XChange TEC.INC
XChange TEC.INC, together with its subsidiaries, engages in the insurance agency and insurance technology businesses primarily to individual end consumers in the People's Republic of China. The company provides a various insurance products underwritten by insurance companies, including industry state-owned property and casualty insurance companies, as well as certain regional property and casualt… Read more
XChange TEC.INC (XHG) - Net Assets
Latest net assets as of December 2025: $-880.33 Million USD
Based on the latest financial reports, XChange TEC.INC (XHG) has net assets worth $-880.33 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($69.39 Million) and total liabilities ($949.73 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-880.33 Million |
| % of Total Assets | -1268.62% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
XChange TEC.INC - Net Assets Trend (2017–2025)
This chart illustrates how XChange TEC.INC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for XChange TEC.INC (2017–2025)
The table below shows the annual net assets of XChange TEC.INC from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $-880.33 Million | -58.17% |
| 2024-09-30 | $-556.57 Million | +13.50% |
| 2023-09-30 | $-643.42 Million | -12.32% |
| 2022-09-30 | $-572.86 Million | +76.95% |
| 2021-09-30 | $-2.48 Billion | -24.59% |
| 2020-09-30 | $-1.99 Billion | -145.97% |
| 2019-09-30 | $-810.87 Million | -4.07% |
| 2018-09-30 | $-779.13 Million | -82.91% |
| 2017-09-30 | $-425.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to XChange TEC.INC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 376090375500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $179.61 Million | % |
| Other Comprehensive Income | $80.01 Million | % |
| Other Components | $3.47 Billion | % |
| Total Equity | $-880.33 Million | 100.00% |
XChange TEC.INC Competitors by Market Cap
The table below lists competitors of XChange TEC.INC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avivagen Inc
PINK:VIVXF
|
$7.66K |
|
Golden Bridge Investment & Securities Co. Ltd.
KQ:001290
|
$7.66K |
|
LNC Technology Co., Ltd
TWO:4587
|
$7.66K |
|
Insan Inc.
KO:277410
|
$7.68K |
|
Tittot Company Limited
TWO:9949
|
$7.66K |
|
BP Silver Corp.
V:BPAG
|
$7.65K |
|
LIGT3F
SA:LIGT3F
|
$7.65K |
|
Kustom Entertainment, Inc.
NASDAQ:KUST
|
$7.64K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XChange TEC.INC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -556,573,000 to -880,334,642, a change of -323,761,642.
- Net loss of 738,731,975 reduced equity.
- Other comprehensive income decreased equity by 26,041,586.
- Other factors increased equity by 441,011,919.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-738.73 Million | -83.91% |
| Other Comprehensive Income | $-26.04 Million | -2.96% |
| Other Changes | $441.01 Million | +50.1% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares XChange TEC.INC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | $-0.08 | $0.80 | x |
| 2018-09-30 | $-0.14 | $0.80 | x |
| 2019-09-30 | $-0.14 | $0.80 | x |
| 2020-09-30 | $-0.35 | $0.80 | x |
| 2021-09-30 | $-0.30 | $0.80 | x |
| 2022-09-30 | $-0.01 | $0.80 | x |
| 2023-09-30 | $0.00 | $0.80 | x |
| 2024-09-30 | $0.00 | $0.80 | x |
| 2025-09-30 | $-42.04 | $0.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XChange TEC.INC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -204.90%
- • Asset Turnover: 5.20x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -46.96% | 0.46x | 0.00x | $-201.09 Million |
| 2018 | 0.00% | -56.17% | 0.50x | 0.00x | $-420.17 Million |
| 2019 | 0.00% | -40.38% | 0.69x | 0.00x | $-416.19 Million |
| 2020 | 0.00% | -126.96% | 1.42x | 0.00x | $-1.33 Billion |
| 2021 | 0.00% | -54.93% | 2.74x | 0.00x | $-319.72 Million |
| 2022 | 0.00% | 125.71% | 6.83x | 0.00x | $877.31 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.97 Million |
| 2024 | 0.00% | -78.66% | 0.37x | 0.00x | $-171.16 Million |
| 2025 | 0.00% | -204.90% | 5.20x | 0.00x | $-650.70 Million |
Industry Comparison
This section compares XChange TEC.INC's net assets metrics with peer companies in the Insurance Brokers industry.
Industry Context
- Industry: Insurance Brokers
- Average net assets among peers: $1,782,205,063
- Average return on equity (ROE) among peers: 13.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XChange TEC.INC (XHG) | $-880.33 Million | 0.00% | N/A | $7.66K |
| Fanhua Inc. (AIFU) | $3.33 Billion | 4.85% | 0.12x | $991.26K |
| Arthur J Gallagher & Co (AJG) | $3.23 Billion | 9.39% | 2.10x | $52.50 Billion |
| Aon PLC (AON) | $9.55 Billion | 38.70% | 4.32x | $66.69 Billion |
| Accelerant Holdings (ARX) | $427.00 Million | 6.37% | 13.27x | $668.60 Million |
| Brown & Brown Inc (BRO) | $27.20 Million | 29.41% | 3.90x | $20.06 Billion |
| The Baldwin Insurance Group, Inc. (BWIN) | $-96.25 Million | 0.00% | 0.00x | $1.98 Billion |
| Crawford & Company (CRD-B) | $207.80 Million | 17.08% | 0.52x | $205.68 Million |
| CorVel Corp (CRVL) | $194.81 Million | 23.97% | 0.63x | $1.55 Billion |
| China United Insurance Service Inc (CUII) | $45.75 Million | 12.89% | 0.95x | $1.56K |
| eHealth Inc (EHTH) | $904.08 Million | -3.12% | 0.23x | $37.15 Million |