CXJ GROUP CO Ltd

Previous wording

For the three months period ended November 30, 2023, we generated total revenue of $866,366 that included brand name administrative fee $366,082, exhaust gas cleaner, motor oil and auto parts $499,355 and others $929.

Current wording

For the three months period ended February 29, 2024, we generated total revenue of $390,268 that included brand name administrative fee $301,674, exhaust gas cleaner, motor oil and auto parts $87,653 and others $941.

Previous wording

Total revenues for three months ended November 30, 2023 were $866,366 compared to $529,818 for the three months ended November 30, 2022, which increased by $336,548, mainly due to the increase of brand name administrative fee $179,617, sales of exhaust gas cleaner $108,128, motor oil and auto parts $48,587and others $216.

Current wording

Total revenues for the three months ended February 29, 2024 were $390,268 compared to $191,637 for the three months ended February 28, 2023, which increased by $198,631, mainly due to the increase of brand name administrative fee $171,243, sales of exhaust gas cleaners, motor oil and auto parts $27,234 and others $154,

Previous wording

The Company are engaging in trading of auto parts, motor oil and automobile exhaust gas cleaners to their third-party agents in China. Revenues from services consist of administrative of brand name and training fees. Payments of services are generally received before delivery the services.

Current wording

The Company are engaging in trading of exhaust gas cleaners, motor oil and auto parts to their third-party agents in China. Revenues from services consist of administrative of brand name and training fees. Payments of services are generally received before delivery the services.

Previous wording

The Company received the purchase order from their third-party agents, the selling price is based on the purchase price plus on a certain margin. Revenues related to sales of auto parts, motor oil and automobile exhaust cleaners are recognized in the consolidated statements of operations and comprehensive income/(loss) at the time when the goods are delivered and the ownership transfer to the third-party agents.

Current wording

The Company received the purchase order from their third-party agents, the selling price is based on the purchase price plus a certain margin. Revenues related to sales of exhaust gas cleaners, motor oil and auto parts are recognized in the consolidated statements of operations and comprehensive income/(loss) at the time when the goods are delivered and the ownership transfer to the third-party agents.

Previous wording

Cost of revenue for the three months ended November 30, 2023 were $335,973 compared to $241,559 as of ended November 30, 2022, an increase of $94,414 is mainly due to the increased of sales of exhaust gas cleaners $78,927, motor oil and auto parts $15,603, and offset decrease in others products $116.

Current wording

Cost of revenue for the three months ended February 29, 2024 were $63,528 compared to $42,541 for the three months ended February 28, 2023, an increase of $20,987 is mainly due to the increase of sales of exhaust gas cleaners, motor oil and auto parts $21,385 and offset decrease of others $398.

Previous wording

Gross profit for the three months ended November 30, 2023 were $530,393 compared to $288,259 as of November 30, 2022, an increment of $242,134 is mainly due to the increase of brand name administrative fee $179,617, sales of exhaust gas cleaner $29,201, motor oil and auto parts $32,984.

Current wording

Gross profit for the three months ended February 29, 2024 were $326,740 compared to $149,096 for the three months ended February 28, 2023, an increase of $177,644 is mainly due to the increase of brand name administrative fee $171,243.

Previous wording

Selling and Distribution expenses include salary, sales-related consultancy fee, travelling expenses, sales commission, conference and function expenses and other operating expenses associated with sales and marketing.

Current wording

Selling and Distribution expenses include salary, sales-related consultancy fee, sales commission, travelling expenses, conference and function expenses and other operating expenses associated with sales and marketing.

Previous wording

General and Administrative (G&A) expenses consist primarily of salary, employee benefits, consultancy fees, rental fee and other related expenses.

Current wording

General and Administrative (G&A) expenses consist primarily of salary, employee benefits, amortization of intangible assets, consultancy fees, rental fee and other related expenses.

Previous wording

G&A expenses for the three months ended November 30, 2023 were $149,720 compared to $209,265 as of November 30, 2022. a decrease of $59,545 was primarily due to decrease of consultancy fees $79,338, payroll costs $44,827 and offset increase of amortization of intangible assets $27,734, office expenses $11,305 and rental $8,268.

Current wording

G&A expenses for the three months ended February 29, 2024 were $132,964 compared to $165,019 for the three months ended February 28, 2023, a decrease of $32,055 was primarily due to the decrease of payroll costs $11,411 and amortization of intangible assets $12,138 and travelling expenses $6,795.

Previous wording

We recorded zero and ($1,513) in income tax expenses for the period ended November 30, 2023 and November 30, 2022, respectively. Received a corporation tax refund $1,513 from tax authority in November 2022.

Current wording

We recorded $5,227 and $1,252 in income tax expenses for the period ended February 29, 2024 and February 28, 2023, respectively.

Previous wording

Net profit for the three months ended November 30, 2023 is $203,216 compared to net loss $23,814 as of November 30, 2022, an increase of profit $227,030 is due to the factors discussed above.

Current wording

Net profit for the three months ended February 29, 2024 is $108,741 compared to net loss $136,085 as of February 28, 2023, an increase of profit $244,826 is due to the factors discussed above.

Previous wording

Since commencing operations, our primary uses of cash have been to finance working capital needs for ave financed these requirements primarily from cash generated from operations and related party advances.

Current wording

Since commencing operations, our primary uses of cash have been to finance working capital needs for have financed these requirements primarily from cash generated from operations and related party advances.

Previous wording

Cash flow used in operating activities for the six months ended November 30, 2023 is $542,850 as compared to the amount of $829,409 used in operating activities for the six months ended November 30, 2022, reflecting an increase of cash flow $286,559. The increase in net cash flow is mainly from cash inflow accrued liabilities and other payable $778,508, prepayment, deposit and other receivables $253,160 and amortization of intangible assets $45,463, and offset cash outflow in decrease net profit by $327,455, inventory $236,262 and accounts payable $215,668.

Current wording

Cash flow used in operating activities for the nine months ended February 29, 2024 is $580,581 as compared to the amount of $944,948 used in operating activities for the nine months ended February 28, 2023, reflecting an increase of cash flow $364,367. The increase in net cash flow is mainly due to increase of advanced, accrued liabilities and other payable $642,342, prepayment, deposit, other receivables $253,548, amortization of intangible assets $44,245, and offset decrease in profit $82,629, accounts payable $261,858, inventory $219,839 and impaired of goodwill $9,133.

Previous wording

Cash flow used investing activities is $5,084 for the six months ended November 30, 2023, as compared to cash flow used in investing activities $1,406,985 for the six months ended November 30, 2022, reflecting an increase of cash flow $1,401,901. The decrease of cash outflow is due to Mr. Lixin Cai increased the share capital of HZ CXJ to $1,410,437 (or RMB10,000,000) by capitalized of purchased copyrights.

Current wording

Cash flow used in investing activities is $5,119 for the nine months ended February 29, 2024, as compared to $1,458,197 for the nine months ended February 28, 2023, reflecting an increase of cash flow $1,453,078. The increase in cash flow is due to Mr. Lixin Cai increased the share capital of HZ CXJ to $1,410,437 (or RMB10,000,000) by capitalized of purchased copyrights in the period ended February 28, 2023.

Previous wording

Cash flow used in financing activities is $32,753 for the six months ended November 30, 2023, compared to cash flow provided by financing activities $1,584,077 for the six months ended November 30, 2022, reflecting a decrease of $1,616,830. The decrease in net cash provided by financing activities was mainly due to proceeds from share issuance $1,552,004, repayment to related party $78,682 and offset advance from directors $13,856.

Current wording

Cash flow used in activities is $57,182 for the nine months ended February 29, 2024, compared to cash flow provided by activities $1,662,685 for the nine months ended February 28, 2023, reflecting a decrease of $1,719,867. The decrease in net cash provided by financing activities was mainly due to proceeds from share issuance $1,603,114, advance from directors $72,045 and advance to related party $44,708.