XChange TEC.INC

XHG Nasdaq SEC CIK 1769256
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Financials

Reported figures only · latest: Q1 2026 CNY · US GAAP
EPS, diluted -

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income9 fiscal years
  • Revenue
  • Net income
−CNY 2B−CNY 1BCNY 0CNY 1BCNY 2BFY17FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearRevenueNet income
FY25CNY 365.3M−CNY 748.4M
FY24CNY 288.4M−CNY 226.8M
FY23-−CNY 71.3M
FY22CNY 652.3MCNY 820M
FY21CNY 1B−CNY 569.2M
FY20CNY 1.2B−CNY 1.5B
FY19CNY 1.2B−CNY 498.2M
FY18CNY 889.9M−CNY 499.9M
FY17CNY 522.7M−CNY 245.5M
MarginsShare of revenue
  • Gross margin
  • Operating margin
  • Net margin
−300%−200%−100%0%100%200%FY17FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearGross marginOperating marginNet margin
FY252.2%−197.2%−204.9%
FY244.7%−204.2%−78.7%
FY23---
FY22−9%−4.5%125.7%
FY218.4%−2.6%−54.9%
FY200.4%−124.2%−127%
FY19−5.8%−36.3%−40.4%
FY18−0.9%−47.9%−56.2%
FY17−4.8%−36.3%−47%
Free cash flowOperating cash flow minus capital expenditure
−CNY 800M−CNY 600M−CNY 400M−CNY 200MCNY 0FY17FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearFree cash flow
FY25-
FY24-
FY23-
FY22-
FY21−CNY 109.7M
FY20−CNY 44.3M
FY19−CNY 429.9M
FY18−CNY 791.3M
FY17−CNY 317.7M
Net margin vs the sectorMedian of Financials companies filing with the SEC
  • XChange TEC.INC
  • Financials median
−300%−200%−100%0%100%200%FY17FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearXChange TEC.INCFinancials median
FY25−204.9%12.1%
FY24−78.7%13.6%
FY23-8.7%
FY22125.7%9.9%
FY21−54.9%16.9%
FY20−127%10.2%
FY19−40.4%12.5%
FY18−56.2%15.3%
FY17−47%8.7%

News

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