v3.25.2
Unaudited Condensed Consolidated Statements of Cash Flows
 6 Months Ended
Mar. 31, 2025
HKD ($)
Mar. 31, 2025
USD ($)
Mar. 31, 2024
HKD ($)
Cash flows from operating activities:      
Net income (loss) $ (4,527,468) $ (582,033) $ 10,123,869
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Change in fair value of investment in key management insurance policy (142,380) (18,304)
Depreciation of property and equipment 905,575 116,417 869,104
Amortization of intangible assets 37,200 4,782 42,500
Amortization of operating lease right-of-use assets 953,751 122,611 440,254
Amortization of service fee 5,203,673 668,964
Provision for credit loss 203,000 26,097 347,000
Write-down for inventories 50,000 6,428
Deferred tax (435,768) (56,021) (346,058)
Losses on disposal of property and equipment 1,772,107 227,815 636,289
Share-based compensation 2,425,269 311,783
Foreign exchange losses - unrealized 35,499 4,564 96,492
Changes in operating assets and liabilities      
Inventories 17,650,404 2,269,069 (4,058,366)
Trade receivables (3,314,240) (426,066) 4,246,864
Prepaid expenses and other assets (1,205,596) (154,987) (3,687,198)
Contract assets (11,484,555) (1,476,411) (4,397,107)
Trade and notes payables (2,668,298) (343,026) (10,229,186)
Other payables, accrued payroll and welfare (2,659,432) (341,886) (482,856)
Contract liabilities (12,780,880) (1,643,061) 14,821,793
Operating lease liabilities (979,385) (125,906) (429,154)
Other liabilities (678,956) (87,284) 183,136
Prepaid income tax 1,013,378 130,276 (1,965,065)
Net cash provided by (used in) operating activities (10,627,102) (1,366,179) 6,212,311
Cash flows from investing activities:      
Purchases of property and equipment (1,008,100) (129,597) (663,000)
Proceeds from disposal of property and equipment 250,000 32,139
Net cash used in investing activities (758,100) (97,458) (663,000)
Cash flows from financing activities:      
Proceeds from capital contribution 90 12 882,588
Net proceeds from initial public offering 24,299,503
Payments to related parties (6,984)
Repayments by related parties 6,984
Net cash provided by financing activities 90 12 25,182,091
Effect of exchange rate changes (29,439) (3,787) 89,535
Net (decrease) increase in cash and cash equivalents (11,414,551) (1,467,412) 30,820,937
Cash and cash equivalents at beginning of the year 52,338,132 6,728,391 16,400,123
Cash and cash equivalents at end of the year 40,923,581 5,260,979 47,221,060
Supplemental disclosure of cash flow information:      
Interest expense paid 5,384 692 8,109
Income tax paid/(refunded) (217,843) (28,005) 3,287,292
Supplemental disclosure of non-cash investing and financing information:      
Operating lease right-of-use assets obtained in exchange for operating lease obligations 1,803,513
Extinguishment of operating lease right-of-use assets and operating lease liabilities due to termination of lease $ 35,709