CXJ GROUP CO., Ltd Files 10-Q for Q2 FY2023

Ticker: ECXJ · Form: 10-Q · Filed: Jul 24, 2024 · CIK: 1823635

Sentiment: neutral

Topics: 10-Q, quarterly-report, auto-parts

TL;DR

CXJ GROUP files Q2 10-Q, covering period ending Nov 30, 2023. Auto parts sector.

AI Summary

CXJ GROUP CO., Ltd filed its 10-Q for the period ending November 30, 2023. The filing covers the second quarter of their fiscal year, which ends on May 31st. The company is incorporated in Nevada and operates in the Motor Vehicle Parts & Accessories sector.

Why It Matters

This 10-Q filing provides investors with a crucial update on CXJ GROUP CO., Ltd's financial performance and operational status for the second quarter of their fiscal year.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant negative disclosures.

Key Numbers

Key Players & Entities

FAQ

What is the primary business of CXJ GROUP CO., Ltd?

CXJ GROUP CO., Ltd operates in the MOTOR VEHICLE PARTS & ACCESSORIES sector, as indicated by its Standard Industrial Classification code 3714.

For what period is this 10-Q filing?

This 10-Q filing is for the period ending November 30, 2023.

When does CXJ GROUP CO., Ltd's fiscal year end?

CXJ GROUP CO., Ltd's fiscal year ends on May 31st.

In which state is CXJ GROUP CO., Ltd incorporated?

CXJ GROUP CO., Ltd is incorporated in Nevada (NV).

What is the company's business address?

The company's business address is 3004-2, 532 XI ZI INTERNATIONAL CENTER, JING GAN DISTRICT, HANGZHOU CITY, F4, 310016.

Filing Stats: 4,555 words · 18 min read · ~15 pages · Grade level 15.4 · Accepted 2024-07-24 09:41:01

Key Financial Figures

Filing Documents

Financial Statements

Financial Statements: 3 Condensed Consolidated Balance Sheets as of November 30, 2023 (unaudited) and May 31, 2023 (audited) 4 Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months and Six Months Ended November 30, 2023 and 2023 (unaudited) 5 Condensed Consolidated Statement of Changes in Stockholders' Equity for the Three Months and Six Month Ended November 30, 2023 and 2022 (unaudited) 6-7 Condensed Consolidated Statements of Cash Flows for the Six Months Ended November 30, 2023 and 2022 (unaudited) 8 Notes to the Consolidated Financial Statements 9-27 ITEM 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 28 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 32 ITEM 4.

Controls and Procedures

Controls and Procedures 32 PART II OTHER INFORMATION 33 ITEM 1.

Legal Proceedings

Legal Proceedings 33 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 ITEM 3. Defaults Upon Senior Securities 33 ITEM 4. Mine Safety Disclosures 33 ITEM 5. Other Information 33 ITEM 6. Exhibits 33

Signatures

Signatures 34 2 SPECIAL NOTE REGARDING FORWARD—LOOKING STATEMENTS made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may", "will", "expect", "believe", "anticipate", "estimate", "approximate" or "continue", or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles. PART I - FINANCIAL INFORMATION ITEM 1. Financial Statements The accompanying interim financial statements of CXJ GROUP CO., Limited ("the Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United Sta

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