XChange TEC.INC Balance Sheet

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
Cash & Equivalents	10.88	8.09	0.29	0.56	16.32
Short-Term Investments	1.89	2.03	-	-	-
Cash & Short-Term Investments	12.77	10.12	0.29	0.56	16.32
Cash Growth	26.22%	3437.41%	-49.20%	-96.55%	-28.68%
Accounts Receivable	23.46	36.28	-	-	0.37
Other Receivables	-	-	-	-	23.53
Receivables	23.46	36.28	-	-	23.9
Prepaid Expenses	-	-	-	-	0.57
Restricted Cash	-	-	-	-	2.94
Other Current Assets	3.64	21.25	85.37	70.6	132.95
Total Current Assets	39.86	67.64	85.65	71.16	176.67
Property, Plant & Equipment	0.56	0.95	-	-	38.94
Goodwill	23.28	709.24	-	-	-
Other Intangible Assets	0.68	-	-	-	152.46
Other Long-Term Assets	5	5	-	24.38	9.56
Total Assets	69.38	782.84	85.65	95.54	377.63
Accounts Payable	697.5	1,105	0.18	-	320.27
Accrued Expenses	36.96	24.02	1.27	7.52	171.93
Short-Term Debt	33.59	36.39	48.93	6.54	357.68
Current Portion of Long-Term Debt	-	-	-	-	219.12
Current Portion of Leases	0.2	0.35	-	-	-
Current Income Taxes Payable	1.55	1.46	-	-	91.97
Current Unearned Revenue	-	-	-	-	171.16
Other Current Liabilities	179.37	172	678.7	654.34	1,016
Total Current Liabilities	949.17	1,339	729.08	668.4	2,348
Long-Term Debt	-	-	-	-	514.91
Long-Term Leases	0.35	0.59	-	-	-
Total Liabilities	949.52	1,339	729.08	668.4	2,863
Common Stock	179.57	57.18	1.9	1.73	0.11
Additional Paid-In Capital	3,466	3,137	2,959	2,955	1,845
Retained Earnings	-4,605	-3,857	-3,630	-3,559	-4,379
Treasury Stock	-	-	-	-	-0.01
Comprehensive Income & Other	79.99	106.05	25.42	29.45	38.78
Total Common Equity	-880.14	-556.57	-643.42	-572.86	-2,495
Minority Interest	-	-	-	-	9.6
Shareholders' Equity	-880.14	-556.57	-643.42	-572.86	-2,485
Total Liabilities & Equity	69.38	782.84	85.65	95.54	377.63
Total Debt	34.15	37.33	48.93	6.54	1,092
Net Cash (Debt)	-21.38	-27.21	-48.64	-5.98	-1,075
Net Cash Per Share	-1.02	-274.13	-4161.62	-	-
Filing Date Shares Outstanding	51.55	1.03	0.01	0.01	-
Total Common Shares Outstanding	51.55	0.33	0.01	0.01	-
Working Capital	-909.31	-1,271	-643.42	-597.24	-2,171
Book Value Per Share	-17.07	-1679.99	-54412.18	-53126.40	-
Tangible Book Value	-904.1	-1,266	-643.42	-572.86	-2,647
Tangible Book Value Per Share	-17.54	-3820.80	-54412.18	-53126.40	-
Buildings	-	-	-	-	40.17
Machinery	-	-	-	-	23.5

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

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