Qutoutiao Inc. is a holding company with no material operations of its own. We conduct our operations primarily (i) through contractual arrangements with the Group VIEs in China and (ii) by our subsidiaries in China. As a result, Qutoutiao Inc.’s ability to pay dividends depends upon dividends paid by our PRC subsidiaries and remittances from the Group VIEs. If our PRC subsidiaries or the Group VIEs incur debt on their own in the future, the instruments governing their debt may restrict their ability to pay dividends or make other distributions or remittances to us. In addition, current PRC regulations permit our PRC subsidiaries to pay dividends to their respective shareholders only out of their retained earnings, if any, determined in accordance with PRC accounting standards and regulations. Furthermore, each of our PRC subsidiaries and the Group VIEs is required to set aside at least 10% of its net income each year to fund certain statutory reserves until the cumulative amount of such reserves reaches 50% of its registered capital. These reserves, together with the registered capital, are not distributable as cash dividends. For more details, see “—D. Risks Factors—Risks Relating to Doing Business in China—We rely to a significant extent on dividends and other distributions on equity paid by our principal operating subsidiaries and the Group VIEs to fund offshore cash and financing requirements. Any limitation on the ability of our PRC operating subsidiaries or the Group VIEs to make payments to us could materially and adversely affect our ability to conduct the Group’s business.”
Company profile
Ticker
QTTOY
Exchange
Website
CEO
Eric Siliang Tan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Qtech Ltd.
SEC CIK
QTTOY stock data
Latest filings (excl ownership)
UPLOAD
Letter from SEC
12 Dec 23
CORRESP
Correspondence with SEC
19 Oct 23
UPLOAD
Letter from SEC
13 Oct 23
CORRESP
Correspondence with SEC
25 Aug 23
UPLOAD
Letter from SEC
14 Aug 23
20-F
2022 FY
Annual report (foreign)
12 May 23
NT 20-F
Notice of late annual filing (foreign)
28 Apr 23
25-NSE
Exchange delisting
12 Apr 23
6-K
Qutoutiao Inc. Announces Nasdaq Delisting Determination
20 Mar 23
6-K
Qutoutiao Inc. Announces Change of Auditor
19 Jan 23
Financial summary
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Institutional ownership, Q1 2023
17.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 8 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
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Total value | 9.29 mm |
Total shares | 3.34 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
TCEHY Tencent | 3.34 mm | $9.29 mm |
BCS Barclays | 896.00 | $0.00 |