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Combined and Consolidated Statements of Operations and Comprehensive Income/(Loss)
$ in Thousands, ¥ in Millions
12 Months Ended
Sep. 30, 2024
USD ($)
$ / shares
shares
Sep. 30, 2023
USD ($)
$ / shares
shares
Sep. 30, 2022
USD ($)
$ / shares
shares
Revenues $ 124,737 $ 113,541 $ 120,348
Cost of revenues (123,484) (113,045) (119,632)
Gross profit 1,253 496 716
Operating expenses      
Selling and marketing expenses (1,267) (1,137) (1,445)
General and administrative expenses (4,335) (5,370) (2,882)
Research and development expenses (1,098) (1,314) (1,049)
Total operating expenses (6,700) (7,821) (5,376)
Operating loss (5,447) (7,325) (4,660)
Other income/(expense)      
Litigation related expenses (2,969) (1,456)
Interest expenses, net (2,707) (2,060) (1,657)
Other income, net 17 214 142
Investment income 78 10
Total other expenses, net (5,659) (3,224) (1,505)
Loss before income tax expenses (11,106) (10,549) (6,165)
Income tax expenses
Net loss (11,106) (10,549) (6,165)
Less: net loss attributable to non-controlling interests (250) (397) (551)
Less: net loss attributable to mezzanine equity (153) (162) (98)
Less: accretion of mezzanine equity to redemption value 10,300 11,587 13,194
Plus: conversion of redeemable principal interests into ordinary shares upon IPO 53,469
Net (loss)/income attributable to the Company’s ordinary shareholders 32,466 (21,577) (18,710)
Foreign currency translation difference, net of tax of nil (3,685) 3,935 14,356
Total comprehensive income/(loss) (14,791) (6,614) 8,191
Less: total comprehensive loss attributable to non-controlling interests (203) (413) (544)
Comprehensive income/(loss) attributable to the Company (14,588) (6,201) 8,735
Non-redeemable Common Stock [Member]      
Other income/(expense)      
Net (loss)/income attributable to the Company’s ordinary shareholders $ 24,161 $ (15,342) $ (13,303)
Net earnings/(loss) per share of ordinary shares- Basic | $ / shares [1] $ 0.32 $ (0.22) $ (0.19)
Net earnings/(loss) per share of ordinary shares- Diluted | $ / shares [1] $ 0.32 $ (0.22) $ (0.19)
Weighted average shares outstanding of ordinary shares - Basic | shares 76,497,505 71,117,252 71,099,300
Weighted average shares outstanding of ordinary shares - Diluted | shares 76,497,505 71,117,252 71,099,300
Redeemable Common Stock [Member]      
Other income/(expense)      
Net (loss)/income attributable to the Company’s ordinary shareholders $ (34,864) $ 4,547 $ 5,268
Net earnings/(loss) per share of ordinary shares- Basic | $ / shares [1] $ (1.33) $ 0.16 $ 0.18
Net earnings/(loss) per share of ordinary shares- Diluted | $ / shares [1] $ (1.33) $ 0.16 $ 0.18
Weighted average shares outstanding of ordinary shares - Basic | shares 26,294,899 28,900,700 28,900,700
Weighted average shares outstanding of ordinary shares - Diluted | shares 26,294,899 28,900,700 28,900,700
[1] The shares and per share information are presented on a retroactive basis to reflect the Reorganization, First Share Split and Second Share Split (See Note 1(c) and Note 16).