8 results
20-F
2024 FY
DSY
Big Tree Cloud Holdings Limited Ordinary Shares
12 Jun 24
Annual report (foreign)
5:16pm
BIG TREE CLOUD INTERNATIONAL GROUP LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In U.S. dollars, except for share and per share data, or otherwise note)
As of, | ||||||||
December 31, 2023 | June 30, 2023 | |||||||
USD | USD | |||||||
(Unaudited) | ||||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | 1,121,803 | 3,190,995 | ||||||
Advance to suppliers | 47,741 | 717,748 | ||||||
Accounts receivables, net | 20,315 | 211,356 | ||||||
Prepaid expenses and other current assets, net | 633,093 | 618,771 | ||||||
Inventories, net | 1,325,975 | 626,196 | ||||||
Amount due from related parties | 562 | 894,271 | ||||||
Total current assets | 3,149,489 | 6,259,337 | ||||||
Non-current assets: | ||||||||
Property and equipment, net | 3,977,725 | 3,982,410 | ||||||
Intangible asset, net | 79,940 | 2,509 | ||||||
Right-of-use assets | 628,532 | 704,531 | ||||||
Deferred offering costs | 1,323,686 | 752,955 | ||||||
Deferred tax asset | 515,885 | 381,191 | ||||||
Total non-current assets | 6,525,768 | 5,823,596 | ||||||
TOTAL ASSETS | 9,675,257 | 12,082,933 | ||||||
LIABILITIES AND SHAREHOLDERS’ (DEFICITS)/EQUITY | ||||||||
Current liabilities: | ||||||||
Short-term loan | 1,408,471 | - | ||||||
Accounts payables | 733,079 | 683,424 | ||||||
Contract liabilities | 3,728,785 | 3,385,764 | ||||||
Accrued expenses and other current liabilities | 639,045 | 661,037 | ||||||
Lease liabilities | 173,749 | 174,650 | ||||||
Amounts due to related parties | 407,208 | 1,324,178 | ||||||
Total current liabilities | 7,090,337 | 6,229,053 | ||||||
Non-current liabilities: | ||||||||
Lease liabilities | 450,883 | 500,262 | ||||||
Contract liabilities | 3,521,176 | 4,765,785 | ||||||
Total non-current liabilities | 3,972,059 | 5,266,047 | ||||||
TOTAL LIABILITIES | 11,062,396 | 11,495,100 | ||||||
Shareholders’ (deficits)/equity: | ||||||||
Ordinary shares (par value of US$1 per share; 50,000 ordinary shares authorized, 50,000 ordinary shares issued and outstanding as of December 31, 2023 (unaudited) and June 30, 2023, respectively)* | 50,000 | 50,000 | ||||||
Additional paid-in capital | 1,619,428 | 4,199,352 | ||||||
Accumulated deficit | (3,398,283) | (3,979,667) | ||||||
Accumulated other comprehensive income | 341,716 | 318,148 | ||||||
Total shareholders’ (deficits)/equity | (1,387,139) | 587,833 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ (DEFICITS)/EQUITY | 9,675,257 | 12,082,933 |
20-F
2024 FY
DSY
Big Tree Cloud Holdings Limited Ordinary Shares
12 Jun 24
Annual report (foreign)
5:16pm
BIG TREE CLOUD INTERNATIONAL GROUP LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In U.S. dollars, except for share and per share data, or otherwise noted)
For the six months ended December 31, | ||||||||
2023 | 2022 | |||||||
USD | USD | |||||||
(Unaudited) | ||||||||
Net income | 581,384 | 261,338 | ||||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | 480,187 | 29,049 | ||||||
Write offs of inventory reserve | (601) | (1,228) | ||||||
Loss on disposal of property and equipment | 5,137 | - | ||||||
Provision for doubtful accounts | 3,412 | 11,649 | ||||||
Deferred tax assets | (134,694) | (24,450) | ||||||
Amortization of right-of-use assets | 89,327 | 16,061 | ||||||
Changes in operating assets and liabilities: | ||||||||
Accounts receivables, net | 188,620 | (47,287) | ||||||
Prepaid expenses and other current assets, net | (14,322) | (334,592) | ||||||
Accounts payables | 49,655 | 203,283 | ||||||
Contract liabilities | (901,588) | 5,595,291 | ||||||
Advance to suppliers | 670,007 | (301,513) | ||||||
Inventories, net | (699,268) | 26,664 | ||||||
Accrued expenses and other current liabilities | (21,992) | 19,645 | ||||||
Lease liabilities | (63,608) | (15,357) | ||||||
Net cash provided by operating activities | 231,656 | 5,438,553 | ||||||
Cash flows from investing activities: | ||||||||
Proceeds on disposal of property and equipment | 63,582 | - | ||||||
Purchases of property and equipment | (387,111) | (2,181,504) | ||||||
Purchases of intangible assets | (1,796,426) | - | ||||||
Net cash used in investing activities | (2,119,955) | (2,181,504) | ||||||
Cash flows from financing activities: | ||||||||
Payments of listing fees | (570,731) | - | ||||||
Loans paid to related parties | (1,778,091) | (1,344,215) | ||||||
Loans received from related parties | 893,709 | - | ||||||
Proceeds from short-term loans | 1,408,471 | - | ||||||
Net cash used in financing activities | (46,642) | (1,344,215) | ||||||
Effect of Foreign currency translation | (134,251) | (7,809) | ||||||
Net decrease/(increase) in cash and cash equivalents: | (2,069,192) | 1,905,025 | ||||||
Cash and cash equivalents at beginning of the period | 3,190,995 | 363,535 | ||||||
Cash and cash equivalents at end of the period | 1,121,803 | 2,268,560 | ||||||
Supplemental disclosure of cash flow information: | ||||||||
Interest paid | 20,643 | - |
20-F
2024 FY
DSY
Big Tree Cloud Holdings Limited Ordinary Shares
12 Jun 24
Annual report (foreign)
5:16pm
Prepaid expenses and other current assets consist of the following:
As of | ||||||||
December 31, 2023 | June 30, 2023 | |||||||
USD | USD | |||||||
(Unaudited) | ||||||||
Value added tax recoverable | 436,520 | 213,557 | ||||||
Payment on behalf of employees | 1,247 | 90,101 | ||||||
Deposits | 177,129 | 281,268 | ||||||
Others | 18,197 | 33,845 | ||||||
Prepaid expenses and other current assets, net | 633,093 | 618,771 |
20-F
2024 FY
DSY
Big Tree Cloud Holdings Limited Ordinary Shares
12 Jun 24
Annual report (foreign)
5:16pm
For the Six Months Ended December 31, | For the Year Ended June 30, | |||||||||||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | |||||||||||||||||||||||||||||
US$ | % | US$ | % | US$ | % | US$ | % | |||||||||||||||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||||||||||||||||||
Net revenues | 4,158,057 | 100.0 | 2,467,137 | 100.0 | 6,293,340 | 100.0 | 1,940,378 | 100.0 | ||||||||||||||||||||||||
Cost of revenues | (1,378,127) | (33.1) | (662,103) | (26.8) | (2,663,924) | (42.3) | (846,255) | (43.6) | ||||||||||||||||||||||||
Gross profit | 2,779,930 | 66.9 | 1,805,034 | 73.2 | 3,629,416 | 57.7 | 1,094,123 | 56.4 | ||||||||||||||||||||||||
Operating expenses: | ||||||||||||||||||||||||||||||||
Selling expenses | (435,245) | (10.5) | (50,005) | (2.0) | (758,593) | (12.1) | (665,763) | (34.3) | ||||||||||||||||||||||||
General and administrative expenses | (1,887,213) | (45.4) | (1,355,520) | (54.9) | (2,199,987) | (35.0) | (2,366,445) | (122.0) | ||||||||||||||||||||||||
Total Operating expenses | (2,322,458) | (55.9) | (1,405,525) | (57.0) | (2,958,580) | (47.0) | (3,032,208) | (156.3) | ||||||||||||||||||||||||
Operating profit | 457,472 | 11.0 | 399,509 | 16.2 | 670,836 | 10.7 | (1,938,085) | (99.9) | ||||||||||||||||||||||||
Other income/(expenses), net | ||||||||||||||||||||||||||||||||
Financial expenses | (20,079) | (0.5) | (1,014) | 0.0 | (10,615) | (0.2) | (1,785) | (0.1) | ||||||||||||||||||||||||
Financial income | 2,699 | 0.1 | 3,176 | 0.1 | 9,287 | 0.1 | 4,531 | 0.2 | ||||||||||||||||||||||||
Income/(Loss) on deregistration of subsidiaries | 62,429 | 1.5 | (88,487) | (3.6) | (347,423) | (5.5) | (77,407) | (4.0) | ||||||||||||||||||||||||
Other income/(expenses), net | 33,561 | 0.8 | 103 | - | (13,754) | (0.2) | (10,090) | (0.5) | ||||||||||||||||||||||||
Total other income/(expenses), net | 78,610 | 1.9 | (86,222) | (3.5) | (362,505) | (5.8) | (84,751) | (4.4) | ||||||||||||||||||||||||
Profit before income tax provision | 536,082 | 12.9 | 313,287 | 12.7 | 308,331 | 4.9 | (2,022,836) | (104.2) | ||||||||||||||||||||||||
Income tax benefit/(expense) | 45,302 | 1.1 | (51,949) | (2.1) | (28,766) | (0.5) | 130,255 | 6.7 | ||||||||||||||||||||||||
Net income | 581,384 | 14.0 | 261,338 | 10.6 | 279,565 | 4.4 | (1,892,581) | (97.5) | ||||||||||||||||||||||||
Other comprehensive income: | ||||||||||||||||||||||||||||||||
Foreign currency translation adjustments | 23,568 | 0.6 | 11,762 | 0.5 | (144,906) | (2.3) | 126,662 | 6.5 | ||||||||||||||||||||||||
Total comprehensive profit | 604,952 | 14.5 | 273,100 | 11.1 | 134,659 | 2.1 | (1,765,919) | (91.0) |
20-F
2024 FY
DSY
Big Tree Cloud Holdings Limited Ordinary Shares
12 Jun 24
Annual report (foreign)
5:16pm
BIG TREE CLOUD INTERNATIONAL GROUP LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (In U.S. dollars, except for share and per share data, or otherwise noted)
For the six months ended December 31, | ||||||||
2023 | 2022 | |||||||
USD | USD | |||||||
(Unaudited) | ||||||||
Net revenue | 4,158,057 | 2,467,137 | ||||||
Cost of revenues | (1,378,127) | (662,103) | ||||||
Gross profit | 2,779,930 | 1,805,034 | ||||||
Operating expenses | ||||||||
Selling expenses | (435,245) | (50,005) | ||||||
General and administrative expenses | (1,887,213) | (1,355,520) | ||||||
Total operating expenses | (2,322,458) | (1,405,525) | ||||||
Operating profit | 457,472 | 399,509 | ||||||
Other income/(expenses), net | ||||||||
Financial expenses | (20,079) | (1,014) | ||||||
Financial income | 2,699 | 3,176 | ||||||
Income/(loss) on deregistration of subsidiaries | 62,429 | (88,487) | ||||||
Other expenses, net | 33,561 | 103 | ||||||
Total other income/(expenses), net | 78,610 | (86,222) | ||||||
Profit before income tax provision | 536,082 | 313,287 | ||||||
Income tax benefit/(expense) | 45,302 | (51,949) | ||||||
Net profit | 581,384 | 261,338 | ||||||
Other Comprehensive Income | ||||||||
Foreign currency translation adjustments | 23,568 | 11,762 | ||||||
Total comprehensive income | 604,952 | 273,100 | ||||||
Earnings per share | ||||||||
Basic and diluted | 11.63 | 5.23 | ||||||
Weighted average shares used in calculating net profit per share: | ||||||||
Basic and diluted | 50,000 | 50,000 |
20-F
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12 Jun 24
Annual report (foreign)
5:16pm
20-F
6sl62
12 Jun 24
Annual report (foreign)
5:16pm
20-F
5zsf1 4jlp70zzf
12 Jun 24
Annual report (foreign)
5:16pm
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