Company research
Wellchange Holdings Co Ltd
CIK 1990251Updated Nov 11, 2026
SecurityWCT · NASDAQ · equity
WCT price & chart
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NASDAQ:WCT on TradingView ↗About the company
We are an enterprise software solution services provider headquartered in Hong Kong. We conduct all operations in Hong Kong through our Operating Subsidiary, Wching HK. We provide customized software solutions, cloud-based software-as-a-service (“SaaS”) platforms, and “white-label” software design and development services. Our mission is to empower our customers and users, in particular, SMBs, to accelerate their digital transformation, optimize productivity, improve customer experiences, and enable resource-efficient growth with our low-cost, user-friendly, reliable and integrated all-in-one Enterprise Resource Planning (“ERP”) software solutions.
In the news
Wellchange Holdings Company Limited Announces Pricing of $7.5 Million Public Offering of its Class A Ordinary Shares ↗
MEXC Lists WalletConnect (WCT) with Airdrop+ Event Offering 273,000 WCT & 50,000 USDT in Rewards USA - English APAC - English India - English News provided by MEXC Apr 15, 2025, 06:00 ET Share this article Share to X Share this article Share to X VICTORIA , Seychelles , April 15, 2025 /PRNewswire/ - ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q2 2025 | Q2 2024 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|
| ASSETS | |||||
| AssetsUSD | 13,273,867Source | — | 13,617,752Source | 6,695,351Source | 3,297,495Source |
| Property, Plant and Equipment, NetUSD | 49,724Source | — | 30,151Source | 70,359Source | 110,486Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 4,852,241Source | — | 7,422,105Source | 4,220,021Source | 1,500,264Source |
| Current assets: | |||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 71,538Source | — | 2,805,408Source | 250,312Source | 12,783Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,070,251Source | — | 805,966Source | 452,823Source | 720,245Source |
| Assets, CurrentUSD | 4,121,444Source | — | 5,762,306Source | 1,578,958Source | 787,952Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,979,655Source | — | 2,150,932Source | 875,823Source | 36,510Source |
| Operating Lease, Right-of-Use AssetUSD | 121,761Source | — | 106,978Source | 167,723Source | 84,883Source |
| LIABILITIES AND EQUITY | |||||
| LiabilitiesUSD | 988,381Source | — | 2,466,582Source | 1,782,600Source | 1,300,601Source |
| Stockholders’ equity: | |||||
| Common Stock, Value, IssuedUSD | 2,563Source | — | — | 1,063Source | 1,000Source |
| Additional Paid in CapitalUSD | — | — | — | 3,583,983Source | 244,463Source |
| Retained Earnings (Accumulated Deficit)USD | -1,776,322Source | — | -6,134,018Source | 1,188,787Source | 1,620,331Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 137,944Source | — | 124,013Source | 138,918Source | 131,100Source |
| Stockholders' Equity Attributable to ParentUSD | 12,285,486Source | 2,380,295Source | 11,151,170Source | 4,912,751Source | 1,996,894Source |
| Additional Paid in Capital, Common StockUSD | 13,569,301Source | — | 17,153,512Source | — | — |
| Liabilities and EquityUSD | 13,273,867Source | — | 13,617,752Source | 6,695,351Source | 3,297,495Source |
| Current liabilities: | |||||
| Liabilities, CurrentUSD | 957,426Source | — | 1,255,767Source | 1,512,748Source | 1,056,184Source |
| Operating Lease, Liability, CurrentUSD | 90,806Source | — | 57,653Source | 90,199Source | 84,883Source |
| Operating Lease, Liability, NoncurrentUSD | 30,955Source | — | 49,325Source | 77,524Source | — |
| Deferred Income Tax Liabilities, NetUSD | — | — | 1,161,490Source | 192,328Source | 244,417Source |
| Additional Financial Items | |||||
| Deferred Tax Liabilities, NetUSD | 694,414Source | — | 1,224,647Source | 694,414Source | 244,417Source |
| Long-term DebtUSD | 412,386Source | — | 415,947Source | 433,991Source | 496,517Source |
cash flow · annual statements
| Line item | Q2 2025 | Q2 2024 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||
| Depreciation and amortization | — | — | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 1,085,333Source | — | — |
| Changes in operating assets and liabilities: | |||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | 334,941Source | 44,117Source | 688,332Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | 965,881Source | -53,200Source | 103,016Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | -6,317,821Source | -316,126Source | 797,205Source |
| Cash flows from investing activities: | |||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | -4,118,052Source | -2,832,115Source | -566,692Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | 818Source |
| Cash flows from financing activities: | |||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | 13,006,253Source | 3,394,012Source | -479,774Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 71,538Source | 8,199Source | 2,805,408Source | 250,312Source | 12,783Source |
| Supplemental disclosure of cash flow information: | |||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 12,437Source | — | — |
| Income Taxes Paid, NetUSD | — | — | — | 1,826Source | 748Source |
| Additional Financial Items | |||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 1,068,475Source | 217,611Source | 253,562Source |
| Amortization of Intangible AssetsUSD | — | — | 635,324Source | 259,997Source | 146,401Source |
| DepreciationUSD | — | — | 29,022Source | 28,996Source | 28,900Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -11,668Source | -30,813Source | — |
| Gain (Loss) on InvestmentsUSD | — | — | — | 532Source | 337Source |
| Gain (Loss) on Sale of InvestmentsUSD | — | — | -229Source | — | — |
| General and Administrative ExpenseUSD | — | — | 90,840Source | 107,176Source | 109,947Source |
| Income Tax Expense (Benefit)USD | — | — | 965,881Source | -53,200Source | 231,030Source |
| InterestExpenseNonoperatingUSD | — | — | 12,437Source | — | — |
| Investment Income, InterestUSD | — | — | 792Source | 1,826Source | 748Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -7,322,805Source | -431,544Source | 937,609Source |
| Nonoperating Income (Expense)USD | — | — | -32,958Source | -28,114Source | -14,798Source |
| Operating ExpensesUSD | — | — | 6,899,074Source | 2,073,864Source | 758,928Source |
| Operating Lease, ExpenseUSD | — | — | 88,202Source | 101,501Source | 102,699Source |
| Other Nonoperating Income (Expense)USD | — | — | -9,416Source | 362Source | -33Source |
| Proceeds from Contributions from AffiliatesUSD | — | — | — | — | 243,770Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | -229Source | 532Source | 337Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total RevenueUSD | 1,348,084Source | 2,309,218Source | 2,489,995Source |
| Cost of Goods and Services Sold | —Source | —Source | —Source |
| Operating Income (Loss)USD | -6,323,966Source | -456,630Source | 1,183,437Source |
| Other Nonoperating Income (Expense)USD | -9,416Source | 362Source | -33Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -6,356,924Source | -484,744Source | 1,168,639Source |
| Income Tax Expense (Benefit)USD | 965,881Source | -53,200Source | 231,030Source |
| Net Income (Loss) Attributable to ParentUSD | -7,322,805Source | -431,544Source | 937,609Source |
| Earnings Per Share, BasicUSD per share | -4.73Source | -0.02Source | 0.05Source |
| Earnings Per Share, DilutedUSD per share | -4.73Source | -0.02Source | 0.05Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,546,889Source | 20,304,754Source | 20,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,546,889Source | 20,304,754Source | 20,000,000Source |
| Interest Expense (non-operating)USD | 12,437Source | — | — |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 635,324Source | 259,997Source | 146,401Source |
| Current Income Tax Expense (Benefit)USD | — | — | 128,014Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 40,028Source | 40,560Source | 40,385Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -11,668Source | -30,813Source | — |
| Gain (Loss) on InvestmentsUSD | — | 532Source | 337Source |
| General and Administrative ExpenseUSD | 90,840Source | 107,176Source | 109,947Source |
| Gross ProfitUSD | 575,108Source | 1,617,234Source | 1,942,365Source |
| Investment Income, InterestUSD | 792Source | 1,826Source | 748Source |
| Labor and Related ExpenseUSD | 1,328,659Source | 298,081Source | 227,042Source |
| Net Investment IncomeUSD | — | 30Source | — |
| Nonoperating Income (Expense)USD | -32,958Source | -28,114Source | -14,798Source |
| Operating ExpensesUSD | 6,899,074Source | 2,073,864Source | 758,928Source |
| Operating Lease, ExpenseUSD | 88,202Source | 101,501Source | 102,699Source |
| Other General ExpenseUSD | 144,804Source | 58,646Source | 4,581Source |
| Other IncomeUSD | — | 14,341Source | 16,772Source |
| Selling and Marketing ExpenseUSD | 4,059,748Source | 645,687Source | — |
Offerings
Registration 333-297294
- Gross proceeds
- 7500000.0
- Net proceeds
- 7050000.0
- Deal price
- 0.15
- Shares
- 50000000
- Offering price
- $0.15
- Ticker
- WCT
Underwriters: Prime Number Capital, LLC
Registration 333-291882
Registration 333-284034
- Gross proceeds
- 10000000.0
- Net proceeds
- 9400000.0
- Deal price
- 0.4
- Shares
- 25000000
- Offering price
- $0.40
- Ticker
- WCT
Filing attachments
ea031128301ex99-1.htm · 6-K · 2026-11-10
Exhibit 99.1 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes thereto. In addition to historical consolidated financial information, the following discussion contains forward-looking statements that reflect our plans, estimates, and beliefs that involve risks and uncertainties. …
Read attachment ↗ea031128301ex99-2.htm · 6-K · 2026-11-10
Exhibit 99.2 WELLCHANGE HOLDINGS COMPANY LIMITED INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Pages Unaudited Condensed Consolidated Balance Sheets as of December 31, 2025 (Audited) and June 30, 2026 F-2 Unaudited Condensed Consolidated Statements of Loss and Other Comprehensive Loss for the Six Months E…
Read attachment ↗ea031087601ex99-1.htm · 6-K · 2026-11-05
Exhibit 99.1 Wellchange Holdings Company Limited Announces 1-for-10 Reverse Stock Split Effective November 9, 2026 Hong Kong, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Wellchange Holdings Company Limited (the “Company” or “Wellchange”) (Nasdaq: WCT), an enterprise software solution services provider headquartered in Hong Kong, today announced that it will effect a reverse stock split of its Class A ordinary shares on a 1-for-10 basis (the “Reverse Stock Split”). The Company’s Class A ordinary shares w…
Read attachment ↗ea030842501ex99-1.htm · 6-K · 2026-10-13
Exhibit 99.1 Wellchange Holdings Company Limited Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong NOTICE OF A MEETING OF THE HOLDERS OF CLASS B ORDINARY SHARES To be held on Thursday, October 29, 2026 at 10:00 a.m. Hong Kong Time (Wednesday, October 28, 2026 at 10:00 p.m. Eastern Time) (or any adjournment(s) or postponement(s) thereof) AND NOTICE OF AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS To Be Held Immediately Following the Meeting of the…
Read attachment ↗ea030842501ex99-2.htm · 6-K · 2026-10-13
Exhibit 99.2 Wellchange Holdings Company Limited Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong PROXY Solicited on Behalf of the Board of Directors for a Meeting of Holders of Class B Ordinary Shares To be held on Thursday, October 29, 2026 at 10:00 a.m. Hong Kong Time (Wednesday, October 28, 2026 at 10:00 p.m. Eastern Time) The undersigned hereby appoints Mr. Shek Kin Pong as proxy with full power of substitution, to represent and to vote as set fo…
Read attachment ↗ea030461601ex99-1.htm · 6-K · 2026-09-03
Exhibit 99.1 Wellchange Holdings Company Limited Announces 1-for-5 Reverse Stock Split Effective September 8, 2026 Hong Kong, Sept. 03, 2026 (GLOBE NEWSWIRE) - Wellchange Holdings Company Limited (the “Company” or “Wellchange”) (Nasdaq: WCT), an enterprise software solution services provider headquartered in Hong Kong, today announced that it will effect a reverse stock split of its Class A ordinary shares on a 1-for-5 basis (the “Reverse Stock Split”). The Company’s Class A ordinary shares wi…
Read attachment ↗