v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
Current assets:    
Cash $ 4,093,878 $ 3,685,043
Restricted cash 10,227 9,413
Accounts receivable 2,831,064 2,495,301
Inventories 2,301,216 1,761,880
Prepaid expenses and other current assets 1,669,571 1,066,032
Total current assets 10,905,956 9,017,669
Non-current assets:    
Property, plant and equipment, net 1,980,764 853,959
Intangible assets, net 67,537 83,906
Operating lease right-of-use assets, net 868,418 1,106,024
Finance lease right-of-use assets, net 146,732 194,478
Deferred tax assets, net 19,308 558,683
Other non-current assets, net 4,302,029 3,510,363
Total non-current assets 7,384,788 6,307,413
TOTAL ASSETS 18,290,744 15,325,082
Current liabilities:    
Accounts payable 2,781,034 1,819,647
Advance from customers 317,751 141,737
Accrued expenses and other current liabilities 1,472,141 1,345,210
Taxes payable 30,651 21,916
Operating lease liabilities, current 573,650 473,116
Finance lease liabilities, current 38,816 36,277
Total current liabilities 5,214,043 3,837,903
Non-current liabilities:    
Operating lease liabilities, non-current 296,436 633,249
Finance lease liabilities, non-current 88,723 127,834
Total non-current liabilities 385,159 761,083
TOTAL LIABILITIES 5,599,202 4,598,986
Commitments and Contingencies (Note 16)
Shareholders’ equity    
Additional paid-in capital 11,182,908 4,855,795
Statutory reserve 813,235 813,235
Retained earnings 2,275,757 7,081,318
Accumulated other comprehensive loss (1,599,926) (2,030,043)
Total Shareholders’ Equity 12,691,542 10,726,096
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 18,290,744 15,325,082
Class A Ordinary Shares    
Shareholders’ equity    
Ordinary shares [1] 17,068 3,291
Class B Ordinary Shares    
Shareholders’ equity    
Ordinary shares [1] $ 2,500 $ 2,500
[1] Retrospectively restated for effect of the share consolidation completed in January 2026 (see Note 14).