v3.26.1
Concentration of Risks (Tables)
 12 Months Ended
Mar. 31, 2026
Concentration of Risks [Abstract]  
Schedule of Concentration Risk

The following customers accounted for 10% or more of revenue for the fiscal years ended March 31, 2026, 2025 and 2024:

 

   For the Fiscal Year Ended   For the Fiscal Year Ended   For the Fiscal Year Ended 
   March 31, 2026   March 31, 2025   March 31, 2024 
   US$’000   %   US$’000   %   US$’000   % 
Customer A   10,634    21.54%   29,305    55.08%   20,103    31.68%
Customer B   -    -%*   1,808    3.40%*   18,795    29.62%
Customer C   5,282    10.70%   7,246    13.62%   5,047    7.95%*
Customer E   28,312    57.36%   4,531    8.52%*   -    -%*

  

The following customers accounted for 10% or more of our accounts receivable (gross amount), as of March 31, 2026 and 2025:

 

   As of March 31, 2026   As of March 31, 2025 
   US$’000   %   US$’000   % 
Customer A   2,905    18.29%   3,548    15.32%
Customer B   3,199    20.14%   8,888    38.37%
Customer E   2,735    17.22%   2,445    10.56%

 

*Represents less than 10%

The following suppliers accounted for 10% or more of purchases for the fiscal years ended March 31, 2026, 2025 and 2024:

  

   For the Fiscal Year Ended   For the Fiscal Year Ended   For the Fiscal Year Ended 
   March 31, 2026   March 31, 2025   March 31, 2024 
   US$’000   %   US$’000   %   US$’000   % 
Supplier A   -    -%*   1,456    5.86%*   9,193    31.54%
Supplier B   7,725    33.63%   6,525    26.28%   -    -%*
Supplier D   -    -%*   -    -%*   6,496    22.29%
Supplier E   2,490    10.84%   3,817    15.37%   3,915    13.43%
Supplier F   -    -%   9,027    36.36%   183    0.64%*
Supplier J   11,510    50.10%   -    -%*   -    -%*

 

The following suppliers accounted for 10% or more of our accounts payable as of March 31, 2026 and 2025:

 

   As of March 31, 2026   As of March 31, 2025 
   US$’000   %   US$’000   % 
Supplier A   6,152    66.33%   6,198    59.9%
Supplier B   2,541    27.40%   2,459    23.8%

 

*Represents less than 10%