v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows
6 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2026
CNY (¥)
Mar. 31, 2025
CNY (¥)
Cash flows from operating activities      
Net income (loss) $ 699,620 ¥ 4,825,973 ¥ (4,233,119)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities      
Depreciation of plant and equipment 3,481
Amortization of deferred stock compensation 208,781 1,440,174
Non-cash lease expense 26,526 182,973 178,341
Provision (reversal) for credit losses (882,345) (6,086,418) 125,888
Revaluation gain on equity investments (822,526) (5,673,782)
Deferred tax expense 211,327 1,457,734 823,197
Changes in operating assets and liabilities      
Accounts receivable 2,439,607 16,828,408 10,312,033
Deposits, prepayments and other receivables (656,046) (4,525,402) (477,090)
Due from related party (873)
Inventories 64,063 441,904 (5,039)
Accounts payable (1,130,096) (7,795,399) (8,423,357)
Accruals and other payables 41,122 283,660 535,801
Contract liabilities (10,115) (69,776) (915,793)
Advance from related parties 2,834,233
Repayment of obligation under operating leases (26,526) (182,973) (178,341)
Tax payable 1,303 8,991 (328,319)
Net cash provided by operating activities 164,695 1,136,067 251,043
Cash flows from investing activities      
Equity investments (4,222,478) (29,126,653)
Payment to related parties (2,280,000)
Net cash used in investing activities (4,222,478) (29,126,653) (2,280,000)
Cash flows from financing activities      
Loan from other payables – related parties 1,565,393 10,798,081 30,432,800
Repayment to other payables – related parties (1,595,410) (11,005,136) (28,430,000)
Proceeds from issuance of shares 4,149,325 28,622,042
Net cash provided by financing activities 4,119,308 28,414,987 2,002,800
Net (decrease) increase in cash and bank balances 61,525 424,401 (26,157)
Effect of exchange rate on cash (164,433) (1,134,260) 4,886
Cash and restricted cash at the beginning of the period 5,319,845 36,696,290 130,923
Cash and restricted cash at the end of the period 5,216,937 35,986,431 109,652
Supplementary cash flow information      
Interest paid (19,046) (131,376) (169,537)
Non-cash transaction in financing activities      
Option granted for deferred stock compensation $ 1,879,032 ¥ 12,961,565