Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 713

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1A
Chunk 713
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 30, 2024, we made our retail product sales through our King Eagle Mall and Kun Zhi Jian Mini Program. We also
offered equipment service and training through the Kun Zhi Jian Mini Program. We pay an equipment service fee that includes a prepaid
card activation fee and a technical support fee. Our costs of training revenue consist of training fees, accommodations, and transportation
of the third-party trainers.

We
incurred a higher cost of revenue related to our retail revenue and equipment
service revenue for the year ended September 30, 2024 compared to the same period in 2023 because
we generated significantly retail revenue volume and amount from King Eagle Mall and equipment service revenue from selling prepaid
cards during the year ended September 30, 2024 as discussed above.

Gross
profit

    For the years ended September 30, 

    2024  
    2023 

    Retail 
    $1,048,246  
    $71,375 
  
    Wholesale 
     1,012  
     3,412,739 
  
    Equipment service 
     370,824  
     - 
  
    Technical service 
     36,027  
     - 
  
    Commission 
     2,954  
     - 
  
    Training 
     14,040  
     - 
  
    Total 
    $1,473,103  
    $3,484,114 

For the years ended September 30, 2024 and 2023, our gross profit related
to our retail sales amounted to $1,048,246, or 76.3%, and $71,375, or 58.2%. respectively. Our gross profit or margin for the retail business
of King Eagle Mall for the year ended September 30, 2024 was significantly higher than that for the same period in 2023. Our retail revenue
amount increased in the current period as we put up the retail price for our products and lauched Kun Zhi Jia Mini Program in November
2023.

The gross profit and margin for our wholesale business of Kun Zhi Jian
for the year ended September 30, 2024 and 2023 was $1,012, or 46.8%, and $3,412,739, or 89.9%, respectively. When our online platform,
Kun Zhi Jian and Kun Z