WF International (WXM)
Supplies and installs HVAC, floor-heating, and water-purification systems for Chinese commercial projects.
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Provides HVAC, ventilation, floor-heating, and water-purification equipment and project delivery for commercial and higher-end residential developments in China. Revenue is centered on project work that combines system configuration, procurement, installation, and warranty-period support.
Supplies, configures, installs, and maintains HVAC, ventilation, floor-heating, and water-purification systems for commercial projects and higher-end residential developments in China. Projects span offices, hotels, hospitals, data centers, retail sites, factories, educational institutions, and residential developments, with operations centered on Chengdu and extending to other Chinese cities.
Wins work mainly through individual and joint-procurement tenders with property developers and brand manufacturers. It combines manufacturer-sourced equipment with installation subcontractors, then supports systems during warranty periods; product sales and standalone service work complement project delivery.
Operates through PRC subsidiaries beneath a Cayman holding company. Revenue and long-lived assets are in China, and the business depends on construction qualifications, property-development investment, customer financing, suppliers, subcontractors, and tender economics.
Company facts
Categories
No analyst consensus on record.
Not reported.
Balance sheet, Sep 30, 2025Cash & short-term investments $2.9M · Total debt $3.5M · Total assets $13.7M · Shareholders' equity $4.8M
- Revenue
- $4.8M
- Operating income
- −$348.6K
- Net income
- −$250.6K
No dividends on record.
| Institutions2 holders · as of Mar 31, 2026 | 0.34% | 3.9K shares | |
| Insiders2 holders · as of Mar 18, 2026 | 39.53% | 445.5K shares | |
| Otherremainder | 60.13% | 677.5K shares |
1.13M company shares as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Ke ChenInsiderdirector, officer: Chief Executive Officer | 24.89% | 280,500 | Form 4filed Mar 18, 2026 ↗ |
Ni JiangInsiderdirector | 14.64% | 165,000 | Form 4filed Mar 18, 2026 ↗ |
XTX Topco LtdInstitution | 0.34% | 37,865 | 13Fas of Mar 31, 2026 |
UBS Group AGInstitution | 0.01% | 681 | 13Fas of Mar 31, 2026 |
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
Nothing filed in the last 12 months.
- Johnson Controls
York HVAC, controls, and service contest Chinese building-system projects.
- Carrier Global
Carrier and Toshiba HVAC systems contend for commercial project selection.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| WF International | $4.28 | −1.95% | $4.7M | — | — | 0.4 | — |
| Johnson Controls | $139.40 | +0.11% | $84.35B | 24.3 | 24.1 | 3.4 | +9.3% |
| Carrier Global | $58.01 | +0.76% | $47.46B | 40.0 | 18.5 | 2.1 | +3.9% |
| Median | 32.1 | 21.3 | 2.8 | +6.6% |




