# XChange TEC.INC (XHG)

> Financial Services · CN · Reports in CNY

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/XHG/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2025 | ¥ 365.3K | ¥ -738.73M | ¥ -11.32M | ¥ 701.61M | ¥ -880.33M |
| 2024 | ¥ 289.77M | ¥ -227.92M | ¥ -9.82M | ¥ 1.10B | ¥ -556.57M |
| 2023 | ¥ 0 | ¥ -71.73M | ¥ -40.10M | ¥ 568.94M | ¥ -608.72M |
| 2022 | ¥ 327.11M | ¥ 411.20M | ¥ -19.85M | ¥ 333.32M | ¥ -2.73B |
| 2021 | ¥ 528.83M | ¥ -290.48M | ¥ -111.93M | ¥ 542.46M | ¥ -2.24B |
| 2020 | ¥ 1.25B | ¥ -1.59B | ¥ 56.78M | ¥ 482.62M | ¥ -909.91M |
| 2019 | ¥ 1.28B | ¥ -517.28M | ¥ -91.56M | ¥ 129.66M | ¥ -820.54M |
| 2018 | ¥ 964.72M | ¥ -541.86M | ¥ -126.88M | ¥ 100.18M | ¥ -796.91M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | -0.80 |
| Liabilities / Eq | -1.08 |
| Current Ratio | 0.04 |

## Other views

- [Metrics](https://sponda.capital/en/XHG.md)
- [Charts](https://sponda.capital/en/XHG/charts.md)
- [Compare](https://sponda.capital/en/XHG/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-23.