XChange TEC.INC Files Form 6-K

TL;DR

XChange TEC.INC (fka FLJ Group) filed a 6-K on 9/3/25. Standard reporting.

AI Summary

XChange TEC.INC filed a Form 6-K on September 3, 2025, reporting for the month of September 2025. The company, formerly known as FLJ Group Ltd and Q&K INTERNATIONAL GROUP Ltd, is incorporated in the People's Republic of China and its principal executive offices are located in Shanghai. This filing is incorporated by reference into the Registrant's filings.

Why It Matters

This filing indicates ongoing reporting requirements for XChange TEC.INC, formerly FLJ Group Ltd, which is relevant for investors tracking the company's compliance and disclosures.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer and does not contain new material financial information or significant operational updates.

Key Players & Entities

• XChange TEC.INC (company) — Registrant
• FLJ Group Ltd (company) — Former company name
• Q&K INTERNATIONAL GROUP Ltd (company) — Former company name
• 0001769256 (company) — Central Index Key
• 001-39111 (company) — SEC File Number

FAQ

Key Financial Figures

• $24.2 million — March 31, 2024 to RMB 175.7 million (US$24.2 million) in the six months ended March 31, 2025
• $23.6 million — d March 31, 2024 to RMB171.4 million (US$23.6 million) in the six months ended March 31, 2025
• $0.8 million — ed March 31, 2024 to RMB 6.1 million (US$0.8 million) in the six months ended March 31, 2025
• $1.6 million — d March 31, 2024 to RMB 11.9 million (US$1.6 million) in the six months ended March 31, 2025
• $93.4 million — est and recognized RMB 644.9 million (US$93.4 million) impairment loss in the six months ende
• $90.7 million — March 31, 2024 to RMB 658.6 million (US$90.7 million) in the six months ended March 31, 2025
• $2.5 million — ded March 31, 2024 to RMB 18 million (US$2.5 million) in the six months ended March 31, 2025
• $25.0 thousand — net other expense of RMB 0.2 million (US$25.0 thousand) in the six months ended March 31, 2025
• $3.0 thousand — nd tax expense was RMB 25.0 thousand (US$3.0 thousand) in the six months ended March 31, 2025
• $93.4 million — March 31, 2024 to RMB 677.7 million (US$93.4 million) in the six months ended March 31, 2025
• $180,000 — Alpha Mind, at a total consideration of $180,000 ("Acquisition"). The purchase price is
• $153,000 — 28, 2023, the Company issued Notes of US$153,000 and US$27,000, respectively, to MMTEC,
• $27,000 — ompany issued Notes of US$153,000 and US$27,000, respectively, to MMTEC, Inc. and Burge
• $0.0000001 — 00 Class A ordinary shares, par value US$0.0000001 per share, of the Company (the "Convert
• $27,342 — under the Note with a total amount of US$27,342. On the same date, the Company consumma

Filing Documents

• ea0252651-6k_xchange.htm (6-K) — 763KB
• ea025265101ex10-1_xchange.htm (EX-10.1) — 11KB
• 0001213900-25-084064.txt ( ) — 6031KB
• xhg-20250331.xsd (EX-101.SCH) — 61KB
• xhg-20250331_cal.xml (EX-101.CAL) — 66KB
• xhg-20250331_def.xml (EX-101.DEF) — 317KB
• xhg-20250331_lab.xml (EX-101.LAB) — 558KB
• xhg-20250331_pre.xml (EX-101.PRE) — 338KB
• ea0252651-6k_xchange_htm.xml (XML) — 659KB

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

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 1 CONDENSED CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2025 (UNAUDITED) AND SEPTEMBER 30, 2024 11 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME FOR THE SIX MONTHS ENDED MARCH 31, 2024 AND 2025 12 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES SHAREHOLDERS' IN DEFICIT FOR THE SIX MONTHS ENDED MARCH 31, 2024 AND 2025 13 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED MARCH 31, 2024 AND 2025 14 NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 15 i Management's Discussion and Analysis of Financial Condition and Results of Operations XChange TEC.INC (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"). The Company acquired Topone Consultant Limited ("Topone"), a Hong Kong insurance agency company on March 24, 2025. We are a professional insurance agency which provides a wide variety of insurance products in China. We are committed to providing insurance purchasers with comprehensive services, spanning from application to claim settlement, through our professional and dedicated approach. Since our establishment in 2014, initially specializing in automobile insurance, we have accumulated substantial expertise and su

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View this 6-K filing on SEC EDGAR