Pintec Technology Holdings Limited (PT) 6-K Current report (foreign)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE13a-16 OR15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of June 2020

Commission File Number:001-38712

Pintec Technology Holdings Limited

9/F Heng An Building

No. 17, East 3^rd Ring Road

Chaoyang District, Beijing

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form20-F or Form40-F.

Form20-F  ☒    Form40-F  ☐

Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-T Rule 101(b)(7):  ☐

Partial corrections to the Form6-Ks furnished on September 24, 2019 and December 13, 2019

In connection with the preparation of the Company’s consolidated financial statements as of and for the year ended December 31, 2019, the Company determined that, due to inadvertent errors, certain adjustments needed to be made to the unreviewed and unaudited condensed consolidated financial statements for the six months ended June 30, 2019 and the nine months ended September 30, 2019 furnished on Form6-K to the United States Securities and Exchange Commission (the “SEC”) on September 24, 2019 and December 13, 2019.

The Company corrected the use of net basis rather than gross basis to record revenue earned from certain technical service fees for the six months ended June 30, 2018 and 2019 and the nine months ended September 30, 2018 and 2019.

The Company corrected the recognition of financial guarantee liabilities, financial guarantee assets, revenue recognized related to releasing of guarantee liabilities and cost on guarantee for the six months ended June 30, 2019 and the nine months ended September 30, 2019.

The Company furnishes this Form6-K in order to correct the errors.

Although the impact of the corrections on its six months ended June 30, 2019 and nine months ended September 30, 2019 unreviewed and unaudited condensed consolidated financial statements were affected, the Company’s full year unreviewed and unaudited condensed consolidated financial statements of 2018 and 2019, which were included in the Form6-K furnished to the SEC on June 16, 2020, were not affected.

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The tables below illustrate the effects of adjustments made to the unreviewed and unaudited condensed consolidated statements of operations and comprehensive income (loss) data for the six months ended June 30, 2018 and 2019 and nine months ended September 30, 2018 and 2019:

	As previously reported												Revised
	For the Six Months Ended						For the Nine Months Ended						For the Six Months Ended						For the Nine Months Ended
(In RMB thousands, except for share and per share data)	June 30, 2018			June 30, 2019			September 30, 2018			September 30, 2019			June 30, 2018			June 30, 2019			September 30, 2018			September 30, 2019
Revenues:
Technical service fees		399,703			383,759			586,037			643,251			645,052			623,965			977,462			854,910
Total revenues		577,664			479,454			837,392			776,278			823,013			719,660			1,228,817			987,937
Cost of revenues:
Cost on guarantee		—			—			—			—			—			(48,733	)		—			(105,704	)
Service cost charged by Jimu Group-related party		—			—			—			—			(245,349	)		(169,180	)		(391,425	)		(209,118	)
Cost of revenues		(341,520	)		(204,877	)		(462,453	)		(302,598	)		(586,869	)		(422,790	)		(853,878	)		(617,420	)
Gross profit		236,144			274,577			374,939			473,680			236,144			296,870			374,939			370,517
Operating expenses:
General and administrative expenses		(96,589	)		(131,232	)		(159,591	)		(221,588	)		(96,589	)		(135,975	)		(159,591	)		(200,298	)
Total operating expenses		(186,916	)		(218,566	)		(288,726	)		(342,538	)		(186,916	)		(223,309	)		(288,726	)		(321,248	)
Operating profit		49,228			56,011			86,213			131,142			49,228			73,561			86,213			49,269
Gain/(loss) on guarantee liabilities		—			9,678			(2,839	)		(44,382	)		—			—			(2,839	)		—
Income before income tax expense		44,053			93,950			75,662			111,142			44,053			101,822			75,662			73,651
Net income		12,386			73,335			15,760			115,226			12,386			81,207			15,760			77,735
Net (loss)/income attributable to ordinary shareholders		(20,791	)		73,335			(51,617	)		115,226			(20,791	)		81,207			(51,617	)		77,735
Total comprehensive income		30,734			73,998			50,902			136,484			30,734			81,870			50,902			98,993
Comprehensive (loss)/income attributable to ordinary shareholders		(2,443	)		73,998			(16,475	)		136,484			(2,443	)		81,870			(16,475	)		98,993
Net (loss)/income per ordinary share
Basic		(0.31	)		0.27			(0.76	)		0.42			(0.31	)		0.30			(0.76	)		0.28
Diluted		(0.31	)		0.26			(0.76	)		0.38			(0.31	)		0.28			(0.76	)		0.26

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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.

Pintec Technology Holdings Limited
By	:	/s/ Steven Yuan Ning Sim
Name	:	Steven Yuan Ning Sim
Title	:	Chief Financial Officer

Date: June 29, 2020

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