v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Sep. 30, 2025
CURRENT ASSETS:    
Cash $ 9,083,602 $ 7,461,630
Short-term investments 21,020,722 22,168,607
Accounts receivable, net 5,478,436 5,807,386
Inventories, net 5,754,146 4,923,164
Advance to suppliers - a related party 639,028
Prepaid expenses and other current assets 2,527,528 3,676,136
TOTAL CURRENT ASSETS 44,556,915 44,143,213
NON-CURRENT ASSETS:    
Operating lease right-of-use assets 50,642 85,157
Property, plant and equipment, net 9,849,841 7,895,385
Land use right, net 1,124,634 1,102,802
Deferred tax assets, net 243,700 141,801
Other non-current assets 13,059
TOTAL NON-CURRENT ASSETS 11,281,876 9,225,145
TOTAL ASSETS 55,838,791 53,368,358
CURRENT LIABILITIES:    
Short-term bank loans 17,979,816 18,837,468
Accounts payable 2,603,358 3,256,624
Accrued liabilities and other payables 510,611 673,472
Deferred revenue 452,720 495,357
Taxes payable 287,485 302,317
Operating lease liabilities, current 57,433 72,645
TOTAL CURRENT LIABILITIES 22,822,947 23,795,891
NON-CURRENT LIABILITY:    
Long-term bank loan 2,867,040
TOTAL NON-CURRENT LIABILITY 2,867,040
TOTAL LIABILITIES 25,689,987 23,795,891
COMMITMENTS AND CONTINGENCIES (Note 18)
SHAREHOLDERS’ EQUITY    
Ordinary shares, value [1] 7,827
Additional paid-in capital 6,749,144 6,749,144
Statutory reserves 2,864,741 2,864,741
Retained earnings 20,833,243 20,940,978
Accumulated other comprehensive loss (135,061) (923,968)
TOTAL SHAREHOLDERS’ EQUITY 30,319,894 29,638,722
Non-controlling interest (171,090) (66,255)
TOTAL EQUITY 30,148,804 29,572,467
TOTAL LIABILITIES AND EQUITY 55,838,791 53,368,358
Related Party    
CURRENT ASSETS:    
Accounts receivable - related parties 35,600 106,290
Due from a related party 17,853
CURRENT LIABILITIES:    
Deferred revenue - related parties 182,385 115,876
Due to related parties 749,139 42,132
Class A Ordinary Share    
SHAREHOLDERS’ EQUITY    
Ordinary shares, value [1] 6,827
Class B Ordinary Share    
SHAREHOLDERS’ EQUITY    
Ordinary shares, value [1] $ 1,000
[1] Retrospectively adjusted to reflect the 1-for-20 reverse share split effective on March 16, 2026.