WANG & LEE GROUP, Inc.
WLGSF · Construction - Special Trade Contractors · EDGAR filings ↗
Grade
D43Tiny Hong Kong E&M construction subcontractor with collapsing revenue and deeply negative margins.
Strengths
- Current and quick ratio of 1.44 (~55th pct) keep near-term liquidity above water
- ~45-year operating history with full contractor licensing/certifications
Risks
- Revenue fell 42% and net margin -64% with ROE -73% and ROA -29% (bottom-quartile/decile)
- Negative operating cash flow (OCF margin -40%) and shrinking cash ($4.3M)
- HFCAA/HK-PRC legal-system risk, project lumpiness and customer/contract concentration
Notable findings
- Net lossNet loss (net margin -64.4%)
- Revenue declineRevenue -42.1% YoY
Key metrics
Gross margin
10.4%
Operating margin
-64.5%
Net margin
-64.4%
Return on equity
-72.8%
Return on assets
-29.2%
Revenue growth (QoQ)
-42.1%
Current ratio
1.4×
Tangible book value
$3M
Cash & investments
$4M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-05-15 | 2024-12-31 | 0001641172-25-010670 ↗ |
| 20-F | 2024-05-14 | 2023-12-31 | 0001493152-24-019005 ↗ |
| 20-F | 2023-05-15 | 2022-12-31 | 0001493152-23-017465 ↗ |