v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 50,043 $ 493,201
Restricted cash 220,500 217,700
Accounts receivable 1,391,532 2,278,878
Other receivable 752,314 74,693
Inventories, net 29,364 36,206
Advance to suppliers 119,961 175,389
Other current assets 731,612 757,833
Total current assets 3,295,326 4,033,900
Non-current assets:    
Property and equipment, net 27,321,360 27,139,534
Construction-in-progress 17,458,476 16,832,470
Intangible assets, net
Land use rights, net 4,026,608 3,998,567
Equity-method investments 527,684
Other non-current assets 6,835,336 7,005,938
Total non-current assets 55,641,780 55,504,193
Total assets 58,937,106 59,538,093
Current liabilities:    
Long-term loans -current portion 421,516 378,026
Accounts payable 894,801 2,263,805
Accounts payable-construction in progress 19,650 13,639
Advances from customers 259 256
Accrued expenses and other liabilities 461,988 841,789
Total current liabilities 4,785,090 6,447,590
Non-current liabilities    
Deferred subsidies 1,951,745 1,935,462
Long term loans 6,522,479 6,556,390
Deferred Tax Liability 3,275 7,675
Total non-current liabilities 12,035,582 12,013,264
Total liabilities 16,820,672 18,460,854
Commitments and contingencies
Stockholders’ equity:    
Common stock (US$0.001 par value; 2,000,000,000 shares authorized; 518,831,367 and 518,831,367 issued and outstanding as of June 30, 2025 and March 31, 2025) 518,831 518,831
Additional paid-in capital 39,905,228 39,905,228
Statutory reserves 1,197 1,197
Accumulated surplus (deficit) 278,018 (31,672)
Accumulated other comprehensive income (loss) 406,053 (131,400)
Total Hongchang International Co., Ltd’s stockholders’ equity 41,109,327 40,262,184
Non-controlling interests 1,007,107 815,055
Total equity 42,116,434 41,077,239
Total liabilities and equity 58,937,106 59,538,093
Related Party    
Current assets:    
Amount due from a related party
Current liabilities:    
Amounts due to related parties -current portion 2,986,876 2,950,075
Non-current liabilities    
Amounts due to related parties $ 3,558,083 $ 3,513,737