AIFU vs XHG
Aifu Inc. and XChange Tec.inc, side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | AIFU | XHG |
|---|---|---|
| Revenue | CNY 556.6M | CNY 365.3M |
| Net income | CNY -2.3B | CNY -748.4M |
| Gross margin | · | 2.2% |
| Net margin | −411.1% | −204.9% |
| Return on equity | −150.4% | · |
| Diluted EPS | · | CNY 0.00 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY -19.6M | · |
| Equity | CNY 478.5M | CNY -880.1M |
| Net debt / equity | 0.05× | · |
| Current ratio | 1.18× | 0.04× |
| Revenue CAGR 5y | −29.8% | · |
| Profit CAGR 5y | · | · |
AIFU bills 1.5× the revenue of XHG, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | AIFU | XHG |
|---|---|---|
| FY2025 | CNY 556.6M | CNY 365.3M |
| FY2024 | CNY 1.3B | CNY 288.4M |
| FY2022 | CNY 2.8B | CNY 652.3M |
| FY2021 | CNY 3.3B | CNY 1.0B |
| FY2020 | CNY 3.3B | CNY 1.2B |
| FY2019 | CNY 3.7B | CNY 1.2B |
| FY2018 | CNY 3.5B | CNY 889.9M |
| FY2017 | CNY 4.1B | CNY 522.7M |
Bottom line
| Fiscal year | AIFU | XHG |
|---|---|---|
| FY2025 | CNY -2.3B | CNY -748.4M |
| FY2024 | CNY 455.0M | CNY -226.8M |
| FY2022 | CNY 100.3M | CNY 820.0M |
| FY2021 | CNY 251.0M | CNY -569.2M |
| FY2020 | CNY 268.3M | CNY -1.5B |
| FY2019 | CNY 192.6M | CNY -498.2M |
| FY2018 | CNY 617.1M | CNY -499.9M |
| FY2017 | CNY 451.7M | CNY -245.5M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 191,300,000 | AIFU |
| FY2024 | +CNY 1,043,409,000 | AIFU |
| FY2022 | +CNY 2,129,281,000 | AIFU |
| FY2021 | +CNY 2,234,908,000 | AIFU |
| FY2020 | +CNY 2,060,182,000 | AIFU |
| FY2019 | +CNY 2,472,233,000 | AIFU |
| FY2018 | +CNY 2,581,326,000 | AIFU |
| FY2017 | +CNY 3,565,736,000 | AIFU |
AIFU has reported the higher revenue in every one of these 8 fiscal years. The gap has narrowed since the earliest year compared.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −206.2 pp | XHG |
| FY2024 | +102.0 pp | AIFU |
| FY2022 | −122.6 pp | XHG |
| FY2021 | +62.9 pp | AIFU |
| FY2020 | +135.5 pp | AIFU |
| FY2019 | +45.6 pp | AIFU |
| FY2018 | +74.1 pp | AIFU |
| FY2017 | +58.1 pp | AIFU |
The higher net margin has changed hands between AIFU and XHG over this period.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AIFU's net margin has been more volatile than XHG's over the 8 comparable fiscal years — 139.7 percentage points of standard deviation against 87.3.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AIFU and XHG over these 8 fiscal years — AIFU led in 6 and XHG in 2.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.