| For the fiscal years ended September 30, | ||||||||||||||||||||||||
| 2023 | 2024 | Variance | ||||||||||||||||||||||
| USD’000 | % | USD’000 | % | USD’000 | % | |||||||||||||||||||
| Cost | ||||||||||||||||||||||||
| New Car Sales | 73,693 | 65.2 | 55,838 | 45.3 | (17,855) | (24.2) | ||||||||||||||||||
| - Parallel-import cars sales | 72,619 | 64.2 | 55,529 | 45.0 | (17,090) | (23.5) | ||||||||||||||||||
| - New energy vehicles sales | 1,074 | 1.0 | 309 | 0.3 | (765) | (71.2) | ||||||||||||||||||
| Auto Parts and Auto Accessories Sales | 36,480 | 32.2 | 67,296 | 54.4 | 30,816 | 84.5 | ||||||||||||||||||
| - Lubricating oils | 33,150 | 29.3 | 61,383 | 49.7 | 28,233 | 85.2 | ||||||||||||||||||
| - Tires | 1,497 | 1.3 | 2,262 | 1.8 | 765 | 51.1 | ||||||||||||||||||
| - Accumulators | 1,694 | 1.5 | 2,987 | 2.4 | 1,293 | 76.3 | ||||||||||||||||||
| - Others | 139 | 0.1 | 664 | 0.5 | 525 | 377.7 | ||||||||||||||||||
| Automotive Insurance Related Services | 2,872 | 2.6 | 350 | 0.3 | (2,522) | (87.8) | ||||||||||||||||||
| -Value-added maintenance services | 2,357 | 2.1 | 285 | 0.2 | (2,072) | (87.9) | ||||||||||||||||||
| - Claim and repair services | 515 | 0.5 | 65 | 0.1 | (450) | (87.4) | ||||||||||||||||||
| - Insurance intermediation service | - | - | - | - | - | - | ||||||||||||||||||
| Total cost of revenues | 113,045 | 100.0 | 123,484 | 100.0 | 10,439 | 9.2 | ||||||||||||||||||
| As of September 30, | ||||||||||
| 2023 | 2024 | |||||||||
| Related parties | Nature | |||||||||
| Changsha Tongjie (3) | Loan to related party | $ | 1,018 | $ | 1,058 | |||||
| Mr. Yufeng Bai (3) | Loan to related party | 284 | 295 | |||||||
| Beijing Qichuang | Loan to related party | 154 | 89 | |||||||
| Others | Others | 295 | 254 | |||||||
| Total | $ | 1,751 | $ | 1,696 | ||||||
| Less: allowance of credit losses (4) | (1,348) | (1,402) | ||||||||
| Amounts due from related parties, net | $ | 403 | $ | 294 | ||||||
| 2023 | 2024 | |||||||
| As of September 30, | ||||||||
| 2023 | 2024 | |||||||
| Auto parts and auto accessories | $ | 584 | $ | 3,270 | ||||
| New cars | 305 | - | ||||||
| Total | $ | 889 | $ | 3,270 | ||||
| Redeemable principal interests | Redeemable non-controlling interests | |||||||
| Balance as of September 30, 2021 | $ | 108,302 | $ | 33,754 | ||||
| Issuance of mezzanine equity | 3,815 | - | ||||||
| Attribution of net loss | (88) | (10) | ||||||
| Accretion of mezzanine equity | 10,675 | 2,519 | ||||||
| Reclassification of mezzanine equity to permanent equity | - | (20,325) | ||||||
| Foreign exchange impact | (11,336) | (1,776) | ||||||
| Balance as of September 30, 2022 | $ | 111,368 | $ | 14,162 | ||||
| Attribution of net loss | (150) | (12) | ||||||
| Accretion of mezzanine equity | 10,782 | 805 | ||||||
| Reclassification of mezzanine equity to payable to redeemable non-controlling interests | - | (15,077) | ||||||
| Foreign exchange impact | (3,140) | 122 | ||||||
| Balance as of September 30, 2023 | $ | 118,860 | $ | - | ||||
| Attribution of net loss | (153) | - | ||||||
| Accretion of mezzanine equity | 10,300 | - | ||||||
| Extinguishment on redeemable principal interests | (131,308) | - | ||||||
| Foreign exchange impact | 2,301 | - | ||||||
| Balance as of September 30, 2024 | - | - | ||||||
| 2022 | 2023 | 2024 | ||||||||||
| For the years ended September 30, | ||||||||||||
| 2022 | 2023 | 2024 | ||||||||||
| Current income tax expense | $ | - | $ | - | $ | - | ||||||
| Deferred income tax expense | - | - | - | |||||||||
| Total income tax expense | $ | - | $ | - | $ | - | ||||||
