We are a leading export-oriented manufacturer and seller of toner cartridges compatible with a wide range of laser printers. We are based in China. Our products are sold in 45 countries. Sales in the U.S. and Europe represent the majority of our revenue. (Incorporated in the Cayman Islands)

Our mission is to deliver high-quality and cost-effective printing solutions to consumers around the world with our proprietary technology, research and development capabilities and our integrated and localized sales, logistics and service platform.

Through the operating subsidiaries, we are a leading export-oriented manufacturer and seller of compatible toner cartridges based in China, the U.S. and Europe. According to the CIC Report, we were the largest compatible cartridge manufacturer in the world with a market share of approximately 11.3% in terms of retail value in the markets worldwide, or global markets, for the year ended Dec. 31, 2022. We ranked first in the U.S. and Europe in terms of market share for the year ended Dec. 31, 2022.

Through the operating subsidiaries, we primarily develop and manufacture toner cartridges that are compatible with, and can be used in, a wide range of commonly available models of laser printers from different manufacturers, or compatible toner cartridges, on a white-label or third-party brand basis or under our self-owned brands. The operating subsidiaries also sell their branded products through online sales channels under three brands, TrueImage, CoolToner, and AZtech. Customers of the operating subsidiaries range from wholesalers to dealers to retail customers. Through the operating subsidiaries, we have a wide international footprint through established sales channels, with products sold to customers in over 45 countries, and sales in the U.S. and Europe representing the majority of our revenue.

We have experienced significant growth since our inception. Our growth is partially attributable to our comprehensive sales strategy and our highly efficient and complementary sales channels. During the fiscal years ended December 31, 2021 and 2022, our revenue was primarily generated from the U.S. and Europe. Our revenue grew from US$141.5 million for the year ended December 31, 2021 to US$142.1 million for the year ended December 31, 2022, representing a CAGR of 0.4%. Our net profit increased from US$4.9 million for the year ended December 31, 2021 to US$7.2 million for the year ended December 31, 2022, representing a CAGR of 47.1%.

**Note: Net income and revenue are in U.S. dollars for the 12 months that ended June 30, 2023.

(Note: Planet Image International Ltd. priced its small-cap IPO at $4.00 – the bottom of its $4.00-to-$5.00 range – and sold 1.25 million shares – the number in the prospectus – to raise $5.0 million on Jan. 24. 2024. Background: Planet Image International Ltd. filed an F-1/A dated Oct. 31, 2023, in which it drastically reduced its IPO’s size – to 1.25 million shares – down from 4.0 million shares – and kept the price range at $4.00 to $5.00  – to raise $5.63 million. Background: Planet Image International Ltd. filed an F-1/A dated June 7, 2023, and disclosed terms for its IPO: 4.0 million shares at $4.00 to $5.00 to raise $18.0 million.)

(Background Note: Planet Image International Ltd. wiped the slate clean with an F-1/A filing dated April 17, 2023, by throwing out the terms for its IPO from its F-1 filed on March 16, 2022, and naming a new sole book-runner: US Tiger Securities Inc. The original book-runner was Network 1 Financial Securities. Planet Image International also disclosed its proposed stock symbol – YIBO – in the F-1/A filing on April 17, 2023. This is a NASDAQ listing. The IPO’s new estimated proceeds are $27.0 million – the same as in the F-1 (original) filing. Planet Image International’s initial IPO terms –  now off the table – were 6.0 million Class A ordinary shares at $4.00 to $5.00 to raise $27.0 million. Planet Image International submitted confidential IPO documents to the SEC on Aug. 30, 2021.)