Overview
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- TickerWAFU on Nasdaq1
- IndustryServices-Educational Services1
- HeadquartersD81
- Incorporated inVirgin Islands, British3
- Business addressRm 505 Bldg No. 40, No. 1 Disheng N St, Economic & Technological Develop. Zone, Beijing, 1000883
- Filer categoryNon-accelerated filer3
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Beijing Huaxia Dadi Distance Learning Services Co., Ltd.: our wholly owned subsidiary formed under the laws of PRC in 1999. The current business operations of Beijing Distance Learning include research and development of long-distance education software and development of long-distance education resources and information.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 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
B2 B2 CService brought in 70% of the revenue Wah Fu Education & Technology Group Ltd. broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| B2 B2 CService | $6.9M | $5.7M | $4.5M |
| Technological Development And Operation Service | $210.8K | $502.6K | $1.8M |
| B2 CService | $137.4K | $20.3K | $42.6K |
Business segments
Online Education Service brought in 71% of the revenue Wah Fu Education & Technology Group Ltd. broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2024 | 2025 | 2026 |
|---|---|---|---|
| Online Education Service | $7.0M | $5.7M | $4.5M |
| Technological Development And Operation Services | $210.8K | $502.6K | $1.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue71¢$4.5M
- Selling, general and admin16¢$1.0M
- Other costs11¢$717.2K
- Income tax2¢$121.0K
Out of $6.4M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| REVENUE | $6.4M | $6.2M | $7.2M |
| Cost of revenue | $4.5M | $3.6M | $4.2M |
| Business and sales related tax | $23.2K | $27.0K | $32.5K |
| GROSS PROFIT | $1.8M | $2.6M | $3.0M |
| Selling expenses | $1.0M | $852.6K | $1.1M |
| General and administrative expenses | $1.7M | $2.1M | $2.2M |
| Total operating expenses | $2.7M | $3.0M | $3.2M |
| LOSS FROM OPERATIONS | -$855.8K | -$392.5K | -$240.5K |
| Interest income | $78.3K | $169.6K | $155.4K |
| Loss from long-term investment | -$15.4K | -$7.2K | |
| Other expenses | -$16.0K | -$42.7K | -$160.8K |
| Total other income (expenses), net | $46.9K | $119.7K | -$5.4K |
| LOSS BEFORE INCOME TAX PROVISION | -$808.9K | -$272.7K | -$246.0K |
| PROVISION FOR INCOME TAX | $121.0K | $100.1K | $130.9K |
| Less: net (loss) income attributable to non-controlling interest | $175.6K | $92.5K | -$321.6K |
| NET LOSS ATTRIBUTABLE TO WAH FU EDUCATION GROUP LIMITED | -$1.1M | -$465.3K | -$55.3K |
| Net loss | -$929.9K | -$372.8K | -$376.9K |
| Other comprehensive (loss) income: foreign currency translation | $446.5K | -$31.7K | -$493.9K |
| Total comprehensive loss | -$483.4K | -$404.6K | -$870.7K |
| Less: Comprehensive income (loss) attributable to non-controlling interest | $195.9K | -$44.0K | $2.4K |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO WAH FU EDUCATION GROUP LIMITED | -$679.3K | -$360.6K | -$873.1K |
| Ordinary share, basic (in Dollars per share) | -$0.25 | -$0.11 | -$0.01 |
| Ordinary share, diluted (in Dollars per share) | -$0.25 | -$0.11 | -$0.01 |
| Ordinary shares, basic (in Shares) | 2.9M shares | 4.1M shares | 4.4M shares |
| Ordinary shares, diluted (in Shares) | 2.9M shares | 4.1M shares | 4.4M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash | $9.0M | $10.1M | ||
| Accounts receivable, net | $901.3K | $717.7K | ||
| Other receivables, net | $890.9K | $966.7K | ||
| Loan to third parties, current | $0 | $522.3K | ||
| Loan to related parties | $1.8M | $1.8M | ||
| Other current assets | $85.2K | $94.9K | ||
| TOTAL CURRENT ASSETS | $12.7M | $14.2M | ||
| Loan to third parties, noncurrent | $788.1K | $224.6K | ||
| Property and equipment, net | $421.6K | $411.7K | ||
| Long-term investments | $129.1K | $137.8K | ||
| Operating lease right-of-use assets | $177.0K | $140.6K | ||
| Long-term rent deposit | $40.4K | $44.2K | ||
| Deferred tax assets, net | $167.8K | $261.3K | ||
| TOTAL ASSETS | $14.4M | $15.4M | ||
| Due to related parties | $367.1K | $478.3K | ||
| Deferred revenue | $1.1M | $1.6M | ||
| Operating lease liabilities, current | $115.0K | $117.7K | ||
| Taxes payable | $1.1M | $1.0M | ||
| Other payables | $40.8K | $107.0K | ||
| Accrued expenses and other liabilities | $277.8K | $156.8K | ||
| Accounts payable | $147.9K | $154.3K | ||
| TOTAL CURRENT LIABILITIES | $3.1M | $3.7M | ||
| Operating lease liabilities, noncurrent | $73.0K | $14.5K | ||
| TOTAL LIABILITIES | $3.2M | $3.7M | ||
| Additional paid-in capital | $5.1M | $5.1M | ||
| Statutory reserve | $867.5K | $867.5K | ||
| Retained earnings | $4.8M | $5.9M | ||
| Accumulated other comprehensive loss | -$810.1K | -$1.2M | ||
| Total Wah Fu shareholders equity | $10.0M | $10.7M | ||
| Non-controlling interest | $1.3M | $1.1M | ||
| TOTAL SHAREHOLDERS EQUITY | $11.3M | $11.8M | $12.2M | $13.0M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $14.4M | $15.4M |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash | $9.0M | $10.1M | ||
| Accounts receivable, net | $901.3K | $717.7K | ||
| Other receivables, net | $890.9K | $966.7K | ||
| Loan to third parties, current | $0 | $522.3K | ||
| Loan to related parties | $1.8M | $1.8M | ||
| Other current assets | $85.2K | $94.9K | ||
| TOTAL CURRENT ASSETS | $12.7M | $14.2M | ||
| Loan to third parties, noncurrent | $788.1K | $224.6K | ||
| Property and equipment, net | $421.6K | $411.7K | ||
| Long-term investments | $129.1K | $137.8K | ||
| Operating lease right-of-use assets | $177.0K | $140.6K | ||
| Long-term rent deposit | $40.4K | $44.2K | ||
| Deferred tax assets, net | $167.8K | $261.3K | ||
| TOTAL ASSETS | $14.4M | $15.4M | ||
| Due to related parties | $367.1K | $478.3K | ||
| Deferred revenue | $1.1M | $1.6M | ||
| Operating lease liabilities, current | $115.0K | $117.7K | ||
| Taxes payable | $1.1M | $1.0M | ||
| Other payables | $40.8K | $107.0K | ||
| Accrued expenses and other liabilities | $277.8K | $156.8K | ||
| Accounts payable | $147.9K | $154.3K | ||
| TOTAL CURRENT LIABILITIES | $3.1M | $3.7M | ||
| Operating lease liabilities, noncurrent | $73.0K | $14.5K | ||
| TOTAL LIABILITIES | $3.2M | $3.7M | ||
| Additional paid-in capital | $5.1M | $5.1M | ||
| Statutory reserve | $867.5K | $867.5K | ||
| Retained earnings | $4.8M | $5.9M | ||
| Accumulated other comprehensive loss | -$810.1K | -$1.2M | ||
| Total Wah Fu shareholders equity | $10.0M | $10.7M | ||
| Non-controlling interest | $1.3M | $1.1M | ||
| TOTAL SHAREHOLDERS EQUITY | $11.3M | $11.8M | $12.2M | $13.0M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $14.4M | $15.4M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net (Loss) Income | -$929.9K | -$372.8K | -$376.9K |
| Depreciation and amortization | $61.3K | $89.4K | $124.0K |
| Amortization of right-of-use assets | $82.2K | $235.2K | $222.8K |
| Loss (gain) from disposal of property and equipment | $774 | $534 | -$2.2K |
| Provision for doubtful accounts | $128.9K | $128.9K | $446.5K |
| Loss from long-term investments | $15.4K | ||
| Interest income | -$46.9K | -$48.0K | -$48.4K |
| Deferred tax expense | $104.0K | $9 | $94.5K |
| Accounts receivable | -$271.0K | $159.2K | -$733.7K |
| Other receivable | $115.4K | -$773.4K | $37.9K |
| Other current assets | $14.2K | $133 | -$29.8K |
| Deferred revenue | -$624.9K | -$173.5K | -$190.5K |
| Taxes payable | -$6.3K | $48.9K | -$96.0K |
| Other payable | -$67.4K | $46.3K | $57.3K |
| Operating lease liabilities | -$63.1K | -$234.9K | -$252.8K |
| Accounts payable and accrued expenses | $95.7K | -$71.6K | -$20.0K |
| Net cash (used in) provided by operating activities | -$1.4M | -$965.6K | -$767.3K |
| Purchase of property and equipment | -$50.8K | -$10.9K | -$95.0K |
| Proceeds from loans to third parties | $4.6M | ||
| Proceeds from disposal of property and equipment | $249 | $3.1K | |
| Payments made for loans to third parties | -$4.5M | ||
| Purchase of long-term investment | -$139.5K | ||
| Net cash (used in) provided by investing activities | -$22.6K | -$10.6K | -$231.4K |
| Advance from related parties | $20.0K | $64.1K | |
| Repayment to related parties | -$144.9K | -$15.9K | |
| Proceeds from issuance of class A shares | $14.9K | ||
| Net cash provided by financing activities | -$124.9K | $63.0K | |
| Effect of exchange (loss) gain on cash | $432.0K | -$1.1K | -$523.0K |
| Net increase (decrease) in cash | -$1.1M | -$914.3K | -$1.5M |
| Cash paid for income taxes | $15.2K | $55.6K | $34.3K |
| Right of use assets obtained in exchange for operating lease obligations | $110.5K | $34.4K | $203.7K |
No quarter-by-quarter statement was filed.
Compare Wah Fu Education & Technology Group Ltd. with another company
Corporate structure
Wah Fu Education & Technology 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 Wah Fu Education & Technology Group Ltd.
- Xinghui Yang Filed SCHEDULE 13D/A on Wah Fu Education & Technology Group Ltd., latest Sep 22, 2025 (2 filings since Apr 10, 2025)
- Wah Fu Education & Technology 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 Wah Fu Education & Technology 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $881.8K2 Mar 31, 2026 | $782.7K2 Mar 31, 2025 | +12.7% |
| Property and equipment, net | $421.6K2 Mar 31, 2026 | $411.7K2 Mar 31, 2025 | +2.4% |
| Operating-lease assets (leased space) | $177.0K2 Mar 31, 2026 | $140.6K2 Mar 31, 2025 | +25.9% |
Investments
Leadership
Who has led Wah Fu Education & Technology Group Ltd., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerXinghui Yang Mar 31, 2026 to now11
- Chief financial officerShuting Ai Apr 30, 2026 to now12
Board members and other officers (3)
- Board memberXinghui Yang Mar 31, 2026 to now11
- Board memberYik C. Chan Apr 10, 2026 to now13
- Board memberXing Wenxiang Apr 20, 2026 to now14
Former names
- Wah Fu Education Group LtdSep 29, 2017 to Jul 30, 20263
Timeline
- Mar 31, 2026New chief executive Xinghui Yang becomes CEO11
Filings
32 filings to the SEC since October 2021: 7 annual reports, 5 insider forms, 2 large holders, 18 other. The latest 20:
- Oct 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 30, 202620-F ANNUAL REPORT EDGAR
- May 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 30, 20263 EDGAR
- Apr 20, 20263 EDGAR
- Apr 10, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Mar 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 22, 2025SCHEDULE 13D/A EDGAR
- Aug 8, 2025144 EDGAR
- Jul 31, 202520-F ANNUAL REPORT EDGAR
- Apr 10, 2025SCHEDULE 13D EDGAR
- Mar 12, 2025144 EDGAR
- Mar 7, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jan 21, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Dec 12, 20246-K CURRENT REPORT EDGAR
- Jul 30, 202420-F ANNUAL REPORT EDGAR
- Jul 26, 20246-K CURRENT REPORT EDGAR
- Apr 1, 20246-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
The 32 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.
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.
- Xinghui YangSCHEDULE 13D/A, 2 filings Apr 10, 2025 to Sep 22, 202515
SEC filer profile
How Wah Fu Education & Technology 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 EDGARWah Fu Education & Technology Group Ltd.1
- CIK0001716770
- Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
- Incorporated inBritish Virgin Islands4
- Fiscal year endsMarch 311
- Industry code (SIC)8200 Services-Educational Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business addressRm 505 Bldg No. 40, No. 1 Disheng N St, Economic & Technological Develop. Zone, Beijing, 100088, China1
- Phone86 10 579250241
- Shares outstanding2,922,559 shares as of Mar 31, 20264
- AuditorYCM CPA INC., Irvine, California PCAOB ID 6781; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceSep 29, 20171
- Filings82 in all: 6-K (18), UPLOAD (11), CORRESP (9), 20-F (8), 3 (5), F-1/A (5), 20-F/A (3), 424B3 (3)1
All 22 form types
EFFECT (3), 144 (2), DRS/A (2), DRSLTR (2), NT 20-F (2), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-3 (1), FWP (1), POS AM (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (20-F) Jul 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary shares, par value US$0.01 per share | WAFU | NASDAQ |
From the cover page of the 20-F filed Jul 30, 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.
- 1
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- 6
- 7
- 8
- 9
- 10
- 11
- 12SEC EDGARShuting Ai, Chief financial officer
- 13SEC EDGARYik C. Chan, Board member
- 14SEC EDGARXing Wenxiang, Board member
- 15