Tillkännagivande • Mar 20
ZK International Group Co., Ltd. announced that it has received $20.02 million in funding On March 19, 2026, ZK International Group Co., Ltd closed the transaction. Tillkännagivande • Feb 03
ZK International Group Co., Ltd. announced delayed 20-F filing On 02/02/2026, ZK International Group Co., Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Tillkännagivande • Oct 22
ZK International Group Co., Ltd. announced that it expects to receive $20.9209 million in funding ZK International Group Co., Ltd. announced that it has entered into a securities purchase agreement pursuant to which the Company agreed to sell to the Purchasers an aggregate of 10,010,000 ordinary shares, no par value per shares, of the Company at a price of $2.09 per share for gross proceeds of $20,920,900 on private placement basis on October 20, 2025. The transaction includes participation from certain Non-U.S. investors. The transaction contemplated in the Purchase Agreement is expected to close in the fourth quarter of 2025. Tillkännagivande • Feb 25
ZK International Group Resolves Nasdaq Bid Price Deficiency and Remains in Compliance with Nasdaq Listing Standards ZK International Group Co., Ltd. (‘ZK International’ or the ‘Company’) announced that the bid price deficiency concern raised by Nasdaq has been successfully resolved. The Company has received written notification (the ‘Nasdaq Notice’) from The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that it has regained compliance with the minimum bid price requirement set forth in the rules for continued listing on the Nasdaq Capital Market (the ‘Listing Rules’). The Nasdaq Notice confirms that the Company has regained compliance with Listing Rule 5550(a)(2), as the Company's closing bid price exceeded US$1.00 for 10 consecutive business days. On February 14, 2025, the Staff notified the Company that it has regained compliance with the Rule and the matter is now closed. Tillkännagivande • May 08
Nasdaq Staff Grants an Exception to ZK International Regarding its Form 20-F Filing for the Period Ended September 30, 2023 ZK International Group Co., Ltd. (‘ZK International’ or the ‘Company’) announced that it has been granted an exception by Nasdaq Staff regarding its Form 20-F filing for the period ended September 30, 2023. On February 20, 2024, Nasdaq Staff notified the Company of non-compliance with Nasdaq's filing requirements under Listing Rule 5250(c)(1) due to the absence of its Form 20-F filing. However, following a comprehensive review and assessment of the materials submitted by the Company on April 22, 2024, Nasdaq Staff has determined to grant an exception to enable the Company to regain compliance with the Rule. The terms of the exception require the Company to file the Form 20-F by June 7, 2024, as mandated by the Rule. In the event that ZK International fails to meet these terms, Nasdaq Staff will issue written notification regarding the potential delisting of its securities. At such time, the Company retains the right to appeal Nasdaq Staff's determination to a Hearings Panel. Jiangcong Huang, Chairman and Chief Executive Officer of ZK International, commented, ‘We appreciate Nasdaq's understanding and support as we work diligently to finalize our Form 20-F filing. Our commitment to transparency and compliance remains unwavering, and we are confident in our ability to meet the requirements outlined in the exception granted by Nasdaq Staff.’ ZK International reaffirms its dedication to maintaining the highest standards of corporate governance and transparency as it progresses towards regaining compliance with Nasdaq listing requirements. Tillkännagivande • Feb 01
ZK International Group Co., Ltd. announced delayed 20-F filing On 01/31/2024, ZK International Group Co., Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Tillkännagivande • Jan 09
ZK International Group Co., Ltd. announced that it has received $5 million in funding On January 9, 2024, ZK International Group Co., Ltd. closed the transaction. Tillkännagivande • Dec 26
ZK International Group Resolves Nasdaq Bid Price Deficiency and Remains in Compliance with Nasdaq Listing Standards ZK International Group Co., Ltd. (‘ZK International’ or the ‘Company’) announced that the bid price deficiency concern raised by Nasdaq has been successfully resolved. The Company has received written notification (the ‘Nasdaq Notice’) from The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that it has regained compliance with the minimum bid price requirement set forth in the rules for continued listing on the Nasdaq Capital Market (the ‘Listing Rules’). The Nasdaq Notice confirms that the Company has regained compliance with Listing Rule 5550(a)(2), as the Company's closing bid price exceeded USD 1.00 for 10 consecutive business days from December 6, 2023 through December 20, 2023. Therefore, the Nasdaq Listing Qualifications Panel has decided to continue the listing of ZK International Group Co., Ltd.'s securities on The Nasdaq Stock Market. Consequently, the Panel has closed this matter, signifying the resolution of the bid price deficiency issue. ZK International Group Co., Ltd. extends its sincere appreciation to Donohoe Advisory Associates LLC for their professionalism and expertise in guiding the company through this matter. The legal firm's support has been instrumental in achieving a successful resolution. Tillkännagivande • Dec 01
ZK International Group Co., Ltd. announced that it expects to receive $5 million in funding ZK International Group Co., Ltd. announced a private placement of common shares at a price of $1.7 per share for the gross proceeds of $5 million on November 29, 2023. The transaction will include participation from new investor, CF Opportunity Fund Ltd. The investment will be made in three separate subscriptions and one closing. The initial tranche will be of $1.5 million, second for $2 million, third for $1.5 million. The initial tranche will be completed within three business days. Tillkännagivande • Nov 17
Nasdaq Hearings Panel Grants ZK International Group a Temporary Exception, Enabling it to Regain Compliance with The Nasdaq Stock Market LLC's Listing Rule 5550(a)(2) ZK International Group Co., Ltd. (‘ZK International’) announced that the Nasdaq Hearings Panel has granted the company a temporary exception, enabling it to regain compliance with The Nasdaq Stock Market LLC's (‘Nasdaq’) Listing Rule 5550(a)(2) (the ‘Bid Price Rule’). ZK International has represented to Nasdaq a comprehensive plan to restore compliance with the Bid Price Rule. The company will effect a reverse stock split, if necessary, to regain compliance by January 19, 2024 and described the actions it intends to take to be able to meet that timeline. The temporary exception extends until January 31, 2024, giving ZK International a clear timeline to meet these compliance milestones. ZK International shall effect a reverse stock split by January 5, 2024 and shall have demonstrated compliance with the Bid Price Rule, by evidencing a closing bid price of $1 or more per share for a minimum of ten consecutive trading sessions, by January 19, 2024. ‘We are appreciative of the Nasdaq Hearings Panel's decision to grant us this temporary exception,’ said Jiancong Huang, Chairman of ZK International, ‘this decision provides us with a clear path to regain compliance with the Bid Price Rule and reaffirms our commitment to our shareholders, business partners, and the investment community.’ The Nasdaq Hearings Panel advised ZK International that during the exception period, the company must promptly notify Nasdaq of any significant events that could impact its compliance with Nasdaq listing requirements. Failure to meet any of the terms outlined in this exception may result in the delisting of the company's securities from the Exchange. ZK International is dedicated to maintaining transparency and meeting all regulatory requirements during this process. The company will work diligently to fulfill the conditions outlined by Nasdaq and, if necessary, request a review by the Nasdaq Listing and Hearing Review Council. ZK International is committed to the continued success and growth of the business and values its relationship with its stakeholders. New Risk • Nov 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 68% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (US$17.0m market cap). Tillkännagivande • Oct 14
ZK International Group Announces Receipt of Nasdaq Delisting Notification and To Request Hearing ZK International Group Co., Ltd. announced that on October 10, 2023, the Company received notice from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that, based upon the Company's non-compliance with the $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) as of October 10, 2023, the Company's securities were subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the "Panel"). The Company plans to timely request a hearing before the Panel, which request will stay any further action by Nasdaq and will allow the Company's ordinary shares to continue to trade on Nasdaq at least pending the issuance of the Panel's decision and the expiration of any extension the Panel may grant to the Company following the hearing. The Company is considering all options available to it and will provide the market and its shareholders with material update(s) if and when available. Reported Earnings • Oct 02
First half 2023 earnings released: US$0.002 loss per share (vs US$0 in 1H 2022) First half 2023 results: US$0.002 loss per share (further deteriorated from US$0 in 1H 2022). Revenue: US$49.7m (up 16% from 1H 2022). Net loss: US$55.4k (loss widened US$47.1k from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. New Risk • Aug 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 60% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (8.6% increase in shares outstanding). Market cap is less than US$100m (US$19.5m market cap). Tillkännagivande • Jul 29
ZK International Group Co., Ltd. Announces Executive Changes ZK International Group Co., Ltd. announced On July 20, 2023, Ms. Shaochai Yang tendered her resignation as the Chief Financial Officer of the company to the Board of Directors of the Company, effective immediately. Ms. Yang’s resignation was for personal reasons and was not due to any disagreement with the Company. To fill the vacancy created by Ms. Yang’s resignation, on July 21, 2023, the Board appointed Ms. Xiaofen Jin to serve as the Company’s Chief Financial Officer, effective on the same date. Xiaofen Jin, age 43, has served as the Chief Financial Officer of the Company’s PRC subsidiary, Zhejiang Zhengkang Industrial Co., Ltd. since March 2023. Ms. Jin has over ten years of experience in accounting and financial management. Prior to joining the Company, she served as the Chief Financial Officer of Zhejiang Kingstone Houseware Co., Ltd., a kitchen knives and cutlery manufacturer from October 2021 to February 2023. From April 2019 to October 2021, Ms. Jin served as the Chief Financial Officer of Fangzheng Valve Group Co., Ltd., an industrial valves manufacturer. From March 2015 to February 2019, Ms. Jin served as the Chief Financial Officer of Wenzhou Jiahe Investment Management Co., Ltd., a capital markets financial service company. From May 2011 to March 2015, Ms. Jin served as a Financial Manager of Zhejiang YAT Electric Appliance Co., Ltd., a garden machinery, electric tools and intelligent products manufacturer. Ms. Jin received an associate’s degree in Electronic Data Processing Accounting from Zhejiang University of Finance & Economics in 2002. Reported Earnings • Feb 02
Full year 2022 earnings released: US$0.21 loss per share (vs US$0.17 loss in FY 2021) Full year 2022 results: US$0.21 loss per share (further deteriorated from US$0.17 loss in FY 2021). Revenue: US$102.4m (up 3.0% from FY 2021). Net loss: US$6.08m (loss widened 60% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Tillkännagivande • Oct 20
ZK International Receives Nasdaq Notice Regarding Minimum Bid Requirements ZK International Group Co., Ltd. announced that the Company received a notice from the Nasdaq Stock Market LLC ("Nasdaq"), dated Oct. 13, 2022, notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5450(a)(1) (the "Rule") because the bid price of the Company's ordinary shares fail to maintain a minimum bid price of $1.00 per share for the last 30 consecutive business days from August 31, 2022 to October 12, 2022. Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until April 11, 2023, to regain compliance under the Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company's ordinary share is $1.00 per share or higher for a minimum of ten consecutive trading days, Nasdaq will provide the Company with a written confirmation of compliance and the matter will be closed. In the event that the Company does not regain compliance with the Rule within 180 calendar days, the Company may be eligible for additional time. The Company intends to monitor the closing bid price of its ordinary shares between now and April 11, 2023 and intends to consider available options to cure the deficiency and regain compliance with the Rule's minimum bid price requirement within the prescribed grace period. The Company's ordinary share will continue to be listed and trade on the Nasdaq Capital Market during this period, unaffected by the receipt of the written notice from Nasdaq. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. Reported Earnings • Sep 28
First half 2022 earnings released: EPS: US$0 (vs US$0.03 loss in 1H 2021) First half 2022 results: EPS: US$0 (improved from US$0.03 loss in 1H 2021). Revenue: US$42.9m (up 1.7% from 1H 2021). Net loss: US$8.4k (loss narrowed 99% from 1H 2021). Profit margin: 0% (up from net loss in 1H 2021). Tillkännagivande • Apr 01
ZK International Group Co., Ltd. (NasdaqCM:ZKIN) announces an Equity Buyback for $1 million worth of its shares. ZK International Group Co., Ltd. (NasdaqCM:ZKIN) announces a share repurchase program. Under the program, the company will repurchase up to $1 million of the company's outstanding common shares. The program is valid for 12 months. Reported Earnings • Jan 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.17 loss per share (down from US$0.05 loss in FY 2020). Revenue: US$99.4m (up 14% from FY 2020). Net loss: US$3.80m (loss widened 360% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
First half 2021 earnings released: US$0.03 loss per share (vs US$0.005 profit in 1H 2020) The company reported a soft first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: US$42.2m (up 5.0% from 1H 2020). Net loss: US$582.5k (down US$670.4k from profit in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 10
ZK International Group Co., Ltd. Wins A Three Year Procurement Bid to Upgrade the Municipal Water Infrastructure with Fuzhou Water Supply Group ZK International Group Co., Ltd. announced that the Company has been chosen as a key supplier for Fuzhou municipal water supply infrastructure upgrade program and entered into a three-year Strategic Procurement Agreement with Fuzhou Water Supply Group Co., Ltd. Fuzhou Water Group started the process of accepting bids and assessing each bid by various criteria such as production quality, manufacturing capacity, delivery period, and financial liquidity. Of all the companies that were invited to participate in the bidding program, ZK International made it to the final approved supplier list. Following the new regulation, Fuzhou Water Group is mandated to use stainless steel pipe for its future water pipe construction projects and pipe replacement projects. Tillkännagivande • Feb 26
ZK International Group Co., Ltd. has completed a Composite Units Offering in the amount of $4.600001 million. ZK International Group Co., Ltd. has completed a Composite Units Offering in the amount of $4.600001 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 1,295,775
Price\Range: $3.55
Discount Per Security: $0
Transaction Features: Registered Direct Offering Tillkännagivande • Feb 02
ZK International Group Co., Ltd. announced delayed 20-F filing On 02/01/2021, ZK International Group Co., Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 41% share price gain to US$3.31, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 8.9x. This compares to an average P/E of 20x in the Metals and Mining industry in the US. Total return to shareholders over the past three years is a loss of 73%. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improved over the past week After last week's 16% share price gain to US$2.59, the stock is trading at a trailing P/E ratio of 9.9x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 20x in the Metals and Mining industry in the US. Total return to shareholders over the past three years is a loss of 78%. Is New 90 Day High Low • Dec 29
New 90-day high: US$2.44 The company is up 88% from its price of US$1.30 on 29 September 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: US$2.32 The company is up 87% from its price of US$1.24 on 11 September 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. Tillkännagivande • Dec 12
ZK International Group Co., Ltd. to Form Joint Venture with Tuopeng Industrial ZK International Group Co., Ltd. announced that it signed a letter of intent with Tuopeng Industrial. ZK has worked with Tuopeng Industrial for more than 18 years, and together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total cost estimated to be RMB 4.9 Billion. The project is expected to be funded by the local government, which will be facilitated through the development and sales of the surrounding lands. The government of Chongqing, the largest city in western China, is planning to build a Navigation and Hydropower Junction on Qu River to connect the river, whereby making it possible for ships to directly sail to Shanghai via Chongqing. The project is a new model of inland river development, which is designed to provide services beyond navigation, such as electricity generation, water supply, flood and drought management, irrigation, fisheries, environmental services, and recreational activities. Such projects will have significant economic, social and environmental benefits to the area. Pursuant to the letter of intent, the Company will own 51% of the joint venture and Tuopeng Industrial will own 49%. The Company and Tuopeng Industrial have been negotiating with various levels of government and the deal depends on the completion of due diligence by all parties, the final approval of the government, and the board approval of both parties. If approved, the Company anticipates that this project will have a significant positive impact on the growth of the Company in 2021 and its expansion plans into the western China market will be underway. Tillkännagivande • Dec 01
ZK International Group and xSigma Corporation Introduces Defi Project ZK International Group and its wholly-owned subsidiary, xSigma Corporation announced the official launch of their decentralized finance (DeFi) project. ZK International founded xSigma in 2018 as a blockchain research and development lab tasked with solving real-world infrastructure challenges. Its mandate has expanded to all facets of the DeFi ecosystem, including stablecoins, custodial trading, wallet services and cross-chain lending. XSigma plans to become the first blockchain company to launch a unified DeFi ecosystem to promote mass adoption. xSigma is entering the DeFi market during a period of tremendous growth for decentralized exchanges and lending services. Despite its massive growth potential, DeFi faces several challenges that could limit adoption in the long term. A poor user experience, stuck transactions, impermanent loss and inexperienced teams are just some of the major pain points weighing down this nascent industry. To combat these challenges, xSigma is excite to announce the launch of its new DeFi project, beginning first with its decentralized stablecoin exchange. The xSigma DEX is designed to capture the true value of decentralized finance without the user experience issues that plague existing protocols. xSigma's DeFi ecosystem will begin with the launch of its decentralized stablecoin exchange, offering fair farming terms for liquidity providers and an intuitive user interface for users. The company's DeFi protocol features a simple user interface built on top of a sophisticated engine that supports pooling with reduced impermanent loss. It's the product of several years of research and development by xSigma. Following the successful launch of its decentralized exchange, xSigma will pursue a highly ambitious roadmap culminating in 2022 with the launch of its own stablecoin. XSigma's cutting edge product development is backed by some of the blockchain industry's most talented and recognizable names. The team brings a new level of legitimacy and transparency to a DeFi ecosystem that has lacked both during its infancy. As the first blockchain research lab to be backed by a publicly-traded NASDAQ company, xSigma is led by: Alex Lebed, a software engineer formerly of Facebook, Amazon and 1Inch, and is also the prizewinner of ethNY (awards from Binance labs, Wyre, Matic), ethBoston and ethDenver hackathons. Kamal Obbad, a Harvard graduate and former Google engineer who was featured in Forbes 30 Under 30 in healthcare. Daniel Garay, a product manager who used to work at Ripple and Google. XSigma is aiming to revolutionize the DeFi ecosystem by offering pragmatic solutions to the world of open finance. The combination of outstanding technology, an experienced team and public backing give xSigma a competitive edge and a reputational advantage over today's competitors. Valuation Update With 7 Day Price Move • Nov 26
Market bids up stock over the past week After last week's 37% share price gain to US$2.28, the stock is trading at a trailing P/E ratio of 8.7x, up from the previous P/E ratio of 6.3x. This compares to an average P/E of 19x in the Metals and Mining industry in the US. Total return to shareholders over the past three years is a loss of 71%. Is New 90 Day High Low • Nov 26
New 90-day high: US$2.28 The company is up 98% from its price of US$1.15 on 27 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. Tillkännagivande • Nov 20
ZK International Group Co., Ltd. Leads the Development of the New National Standards for Water Saving Design in Civil Building ZK International Group Co., Ltd. announced the approval of a new national standard for water conservation in China. The new standard that is going to be rolled out throughout China is referred as the "Water Saving Design Standards in Civil Building" (coded with GB 50555-2020) (the "Water Saving Design Standards"). This new national standard was promulgated by the Ministry of Housing and Urban-Rural Development ("MOHURD") and was jointly developed by ZK International and the China Architecture & Research Group. Water conservation is one of the critical problems in China and one which is only increasing in importance with continuing population growth and deteriorating effects of global warming. The heavy demand for domestic water use in municipal areas as well as the difficulties associated with building new reservoirs are also critical factors contribute to water shortages in municipal areas. Given such challenges, various government agencies in countries around the world are endeavoring to spread the concept of water conservation among their populaces. Consistent with this global trend, the MOHURD proposed the green building concept and introduced a group of design standards prioritize water conservation through high efficiency plumbing fixtures and building equipment designs. The Water Saving Design Standards are aimed to enforce standardized water saving designs for new construction, reconstruction and expansion projects across China. The Technical Specification marks another national standard primarily developed by ZK International and is expected to effectively promote the water saving designs in the domestic market. ZK International has previously led or participated in the development of multiple national, industry, or group standards relating stainless steel and carbon steel pipes and fittings, including GB/T19228.2-2011, GB/T29038-2012, GB/T50378-2019, 10S407-2, CJ/T466-2014, CJ/T151-2016, CJ/T 152-2016, CJJ/T110-2017, CECS229:2008, and CECS 277:2010. The Company also participates in the development of other 17 national, industry, or group standards. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 19% share price gain to US$1.80, the stock is trading at a trailing P/E ratio of 6.8x, up from the previous P/E ratio of 5.7x. This compares to an average P/E of 22x in the Metals and Mining industry in the US. Total return to shareholders over the past three years is a loss of 75%. Valuation Update With 7 Day Price Move • Oct 23
Market bids up stock over the past week After last week's 18% share price gain to US$1.63, the stock is trading at a trailing P/E ratio of 6.2x, up from the previous P/E ratio of 5.3x. This compares to an average P/E of 19x in the Metals and Mining industry in the US. Total return to shareholders over the past three years is a loss of 76%. Is New 90 Day High Low • Oct 22
New 90-day high: US$1.56 The company is up 5.0% from its price of US$1.48 on 24 July 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 8.0% over the same period.