YXT.COM GROUP HOLDING LIMITED - YXT STOCK NEWS

YXT.com announced a partnership with a leading Chinese automotive brand to facilitate digital transformation through innovative learning solutions. The collaboration addressed challenges in customer conversion rates and digital marketing talent shortage through a comprehensive training program. Within one month, the implementation resulted in improved business leads, higher order values, and enhanced conversion rates, with one regional division reporting triple-digit month-on-month growth. The project successfully developed top-performing accounts and star hosts, significantly outperforming previous digital marketing efforts.

YXT.com announced significant management changes on November 27, 2024. CEO Teng Zu resigned due to personal reasons and was appointed vice chairman of the Board. Xiaoyan Lu, the company's founder, director, and Board chairman, will assume the CEO position while maintaining his chairman role. Additionally, Chief Technology Officer Yazhou Wu will take on the additional role of Chief Operating Officer (COO), overseeing operational management while continuing his technology leadership responsibilities.

YXT.com reported its unaudited financial results for the first nine months of 2024. Total revenues were RMB241.7 million (US$34.4 million), down from RMB328.8 million in the same period last year. Gross margin improved to 60.4% from 59.3%. Net loss significantly narrowed to RMB14.9 million from RMB245.3 million year-over-year. The company's subscription customers decreased to 2,428 from 3,039, primarily due to strategic shift toward large enterprise accounts and deconsolidation of CEIBS PG. Net revenue retention rate declined to 101.0% from 104.8%. The company maintained focus on large enterprise clients and AI product features despite macro challenges affecting enterprise training spending.

YXT.com Group Holding , a leader in China's digital corporate learning industry, has scheduled to release its financial results for the first nine months of 2024 on November 26, 2024, after U.S. market hours. The company will host an earnings conference call at 8:00 P.M. U.S. Eastern Time on the same day (9:00 A.M. Beijing Time on November 27, 2024). A live and archived webcast will be available on the company's investor relations website.

YXT.com Group Holding announced the appointment of Marcum Asia CPAs LLP as its new independent registered public accounting firm, effective October 31, 2024. This change replaces PricewaterhouseCoopers Zhong Tian LLP (PwC), following approval from the company's audit committee and board of directors. The decision was not due to any disagreements on accounting principles, financial statements, or auditing procedures. PwC's audit reports for fiscal years 2022 and 2023 contained no adverse opinions or modifications. Marcum Asia will audit the company's consolidated financial statements for the fiscal year ending December 31, 2024.

YXT.com Group Holding , a leader in China's digital corporate learning industry, has expanded its customer base to include over 200 Fortune 500 companies in China. The company's partnerships with industry leaders like Hyundai Motor China, Shiseido China, BOE Technology, SANY Group, and Hailiang Group highlight its competitive edge in providing AI-powered corporate learning solutions.

Clients praise YXT.com's comprehensive 'software + content + service' integrated solution for enhancing talent development and driving business growth. The company's impact extends beyond traditional training methods, as demonstrated by a successful collaboration with a leading Chinese automotive brand, where YXT.com's live streaming sales techniques training yielded impressive results in sales leads, average customer value, and lead conversion rate.

YXT.com Group Holding announced the closing of its initial public offering (IPO), raising approximately US$25.0 million in gross proceeds. The offering included 2,273,000 American depositary shares (ADSs) at US$11.00 per ADS, each representing three Class A ordinary shares. The ADSs began trading on the Nasdaq Global Market under the ticker symbol YXT on August 16, 2024.

The underwriters, Kingswood Capital Partners, , and Tiger Brokers (NZ) , have an option to purchase up to 340,950 additional ADSs within 30 days from the final prospectus date. The company plans to use the offering proceeds to expand its market presence in the digital corporate learning industry in China.

The registration statement for the offering was declared effective by the United States Securities and Exchange Commission (SEC). For more information, contact Kingswood Capital Partners,

YXT.com Group Holding , a leader in China's digital corporate learning industry, has priced its initial public offering (IPO) of 2,273,000 American depositary shares (ADSs) at $11.00 per ADS. The total offering size is approximately $25 million. Each ADS represents three Class A ordinary shares. Trading is expected to begin on August 16, 2024, on the Nasdaq Global Market under the ticker symbol 'YXT'. The offering is set to close on August 19, 2024. Underwriters have a 30-day option to purchase up to 340,950 additional ADSs. Kingswood Capital Partners, and Tiger Brokers (NZ) are acting as underwriters, with Kingswood as the representative.