RELATED PARTY TRANSACTIONS (Tables)
|
6 Months Ended |
12 Months Ended |
Sep. 30, 2025 |
Mar. 31, 2025 |
| Related Party Transactions [Abstract] |
|
|
| Schedule of Loan Transactions with Related Parties |
The Company’s relationships with related
parties who had transactions with the Company are summarized as follows:
| | | | | Name of Related Party | | Relationship to the Company | | Shanghai Tuwen Office Equipment Co., Ltd. | | An entity partially owned by the non-controlling shareholder who own 45% of Changyun | | Shanghai Yaodun Science and Technology Development Center (Limited Partnership) | | An entity owned by the Company’s chairman and CEO | | Qingdao Lixing Technology Co., Ltd. | | An entity partially owned by the Supervisor of Qingdao | | Kunming Jinbi Office Equipment Co., Ltd. | | The general manager of this entity is the Supervisor of Kunming | | Qinghai Jiayuan Mingyue Trade Co., Ltd. | | An entity partially owned by the non-controlling shareholder who owns 45% of Qinghai | | Anhui New Yalian Office Equipment Co., Ltd. | | An entity partially owned by the Company’s minority shareholder | | Xuancheng Jinshida Modern Office Equipment Co., Ltd. | | An entity partially owned by the Company’s minority shareholder | | Ningbo Lihong Information System Engineering Co., Ltd. | | An entity partially owned by the Company’s minority shareholder | | Yue Yan (Shanghai) Digital Technology Co., Ltd. | | An entity owned by the officer of the Company | | Qinghai Chengchuang ideal Trading Co. Ltd. | | An entity partially owned by the director of Qinghai | | Hangzhou Shilian Office Equipment Co., Ltd | | An entity partially owned by the non-controlling shareholder who own 45% of Hangzhou | | Hebei Leading Future Technology Co., Ltd. | | The Supervisor of this entity is the non-controlling shareholders who own 45% of Shijiazhuang | | Hongkong Eshallgo Holding Group Co., Limited | | An entity owned by the Company’s CEO and Director | | Eshallgo Electrical Equipment (Shanghai) Co., Ltd. | | Shareholder of the Company | | Zhidan Mao | | Chairman | | Qiwei Miao | | Chief Executive Officer and Director | | Chun Lyu | | Chief Financial Officer | | Yun Li | | The non-controlling shareholders who own 45% of Qinghai | | Peidong Xia | | The non-controlling shareholders who own 45% of Changyun | | Zhongyang Pan | | Family me member of the non-controlling shareholders who own 45% of Suzhou | | Jialiang Wang | | The non-controlling shareholders who own 45% of Zibo |
|
The
Company’s relationships with related parties who had transactions with the Company are summarized as follows:
| Name of Related Party | | Relationship to the Company | | Shanghai Tuwen Office Equipment Co., Ltd. | | An entity partially owned by the non-controlling shareholder who own 45% of Changyun | | Shanghai Yaodun Science and Technology Development Center (Limited Partnership) | | An entity owned by the Company’s chairman and CEO | | Qingdao Lixing Technology Co., Ltd. | | An entity partially owned by the Supervisor of Qingdao | | Kunming Jinbi Office Equipment Co., Ltd. | | The general manager of this entity is the Supervisor of Kunming | | Qinghai Jiayuan Mingyue Trade Co., Ltd. | | An entity partially owned by the non-controlling shareholder who owns 45% of Qinghai | | Anhui New Yalian Office Equipment Co., Ltd. | | An entity partially owned by the Company’s minority shareholder | | Xuancheng Jinshida Modern Office Equipment Co., Ltd. | | An entity partially owned by the Company’s minority shareholder | | Ningbo Lihong Information System Engineering Co., Ltd. | | An entity partially owned by the Company’s minority shareholder | | Yue Yan (Shanghai) Digital Technology Co., Ltd. | | An entity owned by the officer of the Company | | Qinghai Chengchuang ideal Trading Co. Ltd. | | An entity partially owned by the director of Qinghai | | Hangzhou Shilian Office Equipment Co., Ltd | | An entity partially owned by the non-controlling shareholder who own 45% of Hangzhou | | Hebei Leading Future Technology Co., Ltd. | | The Supervisor of this entity is the non-controlling shareholders who own 45% of Shijiazhuang | | Hongkong Eshallgo Holding Group Co., Limited | | An entity owned by the Company’s CEO and Director | | Eshallgo Electrical Equipment (Shanghai) Co., Ltd. | | Shareholder of the Company | | Shanghai Mingzhe Office Equipment Co., Ltd. | | An entity partially owned by the officer of Lixin before April 1, 2023, the entity ceased to be a related party to the Company since April 1, 2023. | | Hebei Shilong Digital Technology Co., Ltd. | | The officer of this entity is the Company’s minority shareholder before April 1, 2023, the entity ceased to be a related party to the Company since April 1, 2023. | | Youshi Innovation Business Group Co., Ltd. | | An entity partially owned by the non-controlling shareholder who owns 45% of Beijing, the entity ceased to be a related party to the Company since April 1, 2024. | | Zhidan Mao | | Chairman | | Qiwei Miao | | Chief Executive Officer and Director | | Chun Lyu | | Chief Financial Officer | | Yun Li | | The non-controlling shareholders who own 45% of Qinghai | | Peidong Xia | | The non-controlling shareholders who own 45% of Changyun | | Zhongyang Pan | | Family memember of the non-controlling shareholders who own 45% of Suzhou |
|
| Schedule of Accounts Receivable - Related Parties |
Accounts receivable - related parties consisted
of the following:
| | |
September 30, | | |
March 31, | |
| | |
2025 | | |
2025 | |
| Hangzhou Shilian Office Equipment Co., Ltd | |
$ | 24,762 | | |
$ | — | |
| Shanghai Tuwen Office Equipment Co., Ltd. | |
| 22,553 | | |
| 166,236 | |
| Anhui New Yalian Office Equipment Co., Ltd. | |
| 18,477 | | |
| 64,812 | |
| Xuancheng Jinshida Modern Office Equipment Co., Ltd. | |
| 7,802 | | |
| 12,823 | |
| Hebei Leading Future Technology Co., Ltd. | |
| 3,943 | | |
| 1,345 | |
| Others | |
| 281 | | |
| 276 | |
| Accounts receivable - related parties | |
$ | 77,818 | | |
$ | 245,492 | |
|
Accounts
receivable - related parties consisted of the following:
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Shanghai Tuwen Office Equipment Co., Ltd. | |
$ | 166,236 | | |
$ | 30,780 | |
| Anhui New Yalian Office Equipment Co., Ltd. | |
| 64,812 | | |
| 132,399 | |
| Xuancheng Jinshida Modern Office Equipment Co., Ltd. | |
| 12,823 | | |
| 7,619 | |
| Hebei Leading Future Technology Co., Ltd. | |
| 1,345 | | |
| 48,604 | |
| Others | |
| 276 | | |
| 13,218 | |
| Accounts receivable - related parties | |
$ | 245,492 | | |
$ | 232,620 | |
|
| Schedule of Advance to Vendors - Related Parties |
Advance to vendors - related parties consisted
of the following:
| | |
September 30, | | |
March 31, | |
| | |
2025 | | |
2025 | |
| Qinghai Chengchuang Ideal Trading Co. Ltd. | |
$ | 171,802 | | |
$ | — | |
| Qinghai Jiayuan Mingyue Trade Co., Ltd. | |
| 140,445 | | |
| — | |
| Others | |
| 170 | | |
| 50 | |
| Advance to vendors - related parties | |
$ | 312,417 | | |
$ | 50 | |
|
Advance
to vendors - related parties consisted of the following:
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Qinghai Chengchuang Ideal Trading Co. Ltd. | |
$ | — | | |
$ | 105,732 | |
| Shanghai Tuwen Office Equipment Co., Ltd. | |
| — | | |
| 38,770 | |
| Qingdao Lixing Technology Co., Ltd. | |
| — | | |
| 31,195 | |
| Others | |
| 50 | | |
| 14,036 | |
| Advance to vendors - related parties | |
$ | 50 | | |
$ | 189,733 | |
|
| Schedule of Due from Related Parties |
Due from related parties consisted of the following:
| | |
September 30, | | |
March 31, | |
| | |
2025 | | |
2025 | |
| Qiwei Miao | |
$ | 1,122,515 | | |
$ | 1,105,383 | |
| Zhidan Mao | |
| 698,557 | | |
| 594,363 | |
| Hangzhou Shilian Office Equipment Co., Ltd | |
| 562,621 | | |
| 530,458 | |
| Ningbo Lihong Information System Engineering Co., Ltd. | |
| 436,782 | | |
| 158,448 | |
| Chun Lyu | |
| 311,698 | | |
| 291,495 | |
| Yun Li | |
| — | | |
| 148,402 | |
| Shanghai Yaodun Science and Technology Development Center (Limited Partnership) | |
| 144,865 | | |
| 142,117 | |
| Eshallgo Electrical Equipment (Shanghai) Co., Ltd. | |
| 140,445 | | |
| 137,781 | |
| Qingdao Lixing Technology Co., Ltd. | |
| — | | |
| 68,891 | |
| Others | |
| 1,364 | | |
| 19,679 | |
| Due from related parties | |
$ | 3,418,847 | | |
$ | 3,197,017 | |
|
Due
from related parties consisted of the following:
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Qiwei Miao | |
$ | 1,105,383 | | |
$ | 59,669 | |
| Zhidan Mao | |
| 594,363 | | |
| — | |
| Hangzhou Shilian Office Equipment Co., Ltd | |
| 530,458 | | |
| — | |
| Chun Lyu | |
| 291,495 | | |
| 1,523 | |
| Ningbo Lihong Information System Engineering Co., Ltd. | |
| 158,448 | | |
| — | |
| Yun Li | |
| 148,402 | | |
| — | |
| Shanghai Yaodun Science and Technology Development Center (Limited Partnership) | |
| 142,117 | | |
| 4,358 | |
| Eshallgo Electrical Equipment (Shanghai) Co., Ltd. | |
| 137,781 | | |
| — | |
| Qingdao Lixing Technology Co., Ltd. | |
| 68,891 | | |
| — | |
| Qinghai Chengchuang ideal Trading Co. Ltd. | |
| — | | |
| 237,230 | |
| Anhui New Yalian Office Equipment Co., Ltd. | |
| — | | |
| 63,981 | |
| Others | |
| 19,679 | | |
| — | |
| Due from related parties | |
$ | 3,197,017 | | |
$ | 366,761 | |
|
| Schedule of Accounts Payable - Related Parties |
Accounts payable - related parties consisted
of the following:
| | |
September 30, | | |
March 31, | |
| | |
2025 | | |
2025 | |
| Qingdao Lixing Technology Co., Ltd. | |
$ | 23,135 | | |
$ | 90,946 | |
| Yue Yan (Shanghai) Digital Technology Co., Ltd. | |
| — | | |
| 31,679 | |
| Hangzhou Shilian Office Equipment Co., Ltd | |
| — | | |
| 16,020 | |
| Others | |
| 1,002 | | |
| 1,616 | |
| Accounts payable - related parties | |
$ | 24,137 | | |
$ | 140,261 | |
|
Accounts
payable - related parties consisted of the following:
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Qingdao Lixing Technology Co., Ltd. | |
$ | 90,946 | | |
$ | — | |
| Yue Yan (Shanghai) Digital Technology Co., Ltd. | |
| 31,679 | | |
| — | |
| Hangzhou Shilian Office Equipment Co., Ltd | |
| 16,020 | | |
| — | |
| Others | |
| 1,616 | | |
| 1,387 | |
| Accounts payable - related parties | |
$ | 140,261 | | |
$ | 1,387 | |
|
| Schedule of Due to Related Parties |
Due to related parties consisted of the following:
| | |
September 30, | | |
March 31, | |
| | |
2025 | | |
2025 | |
| Jialiang Wang | |
$ | 255,951 | | |
$ | — | |
| Peidong Xia | |
| 103,227 | | |
| 114,358 | |
| Hongkong Eshallgo Holding Group Co., Limited | |
| 9,739 | | |
| 10,285 | |
| Others | |
| 5,425 | | |
| 7,977 | |
| Due to related parties | |
$ | 374,342 | | |
$ | 132,620 | |
|
Due
to related parties consisted of the following:
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Peidong Xia | |
$ | 114,358 | | |
$ | — | |
| Hongkong Eshallgo Holding Group Co., Limited | |
| 10,285 | | |
| — | |
| Others | |
| 7,977 | | |
| 7,348 | |
| Due to related parties | |
$ | 132,620 | | |
$ | 7,348 | |
|
| Schedule of Due to a Related Party Non-current |
Due to a related party – non-current
| | |
September 30, | | |
March 31, | |
| | |
2025 | | |
2025 | |
| Zhongyang Pan | |
$ | 94,098 | | |
$ | 126,759 | |
| Due to a related party - non-current | |
$ | 94,098 | | |
$ | 126,759 | |
|
Due to a related party – non-current
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Zhongyang Pan | |
$ | 126,759 | | |
$ | — | |
| Due to a related party - non-current | |
$ | 126,759 | | |
$ | — | |
|
| Schedule of Sales to Related Parties |
Sales to related parties consisted of the following:
| | |
For the Six Months Ended
September 30, | |
| | |
2025 | | |
2024 | |
| Hangzhou Shilian Office Equipment Co., Ltd | |
$ | 49,956 | | |
$ | 87,603 | |
| Ningbo Lihong Information System Engineering Co., Ltd. | |
| 22,356 | | |
| 48,533 | |
| Anhui New Yalian Office Equipment Co., Ltd. | |
| 19,281 | | |
| 168,751 | |
| Xuancheng Jinshida Modern Office Equipment Co., Ltd. | |
| 8,407 | | |
| — | |
| Hebei Leading Future Technology Co., Ltd. | |
| 2,401 | | |
| 32,360 | |
| Shanghai Tuwen Office Equipment Co., Ltd. | |
| 1,868 | | |
| 208,059 | |
| Kunming Jinbi Office Equipment Co., Ltd. | |
| — | | |
| 24,641 | |
| Qinghai Jiayuan Mingyue Trade Co., Ltd. | |
| — | | |
| 89,554 | |
| Others | |
| 111 | | |
| 10,196 | |
| Sales to related parties | |
$ | 104,380 | | |
$ | 669,697 | |
|
Sales
to related parties consisted of the following:
| | |
For the Years Ended | |
| | |
March 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Anhui New Yalian Office Equipment Co., Ltd. | |
$ | 347,621 | | |
$ | 155,599 | | |
$ | 165,224 | |
| Shanghai Tuwen Office Equipment Co., Ltd. | |
| 232,774 | | |
| 92,214 | | |
| 115,189 | |
| Hangzhou Shilian Office Equipment Co., Ltd | |
| 142,957 | | |
| 15,330 | | |
| — | |
| Ningbo Lihong Information System Engineering Co., Ltd. | |
| 95,743 | | |
| 88,365 | | |
| 122,526 | |
| Hebei Leading Future Technology Co., Ltd. | |
| 49,252 | | |
| 46,295 | | |
| 160 | |
| Xuancheng Jinshida Modern Office Equipment Co., Ltd. | |
| 16,682 | | |
| 8,807 | | |
| 40,018 | |
| Qingdao Lixing Technology Co., Ltd. | |
| 1,961 | | |
| 31,930 | | |
| — | |
| Youshi Innovation Business Group Co., Ltd. | |
| — | | |
| 28,683 | | |
| — | |
| Kunming Jinbi Office Equipment Co., Ltd. | |
| — | | |
| 17,147 | | |
| — | |
| Qinghai Jiayuan Mingyue Trade Co., Ltd. | |
| — | | |
| — | | |
| 75,818 | |
| Hebei Shilong Digital Technology Co., Ltd. | |
| — | | |
| — | | |
| 1,295 | |
| Others | |
| 3,581 | | |
| 486 | | |
| 25,048 | |
| Sales to related parties | |
$ | 890,571 | | |
$ | 484,856 | | |
$ | 545,278 | |
|
| Schedule of Purchases from Related Parties |
Purchases from related parties consisted of the
following:
| | |
For the Six Months Ended
September 30, | |
| | |
2025 | | |
2024 | |
| Shanghai Tuwen Office Equipment Co., Ltd. | |
$ | 147,308 | | |
$ | 27,495 | |
| Kunming Jinbi Office Equipment Co., Ltd. | |
| — | | |
| 401,337 | |
| Yue Yan (Shanghai) Digital Technology Co., Ltd. | |
| 6,255 | | |
| — | |
| Others | |
| — | | |
| 2,488 | |
| Purchases from related parties | |
$ | 153,563 | | |
$ | 431,320 | |
|
Purchases
from related parties
| | |
For the Years Ended | |
| | |
March 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Shanghai Tuwen Office Equipment Co., Ltd. | |
$ | 122,789 | | |
$ | 6,477 | | |
$ | 6,043 | |
| Ningbo Lihong Information System Engineering Co., Ltd. | |
| 6,896 | | |
| 21,466 | | |
| — | |
| Kunming Jinbi Office Equipment Co., Ltd. | |
| — | | |
| 468,385 | | |
| 684,327 | |
| Youshi Innovation Business Group Co., Ltd. | |
| — | | |
| 50,325 | | |
| 67,417 | |
| Yue Yan (Shanghai) Digital Technology Co., Ltd. | |
| — | | |
| 35,649 | | |
| — | |
| Qingdao Lixing Technology Co., Ltd. | |
| — | | |
| 4,328 | | |
| 18,204 | |
| Shanghai Mingzhe Office Equipment Co., Ltd. | |
| — | | |
| — | | |
| 1,570,180 | |
| Hebei Shilong Digital Technology Co., Ltd. | |
| — | | |
| — | | |
| 124,587 | |
| Others | |
| 9,289 | | |
| 3,507 | | |
| 25,802 | |
| Purchases from related parties | |
$ | 138,974 | | |
$ | 590,137 | | |
$ | 2,496,560 | |
|
| Schedule of Loan Transactions with Related Parties |
Loan transactions with related parties consisted
of the following:
| | |
| |
For the Six Months Ended | |
| | |
| |
September 30, | |
| | |
Nature | |
2025 | | |
2024 | |
| Ningbo Lihong Information System Engineering Co., Ltd. | |
Payments made to a related party | |
$ | (272,426 | ) | |
$ | (305,522 | ) |
| Zhidan Mao | |
Payments made to a related party | |
| (97,295 | ) | |
| (301,110 | ) |
| Hangzhou Shilian Office Equipment Co., Ltd | |
Payments made to a related party | |
| (21,683 | ) | |
| (138,874 | ) |
| Qiwei Miao | |
Payments made to a related party | |
| (16,698 | ) | |
| (1,021,847 | ) |
| Qingdao Lixing Technology Co., Ltd. | |
Collection from (payments made to) a related party | |
| 69,496 | | |
| (167,863 | ) |
| Yun Li | |
Collection from a related party | |
| 149,707 | | |
| — | |
| Jialiang Wang | |
Proceeds from a related party | |
| 253,306 | | |
| — | |
| Qinghai Chengchuang Ideal Trading Co. Ltd. | |
Payments made to a related party | |
| — | | |
| (215,269 | ) |
| Shanghai Yaodun Science and Technology Development Center (Limited Partnership) | |
Payments made to a related party | |
| — | | |
| (138,874 | ) |
| Eshallgo Electrical Equipment (Shanghai) Co., Ltd. | |
Payments made to a related party | |
| — | | |
| (138,874 | ) |
| Anhui New Yalian Office Equipment Co., Ltd. | |
Collection from a related party | |
| — | | |
| 64,170 | |
| Others | |
Payment/repayment made to related parties | |
| (52,788 | ) | |
| (65,425 | ) |
| Total | |
| |
$ | 11,619 | | |
$ | (2,429,488 | ) |
|
Loan
transactions with related parties consisted of the following:
| | |
| |
For the Years Ended | |
| | |
| |
March 31, | |
| | |
Nature | |
2025 | | |
2024 | | |
2023 | |
| Qiwei Miao | |
Payments made to a related party | |
$ | (1,045,660 | ) | |
$ | (53,507 | ) | |
$ | — | |
| Zhidan Mao | |
Payments made to a related party | |
| (596,096 | ) | |
| — | | |
| — | |
| Hangzhou Shilian Office Equipment Co., Ltd | |
Payments made to a related party | |
| (533,479 | ) | |
| — | | |
| — | |
| Chun Lyu | |
Payments made to a related party | |
| (289,677 | ) | |
| — | | |
| — | |
| Ningbo Lihong Information System Engineering Co., Ltd. | |
Collections received from (payments made to) a related party | |
| (159,351 | ) | |
| — | | |
| 65,668 | |
| Yun Li | |
Collections received from (payments made to) a related party | |
| (149,247 | ) | |
| — | | |
| — | |
| Shanghai Yaodun Science and Technology Development Center (Limited Partnership) | |
Payments made to a related party | |
| (142,927 | ) | |
| (135,402 | ) | |
| (106,014 | ) |
| Eshallgo Electrical Equipment (Shanghai) Co., Ltd. | |
Payments made to a related party | |
| (138,566 | ) | |
| — | | |
| — | |
| Qingdao Lixing Technology Co., Ltd. | |
Payments made to a related party | |
| (69,283 | ) | |
| — | | |
| — | |
| Qinghai Chengchuang Ideal Trading Co. Ltd. | |
Collections received from (payments made to) a related party | |
| 237,405 | | |
| (239,521 | ) | |
| — | |
| Anhui New Yalian Office Equipment Co., Ltd. | |
Collections received from (payments made to) a related party | |
| 64,028 | | |
| 40,886 | | |
| (110,109 | ) |
| Zhongyang Pan | |
Proceeds from a related party | |
| 127,481 | | |
| — | | |
| — | |
| Peidong Xia | |
Proceeds from a related party | |
| 115,010 | | |
| — | | |
| — | |
| Shanghai Mingzhe Office Equipment Co., Ltd. | |
Collections received from (payments made to) a related party | |
| — | | |
| 209,702 | | |
| (218,895 | ) |
| Others | |
Proceeds/collection from (payment/repayment made to) related parties | |
| (4,484 | ) | |
| (27,598 | ) | |
| 35,510 | |
| Total | |
| |
$ | (2,584,846 | ) | |
$ | (205,440 | ) | |
$ | (333,840 | ) |
|