UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE13a-16 OR15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2020
Commission File Number:001-38712
Pintec Technology Holdings Limited
9/F Heng An Building
No. 17, East 3rd Ring Road
Chaoyang District, Beijing
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form20-F or Form40-F.
Form20-F ☒ Form40-F ☐
Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-T Rule 101(b)(7): ☐
Partial corrections to the Form6-Ks furnished on September 24, 2019 and December 13, 2019
In connection with the preparation of the Company’s consolidated financial statements as of and for the year ended December 31, 2019, the Company determined that, due to inadvertent errors, certain adjustments needed to be made to the unreviewed and unaudited condensed consolidated financial statements for the six months ended June 30, 2019 and the nine months ended September 30, 2019 furnished on Form6-K to the United States Securities and Exchange Commission (the “SEC”) on September 24, 2019 and December 13, 2019.
The Company corrected the use of net basis rather than gross basis to record revenue earned from certain technical service fees for the six months ended June 30, 2018 and 2019 and the nine months ended September 30, 2018 and 2019.
The Company corrected the recognition of financial guarantee liabilities, financial guarantee assets, revenue recognized related to releasing of guarantee liabilities and cost on guarantee for the six months ended June 30, 2019 and the nine months ended September 30, 2019.
The Company furnishes this Form6-K in order to correct the errors.
Although the impact of the corrections on its six months ended June 30, 2019 and nine months ended September 30, 2019 unreviewed and unaudited condensed consolidated financial statements were affected, the Company’s full year unreviewed and unaudited condensed consolidated financial statements of 2018 and 2019, which were included in the Form6-K furnished to the SEC on June 16, 2020, were not affected.
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The tables below illustrate the effects of adjustments made to the unreviewed and unaudited condensed consolidated statements of operations and comprehensive income (loss) data for the six months ended June 30, 2018 and 2019 and nine months ended September 30, 2018 and 2019:
As previously reported | Revised | |||||||||||||||||||||||||||||||
For the Six Months Ended | For the Nine Months Ended | For the Six Months Ended | For the Nine Months Ended | |||||||||||||||||||||||||||||
(In RMB thousands, except for share and per share data) | June 30, 2018 | June 30, 2019 | September 30, 2018 | September 30, 2019 | June 30, 2018 | June 30, 2019 | September 30, 2018 | September 30, 2019 | ||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||||||
Technical service fees | 399,703 | 383,759 | 586,037 | 643,251 | 645,052 | 623,965 | 977,462 | 854,910 | ||||||||||||||||||||||||
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Total revenues | 577,664 | 479,454 | 837,392 | 776,278 | 823,013 | 719,660 | 1,228,817 | 987,937 | ||||||||||||||||||||||||
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Cost of revenues: | ||||||||||||||||||||||||||||||||
Cost on guarantee | — | — | — | — | — | (48,733 | ) | — | (105,704 | ) | ||||||||||||||||||||||
Service cost charged by Jimu Group-related party | — | — | — | — | (245,349 | ) | (169,180 | ) | (391,425 | ) | (209,118 | ) | ||||||||||||||||||||
Cost of revenues | (341,520 | ) | (204,877 | ) | (462,453 | ) | (302,598 | ) | (586,869 | ) | (422,790 | ) | (853,878 | ) | (617,420 | ) | ||||||||||||||||
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Gross profit | 236,144 | 274,577 | 374,939 | 473,680 | 236,144 | 296,870 | 374,939 | 370,517 | ||||||||||||||||||||||||
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Operating expenses: | ||||||||||||||||||||||||||||||||
General and administrative expenses | (96,589 | ) | (131,232 | ) | (159,591 | ) | (221,588 | ) | (96,589 | ) | (135,975 | ) | (159,591 | ) | (200,298 | ) | ||||||||||||||||
Total operating expenses | (186,916 | ) | (218,566 | ) | (288,726 | ) | (342,538 | ) | (186,916 | ) | (223,309 | ) | (288,726 | ) | (321,248 | ) | ||||||||||||||||
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Operating profit | 49,228 | 56,011 | 86,213 | 131,142 | 49,228 | 73,561 | 86,213 | 49,269 | ||||||||||||||||||||||||
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Gain/(loss) on guarantee liabilities | — | 9,678 | (2,839 | ) | (44,382 | ) | — | — | (2,839 | ) | — | |||||||||||||||||||||
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Income before income tax expense | 44,053 | 93,950 | 75,662 | 111,142 | 44,053 | 101,822 | 75,662 | 73,651 | ||||||||||||||||||||||||
Net income | 12,386 | 73,335 | 15,760 | 115,226 | 12,386 | 81,207 | 15,760 | 77,735 | ||||||||||||||||||||||||
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Net (loss)/income attributable to ordinary shareholders | (20,791 | ) | 73,335 | (51,617 | ) | 115,226 | (20,791 | ) | 81,207 | (51,617 | ) | 77,735 | ||||||||||||||||||||
Total comprehensive income | 30,734 | 73,998 | 50,902 | 136,484 | 30,734 | 81,870 | 50,902 | 98,993 | ||||||||||||||||||||||||
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Comprehensive (loss)/income attributable to ordinary shareholders | (2,443 | ) | 73,998 | (16,475 | ) | 136,484 | (2,443 | ) | 81,870 | (16,475 | ) | 98,993 | ||||||||||||||||||||
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Net (loss)/income per ordinary share | ||||||||||||||||||||||||||||||||
Basic | (0.31 | ) | 0.27 | (0.76 | ) | 0.42 | (0.31 | ) | 0.30 | (0.76 | ) | 0.28 | ||||||||||||||||||||
Diluted | (0.31 | ) | 0.26 | (0.76 | ) | 0.38 | (0.31 | ) | 0.28 | (0.76 | ) | 0.26 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Pintec Technology Holdings Limited | ||||
By | : | /s/ Steven Yuan Ning Sim | ||
Name | : | Steven Yuan Ning Sim | ||
Title | : | Chief Financial Officer |
Date: June 29, 2020
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