BEIJING, Sept. 6, 2025 /PRNewswire/ — Autozi Internet Technology (Global) Ltd. (“Autozi” or the “Company”) (Nasdaq: AZI), one of the leading and fast-growing lifecycle automotive service providers in China, today announced its unaudited financial results for the six months ended March 31, 2025.

First Half of Fiscal Year 2025 Financial Highlights

• Total revenues increased 65.9% year-over-year to US$79.9 million, compared with US$48.1 million in the same period of fiscal year 2024, driven by strong growth in auto parts and accessories sales.
• Gross profit improved to US$1.4 million, compared with US$0.1 million in the same period of fiscal year 2024, with gross margin rising to 1.7% from 0.2%.
• Operating loss widened to US$8.1 million, compared with US$2.1 million in the same period of fiscal year 2024. The increased operating expenses in the first half of fiscal year 2025 included certain one-off and non-cash expenses, such as expenses related to financing activities and share-based compensations.
• Net loss was US$5.3 million, an increase of 11.6% from a net loss of US$4.7 million in the same period of fiscal year 2024.

Chairman’s Letter to Shareholders

Dear Shareholders,

The first half of fiscal year 2025 was a pivotal period for Autozi as we continued to reshape our business and strengthen the foundation for sustainable, long-term growth. Our strategy has been clear: concentrate resources on the auto parts and accessories business, a business where we see scale, resilience, and long-term value creation, while deliberately scaling down lower-margin business including new car sales and insurance.

This disciplined focus has already delivered tangible results. Our revenues increased by nearly 66% year-over-year, driven almost entirely by the rapid expansion of our core auto parts and accessories business, which grew to represent 98.7% of total revenues in the first half of fiscal year 2025 compared with 48.5% in the prior-year period. This dramatic shift in business mix underscores the effectiveness of our strategic repositioning and highlights the growing importance of our auto parts and accessories platform.

We also made meaningful progress in improving our profitability. Gross profit increased significantly from the prior year, and gross margin expanded as the revenue contribution from the higher-margin auto parts and accessories business increased. While operating expenses were higher, a substantial portion of the increase stemmed from one-time financing costs and non-cash share-based compensation. Excluding these items, our underlying loss narrowed considerably, reflecting stronger operational discipline and a higher-quality margin profile.

These results have given us the confidence to move forward decisively with our long-term strategic vision, which rests on two major directions. The first is electrification. As electric vehicle sales in China have already surpassed those of fuel-powered cars, we see enormous potential in aligning Autozi with this structural shift by developing capabilities in EV core components. The second is servicization. We are building a next-generation automotive supply chain service platform anchored by three pillars:

• Capitalization: leveraging our status as a public company to partner with and support high-quality enterprises across the automotive value chain;
• Digitalization: applying technology to enhance supply chain efficiency, visibility, and scalability for our partners and customers;
• Globalization: expanding beyond China to help leading Chinese brands compete on the global stage, while broadening Autozi’s revenue base and exposure to international markets.

Together, these two strategic directions provide a powerful roadmap for Autozi’s evolution. They will enable us to move into higher-margin, innovation-driven businesses while developing recurring service revenues, creating a more resilient and scalable business model that we believe will drive lasting shareholder value.

We recognize that the road ahead will include challenges. Like many growth companies, we continue to face near-term pressures on profitability and liquidity. However, we are addressing these challenges with urgency and discipline. By focusing on our core strengths, improving efficiency, and executing on well-defined strategic initiatives, I am confident that Autozi is well-positioned to navigate short-term volatility while advancing toward long-term value creation.

On behalf of the Board of Directors and the management team, I extend my deepest gratitude to our shareholders, employees, and partners for their trust and support. Your vote of confidence motivates us to push forward with clarity and conviction. Together, we are building a stronger Autozi, one that will play a leading role in the innovation, globalization, and electrification of the automotive industry.

Dr. Houqi Zhang
Founder, Chairman, and Chief Executive Officer of Autozi

First Half of Fiscal Year 2025 Financial Results

Revenues

Revenues were US$79.9 million for the six months ended March 31, 2025, an increase of 65.9% or US$31.7 million compared with US$48.1 million in the same period of fiscal year 2024. The increase was primarily driven by a US$55.6 million increase in revenues from auto parts and accessories sales, which accounted for 98.7% of the Company’s total revenues in the first half of fiscal year 2025 compared to 48.5% in the same period of fiscal year 2024, reflecting the Company’s focus on this revenue stream. Higher procurement levels, particularly in lubricating oils, provided cost advantages and supported market expansion. This growth was partially offset by a combined US$23.9 million decline in revenues from new car sales and automotive insurance-related services, as the Company scaled down and temporarily suspended these lower-margin businesses in response to intensified market competition.

Cost of Revenues

Cost of revenues was US$78.5 million for the six months ended March 31, 2025, an increase of 63.5% or US$30.5 million from US$48.0 million in the same period of fiscal year 2024. The increase was mainly attributable to a US$54.3 million rise in costs related to auto parts and accessories sales as the Company further expanded this business, partially offset by a US$23.8 million reduction in costs associated with new car sales and automotive insurance-related services.

Gross Profit

Gross profit was US$1.4 million for the six months ended March 31, 2025, compared with US$0.1 million in the same period of fiscal year 2024. Gross margin improved to 1.7% from 0.2% a year ago. The year-over-year increase of US$1.2 million in gross profit was mainly attributable to a US$1.3 million improvement in auto parts and accessories margins, supported by larger procurement volumes and stronger bargaining power with upstream suppliers.

Operating Expenses

Operating expenses were US$9.5 million for the six months ended March 31, 2025, compared with US$2.2 million in the same period of fiscal year 2024, representing an increase of 336.9% or US$7.3 million. The increase was primarily due to a significantly higher revenue contribution from the auto parts and accessories business, which incurred higher selling and marketing expenses. In addition, the increase in operating expenses during the first half of fiscal 2025 also included certain one-off financing-related expenses and non-cash share-based compensation expenses..

• General and administrative expenses increased by 422.4% to US$7.3 million, compared with US$1.4 million in the prior-year period. The increase was driven by (i) a US$3.2 million increase in consulting and professional service fees, of which approximately US$2.7 million related to financing activities in February 2025 and other financing activities; and (ii) a US$1.9 million increase in share-based compensation for management and administrative personnel.
• Selling and marketing expenses rose by 332.7% to US$1.6 million, compared with US$0.4 million in the prior-year period. The increase was mainly attributable to US$0.7 million in share-based compensation for sales personnel and US$0.5 million in promotional and entertainment expenses as the Company expanded business development activities for its auto parts and accessories business.
• Research and development expenses were US$0.6 million, up 51.0% from US$0.4 million in the same period of 2024. The increase was primarily due to an additional US$0.3 million in share-based compensation for to recruite and maintain top research and development talents.

Other expenses or income, net

Other income, net was US$2.8 million for the six months ended March 31, 2025, compared with other expenses, net of US$2.7 million in the same period of fiscal year 2024. The year-over-year variance was primarily driven by a gain of US$4.4 million recognized following the favorable final judgment in litigation with Hunan Tianhuan Economic Development Co., Ltd., which released the Company from obligations to pay certain penalties and legal fees related to the repurchase of mezzanine equity. This gain was partially offset by a US$0.6 million increase in interest expenses associated with new financing obtained in February 2025.

Net loss

As a result of the foregoing, the Company recorded a net loss of US$5.3 million for the six months ended March 31, 2025, compared with a net loss of US$4.7 million in the same period of 2024.

Going Concern

For the six months ended March 31, 2024 and 2025, the Company incurred net loss of US$4.7 million and US$5.3 million, respectively. As of March 31, 2025, the Company had an accumulated deficit of US$134.8 million and negative working capital of US$19.0 million. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date that the unaudited condensed consolidated financial statements are issued.

The Company has funded the operations and capital needs primarily through the net proceeds received from capital contributions, bank borrowings and the initial public offering. To meet the cash requirements for the next 12 months from the issuance date of this interim financial information, the Company is undertaking a combination of the remediation plans:

(a) The Company is seeking an extension of liabilities including bank loans, convertible bonds and corresponding interests to be paid until the funding shortage issue is resolved.

(b) The Company is focusing on the improvement of operation efficiency, implementation of strict cost control and budget and enhancement internal controls to create synergy of the Company’s resources.

(c) The Company plans to raise additional capital, including among others, obtaining debt and equity financing, to support our operating.

The management plan cannot alleviate the substantial doubt of the Company’s ability to continue as a going concern. There can be no assurance that the Company will be successful in achieving strategic plans, that the future capital raises will be sufficient to support its ongoing operations, or that any additional financing will be available in a timely manner or with acceptable terms, if at all. If the Company is unable to raise sufficient financing or events or circumstances occur such that the Company does not meet the strategic plans, or that it is unsuccessful in increasing profit and reducing operating losses, it would have a material adverse effect on the Company’s financial position, results of operations, cash flows, and ability to achieve intended business objectives.

The unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Accordingly, the unaudited condensed consolidated financial statements have been prepared on a basis that assumes the Company will continue as a going concern and which contemplates the realization of assets and satisfaction of liabilities and commitments in the ordinary course of business.

About Autozi Internet Technology (Global) Ltd.

Autozi Internet Technology (Global) Ltd. is a leading, fast-growing provider of lifecycle automotive services in China. Founded in 2010, Autozi offers a comprehensive range of high-quality, affordable, and professional automotive products and services through both online and offline channels across the country. Leveraging its advanced online supply chain cloud platform and SaaS solutions, Autozi has built a dynamic ecosystem that connects key participants across the automotive industry. This interconnected network enables more efficient collaboration and streamlined processes throughout the entire supply chain, positioning Autozi as a key driver of innovation and growth in the automotive services sector.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements speak only as of the date of this announcement, and the Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, as actual results may be impacted by a variety of factors, including without limitation, changes in macroeconomic conditions, industry dynamics, competitive landscape, regulatory requirements, the Company’s ability to successfully implement its growth strategies and effectively manage costs and operations, and unforeseen business challenges. The Company encourages investors to review other factors that may affect its future results in the Company’s registration statement, periodic reports, including its Annual Report on Form 20-F and Current Report on Form 6-K, and in its other filings with the SEC.

Contact Information

Autozi Internet Technology (Global) Ltd.
Ms. Jiabing Song
Email: boardoffice@autozi.com 

BEIJING, Sept. 6, 2025 /PRNewswire/ — Pintec Technology Holdings Limited (Nasdaq: PT) (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced that it entered into a share transfer agreement with ZIITECH PTY LTD (“ZIITECH”) and certain shareholders of ZIITECH (the “Transferors”) on September 3, 2025. Under the share transfer agreement, the Transferors agree to transfer an aggregate of 715,521 ordinary shares of ZIITECH to the Company (the “Transfer”), in exchange for an aggregate of 83,726,789 Class A ordinary shares of the Company. In connection with the Transfer, the Company has entered into a share purchase agreement with each of the Transferors on September 3, 2025, under which the Company agrees to sell and issue an aggregate of 83,726,789 Class A ordinary shares of the Company to such Transferors or persons designated by such Transferors (together with the Transfer, the “Exchange”).

The closings of the transactions are subject to the satisfaction of customary closing conditions and are expected to take place in September 2025. Upon closing, PINTEC will hold 715,521 ordinary shares of ZIITECH, representing approximately 25% of ZIITECH’s total issued and outstanding shares, and will consolidate ZIITECH’s financial statements pursuant to a shareholders’ agreement.

The foregoing description of the Exchange, the share transfer agreement and the share purchase agreement does not purport to be complete and is qualified in its entirety by the full text of the forms of share transfer agreement, share purchase agreement and shareholders’ agreement attached as exhibits to a Current Report on Form 6-K to be filed with the U.S. Securities and Exchange Commission.

The sale and issuance of the Class A ordinary shares are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Section 4(a)(2) of the Securities Act regarding transactions not involving a public offering and is made in reliance on, and in compliance with, Regulation D and/or Regulation S under the Securities Act, as applicable.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Among other things, the quotations from management in this announcement, as well as Pintec’s strategic and operational plans, contain forward-looking statements. Pintec may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, the Company’s limited operating history, regulatory uncertainties relating to the markets and industries where the Company operates, and the need to further diversify its financial partners, the Company’s reliance on a limited number of business partners, the impact of current or future PRC laws or regulations on wealth management financial products, and the Company’s ability to meet the standards necessary to maintain the listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About Pintec

Pintec is a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises in China. It connects business partners and financial partners on its open platform and enables them to provide financial services to end users efficiently and effectively. Pintec empowers its business partners by providing them with the capability to add a financing option to their product offerings. It helps its financial partners adapt to the new digital economy by enabling them to access the online population that they could not otherwise reach efficiently or effectively. Pintec continues to deliver exceptional digitization services, diversified financial products, and best-in-class solutions with innovative technology, to solidify its relationship with its business partners and satisfy its clients’ needs. Pintec currently holds internet micro lending license, fund distribution license, insurance brokerage license and enterprise credit investigation license in China. For more information, please visit ir.Pintec.com.

HONG KONG, Sept. 6, 2025 /PRNewswire/ — Traditionally in Hong Kong’s capital market, Home Control (1747.HK) has often been described as a “hidden gem”. The company has maintained a solid financial track record with consistent dividend payouts, yet has rarely been in the market spotlight. Recently, the appointment of several new directors has drawn significant investor attention, propelling the share price to record highs since listing, with a year-to-date gain of more than tenfold.

The newly appointed board members bring extensive experience and strong credentials across smart healthcare services, Web3 finance, international business operations, and corporate governance. Their expertise aligns seamlessly with the company’s strategic focus on digital healthcare and smart health services. With the dual boost of enhanced resource integration and strengthened governance standards, Home Control’s long-term growth potential is increasingly recognized.

Distinguished Board Members Bringing Strategic Resources and Global Networks Across Smart Healthcare, Web3, Fintech, ESG, and International Operations

The appointments include Ms. Ma Ying as Non-Executive Director back in June 2025, Mr. Ye Min as Independent Non-Executive Director, and Mr. Chen Yi Chung as Independent Non-Executive Director in the recent announcement. Each of them is bringing outstanding professional expertise and broad international perspectives.

Ms. Ma Ying was a founding member and the Chairman and Legal Representative of the “Zhejiang Jack Ma Public Welfare Foundation” established in 2014. She was also involved in several other public welfare activities, which highlighted her passion for giving back to the community and her commitment to ESG. Her passion will be instrumental in advancing the company’s sustainability initiatives and strengthening its governance framework. Holding the rank of Research Librarian (equivalent to a professorial level) and an investor, Ms. Ma has accumulated extensive experience in the fields of digital healthcare and smart health services, while also establishing a broad network in the public welfare and education sectors. Notably, her connections with leading figures in China’s new economy and related ecosystems provide the company with greater strategic opportunities in the integration of fintech and healthcare industries

Mr. Ye Min is currently a Senior Advisor at Flint Global Ltd. and the Chairman of the Advisory Committee at NV Technology Limited. With over 30 years of experience in credit analysis, capital markets, risk management, ESG, and Web3 finance, Mr. Ye has held senior roles, including Managing Director – Head of International at Moody’s Corporation and CEO of China Chengxin International Credit Rating Company (CCXI). His expertise in corporate strategy, business planning, and board oversight will provide significant support to the company in strategic and compliance matters.

Mr. Chen Yi Chung is the Chief Operating Officer of OUE Limited in Singapore, responsible for the group’s general business and operations, with over 20 years of experience in corporate management, investment and asset management. Mr. Chen invests and manages healthcare services across Asia for OUE, including its subsidiary Healthway, which operates over 130 clinics and medical centres in Singapore. Mr. Chen’s extensive expertise in healthcare services will further fuel the company’s pivot in healthcare and smart healthcare services. His extensive experience in the Singapore market enables efficient communication with international management teams, laying a solid foundation for the company’s international cooperation and expansion. 

International Management Team Drives Next Phase of Business Growth

Home Control reported a 56.9% year-on-year increase in net profit to approximately USD 5 million in the first half of 2025, with a gross margin of 29.7%. Net margin rose significantly from 6.2% in 1H2024 to 8.5% in 1H2025. In terms of revenue composition, traditional control solutions continue to contribute around 80% of total revenue, but the company has disclosed that healthcare solutions have become its second-largest business segment, highlighting the rapid growth of its healthcare-related operations as a new driver of growth.

In 2024, the company upgraded its brand from “Omni Remotes” to “Omni Devices”, reflecting its expansion into the healthcare sector beyond traditional control solutions. Based on the information currently available, the market believes the Company is preparing to expand its healthcare devices and service offering within the smart home environment, using such settings as entry points for personal health data analysis, personal health management and service provision. These initiatives are expected to be underpinned by IoT and AIoT technologies and platforms, enabling real-time personal health management and creating a seamless integration between online and offline healthcare services. Furthermore, it is understood that the company is exploring collaborations with strategic partners to potentially develop a smart healthcare platform leveraging AI and blockchain technologies, which could become a core growth engine for the company in the near future.

The addition of the three new board members brings valuable expertise in management, strategic planning, cross-sector collaboration, and compliance expertise. Their extensive experience in investments and operations across multinational companies will not only help Home Control expand global market opportunities, but also enhance corporate governance, compliance, and internal controls.

Notably, Mr. Ye Min’s expertise in Web3 finance is particularly interesting. With global capital markets increasingly focused on digital assets and Real World Assets (RWA) and their disruptive potential, Mr. Ye’s experience in international capital markets, risk management, and financial innovation provides the company with fresh perspectives on digital healthcare and smart health services, as well as a strategic entry point into capital market opportunities.

The board’s enhanced professionalism and international outlook strengthens market confidence in the company’s governance and is expected to inject new momentum for sustainable long-term growth. Supported by both resource integration and governance enhancement, Home Control is well-positioned for valuation re-rating and long-term growth potential.

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