Kun Peng International Ltd. Files 2024 10-K
Ticker: KPEA · Form: 10-K · Filed: Jan 14, 2025 · CIK: 1502557
Sentiment: neutral
Topics: 10-K, annual-report, financials, educational-services
TL;DR
Kun Peng Intl. filed its 2024 10-K. Financials for FY24 are in. Check it out.
AI Summary
Kun Peng International Ltd. filed its 10-K for the fiscal year ending September 30, 2024, reporting on its financial performance and business operations. The company, previously known as CX Network Group, Inc. and mLight Tech, Inc., is based in Dongguan, Guangdong Province, China. The filing details its financial statements, including common stock, additional paid-in capital, and retained earnings for the fiscal years 2023 and 2022.
Why It Matters
This 10-K filing provides investors and stakeholders with a comprehensive overview of Kun Peng International Ltd.'s financial health and strategic positioning for the fiscal year 2024.
Risk Assessment
Risk Level: medium — The filing is a standard annual report, but the company's specific industry and financial details would determine the actual risk level.
Key Numbers
- 0930 — Fiscal Year End (Indicates the end of the reporting period for the 10-K.)
- 2024-09-30 — Conformed Period of Report (Specifies the primary period covered by the 10-K filing.)
- 2025-01-14 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- Kun Peng International Ltd. (company) — Filer of the 10-K
- CX Network Group, Inc. (company) — Former name of Kun Peng International Ltd.
- mLight Tech, Inc. (company) — Former name of Kun Peng International Ltd.
- 2024-09-30 (date) — Fiscal year end for the reported 10-K
- 2023-09-30 (date) — Previous fiscal year end
- 2022-09-30 (date) — Fiscal year end prior to the previous
FAQ
What is the primary business of Kun Peng International Ltd.?
The filing lists the Standard Industrial Classification as SERVICES-EDUCATIONAL SERVICES [8200], indicating its primary business is in educational services.
When did Kun Peng International Ltd. change its name from CX Network Group, Inc.?
The date of the name change from CX Network Group, Inc. to Kun Peng International Ltd. was August 8, 2017.
What were the key financial statement components reported for the fiscal year ending September 30, 2023?
The filing mentions reporting on us-gaap:CommonStockMember, us-gaap:AdditionalPaidInCapitalMember, us-gaap:RetainedEarningsMember, us-gaap:AccumulatedOtherComprehensiveIncomeMember, us-gaap:ParentMember, and us-gaap:NoncontrollingInterestMember for 2023-09-30.
Where is Kun Peng International Ltd. located?
The company's business and mailing address is RM 1801 VANKE BUILDING, NORTHWEST HONG 7, HONGTUPIAN DISTRICT NANCHENG RESIDENTIAL, DONGGUAN, GUANGDONG PROVINCE, China.
What is the SEC file number for Kun Peng International Ltd.'s filings?
The SEC file number for Kun Peng International Ltd. is 333-169805.
Filing Stats: 4,682 words · 19 min read · ~16 pages · Grade level 14 · Accepted 2025-01-14 15:46:22
Filing Documents
- form10-k.htm (10-K) — 2677KB
- ex31-1.htm (EX-31.1) — 11KB
- ex31-2.htm (EX-31.2) — 11KB
- ex32-1.htm (EX-32.1) — 5KB
- ex32-2.htm (EX-32.2) — 5KB
- form10-k_007.jpg (GRAPHIC) — 175KB
- form10-k_001.jpg (GRAPHIC) — 40KB
- form10-k_002.jpg (GRAPHIC) — 187KB
- form10-k_003.jpg (GRAPHIC) — 205KB
- form10-k_004.jpg (GRAPHIC) — 93KB
- form10-k_005.jpg (GRAPHIC) — 1KB
- form10-k_006.jpg (GRAPHIC) — 1KB
- auditor_001.jpg (GRAPHIC) — 2KB
- 0001493152-25-002124.txt ( ) — 12841KB
- kpea-20240930.xsd (EX-101.SCH) — 65KB
- kpea-20240930_cal.xml (EX-101.CAL) — 103KB
- kpea-20240930_def.xml (EX-101.DEF) — 286KB
- kpea-20240930_lab.xml (EX-101.LAB) — 447KB
- kpea-20240930_pre.xml (EX-101.PRE) — 417KB
- form10-k_htm.xml (XML) — 1841KB
BUSINESS
ITEM 1. BUSINESS 6
RISK FACTORS
ITEM 1A. RISK FACTORS 48
UNRESOLVED STAFF COMMENTS
ITEM 1B. UNRESOLVED STAFF COMMENTS 74
CYBERSECURITY
ITEM 1C. CYBERSECURITY. 74
PROPERTIES
ITEM 2. PROPERTIES 76
LEGAL PROCEEDINGSMINE SAFETY DISCLOSURES
ITEM 3. LEGAL PROCEEDINGSMINE SAFETY DISCLOSURES 76
MINE SAFETY DISCLOSURES
ITEM 4. MINE SAFETY DISCLOSURES 76 Part II
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES 76
RESERVED
ITEM 6. RESERVED 79
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 79
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 95
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 95
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 96
CONTROLS AND PROCEDURES
ITEM 9A. CONTROLS AND PROCEDURES 96
OTHER INFORMATION
ITEM 9B. OTHER INFORMATION 97 Part III
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 97
EXECUTIVE COMPENSATION
ITEM 11. EXECUTIVE COMPENSATION 103
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 105
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 106
PRINCIPAL ACCOUNTING FEES AND SERVICES
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 108
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 109
Form 10-K SUMMARY
ITEM 16. Form 10-K SUMMARY 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This report, including, without limitation, statements under the sections entitled "Business," "Risk Factors," and "Management's Discussion and Analysis of Financial Condition and Results of Operations," includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). These statements involve known and unknown risks, uncertainties, and other factors which may cause our actual results, performance, or achievements to be materially different from any historical results and future results, performances, or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the following factors: Our independent registered auditors have expressed substantial doubt about our ability to continue as a going concern. We may continue to incur losses in the future and may not be able to return to profitability, which may cause the market price of our shares to decline. Our business plan is based on a relatively new model that may not be successful and we may not successfully implement our business strategies. Forward-looking uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our estimates and assumptions only as of the date of this report. You should read this report and the documents that we reference and that are filed as exhibits to the report completely and with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or