XHG (XHG) financial statements

· Market cap $118M

XHG reported revenue of 365M CNY in fiscal 2025, down 4.1% a year over 8 years.

Net income was -748M CNY and the operating margin -197.2%, against -37.2% in 2017.

The diluted share count rose 42% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

-1-0.500.511.5201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CNY, from XHG's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Revenue509M CNY797M CNY1.1B CNY1.1B CNY939M CNY566M CNY—288M CNY365M CNY
Cost of revenue548M CNY898M CNY1.3B CNY1.2B CNY950M CNY711M CNY—275M CNY357M CNY
Gross profit-39M CNY-101M CNY-216M CNY-98M CNY-10M CNY-145M CNY—13M CNY8M CNY
Research and development44M CNY52M CNY47M CNY25M CNY8M CNY22,000 CNY46,000 CNY24,000 CNY—
Selling, general and admin76M CNY203M CNY244M CNY166M CNY28M CNY29M CNY23M CNY27M CNY42M CNY
Operating income-190M CNY-426M CNY-448M CNY-1.5B CNY-27M CNY-29M CNY-24M CNY-589M CNY-720M CNY
Interest expense—93M CNY114M CNY134M CNY103M CNY42M CNY2M CNY26M CNY28M CNY
Pre-tax income-245M CNY-498M CNY-498M CNY-1.5B CNY-131M CNY-495M CNY-25M CNY-613M CNY-748M CNY
Income tax596,000 CNY2M CNY63,000 CNY13,000 CNY31,000 CNY21,000 CNY—548,000 CNY46,000 CNY
Net income-245M CNY-500M CNY-498M CNY-1.5B CNY-569M CNY820M CNY-71M CNY-227M CNY-748M CNY
EPS (diluted)-0.01 CNY-0.02 CNY-0.02 CNY-0.01 CNY0.00 CNY0.00 CNY0.00 CNY0.00 CNY0.00 CNY
Diluted shares35.49B40.94B43.05B135.11B146.07B1025.84B28M238M50.25B
Gross margin-7.6%-12.7%-19.8%-8.9%-1.1%-25.7%—4.7%2.2%
Operating margin-37.2%-53.5%-41.2%-135.8%-2.9%-5.2%—-204.2%-197.2%
Net margin-48.2%-62.7%-45.7%-138.8%-60.6%144.9%—-78.7%-204.9%

Balance sheet

Fiscal years, in CNY, from XHG's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Cash and short-term investments365M CNY104M CNY160M CNY23M CNY16M CNY563,000 CNY286,000 CNY10M CNY13M CNY
Receivables—475,000 CNY1M CNY2M CNY370,000 CNY752,000 CNY—36M CNY23M CNY
Total current assets—448M CNY597M CNY203M CNY177M CNY71M CNY86M CNY68M CNY40M CNY
Property, plant and equipment—1.3B CNY1.2B CNY358M CNY39M CNY500,000 CNY—6,000 CNY6,000 CNY
Goodwill———————709M CNY23M CNY
Total assets—1.8B CNY1.8B CNY851M CNY378M CNY96M CNY86M CNY783M CNY69M CNY
Total current liabilities—2.0B CNY1.7B CNY2.0B CNY2.3B CNY668M CNY729M CNY1.3B CNY949M CNY
Long-term debt—165M CNY428M CNY465M CNY201M CNY————
Total liabilities—2.6B CNY2.6B CNY2.8B CNY2.9B CNY668M CNY729M CNY1.3B CNY950M CNY
Shareholders' equity-795M CNY-1.4B CNY-2.2B CNY-2.0B CNY-2.5B CNY-573M CNY-643M CNY-557M CNY-880M CNY
Net debt-365M CNY118M CNY419M CNY602M CNY404M CNY110M CNY-286,000 CNY-8M CNY-11M CNY

Cash flow

Fiscal years, in CNY, from XHG's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Operating cash flow-44M CNY-117M CNY-88M CNY55M CNY-110M CNY-44M CNY-40M CNY-10M CNY-12M CNY
Capital spending274M CNY674M CNY342M CNY99M CNY2,000 CNY————
Free cash flow-318M CNY-791M CNY-430M CNY-44M CNY-110M CNY————
Stock-based compensation775,000 CNY2M CNY8M CNY16M CNY16M CNY10M CNY5M CNY3M CNY—
Net borrowing————————-6,060 CNY
Free cash flow margin-62.4%-99.3%-39.5%-4.0%-11.7%————
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Questions

What was XHG's revenue in 2025?

365M CNY in fiscal 2025, from its 10-K filing.

From XHG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.