Short-Term and Long-Term Borrowings (Tables)
|
6 Months Ended |
Mar. 31, 2026 |
|---|
| Short-Term and Long-Term Borrowings [Abstract] |
|
| Schedule of Short-Term and Long-Term Borrowings |
Short-term and long-term borrowings consisted
of the following as of March 31, 2026 and September 30, 2025:
| | |
March 31,
2026 | | |
September 30,
2025 | |
| Short-term borrowings | |
| | | |
| | |
| Factored notes receivable with recourse | |
$ | 3,768,166 | | |
$ | 4,122,341 | |
| Bank borrowings | |
| 2,174,544 | | |
| - | |
| Total short-term borrowings | |
| 5,942,710 | | |
| 4,122,341 | |
| | |
| | | |
| | |
| Long-term borrowings | |
| | | |
| | |
| Current portion | |
$ | 1,960,608 | | |
$ | 43,545 | |
| Non-current portion | |
| 13,712,776 | | |
| 8,025,004 | |
| Total long-term borrowings | |
$ | 15,673,384 | | |
$ | 8,068,549 | |
|
| Schedule of Maturity Analysis of Long-Term Borrowings |
The following is a maturity analysis of long-term
borrowings as of March 31, 2026:
| | |
RMB | | |
USD | |
| Periods ending March 31, | |
| | | |
| | |
| 2027 | |
| 13,524,274 | | |
$ | 1,960,608 | |
| 2028 | |
| 16,689,555 | | |
| 2,419,477 | |
| 2029 | |
| 29,090,563 | | |
| 4,217,246 | |
| 2030 | |
| 13,100,603 | | |
| 1,899,189 | |
| 2031 and thereafter | |
| 35,710,005 | | |
| 5,176,864 | |
| Total | |
| 108,115,000 | | |
$ | 15,673,384 | |
|
| Schedule of Bank Borrowings |
The Company’s short-term and long-term bank
borrowings are pledged by its assets as listed below:
| | |
March 31,
2026 | | |
September 30,
2025 | |
| Buildings, net | |
$ | 25,237 | | |
$ | 24,453 | |
| Machinery and equipment | |
| 4,500,707 | | |
| - | |
| Construction in progress (“CIP”) | |
| 7,875,091 | | |
| 9,096,839 | |
| Land use rights, net | |
| 3,728,038 | | |
| 3,653,199 | |
| Total | |
$ | 16,129,072 | | |
$ | 12,774,491 | |
|