Company: HNIT
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001493152-25-018080
Chunk: 58

Company: Huineng Technology Corp
Filing Date: 2025-10-15
Form: 10-Q
Item: Item 8
Chunk 58
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venue generated was from the Company providing website development, design and maintenance services to the customers.

General
and Administrative Expenses

For
the nine months ended August 31, 2025, the Company had general and administrative expenses in the amount of $36,063. These were primarily
comprised of audit fees, stock and registrar fees, OTC fee, other professional fees and service tax.

For
the nine months ended August 31, 2024, the Company had general and administrative expenses in the amount of $49,140. These were primarily
comprised of legal service fee, audit fees, service tax and bank charges.

Net
Loss

For
the nine months ended August 31, 2025, the Company has incurred a net loss of $25,772.

For
the nine months ended August 31, 2024, the Company has incurred a net loss of $28,440.

Liquidity
and Capital Resources

Cash
Used in/Provided by Operating Activities

Net
cash used in operating activities was $7,856 for the nine months ended August 31, 2025. The cash used in operating activities was attributable
to net loss, decrease in accrued liabilities, decrease in deferred revenue contra by depreciation expenses, decrease in prepayments and
deposit, decrease in amount due from a shareholder.

Net
cash used in operating activities was $18,770 for the nine months ended August 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 nine months ended August 31, 2025, the Company did not generate nor used any cash in investing activity.

For
the nine months ended August 31, 2024, the Company used $729 in investing activity, which was primarily attributable to the purchase
of plant and equipment. Specifically, the equipment purchased was office equipment.

Cash
Provided by Financing Activity

For
the nine months ended August 31, 2025, the Company did not generate nor used any cash in financing activity.

For
the nine months ended August 31, 2024, the Company generated $30,900 in financing activity, which was attributable to the share application
money pending allotment resulted from the shares subscription by an investor