Private company
TIAN RUIXIANG HOLDINGS LTD
TIAN RUIXIANG HOLDINGS LTD is an insurance agents company in the Cayman Islands.1
Last updated Oct 21, 2026.
Overview
- IndustryInsurance Agents, Brokers & Service1
- HeadquartersE91
- Incorporated inCayman Islands3
- Business address2107, Shoudong International Building, Dongcheng District, Beijing, 1000003
- Filer categoryNon-accelerated filer, Emerging growth company3
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On January 18, 2010, TRX ZJ (formerly named “Anbisheng”), the VIE, was formed as a limited company pursuant to PRC law. We operate our insurance brokerage services through TRX ZJ and its subsidiaries in China using a VIE structure.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs99¢$3.2M
- Income tax1¢$42.1K
Out of $3.2M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024
- Kept or used elsewhere100¢$897.9K
Out of $897.9K of cash from operations.2
Financial statements
No quarterly figures reported.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1M5 | $2.0M6 | $3.2M7 | $2.8M8 | $1.4M2 | $1.2M2 | $3.2M2 | |
| Operating expenses | $5.0M8 | $6.4M2 | $4.3M2 | $7.9M2 | ||||
| Operating income | $1.5M5 | $102.7K6 | $560.1K7 | -$2.3M8 | -$5.1M2 | -$3.0M2 | -$4.6M2 | |
| Interest | $22.4K5 | $18.2K6 | $06 | $7256 | ||||
| Income before tax | -$1.9M8 | -$4.7M2 | -$2.3M2 | -$3.9M2 | ||||
| Income tax | $365.2K5 | $238.2K6 | $126.1K7 | $24.5K8 | $23.6K2 | $161.3K2 | $42.1K2 | |
| Net income | $1.1M5 | $175.8K6 | $634.1K7 | -$1.9M8 | -$4.7M2 | -$2.5M2 | -$4.0M2 | |
| Earnings per share | $0.046 | $0.637 | -$5.658 | -$9.032 | -$3.872 | -$2.422 | ||
| Earnings per share (diluted) | $0.046 | $0.637 | -$5.658 | -$9.032 | -$3.872 | -$2.422 | ||
| Shares (weighted, basic) | 344.4K shares8 | 518.7K shares2 | 633.3K shares2 | 1.6M shares2 | ||||
| Shares (weighted, diluted) | 344.4K shares8 | 518.7K shares2 | 633.3K shares2 | 1.6M shares2 |
No quarterly figures reported.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash | $96.1K5 | $6.7M6 | $6.2M7 | $6.1M8 | $30.0M2 | $2.5K2 | $2.4K2 | $297.3K2 |
| Receivables | $320.8K7 | $51.2K8 | $19.0K2 | $1.4M2 | ||||
| Current assets | $8.1M5 | $9.6M6 | $31.6M7 | $34.9M8 | $27.6M2 | $39.9M2 | ||
| Property, plant and equipment | $11.3K7 | $8.7K8 | $6.3K2 | $4.9K2 | ||||
| Intangible assets | $147.5K7 | $07 | $08 | $02 | ||||
| Total assets | $8.4M5 | $10.1M6 | $40.4M7 | $35.0M8 | $35.5M2 | $40.0M2 | ||
| Current liabilities | $790.6K5 | $1.3M6 | $1.1M7 | $1.5M8 | $3.1M2 | $5.9M2 | ||
| Long-term liabilities | $237.8K7 | $54.7K8 | $02 | $170.4K2 | ||||
| Total liabilities | $830.7K5 | $1.4M6 | $1.4M7 | $1.5M8 | $3.1M2 | $6.1M2 | ||
| Retained earnings | -$1.1M7 | -$5.8M8 | -$8.3M2 | -$12.3M2 | ||||
| Shareholders’ equity | $718.4K5 | $7.5M6 | $7.6M5 | $8.6M6 | $39.0M7 | $33.5M8 | $32.4M2 | $33.9M2 |
| Shares outstanding | 5.0M shares5 | 5.0M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.4M5 | $229.1K6 | -$48.2K7 | -$1.4M8 | -$198.8K2 | $994.3K2 | $897.9K2 | |
| Depreciation and amortization | $27.4K8 | $22.9K2 | $1.6K2 | $121.3K2 | ||||
| Capital spending | $9.6K5 | $12.0K6 | $3.5K7 | $3.4K8 | $2.3K2 | $02 | $02 | |
| Free cash flow | $1.4M | $217.0K | -$51.6K | -$1.4M | -$201.1K | $994.3K | $897.9K | |
| Cash from investing | -$7.5M8 | -$28.9M2 | -$992.7K2 | -$1.8M2 | ||||
| Cash from financing | $32.6M8 | $02 | -$2832 | $1.2M2 |
Corporate structure
TIAN RUIXIANG HOLDINGS LTD sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of TIAN RUIXIANG HOLDINGS LTD
- INTRACOASTAL CAPITAL, LLC Filed SCHEDULE 13G/A on TIAN RUIXIANG HOLDINGS LTD, latest May 13, 2026 (6 filings since Feb 11, 2022)
- Eastern Bell International XXVII Ltd Filed SCHEDULE 13G on TIAN RUIXIANG HOLDINGS LTD, latest Aug 25, 2025
- Ucare Holdings Ltd Filed SCHEDULE 13G on TIAN RUIXIANG HOLDINGS LTD, latest Jul 24, 2025
- Medata Holdings Ltd Filed SCHEDULE 13D on TIAN RUIXIANG HOLDINGS LTD, latest Jul 23, 2025
- HarmonyCare Ltd Filed SCHEDULE 13G on TIAN RUIXIANG HOLDINGS LTD, latest Jul 18, 2025
- Sinovation Fund IV, L.P. Filed SCHEDULE 13D on TIAN RUIXIANG HOLDINGS LTD, latest Jul 14, 2025
- Mufang Gao Filed SCHEDULE 13D/A on TIAN RUIXIANG HOLDINGS LTD, latest Jul 8, 2025 (2 filings since Jun 4, 2025)
- Zhe Wang Filed SC 13D/A on TIAN RUIXIANG HOLDINGS LTD, latest Jun 10, 2024 (2 filings since Aug 18, 2023)
- Zhou Min Filed SC 13D on TIAN RUIXIANG HOLDINGS LTD, latest Jun 10, 2024
- Yuefu Co Ltd Filed SC 13D on TIAN RUIXIANG HOLDINGS LTD, latest May 21, 2024
- Sheng Xu Filed SC 13G on TIAN RUIXIANG HOLDINGS LTD, latest Feb 14, 2024
- CVI Investments, Inc. Filed SC 13G/A on TIAN RUIXIANG HOLDINGS LTD, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- TIAN RUIXIANG HOLDINGS LTD E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What TIAN RUIXIANG HOLDINGS LTD reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $52.5K2 Oct 31, 2024 | $51.0K2 Oct 31, 2023 | +2.8% |
| Accumulated depreciation | $47.5K2 Oct 31, 2024 | $44.7K2 Oct 31, 2023 | +6.2% |
| Property and equipment, net | $4.9K2 Oct 31, 2024 | $6.3K2 Oct 31, 2023 | −21.2% |
| Operating-lease assets (leased space) | $52.9K2 Oct 31, 2024 | $54.9K2 Oct 31, 2023 | −3.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $297.3K2 Oct 31, 2024 | $2.4K2 Oct 31, 2023 | +12375.4% |
| Marketable securities, current | $28.1M2 Oct 31, 2024 | $26.8M2 Oct 31, 2023 | +4.8% |
Intangibles and goodwill
Filings
99 filings to the SEC since October 2021: 5 annual reports, 20 large holders, 74 other. The latest 20:
- May 13, 2026SCHEDULE 13G/A EDGAR
- Apr 29, 20266-K EDGAR
- Mar 4, 20266-K EDGAR
- Mar 4, 2026NT 20-F EDGAR
- Feb 27, 20266-K EDGAR
- Feb 18, 20266-K EDGAR
- Feb 12, 20266-K EDGAR
- Feb 5, 20266-K EDGAR
- Feb 4, 2026SCHEDULE 13G EDGAR
- Feb 4, 2026424B5 EDGAR
- Feb 3, 20266-K EDGAR
- Feb 2, 20266-K EDGAR
- Jan 30, 2026424B5 EDGAR
- Jan 29, 20266-K EDGAR
- Jan 28, 20266-K EDGAR
- Jan 26, 20266-K EDGAR
- Dec 23, 2025S-8 EDGAR
- Nov 10, 20256-K/A EDGAR
- Nov 5, 20256-K EDGAR
- Nov 5, 20256-K EDGAR
The 99 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- INTRACOASTAL CAPITAL, LLCSCHEDULE 13G/A, 6 filings Feb 11, 2022 to May 13, 20269
- Eastern Bell International XXVII LtdSCHEDULE 13G, 1 filing Aug 25, 202510
- Ucare Holdings LtdSCHEDULE 13G, 1 filing Jul 24, 202511
- Medata Holdings LtdSCHEDULE 13D, 1 filing Jul 23, 202512
- HarmonyCare LtdSCHEDULE 13G, 1 filing Jul 18, 202513
- Sinovation Fund IV, L.P.SCHEDULE 13D, 1 filing Jul 14, 202514
- Mufang GaoSCHEDULE 13D/A, 2 filings Jun 4, 2025 to Jul 8, 202515
- Zhe WangSC 13D/A, 2 filings Aug 18, 2023 to Jun 10, 202416
- Zhou MinSC 13D, 1 filing Jun 10, 202417
- Yuefu Co LtdSC 13D, 1 filing May 21, 202418
- Sheng XuSC 13G, 1 filing Feb 14, 202419
- CVI Investments, Inc.SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202320
SEC filer profile
How TIAN RUIXIANG HOLDINGS LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTIAN RUIXIANG HOLDINGS LTD1
- CIK0001782941
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsOctober 311
- Industry code (SIC)6411 Insurance Agents, Brokers & Service1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address2107, Shoudong International Building, Dongcheng District, Beijing, 100000, China1
- Phone010875294091
- Shares outstanding2,334,353 Common Class A shares; 50,000 Common Class B shares as of Oct 31, 20244
- AuditorRBSM LLP, New York PCAOB ID 5874
- On EDGAR sinceJul 25, 20191
- Filings155 in all: 6-K (52), CORRESP (16), UPLOAD (12), F-1/A (10), SC 13G/A (6), 20-F (5), EFFECT (4), NT 20-F (4)1
All 34 form types
SC 13G (4), SCHEDULE 13G (4), 424B5 (3), F-1 (3), S-8 (3), SC 13D (3), SCHEDULE 13D (3), 20-F/A (2), 424B4 (2), 6-K/A (2), DRS (2), 25-NSE (1), 8-A12B (1), AW (1), CERT (1), DRS/A (1), DRSLTR (1), F-1MEF (1), F-3 (1), F-3/A (1), FWP (1), POS AM (1), S-8 POS (1), SC 13D/A (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (20-F) Jan 31, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Ordinary Shares | TIRX | The Nasdaq Stock Market LLC |
From the cover page of the 20-F filed Jan 31, 2025 (Section 12(b) of the Exchange Act).4
Sources
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