Wenzhou China based stainless steel and carbon steel pipe producer ZK International Group announced that its revenue increased 1.7% to a record USD 42.89 million due to increased market demand over stainless steel coil and nickel material. During six months, the sales of stainless steel coil and nickel material accounts for approximately 65.4% of total revenue, as compared to 53.9% of total revenue during six months in 2021.ZK International Chairman & Chief Executive Officer Mr Jiancong Huang said “Bucking the trend of a declining economy during the first quarter of 2022 as countries including China battled the inflation and the rise of material prices, we are pleased to report record revenue increase for the first half of fiscal year 2022. During first half of fiscal year 2022, we successfully executed our spent-cut program which aims to reduce operating expenses without impacting sales performance. With operating expenses declined 41.41%, revenue increased by 1.71% and our first half of fiscal year 2022 results underscore continuing order strength for our proprietary stainless steel and carbon steel pipe products. We are proud of what the Company and the staff has achieved for the first half of fiscal year 2022. Looking forward, we expect revenue to continue to grow for the second half of the fiscal year 2022.”Gross profit decreased by 15.73% to US 3.97 million. Gross margin was 9.3%, compared to 11.2% for the same period of the prior fiscal period. The decrease of gross profit was primarily due to increased sales percentage of low margin products such as stainless steel coil products and decreased sales percentage of high-margin products such as water and gas piping products.ZK International Group is a manufacturer and supplier of patented high-performance stainless steel and carbon steel pipe products that require sophisticated water or gas pipeline systems. The Company owns 33 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee that is focused on supplying steel piping for the multi-billion dollar industries of Gas and Water sectors. ZK has supplied stainless steel pipelines for over 2,000 projects, including the Beijing National Airport, the "Water Cube", and "Bird's Nest", which were venues for the 2008 Beijing Olympics.