Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 9

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 1
Chunk 9
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 fee.

From
August 15, 2023 (Date of Inception) to November 30, 2023, the Company had general and administrative expenses in the amount of $25,520.
These were primarily comprised of legal and professional fees, company incorporation fees, and audit fees.

Net
Loss

For
the year ended November 30, 2024, the Company incurred a net loss of $39,224.

From
August 15, 2023 (Date of Inception) to November 30, 2023, the Company incurred a net loss of $5,520.

Liquidity
and Capital Resources

The
Company’s cash and cash equivalents has increased by $3,022, from $7,319 as of November 30, 2023 to $10,341 as of November 30,
2024. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets
and the settlement of liabilities and commitments in the normal course of business.

Cash
Used in/Provided by Operating Activities

For
the year ended November 30, 2024, the Company has used $27,461 in operating activities, which was primarily attributable to net loss
and increase in prepayment and deposit contra by depreciation expenses, increase in accrued liabilities, increase in the amount due to
our sole director and increase in deferred revenue.

From
August 15, 2023 (Date of Inception) to November 30, 2023, the Company received $5,652 from operating activities, which was primarily
attributable to depreciation expenses, increase in accrued liabilities, increase in the amount due to our sole director and an increase
in deferred revenue contra by net loss and increase in prepayment and deposit.

Cash
Used in Investing Activity

For
the year ended November 30, 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.

From
August 15, 2023 (Date of Inception) to November 30, 2023, the Company used $2,333 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 Activities

On
August 15, 2023, our sole officer and director, Mr. Kae Ren Tee, purchased 4,000,