Stock

Wellchange Holdings Company Limited

WCT

Software - Application · Technology

Price

$7.52

+0.50 (+7.12%)

pre-market:$7.38-1.86%

Market Cap

$4.4M

Exchange

NASDAQ Global Select

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Sep 16, 2026 · filings through Dec 31, 2025

§How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Share count rising — dilution

+266.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 84K (2021) → 309K (2025)

§Winston Score History

The full picture

Wellchange Holdings is a small technology company based in China that provides software and digital services. The company focuses on enterprise software applications and IT solutions for businesses, helping them manage operations and digital workflows. It is a micro-cap company operating in China's competitive software market.

Wellchange generates revenue primarily through software licensing, service fees, and technology consulting. The company operates mainly in China and is very small, with a market capitalization well under $100 million. Its financial profile shows significant operating losses and negative margins, indicating the business is not yet profitable. The key risk for Wellchange is whether it can achieve sustainable revenue growth and reach profitability in a crowded market, while also navigating the challenges that come with being a very small public company with limited financial resources.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-98.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-320.6% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

83.7%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$3M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Wellchange Holdings Company Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-264.5%

Thin — -264.5% gross margin

Profit after running costs

Operating Margin

-2049.2%

Losing money on operations — -2049.2%

Return on the money invested

ROCE

-7.0%

Weak — -7.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-92.5%

Shrinking sales (-92.5% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-1314.0%

Burning cash (-1314.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.05

Conservative — low debt load (0.05)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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