FGI Industries Ltd. 2025年度季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. TABLE OF CONTENTS PART I- FINANCIAL INFORMATION Unaudited Condensed Consolidated Statements of Operations and ComprehensiveLossfor the threemonthsendedMarch 31, 2025and 2024. PART II- OTHER INFORMATION SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements in this Quarterly Report on Form 10-Q are “forward-looking statements” within the meaning of Section 21E ofthe Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. All statements contained in thisQuarterly Report on Form 10-Q other than statements of historical facts, including statements regarding our future results ofoperations and financial position, our business strategy and plans and our objectives for future operations, are forward-lookingstatements. In some cases, you can identify forward-looking statements by terminology such as “aim,” “anticipate,” “assume,”“believe,” “contemplate,” “continue,” “could,” “design,” “due,” “estimate,” “expect,” “goal,” “intend,” “may,” “objective,” “plan,”“predict,” “positioned,” “potential,” “seek,” “should,” “target,” “will,” “would” and other similar expressions that are predictions of orindicate future events and future trends, or the negative of these terms or other comparable terminology. In addition, statements that •the levels of residential repair and remodel activity, and to a lesser extent, new home construction; •the effects of inflationary pressures, financial market uncertainty and rising interest rates on the demand for our products, ourcosts and our ability to access capital; •our ability to maintain our strong brands and reputation and to develop innovative products;•our ability to maintain our competitive position in our industries;•our reliance on key suppliers and customers; •the occurrence of public health emergencies, such as the COVID-19 pandemic, including the impact on domestic andinternational economic activity, consumer confidence, our production capabilities, our employees and our supply chain; •the cost and availability of materials and the imposition of tariffs; •risks associated with our international operations and global strategies; •our ability to achieve the anticipated benefits of our strategic initiatives; •our ability to successfully execute our acquisition strategy and integrate businesses that we may acquire; •our ability to obtain additional capital to finance our planned operations and to maintain our listing on Nasdaq; •risks associated with our reliance on information systems and technology, and our ability to achieve the anticipated benefitsfrom our investments in new technology; •our ability to attract, develop and retain talented and diverse personnel; •our ability to obtain additional capital to finance our planned operations; •regulatory developments in the United States and internationally; •our ability to establish and maintain intellectual property protection for our products, as well as our ability to operate ourbusiness without infringing the intellectual property rights of others; and •other risks and uncertainties, including those listed under the caption “Risk Factors” in Part I, Item 1A of our Annual Reporton Form 10-K for the year ended December31, 2024, as well as subsequent reports we file from time to time with the U.S.Securities and Exchange Commission (the “SEC”) (available at www.sec.gov). These forward-looking statements are based on management’s current expectations, estimates, forecasts and projections about ourbusiness and the industry in which we operate, and management’s beliefs and assumptions are not Table of Contents guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are insome cases beyond our control. In light of the significant uncertainties in these forward-looking statements, you should not rely uponforward-looking statements as predictions of future events. Although we believe the expectations reflected in