Meiwu Technology Co Ltd
WNW · Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics · EDGAR filings ↗
Grade
D42Tiny China-based skincare company with explosive percentage revenue growth off a microscopic base, but huge impairments and deep losses.
Strengths
- Revenue grew to $7.1M (growth 89th pct) and reported positive operating cash margin
- Cash $17.9M with very high current ratio (15.8, 100th pct)
Risks
- Net margin -262% with $9.8M asset-impairment loss; ROE -38%, ROA -37%, prior year's profit was a one-off disposal gain
- China VIE/governance and HFCAA exposure, plus shifting business lines and reverse splits
Notable findings
- Net lossNet loss (net margin -262.5%)
- Customer concentration~100% of revenue from one customer/distributor — For the years ended December 31, 2025, functional skincare business generated 100% of our total revenue
Key metrics
Gross margin
10.1%
Operating margin
-124.1%
Net margin
-262.5%
Return on equity
-37.6%
Return on assets
-36.6%
Net-income growth
-463.5%
Current ratio
15.8×
EBITDA
-$6M
Tangible book value
$20M
Cash & investments
$18M
Stock comp / revenue
11.7%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-17 | 2025-12-31 | 0001493152-26-017159 ↗ |
| 20-F | 2025-05-14 | 2024-12-31 | 0001641172-25-010279 ↗ |
| 20-F | 2024-07-05 | 2023-12-31 | 0001493152-24-026357 ↗ |
| 20-F | 2023-05-12 | 2022-12-31 | 0001493152-23-016633 ↗ |
| 20-F | 2022-05-12 | 2021-12-31 | 0001493152-22-013021 ↗ |
| 20-F | 2021-06-30 | 2020-12-31 | 0001493152-21-015744 ↗ |