XChange Tec FY26 H1 net loss narrows to RMB 17.91 million; revenue rises 12.6% to RMB 197.83 million
XHG•First-half loss narrows as revenue rises
- XChange Tec posted a net loss of RMB 17.91 million for the six months ended March 31, 2026, narrowing from RMB 677.71 million a year earlier.
- Revenue rose 12.6% to RMB 197.83 million, while operating loss narrowed to RMB 8.37 million from RMB 658.62 million.
- Interest expense, net fell 42.4% to RMB 10.37 million, while other income swung to RMB 992,000 from other expense of RMB 180,000.
- Cash and cash equivalents fell to RMB 4.44 million at March 31, 2026 from RMB 10.88 million at Sept. 30, 2025.
Shelf registration and ADS sales agreement
- A $300 million shelf registration became effective April 1, 2026; a Securities Purchase Agreement allows up to $100 million of ADS sales through April 1, 2028.
