XML 43 R4.htm IDEA: XBRL DOCUMENT v3.23.4
Consolidated Statements of Income and Comprehensive Income - USD ($)
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Revenue, net    
Sales of electronic components, net of sales taxes and value added taxes $ 211,123,155 $ 286,539,736
Service commission fees, net of sales taxes and value added taxes 3,282,071 3,836,635
Total revenue, net 214,405,226 290,376,371
Cost of revenue 209,112,615 282,561,907
Gross profit 5,292,611 7,814,464
OPERATING EXPENSES    
Selling expenses 1,991,992 1,931,785
General and administrative expenses 2,425,587 2,511,424
Total operating expenses 4,417,579 4,443,209
INCOME FROM OPERATIONS 875,032 3,371,255
OTHER INCOME (EXPENSES)    
Foreign exchange transaction gain 1,788,870 301,133
Interest expense (567,915) (356,624)
Short-term investment income 14,748 30,775
Subsidy income 125,125 213,741
Loss from termination of the VIE agreements (205,249)
Other expenses, net (219,020) (197,945)
Total other income (expenses), net 1,141,808 (214,169)
INCOME BEFORE INCOME TAX PROVISION 2,016,840 3,157,086
INCOME TAX EXPENSES (265,670) (587,276)
NET INCOME 1,751,170 2,569,810
Foreign currency translation adjustments (1,238,224) 817,991
TOTAL COMPREHENSIVE INCOME $ 512,946 $ 3,387,801
EARNINGS PER ORDINARY SHARE:    
– BASIC (in Dollars per share) $ 0.19 $ 0.29
– DILUTED (in Dollars per share) $ 0.18 $ 0.27
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES*:    
– BASIC (in Shares) 9,201,374 8,826,374
– DILUTED (in Shares) 9,918,931 9,547,346