v3.26.3
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
(Loss) profit before tax $ (1,768,078) $ 14,657
Adjustments to reconcile (loss) profit    
Depreciation expenses 95,869 90,248
Gain on disposal of property, plant and equipment 14,821
Depreciation expenses-right-of-use assets 48,397 110,903
Amortization expenses 29,507 7,782
Provision for allowance for valuation loss of inventories 712
Share-based payment 1,134,787 65,856
Interest income (12,035) (75,150)
Finance costs 137,437 210,043
Changes in operating assets    
Accounts receivable (1,850,731) (6,687,451)
Other receivables (195,639) 175,922
Inventories 15,411 (274,781)
Prepayments (472,904) (98,426)
Other non-current assets 62,731
Changes in operating liabilities    
Current contract liabilities 85,716 85,797
Accounts payable 1,215,841 5,571,251
Other payables (333,748) (462,224)
Other current liabilities 1,087,518 (1,813)
Cash flows used in operations (704,388) (1,267,386)
Interest received 12,035 75,150
Interest paid (137,437) (210,043)
Net cash flows used in operating activities (829,790) (1,402,279)
Cash flows from investing activities    
Advance to financial assets at amortized cost (49,107) (37,036)
Addition of guarantee deposits (123,156)
Other advances (2,110,639)
Advances to related parties (278,645)
Purchases of property, plant and equipment (3,413,023) (171,359)
Purchases of intangible assets (20,767)
Net cash flows used in investing activities (3,462,130) (2,741,602)
Cash flows from financing activities    
Proceeds from short-term bank loans 1,892,919 14,160,713
Repayments of short-term loans (1,763,398) (9,987,319)
Payment on lease liabilities (48,341) (102,402)
Proceeds from long-term bank loans 4,154,746 688,142
Repayments of long-term bank loans (1,556,940) (137,437)
Advances from the director 3,290,037
Repayment of director’s loan (1,629,992)
Deferred IPO Cost (138,807)
Net cash flows from financing activities 4,339,031 4,482,890
Effect of foreign exchange rate changes 450,233 (78,120)
Net increase in cash and cash equivalents 497,344 260,889
Cash and cash equivalents at beginning of period 97,669 649,106
Cash and cash equivalents at end of period $ 595,013 $ 909,995