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Related party transactions (Tables) | 12 Months Ended
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Sep. 30, 2024
Related Party Transactions [Abstract] |
Schedule of 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 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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