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CONTRACT ASSETS AND CONTRACT LIABILITIES

6 Months Ended

Mar. 31, 2025

Contract Assets And Contract Liabilities

CONTRACT ASSETS AND CONTRACT LIABILITIES

6.	CONTRACT ASSETS AND CONTRACT LIABILITIES

	As of September 30, 2024			As of March 31, 2025
		RMB			RMB
Contract assets – current, net:
Revenue recognized in excess of amounts paid or billed (account receivable) to the Group on uncompleted contracts		125,144,653			143,899,869
Retention receivables		226,996			2,337,851
Less: allowance for credit loss		(2,292,498	)		(2,604,481	)
Total		123,079,151			143,633,239
Contract assets – non- current, net:
Retention receivables		4,824,870			4,348,188
Less: allowance for credit loss		-
Total		4,824,870			4,348,188

	As of September 30, 2024		As of March 31, 2025
		RMB		RMB
Contract liabilities:
Payments received or receivable in excess of revenue recognized on uncompleted contracts		255,740		2,337,063
Total		255,740		2,337,063

The movements in the allowance for credit loss related to contract assets for the year ended September 30, 2024 and for the six months ended March 31, 2025 were as follows:

	For the year ended September 30, 2024		For the six months ended March 31, 2025
		RMB		RMB
Balance at beginning of the year		1,253,735		2,292,498
Additions		1,038,763		311,983
Balance at end of the year/period		2,292,498		2,604,481