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XChange TEC.INC

corporate_fare Company Profile

XChange TEC.INC

XHG·NASDAQ·Technology·CIK 0001769256

The company, as of the date of this annual report, conducts professional insurance agency and insurance technology businesses in the People's Republic of China (PRC). On October 31, 2023, the company sold its equity interest in Haoju to Wangxiancai Limited. In the second half of 2023, the company's rental apartment business was operating at a financial loss. On September 12, 2024, the company sold its equity interest in QK365, FENGLINJU PROPERTY (CHINA) LIMITED, and Shanghai Meileju Intelligent Technology Co., Ltd to Wangxiancai Limited. As a result, the company no longer conducts the long-term apartment rental business as of the date of this annual report. Following these disposals, on December 28, 2023, the company acquired Alpha Mind, an insurance agency and insurance technology business in the PRC. Through its Current VIEs, the company holds the required insurance agent operating license under applicable PRC laws. The company provides a wide variety of insurance products underwritten by major insurance companies, including industry-leading and/or state-owned property and casualty insurance companies, as well as certain regional property and casualty insurance companies in China. The company is not involved in underwriting insurance policies.

XChange TEC.INC (NASDAQ:XHG) is a publicly traded company in the Technology sector. Wiseek has independently scored 6 items for XHG at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-08-13, rated 7/10. Across its 6 most recent items scored 7 or higher, the top rating is 10/10, with 4 rated 8 or above. Recent SEC coverage for XHG spans 6-K, 424B5, 20-F.

Recent high-impact activity:

  • XChange TEC to Acquire First Cycle, Accelerating AI Insurance Push
  • XChange TEC.INC Flags Going Concern as Losses and Negative Equity Mount
  • XChange TEC.INC Secures Highly Dilutive $100M Equity Facility at Deep Discount
  • XChange TEC.INC Secures Over $108M in Highly Dilutive Equity Facility Amidst Going Concern Warning
  • XChange TEC.INC CFO and Director Resigns for Personal Reasons

Financial Snapshot

Fiscal year ended September 30, 2025
Revenue
¥365.27M CNY
Net Income
-¥748.41M CNY
Diluted EPS
¥0.00 CNY
Op. Cash Flow
-¥11.7M CNY
Gross Profit
¥8M CNY
Operating Income
-¥720.34M CNY
Cash & Equivalents
¥10.88M CNY
Total Debt
¥32.53M CNY
Debt / Equity
-0.04×
Net Margin
-204.9%
Shares Outstanding
50.25B sh
Source: 20-F · filed 2026-01-14 · accession 0001213900-26-004379

Short Interest & Short Volume

1.00 days to cover

FINRA reported short interest of 13,616 shares in XHG as of the September 15, 2026 settlement, a 63.6% decrease from the prior period — about 1.0 days to cover at its recent average daily volume. On October 2, 2026, 82.8% of XHG volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)13,616 shares as of September 15, 2026
Change vs prior period▼ 63.6%
Days to cover1.00 at avg daily volume of 13,822
Daily short volume (FINRA facilities)82.8% of 2,262 shares on October 2, 2026
5-day average short volume63.1%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for XHG, detected from its recent SEC filings · based on capital-structure filings through 2026-04-17.

1 recent capital raise

Committed Equity Facility Established · Commitment ADSs Issued as Fee

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

Insider Transactions

XHG files as a Foreign Private Issuer (FPI). Under SEC Exchange Act Section 16(a), officers, directors, and 10% owners of FPIs are exempt from Form 4 insider-transaction reporting requirements. Comparable disclosures, when applicable, appear in the company's Form 20-F (annual) or Form 6-K (interim) filings on SEC EDGAR.

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$1.86
52-week range · as of 2026-07-16 $0.6501 – $2.23
Market cap
$95.88M
Volume
3.4K (0.2× avg)
3-mo avg 17.5K
Live data · 2026-10-05 03:05 UTC · Market closed

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feed XHG - Latest Insights

XHG
Aug 13, 2026, 8:00 AM EDT
Source: Dow Jones Newswires
Importance Score:
7
Price at Filing: $0.955
Real-time Price: $1.86 info
Change: +$0.905 (+95%) info
Market Cap: $95.879M info
XHG
Jul 16, 2026, 4:30 PM EDT
Filing Type: 6-K
Importance Score:
9
Price at Filing: $0.8502
Real-time Price: $1.86 info
Change: +$1.01 (+119%) info
Market Cap: $95.879M info
XHG
Apr 17, 2026, 4:30 PM EDT
Filing Type: 6-K
Importance Score:
9
Price at Filing: $1.04
Real-time Price: $1.86 info
Change: +$0.820 (+79%) info
Market Cap: $95.879M info
XHG
Apr 16, 2026, 4:38 PM EDT
Filing Type: 424B5
Importance Score:
9
Price at Filing: $1.10
Real-time Price: $1.86 info
Change: +$0.760 (+69%) info
Market Cap: $95.879M info
XHG
Apr 07, 2026, 4:30 PM EDT
Filing Type: 6-K
Importance Score:
7
Price at Filing: $0.8677
Real-time Price: $1.86 info
Change: +$0.9923 (+114%) info
Market Cap: $95.879M info
XHG
Jan 14, 2026, 4:31 PM EST
Filing Type: 20-F
Importance Score:
10
Price at Filing: $0.8498
Real-time Price: $1.86 info
Change: +$1.01 (+119%) info
Market Cap: $95.879M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets