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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:外國發行人報告(業績相關)
美股SEC公告 ·  2024/08/21 21:05

Moomoo AI 已提取核心訊息

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(前稱FLJ集團)報告了自2023年12月收購Alpha Mind以來轉型爲保險代理業務後的首次財務結果。2024年上半年,公司實現營業收入人民幣7670萬(1060萬美元),毛利潤爲人民幣420萬,來自保險代理服務。公司的持續經營淨虧損從2023年上半年的人民幣400萬增加至人民幣1600萬(220萬美元),主要由於與收購融資相關的利息費用增加了人民幣1080萬。然而,由於在2023年10月處置了其租賃業務,公司記錄了人民幣40340萬的終止經營淨收益。展望未來,XChange TEC計劃專注於擴展其保險代理網絡和Saas-雲計算平台的能力。公司面臨短期挑戰,包括收購相關的 promissory notes 贖回和營運資金需求,計劃通過股權融資或運營現金流來解決。管理層對公司作爲持續經營能力的信心表示嚴重懷疑,原因是累積赤字和負的經營現金流。
XChange TEC(前稱FLJ集團)報告了自2023年12月收購Alpha Mind以來轉型爲保險代理業務後的首次財務結果。2024年上半年,公司實現營業收入人民幣7670萬(1060萬美元),毛利潤爲人民幣420萬,來自保險代理服務。公司的持續經營淨虧損從2023年上半年的人民幣400萬增加至人民幣1600萬(220萬美元),主要由於與收購融資相關的利息費用增加了人民幣1080萬。然而,由於在2023年10月處置了其租賃業務,公司記錄了人民幣40340萬的終止經營淨收益。展望未來,XChange TEC計劃專注於擴展其保險代理網絡和Saas-雲計算平台的能力。公司面臨短期挑戰,包括收購相關的 promissory notes 贖回和營運資金需求,計劃通過股權融資或運營現金流來解決。管理層對公司作爲持續經營能力的信心表示嚴重懷疑,原因是累積赤字和負的經營現金流。
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