WF International Ltd Dossier
Qualitative Analysis
Business overview
WF International Ltd. (NASDAQ: WXM) is a leading holding company based in Chengdu, China, specializing in the provision of supply, installation, fitting-out, and maintenance services for heating, ventilation, and air conditioning (HVAC) systems, floor heating systems, and water purification systems. Founded in June 2009, the company operates primarily through its principal operating subsidiary, Chengdu Shanyou HVAC Engineering Co., Ltd. (Shanyou HVAC). WF International serves large-scale commercial projects—including offices, hotels, manufacturing facilities, airports, and hospitals—as well as commercial real estate developers offering high-end, fully furnished homes. Key commercial projects in its portfolio include Chengdu Vanke Charm City, Chengdu Raffles Plaza, Chengdu Yinshi Plaza, Chengdu Metro Line 10, and Panzhihua Jinhai Hotel. The company has established strategic distribution relationships with top-tier brands such as Toshiba, Gree, Hitachi, Hisense, and A.O. Smith.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
A reverse stock split consolidating every ten pre-consolidation ordinary shares into one ordinary share, changing the par value from $0.000001 to $0.00001 per share.
Expected impact: Reduces the issued and outstanding ordinary shares from 11,268,745 to approximately 1,126,875 to raise the per-share trading price and maintain the Nasdaq listing.
Entering into a consulting agreement with Ironnexus Limited for compliance, market research, strategic advisory services, and sourcing potential acquisition targets.
Expected impact: Aims to identify at least two acquisition targets to expand cross-border supply chain solutions and drive inorganic growth.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Expands WF International's product portfolio with HITACHI's advanced, energy-efficient climate control systems across China's construction and development sectors.
Terms: One-year authorized distributor qualification announced on November 5, 2025.
Deepens collaboration with a leading developer for large-scale, sustainable residential projects, highlighted by the successful delivery of an HVAC installation for the Luyuejiang City eco-luxury development in Chongqing.
Terms: RMB 6.14 million (approximately US$850,000) contract completed over a 500-day timeline, announced on October 28, 2025.