WAI

MKT CAP:$1M

Top KingWin Ltd

Market Cap

$1M

Financial Services·Financial - Capital Markets·🇨🇳 China·NASDAQ

Financials·Financial·🇨🇳·NASDAQ

Stock Price

$2.20+$0.06 (+2.80%)

Apr 22, 2026

Company Details

Top KingWin Ltd provides corporate business training, corporate consulting, and advisory and transaction services in the People's Republic of China. It serves entrepreneurs and executives in small and medium enterprises. The company was fou...

CEO

Ruilin Xu

IPO Date

Apr 18, 2023

Website

www.tcjh.com

Key Metrics TTM

Revenue

$320.6K

— YoY

Net Income

-$663.7K

EPS (Diluted)

-$0.16

Free Cash Flow

-$16.7K

Revenue / Share

$0.54

Gross Margin

9.0%

Operating Margin

-270.7%

Net Margin

-207.0%

FCF Margin

-5.2%

P/S

3.3x

P/E

—

Earnings Reports

FY 2025

Dec 30, 2025

$1M-70.2%EPS -$3.74

FY 2024

Dec 31, 2024

$4M-31.2%EPS -$10.05

FY 2023

Dec 31, 2023

$5M+74.5%EPS -$0.61

FY 2022

Dec 31, 2022

$3M-50.4%EPS -$0.19

Q4 2022

Dec 31, 2022

$320.6K-89.3%EPS -$0.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$3M	$2M	$1M
Q3 22	$1M	$779.9K	-$358.5K
Q4 22	$320.6K	$28.9K	-$867.7K

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$2M	$1M
Q4 22	-$17.5K	-$16.7K

Capital Expenditures

Quarter	CapEx
Q4 21	$92.1K
Q4 22	$722

CapEx

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q4 22	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 21	$588.3K	$381.9K
Q3 22	$974.8K	$115.3K
Q4 22	$729.2K	$151.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$4M	$0	$4M
Q3 22	$3M	$0	$3M
Q4 22	$3M	$0	$3M
Q2 23	$5M	$0	$5M
Q4 23	$5M	$0	$5M
Q2 24	$3M	$0	$3M
Q4 24	$3M	$0	$3M
Q2 25	$2M	$0	$2M
Q4 25	$13M	$0	$13M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	590K	—	—
Q3 22	590K	0.0%	—
Q4 22	590K	0.0%	—

Shares Outstanding