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Wellchange Holdings Co Ltd

WCT Clue Score38
China Fiscal year ends December CIK 0001990251
$0.70 -28.29% Close, 12 Oct 2026
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Price $0.70 +88.20% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 2 Oct 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue1.7Operating income0.9Net income0.8EPS, diluted0.04Fiscal year 2023Revenue2.5 +49.0%Operating income1.2Net income0.9 +20.1%EPS, diluted2.34Fiscal year 2024Revenue2.3 −7.3%Operating income−0.5Net income−0.4 −146.0%EPS, diluted−1.06Fiscal year 2025Revenue1.3 −41.6%Operating income−6.3Net income−7.3EPS, diluted−4.73
FY2022FY2023FY2024FY2025
Revenue 1.7 2.5 2.3 1.3
Growth +49.0% −7.3% −41.6%
Operating income 0.9 1.2 −0.5 −6.3
Net income 0.8 0.9 −0.4 −7.3
Growth +20.1% −146.0%
EPS, diluted 0.04 2.34 −1.06 −4.73

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin78.9%Operating margin56.2%Net margin46.7%Free cash flow margin62.4%Fiscal year 2023Gross margin78.0%Operating margin47.5%Net margin37.7%Free cash flow margin32.0%Fiscal year 2024Gross margin70.0%Operating margin−19.8%Net margin−18.7%Fiscal year 2025Gross margin42.7%Operating margin−469.1%Net margin−543.2%
FY2022FY2023FY2024FY2025
Gross margin 78.9% 78.0% 70.0% 42.7%
Operating margin 56.2% 47.5% −19.8% −469.1%
Net margin 46.7% 37.7% −18.7% −543.2%
Free cash flow margin 62.4% 32.0% n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow1.2Capital expenditure−0.1Free cash flow1.0Fiscal year 2023Operating cash flow0.8Capital expenditure−0.0Free cash flow0.8 −23.6%Fiscal year 2024Operating cash flow−0.3Fiscal year 2025Operating cash flow−6.3
FY2022FY2023FY2024FY2025
Operating cash flow 1.2 0.8 −0.3 −6.3
Capital expenditure −0.1 −0.0 n/a n/a
Free cash flow 1.0 0.8 n/a n/a
Growth −23.6%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash0.3Shareholders’ equity0.8Fiscal year 2023Cash0.0Total debt0.5Net cash (debt)−0.5Shareholders’ equity2.0Debt to equity0.25Fiscal year 2024Cash0.3Total debt0.4Net cash (debt)−0.2Shareholders’ equity4.9Debt to equity0.09Fiscal year 2025Cash2.8Total debt0.4Net cash (debt)2.4Shareholders’ equity11.2Debt to equity0.04
FY2022FY2023FY2024FY2025
Cash 0.3 0.0 0.3 2.8
Total debt n/a 0.5 0.4 0.4
Net cash (debt) n/a −0.5 −0.2 2.4
Shareholders’ equity 0.8 2.0 4.9 11.2
Debt to equity n/a 0.25 0.09 0.04

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023† 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
1.7 2.5 2.3 1.3
Growth +49.0% −7.3% −41.6%
0.4 0.5 0.7 0.8
1.3 1.9 1.6 0.6
Growth +47.4% −16.7% −64.4%
0.1 0.1 0.1 0.1
0.9 1.2 −0.5 −6.3
Growth +26.0% −138.6%
0.9 1.2 −0.5 −6.4
0.2 0.2 −0.1 1.0
0.8 0.9 −0.4 −7.3
Growth +20.1% −146.0%
Per share
0.04 2.34 −1.06 −4.73
0.04 2.34 −1.06 −4.73
Growth +5,910.3% −145.3%
20.0 0.4 0.4 1.5
20.0 0.4 0.4 1.5
Growth −98.0% +1.5% +280.9%

† The diluted share count jumps at 2023 and 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • A net loss in 2 of 4 years on file.