v3.26.1
Borrowings
6 Months Ended
Mar. 31, 2026
Borrowings [Abstract]  
BORROWINGS
11.SHORT-TERM BANK BORROWINGS

  

As of March 31, 2026 and September 30, 2025, summary of short-term bank borrowings is as follows:

 

    Annual
interest rate
    Maturity
date
  March 31,
2026
(Unaudited)
    September 30,
2025
 
Bank of Jiangsu     3.60%     February 2027   $ 434,909     $ -  
      4.05%     February 2026     -       421,408  
            Subtotal   $ 434,909     $ 421,408  
Xiaoshan Rural Commercial Bank     3.60%     August 2026     3,551,754       3,441,494  
Xiaoshan Rural Commercial Bank     3.60%     August 2026     1,159,756       1,123,753  
Xiaoshan Rural Commercial Bank     3.60%     August 2026     724,848       702,346  
Xiaoshan Rural Commercial Bank     3.60%     July 2026     724,848       702,346  
            Subtotal   $ 6,161,206     $ 5,969,939  
            Total   $ 6,596,115     $ 6,391,347  

 

Interest expenses were $117,902 and $286,827 for the six months ended March 31, 2026 and 2025, respectively. The weighted average interest rates of borrowings outstanding were 3.60% and 4.17% per annum as of March 31, 2026, and 2025, respectively.

 

The borrowings from Xiaoshan Rural Commercial Bank were secured by the Group’s equipment and building, see Note 6 for further details.