CXJ GROUP CO., Ltd
For the period ended Nov 30, 2025. Filed Jan 15, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2025 · Filed Jan 15, 2026
ECXJStored price and day change unavailable
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-08-31; filed 2025-10-20.
0001493152-25-018555
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-11-30; filed 2026-01-15.
0001493152-26-002304
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 51 previous paragraphs and 51 current paragraphs.
38 unchanged; 11 reworded; 2 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 7 previous and 7 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
Selling and Distribution expenses for the three months ended November 30, 2025 were $54,957 compared to $48,624 as of November 30, 2024, an increase of $6,333 is due to increase in payroll costs $9,306, entertainment expenses $786, and offset decrease in consultancy fees $1,759, transportation $916, office expenses $543, travelling expenses $238, and others $303.
Current report
Cash flow provided by financing activities is $30,250 and $394,463 for the six months ended November 30, 2025 and 2024 respectively, reflecting a decrease of cash flow $364,213. The decrease in net cash provided by financing activities was mainly due to decrease in proceeds from share issuance $369,728 and offset increase in cash flow $5,515.
Removed paragraphs (2)
Previous report
Selling and Distribution expenses for the three months ended August 31, 2025 were $43,066 compared to $56,129 as of August 31, 2024, a decrease of $13,063 is due to decrease in consultancy fees $10,617, office expenses $2,112, transportation expenses $1,857, entertainment expenses $688, and offset increase in payroll costs $1,486, travelling expenses $582 and others $143.The decrease in selling and distribution expenses is due to slow market activity.
Previous report
Cash flow provided by financing activities is $3,849 for the three months ended August 31, 2025, compared to used in financing activities $5,540 for the three months ended August 31, 2024, reflecting an increase of $9,389. The increase in net cash provided by financing activities was mainly due to increase in advance from related party $9,389.
Reworded paragraphs (11)
Previous wording
For the three months period ended August 31, 2025, we generated total revenue of $91,005 that included brand name administrative fee $66,878, motor oil and auto parts $24,122 and others $5.
Current wording
For the three months period ended November 30, 2025, we generated total revenue of $65,402 that included brand name administrative fee $17,667, motor oil and auto parts $47,715 and others $20.
Previous wording
Total revenues for three months ended August 31, 2025 were $91,005 compared to $114,382 for the three months ended August 31, 2024, which decreased by $18,140. Due to the slow market activity, brand name administrative fee decreased by $18,140, motor oil and auto parts $5,175 and others $62.
Current wording
Total revenues for three months ended November 30, 2025 were $65,402 compared to $100,875 for the three months ended November 30, 2024, which decreased by $35,473. Due to the slow market activity, brand name administrative fee decreased by $23,386, motor oil and auto parts $12,031 and others $56.
Previous wording
Cost of revenue for the three months ended August 31, 2025 were $16,044 compared to $19,373 as of ended August 31, 2024, a decrement of $3,329. Due to the slow market activity, motor oil and auto parts decreased by $2,670 and others $659 respectively.
Current wording
Cost of revenue for the three months ended November 30, 2025 were $29,899 compared to $35,433 as of ended November 30, 2024, a decrement of $5,534. Due to the slow market activity, motor oil and auto parts decreased by $5,513 and others $21 respectively.
Previous wording
Gross profit for the three months ended August 31, 2025 is $74,961 compared to $95,009 as of August 31, 2024, a decrement of $20,048 is mainly due to the decrease of revenue from brand name administrative fee and sales of motor oil and auto parts.
Current wording
Gross profit for the three months ended November 30, 2025 is $35,503 compared to $65,442 as of November 30, 2024, a decrement of $29,939 is mainly due to the decrease of revenue from brand name administrative fee and sales of motor oil and auto parts.
Previous wording
G&A expenses for the three months ended August 31, 2025 were $78,559 compared to $82,547 as of August 31, 2024, a decrease of $3,988 was primarily due to the decrease of impairment of development costs $1,588, rental $1,472, travelling expenses $768, payroll costs $703, others $1,131 and offset with increase in R&D expenses $1,674. The decrease in general and administrative expenses is due to slow market activity.
Current wording
G&A expenses for the three months ended November 30, 2025 were $78,781 compared to $123,570 as of November 30, 2024, a decrease of $44,789 was primarily due to the decrease of consultancy fees $33,574, rental $3,665, travelling expenses $3,218, payroll costs $2,788, others $9,348 and offset with increase in office expenses $7,804.
Previous wording
We recorded an income tax of $0 and tax refund $2,263 for the period ended August 31, 2025 and August 31, 2024, respectively.
Current wording
We recorded an income tax of $0 and tax expense $37,017 for the period ended November 30, 2025 and 2024, respectively.
Previous wording
Net loss $46,776 and $41,567 occurred for the three months ended August 31, 2025 and 2024 respectively, due to the factors discussed above.
Current wording
Net loss $98,298 and $143,693 occurred for the three months ended November 30, 2025 and 2024 respectively, due to the factors discussed above.
Previous wording
We are in start-up stage operations and have generated limited revenues. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.
Current wording
Our business is subject to financial risks including limited capital resources and possible cost overruns due to price and cost increases in services and products.
Previous wording
Cash flow provided by operating activities for the three months ended August 31, 2025 and 2024 is $34,787 and $75,876 respectively, reflecting a decrease of cash flow $41,089. The decrease in net cash provided by operating activities is mainly due to decrease cash flow of accrued liabilities and other payables $123,879, prepayment, deposit and other receivable $11,470, net loss increased by $5,209, amortization of right-use of assets $4,306, impairment of intangible assets $1,588, depreciation $17, offset increased cash flow of advance received $74,961, inventory $18,612, operating lease liabilities $4,906, accounts payable $4,634 and accounts receivable $2,267.
Current wording
Cash flow provided by operating activities is $16,212 for the six months ended November 30, 2025, as compared to cash flow used in operating activities $397,664 for the six months ended November 30, 2024, reflecting an increase of cash flow $413,876. The increase is due to net loss decreased by $40,186, increased of accrued liabilities and other payables $243,214, advance received $147,441, inventory $21,356, operating lease liabilities $8,026 and offset cash outflow of accounts payable $35,199, amortization of right-use of assets $7,301, impairment of intangible assets $1,597, accounts receivable $1,209, prepayment, deposit and other receivable $773 and depreciation $268.
Previous wording
Cash flow used in investing activities is $0 for the three months ended August 31, 2025, as compared to $1,617 for the three months ended August 31, 2023, reflecting an increase of cash flow $1,617. The increase is due to decrease of investment in development costs $1,617 .
Current wording
Cash flow used in investing activities is $0 for the six months ended November 30, 2025 as compared to $1,592 for the six months ended November 30, 2024, reflecting an increase of cash flow $1592. The increase is due to no investment in development costs incurred in the six months ended November 30, 2025.
Previous wording
A provision of $84,151 is provided, where the Company has a business dispute with a customer, and no legal action is taken against us.
Current wording
A provision of $84,746 is provided, where the Company has a business dispute with a customer, and no legal action is taken against us.