| Cash Flow | 2025-09-30 |
|---|---|
| Net income (loss) | 698,189 |
| Depreciation and amortization | 379,617 |
| Gain (loss) on disposal of unconsolidated entities | -17,911 |
| Deferred tax benefit | -9,539 |
| Accounts receivable | 1,224,829 |
| Inventories | 2,589 |
| Advances to suppliers | -176,051 |
| Other receivables | 356,213 |
| Other current assets | -159,673 |
| Accounts payable | 140,683 |
| Deferred offering cost | 80,000 |
| Accrued expenses and other payables | -208,061 |
| Deferred subsidies | -16,226 |
| Net cash used in operating activities | -325,333 |
| Purchases of property and equipment | 551,687 |
| Net cash used in investing activities | -551,687 |
| Proceeds from long term loans | 279,461 |
| Repayments of long-term payables | 292,706 |
| Repayments of a loan from a related party | 2,685,583 |
| Proceeds from loans from related parties | 3,113,690 |
| Net cash provided by financing activities | 414,862 |
| Effect of exchange rate changes | 5,710 |
| Net decrease in cash | -456,448 |
| Cash and cash equivalents at beginning of period | 710,901 |
| Cash and cash equivalents at end of period | 254,453 |
Hongchang International Co., Ltd (HCIL)
Hongchang International Co., Ltd (HCIL)