Qilun Group Financials

QLUNF

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2022 Currency USD FYE December

This page shows Qilun Group (QLUNF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI QLUNF FY2022 2026-04-22

FY2022 paired a high-margin, low-capex model with a financing-led cash build that materially reshaped liquidity and leverage.

In FY2022, cash outran profit: operating cash flow was $6.1M against net income of $1.0M, so reported earnings were not the main limiter on liquidity. Add financing inflows of $5.4M, and the year reads as both an operating scale-up and a recapitalization, helping cash reach $11.9M while leverage eased despite higher liabilities.

The operating pattern points more to scaling costs than weaker unit economics, because gross margin held at 73.7% in FY2022 after 72.9% in FY2021. But operating margin slipped to 19.4% from 21.9%, which suggests the pressure sat below gross profit as the business expanded.

Balance-sheet posture improved materially, with the current ratio moving to 2.7x from 1.1x. Debt-to-equity also dropped to 1.4x from 4.0x, showing that the larger equity base reduced balance-sheet strain. That thicker capital cushion came with lower returns, as ROE fell to 16.3% from 96.6%.

Financial Health Signals

Financial health score pending refresh

We are recalculating Qilun Group's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

5/8

Qilun Group passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

5.90x

For every $1 of reported earnings, Qilun Group generates $5.90 in operating cash flow ($6.1M OCF vs $1.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$7.1M

YoY+364.7%

Qilun Group generated $7.1M in revenue in fiscal year 2022. This represents an increase of 364.7% from the prior year.

EBITDA

$1.5M

YoY+326.8%

Qilun Group's EBITDA was $1.5M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 326.8% from the prior year.

Net Income

$1.0M

YoY+114.1%

Qilun Group reported $1.0M in net income in fiscal year 2022. This represents an increase of 114.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$5.8M

YoY+385.5%

Qilun Group generated $5.8M in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 385.5% from the prior year.

Cash & Debt

$11.9M

YoY+576.2%

Qilun Group held $11.9M in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

117M

YoY+16.6%

Qilun Group had 117M shares outstanding in fiscal year 2022. This represents an increase of 16.6% from the prior year.

Margins & Returns

Gross Margin

73.7%

YoY+0.7pp

Qilun Group's gross margin was 73.7% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.

Operating Margin

19.4%

YoY-2.5pp

Qilun Group's operating margin was 19.4% in fiscal year 2022, reflecting core business profitability. This is down 2.5 percentage points from the prior year.

Net Margin

14.7%

YoY-17.2pp

Qilun Group's net profit margin was 14.7% in fiscal year 2022, showing the share of revenue converted to profit. This is down 17.2 percentage points from the prior year.

Return on Equity

16.3%

YoY-80.3pp

Qilun Group's ROE was 16.3% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is down 80.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$123K

Qilun Group invested $123K in research and development in fiscal year 2022.

Share Buybacks

N/A

Capital Expenditures

$290K

YoY+52.0%

Qilun Group invested $290K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents an increase of 52.0% from the prior year.

QLUNF Income Statement

Metric	FY22	FY21
Revenue	$7.1M+364.7%	$1.5M
Cost of Revenue	$494K+96.2%	$252K
Gross Profit	$5.2M+369.5%	$1.1M
R&D Expenses	$123K	N/A
SG&A Expenses	N/A	N/A
Operating Income	$1.4M+312.3%	$332K
Interest Expense	N/A	N/A
Income Tax	$407K+1629.6%	$24K
Net Income	$1.0M+114.1%	$484K
EPS (Diluted)	N/A	N/A

Metric	Q4'22	Q4'21
Revenue	N/A	N/A
Cost of Revenue	N/A	N/A
Gross Profit	N/A	N/A
R&D Expenses	N/A	N/A
SG&A Expenses	N/A	N/A
Operating Income	N/A	N/A
Interest Expense	N/A	N/A
Income Tax	N/A	N/A
Net Income	N/A	N/A
EPS (Diluted)	N/A	N/A

QLUNF Balance Sheet

Metric	Q4'22	Q4'21
Total Assets	$15.3M+515.5%	$2.5M
Current Assets	$14.9M+586.3%	$2.2M
Cash & Equivalents	$11.9M+576.2%	$1.8M
Inventory	$583K+215.3%	$185K
Accounts Receivable	N/A	N/A
Goodwill	N/A	N/A
Total Liabilities	$9.0M+351.8%	$2.0M
Current Liabilities	$5.4M+175.9%	$2.0M
Long-Term Debt	N/A	N/A
Total Equity	$6.3M+1166.0%	$501K
Retained Earnings	$1.1M+143.5%	$451K

QLUNF Cash Flow Statement

Metric	FY22	FY21
Operating Cash Flow	$6.1M+339.8%	$1.4M
Capital Expenditures	$290K+52.0%	$191K
Free Cash Flow	$5.8M+385.5%	$1.2M
Investing Cash Flow	-$1.1M-495.2%	-$179K
Financing Cash Flow	$5.4M+924.3%	$530K
Dividends Paid	$268K	N/A
Share Buybacks	N/A	N/A

Metric	Q4'22	Q4'21
Operating Cash Flow	N/A	N/A
Capital Expenditures	N/A	N/A
Free Cash Flow	N/A	N/A
Investing Cash Flow	N/A	N/A
Financing Cash Flow	N/A	N/A
Dividends Paid	N/A	N/A
Share Buybacks	N/A	N/A

QLUNF Financial Ratios

Metric	FY22	FY21
Gross Margin	73.7%+0.7pp	72.9%
Operating Margin	19.4%-2.5pp	21.9%
Net Margin	14.7%-17.2pp	31.9%
Return on Equity	16.3%-80.3pp	96.6%
Return on Assets	6.8%-12.7pp	19.4%
Current Ratio	2.75+1.6	1.10
Debt-to-Equity	1.42-2.6	3.97
FCF Margin	82.6%+3.5pp	79.0%

Metric	Q4'22	Q4'21
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	N/A	N/A
Return on Equity	N/A	N/A
Return on Assets	N/A	N/A
Current Ratio	2.75+1.6	1.10
Debt-to-Equity	1.42-2.6	3.97
FCF Margin	N/A	N/A

Frequently Asked Questions

What is Qilun Group's annual revenue?

Qilun Group (QLUNF) reported $7.1M in total revenue for fiscal year 2022. This represents a 364.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Qilun Group's revenue growing?

Qilun Group (QLUNF) revenue grew by 364.7% year-over-year, from $1.5M to $7.1M in fiscal year 2022.

Is Qilun Group profitable?

Yes, Qilun Group (QLUNF) reported a net income of $1.0M in fiscal year 2022, with a net profit margin of 14.7%.

What is Qilun Group's EBITDA?

Qilun Group (QLUNF) had EBITDA of $1.5M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

What is Qilun Group's gross margin?

Qilun Group (QLUNF) had a gross margin of 73.7% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is Qilun Group's operating margin?

Qilun Group (QLUNF) had an operating margin of 19.4% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is Qilun Group's net profit margin?

Qilun Group (QLUNF) had a net profit margin of 14.7% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is Qilun Group's return on equity (ROE)?

Qilun Group (QLUNF) has a return on equity of 16.3% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

What is Qilun Group's free cash flow?

Qilun Group (QLUNF) generated $5.8M in free cash flow during fiscal year 2022. This represents a 385.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Qilun Group's operating cash flow?

Qilun Group (QLUNF) generated $6.1M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Qilun Group's total assets?

Qilun Group (QLUNF) had $15.3M in total assets as of fiscal year 2022, including both current and long-term assets.

What are Qilun Group's capital expenditures?

Qilun Group (QLUNF) invested $290K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

How much does Qilun Group spend on research and development?

Qilun Group (QLUNF) invested $123K in research and development during fiscal year 2022.

How many shares does Qilun Group have outstanding?

Qilun Group (QLUNF) had 117M shares outstanding as of fiscal year 2022.

What is Qilun Group's current ratio?

Qilun Group (QLUNF) had a current ratio of 2.75 as of fiscal year 2022, which is generally considered healthy.

What is Qilun Group's debt-to-equity ratio?

Qilun Group (QLUNF) had a debt-to-equity ratio of 1.42 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Qilun Group's return on assets (ROA)?

Qilun Group (QLUNF) had a return on assets of 6.8% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Qilun Group's Piotroski F-Score?

Qilun Group (QLUNF) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Qilun Group's earnings high quality?

Qilun Group (QLUNF) has an earnings quality ratio of 5.90x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.