Stock Analysis

XChange TEC.INC First Half 2024 Earnings: CN¥3.37 loss per share (vs CN¥9.38 loss in 1H 2023)

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XChange TEC.INC (NASDAQ:XHG) First Half 2024 Results

Key Financial Results

  • Revenue: CN¥76.7m (down 62% from 1H 2023).
  • Net loss: CN¥16.0m (loss narrowed by 63% from 1H 2023).
  • CN¥3.37 loss per share (improved from CN¥9.38 loss in 1H 2023).
earnings-and-revenue-history
NasdaqCM:XHG Earnings and Revenue History August 23rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

XChange TEC.INC shares are down 14% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for XChange TEC.INC that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About NasdaqCM:XHG

XChange TEC.INC

Engages in the insurance agency and insurance technology businesses primarily to individual end consumers in the People’s Republic of China.

Moderate risk and overvalued.

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