# EDGAR Filing Document

**Accession Number:** 0001650575
**File Stem:** 0001213900-25-124919
**Filing Date:** 2025-12
**Character Count:** 7001
**Document Hash:** 2f4c22949a871b078ab467ea3280885e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-124919.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001213900-25-124919

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Borqs Technologies, Inc.
- **CENTRAL INDEX KEY:** 0001650575
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37593
- **FILM NUMBER:** 251595305

**BUSINESS ADDRESS:**
- **STREET 1:** OFFICE B, 21/F, LEGEND TOWER
- **STREET 2:** 7 SHING YIP STREET, KWUN TONG
- **CITY:** KOWLOON
- **STATE:** K3
- **ZIP:** 999077
- **BUSINESS PHONE:** 86 10-5975-6336

**MAIL ADDRESS:**
- **STREET 1:** OFFICE B, 21/F, LEGEND TOWER
- **STREET 2:** 7 SHING YIP STREET, KWUN TONG
- **CITY:** KOWLOON
- **STATE:** K3
- **ZIP:** 999077

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pacific Special Acquisition Corp.
- **DATE OF NAME CHANGE:** 20150810

?xml version='1.0' encoding='ASCII'?

**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 OF THE SECURITIES EXCHANGE ACT OF 1934**

For the month of December 2025

Commission File Number 001-37593

**BORQS TECHNOLOGIES, INC.**

(Translation of registrant's name into English)

**Office B, 21/F, Legend Tower, 7 Shing Yip Street**

**Kwun Tong, Kowloon, Hong Kong**

(Address of principal executive offices)

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 ☒&nbsp;&nbsp;&nbsp;&nbsp; Form 40-F ☐

**INFORMATION CONTAINED IN THIS FORM 6-K REPORT**

Borqs Technologies, Inc. (the "Company") hereby submits its interim balance sheet and income statement for its six months ended on June 30, 2025. This submission is made within six months following the end of said period. The consolidated financial statements herein are unaudited, prepared by the management of the Company and furnished to this Current Report on Form 6-K and incorporated herein by reference.

**BORQS TECHNOLOGIES, INC.**

**UNAUDITED CONSOLIDATED BALANCE SHEETS**

**(Amounts in thousands of US dollar ("US$"), unless otherwise stated)**

---

| | | |
|:---|:---|:---|
|  | **December 31, <br> 2024** | **June 30,<br> 2025** |
|  | **US$** | **US$** |
| **ASSESTS** | | |
| **Current assets:** | | |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | 2032 | 9592 |
| &nbsp;&nbsp;&nbsp;Restricted cash | 26 | - |
| &nbsp;&nbsp;&nbsp;Time deposit | 3377 | 4500 |
| &nbsp;&nbsp;&nbsp;Accounts receivable net | 116 | 837 |
| &nbsp;&nbsp;&nbsp;Inventory, net | - | 380 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets, net | 6747 | 8543 |
| &nbsp;&nbsp;&nbsp;Current assets held for sale | 11057 | - |
| **Total current assets** | 23355 | 23852 |
| **Non-current assets:** |  |  |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 7 | 9 |
| &nbsp;&nbsp;&nbsp;Right of Use Asset | 216 | 40 |
| &nbsp;&nbsp;&nbsp;Non-current assets held for sale | 1831 | - |
| **Total non-current assets** | 2054 | 49 |
| **Total assets** | 25409 | 23901 |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |
| **Current liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;Short-term borrowings | 417 | - |
| &nbsp;&nbsp;&nbsp;Accounts payable | 5388 | 4006 |
| &nbsp;&nbsp;&nbsp;Accrued expenses and other payables | 15296 | 14920 |
| &nbsp;&nbsp;&nbsp;Contract liabilities | 1299 | 316 |
| &nbsp;&nbsp;&nbsp;Lease Liabilities- current | 179 | 27 |
| &nbsp;&nbsp;&nbsp;Current liabilities held for sale | 4337 | - |
| **Total current liabilities** | 26916 | 19269 |
| **Non-current liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;Non-current liabilities held for sale | 2091 | - |
| **Total non-current liabilities** | 2091 | - |
| **Total liabilities** | 29007 | 19269 |
| **Shareholders' equity** |  |  |
| &nbsp;&nbsp;&nbsp;Ordinary shares | - | - |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 330016 | 330016 |
| &nbsp;&nbsp;&nbsp;Subscription receivables | (16091) | (16091) |
| &nbsp;&nbsp;&nbsp;Statutory reserve | 1901 | 1901 |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (314842) | (308985) |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (4389) | (2379) |
| **Total Borqs Technologies, Inc. shareholders' equity (deficit)** | (3405) | 4462 |
| Noncontrolling interest | (193) | 170 |
| **Total shareholders' equity (deficit)** | (3598) | 4632 |
| **Total liabilities, noncontrolling interest and shareholders' equity** | 25409 | 23901 |

---

**BORQS TECHNOLOGIES, INC.**

**UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS**

**(Amounts in thousands of US dollar ("US$"), unless otherwise stated)**

---

| | | |
|:---|:---|:---|
|  | **For the six months ended<br> June 30,** | **For the six months ended<br> June 30,** |
|  | **2024** | **2025** |
|  | **US$** | **US$** |
| **Net revenues:** |  |  |
| &nbsp;&nbsp;&nbsp;Software | 6173 | 2253 |
| &nbsp;&nbsp;&nbsp;Hardware | 10600 | 14560 |
| **Total net revenues** | 16773 | 16813 |
| **Cost of revenues** |  |  |
| &nbsp;&nbsp;&nbsp;Software | (4222) | (2134) |
| &nbsp;&nbsp;&nbsp;Hardware | (9163) | (13921) |
| **Total cost of revenues** | (13385) | (16055) |
| **Total gross (loss) profit** | 3388 | 758 |
| **Operating expenses:** |  |  |
| &nbsp;&nbsp;&nbsp;Sales and marketing expenses | (202) | (147) |
| &nbsp;&nbsp;&nbsp;General and administrative expenses | (5687) | (11939) |
| &nbsp;&nbsp;&nbsp;Research and development expenses | (1193) | (981) |
| **Total operating expenses** | (7082) | (13067) |
| **Operating income (loss)** | (3694) | (12309) |
| &nbsp;&nbsp;&nbsp;Interest income | 260 | 87 |
| &nbsp;&nbsp;&nbsp;Interest expense | (1755) | (49) |
| &nbsp;&nbsp;&nbsp;Other income | 82 | 11 |
| &nbsp;&nbsp;&nbsp;Other expense | - | (9) |
| &nbsp;&nbsp;&nbsp;Gain on disposal of subsidiary | 14372 | 17620 |
| &nbsp;&nbsp;&nbsp;Gain on cancellation of shares to former subsidiary | 5950 | - |
| &nbsp;&nbsp;&nbsp;Foreign exchange income (loss) | (193) | (77) |
| **Income (loss) from continuing operations, before income taxes** | 15023 | 5274 |
| Income tax expense | - | 946 |
| **Net income (loss) from continuing operations** | 15023 | 6220 |

---

**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.

---

| | | |
|:---|:---|:---|
|  | **BORQS TECHNOLOGIES INC.** | **BORQS TECHNOLOGIES INC.** |
|  | (registrant) | (registrant) |
| Dated: December 23, 2025 | By: | */s/ Pat Sek Yuen Chan* |
|  |  | Pat Sek Yuen Chan |
|  |  | Chief Financial Officer |

---