WF International Ltd. (NASDAQ: WXM)

WF International Limited is a holding company incorporated in the Cayman Islands that conducts substantially all of its operations through its PRC subsidiaries, primarily Shanyou HVAC. The company is principally engaged in the provision of supply, installation, fitting-out and maintenance services for HVAC systems, floor heating systems and water purification systems. WF International Limited operates in the HVAC services industry in China.

WF International Limited generates revenue through contracting services consisting of sales of products and provision of services. The company derives income from three main sources: construction projects including equipment sales and installation services, sales of products, and installation maintenance and repair services. Its primary product for sales is central air conditioning for commercial clients. The company also provides equipment sales and installation services for floor heating systems and water purification systems. Additionally, WF International Limited offers standalone installation maintenance and repair services for HVAC systems to customers who provide the systems to be serviced.

The company operates through the following segments:

• Shanyou HVAC provides supply installation fitting-out and maintenance services for HVAC systems floor heating systems and water purification systems for commercial and residential projects including offices hotels hospitals airports and industrial facilities.

• Chaokun operates an equine business in Chengdu Sichuan offering event operation equestrian training horse boarding and sales through an international standard equestrian venue and full service line including network of suppliers and related service providers.

• Wufang Boyuan Innovation Technology Co Ltd focuses on exploring new business opportunities in the consumer market as part of the company's diversification efforts.

WF International Limited competes in a highly competitive landscape with local players in Sichuan Province such as Sichuan Zhicheng Electromechanical Engineering Co Ltd which primarily caters to corporate customers in the central air conditioning market. The company believes its competitive advantage lies in its ability to offer tailored HVAC solutions that meet unique client needs while maintaining high standards of quality and environmental responsibility. WF International Limited also strives to establish long-term relationships with customers through ongoing maintenance and support services and uses new technologies to improve performance and energy efficiency.

WF International Limited serves a customer base primarily composed of reputable state-owned enterprises publicly listed companies and highly regarded private enterprises involved in construction projects. The company attracts customers through tender processes and referrals from current clients and has built a strong customer base in Chengdu and expanded to neighboring cities including Meishan City and Mianyang City in Sichuan Province Haikou in Hainan Province and Chongqing China.