YXT.COM GROUP HOLDING Ltd: Jiayang Investment & Guangzhou Tale Base
Ticker: YXT · Form: 6-K · Filed: Dec 17, 2025 · CIK: 1872090
Sentiment: mixed
Topics: acquisition, investment, software
TL;DR
YXT.COM bought 10% of HR software firm Shanghai Jiayang for 55k RMB, took a hit on unrealized losses, and also bought into Guangzhou Tale Base.
AI Summary
YXT.COM GROUP HOLDING Ltd, through its subsidiary Jiangsu Radnova, acquired a 10% equity interest in Shanghai Jiayang Information System Co., Ltd for RMB 55,000 on September 28, 2021. Shanghai Jiayang, a human resource management software provider, resulted in unrealized losses of RMB 3,864 for YXT.COM in the six months ended June 30, 2024. The company also acquired a 10.02% equity interest in Guangzhou Tale Base.
Why It Matters
This filing details YXT.COM's investments in software companies, including a 10% stake in Shanghai Jiayang, which has impacted its financial reporting with unrealized losses.
Risk Assessment
Risk Level: medium — The filing indicates unrealized losses from an investment, suggesting potential financial instability or poor performance of acquired assets.
Key Numbers
- RMB 55,000 — Jiayang Investment (Cash consideration paid by Jiangsu Radnova for 10% equity in Shanghai Jiayang.)
- RMB 3,864 — Unrealized Losses (Recognized by YXT.COM in other comprehensive income/(loss) for the six months ended June 30, 2024, related to the Jiayang Investment.)
- 10% — Equity Interest (Acquired in Shanghai Jiayang Information System Co., Ltd by Jiangsu Radnova.)
- 10.02% — Equity Interest (Acquired in Guangzhou Tale Base by Jiangsu Radnova.)
Key Players & Entities
- YXT.COM GROUP HOLDING Ltd (company) — Filer
- Jiangsu Radnova (company) — Subsidiary making investments
- Shanghai Jiayang Information System Co., Ltd (company) — Acquired company
- RMB 55,000 (dollar_amount) — Cash consideration for Jiayang Investment
- RMB 3,864 (dollar_amount) — Unrealized losses for six months ended June 30, 2024
- RMB 497 (dollar_amount) — Unrealized losses for six months ended June 30, 2025
- RMB 500 (dollar_amount) — Dividend declared and paid by Shanghai Jiayang in six months ended June 30, 2024
- Guangzhou Tale Base (company) — Acquired company
FAQ
What is the primary business of Shanghai Jiayang Information System Co., Ltd?
Shanghai Jiayang Information System Co., Ltd is principally engaged in human resource management software.
When did Jiangsu Radnova enter into the share purchase agreement for Shanghai Jiayang?
Jiangsu Radnova entered into the share purchase agreement on September 28, 2021.
What was the total cash consideration for the Jiayang Investment?
The cash consideration for the Jiayang Investment was RMB 55,000.
What were the unrealized losses recognized for the six months ended June 30, 2024?
The company recognized unrealized losses of RMB 3,864 in other comprehensive income/(loss) for the six months ended June 30, 2024.
What percentage of equity interest did Jiangsu Radnova acquire in Guangzhou Tale Base?
Jiangsu Radnova acquired a 10.02% equity interest in Guangzhou Tale Base.
Filing Stats: 4,507 words · 18 min read · ~15 pages · Grade level 9.5 · Accepted 2025-12-17 06:08:00
Key Financial Figures
- $21.3 million — . Our revenues were RMB152.9 million (US$21.3 million) for the six months ended June 30, 2025
- $20.2 million — ning solutions were RMB144.7 million (US$20.2 million) for the six months ended June 30, 2025
- $1.1 million — arning solutions were RMB7.7 million (US$1.1 million) for the six months ended June 30, 2025
- $66.0 thousand — nues from others were RMB0.5 million (US$66.0 thousand) for the six months ended June 30, 2025
- $7.5 million — cost of revenues was RMB53.4 million (US$7.5 million) for the six months ended June 30, 2025
- $13.9 million — Our gross profit was RMB99.5 million (US$13.9 million) for the six months ended June 30, 2025
- $8.6 million — keting expenses were RMB61.9 million (US$8.6 million) for the six months ended June 30, 2025
- $6.7 million — opment expenses were RMB48.3 million (US$6.7 million) for the six months ended June 30, 2025
- $7.6 million — rative expenses were RMB54.2 million (US$7.6 million) for the six months ended June 30, 2025
- $10.3 million — s Our net loss was RMB73.9 million (US$10.3 million) for the six months ended June 30, 2025
- $19.9 million — ne 30, 2025, we had RMB142.4 million (US$19.9 million) in cash and cash equivalents. Our cash
- $8.4 million — Renminbi amounted to RMB59.8 million (US$8.4 million) as of June 30, 2025, among which RMB59
- $8.2 million — 0, 2025, among which RMB59.1 million (US$8.2 million) was held by the VIEs. Meanwhile, our c
- $11.5 million — dollars amounted to RMB82.6 million (US$11.5 million) as of June 30, 2025, among which RMB1.
- $0.2 million — 30, 2025, among which RMB1.3 million (US$0.2 million) was held by the VIEs. As of June 30, 2
Filing Documents
- d41866d6k.htm (6-K) — 374KB
- d41866dex991.htm (EX-99.1) — 1582KB
- 0001193125-25-321610.txt ( ) — 10873KB
- yxt-20250630.xsd (EX-101.SCH) — 1639KB
- d41866d6k_htm.xml (XML) — 2176KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. YXT.COM GROUP HOLDING LIMITED Date: December 17, 2025 By: /s/ Shen Cao Name: Shen Cao Title: Chief Financial Officer YXT.COM GROUP HOLDING LIMITED INTERIM REPORT FOR THE SIX MONTHS ENDED JUNE 30, 2025 PRELIMINARY NOTE Our unaudited condensed consolidated financial statements as of and for the six-months ended June 30, 2025 and June 30, 2024, included herein, are prepared in accordance with accounting principles generally accepted in the United States of America and are reported in U.S. dollars ("US$"). These should be read in conjunction with our audited financial statements as of and for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the "SEC") on Form 20-F on April 24, 2025 (the "2024 Annual Report"). 1
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS This document may contain forward-looking statements that reflect our current or then-current expectations and views of future events. Many of the forward-looking statements contained in this document can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. Forward-looking statements that appear in in this document may include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to of various factors. These risks and uncertainties include factors relating to: general economic, political, demographic and business conditions in China and globally; our ability to implement our growth strategy; the success of operating initiatives, including advertising and promotional efforts and new solution development by us and our competitors our ability to develop and apply our technologies to support and expand our solution offerings; the expected growth of the digital corporate learning industry in China; competition in the digital corporate learning industry in China; changes in government policies and regulation; and other factors that may affect our financial condition, liquidity and results of operations. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as representations or warranties by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to up
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read the following discussion and analysis of our financial condition and results of operations in conjunction with our unaudited condensed consolidated financial statements and the related notes included elsewhere in this document. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under "Risk Factors" and elsewhere in this document. Key Operating Metrics We manage our business using the following key operating metrics. We use these metrics to assess the progress of our business, make decisions on where to allocate capital, time and technology investments and assess the near-term and long-term performance of our business. The following tables set forth the major operating metrics for the periods indicated. As of June 30 2024 2025 Number of subscription customers 2,481 2,358 Net revenue retention rates of subscription customers 102.8 % 100.3 % The number of subscription customers was 2,358 as of June 30, 2025, compared with 2,481 as of June 30, 2024. Net revenue retention rates of subscription customers decreased to 100.3% for the six months ended June 30, 2025 from 102.8% in the same period of last year. The change reflects the Company's strategic shift towards large enterprise accounts with consistent demand for corporate learning solutions, and an anticipated churn of small and medium-sized customers from the Company's portfolio. Results of Operations The following table sets forth a breakdown of our total revenues, in absolute amounts and as percentages of total revenues, for the periods indicated: For the Six Months Ended June 30, 2024 2025 RMB % RMB US$ % (in thousands, except for percentages)