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6-K: Report of foreign private issuer (related to financial reporting)

6-K: Report of foreign private issuer (related to financial reporting)

6-K:外国发行人报告(业绩相关)
美股SEC公告 ·  2024/08/21 21:05

Moomoo AI 已提取核心信息

XChange TEC (formerly FLJ Group) reported its first financial results since pivoting to insurance agency business through the acquisition of Alpha Mind in December 2023. For H1 2024, the company generated revenue of RMB76.7 million ($10.6 million) with a gross profit of RMB4.2 million from insurance agency services.The company's net loss from continuing operations increased to RMB16.0 million ($2.2 million) from RMB4.0 million in H1 2023, primarily due to higher interest expenses of RMB10.8 million related to acquisition financing. However, the company recorded a net gain of RMB403.4 million from discontinued operations due to the disposal of its rental business in October 2023.Looking ahead, XChange TEC plans to focus on expanding its insurance agency network and SaaS platform capabilities. The company faces near-term challenges including repayment of acquisition-related promissory notes and working capital needs, which it aims to address through equity offerings or operational cash flow. Management noted substantial doubt about the company's ability to continue as a going concern due to accumulated deficits and negative operating cash flow.
XChange TEC (formerly FLJ Group) reported its first financial results since pivoting to insurance agency business through the acquisition of Alpha Mind in December 2023. For H1 2024, the company generated revenue of RMB76.7 million ($10.6 million) with a gross profit of RMB4.2 million from insurance agency services.The company's net loss from continuing operations increased to RMB16.0 million ($2.2 million) from RMB4.0 million in H1 2023, primarily due to higher interest expenses of RMB10.8 million related to acquisition financing. However, the company recorded a net gain of RMB403.4 million from discontinued operations due to the disposal of its rental business in October 2023.Looking ahead, XChange TEC plans to focus on expanding its insurance agency network and SaaS platform capabilities. The company faces near-term challenges including repayment of acquisition-related promissory notes and working capital needs, which it aims to address through equity offerings or operational cash flow. Management noted substantial doubt about the company's ability to continue as a going concern due to accumulated deficits and negative operating cash flow.
XChange TEC(前身为FLJ集团)报告了自2023年12月通过收购Alpha Mind转型为保险代理业务以来的首次财务业绩。对于2024年上半年,公司实现营业收入为7670万人民币(1060万美元),毛利润为420万人民币,主要来自保险代理服务。公司的持续经营净亏损从2023年上半年的400万人民币增至1600万人民币(220万美元),主要由于与收购融资相关的利息支出增加至1080万人民币。然而,由于在2023年10月处置其租赁业务,公司在停止经营活动中录得了40340万人民币的净收益。展望未来,XChange TEC计划专注于扩展其保险代理网络和SaaS-云计算平台能力。公司面临的短期挑战包括偿还与收购相关的承诺票据和营运资金需求,公司计划通过股权融资或运营现金流来解决这些问题。管理层对公司能否持续经营表示重大怀疑,原因是累积的亏损和负的运营现金流。
XChange TEC(前身为FLJ集团)报告了自2023年12月通过收购Alpha Mind转型为保险代理业务以来的首次财务业绩。对于2024年上半年,公司实现营业收入为7670万人民币(1060万美元),毛利润为420万人民币,主要来自保险代理服务。公司的持续经营净亏损从2023年上半年的400万人民币增至1600万人民币(220万美元),主要由于与收购融资相关的利息支出增加至1080万人民币。然而,由于在2023年10月处置其租赁业务,公司在停止经营活动中录得了40340万人民币的净收益。展望未来,XChange TEC计划专注于扩展其保险代理网络和SaaS-云计算平台能力。公司面临的短期挑战包括偿还与收购相关的承诺票据和营运资金需求,公司计划通过股权融资或运营现金流来解决这些问题。管理层对公司能否持续经营表示重大怀疑,原因是累积的亏损和负的运营现金流。
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