XChange TEC.INC (XHG)

Name: XChange TEC.INC (XHG) annual fundamentals
Creator: TickerFacts
License: https://creativecommons.org/publicdomain/zero/1.0/

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CIK 0001769256 · Nasdaq · Insurance Agents, Brokers & Service

Sector Finance & Real Estate

For the year ended 2025-09-30, XChange TEC.INC reported revenue of 365.27M CNY. Revenue grew 26.7% from the prior annual period.

Key ratios (year ended 2025-09-30)

2.2%

Gross margin

-197.2%

Operating margin

-204.9%

Net margin

26.7%

Revenue growth (YoY)

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Latest selected filing: Form 6-K (current report) · 2026-07-16

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

Period ended	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30
Revenue	365.27M CNY	288.37M CNY	n/a	652.33M CNY	1.04B CNY	1.21B CNY	1.23B CNY	889.94M CNY	522.74M CNY
Cost of Revenue	357.27M CNY	274.90M CNY	n/a	711.00M CNY	949.65M CNY	1.20B CNY	1.30B CNY	897.96M CNY	547.62M CNY
Gross Profit	8.00M CNY	13.47M CNY	n/a	n/a	n/a	n/a	n/a	n/a	n/a
R&D Expense	n/a	24.0K CNY	46.0K CNY	22.0K CNY	7.77M CNY	24.93M CNY	47.03M CNY	51.95M CNY	44.16M CNY
Operating Income	-720.34M CNY	-588.82M CNY	-23.54M CNY	-29.36M CNY	-27.34M CNY	-1.50B CNY	-448.31M CNY	-426.44M CNY	-189.55M CNY
Depreciation & Amortization	n/a	54.0K CNY	n/a	27.40M CNY	79.26M CNY	263.04M CNY	215.07M CNY	152.31M CNY	101.79M CNY
EBITDA	n/a	-588.77M CNY	n/a	-1.96M CNY	51.92M CNY	-1.24B CNY	-233.23M CNY	-274.12M CNY	-87.76M CNY
Net Income	-748.41M CNY	-226.82M CNY	-71.31M CNY	819.98M CNY	-569.20M CNY	-1.53B CNY	-498.24M CNY	-499.86M CNY	-245.47M CNY
EPS (Diluted)	0.00 CNY	0.00 CNY	0.00 CNY	0.00 CNY	0.00 CNY	-1.14 CNY	n/a	n/a	n/a
Total Assets	69.38M CNY	782.84M CNY	85.65M CNY	95.54M CNY	377.63M CNY	850.73M CNY	1.80B CNY	1.78B CNY	n/a
Total Liabilities	949.52M CNY	1.34B CNY	729.08M CNY	668.40M CNY	2.86B CNY	2.85B CNY	2.61B CNY	2.56B CNY	n/a
Shareholders' Equity	-880.14M CNY	-556.57M CNY	-643.42M CNY	-572.86M CNY	-2.49B CNY	-2.00B CNY	-2.25B CNY	-1.44B CNY	n/a
Cash & Equivalents	10.88M CNY	8.09M CNY	286.0K CNY	563.0K CNY	16.32M CNY	22.88M CNY	159.80M CNY	103.75M CNY	365.12M CNY
Operating Cash Flow	-11.70M CNY	-9.77M CNY	-39.87M CNY	-44.33M CNY	-109.66M CNY	54.84M CNY	-88.19M CNY	-117.05M CNY	-43.59M CNY
Capital Expenditures	n/a	n/a	n/a	n/a	2.0K CNY	99.17M CNY	341.71M CNY	674.30M CNY	274.07M CNY
Free Cash Flow	n/a	n/a	n/a	n/a	-109.66M CNY	-44.33M CNY	-429.90M CNY	-791.35M CNY	-317.66M CNY
Shares Outstanding	n/a	n/a	n/a	n/a	1.65B	1.36B	430.45M	430.45M	n/a
Weighted Average Diluted Shares	50.25B	238.25M	28.05M	1025.84B	146.07B	1.35B	n/a	n/a	n/a
EPS (Basic)	0.00 CNY	0.00 CNY	0.00 CNY	0.00 CNY	0.00 CNY	-1.14 CNY	n/a	n/a	n/a

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