WNW Nasdaq Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics Financials FY2018βFY2025
Meiwu Technology Co Ltd had $7.1M of revenue in fiscal 2025, up 4,367.6% on the year before. Over five years, revenue changed β20.4% a year on average.
Hi! I read Meiwu Technology Co Ltdβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+4,367.6%
Yes. Sales grew 4,367.6% last year.
Does it make a profit?
β262.5%
No. It lost money last year.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Meiwu Technology Co Ltd had $7.1M of revenue in fiscal 2025, up 4,367.6% on the year before. Over five years, revenue changed β20.4% a year on average. Its operating margin was β124.1%, up 1,167.4Β pts: of every 100 in sales, about β124 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Margins, % of revenue
KIRA Β· Meiwu Technology Co Ltd lost $18.6M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.0M and sold $0.0M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
1 insider
Sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Meiwu Technology Co Ltd can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $26.6M | $23.7M | $16.1M | $43.4M | $17.9M |
| Debt incl. finance leases | $0.5M | $0.9M | $0.4M | β | β |
| Debt / equity | 0.0x | 0.0x | 0.0x | β | β |
| Current ratio | 7.4x | 3.6x | 2.7x | 90.1x | 15.8x |
| Quick ratio | 7.2x | 3.5x | 2.7x | 90.1x | 15.8x |
| Total assets | $28.3M | $38.0M | $20.6M | $60.9M | $50.7M |
| Total liabilities | $10.7M | $17.9M | $11.6M | $2.0M | $1.3M |
| Shareholders' equity | $17.6M | $20.2M | $9.4M | $59.4M | $49.4M |
| Net debt (β = net cash) | β$26.1M | β$22.8M | β$15.6M | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Meiwu Technology Co Ltd passes 3 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 7 | 4 / 8 | 4 / 8 | 1 / 9 | 4 / 9 | 4 / 8 | 3 / 8 |
| Accruals ratio | β30.3% | β52.7% | β34.7% | 23.1% | β16.7% | β53.1% | 46.0% | β49.5% |
| Altman Z'' | β | β9.94 | 4.13 | 6.39 | 2.77 | β0.83 | 36.44 | 37.09 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.1M | $7.7M | $22.1M | $12.3M | $11.0M | $11.0M | $0.2M | $7.1M |
| Gross profit | $0.2M | $1.9M | $4.2M | $2.8M | $1.2M | $2.6M | $0.1M | $0.7M |
| Research and development | $0.2M | $0.3M | $0.5M | $0.5M | $1.0M | $0.1M | $0.0M | $2.7M |
| Operating income | β$1.0M | β$1.8M | β$2.2M | β$1.1M | β$3.7M | β$1.5M | β$2.0M | β$8.8M |
| Pretax income | β$1.0M | β$1.8M | β$2.2M | β$1.1M | β$11.0M | β$16.1M | $4.7M | β$18.2M |
| Income tax | β | β | β | β | $0.2M | $0.2M | β$0.4M | β |
| Net income | β$1.1M | β$1.8M | β$2.2M | β$1.1M | β$11.1M | β$16.1M | $5.1M | β$18.6M |
| Diluted EPS | β$0.06 | β$0.11 | β$0.12 | β$0.97 | β$10.04 | β$6.28 | $0.45 | β$0.82 |
| Diluted shares | 0.02B | 0.02B | 0.02B | 0.00B | 0.00B | 0.00B | 0.01B | 0.02B |
| Cash flow | ||||||||
| Cash from operations | β$0.5M | β$0.4M | $4.9M | β$8.7M | β$5.5M | β$0.5M | β$13.6M | $9.0M |
| Capital expenditure | $0.0M | $0.1M | $0.0M | $0.1M | $0.0M | $0.0M | β | β |
| Free cash flow | β$0.6M | β$0.5M | $4.8M | β$8.8M | β$5.5M | β$0.5M | β | β |
| Depreciation and amortization | $0.1M | $0.1M | $0.3M | $0.4M | $0.1M | $0.2M | $0.1M | $2.9M |
| Stock-based compensation | β | β | β | β | β | β | $0.4M | $0.8M |
| Balance sheet | ||||||||
| Cash and short-term investments | β | $0.6M | $7.0M | $26.6M | $23.7M | $16.1M | $43.4M | $17.9M |
| Total debt | β | β | β | $0.5M | $0.9M | $0.4M | β | β |
| Current assets | β | $1.6M | $36.4M | $28.0M | $29.9M | $20.4M | $60.9M | $20.8M |
| Current liabilities | β | $3.2M | $13.0M | $3.8M | $8.3M | $7.6M | $0.7M | $1.3M |
| Inventory | β | $0.3M | $1.5M | $0.4M | $0.3M | $0.1M | β | $0.1M |
| Property and equipment, net | β | $0.3M | $0.3M | $0.3M | $0.2M | $0.1M | β | β |
| Goodwill | β | β | β | β | $7.7M | β | β | β |
| Intangible assets | β | β | β | β | β | β | β | $29.9M |
| Total assets | $1.9M | $3.2M | $37.5M | $28.3M | $38.0M | $20.6M | $60.9M | $50.7M |
| Total liabilities | β | $4.9M | $20.6M | $10.7M | $17.9M | $11.6M | $2.0M | $1.3M |
| Shareholders' equity | β$0.8M | β$1.6M | $16.9M | $17.6M | $20.2M | $9.4M | $59.4M | $49.4M |
| Margins | ||||||||
| Gross margin | 21.2% | 24.8% | 18.8% | 23.2% | 10.7% | 23.5% | 42.3% | 10.1% |
| Operating margin | β91.3% | β22.9% | β10.1% | β9.0% | β34.1% | β13.8% | β1,291.5% | β124.1% |
| EBITDA margin | β85.8% | β21.6% | β8.7% | β5.8% | β33.3% | β12.1% | β1,211.3% | β83.3% |
| Net margin | β102.2% | β22.8% | β10.0% | β8.8% | β100.9% | β146.4% | 3,226.9% | β262.5% |
| FCF margin | β52.3% | β6.4% | 21.8% | β71.6% | β50.5% | β4.6% | β | β |
| Returns | ||||||||
| Return on capital employed | β | β8,296.7% | β9.1% | β4.5% | β12.6% | β11.7% | β3.4% | β17.8% |
| Return on equity | β | β | β29.1% | β6.3% | β58.5% | β108.5% | 14.9% | β34.2% |
| Return on assets | β58.9% | β68.7% | β10.9% | β3.3% | β33.4% | β54.9% | 12.5% | β33.3% |
| Return on tangible equity | β | β | β13.1% | β6.1% | β88.5% | β170.7% | 8.6% | β95.3% |
| Growth | ||||||||
| Revenue growth | β | 613.5% | 188.0% | β44.6% | β10.4% | β0.0% | β98.6% | 4,367.6% |
| Net income growth | β | β | β | β | β | β | β | β463.5% |
| EPS growth | β | β | β | β | β | β | β | β282.2% |
| FCF growth | β | β | β | β281.9% | β | β | β | β |
| Share count change | β | 4.2% | 29.2% | β96.3% | 71.9% | 104.5% | 334.8% | 95.8% |
| Financial health | ||||||||
| Debt / equity | β | β | β | 0.0x | 0.0x | 0.0x | β | β |
| Current ratio | β | 0.5x | 2.8x | 7.4x | 3.6x | 2.7x | 90.1x | 15.8x |
| Quick ratio | β | 0.4x | 2.7x | 7.2x | 3.5x | 2.7x | 90.1x | 15.8x |
| Capital allocation | ||||||||
| Capex / revenue | 2.8% | 1.0% | 0.1% | 0.7% | 0.2% | 0.1% | β | β |
| Stock comp / revenue | β | β | β | β | β | β | 279.4% | 11.7% |
| Quality scores | ||||||||
| Piotroski F-score | β | 4.0 | 4.0 | 4.0 | 1.0 | 4.0 | 4.0 | 3.0 |
| Altman Z'' | β | β9.9 | 4.1 | 6.4 | 2.8 | β0.8 | 36.4 | 37.1 |
| Accruals ratio | β30.3% | β52.7% | β34.7% | 23.1% | β16.7% | β53.1% | 46.0% | β49.5% |
Source: SEC EDGAR XBRL filings (CIK 0001787803). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
