NYSE : FOIL

Londian Wason New Energy Tech Inc. — Financial statements

Industrials · Metal Fabrication · China

Last price 14.94 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.17B

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Financial statements

Londian Wason New Energy Tech Inc. (FOIL) reported revenue of 10.94B CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022
Revenue10.94B10.94B8.76B7.16B29.47B
Cost of Revenue10.22B10.22B8.38B6.39B23.38B
Gross Profit726.96M726.96M379.43M771.86M6.09B
Selling, General & Admin233.76M233.76M286.50M281.59M985.99M
Research & Development334.85M334.85M276.41M265.14M1.21B
Other Operating Expenses-192.15M-192.15M-210.59M-145.41M-67.56M
Operating Expenses376.46M376.46M352.32M401.32M2.13B
Operating Income350.49M350.49M27.11M370.55M3.96B
Interest Expense-373.66M-373.66M-429.17M-346.07M-802.28M
Interest & Investment Income40.08M40.08M58.74M68.63M111.86M
Currency Exchange Gain (Loss)543.00K543.00K2.60M27.82M79.27M
Other Non Operating Income (Expenses)-993.00K-993.00K-4.55M-927.00K-97.55M
EBT Excluding Unusual Items16.46M16.46M-345.27M119.99M3.25B
Gain (Loss) on Sale of Investments15.39M15.39M-5.77M2.66M-2.02M
Pretax Income31.86M31.86M-351.04M122.66M3.25B
Income Tax Expense11.54M11.54M-58.18M4.07M391.05M
Earnings From Continuing Operations20.32M20.32M-292.86M118.58M2.86B
Minority Interest in Earnings-977.00K-977.00K-1.60M-1.70M
Net Income19.34M19.34M-294.46M116.88M2.86B
Net Income to Common19.34M19.34M-294.46M116.88M2.86B
Shares Outstanding (Basic)73.74M73.74M72.94M67.73M64.95M
Shares Outstanding (Diluted)73.79M73.79M72.94M68.20M65.15M
EPS (Basic)0.260.26-4.041.7343.99
EPS (Diluted)0.250.25-4.051.7043.80
Free Cash Flow-808.41M-808.41M-1.06B-1.51B-5.31B
Free Cash Flow Per Share-10.96-10.96-14.49-22.16-81.57
Gross Margin6.64%6.64%4.33%10.78%20.65%
Operating Margin3.20%3.20%0.31%5.18%13.44%
Profit Margin0.18%0.18%-3.36%1.63%9.70%
Free Cash Flow Margin-7.39%-7.39%-12.07%-21.12%-18.04%
EBITDA844.19M844.19M471.68M700.70M4.86B
EBITDA Margin7.71%7.71%5.38%9.79%16.51%
D&A For EBITDA493.69M493.69M444.57M330.15M904.57M
EBIT350.49M350.49M27.11M370.55M3.96B
EBIT Margin3.20%3.20%0.31%5.18%13.44%
Effective Tax Rate36.23%36.23%3.32%12.04%

Balance sheet

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022
Cash & Equivalents179.76M179.76M410.24M1.20B62.82M
Short-Term Investments63.02M63.02M40.70M36.12M107.13M
Cash & Short-Term Investments242.77M242.77M450.94M1.24B169.96M
Accounts Receivable3.19B3.19B2.66B2.04B1.66B
Other Receivables255.21M255.21M220.18M157.74M4.19B
Receivables3.45B3.45B2.88B2.20B5.85B
Inventory2.14B2.14B1.84B1.63B1.55B
Restricted Cash2.63B2.63B3.09B2.78B2.75B
Other Current Assets178.50M178.50M142.68M266.15M219.91M
Total Current Assets8.64B8.64B8.41B8.11B10.54B
Property, Plant & Equipment7.58B7.58B7.36B6.55B4.99B
Long-Term Investments32.41M32.41M17.01M22.78M22.80M
Goodwill1.68B1.68B1.68B1.68B1.68B
Other Intangible Assets2.79M2.79M3.64M4.75M1.19M
Long-Term Deferred Tax Assets85.46M85.46M63.95M16.74M4.67M
Other Long-Term Assets223.86M223.86M196.54M265.86M281.48M
Total Assets18.24B18.24B17.73B16.66B17.53B
Accounts Payable1.55B1.55B904.95M258.77M234.97M
Accrued Expenses75.29M75.29M83.25M880.04M655.46M
Short-Term Debt5.54B5.54B5.46B5.84B5.09B
Current Portion of Long-Term Debt1.69B1.69B3.13B922.12M593.45M
Current Portion of Leases53.41M53.41M63.09M54.22M9.69M
Current Income Taxes Payable1.37M5.59M26.53M
Current Unearned Revenue27.98M27.98M23.97M7.33M7.33M
Other Current Liabilities592.11M592.11M906.59M41.53M5.49B
Total Current Liabilities9.54B9.54B10.57B8.01B12.10B
Long-Term Debt2.71B2.71B848.39M2.58B1.12B
Long-Term Leases191.60M191.60M208.54M243.49M191.74M
Long-Term Unearned Revenue87.75M87.75M91.90M100.05M34.77M
Long-Term Deferred Tax Liabilities39.90M39.90M22.54M33.51M28.62M
Other Long-Term Liabilities105.29M105.29M454.39M
Total Liabilities12.68B12.68B12.20B10.97B13.48B
Common Stock26.00K26.00K26.00K26.00K23.00K
Additional Paid-In Capital5.36B5.36B5.35B5.31B3.69B
Retained Earnings144.19M144.19M124.85M419.31M302.43M
Comprehensive Income & Other-25.99M-25.99M-35.66M-38.31M-8.84M
Total Common Equity5.47B5.47B5.44B5.69B3.98B
Minority Interest93.68M93.68M92.71M67.47M
Shareholders' Equity5.57B5.57B5.53B5.69B4.05B
Total Liabilities & Equity18.24B18.24B17.73B16.66B17.53B
Total Debt10.20B10.20B9.71B9.65B7.01B
Net Cash (Debt)-9.95B-9.95B-9.26B-8.40B-6.84B
Net Cash Per Share-134.91-134.91-126.89-123.24-104.91
Filing Date Shares Outstanding73.87M73.87M73.87M73.87M64.95M
Total Common Shares Outstanding73.87M73.87M73.87M73.87M64.95M
Working Capital-897.10M-897.10M-2.16B98.96M-1.56B
Book Value Per Share74.0974.0973.6776.9961.33
Tangible Book Value3.79B3.79B3.76B4.00B2.30B
Tangible Book Value Per Share51.2851.2850.8554.1535.42
Buildings1.86B1.86B1.59B1.37B909.79M
Machinery6.25B6.25B5.55B4.68B3.49B
Construction In Progress896.70M896.70M1.22B1.16B1.18B

Cash flow statement

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022
Net Income19.34M19.34M-294.46M116.88M2.86B
Depreciation & Amortization493.69M493.69M444.57M330.15M904.57M
Loss (Gain) From Sale of Assets-110.00K-110.00K-1.35M-10.99M-18.69M
Loss (Gain) From Sale of Investments-15.39M-15.39M5.77M-2.66M113.22M
Stock-Based Compensation2.15M2.15M33.27M47.48M181.29M
Provision & Write-off of Bad Debts22.00M22.00M28.66M-231.00K-16.92M
Other Operating Activities12.56M12.56M-36.81M-10.67M247.15M
Change in Accounts Receivable-605.82M-605.82M-721.99M-323.96M-212.45M
Change in Inventory-300.49M-300.49M-223.20M-82.19M-2.13B
Change in Accounts Payable647.54M647.54M646.18M38.83M-144.70M
Change in Unearned Revenue-7.17M-7.17M242.00K65.27M147.68M
Change in Income Taxes-1.37M-1.37M-4.22M-20.94M-18.53M
Change in Other Net Operating Assets-348.20M-348.20M-2.64M-280.26M-2.22B
Operating Cash Flow-81.26M-81.26M-125.98M-133.28M-307.49M
Capital Expenditures-727.15M-727.15M-931.30M-1.38B-5.01B
Sale of Property, Plant & Equipment379.00K19.46M76.92M
Investment in Securities35.01M-496.50M
Investing Cash Flow-727.15M-727.15M-930.92M-1.32B-5.43B
Short-Term Debt Issued7.97B7.97B8.98B7.98B
Long-Term Debt Issued2.25B2.25B1.81B4.28B
Total Debt Issued10.22B10.22B10.79B12.26B122.09B
Short-Term Debt Repaid-9.74B-9.74B-10.00B-8.05B
Long-Term Debt Repaid-364.31M-364.31M-285.77M-1.37B
Total Debt Repaid-10.10B-10.10B-10.28B-9.42B-108.40B
Net Debt Issued (Repaid)112.57M112.57M511.22M2.83B13.69B
Issuance of Common Stock5.32B1.26B
Common Dividends Paid-6.99B
Other Financing Activities-2.93M-2.93M57.78M-5.53B2.31B
Financing Cash Flow109.64M109.64M569.01M2.63B10.28B
Foreign Exchange Rate Adjustments8.74M8.74M2.24M-380.00K43.90M
Net Cash Flow-690.03M-690.03M-485.66M1.17B4.59B
Free Cash Flow-808.41M-808.41M-1.06B-1.51B-5.31B
Free Cash Flow Margin-7.39%-7.39%-12.07%-21.12%-18.04%
Free Cash Flow Per Share-10.96-10.96-14.49-22.16-81.57
Levered Free Cash Flow-358.43M-358.43M-1.07B-2.70B
Unlevered Free Cash Flow-124.89M-124.89M-797.19M-2.48B
Cash Interest Paid347.14M347.14M390.72M336.37M870.30M
Cash Income Tax Paid1.57M1.57M16.19M56.84M412.64M
Change in Working Capital-615.51M-615.51M-305.63M-603.25M-4.58B

Ratios

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022
Market Capitalization1.17B
Enterprise Value2.59B
Debt / Equity Ratio1.831.831.751.701.73
Debt / EBITDA Ratio11.9211.9220.0713.521.44
Net Debt / Equity Ratio1.791.791.671.481.69
Net Debt / EBITDA Ratio11.7911.7919.6211.991.41
Net Debt / FCF Ratio-12.31-12.31-8.76-5.56-1.29
Asset Turnover0.610.610.510.42
Inventory Turnover5.125.124.834.02
Quick Ratio0.390.390.320.430.50
Current Ratio0.910.910.801.010.87
Return on Equity (ROE)0.37%0.37%-5.22%2.44%
Return on Assets (ROA)1.22%1.22%0.10%1.35%
Return on Invested Capital (ROIC)1.47%1.47%0.19%2.87%31.99%
Return on Capital Employed (ROCE)4.00%4.00%0.40%4.30%73.00%
Payout Ratio244.51%
Buyback Yield / Dilution-13.26%-1.15%-6.96%-4.68%