Summary of significant accounting policies (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Translation of Amounts |
Translation of amounts from the local currencies
of the Company into US$ has been made at the following exchange rates for the respective periods:
| | |
As of and for the years ended
March 31, | |
| | |
2026 | | |
2025 | |
| Period-end US$1: RMB exchange rate | |
| 6.8980 | | |
| 7.2567 | |
| Period-average US$1: RMB exchange rate | |
| 7.1019 | | |
| 7.2163 | |
|
| Schedule of Estimated Useful Lives |
Property, plant and equipment are stated at cost
less accumulated depreciation and impairment, if any. Depreciation is computed using the straight-line method over the estimated useful
lives of the assets. The estimated useful lives are as follows:
| Category |
|
Estimated
useful lives |
| Building |
|
20 years |
| Electronic equipment |
|
3 to 5 years |
| Transportation equipment |
|
4 years |
| Machinery Equipment |
|
10 years |
| Other Equipment |
|
5 to 10 years |
| Building Improvement |
|
20 years |
|
| Schedule of Cost Less Accumulated Amortization |
Land use
rights are stated at cost less accumulated amortization.
| |
|
Rental period |
| Land use rights |
|
20-50 years |
|
| Schedule of Disaggregation of Revenue |
The Company’s disaggregation of revenue for the years ended March
31, 2026 and 2025 are as follows:
| | |
For the Years ended
March 31, | |
| | |
2026 | | |
2025 | |
| Revenue from overseas sales of products | |
$ | 3,095,591 | | |
$ | 3,319,714 | |
| Revenue from domestic sales of products | |
| 7,170,022 | | |
| 4,402,796 | |
| Total revenue | |
$ | 10,265,613 | | |
$ | 7,722,510 | |
|
| Schedule of Disaggregation of Revenue |
The summary of the Company’s total revenues
by product categories for the years ended March 31, 2026 and 2025 was as follows:
| | |
For the Years ended
March 31, | |
| | |
2026 | | |
2025 | |
| Revenue from sales of pearlescent pigments | |
$ | 5,918,673 | | |
$ | 5,640,808 | |
| Revenue from sales of industrial intermediates | |
| 4,058,772 | | |
| 1,945,522 | |
| Revenue from sales of powder coatings | |
| 288,168 | | |
| 136,180 | |
| Total revenue | |
$ | 10,265,613 | | |
$ | 7,722,510 | |
|
| Schedule of Significant Expenses |
Significant expenses for the years ended March
31, 2026 and 2025 are as follows:
| | |
As of
March 31,
2026 | | |
As of
March 31,
2025 | |
| Revenue | |
$ | 10,265,613 | | |
$ | 7,722,510 | |
| Less: | |
| | | |
| | |
| Cost of revenues | |
| (8,015,770 | ) | |
| (5,610,148 | ) |
| Salaries and employee benefits | |
| (385,294 | ) | |
| (324,336 | ) |
| Office expenses | |
| (246,443 | ) | |
| (148,676 | ) |
| Freight and port charges | |
| (134,921 | ) | |
| (122,737 | ) |
| Travel and entertainment expenses | |
| (32,245 | ) | |
| (28,473 | ) |
| Exhibition fees | |
| (63,050 | ) | |
| (72,646 | ) |
| Depreciation of fixed assets | |
| (40,899 | ) | |
| (44,505 | ) |
| Amortization of land-use rights | |
| (16,950 | ) | |
| (16,681 | ) |
| Research and development expenses | |
| (381,958 | ) | |
| (287,922 | ) |
| Other segment items | |
| 17,231 | | |
| 28,960 | |
| Government subsidy | |
| 621,728 | | |
| 233,032 | |
| Income tax expense | |
| (159,069 | ) | |
| - | |
| Interest income | |
| 1,477 | | |
| 1,050 | |
| Interest expense | |
| (76,178 | ) | |
| (98,464 | ) |
| Segment net income | |
| 1,353,272 | | |
| 1,230,964 | |
| | |
| | | |
| | |
| Reconciliation of profit or loss | |
| - | | |
| - | |
| Adjustments and reconciling items | |
| - | | |
| - | |
| Consolidated and combined net income | |
$ | 1,353,272 | | |
$ | 1,230,964 | |
|