CXJ GROUP CO., Ltd

Current report

For the year ended May 31, 2026, the revenue is $531,606, an increase of $72,974 or 16%, as compared to that for the year ended May 31, 2025 of $458,632. The increment is mainly due to the increase revenue of automotive products $198,308 and offset decrease of brand name management fees $125,334.

Current report

For the year ended May 31, 2026, the cost of revenue is $175,396, an increase of $89,421 as compared to that of May 31, 2025 of $85,975. The increment is mainly due to the increase in sales of motor oil & auto parts $55,405, fuel additive cleaner $25,457, exhaust gas cleaner $9,654 and offset decrease of others $1,095.

Current report

Operating expenses are $656,758 and $2,621,723 for the years ended May 31, 2026 and 2025 respectively, as compared that is a decrease of $1,964,965. The decrease is mainly due to impairment of goodwill decreased by $1,742,577 was due to the goodwill was fully impaired in 2025, consultancy fee decreased by $314,974 was due to written off of prepayment consultancy fees in 2025, rental decreased by $8,343 was due to terminated office leasing of Longkou CXJ, penalty decreased by $7,943 was due to late payment of US corporation tax in 2025, stock loss decreased by $3,662 due to disposal of obsolete stock, promotion $2,588, travelling $2,327, others $2,222 and offset increased impairment loss of other receivable $38,562, payroll costs increased by $27,958 due to pay commission to sales staff, sales commission increased by $26,637 was due to pay sales commission to agents, inventory written-down increased by $16,721 due to written-down of slow-movement and obsoleted stock, transportation cost increased by $2,884 due to increased sales of automotive products, office expenses $2,256, entertainment $2,379, R&D expenses $2,274.

Current report

Other Income/Expenses

Current report

Other income is $299,870 for the year ended May 31, 2026, an increase of $300,378, as compared to that of May 31, 2025 of other expenses $508. The increase is mainly due to project called off and written off of accrual legal fee $300,000.

Current report

The increase in total current assets of $8,543 was mainly attributable to increases in cash and cash equivalents of $62,015, amounts due from related parties of $47,018, and accounts receivable of $184, partially offset by decreases in prepayments of $31,549, deposits and other receivables of $38,237, and inventories of $30,888.

Current report

The increase in total current liabilities of $86,321 was mainly attributable to increases in contract liabilities of $475,297, amounts due to related parties of $23,644, and operating lease liabilities of $9,668, partially offset by decreases in accrued expenses and other payables of $401,052 and accounts payable of $21,236.

Current report

As of May 31, 2026 cash flows provided by operating activities is $76,483, an increase of cash flow $495,008, as compared to cash flow used in operating activities $418,525 for the year ended May 31, 2025. The increase in cash flow is mainly due to net loss reduced by $2,274,345, increased of impairment loss of other receivable $38,562, increased inventory written-down $16,721, increased inventories $25,412, increased contract liabilities $438,830, increased accrued liabilities, increased deposit received and other payables $11,333, increased operating lease liabilities $25,712, and offset decrease of depreciation $725, decreased impairment of goodwill $1,742,577, decreased amortization of right-of-used assets $23,687, decreased written off of accrual legal fee $300,000, decreased accounts receivable $56,491, decreased prepayment, deposits and other receivables $198,407 and decreased accounts payable $14,020.

Current report

No investing activities during the year ended May 31, 2026 and 2025 respectively.

Current report

There are no critical accounting policies and estimates.

Previous report

Revenue totalled of $458,632 for the year ended May 31, 2025, a decrease of $1,860,080 or 80.2%, as compared to that for the year ended May 31, 2024 of $2,318,712. The decrement is mainly due to the decrease of revenue of automobile exhaust cleaner $555,194, brand name management fees $1,007,214, motor oil and spare parts $292,480, and others $5,192.

Previous report

Cost of revenue totalled of $85,975 for the year ended May 31, 2025, a decrease of $586,662 as compared to that of May 31, 2024 of $672,637. The decrement is mainly due to the decrease in sales of exhaust gas cleaners $405,100, motor oil and spare parts $180,294, and others $1,268.

Previous report

Operating expenses are $2,621,723 and $3,791,453 for the years ended May 31, 2025 and 2024 respectively, as compared that is a decrease of $1,169,730. The decrease is mainly due to the decrease in impairment of intangible assets $1,155,802, amortization of intangible assets $138,696, consultancy fee $157,003, sales commission $104,551, payroll costs $78,915, promotion expenses $75,695, travelling expenses $40,992, loss on disposal of subsidiary $25,229, R&D expenses written off $28,980, office expenses $17,479, conference expenses $14,889, entertainment expenses $13,937, transportation expenses $13,667, bad debts written off $2,150, others $7,357, and offset increased in impairment of goodwill $692,593, tax penalty $7,943, stock loss $3,662 and rental $1,414.

Previous report

Decrease of working capital $126,633 is mainly due to decrease in prepayment $288,411, accounts receivable $56,314, amount due to director $75,507, and offset increase of cash and cash equivalents $7,516, deposits and other receivables $ 55,004, due to related parties $22,502, inventories $8,704, accounts payable $10,021, advance received $12,509, accrued expenses and other payable $129,314, operating lease liabilities $48,029.

Previous report

Cash flows used in operating activities for the year ended May 31, 2025 and 2024 are $418,525 and $590,038 respectively, reflecting an increase cash flow of $171,513. The increase in cash flow is mainly due to amortization of right-of-used assets $7,435, impairment of goodwill $692,593, accounts receivables $59,883, prepayment, deposits and other receivables $39,188, accounts payables $198,522, advance received $1,164,549, and offset increase of net profit $145,086, decrease in depreciation and amortization $71, bad debts written off $2,150, amortization and impairment of intangible assets $1,294,498, loss on disposal of subsidiary $25,229, inventories $29,965, operating lease liabilities $6,084, accrued liabilities, deposit received and other payables $487,574.

Previous report

Cash flows used in investing activities are $0 and $5,738 for the year ended May 31, 2025 and 2024 respectively, reflecting an increase cash flow of $5,738. The increase is mainly due to decreased purchased of office equipment $2,934 and net cash from disposal of subsidiary $2,804.

Previous report

In the ordinary course of business, we make a number of estimates and assumptions relating to the reporting of results of operations and financial condition in the preparation of our financial statements in conformity with U.S. generally accepted accounting principles. We base our estimates on historical experience, when available, and on other various assumptions that are believed to be reasonable under the circumstances. Actual results could differ significantly from those estimates under different assumptions and conditions. See Note 2 Summary of Significant Accounting Policies – Use of estimate.