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 December 2021
Commission File No. 001-38505
CLPS Incorporation
c/o Unit 1102, 11th Floor, Millennium City III, 370 Kwun Tong Road
Kwun Tong, Kowloon
Hong Kong SAR
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES.)
Indicate by check mark whether the registrant files or will file annual reports under cover 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): ____
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): ____
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-___
Item 8.01 Other Events
CLPS Inc. is furnishing the slide presentation the Company used at the China Roadshow Virtual Technology Investor Conference on December 15, 2021.
Exhibits
| 99.1 | Slide presentation |
1
SIGNATURE
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.
| CLPS Incorporation | ||
| By: | /s/ Raymond Lin | |
| Name: | Raymond Ming Hui Lin | |
| Title: | Chief Executive Officer | |
| Dated: December 15, 2021 | ||
2
Exhibit 99.1
CLPS INCORPORATION ® NASDAQ: CLPS
DISCLAIMER All statements contained herein other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward - looking statements . The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” and similar expressions are intended to identify forward looking statements . We have based these forward - looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short - term and long - term business operations and objectives, and financial needs . These forward - looking statements are subject to a number of risks, uncertainties and assumptions . We operate in a very competitive and rapidly changing environment . New risks emerge from time to time . It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward - looking statements we may make . In light of these risks, uncertainties and assumptions, the future events and trends discussed in this presentation may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward looking statements . © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 2 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited.
19 D el i v ery & Development Centers 3,300 + Employees CLPS Incorporation 126.1 Mil li on U S D FY2021 Global information technology, consulting and solutions service provider 1 6 Y e a rs • Founded in 2005 , we are an early entrant into China’s IT services sector. • Our goal is to enable clients to become modern digital business . • Mainly focus on areas of global banking , wealth management and e - Commerce ; expansion and advancement in automotive area • 3,000+ multi - skilled, multi - lingual, transformative global talents • Sustainable revenue growth since listed in 2018 © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 3 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited.
2005 © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 4 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. Technology and financial focus training in Mainframe T ale nts Global IT projects for Standard Chartered Bank and Fidelity I n t e rn a ti o na l Fin an ci a l Institutions Credit card and core banking systems R&D Listed on the Nasdaq stock market Public Listed Company Citibank's global credit card projects Credit Card Global internet projects for eBay I n t e rne t CLPS Academy for talent training Corporate University 2009 2012 2014 2015 2016 2018 Global expansion in India, Japan and the US Ne x t 2021 History and Milestone
Positioned for success in a strong global industry: Long - standing relationships with blue - chip client base Target clients: Industry top 100 foreign multinational corporation B a n ki n g Since Citibank 2005 Standard Chartered Bank 2012 Bank of Communications 2012 ANZ 2014 Business Scope Core banking, credit card, wealth management and digital banking, end - to - end Since AIA 2016 First Data 2011 Orient Securities 2013 Haitong Securities 2017 Business Scope Securities trading system, margin, fund trading, liquidity, risk management Wealth Management E - Commerce Since eBay 2014 PayPal 2014 Greendot 2018 Stubhub 2020 Business Scope Risk control, data analysis, search, big data, cross - border transaction Automotive &Technology Since SAIC Motors 2018 Sony 2012 Cisco 2018 Kodak 2011 Business Scope GPS, AI for power charger, car control system, main board system, self - driving system Guarantee of continuous growth Dual - Engine Growth Strategy © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 5 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited.
Global expansion strategy AU M A L A Y S I A North China Beijing | Dalian | Tianjin | Baoding | Xi’an East China Shanghai | Hangzhou South China Guangzhou (CoE) | Shenzhen | Hainan | Chengdu San Francisco Tokyo Global Services (GS) • Skills and capabilities align with CLPS strategy to capture global markets • Standard, scalable intellectual property to drives client's value proposition • Sustainable client's business and operations growth on multiple dimensions: operational excellence, enterprise productivity, optimized delivery Odisha Global Delivery (GD) Center M elb ou r n e 9 Countries + SAR 8 global centers 11 loc a tio n s a c ro ss Mainland China Kuala Lumpur • Supports overseas requirements Singapore PH M etro M anila © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 6 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited.
Recruitment & Sourcing (Partly Under Talent Creation Program ) Global proprietary database with > 1.5 million CVs Multiple search channels including ERP Portal On b o a rd & Integrat i on Provides onboarding support to ensure smooth integration Career Path & Skills Development ( Under Talent Development Program ) Continuing education and personal development guidance Mentorship P erforman c e Ma n a g eme n t Performance review and job appreciation feedback Employee Relations & Engagement Special contribution award and bonus with various benefits Professional and industry recognized services 15% v o l untary turno v er rate Below the market average • Project Operation Resources management support • Human Resources • Administration • Fina n ce IT Services © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 7 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. Hires the best candidates and prioritizes those who have extensive experience. • T raining
Turnkey and client - centric solutions Credit Card Digital Business Management Project M a n a g e me n t Products & Solutions Leveraging CLPS Innovation Lab’s capability, the Company’s R&D arm, it serves as an integral part of our continued growth. We are fully committed on researching and developing cutting - edge technology to provide clients with more comprehensive and efficient IT services. Card Solution System Supporting 85% of foreign banks in China Vision Plus Support Team L ar g est ser vi ce su p p o rt te a m i n C h i na for Vision PLUS Big Data Analysis Tool Leading company to develop a multi - scenario data analysis tool in China (with copyright) Center of Excellence (CoE) Leading company to setup a CoE site in South China covering Mainframe, AS400. Agile Coaching, RPA, BPM, AI, VR, etc. Testing Projects • 10+ years of testing project experience • Completed more than 100 + testing projects for Core Banking and Credit Card in 2020 and 2021 Global Banking Projects © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 8 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. • 1 6 y e a rs of IT ser vi ce e x p e r i e n ce in banking • Handled global banking projects for over 23 countries in 2020 and 2021
Financial Highlights Fiscal year: for the 12 months ended June 30. Second half of fiscal year: for the 6 months ended June 30. Sustained Revenue Growth ($ mn) $31 .4 $48 .9 $64 .9 $89 .4 $126.1 $46 .8 $67 .7 FY2 0 17 FY2 0 18 FY2 0 19 FY 2 0 21 H2FY2020 H2FY2021 FY2020 Revenue FY2017 - FY2021 CAGR YOY 44.6% Revenue Breakdown ($ mn) $29 .1 $47 .2 $61 .8 $87 .1 $122.3 $45 .5 $65 .2 $1 .8 $1 .6 $1 .8 $3 .1 $1 .1 $2 .1 $0 .4 $0 .1 $0 .1 $0 .4 $0 .7 $0 .2 $0 .5 FY2 0 17 FY2 0 18 FY2019 FY2020 FY2021 H2FY2020 H2FY2021 IT Consulting Customized IT Solutions Other Services FY2017 - FY2021 CAGR YOY 40.3% YOY 69.7% $3.0 FY2020 - FY2021 32.1% FY2020 - FY2021 YOY 41.0% YOY 43.2% YOY 81.0% 33 .2% 1 1 .1% © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 9 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited.
Strong growth across all operational areas 47.6% 20.0% 15.2% 6 .7 % 10.5% Ba n k i n g Wealth management E - Commerce Automotive Others(including Technology) 36.3% 34.8% 40.1% 31.2% 101.2% 72.5% 204.5% 132.0% Ba n k i n g Wealth Management E - Commerce Automotive H2FY2021 FY 2 0 21 1. For the 12 months ended June 30, 2021. 2. H2FY2021: for the 6 months ended June 30, 2021; FY2021: for the 12 months ended June 30, 2021. Revenue Growth by Operational Areas 2 Revenues by Operational Areas 1 F Y 2020 © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 10 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. F Y 2021 YOY 28% $10.6million $13.6million Revenue generated outside of Mainland China
Financial Highlights YOY 161.2% Continuous Optimization in Operating Effeciency ($ mn) Competitive Increase in Net Income ($ mn) $3 .2 $8 .4 $0 .7 $3 .4 FY2 0 20 FY2 0 21 Operating Income Fiscal year: for the 12 months ended June 30. Second half of fiscal year: for the 6 months ended June 30. YOY 417.9% 6 .6 % 3 .6 % H2FY2020 H2FY2021 Operating Margin% $3 .1 $7.0 - 5.3% 3.4% 5.6% ($3.4) FY2 0 19 FY2 0 20 FY2 0 21 Net Income $0 .8 $2 .1 1 .7 % 3 .1 % H2FY2020 H2FY2021 Net Income Margin% FY2020 - FY2021 © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 11 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. YOY 127.9% YOY 166.0% 1 . 4 % 5 . 1 %
* Non - GAAP net income attributable to CLPS Inc is net income attributable to CLPS Incorporation's shareholders excluding share - based compensation expenses . Diluted non - GAAP net income per share is non - GAAP net income attributable to common shareholders divided by weighted average number of shares used in the calculation of diluted net income per share . The Company believes that separate analysis and exclusion of the non - cash impact of share - based compensation expenses clarity to the constituent parts of its performance . © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 12 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. Financial Highlights ($ mn) For the fiscal year ended June 30, 2019 2020 2021 2021 VS 2020 (Audited) (Audited) (Audited) YOY% Revenue 64.9 89.4 126.1 41.0% IT Consulting Services 61.8 87.1 122.3 40.3% Customized IT Solution Services 3.0 1.8 3.1 69.7% Others 0.1 0.4 0.7 51.5% Gross Profit 23.8 31.1 40.2 29.1% Gross Margin 36.6% 34.8% 31.9% Net Income Attributable to CLPS Inc (3.3) 2.9 6.8 132.0% Non - GAAP Net Income Attributable to CLPS Inc* 3.7 6.9 11.9 72.1% EPS (diluted) (0.24) 0.20 0.39 Non - GAAP EPS (diluted)* 0.27 0.47 0.68
JAJI IPO Plan The Company’s Board of Directors has approved the plan of its majority - owned subsidiary, JAJI (Shanghai) Co., Ltd.( “ JAJI ” ), to apply for National Equities Exchange and Quotations (NEEQ) and directing towards public offering at the Beijing Stock Exchange (BSE) upon acceptance. NEEQ Listing 㯣㉶㳄 㫫 䃆 » By fourth quarter of 2022 » The number of shares to be offered and the price range for the proposed offering is yet to be determined. IPO in the BSE Hua Ying Securities Co., Ltd. will be acting as the financial advisor, lead broker, consultant, sponsor and lead underwriter. © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 13 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. JAJI’s revenue accounted for approximately 5.4% of the total revenue of CLPS in the fiscal year 2021.
Investment Highlights Strong fundamentals: in FY2021, revenue increased 41% year - over - year, net income increased 127.9% year - over year. Continuous increase in earnings per share Long - standing relationships with blue - chip client base Continued implementation of global expansion strategy Research and implementation of innovative technology Investing in training and development of our world - class human capital base through our TCP and TDP Majority - owned subsidiary (JAJI) IPO plan © 2020 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited. 14 / 15 © 2021 C L PS Inc. All rights reserved. Any unauthorized copying or distribution of this material is prohibited.
