Company: AOAO
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001493152-25-018240
Chunk: 28

Company: Alpha One Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 28
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 in the credit profile of our customers or delays in their payments could impact our cash flow. If we are required to rely on bank or other borrowings to meet our liabilities, it could place significant pressure on our operating cash flow. This may lead to adverse effects on our business operations, financial performance, and potential liquidity risks in the future.

Failure to properly estimate the risks, time and cost involved in a project or delays in completion may lead to cost overruns and affect the Company’s financial conditions and profitability

When determining the offer price for its projects, the Company generally adopts a cost-plus pricing model after taking into account factors including, the nature, scale, complexity and location of the relevant project, as well as the estimated material, labour and equipment cost. As such, whether the Company is able to achieve its target profitability in any project is significantly dependent on its ability to accurately estimate and control these costs. The actual time taken and cost involved in implementing the Company’s project may be adversely affected by a number of factors, such as shortage or cost escalation of materials and labor, adverse weather conditions, accidents, and any other unforeseen problems and circumstances. As of the aforesaid factors may give rise to delays in completion of works or cost overruns, which in turn result in a lower profit margin or even a loss for a project, thereby materially and adversely affecting the Company’s financial condition, profitability or liquidity.

The Company’s performance depends on prevailing market conditions and trends in the Telecommunications Infrastructure Services industry, and Infrastructure Digitalisation Solution Services industry and in the overall state of economy in PRC

All of the Company’s operations are based in, and all of the Company’s revenue was derived from the PRC for the years ended March 31, 2024 and 2025, and the Directors expect the Company’s business will continue to be based in the PRC. Accordingly, the Company’s future performance depends on the prevailing market conditions and trends in the telecommunications industry in the PRC. The future growth and level of profitability is likely to depend primarily upon the continued availability of large-scale projects, which will be determined by the interplay of various factors. These factors include, in particular, the PRC government’s policies and initiatives, the spending budgets and patterns of the Company’s customers, and the general conditions and prospects of the PRC economy. If the government authorities adopt regulations that place additional restrictions or burdens on the telecommunications industry, the Company’s customers may be more conservative in their spending budgets, and the demand for Telecommunications Infrastructure