Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 197

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 6
Chunk 197
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2024, there were four customers who accounted for more than 10% of the Company’s revenues. The customers
who accounted for more than 10% of the Company’s revenues and its outstanding receivable balance at period-end is presented below:

SCHEDULE
OF REVENUES AND OUTSTANDING RECEIVABLES BALANCE 

    For the year ended November 30, 2024 

    Revenue  
    Percentage of Revenue  
    Accounts receivable 
  
    Customer A 
    $6,900  
     27% 
    $- 
  
    Customer B 
     6,600  
     26% 
     - 
  
    Customer C 
     6,300  
     25% 
     - 
  
    Customer D 
     3,500  
     14% 
     - 
  
    Total 
    $23,300  
     92% 
    $- 

From
August 15, 2023 (Date of Inception) to November 30, 2023, there were two customers who accounted for 100% of the Company’s revenues.
The customers who accounted for 100% of the Company’s revenues and its outstanding receivable balance at period-end is presented
below:

    From August 15, 2023 (Date of Inception) to November 30, 2023 

    Revenue  
    Percentage of Revenue  
    Accounts receivable 
  
    Customer A 
    $10,000  
     50% 
    $- 
  
    Customer B 
     10,000  
     50% 
     - 
  
    Total 
    $20,000  
     100% 
    $- 

12.
SEGMENT REPORTING

ASC
280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with
the Company’s internal organization structure as well as information about services categories, business segments and major customers
in financial statements. The Company has single reportable segment based on business unit, information technology services business and
two reportable segments based on country, Malaysia and Hong Kong.

The Company adheres to the provisions of ASC 280, Segment Reporting, which
establishes standards for the way public business enterprises report information about operating segments in annual financial statements
and requires that those enterprises report selected information about operating segments in financial statements issued to shareholders.