CXJ GROUP CO., Ltd Files 10-K for Fiscal Year Ended May 31, 2022

Ticker: ECXJ · Form: 10-K · Filed: Jan 9, 2024 · CIK: 1823635

Complexity: simple

Sentiment: neutral

Topics: 10-K, CXJ GROUP, Automotive Parts, Financial Report, Fiscal Year End

TL;DR

<b>CXJ GROUP CO., Ltd has filed its annual 10-K report for the fiscal year ending May 31, 2022, detailing its financial performance and corporate information.</b>

AI Summary

CXJ GROUP CO., Ltd (ECXJ) filed a Annual Report (10-K) with the SEC on January 9, 2024. The filing is a 10-K report for CXJ GROUP CO., Ltd, covering the fiscal year ending May 31, 2022. The company is incorporated in Nevada (NV) and operates in the Motor Vehicle Parts & Accessories industry (SIC 3714). The business and mailing address is located at 3004-2, 532 XI ZI INTERNATIONAL CENTER, JING GAN DISTRICT, HANGZHOU CITY, F4, 310016. The filing includes financial data for fiscal years ending May 31, 2019, 2020, 2021, and 2022. The report references related party members and directors for the fiscal years 2021 and 2022.

Why It Matters

For investors and stakeholders tracking CXJ GROUP CO., Ltd, this filing contains several important signals. This 10-K filing provides a comprehensive overview of CXJ GROUP CO., Ltd's financial health and operational status for the fiscal year 2022, which is crucial for investors to assess the company's performance and future prospects. The inclusion of historical financial data and details on related parties and directors offers context for understanding the company's governance and financial evolution over recent years.

Risk Assessment

Risk Level: low — CXJ GROUP CO., Ltd shows low risk based on this filing. The filing is a standard 10-K report with no immediate red flags, indicating a routine disclosure of financial information.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to make informed investment decisions regarding CXJ GROUP CO., Ltd.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

When did CXJ GROUP CO., Ltd file this 10-K?

CXJ GROUP CO., Ltd filed this Annual Report (10-K) with the SEC on January 9, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by CXJ GROUP CO., Ltd (ECXJ).

Where can I read the original 10-K filing from CXJ GROUP CO., Ltd?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CXJ GROUP CO., Ltd.

What are the key takeaways from CXJ GROUP CO., Ltd's 10-K?

CXJ GROUP CO., Ltd filed this 10-K on January 9, 2024. Key takeaways: The filing is a 10-K report for CXJ GROUP CO., Ltd, covering the fiscal year ending May 31, 2022.. The company is incorporated in Nevada (NV) and operates in the Motor Vehicle Parts & Accessories industry (SIC 3714).. The business and mailing address is located at 3004-2, 532 XI ZI INTERNATIONAL CENTER, JING GAN DISTRICT, HANGZHOU CITY, F4, 310016..

Is CXJ GROUP CO., Ltd a risky investment based on this filing?

Based on this 10-K, CXJ GROUP CO., Ltd presents a relatively low-risk profile. The filing is a standard 10-K report with no immediate red flags, indicating a routine disclosure of financial information.

What should investors do after reading CXJ GROUP CO., Ltd's 10-K?

Investors should review the detailed financial statements and risk factors within the 10-K to make informed investment decisions regarding CXJ GROUP CO., Ltd. The overall sentiment from this filing is neutral.

Key Dates

Filing Stats: 4,597 words · 18 min read · ~15 pages · Grade level 16.3 · Accepted 2024-01-09 13:24:50

Key Financial Figures

Filing Documents

Business

Business 4 ITEM 1A

Risk Factors

Risk Factors 11 ITEM 1B Unresolved Staff Comments 32 ITEM 2

Properties

Properties 32 ITEM 3

Legal Proceedings

Legal Proceedings 32 ITEM 4 Mine Safety Disclosures 32 PART II ITEM 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 33 ITEM 6

Selected Financial Data

Selected Financial Data 33 ITEM 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 33 ITEM 7A

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 37 ITEM 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 37 ITEM 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 37 ITEM 9A

Controls and Procedures

Controls and Procedures 37 ITEM 9B Other Information 39 PART III ITEM 10 Directors, Executive Officers and Corporate Governance 39 ITEM 11

Executive Compensation

Executive Compensation 42 ITEM 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 43 ITEM 13 Certain Relationships and Related Transactions, and Director Independence 44 ITEM 14 Principal Accounting Fees and Services 44 PART IV ITEM 15 Exhibits and Financial Statement Schedules 45 ITEM 16 Form 10-K Summary 45 2 EXPLANATORY NOTE Unless the context requires otherwise, references to "Company," "ECXJ," "we," "us" and "our" are to CXJ Group Co., Limited . Financial Information Included in this 10-K This is the first Annual Report filed by the Company after the original filed 10-K for fiscal year ended May 31, 2021, filed on October 4, 2021,with the Securities and Exchange Commission(" the SEC or Commission"). Readers should be aware that several aspects of this report differ from previous Annual Reports on Form 10-K, as it covers two annual years of the Company. This Annual Report on Form 10-K for the year ended May 31, 2022, also contains our audited Consolidated Financial Statements for the years ended May 31, 2021 (as restated), which have being restated hereby. We have not filed and do not intend to file an amendment to any of our previously filed Annual Report on Form 10-K for the fiscal years ended prior to May 31, 2021. CAUTIONARY NOTES REGARDING FORWARD-LOOKING STATEMENTS This annual report on Form 10-K ("Annual Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as "anticipate," "expect," "intend," "plan," "believe," "foresee," "estimate" and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance

Business

Business Plan Our business plan is to extend our market share through acquiring quality businesses in the Automotive aftermarket industries, in order to increase our customer base and supply channels, as well as to acquire more skilled employees and business connections in the industries. We plan to further develop our online and offline marketing platform and internal enterprise resource planning system (ERP) by engaging an external IT company during 2023. We consider the following factors when evaluating quality acquisition targets: (i) costs involved in an acquisition; (ii) financial performance of the target; (iii) the reputation of the target in its industry; (iv) the target's existing customer base; (v) the target's supplier network; (vi) the expertise and experience of the target's management and employees; and (vii) the inventory condition of the target. Our management believes that successful acquisitions will bring synergies to our business and enhance our shareholders' value. 6 Our Strategies: We plan to diversify our existing product portfolio strategically, and thereby provide our customers with a wider range of choices and broaden our existing customer base. We plan to continue to solidify our relationships with our existing suppliers as well as identifying new suppliers. We plan to strengthen our corporate image by increasing marketing and promotion efforts. We plan to attract, motivate and retain high-quality talent. We will continue to expand and explore additional services and products to enrich our one-stop services to our customers. Our Business, Products and Product Distribution We sell a variety of Automotive aftermarket products, such as engine/machine oil, anti-icing fluid and auto parts. Currently we sell about two different brands of engine/machine oil, most of which are imported from Germany and Malaysia, and the auto parts purchased from domestic, currently we have 259 SKU of auto parts. We have put significant e

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