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XCHG Limited

XCHG Limited

NASDAQ•XCH
CEO: Mr. Rui Ding
Sector: Industrials
Industry: Industrial - Machinery
Listing Date: 2016-01-27
XCHG Limited, together with its subsidiaries, engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People's Republic of China, the United States, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services. It serves EV manufacturers, energy players, and charge point operators. XCHG Limited was founded in 2015 and is headquartered in Beijing, the People's Republic of China.
Contact Information
No. 12 Shuang Yang Road, Da Xing District, Beijing, 100023, China
86-10-5721-5988
www.xcharge.com
Market Cap
$63.61M
P/E (TTM)
-5.3
24
Dividend Yield
--
52W High
$2.50
52W Low
$0.55
52W Range
27%
Rank39Top 39.1%
4.2
F-Score
Modified Piotroski Analysis
Based on 4-year fundamentals
Average • 4.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2022-2025

Financial Dashboard

Q2 2024 Data

Revenue

$9.00M-26.28%
4-Quarter Trend

EPS

-$0.02-169.97%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue Growth Strong Margin Total revenues reached US$42.20M in 2024, up 9.6% from 2023; gross margin improved to 50.3%.
Product Deliveries Increase Delivered 1,963 DC fast chargers in 2024, supporting product revenue growth to US$41.51M.
Cash Position Strengthened Cash and equivalents totaled US$26.77M by year-end 2024, following significant financing activities.

Risk Factors

Operating Loss Widens Operating loss reached US$12.03M in 2024, driven by high R&D and operating expenses growth.
Internal Control Weaknesses Material weaknesses identified in internal controls related to U.S. GAAP personnel and IT governance.
PRC Regulatory Uncertainty PRC government regulations on overseas offerings could severely limit ability to offer future securities.

Outlook

US Manufacturing Plant Plan to construct a manufacturing plant in the United States, expected to commence around 2026.
Expand NZS GridLink Commercial deployment of NZS solution across Europe, Americas, Asia; GridLink targets North American market.
Future Funding Strategies Evaluating strategies to obtain additional funding, including equity financing or debt arrangements, for future growth.

Peer Comparison

Revenue (TTM)

Hurco Companies, Inc.HURC
$178.55M
-4.3%
Mammoth Energy Services, Inc.TUSK
$146.87M
-21.7%
Bridger Aerospace Group Holdings, Inc.BAER
$129.87M
+54.4%

Gross Margin (Latest Quarter)

Bridger Aerospace Group Holdings, Inc.BAER
68.9%
+4.5pp
HUHUTECH International Group Inc.HUHU
32.0%
-3.6pp
Flux Power Holdings, Inc.FLUX
28.6%
-3.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
HUHU$185.39M-16.0-171.0%28.3%
BAER$159.41M24.112.1%68.0%
HURC$110.78M-7.3-7.5%4.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.3%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 23, 2025|
    Revenue: $42.20M+9.6%
    |
    EPS: $-0.20-11.1%
    N/A