Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 186

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 19
Chunk 186
---
 111,553  

The
accompanying notes are an integral part of these consolidated financial statements.

F-4

XChange
TEC. INC

(formerly
known as “ FLJ Group Limited”)

CONSOLIDATED
STATEMENTS OF COMPREHENSIVE LOSS

(Renminbi
and USD in thousands, except for share and per share data, unless otherwise stated)

                                                                                                                                                For the years ended September 30,                                                                         
                                                                                                                                                                             2022      2023                                 2024                          
                                                                                                                                                                              RMB      RMB                                   RMB                          
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                                                                                                                                                       —      —                                 288,369                  41,092  
  Cost of revenue                                                                                                                                                               —      —                               ( 274,901                ( 39,173  
  Gross profit                                                                                                                                                                  —      —                                  13,468                   1,919  
  Total operating costs and expenses:                                                                                                                                                                                                                     
  Selling and marketing expenses                                                                                                                                             ( 12      ( 24                             ( 11,199                 ( 1,596  
  General and administrative expenses                                                                                                                                    ( 29,321      ( 23,467                         ( 16,091                 ( 2,293  
  Research and development expenses                                                                                                                                          ( 22      ( 46                                 ( 24                     ( 3  
  Goodwill impairment loss                                                                                                                                                      —      —                               ( 574,978                ( 81,934  
  Total operating expenses                                                                                                                                               ( 29,355      ( 23,537                        ( 602,292                ( 85,826  
  Loss from continuing operations                                                                                                                                        ( 29,355      ( 23,537                        ( 588,824                ( 83,907  
  Interest expense, net                                                                                                                                                  ( 42,042      ( 1,565                          ( 26,105                 ( 3,720  
  Inducement expenses                                                                                                                                                   ( 423,686      —                                       —                       —  
  Other income, net                                                                                                                                                             —      —                                   2,311                     329  
  Total Other Expense                                                                                                                                                   ( 465,728      ( 1,565                          ( 23,794                 ( 3,391  
  Loss from continuing operations before income taxes                                                                                                                   ( 495,083      ( 25,102                        ( 612