Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 220

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 9
Chunk 220
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 30, 2023

(CURRENCY
EXPRESSED IN UNITED STATES DOLLARS (“US$”), EXCEPT FOR NUMBER OF SHARES)

(AUDITED)

    Year ended
 November 30, 2024  
    From August 15,
 2023 (Date of
 Inception) to November 30, 2023 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(39,224) 
    $(5,520)

    Adjustment to reconcile net loss to net cash provided by operating activities: 

    Depreciation expenses 
     588  
     156 
  
    Changes in operating assets and liabilities: 

    Prepayments and deposit 
     (8,197) 
     (258)
  
    Accrued liabilities 
     5,750  
     3,750 
  
    Amount due to a director 
     13,022  
     5,124 
  
    Deferred revenue 
     600  
     2,400 

    Net cash (used in)/provided by operating activities 
    $(27,461) 
    $5,652 

    CASH FLOWS FROM INVESTING ACTIVITY: 

    Purchase of plant and equipment 
    $(729) 
    $(2,333)

    Net cash used in investing activity 
    $(729) 
    $(2,333)

    CASH FLOWS FROM FINANCING ACTIVITY: 

    Issuance of share capital 
     30,900  
     4,000 

    Net cash provided by financing activity 
    $30,900  
    $4,000 

    Effect of exchange rate changes on cash and cash equivalents 
    $312  
    $- 

    Net increase in cash and cash equivalents 
    $3,022  
    $7,319 
  
    Cash and cash equivalents, beginning of year/period 
     7,319  
     - 

    CASH AND CASH EQUIVALENTS, END OF YEAR/PERIOD 
    $10,341  
    $7,319 

    SUPPLEMENTAL CASH FLOWS INFORMATION 

    Income taxes paid 
    $-  
    $- 
  
    Interest paid 
    $-  
    $- 

See
accompanying notes to consolidated financial