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Top KingWin Ltd

WAI NASDAQ Categories PDF
Financial Services · Financial - Capital Markets · China · Updated May 10, 8:15pm
$1.96
Price
$900,779
Market Cap
85
Employees
1.95
Beta
Ruilin Xu
CEO
Business Description

Top KingWin Ltd provides corporate business training, corporate consulting, and advisory and transaction services in the People's Republic of China. It serves entrepreneurs and executives in small and medium enterprises. The company was founded in 2018 and is headquartered in Guangzhou, China. Top KingWin Ltd operates as a subsidiary of Xu Ruilin Capital CO., Ltd.

Business History
Price Overview
Last updated: May 11, 2026 1:56pm (just now)
$1.90
-0.06 (-3.06%)
Day Range
$1.89 – $1.95
52-Week Range
$1.65 – $94.00
50-Day MA
$2.23
200-Day MA
$3.31
Volume
2,968.00
Share Structure
Outstanding 459,581.00
Float 457,212.00
Free Float 99.5%
High free float — 99.5% of shares trade freely, ~0.5% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Small absolute float (0.5M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-0.52
Stock Price: $1.96
EPS (Diluted): -3.74
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.44
Stock Price: $1.96
Total Equity: $4.34M
Shares: 892,314
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
0.30
Market Cap: $900,779
Total Debt: $0.00
Cash: $1.87M
EBITDA: -$3.36M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$28,107
Market Cap: $900,779
Total Debt: $0.00
Cash: $1.87M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
7.7%
Gross Profit: $85,712
Revenue: $1.12M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-301.6%
Operating Income: -$3.37M
Revenue: $1.12M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-298.8%
Net Income: -$3.34M
Revenue: $1.12M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-16.7%
Net Income: -$3.34M
Total Equity: $4.34M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-77.7%
Operating Income: -$3.37M
Tax Rate: 0.0%
Equity: $4.34M
Total Debt: $0.00
Cash: $1.87M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
11.11
Current Assets: $4.76M
Current Liabilities: $428,278
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $4.34M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$1.25
Revenue: $1.12M
Shares: 892,314
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$4.86
Total Equity: $4.34M
Shares: 892,314
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.20
Operating CF: -$180,300
CapEx: -$1,400
Shares: 892,314
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.96
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$3.34M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WAI against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $6.3M $3.1M $5.4M $3.8M $1.1M
Cost of Revenue $1.4M $957,112 $1.9M $2.4M $1.0M
Gross Profit $4.9M $2.2M $3.6M $1.3M $85,712
Operating Expenses $1.9M $3.1M $6.1M $8.5M $3.5M
Operating Income $3.0M $-919,790 -$2.5M -$7.1M -$3.4M
Net Income $2.3M $-771,483 -$2.5M -$8.7M -$3.3M
EBITDA $3.1M $-855,133 -$2.4M -$4.1M -$3.4M
EPS $0.61 $-0.19 $-0.61 $-10.05 $-3.74
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $3.8M $2.7M $4.6M $2.8M $1.9M
Total Current Assets $5.0M $2.9M $6.6M $40.8M $4.8M
Total Assets $5.9M $5.1M $10.2M $41.6M $4.8M
Current Liabilities $2.6M $2.9M $2.7M $5.6M $428,278
Long-Term Debt $0 $0 $0 $0 $0
Total Liabilities $3.1M $3.3M $2.8M $5.9M $428,278
Total Equity $2.8M $1.8M $7.4M $35.7M $4.3M
Retained Earnings $2.3M $1.6M $-928,311 -$9.6M -$4.8M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $585,232 -$1.4M -$1.6M -$39.4M $-180,300
Capital Expenditure $-20,402 $-45,679 $-91,263 $-53,963 $-1,400
Free Cash Flow $564,830 -$1.4M -$1.7M -$39.4M $-181,700
Acquisitions (net) $0 $0 -$4.0M $54,063 $66,768
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $3.7M $-229,398 $2.0M -$1.8M $1.5M
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth -50.4% +74.5% -31.2% -70.2%
Gross Profit Growth -56.2% +65.8% -63.0% -93.6%
Operating Income Growth -130.2% -170.4% -186.7% +52.7%
Net Income Growth -133.4% -230.2% -240.7% +61.5%
EBITDA Growth -127.8% -181.6% -68.8% +17.3%
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27