Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 542

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 542
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 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 Zhi Jian Mini Program, was launched in October 2022 and November 2023, we refocused on selling dietary supplements,
prepaid health screening cards, and physiotherapy equipment to our retail customers. Accordingly, the gross margin of our wholesale business
line shrank during the year ended September 30, 2024.

The
gross margins for our commission, equipment service, technical service, and training for year ended September 30, 2024 were 100%, 58.8%,
100.0%, and 40.8%, respectively. As we introduced these four additional revenue streams in or after November 2023, the gross margins