Company: HNIT
Filing Date: 2025-07-14
Form Type: 10-Q
Source: 0001641172-25-018889
Chunk: 21

Company: Huineng Technology Corp
Filing Date: 2025-07-14
Form: 10-Q
Item: Item 1
Chunk 21
---
 has incurred a net loss of $11,645.

For
the three months ended May 31, 2024, the Company has incurred a net loss of $3,596.

Six
months ended May 31, 2025 and May 31, 2024

Revenues

For
the six months ended May 31, 2025, the Company generated revenue in the amount of $4,600.

For
the six months ended May 31, 2024, the Company generated revenue in the amount of $13,500.

The
revenue generated was from the Company providing website development, design and maintenance services to the customers.

General
and Administrative Expenses

For
the six months ended May 31, 2025, the Company had general and administrative expenses in the amount of $26,427. These were primarily
comprised of audit fees, stock and registrar fees, OTC fee, other professional fees and service tax.

For
the six months ended May 31, 2024, the Company had general and administrative expenses in the amount of $20,798. These were primarily
comprised of legal service fee, audit fees, service tax and bank charges.

Net
Loss

For
the six months ended May 31, 2025, the Company has incurred a net loss of $21,036.

For
the six months ended May 31, 2024, the Company has incurred a net loss of $7,298.

Liquidity
and Capital Resources

Cash
Used in/Provided by Operating Activities

Net
cash used in operating activities was $1,584 for the six months ended May 31, 2025. The cash used in operating activities was attributable
to net loss, decrease in accrued liabilities contra by depreciation expenses, decrease in prepayments and deposit, decrease in amount
due from a shareholder and increase in deferred revenue.

Net
cash used in operating activities was $5,596 for the six months ended May 31, 2024. The cash used in operating activities was attributable
to net loss, increase in accounts receivable, increase in prepayment and deposit and decrease in accrued liabilities contra by depreciation
expenses, increase in the amount due to our sole director and increase in deferred revenue.

Cash
Used in Investing Activity

For
the six months ended May 31, 2025, the Company did not generate nor used any cash in investing activity.

For
the six months ended May