$HCIL

PACIFIC WEBWORKS INC

CIK:0001086303|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2025	Dec. 31, 2024
Income Statement [Abstract]
Revenue	$ 4,017,635	$ 46,392	$ 11,332,476	$ 2,848,898
Cost of revenue	(3,298,793)	(15,655)	(9,392,782)	(2,666,993)
Gross profit	718,842	30,737	1,939,694	181,905
Sales and marketing expenses	(1,257)		(3,862)	(1,508)
General and administrative expenses	(376,875)	(234,561)	(805,497)	(458,577)
Intangible asset impairment charge		(2,837)		(2,837)
Total operating expenses	(378,132)	(237,398)	(809,359)	(462,922)
Operating income (loss)	340,710	(206,661)	1,130,335	(281,017)
Interest (expense) income	(17,931)	73	(38,088)	695
Loss on disposal of unconsolidated entities	(182)		(18,093)
Other income	7,389		27,129	1,166
Other expenses	(2,503)	(113,537)	(2,984)	(113,545)
Income (loss) before income taxes	327,483	(320,125)	1,098,299	(392,701)
Income tax benefit (expense)	(23,214)	10,723	(95,841)	16,877
Net income (loss)	304,269	(309,402)	1,002,458	(375,824)
Other comprehensive income (loss) net of tax:
Foreign currency translation difference net of tax	798,273	(1,629,427)	1,624,997	(426,670)
Total comprehensive income (loss)	1,102,542	(1,938,829)	2,627,455	(802,494)
Less: comprehensive income (loss) attributable to non-controlling interest	244,092	(54,995)	595,775	5,863
Comprehensive income (loss) attributable to Hongchang International Co., Ltd’s stockholders	$ 858,450	$ (1,883,834)	$ 2,031,680	$ (808,357)
Earnings (Losses) per share:
Common stock - basic (in Dollars per share)	$ 0.0006	$ (0.0006)	$ 0.0019	$ (0.0007)
Common stock - diluted (in Dollars per share)	$ 0.0006	$ (0.0006)	$ 0.0019	$ (0.0007)
Weighted average shares outstanding used in calculating basic and diluted loss per share:
Common stock - basic (in Shares)	518,831,367	518,831,367	518,831,367	518,831,367
Common stock - diluted (in Shares)	518,831,367	518,831,367	518,831,367	518,831,367

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 1,002,458	$ (375,824)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	584,459	68,447
Intangible asset impairment charge		2,837
Gain (Loss) on disposal of subsidiary	18,093	(10)
Deferred tax benefit	(20,356)	(16,877)
Changes in operating assets and liabilities:
Accounts receivable	(3,405,886)	(52,484)
Amount due from a related party		(38,912)
Inventories	(11,698)	99
Advances to suppliers	177,798	(18,280)
Other receivables	(302,078)	(2,395)
Other current assets	88,205	190,612
Other non-current assets		(13,897)
Accounts payable	1,396,004	2,612
Deferred offering cost	(201,988)
Accrued expenses and other payables	58,149	(172,266)
Advance from customers		258
Deferred subsidies	(24,458)
Net cash used in operating activities	(641,298)	(426,080)
CASH FLOWS FROM INVESTING ACTIVITIES
Prepayment for acquisition of businesses		(567,005)
Purchases of property and equipment	(856,928)	(4,807,365)
Cash disposed on disposal of a subsidiary		(131)
Repayments from a third party		(5,381)
Net cash used in investing activities	(856,928)	(5,379,882)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long term loans	1,117,491	879,132
Repayments of long-term payables	(390,843)
Repayments to related parties	(3,340,725)	(4,487,545)
Proceeds from loans from related parties	4,155,104	8,760,288
Net cash provided by financing activities	1,541,027	5,151,875
Effect of exchange rate changes	24,035	(389)
Net increase (decrease) in cash	66,836	(654,476)
Cash and Restricted cash at beginning of period	710,901	895,074
Cash and Restricted cash at end of period	777,737	240,598
Supplemental disclosure of cash flow information
Interest paid	262,266	246,422
Cash paid for income tax	534	4,635
Interest capitalized	306,584	259,254
Accrued but unpaid interest capitalized in construction-in-progress	$ 44,318	$ 12,832

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Mar. 31, 2025
Current assets:
Cash and cash equivalents	$ 551,778	$ 493,201
Restricted cash	225,959	217,700
Accounts receivable	5,850,090	2,278,878
Other receivables	915,613	74,693
Inventories, net	49,536	36,206
Advances to suppliers		175,389
Other current assets	587,387	653,616
Total current assets	8,180,363	3,929,683
Non-current assets:
Property and equipment, net	27,862,228	27,139,534
Construction-in-progress	18,166,029	16,832,470
Intangible assets, net
Land use rights, net	4,079,607	3,998,567
Equity-method investments		527,684
Deferred offering cost	201,988
Deferred tax assets	124,295	104,217
Other non-current assets	7,268,692	7,005,938
Total non-current assets	57,702,839	55,608,410
Total assets	65,883,202	59,538,093
Current liabilities:
Long-term loans-current portion	267,492	378,026
Short-term loan	857,769
Accounts payable	3,773,190	2,263,805
Accounts payable - construction in progress	15,803	13,639
Advances from customers	266	256
Accrued expenses and other liabilities	929,979	841,789
Total current liabilities	9,679,701	6,447,590
Non-current liabilities
Deferred subsidies	1,983,019	1,935,462
Long term loans	6,866,971	6,556,390
Deferred tax liabilities	3,299	7,675
Total non-current liabilities	12,498,807	12,013,264
Total liabilities	22,178,508	18,460,854
Commitments and contingencies
Stockholders’ equity:
Common stock (US$0.001 par value; 2,000,000,000 shares authorized; 518,831,367 and 518,831,367 issued and outstanding as of December 31, 2025 and March 31, 2025, respectively)	518,831	518,831
Additional paid-in capital	39,905,228	39,905,228
Statutory reserves	1,197	1,197
Retained earnings (Accumulated deficit)	388,860	(31,672)
Accumulated other comprehensive income (loss)	1,479,748	(131,400)
Total Hongchang International Co., Ltd’s stockholders’ equity	42,293,864	40,262,184
Non-controlling interests	1,410,830	815,055
Total equity	43,704,694	41,077,239
Total liabilities and equity	65,883,202	59,538,093
Related Party
Current liabilities:
Amounts due to related parties-current portion	3,835,202	2,950,075
Non-current liabilities
Amounts due to related parties	$ 3,645,518	$ 3,513,737