# XChange TEC.INC (XHG)

- Sector: Financials · Industry: Insurance Brokers
- SEC CIK: 0001769256 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001769256))
- Full page: https://inspectstocks.com/stocks/xhg
- Data as of: price 2026-09-28; newest filing used 2026-07-16; latest fiscal period ended 2026-03-31

## Grade

**D-** on the balance-sheet rubric used for lenders, 1 of 4 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | failed |  |  |
| Earnings growing overall | failed |  |  |
| Earnings growing recently | passed |  |  |
| Earns well on its assets | failed |  |  |
| Book value per share growing | not answerable |  |  |

Business quality (the + / − mark): 1 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | failed |  |  |
| Healthy profit margin | failed |  |  |
| Strong operating margin | failed |  |  |
| Good return on equity | failed |  |  |
| Debt under control | passed |  |  |
| Turns sales into cash | failed |  |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, converted from CNY at today's spot rate (every period alike).

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $57.7M |
| Net income, trailing twelve months | -$13.2M |
| Net margin | -22.9% |
| Operating margin | -18.1% |
| Return on equity | 10.1% |
| Debt to equity | -0.04 |
| Diluted EPS, trailing twelve months | $0.00 |
| Share price | $2.37 |
| Market value | $122.2M |
| Price / sales | 2.1x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/xhg)
- [Financial statements](https://inspectstocks.com/stocks/xhg/financials)
- [Competitors](https://inspectstocks.com/stocks/xhg/peers)
- [Earnings](https://inspectstocks.com/stocks/xhg/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.