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FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
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|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income/(loss) | ||
| Adjustments to reconcile net income/(loss) to net cash used in operating activities: | ||
| Depreciation and amortization | ||
| Deferred tax expense (benefit) | ||
| Allowance for credit losses | ||
| Recovery of allowance for expected credit losses | ||
| Share-based compensation | ||
| Amortization of right-of-use assets | ||
| Changes in assets and liabilities: | ||
| Accounts receivable | ||
| Inventories | ||
| Prepayments | ||
| Deposits and other assets | ||
| Accounts payable | ||
| Contract liabilities | ||
| Lease liabilities | ||
| Accrued expenses and other payables | ||
| Taxes payable | ||
| Net cash used in operating activities | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | ||
| Received repayment of Interest-free advance to a related party | ||
| Net cash used in investing activities | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from short-term bank loans | ||
| Repayments of short-term bank loans | ||
| Proceeds from long-term loan | ||
| Payment of long-term loan | ||
| Proceeds from PIPE investment | ||
| Due to a related party | ||
| Proceeds of Interest-free advances for operation from related parties | ||
| Repayment of Interest-free advances for operation to a related party | ||
| Payment of listing cost | ||
| Net cash (used in)/provided by financing activities | ||
| Effect of exchange rate changes | ||
| Net change in Cash and restricted cash | ||
| Cash and restricted cash at beginning of year | ||
| Cash and restricted cash at end of the year | ||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for income taxes | ||
| Cash paid for interest | ||
| SUPPLEMENTAL DISCLOSURE OF NONCASH FLOW INFORMATION: | ||
| Listing expense paid by a related party |
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