CXJ GROUP CO., Ltd
For the period ended Aug 31, 2026. Filed Oct 22, 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.
Aug 31, 2026 · Filed Oct 22, 2026
ECXJStored price and day change unavailable
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-02-28; filed 2026-04-10.
0001493152-26-016067
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-08-31; filed 2026-10-22.
0001493152-26-048043
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 46 current paragraphs.
18 unchanged; 14 reworded; 12 added; 16 removed; 3 previous and 2 current paragraphs rearranged.
Tables are not compared: 7 previous and 6 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 (12)
Current report
Total revenues for the three months ended August 31, 2026 were $222,612, compared to $91,005 for the three months ended August 31, 2025, representing an increase of $131,607. The increase was mainly attributable to an increase of $198,485 in automotive products and others, partially offset by a decrease of $66,878 in brand name management fees and services.
Current report
Sales of Automotive Products and Others
Current report
Brand Name Management Fees and Services
Current report
Cost of revenue for the three months ended August 31, 2026 was $94,052 compared to $16,044 for the three months ended August 31, 2025, an increase of $78,008. The increase of $78,008 was attributable to motor oil and auto parts.
Current report
Gross profit for the three months ended August 31, 2026 was $128,560 compared to $74,961 for the three months ended August 31, 2025, an increase of $53,599 is mainly attributable to the increase of automotive products and others of $120,477 and partially offset by the decrease in brand name administrative fees of $66,878.
Current report
Selling and Distribution expenses for the three months ended August 31, 2026 were $48,395 compared to $43,066 for the three months ended August 31, 2025, representing an increase of $5,329. The increase of $5,329 was attributable to the increase in transportation expenses of $4,648, payroll costs of $2,432 and entertainment expenses of $619, and partially offset by the decrease in travelling expenses $1,153, sale commission $927 and others $290. The movement in selling expenses was driven by increase sales of automotive products.
Current report
General and administrative expenses for the three months ended August 31, 2026 were $82,330 compared to $78,559 for the three months ended August 31, 2025, representing an increase of $3,771. The increase of $3,771 was attributable to the increase in consultancy fees of $5,947, R&D expenses of $321and other expenses of $1,349, and was partially offset by the decrease in rental of $1,328, payroll costs of $1,191, travelling expenses of $808, office expenses of $504 and entertainment expenses of $15.
Current report
We recorded no income tax expense for the three months ended August 31, 2026 and 2025.
Current report
Net Profit/(Loss)
Current report
For the three months ended August 31, 2026, cash flows used in operating activities was $108,145, and cash flow provided by operating activities for the three months ended August 31, 2025 was $34,787, respectively, reflecting a decrease in cash flows of $142,932. The decrease in cash flows provided by operating activities of $142,932 was attributable to a decrease in cash flow of contract liabilities of $268,812 counts receivable of $373, depreciation and amortization of $330 and inventory written back $24, and was partially offset by the increase in cash flow of net profit of $74,533, accrued liabilities and other payables of $19,666, prepayments, deposits and other receivables of $14,678, accounts payable of $10,430, inventories of $7,053, amortization of right-of-use assets of $130 and operating lease liabilities $390
Current report
For the three months ended August 31, 2026 and 2025, net cash used in investing activities were $51,997 and $0, respectively, reflecting a decreased in cash flows of $51,997. The decreased was attributable to advances to Hangzhou Xieli Internet Technology Co., Ltd. of $51,997.
Current report
Cash flows provided by financing activities were $142,565 and $3,849 for the three months ended August 31, 2026 and 2025, respectively, reflecting an increase of $138,716. The increase in net cash flows provided by financing activities was due to an increase in advances from Cuiyoa Luo of $138,216 and Lixin Cai of $500, respectively.
Removed paragraphs (16)
Previous report
Total revenues for three months ended February 28, 2026 were $145,267 compared to $64,541 for the three months ended February 28, 2025, which increased by $80,726. Due to the higher demand during Chinese New Year Festival, motor oil and auto part increased by $106,674, exhaust gas cleaner & other increased by $33,785 respectively, and offset brand name administrative fee decreased by $59,733.
Previous report
Administrative Fee of Brand Name
Previous report
Cost of revenue for the three months ended February 28, 2026 were $75,124 compared to $2,443 as of ended February 28, 2025, an increment of $72,681. Due to the higher demand during Chinese New Year Festival, motor oil and auto parts increased by $62,958 and exhaust gas cleaner & others increased by $9,723 respectively.
Previous report
Gross profit for the three months ended February 28, 2026 is $70,143 compared to $62,098 as of February 28, 2025, an increment of $8,045 is mainly due to the increased of sales of motor oil and auto parts, exhaust gas cleaner & others and decrease of revenue from brand name administrative fee.
Previous report
Selling and Distribution expenses for the three months ended February 28, 2026 were $94,459 compared to $46,766 as of February 28, 2025, an increase of $47,693 is due to increase in payroll costs $24,325, sales commission $21,711, transportation $1,893, travelling expenses $1,146, office expenses $1,136, consultancy fee $150, other expenses $636, and offset with decreased in promotion expenses $2,567 and entertainment expenses $737.
Previous report
G&A expenses for the three months ended February 28, 2026 were $74,900 compared to $79,983 as of February 28, 2025, a decrease of $5,083 was primarily due to the decrease of payroll costs $4,044, stock written off $3,632, consultancy fees $993, travelling expenses $550 and offset with increase in entertainment expenses $1,588, office expenses $1,138, rental $933, R&D expenses $114 and other expenses $363.
Previous report
There were no income tax occurred for the period ended February 28, 2026 and 2025.
Previous report
Net Loss
Previous report
Cash flow provided by operating activities is $129,802 for the nine months ended February 28, 2026, as compared to cash flow used in operating activities $395,784 for the nine months ended February 28, 2025, reflecting an increase of cash flow $525,586. The increase is due to net loss decreased by $5,610, increased of advance received $390,344, accrued liabilities and other payables $143,322, prepayments $16,689, operating lease liabilities $9,757, inventory $8,349, deposits and other payables $1,034, and offset cash outflow of accounts payable $32,344, amortization of right-use of assets $8,810, income tax refund $3,475, impairment of intangible assets $3,180, accounts receivable $1,209, and depreciation $501.
Previous report
Cash flow used in investing activities is $0 for the nine months ended February 28, 2026 as compared to $3,175 for the nine months ended February 28, 2025, reflecting an increase of cash flow $3,175. The increase is due to no investment in development costs incurred in the nine months ended February 28, 2026.
Previous report
Cash flow provided by financing activities is $3,524 and $394,584 for the nine months ended February 28, 2026 and 2025 respectively, reflecting a decrease of cash flow $391,060. The decrease in net cash provided by financing activities was mainly due to decrease in proceeds from share issuance $369,728 and advances from related parties $21,332.
Previous report
COMMITMENTS AND CONTINGENCIES
Previous report
Contractual Obligations
Previous report
Our contractual obligations as of February 28, 2026 are as follows:
Previous report
A provision of $84,464 is provided, where the Company has a business dispute with a customer, and no legal action is taken against us.
Previous report
Other than as shown above, we did not have any significant capital and other commitments, long-term obligations or guarantees as of February 28, 2026.
Reworded paragraphs (14)
Previous wording
For the three months period ended February 28, 2026, we generated total revenue of $145,267 that included brand name administrative fee $1,126, motor oil and auto parts $110,356 and exhaust gas cleaner & others $33,785.
Current wording
For the three months period ended August 31, 2026, we generated total revenue of $222,612, which comprised $222,054 from automotive products (motor oil and auto parts) and $558 from others.
Previous wording
The Company are engaging in trading of 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.
Current wording
The Company engages in trading of motor oil and auto parts to their third-party agents in China. Revenues from services consist of administrative of brand name fees. Payments of services are generally received before delivery the services.
Previous wording
Revenues related to sales of 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 customers.
Current wording
Revenues related to sales of automotive products and others are recognized in the consolidated statements of operations and comprehensive income/(loss) when the goods are delivered and ownership transfer to the customers.
Previous wording
We earned the brand name administrative fees from our customers, who pay one-time fixed fee RMB100,000, RMB200,000 and RMB300,000 for one year, RMB90,000 for one to three years and RMB200,000 for one to five years for exchange of (1) the right to use the brand name “Chejiangling / Teenage Hero Car” and “ECXJ”, (2) the right to receive 10% of other new shops’ brand name permission fee, (3) the right to receive 5% of other new shops’ selling, and (4) the right to receive 20% of other new shops’ administrative fee. The fee is not refundable.
Current wording
We earn brand name management fees and services from our customers, who pay one-time fixed fee RMB100,000, RMB200,000 and RMB300,000 for one year, RMB90,000 for one to three years and RMB200,000 for one to five years for exchange of (1) the right to use the brand name “Chejiangling / Teenage Hero Car” and “ECXJ”, (2) the right to receive 10% of other new shops’ brand name permission fee, (3) the right to receive 5% of other new shops’ selling, and (4) the right to receive 20% of other new shops’ administrative fee. The fee is non-refundable.
Previous wording
Cost of revenue consist primarily of costs associated with the purchase of goods. For three months ended February 28, 2026 compared to three months ended February 28, 2025.
Current wording
Cost of revenue consists primarily of costs associated with the purchase of goods. For three months ended August 31, 2026, compared with the three months ended August 31, 2025.
Previous wording
Selling and Distribution expenses include payroll costs, sales-related consultancy fee, travelling expenses, transportation costs, conference and function expenses and other operating expenses associated with sales and marketing.
Current wording
Selling and Distribution expenses consist primarily of payroll costs, travelling expenses, transportation costs and other operating expenses associated with sales and marketing.
Previous wording
General and Administrative (G&A) expenses consist primarily of payroll costs, audit fee, consultancy fee, rental fee and other related expenses.
Current wording
General and Administrative (G&A) expenses consist primarily of payroll costs, audit fees, consultancy fees, rental and other related expenses.
Previous wording
The Company, incorporated in the PRC, was governed by the income tax law of the PRC, and is subject to PRC enterprise income tax (“EIT”), The EIT rate of PRC is 25%.
Current wording
The Company, incorporated in the PRC, is governed by the income tax law of the PRC, and is subject to PRC enterprise income tax (“EIT”), The EIT rate of PRC is 25%.
Previous wording
We are subject to value-added tax at a rate of 13% on sales of motor oil and auto parts and 6% on the services (brand name management services), in each case less any deductible value-added tax we have already paid or borne. We are also subject to surcharges on value-added tax payments in accordance with PRC law.
Current wording
We are subject to value-added tax at a rate of 13% on sales of motor oil and auto parts and 6% on services (brand name administrative services), in each case less any deductible value-added tax we have already paid or borne. We are also subject to surcharges on value-added tax payments in accordance with PRC law.
Previous wording
Net loss $99,214 and $64,638 occurred for the three months ended February 28, 2026 and 2025 respectively, due to the factors discussed above.
Current wording
A net profit of $27,757 and a net loss of $46,776 were recorded for the three months ended August 31, 2026 and 2025, respectively, due to the factors discussed above.
Previous 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.
Current wording
Since commencing operations, our primary use of cash has been to finance working capital needs. We have financed these requirements primarily from cash generated from operations and related party advances.
Previous wording
We expect that we will be able to meet our needs to fund operations, capital expenditures and other commitments in the next 12 months primarily with our cash and cash equivalents, operating cash flows.
Current wording
We expect that we will be able to meet our needs to fund operations, capital expenditures and other commitments over the next 12 months primarily with our cash and cash equivalents and operating cash flows.
Previous wording
We may, however, require additional cash resources due to changes in business conditions or other future developments. If these sources are insufficient to satisfy our cash requirements, we may seek to sell additional equity or debt securities or obtain a credit facility. The sale of additional equity or equity-linked securities could contractually result in additional dilution to stockholders. The incurrence of indebtedness would result in increased debt service obligations and could result in operating and financial covenants that would restrict operations. Financing may not be available in amounts or on terms acceptable to us, or at all.
Current wording
We may, however, require additional cash resources due to changes in business conditions or other future developments. If these sources are insufficient to satisfy our cash requirements, we may seek to sell additional equity or debt securities or obtain a credit facility. The sale of additional equity or equity-linked securities could result in additional dilution to stockholders. The incurrence of indebtedness would result in increased debt service obligations and could result in operating and financial covenants that would restrict operations. Financing may not be available in amounts or on terms acceptable to us, or at all.
Previous wording
The majority of the Company’s revenues and expenses were denominated primarily in Renminbi (“RMB”), the currency of the People’s Republic of China. There is no assurance that exchange rates between the RMB and the U.S. Dollar will remain stable. Inflation has not had a material impact on the Company’s business.
Current wording
The majority of the Company’s revenues and expenses were denominated in Renminbi (“RMB”), the currency of the People’s Republic of China. There is no assurance that exchange rates between the RMB and the U.S. Dollar will remain stable. Inflation has not had a material impact on the Company’s business.
Rearranged current paragraphs (2)
Current report — wording carried from elsewhere
For the three months ended August 31, 2026 compared to three months ended August 31, 2025:
Current report — wording carried from elsewhere
For the three months ended August 31, 2026 compared to three months ended August 31, 2025:
Rearranged previous paragraphs (3)
Previous report — wording carried elsewhere
Sales of Motor Oil and Auto Parts
Previous report — wording carried elsewhere
For three months ended February 28, 2026 compared to three months ended February 28, 2025:
Previous report — wording carried elsewhere
For three months ended February 28, 2026 compared to three months ended February 28, 2025: