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WXM

WF International Limited Ordinary Shares

WXM

WF International Limited Ordinary Shares • NASDAQ
$0.55 ▲ 0.64% (+0.00)
Market Cap $3.78 M
52w High $7.99
52w Low $0.41
Dividend Yield 0%
P/E 18.27
Volume 189.47K
Outstanding Shares 6.90M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $4.814M ▼ $1.031M ▲ $-250.599K ▼ -5.206% ▼ $-0.035 ▼ $-240.648K ▼
Q3-2024 $7.852M ▲ $224.893K ▼ $825.679K ▲ 10.515% ▲ $0 ▼ $1.157M ▲
Q4-2023 $3.716M ▼ $225.239K ▲ $156.588K ▼ 4.214% ▼ $0.022 ▼ $259.882K ▼
Q3-2023 $4.088M $224.487K $510.43K 12.486% $0.072 $732.802K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.781M ▲ $12.226M ▲ $8.272M ▲ $3.954M ▼
Q4-2024 $808.915K ▲ $11.823M ▲ $7.438M ▲ $4.384M ▼
Q3-2024 $270.115K ▲ $11.693M ▲ $7.176M ▲ $4.517M ▲
Q4-2023 $120.913K ▼ $9.449M ▲ $6.403M ▼ $3.046M ▲
Q2-2023 $184.896K $8.906M $6.874M $2.032M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-250.599K ▼ $659.155K ▲ $-121.87K ▼ $-21.721K ▼ $550.525K ▲ $537.285K ▲
Q3-2024 $825.679K ▲ $-279.771K ▲ $132 ▼ $164.795K ▲ $-118.307K ▲ $-279.639K ▲
Q4-2023 $156.588K ▼ $-1.166M ▼ $828.933K ▲ $-27.907K ▲ $-356.019K ▼ $-1.166M ▼
Q3-2023 $510.43K $907.307K $-747.259K $-67.564K $51.283K $899.577K

Five-Year Company Overview

Income Statement

Income Statement The reported income statement suggests a very small-scale business with modest revenue and results hovering around break-even over the last few years. Earnings per share have jumped around despite little visible change in revenue, which may reflect one-off items, low base effects, or share count changes rather than a clearly growing core business. Overall, the income profile looks thin and fragile, with no clear trend of strong, steady growth yet visible from these figures alone.

Balance Sheet

Balance Sheet The balance sheet appears extremely light, with very small reported asset and equity levels and no financial debt. On paper this implies low leverage, but also a very narrow financial cushion if projects are delayed or costs overrun. Reported cash is essentially negligible, which could be a rounding issue but, if accurate, would mean the company has limited buffer against shocks and is heavily reliant on ongoing project cash flows or external funding to operate comfortably.

Cash Flow

Cash Flow The cash flow data show almost no reported operating cash generation, no visible investment spending, and no free cash flow, which likely reflects either rounding or very small-scale operations. This makes it hard to judge the true underlying cash engine of the business. What is clear is that the company looks asset-light and investment-light on paper, but the lack of clear positive cash flow trends adds uncertainty about the resilience and self-funding capacity of the business.

Competitive Edge

Competitive Edge Commercially, WF International’s strength lies in being an integrator rather than a manufacturer. It focuses on designing, supplying, installing, and maintaining HVAC, floor heating, and water purification systems for large and high-end projects, mainly in China. Its edge comes from experience on complex projects, strong relationships with major developers, and long-standing distributorships with well-known global brands. This combination gives it credibility and a differentiated, one-stop solution in a crowded HVAC market. The flip side is reliance on partners for technology and on a competitive, cyclical Chinese construction and real estate environment for project flow.

Innovation and R&D

Innovation and R&D The company does not appear to invest heavily in its own proprietary technology. Instead, it “innovates” through how it combines and customizes advanced systems from partners like Hisense, Hitachi, and others into integrated, energy-efficient, and increasingly smart-building solutions. Its know-how is in system design, project-specific customization, and lifecycle service rather than in core R&D. Looking ahead, its innovation story will likely center on deeper smart-building integration, more sophisticated energy management solutions, and new partnerships, rather than in-house product breakthroughs.

Summary

Overall, WF International looks like a small, specialist project and integration player with a light balance sheet and limited visible financial scale, but with meaningful operational strengths in execution, partnerships, and niche positioning in high-end and large-building projects. The business story is more compelling than the reported financial depth: strong relationships, a track record of complex projects, and alignment with trends like energy efficiency and smart buildings. At the same time, the very thin reported financials, dependence on partners, and exposure to China’s competitive and cyclical construction market introduce significant uncertainty and sensitivity to external conditions. Future performance will hinge on its ability to keep winning sizable projects, maintain and expand key alliances, and translate its operational positioning into more robust and visible cash-generating power.

NEWS

November 13, 2025 · 8:40 AM UTC

WF International Awarded Hisense HVAC Distribution Rights for China Market

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November 6, 2025 · 4:00 PM UTC

WF International Announces Closing of $3.44 Million Follow-on Public Offering

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November 5, 2025 · 4:05 PM UTC

WF International Secures HITACHI Distributorship for Advanced HVAC Systems in China

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November 5, 2025 · 8:00 AM UTC

WF International Announces Pricing of $3.44 Million Follow-on Public Offering

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October 28, 2025 · 8:35 AM UTC

WF International Completes $850K HVAC Contract for Chongqing's Flagship Eco-Luxury Development

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