Overview
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- TickerWXM on Nasdaq1
- IndustryConstruction - Special Trade Contractors1
- HeadquartersChengdu, China1
- Incorporated inCayman Islands3
- Business addressNo. 1110 11Th Fl, Unit 1 Bldg 7 No. 477 Wanxing Rd, Chengdu, F4 0000003
- Filer categoryNon-accelerated filer, Emerging growth company3
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HVAC services for 20,000 square meters with Gree brand units for the Chengdu Longguang Century Center project.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
8.8%Gross margin2
-21.4%Operating margin2
-24.5%Net margin2
-13.7%Revenue growth, 20252
-69.1%Return on equity2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Projects brought in 92% of the revenue WF International Ltd. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Projects | $8.8M | $7.5M | $12.3M |
| Products | $6.2M | $7.7M | $811.8K |
| Services | $365.9K | $308.5K | $246.6K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue91¢$12.2M
- Other costs7¢$891.1K
- Income tax2¢$281.9K
Out of $13.4M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Revenues | $13.4M | $15.5M | $15.3M |
| Cost of revenues | -$12.2M | -$12.6M | -$12.2M |
| GROSS PROFIT | $1.2M | $2.9M | $3.1M |
| Selling expenses | -$34.4K | -$34.8K | -$139.4K |
| General and administrative expenses | -$4.0M | -$795.6K | -$727.0K |
| Impairment losses | -$2.0K | -$656.3K | |
| TOTAL OPERATING EXPENSES | -$4.0M | -$1.5M | -$866.4K |
| (LOSS) INCOME FROM OPERATIONS | -$2.9M | $1.4M | $2.2M |
| Interest expenses, net of interest income | -$106.8K | -$134.0K | -$153.2K |
| Other finance cost | -$12.2K | -$17.9K | -$49.6K |
| Other (expense) income, net | -$15.7K | $97.7K | $1.5K |
| Total other expense, net | -$134.8K | -$54.3K | -$201.3K |
| (LOSS) INCOME BEFORE INCOME TAXES | -$3.0M | $1.3M | $2.0M |
| INCOME TAXES PROVISION | -$281.9K | -$380.6K | -$510.7K |
| NET (LOSS) INCOME | -$3.3M | $962.7K | $1.5M |
| Foreign currency translation adjustment | -$42.3K | $119.6K | -$73.8K |
| COMPREHENSIVE (LOSS) INCOME | -$3.3M | $1.1M | $1.4M |
| Earnings per share - Basic | -$0.53 | $0.18 | $0.27 |
| Earnings per share - Diluted | -$0.53 | $0.18 | $0.27 |
| Weighted Average Number of Ordinary Shares Outstanding - Basic | 6.2M shares | 5.5M shares | 5.5M shares |
| Weighted Average Number of Ordinary Shares Outstanding - Diluted | 6.2M shares | 5.5M shares | 5.5M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Cash | $2.9M | $808.9K | ||
| Restricted cash | $198.4K | $147.1K | ||
| Accounts receivable, net | $2.7M | $2.1M | ||
| Inventories | $215.0K | $5.8K | ||
| Contract assets, net | $1.7M | $3.3M | ||
| Contract fulfilment costs, net | $0 | $2.4M | ||
| Advance to suppliers | $1.0M | $81.8K | ||
| Loans and interests receivable from third parties | $640.3K | |||
| Prepayment and other receivables, net | $222.3K | $201.7K | ||
| Deferred offering costs | $53.0K | $843.1K | ||
| TOTAL CURRENT ASSETS | $9.7M | $9.9M | ||
| Property and equipment, net | $718.5K | $127.8K | ||
| Right-of-use assets operating leases | $287.5K | $71.8K | ||
| Restricted cash non-current | $300.0K | $201.3K | ||
| Contract assets, net non-current | $1.9M | $1.0M | ||
| Prepayments for long-term assets | $688.3K | $125.0K | ||
| Software, net | $83.2K | $110.8K | ||
| Deferred tax assets | $271.5K | |||
| TOTAL NON-CURRENT ASSETS | $4.0M | $1.9M | ||
| TOTAL ASSETS | $13.7M | $11.8M | ||
| Short-term bank loans | $2.3M | $1.9M | ||
| Current portion of long-term loans | $802.7K | |||
| Operating lease liabilities current | $180.8K | $34.5K | ||
| Contract liabilities | $163 | $512.2K | ||
| Accounts payable | $2.1M | $1.9M | ||
| Other payables and accrued liabilities | $1.5M | $695.8K | ||
| Due to shareholders | $70.8K | $56.8K | ||
| Taxes payable | $1.9M | $1.8M | ||
| TOTAL CURRENT LIABILITIES | $8.7M | $6.8M | ||
| Long-term loans | $60.2K | $570.0K | ||
| Operating lease liabilities non-current | $163.1K | $41.4K | ||
| TOTAL NON-CURRENT LIABILITIES | $223.3K | $611.4K | ||
| TOTAL LIABILITIES | $8.9M | $7.4M | ||
| Ordinary shares, $0.000001 par value, 49,000,000,000 shares authorized, 6,900,000 and 5,500,000 shares issued and outstanding as of September 30, 2025 and 2024, respectively | $7 | $6 | ||
| Additional paid in capital | $6.6M | $2.9M | ||
| Statutory reserves | $186.2K | $186.2K | ||
| (Deficits)/ Retained earnings | -$1.8M | $1.5M | ||
| Accumulated other comprehensive loss | -$224.4K | -$182.1K | ||
| TOTAL SHAREHOLDERS EQUITY | $4.8M | $4.4M | $3.0M | $941.3K |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $13.7M | $11.8M | ||
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Common Stock, Shares Authorized | 49.0B shares | 49.0B shares | ||
| Common Stock, Shares, Issued | 6.9M shares | 5.5M shares | ||
| Common Stock, Shares, Outstanding | 6.9M shares | 5.5M shares | ||
| Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Preferred Stock, Shares Authorized | 1.0B shares | 1.0B shares | ||
| Preferred Stock, Shares Issued | 0 shares | 0 shares | ||
| Preferred Stock, Shares Outstanding | 0 shares | 0 shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Cash | $2.9M | $808.9K | ||
| Restricted cash | $198.4K | $147.1K | ||
| Accounts receivable, net | $2.7M | $2.1M | ||
| Inventories | $215.0K | $5.8K | ||
| Contract assets, net | $1.7M | $3.3M | ||
| Contract fulfilment costs, net | $0 | $2.4M | ||
| Advance to suppliers | $1.0M | $81.8K | ||
| Loans and interests receivable from third parties | $640.3K | |||
| Prepayment and other receivables, net | $222.3K | $201.7K | ||
| Deferred offering costs | $53.0K | $843.1K | ||
| TOTAL CURRENT ASSETS | $9.7M | $9.9M | ||
| Property and equipment, net | $718.5K | $127.8K | ||
| Right-of-use assets operating leases | $287.5K | $71.8K | ||
| Restricted cash non-current | $300.0K | $201.3K | ||
| Contract assets, net non-current | $1.9M | $1.0M | ||
| Prepayments for long-term assets | $688.3K | $125.0K | ||
| Software, net | $83.2K | $110.8K | ||
| Deferred tax assets | $271.5K | |||
| TOTAL NON-CURRENT ASSETS | $4.0M | $1.9M | ||
| TOTAL ASSETS | $13.7M | $11.8M | ||
| Short-term bank loans | $2.3M | $1.9M | ||
| Current portion of long-term loans | $802.7K | |||
| Operating lease liabilities current | $180.8K | $34.5K | ||
| Contract liabilities | $163 | $512.2K | ||
| Accounts payable | $2.1M | $1.9M | ||
| Other payables and accrued liabilities | $1.5M | $695.8K | ||
| Due to shareholders | $70.8K | $56.8K | ||
| Taxes payable | $1.9M | $1.8M | ||
| TOTAL CURRENT LIABILITIES | $8.7M | $6.8M | ||
| Long-term loans | $60.2K | $570.0K | ||
| Operating lease liabilities non-current | $163.1K | $41.4K | ||
| TOTAL NON-CURRENT LIABILITIES | $223.3K | $611.4K | ||
| TOTAL LIABILITIES | $8.9M | $7.4M | ||
| Ordinary shares, $0.000001 par value, 49,000,000,000 shares authorized, 6,900,000 and 5,500,000 shares issued and outstanding as of September 30, 2025 and 2024, respectively | $7 | $6 | ||
| Additional paid in capital | $6.6M | $2.9M | ||
| Statutory reserves | $186.2K | $186.2K | ||
| (Deficits)/ Retained earnings | -$1.8M | $1.5M | ||
| Accumulated other comprehensive loss | -$224.4K | -$182.1K | ||
| TOTAL SHAREHOLDERS EQUITY | $4.8M | $4.4M | $3.0M | $941.3K |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $13.7M | $11.8M | ||
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Common Stock, Shares Authorized | 49.0B shares | 49.0B shares | ||
| Common Stock, Shares, Issued | 6.9M shares | 5.5M shares | ||
| Common Stock, Shares, Outstanding | 6.9M shares | 5.5M shares | ||
| Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Preferred Stock, Shares Authorized | 1.0B shares | 1.0B shares | ||
| Preferred Stock, Shares Issued | 0 shares | 0 shares | ||
| Preferred Stock, Shares Outstanding | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net (loss) income | -$3.3M | $962.7K | $1.5M |
| Depreciation | $47.9K | $35.9K | $35.7K |
| Amortization | $25.7K | $17.6K | $3.2K |
| Expensed deferred IPO cost | $150.0K | ||
| Provision for impairment loss | $2.0K | $656.3K | |
| Provision for (recovery of) credit losses | $1.0M | -$229.9K | -$1.7K |
| Deferred tax provision (benefits) | $264.1K | -$124.0K | -$20.1K |
| Non-cash operating lease expense | $94.9K | $39.3K | $38.5K |
| Accounts receivable | -$1.2M | -$425.0K | -$383.2K |
| Contract fulfilment costs | $2.4M | $327.1K | $801.6K |
| Inventories | -$206.5K | $10.9K | $153.0K |
| Contract assets | $126.2K | -$1.2M | -$1.7M |
| Prepayment and other receivables | -$54.4K | $20.2K | -$42.9K |
| Advance to suppliers | -$940.0K | -$48.7K | $108.8K |
| Operating lease liabilities | -$43.3K | -$43.3K | -$42.5K |
| Accounts payable | $227.4K | -$111.6K | -$948.6K |
| Contract liabilities | -$498.2K | $193.2K | -$1.0M |
| Other payables and accrued liabilities | $784.9K | -$93.0K | -$88.1K |
| Taxes payable | $85.4K | $659.0K | $797.7K |
| NET CASH (USDED IN) PROVIDED BY OPERATING ACTIVITIES | -$1.1M | $826.5K | -$810.7K |
| Repayment received from shareholder loans | $240.4K | ||
| Loans to third parties | -$648.9K | ||
| Purchases of property and equipment | -$511.2K | -$27.7K | |
| Purchases of a software | -$81.0K | -$14.7K | |
| Prepayment for purchase of equity investment | -$679.4K | ||
| Prepayment of purchases of property and equipment | -$121.7K | ||
| NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES | -$1.8M | -$202.7K | $197.9K |
| Payments for deferred offering costs | -$1.1M | -$60.7K | -$7.1K |
| Gross proceeds from issuance of ordinary shares in the IPO | $5.6M | ||
| Proceeds from shareholder loans | $6.7K | $16.0K | $36.9K |
| Proceeds from bank loans and third-party loans | $2.6M | $2.9M | $2.4M |
| Repayments of bank loans and third-party loans | -$1.9M | -$2.7M | -$2.0M |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | $5.2M | $83.6K | $463.5K |
| EFFECT OF CHANGES OF FOREIGN EXCHANGE RATES ON CASH AND RESTRICTED CASH | $14.0K | $35.3K | -$9.4K |
| NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH | $2.3M | $742.7K | -$158.6K |
| Cash paid for income tax | $125.5K | $57 | $1.2K |
| Cash paid for interests | $123.8K | $134.0K | $153.2K |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $289.6K | $13.4K | |
| Capital contributed by shareholders | $256.2K | $669.0K | |
| Deferred costs related to initial public offering | -$256.2K | -$669.0K | |
| Cash | $2.9M | $808.9K | $120.9K |
| Restricted cash | $498.4K | $348.4K | $293.7K |
| Total cash and restricted cash shown in the Consolidated Statements of Cash Flows | $3.4M | $1.2M | $414.6K |
No quarter-by-quarter statement was filed.
What it owns
What WF International Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $846.9K2 Sep 30, 2025 | $208.8K2 Sep 30, 2024 | +305.5% |
| Accumulated depreciation | $128.4K2 Sep 30, 2025 | $81.0K2 Sep 30, 2024 | +58.5% |
| Property and equipment, net | $718.5K2 Sep 30, 2025 | $127.8K2 Sep 30, 2024 | +462.1% |
| Operating-lease assets (leased space) | $287.5K2 Sep 30, 2025 | $71.8K2 Sep 30, 2024 | +300.3% |
Inventory
Leadership
Who has led WF International Ltd., and when. Pick a name to see everywhere that person has worked.
- Chief financial officerJing Zheng Mar 26, 2026 to now6
- Chief operating officerZiyi Liu Mar 18, 2026 to now7
Filings
81 filings to the SEC since October 2021: 2 annual reports, 7 insider forms, 72 other. The latest 20:
- Sep 11, 20266-K EDGAR
- Sep 11, 2026424B5 EDGAR
- Sep 11, 20266-K EDGAR
- Aug 20, 20266-K EDGAR
- Aug 20, 2026424B5 EDGAR
- Aug 19, 20266-K EDGAR
- Aug 17, 20266-K/A EDGAR
- Aug 10, 20266-K EDGAR
- Jun 26, 20266-K EDGAR
- Jun 25, 20266-K EDGAR
- Jun 1, 20266-K EDGAR
- May 27, 2026EFFECT EDGAR
- May 27, 2026EFFECT EDGAR
- May 26, 2026UPLOAD EDGAR
- May 22, 2026CORRESP EDGAR
- May 12, 2026POS AM EDGAR
- May 11, 2026F-3 EDGAR
- May 5, 20266-K EDGAR
- Apr 2, 20266-K EDGAR
- Mar 26, 20263 EDGAR
The 81 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How WF International Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARWF International Ltd.1
- CIK0001979610
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsSeptember 301
- Industry code (SIC)1700 Construction - Special Trade Contractors1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business addressNo. 1110 11Th Fl, Unit 1 Bldg 7 No. 477 Wanxing Rd, Chengdu, F4 0000001
- Phone86028862108821
- Shares outstanding6,900,000 shares as of Sep 30, 20254
- AuditorZH CPA, LLC, Denver, Colorado PCAOB ID 6413; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJun 30, 20231
- Filings81 in all: 6-K (16), CORRESP (15), UPLOAD (9), F-1/A (8), 3 (7), EFFECT (4), 424B4 (3), POS AM (3)1
All 19 form types
20-F (2), 424B5 (2), DRS (2), DRS/A (2), F-1 (2), 424B3 (1), 6-K/A (1), 8-A12B (1), CERT (1), F-3 (1), NT 20-F (1)
- Latest filingsAnnual report (20-F) Jan 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary shares, par value $0.000001 per share | WXM | Nasdaq |
From the cover page of the 20-F filed Jan 30, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6SEC EDGARJing Zheng, Chief financial officer
- 7SEC EDGARZiyi Liu, Chief operating officer
- 8SEC EDGARNi Jiang, Board member
- 9SEC EDGARSiqi Chen, Board member
- 10SEC EDGARTrent D. Davis, Board member