Wedge Industrial Co Ltd
Wedge Industrial Co Ltd operates in the health care sector, specifically within biotechnology, though its precise business activity remains unclassified in the available data.
Business. Wedge Industrial Co Ltd operates in the health care sector, specifically within biotechnology, though its precise business activity remains unclassified in the available data.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Synthesis
Wedge Industrial Co Ltd operates in the health care sector, specifically within biotechnology, though its precise business activity remains unclassified in the available data.
Wedge Industrial Co Ltd maintains a capital structure characterized by significant leverage, with a debt-to-equity ratio of 1.18 and long-term debt totaling 1.90 billion CNY against total equity of 1.60 billion CNY. The company’s liquidity position is tight, evidenced by a current ratio of 1.06, which suggests limited short-term buffer against obligations. Despite generating 113.3 million CNY in operating cash flow, the company reports negative free cash flow of -270.0 million CNY, driven by substantial capital expenditures of 430.4 million CNY. This heavy investment phase results in a net cash deficit when total debt is considered, aligning with the medium liquidity risk assessment.
Profitability metrics indicate modest returns on capital, with a return on equity (ROE) of 12.45% and a return on assets (ROA) of 4.35%. The company generates a gross profit of 913.9 million CNY on revenue of 1.29 billion CNY, implying a gross margin of approximately 70.8%. However, operating income stands at 199.1 million CNY, resulting in a net income of 197.0 million CNY. Without cohort median data for direct comparison, these returns must be viewed in the context of the high valuation multiples, suggesting that the market prices in significant future growth expectations rather than current profitability efficiency.
- High valuation multiples (P/E 74.65, EV/EBITDA 71.88) reflect significant growth expectations despite modest current returns (ROE 12.45%).
- Negative free cash flow (-270.0 million CNY) driven by heavy capital expenditures (430.4 million CNY) indicates an aggressive investment phase.
- Leverage is elevated with a debt-to-equity ratio of 1.18 and long-term debt of 1.90 billion CNY, contributing to medium liquidity risk.
- Tight liquidity position with a current ratio of 1.06 and negative net cash after debt subtraction.
- Low dilution risk with no difference between basic and diluted shares outstanding.
- Lack of segment and geographic data limits detailed operational analysis.
Bull / Bear case
Generated · model-assistedRevenue grew 18.4% annually over four years, demonstrating strong top-line expansion momentum for the company.
Net income compounded at 19.9% annually, indicating robust profitability growth alongside revenue expansion.
Net margin of 17.8% ranks above the 75th percentile of peers, reflecting strong cost control.
Long-term debt surged to 1.7 billion CNY, creating a high credit risk profile for the firm.
Debt-to-equity ratio of 1.18 is in the bottom quartile, signaling excessive leverage compared to peers.
Free cash flow deteriorated to negative 431 million CNY, indicating severe cash generation challenges.
Cash conversion of 0.57 is below the 1.2 cohort median, revealing poor earnings quality.
In focus — financials by report
Revenue ¥1.08B, +9,9% YoY; Operating income −8,4% YoY.
- ▍Revenue ¥1.08B, +9,9% YoY
- ▍Operating income −8,4% YoY
- ▍Net income +9,2% YoY
- ▍Free cash flow −126,3% YoY
- ▍Net margin 17.9%
Revenue ¥981.4M, +23,6% YoY; Operating income +81,2% YoY.
- ▍Revenue ¥981.4M, +23,6% YoY
- ▍Operating income +81,2% YoY
- ▍Net income +73,5% YoY
- ▍Free cash flow +17,0% YoY
- ▍Net margin 18.0%
Revenue ¥793.8M, +21,0% YoY; Operating income +13,0% YoY.
- ▍Revenue ¥793.8M, +21,0% YoY
- ▍Operating income +13,0% YoY
- ▍Net income +6,8% YoY
- ▍Free cash flow −76,9% YoY
- ▍Net margin 12.8%
Revenue ¥656.3M; Operating income ¥119.2M.
- ▍Revenue ¥656.3M
- ▍Operating income ¥119.2M
- ▍Net margin 14.5%
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- Net cash is negative after subtracting total debt.
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- Ev To Revenueenterprise_value / revenue
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Return On Assetsnet_income / total_assets
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Wedge Industrial Co Ltd Market data — financials · 2026-07-09