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NWGL on Nasdaq

CL Workshop Group Ltd

CL Workshop Group Ltd is a lumber and wood products company in the British Virgin Islands.1 Its shares trade on Nasdaq under the symbol NWGL.1

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Last updated Oct 21, 2026.

Overview

$21.5MRevenue, fiscal 20242
-$8.7MNet income, fiscal 20242

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  • TickerNWGL on Nasdaq1
  • IndustryLumber & Wood Products (No Furniture)1
  • HeadquartersD81
  • Incorporated inVirgin Islands, British3
  • Business addressAvenida Da Amizade No.1287, Chong Fok Centro Comercial,13 E, Macau S.A.R3
  • Filer categoryAccelerated filer, Emerging growth company3

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The change reflects the Company’s evolution under new strategic direction and ownership structure following recent developments.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

24.4%Gross margin2
-40.5%Net margin2
-15.4%Revenue growth, 20242
-95.8%Return on equity2
0.00×Debt to equity2
$1.6MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Direct purchase ODM [member] brought in 50% of the revenue CL Workshop Group Ltd broke down this way in fiscal 2025.

  1. Direct purchase ODM [member]$14.6M550%down 11% from 2024
  2. Reportable segments [member]$14.6M550%down 11% from 2024
Business segments by year
Business segments202320242025
Direct purchase ODM [member]$17.7M$16.3M$14.6M
Reportable segments [member]$17.7M$16.3M$14.6M

Regions

China brought in 45% of the revenue CL Workshop Group Ltd broke down this way in fiscal 2025.

  1. China$6.5M545%down 15% from 2024
  2. Asia$5.5M538%up 36% from 2024
  3. Europe$2.0M513%down 52% from 2024
  4. North America$317.1K52%down 38% from 2024
  5. Africa$248.5K52%up 818% from 2024
  6. South America$16.1K50%
Regions by year
Regions202320242025
China$10.3M$7.7M$6.5M
Asia$395.5K$4.1M$5.5M
Europe$6.0M$4.1M$2.0M
North America$43.0K$514.8K$317.1K
Africa$27.1K$248.5K
South America$895.9K$16.1K

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue76¢$16.3M
  • Selling, general and admin17¢$3.6M
  • Other costs3¢$602.8K
  • Interest4¢$937.3K
  • Income tax0¢$73.5K

Out of $21.5M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending33¢$754.8K
  • Kept or used elsewhere67¢$1.6M

Out of $2.3M of cash from operations.2

Financial statements

Revenue62$21.5M in 2024−55% since 2021
0$20.0M$40.0M$60.0M2021: $47.7M$47.7M20212022: $55.3M$55.3M2022+16%2023: $25.5M$25.5M2023−54%2024: $21.5M$21.5M2024−15%
Gross profit62$5.3M in 2024−68% since 2021
0$5.0M$10.0M$15.0M$20.0M2021: $16.4M$16.4M20212022: $19.9M$19.9M2022+21%2023: $2.4M$2.4M2023−88%2024: $5.3M$5.3M2024+120%
Net income62-$8.7M in 2024
-$15.0M-$10.0M-$5.0M0$5.0M2021: $1.3M$1.3M20212022: $4.8M$4.8M2022+259%2023: -$11.9M-$11.9M20232024: -$8.7M-$8.7M2024−27%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenue$14.6M$16.3M$17.7M
Cost of revenue-$13.2M-$10.9M-$10.5M
Gross profit$1.4M$5.4M$7.2M
Net foreign exchange (losses) gains-$28.9K-$252.7K$10.3K
Other income (losses), net$67.8K-$9.9K$19.6K
Impairment loss (recognized on) reversal of financial asset and prepayment-$3.0M$182.7K-$179.8K
Selling and distribution expenses-$884.6K-$3.3M-$3.7M
Administrative expenses-$3.4M-$2.4M-$2.7M
Finance income$3.3K$13.4K$23.2K
Finance costs-$503.3K-$705.4K-$1.4M
Loss before income tax-$6.4M-$1.0M-$753.1K
Income tax (expenses) credits-$52.0K$73.5K$48.8K
Loss from continuing operations-$6.4M-$937.8K-$704.3K
Net loss from discontinued operations-$5.9M-$7.8M-$11.2M
Net gain on sale of discontinued operations, net of applicable income tax$6.4M
Net profit (loss) from discontinued operations$560.5K-$7.8M-$11.2M
Net loss for the year-$5.9M-$8.7M-$11.9M
Exchange difference arising from translation of foreign operations$569.5K-$223.8K$433.2K
Release of exchange reserve upon disposal of a subsidiary group-$50.5K-$121.3K$2.1K
Other comprehensive income (loss)$519.0K-$345.1K$435.3K
Total comprehensive loss for the year-$5.3M-$9.1M-$11.5M
LOSS PER SHARE BASIC-$0.04-$0.07-$0.11
LOSS PER SHARE DILUTED-$0.04-$0.07-$0.11
LOSS PER SHARE FROM CONTINUING OPERATION BASIC-$0.05-$0.01-$0.01
LOSS PER SHARE FROM CONTINUING OPERATION DILUTED-$0.05-$0.01-$0.01
Weighted average number of ordinary shares used in computing basic loss per share ADS132.4M shares132.4M shares111.9M shares
Weighted average number of ordinary shares used in computing diluted loss per share ADS132.4M shares132.4M shares111.9M shares

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Corporate structure

CL Workshop Group Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CL Workshop Group Ltd

  • Liying Wang Filed SCHEDULE 13D on CL Workshop Group Ltd, latest Nov 19, 2025
  • Qing Cai Huang Filed SCHEDULE 13D/A on CL Workshop Group Ltd, latest Oct 24, 2025 (2 filings since Nov 16, 2023)
  • Se Hok Pan Filed SCHEDULE 13G/A on CL Workshop Group Ltd, latest Oct 24, 2025 (2 filings since Feb 8, 2024)
  • Wing Luk Chan Filed SCHEDULE 13D/A on CL Workshop Group Ltd, latest Oct 24, 2025 (2 filings since Nov 16, 2023)
  • CL Workshop Group Ltd D8

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CL Workshop Group Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$3.4M2 Dec 31, 2024$3.6M2 Dec 31, 2023−4.4%
Operating-lease assets (leased space)$549.7K2 Dec 31, 2024$189.0K2 Dec 31, 2023+190.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.0M2 Dec 31, 2024$4.0M2 Dec 31, 2023−25.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$15.9M2 Dec 31, 2024$20.5M2 Dec 31, 2023−22.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$6.4M2 Dec 31, 2024$8.5M2 Dec 31, 2023−24.7%
Raw materials$80.9K2 Dec 31, 2024$549.5K2 Dec 31, 2023−85.3%

Leadership

Who has led CL Workshop Group Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Liying Wang2026–now
Board members and other officers (4)

Former names

  • Nature Wood Group LtdNov 18, 2022 to Dec 16, 20253

Timeline

  1. Jun 18, 2026New chief executive Liying Wang becomes CEO7

Filings

83 filings to the SEC since October 2021: 3 annual reports, 7 insider forms, 7 large holders, 66 other. The latest 20:

  1. Oct 13, 20266-K EDGAR
  2. Oct 6, 20266-K EDGAR
  3. Oct 2, 2026424B5 EDGAR
  4. Oct 2, 20266-K EDGAR
  5. Sep 28, 2026S-8 EDGAR
  6. Aug 28, 20266-K EDGAR
  7. Aug 26, 20266-K EDGAR
  8. Aug 25, 2026424B3 EDGAR
  9. Aug 24, 2026EFFECT EDGAR
  10. Aug 20, 2026F-1/A EDGAR
  11. Aug 11, 2026F-1 EDGAR
  12. Aug 7, 20266-K EDGAR
  13. Jul 29, 2026EFFECT EDGAR
  14. Jul 17, 2026F-3 EDGAR
  15. Jul 14, 20266-K EDGAR
  16. Jul 10, 20263 EDGAR
  17. Jul 2, 20263 EDGAR
  18. Jul 2, 20263 EDGAR
  19. Jul 1, 20264 PRIMARY DOCUMENT EDGAR
  20. Jul 1, 20263 PRIMARY DOCUMENT EDGAR

The 83 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 1 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 26, 2026HRT FINANCIAL LP10% ownerSale21,150$0.25$5.3KForm 4
Jun 25, 2026HRT FINANCIAL LP10% ownerBuy172,579$0.02$3.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Liying WangSCHEDULE 13D, 1 filing Nov 19, 202511
  • Qing Cai HuangSCHEDULE 13D/A, 2 filings Nov 16, 2023 to Oct 24, 202512
  • Se Hok PanSCHEDULE 13G/A, 2 filings Feb 8, 2024 to Oct 24, 202513
  • Wing Luk ChanSCHEDULE 13D/A, 2 filings Nov 16, 2023 to Oct 24, 202514

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
XTX Topco Ltd76,029$21.3K0.0%New
SmartHarvest Portfolios, LLC16,177$4.5K0.0%−30,573
UBS Group AG5,025$1.4K0.0%New
Hrt Financial LP441,019$1230.0%New
Caitong International Asset Management Co., Ltd1$00.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CL Workshop Group Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCL Workshop Group Ltd1
  • CIK0001948294
  • Filer statusAccelerated filer an emerging growth company; a shell company4
  • Incorporated inBritish Virgin Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)2400 Lumber & Wood Products (No Furniture)1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business addressAvenida Da Amizade No.1287, Chong Fok Centro Comercial,13 E, Macau S.A.R, Macau1
  • Phone852 603855461
  • Shares outstanding39,492,471 Class A Ordinary Shares shares; 92,932,850 Class B Ordinary Shares shares as of Dec 31, 20254
  • AuditorWWC, P.C., San Mateo, California PCAOB ID 1171; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceNov 18, 20221
  • Filings83 in all: 6-K (31), 3 (6), CORRESP (6), UPLOAD (6), 20-F (3), DRS/A (3), EFFECT (3), F-1/A (3)1
    All 26 form types

    DRSLTR (2), F-1 (2), SC 13D (2), SCHEDULE 13D/A (2), 4 (1), 424B3 (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERT (1), DRS (1), F-3 (1), FWP (1), NT 20-F (1), S-8 (1), SC 13G (1), SCHEDULE 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 27, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each representing eight Class A ordinary shares, par value $0.001 per shareNWGLNasdaq

From the cover page of the 20-F filed Apr 27, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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