株探米国株
英語
エドガーで原本を確認する
6-K 1 e7058_6-k.htm FORM 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

 

SECURITIES EXCHANGE ACT OF 1934

 

For the month of November, 2025

 

Commission File Number 001-42576

 

Ruanyun Edai Technology Inc. 

(Translation of registrant’s name into English)

 

No. 698 Jing Dong Avenue, ZheJiang University HighTech Campus

Nanchang, Jiangxi, China 330096

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):☐

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR On May 20, 2025, July 31, 2025, and November 17, 2025, Ruanyun Edai Technology Inc. issued press releases, copies of which are attached hereto as Exhibits 99.1, 99.2, and 99.3, respectively, and are incorporated herein by reference.

 


 

 

Exhibit No.   Description of Exhibit
99.1   Press Release, dated May 20, 2025
99.2   Press Release, dated July 31, 2025
99.3   Press Release, dated November 17, 2025

 


 

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.

 

Date: November 24, 2025

 

  RUANYUN EDAI TECHNOLOGY INC.
     
  By: /s/ Yan Fu
    Name: Yan Fu
    Title: Director and Chief Executive Officer

 

 

EX-99.1 2 e7058_ex99-1.htm EXHIBIT 99.1

 

 

EXHIBIT 99.1 

 

Ruanyun Edai Launches AI-Powered Chinese Learning Platform “HanLink” in Saudi Arabia

 

Nanchang, China, May 20, 2025 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (“Ruanyun” or the “Company”) (NASDAQ: RYET), a leading AI-powered education technology company in China, today announced the successful launch and pilot of its innovative Chinese language learning platform, HanLink in Saudi Arabia.

 

Yan Fu, Founder and CEO of Ruanyun, stated: “HanLink marks a transformative leap in language education. By integrating AI with cultural exchange, we are proud to support Saudi Arabia’s local students with the skills needed to thrive in a globalized world.”

 

Strategic Partnership Driving Educational Innovation

 

HanLink utilizes AI to provide scalable, immersive Chinese language learning instruction. Some of the core features of HanLink include AI-driven learning, which enables real-time pronunciation correction, character-writing analysis, and over 180 real-world conversational scenarios. HanLink also provides 24/7 tutoring - its “AI Han” - that offers instant feedback and personalized support. Moreover, HanLink’s teacher tools facilitate automated grading, performance dashboards, and curriculum-aligned resources. Its data analytics function presents comprehensive insights for administrators, from national trends to individual student progress.

 

Pilot Program Success

 

A four-week trial at Riyadh’s Education & Skills International School (500 students, grades 1–12) yielded impressive results such as an 80% homework accuracy rate, average oral proficiency score of 75/100, and 15 minutes/day of self-guided practice via the HanLink app, among other positive feedbacks.

 

Following the pilot’s success, Ruanyun plans to expand and bring HanLink to as many local schools in Saudi Arabia as possible.

 

About Ruanyun Edai Technology Inc.

 

Ruanyun Edai Technology Inc. is an innovative AI-driven education technology company dedicated to transforming the K-12 education landscape in China. By leveraging proprietary AI-powered solutions, the Company provides intelligent learning tools, assessment platforms, and adaptive learning systems that enhance academic performance and streamline educational processes. Committed to modernizing education, the Company empowers schools, teachers, and students with cutting-edge teaching, learning, and evaluation tools through the integration of AI and the internet, fostering a more efficient and effective learning model.

 

For more information, please visit: http://www.ruanyun.net/, https://investors.ruanyun.net/.

 

Forward-Looking Statement

 

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 


 

For more information, please contact:

 

Investor Relations
WFS Investor Relations Inc.
Janice Wang
Managing Partner
Email: jwang@wealthfsllc.com
Tel: +1 628 283 9214 I +86-1381-176-8559

 

 

EX-99.2 3 e7058_ex99-2.htm EXHIBIT 99.2

 

 

EXHIBIT 99.2

 

Ruanyun Edai Technology Announces Financial Results for Fiscal Year 2025

 

Nanchang, China, July 31, 2025 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (“Ruanyun” or the “Company”) (NASDAQ: RYET), a leading AI-powered education technology company in China, today announced its financial results for the fiscal year ended March 31, 2025.

 

Key Financial Performance Highlights

 

Revenue decreased by 27.0% to $6.7 million in FY2025, primarily due to declines in SmartHomework® platform development and digitalization services, despite significant increases in revenues from SmartHomework® software customization and content development, and licensing sales, which rose by 3117% and 5492%, respectively, along with a 70.4% growth in SmartExam® services driven by international expansion after the IPO.

 

Gross profit rose 29.1% to $3.8 million, with gross margin improving from 32.1% to 56.7%, driven by a shift to higher-margin software services.

 

As a result, net loss narrowed to $0.5 million from $2.1 million.

 

Yan Fu, Founder and CEO of Ruanyun, commented: “In FY2025, despite our decrease in total revenue, our software customization and content development segment saw strong growth. As policy changes in China impacted revenue from some of our services, we’re strategically shifting towards higher-margin software and AI-based services like AI-OCR for greater efficiency and customer diversification.”

 

“Aggressive cost management significantly strengthened our financials. Cost of revenue dropped by more than 50% to approximately $2.9 million. This led to a substantial 29.1% gross profit increase to approximately $3.8 million, expanding our gross margin by 24.6% to 56.7%. Consequently, our net loss narrowed significantly to approximately $0.5 million in FY2025 from approximately $2.1 million a year earlier.”

 

“Looking ahead, our U.S. IPO has already enabled the international replication of our business model, demonstrated by services provided to Lorpzenst Innovations LLC in the United States. Furthermore, our advancements in AI-based digital technology services, particularly with AI-OCR, present broad applicability beyond our current focus. In Saudi Arabia our innovative Chinese language learning platform, HanLink, has already established local partnerships and we are structured to keep expanding in the Middle Eastern region. We believe that this technological foundation and our proven operational model position us well for potential expansion into vocational, postgraduate, and adult education sectors, as well as broader geographic markets. Ruanyun believes that these strategic shifts, combined with improved profitability and efficient cost management, lay the groundwork for sustainable long-term growth and enhanced value for our shareholders.”

 

Fiscal Year 2025 Financial Results

 

    For fiscal years ended March 31
In USD Millions, except %, differences due to rounding.   2025   2024   Variances
%
Total revenues     6.7       9.2       (27.0 )
Cost of revenues     2.9       6.2       (53.5 )
Gross profit     3.8       2.9       29.1  
Loss from operations     (0.5 )     (2.1 )     (77.1 )
Net loss     (0.5 )     (2.1 )     (75.3 )

 

Revenue

 

The Company’s revenue has primarily come from two main product lines: SmartExam® solution and SmartHomework® solution. These solutions generate revenue through six core streams: platform development, other testing services, software customization and content development, licensing, personalized exercise books and MOTK Pro, and digitalization services.

 


 

Revenue decreased by approximately $2.5 million, or 27.0%, from approximately $9.2 million in fiscal year 2024 to approximately $6.7 million in fiscal year 2025. The decrease in revenue primarily reflects a decrease in SmartHomework® solution digitalization services and SmartHomework® solution platform development, which was partially offset by an increase in SmartHomework® solution software customization and content development sales, as explained in details below.

 

The following table presents our revenue breakdown for the years indicated in absolute amounts:

 

    For the years ended March 31
USD million, except %, differences due to rounding   2025   2024   Variances
%
SmartExam® solution     0.7       0.6       15.5  
SmartHomework® solution     6.0       8.6       (29.8 )
Total revenues     6.7       9.2       (27.0 )

 

SmartExam® Solution

 

Platform Development revenue decreased by $97,758, or 31.5%, to $212,377 in FY2025 from $310,135 in FY2024, due to a smaller project scale, despite completing one project each year. Future growth hinges on capturing market share in China’s computerized testing sector.

 

Other Services revenue jumped 70.4%, from $265,707 in FY2024 to $452,881 in FY2025. This growth is largely due to our U.S. IPO enabling international business replication, notably with Lorpzenst Innovations LLC in the United States.

 

SmartHomework® Solution

 

Platform Development revenue decreased significantly by approximately $2.6 million, or 81.8%, to $571,658 in FY2025 from approximately $3.1 million in FY2024. This decline was primarily due to the high capital risk of upfront hardware investments and extended repayment cycles for domestic government projects, leading us to reduce these constructions.

 

Software Customization and Content Development revenue soared by 3117%, from $74,138 in FY2024 to approximately $2.4 million in FY2025. This surge was driven by standardized, rapidly replicable software products meeting customer needs and enabling robust market expansion in China.

 

Licensing revenue increased by 5492%, from $2,748 to $153,666, despite a decrease from two subscribers in FY2024 to one in FY2025. This significant growth is attributable to our standardized question bank’s broad applicability, extending our reach to higher-paying vocational education.

 

Personalized Exercise Book and MOTK Pro revenue decreased by $55,040, or 62%, from $88,815 in FY2024 to $33,775 in FY2025. The drop was primarily due to changes in Chinese education policies prohibiting direct value-added service fees to students/parents, an impact we couldn’t fully offset despite seeking new collaborations such as with telecom operators.

 

Digitalization Services revenue decreased by approximately $2.4 million, or 45.5%, from approximately $5.3 million in FY2024 to approximately $2.9 million in FY2025. This was largely due to Chinese education policies limiting supplementary materials. However, this service is no longer a core focus of Ruanyuan as the Company transitions to AI-based digital technology services using proprietary AI Optical Character Recognition (AI-OCR). This technology efficiently processes and converts various documents and images, enabling intelligent recognition, automated data collection and processing, automated data entry and verification, and customized OCR solutions.

 


 

Cost of Revenue

 

Cost of revenue decreased by approximately $3.3 million, or 53.5%, from approximately $6.2 million in FY2024 to approximately $2.9 million in FY2025. The decrease was primarily attributable to the Company’s plan to discontinue businesses with significant hardware investment, reduce cost input, and increase gross profit.

 

Gross Profit and Margin

 

Gross profit increased by $855,732, or 29.1%, from approximately $2.9 million in FY2024 to approximately $3.8 million in FY2025. Gross margin increased by 24.6% from 32.1% in FY2024 to 56.7% in FY2025.

 

This increase was primarily due to personnel optimization and a strategic shift towards higher-margin software development and service businesses, boosting overall gross profit.

 

Operating Expenses

 

Operating expenses decreased by $779,212, or 15.4%, from approximately $5.1 million in FY2024 to $4.3 million in FY2025. The decrease was primarily due to reductions in selling expenses and research and development expenses, partially offset by an increase in general and administrative expenses.

 

Selling Expenses

 

Selling expenses decreased by $583,900, or 24.7%, from approximately $2.4 million in FY2024 to approximately $1.8 million in FY2025. This decrease was primarily due to a reduction of $787,847 digital publishing expense, partially offset by an increase in consulting services. The decline in digital publishing expense aligns with the decrease in digitization service revenue.

 

General and Administrative Expenses

 

General and administrative expenses increased by $125,377, or 8.7%, from approximately $1.4 million in FY2024 to approximately $1.6 million in FY2025, while core administrative expenses remained flat.

 

Research and Development Expenses

 

Research and development expenses decreased by $320,689, or 25.6%, from approximately $1.3 million in FY2024 to approximately $0.9 million in FY2025. This decrease primarily resulted from lower employee compensation and benefits for early-stage research, reduced rent expense and other R&D expense reductions.

 

Net loss

 

Net losses for FY2025 and FY2024 were approximately $0.5 million and approximately $2.1 million, respectively. This was primarily attributable to the decrease in revenue not being able to cover costs and operating expenses.

 

Cash balances

 

As of March 31, 2025 and March 31, 2024, cash balances were approximately $0.7 million and $1.1 million, respectively.

 

Recent Developments

 

On July 11, 2025, Ruanyun announced partnership with the Confucius Institute at Prince Sultan University to bring its AI-powered HanLink platform to Saudi Arabia’s first national online Confucius Institute.

 


 

On May 20, 2025, Ruanyun announced the successful launch and pilot of its innovative Chinese language learning platform, HanLink via a four-week trial at Riyadh’s Education & Skills International School in Saudi Arabia.

 

On April 09, 2025, Ruanyun completed its initial public offering on the Nasdaq Stock Exchange, raising total gross proceeds of approximately $15 million, before deducting underwriting discounts and other offering expenses.

 

About Ruanyun Edai Technology Inc.

 

Ruanyun Edai Technology Inc. is an innovative AI-driven education technology company dedicated to transforming the K-12 education landscape in China. By leveraging proprietary AI-powered solutions, the Company provides intelligent learning tools, assessment platforms, and adaptive learning systems that enhance academic performance and streamline educational processes. Committed to modernizing education, the Company empowers schools, teachers, and students with cutting-edge teaching, learning, and evaluation tools through the integration of AI and the internet, fostering a more efficient and effective learning model. For more information, please visit: http://www.ruanyun.net/, https://investors.ruanyun.net/.

 

Forward-Looking Statement

 

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

For more information, please contact:

 

Investor Relations

 

WFS Investor Relations Inc.

Janice Wang

Managing Partner

Email: services@wealthfsllc.com

Tel: +1 628 283 9214

+86-1381-176-8559

 


 

RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
 
    As of March 31,
    2025   2024
Assets                
Current assets                
Cash   $ 673,397     $ 1,101,235  
Restricted cash     125,561       126,194  
Accounts receivable, net     3,310,143       1,785,304  
Due from related parties     11,410       37,506  
Inventories     59,077       210,259  
Deferred contract costs     63,392       379,284  
Prepaid expenses and other current assets     35,923       269,339  
Total current assets     4,278,903       3,909,121  
Non-current assets                
Property and equipment, net     460,314       405,365  
Capitalized software development cost, net     202,166       357,264  
Deferred offering Cost     838,804       441,067  
Long term deposits     94,811       105,917  
Total non-current assets     1,596,095       1,309,613  
Total assets   $ 5,874,998     $ 5,218,734  
LIABILITIES                
Current liabilities                
Short-term bank loans   $ 4,408,340     $ 2,471,374  
Accounts payable     1,075,456       1,813,561  
Deferred revenue     135,737       434,717  
Due to related parties     43,289       63,403  
Accrued expenses and other liabilities     718,327       406,540  
Total Current Liabilities     6,381,149       5,189,595  
Total non-current liabilities            
Total liabilities     6,381,149       5,189,595  
COMMITMENTS AND CONTINGENCIES                
EQUITY                
Ordinary shares (US$0.0002 par value, 5,000,000,000 shares authorized, 30,000,004 shares issued and outstanding as of March 31, 2025 and 2024)     6,000       6,000  
Additional paid-in capital     15,210,301       15,210,301  
Accumulated deficit     (15,630,351 )     (15,233,789 )
Accumulated other comprehensive income     252,250       257,751  
Total Ruanyun Group stockholders’ equity     (161,800 )     240,263  
Non-controlling interest     (344,351 )     (211,124 )
Total Equity     (506,151 )     29,139  
Total liabilities and equity   $ 5,874,998     $ 5,218,734  

 


 

RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
         
    For the Years Ended March 31,   For the Years Ended March 31,
    2025   2024
         
Revenues from third parties   $ 6,685,387     $ 9,154,072  
Total revenues     6,685,387       9,154,072  
Cost of revenues     (2,892,516 )     (6,216,933 )
Gross profit     3,792,871       2,937,139  
Operating expenses                
Selling and marketing expenses     (1,784,837 )     (2,368,737 )
General and administrative expenses     (1,563,423 )     (1,438,046 )
Research and development expenses     (930,904 )     (1,251,593 )
Total operating expenses     (4,279,164 )     (5,058,376 )
Loss from operations     (486,293 )     (2,121,237 )
 Finance cost, net     (153,869 )     (203,779 )
Government subsidy     11,811       264,250  
 Other income (expense), net     108,644       (43,308 )
Loss before income taxes     (519,707 )     (2,104,074 )
Income tax expenses     (16 )      
                 
Net loss     (519,723 )     (2,104,074 )
                 
Net loss attributable to non-controlling interests     (123,161 )     (97,948 )
                 
Net loss attributable to common shareholders     (396,562 )     (2,006,126 )
COMPREHENSIVE LOSS                
Net loss     (519,723 )     (2,104,074 )
Unrealized foreign currency translation loss     (15,567 )     (20,450 )
Comprehensive loss     (535,290 )     (2,124,524 )
Less: comprehensive loss attributable to non-controlling interests     (133,227 )     (74,959 )
Comprehensive loss attributable to common shareholders   $ (402,063 )   $ (2,049,565 )
                 
Weighted average number of ordinary share outstanding                
Basic and Diluted*     30,000,004       30,000,004  
Loss per share                
Basic and Diluted   $ (0.01 )   $ (0.07 )

 

 

EX-99.3 4 e7058_ex99-3.htm EXHIBIT 99.3

 

 

EXHIBIT 99.3

 

Ruanyun Edai Technology Announces Commercial Release of Cogni AI – Providing Multimodal Visual Understanding and Recognition

 

Nanchang, China, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (“Ruanyun” or the “Company”) (NASDAQ: RYET), a leading AI-powered education technology company in China, today announced that its multimodal AI agent, Cogni AI, which offers visual understanding and semantic recognition capabilities, has entered commercial service first in China. Cogni AI autonomously interprets document images and proactively extracts, structures and evaluates key information. The agent combines collaborative visual layout analysis, semantic field recognition and an integrated quality-control framework to support large-scale digitization and cross-industry document automation.

 

Cogni AI can autonomously process arbitrary document images submitted by users and produce structured outputs that can be consumed directly by downstream operational workflows. The agent provides end-to-end functionality, from visual element detection and semantic understanding and mapping, to field-level confidence scoring, cross-field consistency checks and automated result-quality evaluation. This serves to enable robust, template-free information extraction across diverse layouts, scanned files and complex formats.

 

Mr. Cong Zhao, Founder and Chief Technology Officer of Ruanyun, explained that Cogni AI is fundamentally designed as a batch-processing autonomous agent intended to reduce the upfront configuration required by traditional template-driven optical character recognition (OCR) technologies and to improve generalization across document types. “By unifying information extraction and quality detection within a single intelligent agent, Cogni AI aims to reduce reliance on manual verification, shorten project timelines and provide a more reliable data foundation for search, analytics and compliance applications,” Mr. Zhao added.

 

The Company cautions that factors such as technology evolution, project implementation schedules, customer acceptance, competitive dynamics and macroeconomic conditions, among others, may affect actual outcomes and timelines.

 

About Ruanyun Edai Technology Inc.

 

Ruanyun Edai Technology Inc. is an innovative AI-driven education technology company dedicated to transforming the K-12 education landscape in China. By leveraging proprietary AI-powered solutions, the Company provides intelligent learning tools, assessment platforms, and adaptive learning systems that enhance academic performance and streamline educational processes. Committed to modernizing education, the Company empowers schools, teachers, and students with cutting-edge teaching, learning, and evaluation tools through the integration of AI and the internet, fostering a more efficient and effective learning model. For more information, please visit: http://www.ruanyun.net/, https://investors.ruanyun.net/.

 

Forward-Looking Statements

 

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 


 

For more information, please contact:

 

Investor Relations

WFS Investor Relations Inc.

Janice Wang

Managing Partner

Email: services@wealthfsllc.com

Tel: +1 628 283 9214

+86-1381-176-8559