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Unaudited Condensed Consolidated Statements of Cash flows - USD ($)
6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:      
Net income(loss) $ (825,695) $ 328,780 $ 439,380
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Non-cash operating lease expenses (180,064) 12,281 13,937
Depreciation and amortization 442,090 554,772 571,441
Provision of credit loss 516,130 62,422 1,281
Provision for inventory(reversal) (53,200) (785,426) 397,039
Deferred tax expense (4,638,121) (600) 135,274
Unrealized gain from investment in securities   (1,066,927) (245,800)
Investment income 3,433,407 100,216 28,207
Share of results of associates 126,333    
Changes in operating assets and liabilities:      
Accounts receivable (4,538,813) 1,220,376 (728,868)
Bank acceptance notes receivable 997,090 2,304,899 (1,096,994)
Inventories (3,872,105) 1,179,076 (2,069,096)
Prepayment to suppliers (1,937,209) 446,983 305,403
Other current assets (8,196,189) (229,212) 1,450,828
Accounts payable 4,405,806 (960,861) (1,069,672)
Insurance premium payables 1,208,837    
Contract liabilities 2,997,528 (648,484) 1,877,996
Deferred government grants 150,174 (39,975) (96,259)
Tax payables 167,934 97,043 22,210
Accrued expenses and other payables 6,604,911 (16,298) 7,009
Other non-current assets (45,789)    
Lease liabilities 180,853 1,610 (26,331)
Net cash provided by (used in) operating activities (3,056,092) 2,560,675 (83,015)
Cash flows from investing activities:      
Purchase of property, plant and equipment (1,018,131) (786,547) (716,251)
Purchase of intangible assets (148,426)   (1,885,870)
Cash received from disposal of long term investment   1,458,424  
Dividend received   55,566  
Payments on long term investment (2,092,908)    
Purchase of non controlling interest     (28,669)
Net cash provided by (used in) investing activities (3,259,465) 727,443 (2,630,790)
Cash flows from financing activities:      
Proceeds from bank loans 1,046,454    
Repayment of bank loans 558,109 (486,208) (143,347)
Proceeds from (Repayment of) bank notes payable     (972,291)
Net proceeds from issuance cost 5,758,009    
Dividend paid     (1,787,517)
Net cash provided by (used in) financing activities 7,362,572 (486,208) (2,903,155)
Effect of exchange rate change on Cash, cash equivalents and restricted cash (167,720) 67,175 352,153
Net increase (decrease) in Cash, cash equivalents and restricted cash 879,295 2,869,085 (5,264,807)
Cash, cash equivalents and restricted cash at beginning of period 9,817,254 7,476,247 14,979,013
Cash, cash equivalents and restricted cash at end of period 10,696,549 $ 10,345,332 9,714,206
Supplemental cash flow information      
Cash paid for interest 6,281    
Cash paid for income taxes 39,375   $ 26,990
Supplemental non-cash information      
Goodwill arising from the acquisition of the company by issuing shares 69,995,661 Class A ordinary shares per share of US$2.0 135,244,924    
Lease liabilities arising from obtaining right-of-use assets $ 205,468