Concentration of major customers and suppliers |
6 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Concentration of major customers and suppliers | |
| Concentration of major customers and suppliers | Note 16 — Concentration of major customers and suppliers
For the six months ended March 31, 2026, one major customer accounted for approximately 57.9% of the Company’s total sales. For the six months ended March 31, 2025, two major customers accounted for approximately 68% and 12% of the Company’s total sales, respectively. Any decrease in sales to these major customers may negatively impact the Company’s operations and cash flows if the Company fails to increase its sales to other customers.
As of March 31, 2026, one major customer accounted for approximately 98.7% of the Company’s accounts receivable balance. As of September 30, 2025, one major customer accounted for approximately 99.7% of the Company’s accounts receivable balance.
For the six months ended March 31, 2026, five major suppliers accounted for approximately 24%, 21%, 13%, 11%, and 10% of the total purchases, respectively. For the six months ended March 31, 2025, three major suppliers accounted for approximately 33%, 32%, and 17% of the total purchases, respectively.
As of March 31, 2026, three major suppliers accounted for approximately 44%, 43%, and 13% of the Company’s advances to suppliers’ balance, respectively. As of September 30, 2025, three major suppliers accounted for approximately 42%, 30%, and 29% of the Company’s advances to supplier’ balance. |