v3.26.1
Advances to suppliers net
12 Months Ended
Sep. 30, 2025
Advances to suppliers net  
Advances to suppliers, net

Note 5 – Advances to suppliers, net

 

Advances to suppliers represent prepayments made to ensure continuous high-quality supply and favorable purchase prices. Advances to suppliers consisted of the following:

 

 

 

As of

 

 

As of

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

Advances for raw materials purchase

 

$21,446,203

 

 

$28,400,856

 

Less: allowance for credit losses

 

 

-

 

 

 

(1,912,362)

Advances to suppliers, net

 

$21,446,203

 

 

$26,488,494

 

 

The movement of allowance for credit losses was as follows:

 

 

 

For the

 

 

For the

 

 

 

year ended

 

 

year ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

Balance as of beginning of year

 

$1,912,362

 

 

$54,217

 

Addition

 

 

-

 

 

 

1,807,897

 

Reversal

 

 

(1,860,686)

 

 

-

 

Translation adjustments

 

 

(51,676)

 

 

50,248

 

Balance as of end of year

 

 

-

 

 

$1,912,362