FXHO vs ICG
UTime Ltd. and Intchains Group Ltd., side by side — 6 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | FXHO | ICG |
|---|---|---|
| Revenue | CNY 196.4M | CNY 220.9M |
| Net income | CNY -27.8M | CNY -47.5M |
| Gross margin | 1.0% | 7.2% |
| Net margin | −14.2% | −21.5% |
| Return on equity | · | −4.8% |
| Diluted EPS | · | −CNY 0.39 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY -146.3M | CNY -97.6M |
| Equity | CNY 143.1M | CNY 976.6M |
| Net debt / equity | −1.76× | · |
| Current ratio | 1.41× | 14.10× |
| Revenue CAGR 5y | −4.5% | 32.2% |
| Profit CAGR 5y | · | · |
FXHO and ICG book revenue within 15% of each other, 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.
6 years side by side
| Fiscal year | FXHO | ICG |
|---|---|---|
| FY2025 | CNY 196.4M | CNY 220.9M |
| FY2024 | CNY 251.0M | CNY 281.8M |
| FY2023 | CNY 172.2M | CNY 82.2M |
| FY2022 | CNY 197.6M | CNY 473.7M |
| FY2021 | CNY 275.5M | CNY 631.8M |
| FY2020 | CNY 246.9M | CNY 54.6M |
Bottom line
| Fiscal year | FXHO | ICG |
|---|---|---|
| FY2025 | CNY -27.8M | CNY -47.5M |
| FY2024 | CNY -670.1M | CNY 51.5M |
| FY2023 | CNY -60.9M | CNY -26.8M |
| FY2022 | CNY -87.6M | CNY 355.2M |
| FY2021 | CNY -38.8M | CNY 450.1M |
| FY2020 | CNY -16.6M | CNY 8.2M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 24,479,000 | ICG |
| FY2024 | −CNY 30,770,000 | ICG |
| FY2023 | +CNY 89,931,000 | FXHO |
| FY2022 | −CNY 276,176,000 | ICG |
| FY2021 | −CNY 356,330,000 | ICG |
| FY2020 | +CNY 192,296,000 | FXHO |
The higher-revenue side has changed between FXHO and ICG over this period. The gap has narrowed since the earliest year compared.
6 of 8 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +7.3 pp | FXHO |
| FY2024 | −285.2 pp | ICG |
| FY2023 | −3.5 pp | ICG |
| FY2022 | −120.5 pp | ICG |
| FY2021 | −85.5 pp | ICG |
| FY2020 | −21.8 pp | ICG |
The higher net margin has changed hands between FXHO and ICG over this period.
6 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
FXHO's net margin has been more volatile than ICG's over the 6 comparable fiscal years — 91.8 percentage points of standard deviation against 41.1.
6 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between FXHO and ICG over these 6 fiscal years — FXHO led in 1 and ICG in 5.
6 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ICG's return on equity has been more volatile than FXHO's over the 4 comparable fiscal years — 56.6 percentage points of standard deviation against 49.8.
4 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ICG led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 8 comparable fiscal years — a year missing data on either side is not counted.