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NASDAQ · INSURANCE AGENTS, BROKERS & SERVICE · SMALL CAP

XChange Tec.inc XHG

9 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 365.3M
▲ 26.7% YoY
CNY -748.4M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Growth

CNY 365.3M
Revenue, FY2025 · full 9-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 0.4 · Net income -0.7
0.5B1.0B-1.0B-2.0B
2017202020232025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−205 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -197.2% · Net -204.9%
50%100%-100%-200%
201720212025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2021 · FCF -109.7
-300M-600M
201720212025

Total assetsCNY 69.4M
EquityCNY -880.1M
CashCNY 10.9M
Gross debtCNY 32.5M
Net debtCNY 21.7M
Current ratio0.04×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 9-year record

9 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
XHG, 9-year financial record
Metric 202520242023202220212020201920182017
Revenue CNY B0.40.3◌0.71.01.21.20.90.5
Operating income CNY B−0.7−0.6−0.0−0.0−0.0−1.5−0.4−0.4−0.2
EBITDA CNY B◌◌◌−0.0−0.0−1.3−0.2−0.3−0.1
Income tax CNY B0.00.0◌0.00.00.00.00.00.0
Net income CNY B−0.7−0.2−0.10.8−0.6−1.5−0.5−0.5−0.2
Free cash flow CNY B◌◌◌◌−0.1−0.0−0.4−0.8−0.3
EPS, diluted CNY 0.000.000.000.000.00−1.14−1.87−1.55−0.86
Dividend / sh CNY ◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————
ROE % — not applicable: negative equity—————————
Shares out B◌◌◌◌1.651.360.430.43◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 31 reconciliationsAUDITED

Reconciled in 9 of the 9 fiscal years we could check. 22 checks were skipped: the balance sheet is not tagged before 2018. 10 checks were skipped: EPS is not tagged before 2017. 10 checks were skipped: revenue is not tagged before 2017.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityInsurance Agents, Brokers & Service
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsnot stated in the filings
Data on record since2017

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