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X3 HOLDINGS CO., LTD.: 20-F filed 2026-04-27

What X3 HOLDINGS CO., LTD. reported in its annual report (foreign private issuer) filed 2026-04-27 (fiscal FY 2025): 53 published measures, 139 facts as tagged in accession 0001213900-26-048038.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2026-04-27
Fiscal period
fiscal FY 2025
Accession
0001213900-26-048038 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All X3 HOLDINGS CO., LTD. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2025-12-3161,642,841USD
At 2024-12-3186,395,019USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2025-12-3121,635,701USD
At 2024-12-3136,487,552USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2025-12-3135,481,074USD
At 2024-12-3145,944,303USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2025-12-312,212,707USD
At 2024-12-314,193,839USD
At 2023-12-312,991,563USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-26,200,687USD365
2024-01-01 to 2024-12-31-76,237,228USD366
2023-01-01 to 2023-12-31-109,598,441USD365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-3,240,755USD365
2024-01-01 to 2024-12-31-992,440USD366
2023-01-01 to 2023-12-31-11,152,805USD365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2025-01-01 to 2025-12-31227,829USD365
2024-01-01 to 2024-12-31723,977USD366
2023-01-01 to 2023-12-31679,146USD365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2025-01-01 to 2025-12-316,292,009USD365
2024-01-01 to 2024-12-3111,611,442USD366
2023-01-01 to 2023-12-3116,824,823USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2025-01-01 to 2025-12-311,944,435USD365
2024-01-01 to 2024-12-312,177,110USD366
2023-01-01 to 2023-12-319,289,034USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-872,727USD365
2024-01-01 to 2024-12-31-1,510,863USD366
2023-01-01 to 2023-12-31-2,430,858USD365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2025-12-31-281,990,538USD
At 2024-12-31-255,789,851USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2025-01-01 to 2025-12-31307,365shares365
2024-01-01 to 2024-12-3176,725shares366
2023-01-01 to 2023-12-3110,503shares365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2025-01-01 to 2025-12-31307,365shares365
2024-01-01 to 2024-12-3176,725shares366
2023-01-01 to 2023-12-3110,503shares365

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-202.46USD/shares365
2024-01-01 to 2024-12-31-993.64USD/shares366
2023-01-01 to 2023-12-31-10,434.89USD/shares365

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-202.46USD/shares365
2024-01-01 to 2024-12-31-993.64USD/shares366
2023-01-01 to 2023-12-31-10,434.89USD/shares365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-1,664,473USD365
2024-01-01 to 2024-12-31-122,754USD366
2023-01-01 to 2023-12-31-57,341USD365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2025-12-315,744,391USD
At 2024-12-315,980,692USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2025-01-01 to 2025-12-316,027,637USD365
2024-01-01 to 2024-12-315,834,999USD366
2023-01-01 to 2023-12-316,058,117USD365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-32,143,596USD365
2024-01-01 to 2024-12-31-83,403,042USD366
2023-01-01 to 2023-12-31-53,562,038USD365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2025-12-3118,545,579USD
At 2024-12-3125,497,485USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2025-12-3120,040,760USD
At 2024-12-3134,457,791USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2025-12-3113,990,263USD
At 2024-12-3118,073,964USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2025-12-312,805,485USD
At 2024-12-314,838,820USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2025-12-3114,144,098USD
At 2024-12-3117,281,112USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2025-01-01 to 2025-12-3136,189,437USD365
2024-01-01 to 2024-12-3188,024,277USD366
2023-01-01 to 2023-12-3156,982,234USD365

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2025-01-01 to 2025-12-314,045,841USD365
2024-01-01 to 2024-12-314,621,235USD366
2023-01-01 to 2023-12-313,420,196USD365

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2025-01-01 to 2025-12-312,246,168USD365
2024-01-01 to 2024-12-316,990,207USD366
2023-01-01 to 2023-12-3113,404,627USD365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2025-01-01 to 2025-12-312,553,431USD365
2024-01-01 to 2024-12-314,062,297USD366
2023-01-01 to 2023-12-314,814,463USD365

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2025-12-312,212,707USD
At 2024-12-314,264,560USD
At 2023-12-314,715,500USD
At 2022-12-319,380,322USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2025-12-31-5,335,019USD
At 2024-12-31-6,072,241USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2025-12-3140,007,140USD
At 2024-12-3149,907,467USD
At 2023-12-31144,020,747USD
At 2022-12-31102,550,142USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2025-12-31539,705USD
At 2024-12-31338,017USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2025-12-31556,470USD
At 2024-12-31362,185USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2025-12-313,131,515USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2025-12-318,825,244USD
At 2024-12-318,287,351USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2025-12-313,080,853USD
At 2024-12-312,306,659USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2025-12-316,096,818USD
At 2024-12-3111,072,858USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2025-12-31673,930USD
At 2024-12-311,702,483USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2025-12-311,984,828USD
At 2024-12-311,855,313USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2024-12-311,882,829USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-28,066,880USD365
2024-01-01 to 2024-12-31-83,955,915USD366
2023-01-01 to 2023-12-31-122,284,536USD365

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-26,402,407USD365
2024-01-01 to 2024-12-31-83,833,161USD366
2023-01-01 to 2023-12-31-122,227,195USD365

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-25,463,465USD365
2024-01-01 to 2024-12-31-77,246,953USD366
2023-01-01 to 2023-12-31-111,327,416USD365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2025-01-01 to 2025-12-316,458,581USD365
2024-01-01 to 2024-12-317,179,289USD366
2023-01-01 to 2023-12-3112,130,707USD365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2025-01-01 to 2025-12-31701,480USD365
2024-01-01 to 2024-12-31480,560USD366
2023-01-01 to 2023-12-31453,628USD365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2025-01-01 to 2025-12-312,774,653USD365
2024-01-01 to 2024-12-316,113,904USD366
2023-01-01 to 2023-12-315,458,596USD365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2025-01-01 to 2025-12-312,073,173USD365
2024-01-01 to 2024-12-315,633,344USD366
2023-01-01 to 2023-12-315,004,968USD365

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-454,977USD365
2024-01-01 to 2024-12-31-1,127,491USD366
2023-01-01 to 2023-12-31-169,107USD365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2025-01-01 to 2025-12-314,076,716USD365
2024-01-01 to 2024-12-31-552,873USD366
2023-01-01 to 2023-12-31-68,722,498USD365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2025-01-01 to 2025-12-312,652USD365
2024-01-01 to 2024-12-31-411USD366
2023-01-01 to 2023-12-319,354USD365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-1,667,125USD365
2024-01-01 to 2024-12-31-122,343USD366
2023-01-01 to 2023-12-31-66,695USD365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2025-01-01 to 2025-12-31741,006USD365
2024-01-01 to 2024-12-31286,608USD366
2023-01-01 to 2023-12-31144,080USD365

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-6,102,932USD365
2024-01-01 to 2024-12-31-231,204USD366
2023-01-01 to 2023-12-316,409,095USD365

Inspect the source

Entity
X3 HOLDINGS CO., LTD. / CIK 0001754323
Captured
2026-09-21T17:29:15.235Z
SEC response SHA-256
a78ea60ba42d72b2569cb8efe6b555687d4cbaf647332c1276ed2aeb8807213b

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001754323.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))