Company: KMRK
Filing Date: 2025-03-25
Form Type: DRS/A
Source: 0001013762-25-001825
Chunk: 104

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-03-25
Form: DRS/A
Chunk 104
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 approximately US$2.0million, which was primarily driven by extended payment terms with key suppliers to optimize liquidity. Additionally, an increase in amounts due to related parties of approximately US$1.8million contributed to cash inflows, reflecting higher short -termfinancing from affiliated entities. However, these positive factors were partially offset by an increase in accounts receivable of approximately US$0.54million, largely due to higher sales in the latter part of the fiscal year, resulting in a temporary buildup of outstanding customer balances. These working capital movements highlight the company’s focus on managing supplier relationships and leveraging related -partyfinancing while navigating revenue growth.

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For the year ended March31, 2023, net cash used in operating activities was approximately US$0.23million, reflecting a temporary strain on liquidity despite positive net income of approximately US$0.25million. Operating cash flows benefited from a decrease in accounts receivable of approximately US$0.67million, driven by improved collection efforts and lower sales volume in the latter part of the year, which reduced outstanding customer balances. Additionally, an increase in accounts payable of approximately US$0.12million provided a modest source of cash, as the company strategically managed payment terms with suppliers. However, these inflows were outweighed by other working capital needs, resulting in a net cash outflow from operations. Cash provided by (used in) investing activities For the year ended March31, 2024, cash provided by investing activities was US$66,403. Cash provided by interest received US$66,403. For the year ended March31, 2023, cash used in investing activities was US$89,799. Cash used in purchase of fixed assets of approximately US$91,385. Cash used in financing activities For the year ended March31, 2024, cash used in financing activities amounted to approximately US$2.5million, which consisted of proceeds from bank loans of approximately US$0.6million, repayment of bank borrowing of approximately US$0.2million, payment of lease liabilities of approximately US$0.2million, net repayments to related parties of approximately US$2.6million. For the year ended March31, 2023, cash used in financing activities amounted to approximately US$0.5million, which consisted of repayment of bank borrowing of approximately US$0.2million, payment of lease liabilities of approximately US$0.1million and net repayment of related parties of approximately US$0.