Framework Journal · one stock, one dated entry

Recorded 2026-07-19 · Permanent

Xunlei Limited XNET

Clears both ethical standards

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China.

The label
Distribution

read at $5.77

Xunlei Limited holds its Distribution at $5.77.

PHINPOOPSC
  • PHPhase · the trend structure carries the Distribution label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-07-19
PhaseDistribution · caution
Quantitative stateThe statistical read favours the sellers, held for 137 days
Price$5.77
Valuation0.43 trailing · N/A forward price to earnings
Values screenPASS · score 70.0
Beta1.12

The business, in plain words · what the numbers mean

The fundamentals · plain-English read
Trailing P/E0.4x
very cheap relative to earnings
Revenue growth53.9%
growing very fast
Profit margin176.7%
highly profitable on every dollar of sales
Return on equity113.1%
an exceptional return on shareholder capital
Debt to equity0.06
minimal debt — a conservative balance sheet
Current ratio2.11
comfortably covers its short-term bills
Beta1.12
moves a little more than the market
Market cap$367M
Employees1,306

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; its business and earnings are exposed to China and to currency swings.

Plain-English interpretation of our own screen data. Analysis, not advice.

Related securities · others in XNET's space worth a look

TLS Telos Corp MOVE Corvex Inc ALLT Allot Ltd RPAY Repay Holdings Corp SWMR Swarmer Inc GRRR Gorilla Technology Group Inc

Screened names in the same industry · explore each on its own page.

Where & how to trade · wherever in the world you are

XNET trades on Nasdaq (the company is based in China). As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The trader read · the latest dated commentary

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 23%. Our forward projection puts the odds of a 10% gain over the next month near 41%. Entered 2026-07-18 · Markdown

The dated journal · newest first, never edited

2026-07-18 Markdown $5.23 +0.0% Entry 3

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 23%. Our forward projection puts the odds of a 10% gain over the next month near 41%.

2026-07-03 Markdown $5.23 +0.0% Entry 2

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.

2026-07-02 Markdown $5.23 Entry 1

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $6.49 -23.9% · $761 -23.9%
2 months $5.80 -14.8% · $852 -14.8%
3 months $6.56 -24.7% · $753 -24.7%
6 months $7.01 -29.5% · $705 -29.5%
1 year $6.42 -23.1% · $770 -23.1%
2 years $1.85 +167.0% · $2,670 +167.0%
3 years $1.59 +210.7% · $3,107 +210.7%
5 years $5.05 -2.2% · $978 -2.2%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever XNET does next, these words stay.

Xunlei Limited · XNET · Distribution · $5.77
Recorded 2026-07-19 · before the outcome · scored mechanically

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