XChange TEC.INC Net Assets
XChange TEC.INC net assets. Based on the latest financial reports, XChange TEC.INC (XHG) has net assets worth $-868.12 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($64.88 Million) and total liabilities ($932.99 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. Also explore XHG net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-868.12 Million |
| % of Total Assets | -1338.1% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Net Assets of XChange TEC.INC (2017–2025)
Net assets of XChange TEC.INC from 2017 to 2025. This chart illustrates how XChange TEC.INC's net assets have evolved over time, based on quarterly financial data. See XHG equity to assets ratio to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see XChange TEC.INC (XHG) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $-880.14 Million | -58.14% |
| 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 375990100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
XChange TEC.INC Net Assets Breakdown (September 2025)
XChange TEC.INC net assets breakdown by equity component as of September 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $179.57 Million | % |
| Other Comprehensive Income | $79.99 Million | % |
| Other Components | $3.47 Billion | % |
| Total Equity | $-880.14 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 |
|---|---|
|
So-Young International Inc
NASDAQ:SY
|
$168.08 Million |
|
Adairs Ltd
AU:ADH
|
$168.09 Million |
|
China Dongxiang (Group) Co. Ltd
F:4C1
|
$168.19 Million |
|
Jaeren Sparebank
OL:JAREN
|
$168.20 Million |
|
Bergbahnen Engelberg Truebsee Titlis Bet AG
SW:TIBN
|
$168.00 Million |
|
JIN MEDICAL INTERNATIONAL LTD. Ordinary Shares
NASDAQ:ZJYL
|
$167.99 Million |
|
Value Added Technology Co. Ltd
KQ:043150
|
$167.93 Million |
|
FineTek Co Ltd
TWO:4549
|
$167.92 Million |
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 -880,143,000, a change of -323,570,000.
- Net loss of 748,414 reduced equity.
- Other comprehensive income decreased equity by 26,059,000.
- Other factors decreased equity by 296,762,586.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-748.41K | -0.09% |
| Other Comprehensive Income | $-26.06 Million | -2.96% |
| Other Changes | $-296.76 Million | -33.72% |
| 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 | $-0.07 | $4.07 | x |
| 2018-09-30 | $-0.14 | $4.07 | x |
| 2019-09-30 | $-0.14 | $4.07 | x |
| 2020-09-30 | $-0.35 | $4.07 | x |
| 2021-09-30 | $-0.30 | $4.07 | x |
| 2022-09-30 | $-0.01 | $4.07 | x |
| 2023-09-30 | $0.00 | $4.07 | x |
| 2024-09-30 | $0.00 | $4.07 | x |
| 2025-09-30 | $-42.03 | $4.07 | 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: 0.01x
- • 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% | -47.09% | 0.45x | 0.00x | $-197.13 Million |
| 2018 | 0.00% | -55.91% | 0.53x | 0.00x | $-447.46 Million |
| 2019 | 0.00% | -40.30% | 0.71x | 0.00x | $-435.40 Million |
| 2020 | 0.00% | -125.31% | 1.39x | 0.00x | $-1.29 Billion |
| 2021 | 0.00% | -54.93% | 2.72x | 0.00x | $-315.69 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% | -566.85% | 0.05x | 0.00x | $-171.16 Million |
| 2025 | 0.00% | -204.90% | 0.01x | 0.00x | $87.27 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: $873,031,700
- Average return on equity (ROE) among peers: 11.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XChange TEC.INC (XHG) | $-868.12 Million | 0.00% | N/A | $168.05 Million |
| Fanhua Inc. (AIFU) | $2.34 Billion | 12.00% | 0.73x | $58.07 Million |
| Arthur J Gallagher & Co (AJG) | $371.61 Million | 33.72% | 2.96x | $59.65 Billion |
| Aon PLC (AON) | $1.14 Billion | 16.13% | 4.17x | $68.23 Billion |
| Accelerant Holdings (ARX) | $350.00 Million | -26.20% | 5.28x | $2.31 Billion |
| Brown & Brown Inc (BRO) | $3.75 Billion | 12.80% | 1.39x | $23.34 Billion |
| The Baldwin Insurance Group, Inc. (BWIN) | $237.27 Million | -3.65% | 0.68x | $3.12 Billion |
| Crawford & Company (CRD-A) | $215.69 Million | 6.96% | 3.14x | $363.20 Million |
| Crawford & Company (CRD-B) | $140.80 Million | 22.80% | 0.93x | $223.38 Million |
| CorVel Corp (CRVL) | $45.30 Million | 16.11% | 0.19x | $3.17 Billion |
| eHealth Inc (EHTH) | $135.89 Million | 23.25% | 0.09x | $15.76 Million |
About 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 and Hong Kong. The company offers various insurance products underwritten by insurance companies, including industry state-owned property and casualty insurance companies, as well as certain regional property a… Read more