secwatch.observer — SEC 8-K summary
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Issuer:     Senmiao Technology Ltd (AIHS)
CIK:        0001711012
Form:       8-K
Filed at:   2024-08-26T23:59:59+00:00
Accession:  0001213900-24-072581
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Senmiao completes sale of Hunan Xixingtianxia; pro forma FY revenue drops 35%
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- On Aug 20, 2024, subsidiary sold 100% equity in Hunan Xixingtianxia Technology to Jiangsu Yuelaiyuexing Technology.
- Pro forma FY2024 revenue falls to $4.39M from $6.81M after removing XXTX's $2.49M revenue.
- Pro forma net loss attributable to stockholders improves to $3.22M (FY2024) and $645,809 (Q1 FY2025).
- Transaction eliminates $177K in borrowings from financial institution from the balance sheet.
- Pro forma total assets reduced from $9.86M to $9.30M as of March 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711012/000121390024072581/0001213900-24-072581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711012/000121390024072581/ea0212362-8k_senmiao.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-072581

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