Company: HNIT
Filing Date: 2025-04-14
Form Type: 10-Q
Source: 0001641172-25-003960
Chunk: 2

Company: Huineng Technology Corp
Filing Date: 2025-04-14
Form: 10-Q
Item: Item 1
Chunk 2
---
    Adjustment to reconcile net loss to net cash provided by operating activities: 

    Depreciation expenses 
     153  
     128 
  
    Changes in operating assets and liabilities: 

    Prepayments and deposit 
     3,277  
     53 
  
    Accounts receivable 
     (3,500) 
     - 
  
    Accrued liabilities 
     (6,400) 
     (650)
  
    Amount due from/to a shareholder 
     3,864  
     6,629 
  
    Deferred revenue 
     2,300  
     600 
  
    Net cash (used in)/provided by operating activities 
    $(9,697) 
    $3,058 

    CASH FLOWS FROM INVESTING ACTIVITY: 

    Purchase of plant and equipment 
    $-  
    $(729)
  
    Net cash used in investing activity 
    $-  
    $(729)

    Effect of exchange rate changes on cash and cash equivalents 
    $(418) 
    $- 

    Net increase in cash and cash equivalents 
    $(10,115) 
    $2,329 
  
    Cash and cash equivalents, beginning of period 
     10,341  
     7,319 

    CASH AND CASH EQUIVALENTS, END OF PERIOD 
    $226  
    $9,648 

    SUPPLEMENTAL CASH FLOWS INFORMATION 

    Income taxes paid 
    $-  
    $- 
  
    Interest paid 
    $-  
    $- 

 The
accompanying notes are an integral part of these financial statements.

F-4

HUINENG
TECHNOLOGY CORPORATION

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE THREE MONTHS ENDED FEBRUARY 28, 2025 (UNAUDITED)

(CURRENCY
EXPRESSED IN UNITED STATES DOLLARS (“US$”), EXCEPT FOR NUMBER OF SHARES)

1.
ORGANIZATION AND BUSINESS BACKGROUND

Aceztech Corporation, a Nevada corporation, (herein referred as “the Company”) was incorporated under the laws of the
State of Nevada on August 15, 2023.

On
June 4, 2024, the Company acquired 100% of the equity interest of Acez