11.06% increase compared to $6,950 thousand in the same period of 2024[34] Asset and Loan Growth - Total assets grew by 3% to $1.01 billion at March 31, 2025, compared to $979.24 million at December 31, 2024[19] - Total assets increased to $1,011,726 thousand as of March 31, 2025, up 3.32% from $979,244 thousand at December 31, 2024[32] - Loans, net of allowance for credit losses, increased to $642.39 million at March 31, 2025, from $636.55 million at December 31, 2024[19] - Loans held for sale increased significantly by 31.06% to $4,739 thousand compared to $3,616 thousand in the previous quarter[36] Deposits and Equity - Total deposits reached $911.68 million at March 31, 2025, up from $882.40 million at December 31, 2024, reflecting growth in core deposits[24] - Total deposits grew to $911,683 thousand, a 3.32% increase from $882,404 thousand at the end of 2024[36] - Stockholders' equity increased to $68.35 million at March 31, 2025, from $64.87 million at December 31, 2024, with book value per share rising to $15.04 from $14.28[25] Asset Quality - Nonperforming loans to total loans ratio was 0.28% at March 31, 2025, indicating strong asset quality[23] - Nonperforming loans rose to $1,799 thousand, a 9.70% increase from $1,640 thousand at December 31, 2024[38] Expenses and Efficiency - Noninterest expenses increased by 21.49% to $9,826 thousand for the three months ended March 31, 2025, compared to $8,088 thousand in the same period of 2024[35] - The efficiency ratio worsened to 89.31% for the three months ended March 31, 2025, compared to 78.85% in the same period of 2024[37] Future Projections and Savings - The company anticipates $5 million in savings over the 65-month term of a new contract with its core service provider, despite a one-time expense of approximately $1 million in Q1 2025[11] - The company plans to pay off approximately $10 million of capital notes in June 2025, reducing annual interest expense by approximately $327,000[5] Credit Loss Provision - The provision for credit losses was $137 thousand, a significant recovery from a negative provision of $553 thousand in the prior year[36]

Share Capital and Dividends - Mingteng International's authorized share capital is US$50,000, divided into 5,000,000,000 Ordinary Shares, with 6,839,600 Ordinary Shares issued and outstanding as of April 15, 2025[29]. - Mingteng International declared cash dividends of RMB 2.5 million (approximately $0.35 million) to shareholders, paid by Wuxi Mingteng Mould in December 2022[35]. - Mingteng International relies on dividends from its PRC subsidiary, Wuxi Mingteng Mould, to fund cash needs and pay dividends to shareholders[126]. - Wuxi Mingteng Mould generates primarily all of its revenue in RMB, which is not freely convertible, potentially limiting dividend payments to Mingteng International[128]. - Under PRC laws, PRC subsidiaries can only pay dividends from accumulated profits as per PRC accounting standards, and must set aside at least 10% of after-tax profits for a statutory reserve until it reaches 50% of registered capital[127]. Regulatory Environment - The company is subject to PRC foreign exchange regulations, which govern the payment of dividends and capital transfers[34]. - As of the date of the report, Mingteng International is not required to obtain additional permissions or approvals from Chinese authorities to operate its business[41]. - The company has not received any regulatory objections regarding its previous offerings to foreign investors[42]. - The PRC Foreign Investment Law establishes a framework for foreign investments, granting national treatment to foreign-invested entities except in restricted or prohibited industries[115]. - The PRC government may impose a withholding tax rate of up to 10% on dividends payable to non-PRC-resident enterprises[106]. - The PRC government imposes a withholding tax rate of 10% on dividends payable by Chinese companies to non-PRC-resident enterprises unless reduced under treaties[129]. Financial Reporting and Compliance - The company has identified material weaknesses in its internal control over financial reporting, which could lead to inaccuracies in financial statements[96]. - The company may not be able to produce timely and accurate financial statements if it fails to comply with the requirements of the Sarbanes-Oxley Act[101]. - The company is classified as an "emerging growth company" under the JOBS Act, allowing it to take advantage of reduced reporting requirements[206]. - The company is a foreign private issuer, exempt from certain provisions applicable to U.S. domestic public companies, which may afford less protection to shareholders[209]. - The company may face challenges in utilizing proceeds from future offerings due to regulatory approvals required for loans or capital contributions to PRC subsidiaries[169]. Operational Challenges - The COVID-19 pandemic has had a long-term impact on the company's operations, particularly in major production areas like Shanghai and Changchun, affecting order volume and production activities[67]. - The company plans to reasonably dispatch employees and arrange working hours to ensure steady production progress in response to the pandemic[67]. - Any disruptions in production due to natural or man-made disasters could significantly affect operations and customer demand[80][81]. - The company is exposed to risks associated with the transportation of products, which could lead to operational disruptions and financial losses[83]. - Quality problems with products may result in customer loss and potential product liability claims, adversely affecting the company's reputation and financial condition[84][85]. Market and Economic Conditions - The automobile industry is significantly affected by macroeconomic conditions, leading to potential decreases in orders and payment difficulties if the economy slows down[76][77]. - The company faces uncertainties due to the current international trade tensions, which could negatively impact customer confidence and business opportunities[193]. - International trade disputes and tariffs, including a potential 245% tariff on imports from China, may increase operating costs and disrupt the supply chain[192]. Research and Development - The core R&D team consists of 31 employees, focusing on developing new technologies related to car casting molds, with ongoing projects showing some success[78]. - The company has registered 19 patents in the PRC as of the date of the annual report, highlighting its focus on intellectual property[88]. - The company is currently applying for five patents in China, which may not be approved[93]. Taxation and Financial Implications - The PRC tax authorities may classify the company as a PRC resident enterprise, subjecting it to a 25% enterprise income tax on global income[157]. - If classified as a PRC resident enterprise, the company may also need to withhold a 10% tax on dividends paid to non-resident shareholders[158]. - The company benefits from preferential tax treatments, potentially reducing the enterprise income tax rate from 25% to 15% for high and new technology enterprises[161]. - Any revocation of tax incentives or government subsidies could adversely affect the company's financial condition and results of operations[161]. Currency and Exchange Rate Risks - The company's PRC subsidiary generates essentially all of its revenue in Renminbi, which is not freely convertible into other currencies[104]. - Changes in currency conversion rates between RMB and USD may significantly affect the financial condition and cash flows of Mingteng International[130]. - The PRC government imposes controls on the convertibility of the RMB into foreign currencies, affecting the company's ability to utilize net revenues effectively[136]. - The RMB appreciated approximately 7% against the U.S. dollar in 2017, but depreciated by about 5% in 2018[132]. Corporate Governance and Audit - The PCAOB determined on December 15, 2022, that it could secure complete access to inspect and investigate registered public accounting firms in mainland China and Hong Kong, vacating previous restrictions[49]. - As of the date of the annual report, neither the former auditor Wei, Wei & Co., LLP nor the current auditor HTL INTERNATIONAL, LLC is subject to PCAOB inspection restrictions, which could affect trading of the company's securities in the U.S.[50]. - The company's Ordinary Shares may face delisting risks under the HFCAA if the PCAOB cannot inspect its auditor for two consecutive years, which could materially impact investment value[179]. - The SEC has implemented rules requiring foreign companies to certify they are not controlled by foreign governments if PCAOB cannot audit them, with potential trading prohibitions for non-compliance[181]. Future Outlook - The company does not expect to pay dividends in the foreseeable future, relying instead on price appreciation for returns on investment[202]. - The trading price of the company's Ordinary Shares is likely to be volatile, influenced by both market factors and specific operational issues[198]. - The company completed its IPO on April 22, 2024, issuing 1,050,000 Ordinary Shares at a price of $4.00 per share, raising total gross proceeds of $4.2 million[219]. - The over-allotment option was fully exercised on May 10, 2024, resulting in the purchase of an additional 157,500 Ordinary Shares for total gross proceeds of $630,000[220].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE A ...