CXJ GROUP CO., Ltd

Distressed Chinese VIE micro-cap with collapsing revenue, deep losses, and a severe working-capital deficit.

Strengths

• Reported gross margin of 81% (100th pct), though on a tiny and shrinking revenue base
• Statutory net-income-growth percentile (63.6) is an artifact of comparing two large loss years

Risks

• Revenue fell 80% YoY, net margin -498% (10th pct), ROA -7.6 (5.9th pct); current ratio 0.15 signals acute liquidity distress
• VIE contractual structure with no direct equity ownership plus PRC capital-control and dividend-remittance risk
• Working capital deficit of ~$1.6M against ~$10k cash; viability depends on continued share issuance

Notable findings

• Net lossNet loss (net margin -498.0%)
• Weak liquidityCurrent ratio 0.15 (<1)