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Related party transactions | 12 Months Ended
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Sep. 30, 2024
Related Party Transactions [Abstract] |
Related party transactions | 19. Related party transactions Related parties The following was a list of related parties which the Group had transactions with:
No. |  | Names of related parties |  | Relationship
1 |  | Zhongchi Chezhigu Internet Technology (Qingdao) Co. Ltd (“Zhongchi Chezhigu”) |  | A company significantly influenced by the Group
2 |  | Beijing Zhongchi Chi Fu Management Consulting Center (limited partnership) (“Zhongchi Chi Fu Management”) |  | A non-controlling shareholder of a subsidiary
3 |  | Beijing Qichuang Zhongteng Investment Management Center (limited partnership) (“Beijing Qichuang”) |  | Shareholder of the Group; A company significantly influenced by Dr. Houqi Zhang
4 |  | Beijing Yonyou Innovation Investment Center (limited partnership) (“Yonyou Innovation”) |  | Shareholder of the Group
5 |  | Dr. Houqi Zhang |  | Principal shareholder of the Group
6 |  | Mr. Hui Zhang |  | Senior management of the Group
7 |  | Shenzhen Innovation Investment Group Co. Ltd (“Shenzhen Innovation”) |  | Shareholder of the Group
8 |  | Ms. Jun Wang |  | Senior management of the Group
9 |  | Changsha Qixin Zhongying Enterprise Consulting and Management Center (limited partnership) (“Changsha Qixin”) |  | Shareholder of the Group
10 |  | Beijing Qizhi Zhongchi Investment Management Center (limited partnership) (“Beijing Qizhi”) |  | Shareholder of the Group; A company controlled by Dr. Houqi Zhang
11 |  | Beijing Anrong Innovation Management Technology Center (limited partnership) (“Beijing Anrong”) |  | Shareholder of the Group
12 |  | Changsha Tongjie Technology Co. Ltd (“Changsha Tongjie”) |  | A company significantly influenced by the Group
13 |  | Mr. Jun Lian |  | Senior management of the Group
14 |  | Huashui Yixing (Beijing) Tax Agents Co., Ltd (“Huashui Yixing”) |  | A company under common controlled with a shareholder
15 |  | Mr. Yufeng Bai |  | Senior management of a subsidiary
16 |  | Henan Zhongqi Alliance Automobile Service Co., Ltd (“Henan Zhongqi”) |  | A company significantly influenced by Mr. Yufeng Bai
17 |  | Beijing Zhongchi Chefu Data Technology Co., Ltd. |  | A company under controlled with a principal shareholder
18 |  | Changsha Chitong Technology Co. Ltd (“Changsha Chitong”) |  | A company significantly influenced by the Group
19 |  | Beijing Qifu Future Consulting Service Center (Limited Partnership) (“Qifu Future”) |  | Shareholder of the Group
20 |  | Ms. Yalin Shen |  | Spouse of Dr. Houqi Zhang
AUTOZI INTERNET TECHNOLOGY (GLOBAL) LTD. NOTES TO COMBINED AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2022, 2023 AND 2024 (In U.S. dollars in thousands, except share and per share data) Related party transactions The Group had the following significant related party transactions for the years ended September 30, 2022, 2023 and 2024: Schedule of related party transactions
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | For the years ended September 30, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
Collection and settlement of loan to related parties |  |  |  |  |  |  |  |  |  |  |  |
Beijing Qichuang |  | $ | 3,524 |  |  | $ | 106 |  |  | $ | 69 |
Dr. Houqi Zhang |  |  | - |  |  |  | 87 |  |  |  | - |
Mr. Jun Lian |  |  | - |  |  |  | 14 |  |  |  | - |
Others |  |  | 23 |  |  |  | 10 |  |  |  | 1 |
Total |  | $ | 3,547 |  |  | $ | 217 |  |  | $ | 70 |
Collection and settlement of loan to related parties |  | $ | 3,547 |  |  | $ | 217 |  |  | $ | 70 |
Proceeds from borrowings from related parties |  |  |  |  |  |  |  |  |  |  |  |
Dr. Houqi Zhang (1) |  | $ | - |  |  | $ | 1,823 |  |  | $ | 629 |
Qifu Future |  |  | - |  |  |  | - |  |  |  | 304 |
Mr. Jun Lian |  |  | - |  |  |  | 535 |  |  |  | 268 |
Ms. Jun Wang |  |  | - |  |  |  | - |  |  |  | 214 |
Mr. Hui Zhang |  |  | - |  |  |  | 14 |  |  |  | 151 |
Others |  |  | - |  |  |  | 3 |  |  |  | - |
Total |  | $ | - |  |  | $ | 2,375 |  |  | $ | 1,566 |
Proceeds from borrowings from related parties |  | $ | - |  |  | $ | 2,375 |  |  | $ | 1,566 |
Repayment and settlement of borrowings to related parties |  |  |  |  |  |  |  |  |  |  |  |
Dr. Houqi Zhang |  | $ | 1,565 |  |  | $ | 2,092 |  |  | $ | 390 |
Qifu Future |  |  | - |  |  |  | - |  |  |  | 305 |
Mr. Jun Lian |  |  | - |  |  |  | 535 |  |  |  | 236 |
Ms. Jun Wang |  |  | - |  |  |  | 43 |  |  |  | 97 |
Mr. Hui Zhang |  |  | - |  |  |  | 14 |  |  |  | 97 |
Zhongchi Chi Fu Management |  |  | - |  |  |  | - |  |  |  | 21 |
Changsha Qixin |  |  | 591 |  |  |  | - |  |  |  | - |
Others |  |  | 31 |  |  |  | - |  |  |  | - |
Total |  | $ | 2,187 |  |  | $ | 2,684 |  |  | $ | 1,146 |
Repayment and settlement of borrowings to related parties |  | $ | 2,187 |  |  | $ | 2,684 |  |  | $ | 1,146 |
Loan to related parties |  |  |  |  |  |  |  |  |  |  |  |
Qifu Future |  | $ | - |  |  | $ | - |  |  | $ | 83 |
Zhongchi Chefu Data |  |  | - |  |  |  | - |  |  |  | 34 |
Changsha Tongjie |  |  | 49 |  |  |  | 5 |  |  |  | - |
Others |  |  | 87 |  |  |  | 77 |  |  |  | - |
Total |  | $ | 136 |  |  | $ | 82 |  |  | $ | 117 |
Loan to related parties |  | $ | 136 |  |  | $ | 82 |  |  | $ | 117 |
Related parties transferred the loan principal lent to the Company and related interest to Dr. Houqi Zhang |  |  |  |  |  |  |  |  |  |  |  |
Huashui Yixing to Dr. Houqi Zhang |  |  | - |  |  |  | 502 |  |  |  | - |
Zhongchi Chi Fu Management to Dr. Houqi Zhang |  |  | - |  |  |  | - |  |  |  | 83 |
Related party amounts of transaction |  |  | - |  |  |  | - |  |  |  | 83 |
Advance to Dr. Houqi Zhang (2) |  |  | - |  |  |  | 156 |  |  |  | - |
Related party cash Advance |  |  | - |  |  |  | 156 |  |  |  | - |
Advance to Dr. Houqi Zhang and offset between loan from Dr. Houqi Zhang |  |  | - |  |  |  | - |  |  |  | 153 |
Advance |  |  | - |  |  |  | - |  |  |  | 153 |
(1) |  | Dr. Houqi Zhang and Ms. Yalin Shen provided personal guarantees for certain bank loans to the Group, see Note 10 Borrowings for details.
(2) |  | Advance to Dr. Houqi Zhang represented cash in advance to Dr. Houqi Zhang for the potential expense for the Group’s financing during the fiscal year 2023, and the advance payment has been offset by the loan from Dr. Houqi Zhang in January 2024.
AUTOZI INTERNET TECHNOLOGY (GLOBAL) LTD. NOTES TO COMBINED AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2022, 2023 AND 2024 (In U.S. dollars in thousands, except share and per share data) Amounts due from related parties Amounts due from related parties consisted of the following for the periods indicated:
|  |  |  | 2023 |  |  | 2024 |
|  |  |  | As of September 30, |
|  |  |  | 2023 |  |  | 2024 |
Related parties |  | Nature |  |  |  |  |  |
Changsha Tongjie (3) |  | Loan to related party |  | $ | 1,018 |  |  | $ | 1,058 |
Mr. Yufeng Bai (3) |  | Loan to related party |  |  | 284 |  |  |  | 295 |
Beijing Qichuang |  | Loan to related party |  |  | 154 |  |  |  | 89 |
Others |  | Others |  |  | 295 |  |  |  | 254 |
Total |  |  |  | $ | 1,751 |  |  | $ | 1,696 |
Amounts due from related parties gross |  |  |  | $ | 1,751 |  |  | $ | 1,696 |
Less: allowance of credit losses (4) |  |  |  |  | (1,348 | ) |  |  | (1,402 | )
Amounts due from related parties, net |  |  |  | $ | 403 |  |  | $ | 294 |
(5) | The Group has recorded full allowance on loan to Changsha Tongjie, Henan Zhongqi and Mr. Yufeng Bai as of September 30, 2023 and 2024 as the collectability is remote.
(6) | The total credit losses for the related party receivables were US$72, US$1,476 and nil for the years ended September 30, 2022, 2023 and 2024, respectively.
Amounts due to related parties Amount due to related parties consisted of the following for the periods indicated:
|  |  |  | 2023 |  |  | 2024 |
|  |  |  | As of September 30, |
|  |  |  | 2023 |  |  | 2024 |
Related parties |  | Nature |  |  |  |  |  |
Dr. Houqi Zhang |  | Loan from related party |  | $ | 218 |  |  | $ | 400 |
Ms. Jun Wang |  | Loan from related party |  |  | 103 |  |  |  | 227 |
Zhongchi Chi Fu Management |  | Loan from related party |  |  | 103 |  |  |  | - |
Others |  | Others |  |  | 54 |  |  |  | 140 |
Total |  |  |  | $ | 478 |  |  | $ | 767 |
Amount due to related parties |  |  |  | $ | 478 |  |  | $ | 767 |
AUTOZI INTERNET TECHNOLOGY (GLOBAL) LTD. NOTES TO COMBINED AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2022, 2023 AND 2024 (In U.S. dollars in thousands, except share and per share data)

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