$DXF

China Xiniya Fashion Ltd

CIK:0001499494|SEC Filings

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (LOSS) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)
Revenue	¥ 8,838	¥ 12,315	¥ 0
Cost of revenue	(3,711)	(2,744)	0
Gross profit	5,127	9,571	0
Interest income on loans	0	0	11,218
Interest expense
Interest expenses on loans	(1,433)	(856)	(18,720)
Business related taxes and surcharges	(49)	0	(405)
Total interest expense	(1,482)	(856)	(19,125)
Net interest income/(expense)	(1,482)	(856)	(7,907)
Credit impairment losses	0	0	(373,647)
Net interest loss after credit impairment losses	(1,482)	(856)	(381,554)
Operating expenses
Sales and marketing	(806)	0	0
General and administrative	(10,144)	(11,553)	(14,249)
Total operating expenses	(10,950)	(11,553)	(14,249)
Loss on disposal of discontinued operations and subsidiaries	0	(497,532)	0
Loss before income tax	(7,305)	(500,370)	(395,803)
Income tax expense	(731)	(1,711)	0
Net loss	(8,036)	(502,081)	(395,803)
Net loss attributable to:
Equity holders of the Company	(8,036)	(502,081)	(316,642)
Non-controlling interests	0	0	(79,161)
Net loss	(8,036)	(502,081)	(395,803)
Other comprehensive loss for the year
Net loss	(8,036)	(502,081)	(395,803)
Total currency translation differences arising from consolidation	(2,018)	47,047	(1,489)
Total comprehensive loss for the year	(10,054)	(455,034)	(397,292)
Total comprehensive loss attributable to:
Equity holders of the Company	(10,054)	(455,034)	(317,834)
Non-controlling interests	0	0	(79,458)
Total comprehensive loss	¥ (10,054)	¥ (455,034)	¥ (397,292)
Basic and diluted earnings per share for the loss attributable to the equity holders of the Company during the year (expressed in RMB per share)	¥ (0.0001)	¥ (0.04)	¥ (0.15)
Weighted average number of shares outstanding in the year	75,471,592,326	12,745,069,737	2,109,776,108

CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flow from operating activities
Loss before income tax	¥ (7,305)	¥ (500,370)	¥ (395,803)
Adjustments for:
Depreciation of property, plant and equipment	0	0	2,903
Amortization of intangible asset	0	0	1
Amortization of right-of-use asset	520	250	0
Credit impairment losses	0	0	373,647
Share-based payment expenses	758	1,726	0
Loss from disposal of discontinued operations and subsidiaries	0	497,532	0
Operating loss before changes in working capital	(6,027)	(862)	(19,252)
Loans receivable	0	0	(11,218)
Trade receivable	(4,110)	(12,568)	0
Prepaid expenses	2,985	(1,386)	(360)
Trade payable	1,121	1,302	0
Salary and benefit payable	498	1,379	1,834
Interest payable	0	0	18,088
Income tax payable	731	1,711	0
Other payable	1,077	2,996	(109)
Lease liability	327	330	0
Cash flows from (used in) operating activities	(3,398)	(9,098)	(11,017)
Cash flow from investing activities
Cash paid for acquisition of investment	(1,960)	0	0
Net cash used in investing activities	(1,960)	0	0
Cash flow from financing activities
Proceeds received from issuance of share	0	0	7,792
Proceeds received from issuance of convertible notes	7,171	8,272	7,277
Repayments of convertible notes	0	0	(284)
Net cash provided by financing activities	7,171	8,272	14,785
Net (decrease)/increase in cash, cash equivalents and restricted cash	1,813	(826)	3,768
Cash, cash equivalents and restricted cash at beginning of year	79	2,533	295
Exchange gain/(losses) on cash, cash equivalents and restricted cash	1,447	(1,628)	(1,530)
Cash, cash equivalents and restricted cash at end of year	3,339	79	2,533
Supplemental disclosure of non-cash flow:
Operating lease right-of-use asset obtained in exchange for operating lease liabilities	1,165	443	0
Conversion of convertible notes	15,972	7,040	0
Share issuance for share placement, etc	3,546	1,735	¥ 0
Share issued for downpayment of property acquisition	¥ 9,141	¥ 0

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CNY (¥) ¥ in Thousands	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash, cash equivalents and restricted cash	¥ 3,339	¥ 79
Trade receivable	16,678	12,568
Prepaid expenses and other receivable	8,931	11,916
Total current assets	28,948	24,563
NON-CURRENT ASSETS
Long term investments	1,960	0
Intangible asset	44,168	46,102
Non-current downpayment	8,533	0
Right-of of-use asset	645	193
Total non-current assets	55,306	46,295
TOTAL ASSETS	84,254	70,858
CURRENT LIABILITIES
Convertible notes payable	5,393	12,922
Trade payable	2,422	1,302
Salary and benefit payable	4,262	3,764
Income taxes payable	2,442	1,711
Other payable	22,424	22,780
Lease liability	657	330
TOTAL LIABILITIES	37,600	42,809
SHAREHOLDERS' (DEFICIT) /EQUITY
Share capital	34,171	4,985
Additional paid-in capital	511,800	512,327
Statutory reserve	565	346
Currency translation reserve	43,607	45,625
Accumulated losses	(543,489)	(535,234)
TOTAL SHAREHOLDERS' (DEFICIT)/EQUITY	46,654	28,049
TOTAL (DEFICIT)/EQUITY AND LIABILITIES	¥ 84,254	¥ 70,858