XChange TEC.INC Income Statement

Financials in millions CNY. Fiscal year is October - September.

Millions CNY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	365.27	288.37	-	-	-
Revenue Growth (YoY)	26.67%	-	-	-	-
Cost of Revenue	357.27	274.9	-	-	-
Gross Profit	8	13.47	-	-	-
Selling, General & Admin	42.39	27.29	23.49	29.33	27.54
Research & Development	-	0.02	0.05	0.02	-0.19
Operating Expenses	42.39	27.31	23.54	29.36	27.34
Operating Income	-34.39	-13.85	-23.54	-29.36	-27.34
Interest Expense	-27.53	-26.11	-1.57	-42.04	-103.23
Other Non Operating Income (Expenses)	-0.5	2.31	-	-423.69	-
EBT Excluding Unusual Items	-62.41	-37.64	-25.1	-495.08	-130.57
Impairment of Goodwill	-685.96	-574.98	-	-	-
Pretax Income	-748.37	-612.62	-25.1	-495.08	-130.57
Income Tax Expense	0.05	0.55	-	-	-
Earnings From Continuing Operations	-748.41	-613.17	-25.1	-495.08	-130.57
Earnings From Discontinued Operations	-	386.35	-46.21	1,315	-438.6
Net Income to Company	-748.41	-226.82	-71.31	820.02	-569.17
Net Income	-748.41	-226.82	-71.31	820.02	-569.17
Net Income to Common	-748.41	-226.82	-71.31	820.02	-569.17
Shares Outstanding (Basic)	21	0	0	-	-
Shares Outstanding (Diluted)	21	0	0	-	-
Shares Change (YoY)	20993.46%	749.32%	-	-	-
EPS (Basic)	-35.74	-2284.91	-6101.39	-	-
EPS (Diluted)	-35.74	-2284.91	-6101.39	-	-
Free Cash Flow	-11.7	-9.77	-39.87	-44.33	-109.66
Free Cash Flow Per Share	-0.56	-98.42	-3410.93	-	-
Gross Margin	2.19%	4.67%	-	-	-
Operating Margin	-9.41%	-4.80%	-	-	-
Profit Margin	-204.90%	-78.66%	-	-	-
Free Cash Flow Margin	-3.20%	-3.39%	-	-	-
EBITDA	-34.33	-13.79	3.86	-1.96	51.92
EBITDA Margin	-9.40%	-4.78%	-	-	-
D&A For EBITDA	0.05	0.05	27.4	27.4	79.26
EBIT	-34.39	-13.85	-23.54	-29.36	-27.34
EBIT Margin	-9.41%	-4.80%	-	-	-

Updated Jan 14, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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