XChange TEC.INC Files Form 6-K for August 2024

TL;DR

XChange TEC.INC (fka FLJ Group) filed a 6-K on 8/21, confirming 20-F annual report filings.

AI Summary

XChange TEC.INC, formerly FLJ Group Ltd and Q&K INTERNATIONAL GROUP Ltd, filed a Form 6-K on August 21, 2024, for the month of August 2024. The company, operating in Insurance Agents Brokers & Services, is based in Shanghai, China, and is required to file annual reports under Form 20-F.

Why It Matters

This filing provides an update on the company's reporting status and corporate history, which is important for investors tracking its compliance and structure.

Risk Assessment

Risk Level: low — This is a routine filing that primarily confirms reporting status and corporate history, with no immediate financial or operational news.

Key Players & Entities

• XChange TEC.INC (company) — Registrant
• FLJ Group Ltd (company) — Former Company Name
• Q&K INTERNATIONAL GROUP Ltd (company) — Former Company Name
• 20240821 (date) — Filing Date
• August 2024 (date) — Reporting Period
• Form 6-K (document) — Filing Type
• Form 20-F (document) — Annual Report Form

FAQ

Key Financial Figures

• $10.6 million — ncy service amounted RMB76.7 million (US$10.6 million) in the six months ended March 31, 2024
• $10.0 million — cost of revenues is RMB 72.6 million (US$10.0 million) in the six months ended March 31, 2024
• $1.4 million — ed March 31, 2023 to RMB 9.8 million (US$1.4 million) in the six months ended March 31, 2024
• $0.4 million — ed March 31, 2023 to RMB 2.9 million (US$0.4 million) in the six months ended March 31, 2024
• $1.0 million — ed March 31, 2023 to RMB 6.9 million (US$1.0 million) in the six months ended March 31, 2024
• $2 thousand — ed March 31, 2023 to RMB 15 thousand (US$2 thousand) in the six months ended March 31, 2024
• $0.8 million — ded March 31, 2023 to RMB5.6 million (US$0.8 million) in the six months ended March 31, 2024
• $1.5 million — ed March 31, 2023 to RMB 10.8million (US$1.5 million) in the six months ended March 31, 2024
• $78 thousand — net other income of RMB 0.6 million (US$78 thousand) in the six months ended March 31, 2024
• $2.2 million — ed March 31, 2023 to RMB 15.9million (US$2.2 million) in the six months ended March 31, 2024
• $2.2 million — d March 31, 2023 to RMB 16.0 million (US$2.2 million) in the six months ended March 31, 2024
• $55.9 million — 2023 and a gain of RMB403.4 million (US$55.9 million) in the six months ended March 31, 2024
• $180,000 — Alpha Mind, at a total consideration of $180,000 ("Acquisition"). The purchase price is
• $153,000 — r 28, 2023, the Company issued Notes of $153,000 and $27,000, respectively, to MMTEC, In
• $27,000 — he Company issued Notes of $153,000 and $27,000, respectively, to MMTEC, Inc. and Burge

Filing Documents

• ea0210882-6k_xchange.htm (6-K) — 809KB
• 0001213900-24-071275.txt ( ) — 5514KB
• xhg-20240331.xsd (EX-101.SCH) — 58KB
• xhg-20240331_cal.xml (EX-101.CAL) — 51KB
• xhg-20240331_def.xml (EX-101.DEF) — 291KB
• xhg-20240331_lab.xml (EX-101.LAB) — 513KB
• xhg-20240331_pre.xml (EX-101.PRE) — 300KB
• ea0210882-6k_xchange_htm.xml (XML) — 584KB

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 2 CONDENSED CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2024 (UNAUDITED) AND SEPTEMBER 30, 2023 13 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME FOR THE SIX MONTHS ENDED MARCH 31, 2023 AND 2024 14 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES SHAREHOLDERS' IN DEFICIT FOR THE SIX MONTHS ENDED MARCH 31, 2023 AND 2024 15 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED MARCH 31, 2023 AND 2024 16 NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 17 i Management's Discussion and Analysis of Financial Condition and Results of Operations XChange TEC.INC (formerly known as "FLJ Group Limited") (the "Company," "we," "us" or "our") conducts its insurance agency and insurance technology businesses in the People's Republic of China (the "PRC" or "China") since its acquisition of Alpha Mind Technology Limited ("Alpha Mind") on December 28, 2023 (the "Acquisition"). Alpha Mind conducts its insurance agency and insurance technology businesses through its indirectly wholly-owned subsidiary, Jiachuang Yingan (Beijing) Information & Technology Co., Ltd. (the "WFOE") and the WFOE's consolidated variable interest entities, namely, Huaming Insurance Agency Co., Ltd. ("Huaming Insurance") and Huaming Yunbao (Tianjin) Technology Co., Ltd. ("Huaming Yunbao," together with Huaming Insurance, the "VIEs"). On May 21, 2024, the Company changed its name from "FLJ Group Limited" to "XChange TEC.INC" and began trading under the new ticker symbol "XHG" on The Nasdaq Stock Market, LLC ("NASDAQ") effective on June 3, 2024. Before its acquisition of Alpha Mind, the Company, through Haoju (Shanghai) Artificial Intelligence Technology Co., Ltd. ("Q&K AI"), operated a rental apartment operation platform in the PRC, providing rental and value-added services to young, emerging urban residen

View Full Filing

View this 6-K filing on SEC EDGAR