$LBGJ

Li Bang International Corp Inc.

CIK:0001896425|SEC Filings

Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income - USD ($)	12 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Total revenues	$ 11,106,078	$ 10,794,015	$ 14,004,548
Cost of revenues	(7,857,589)	(8,086,367)	(8,246,591)
Gross profit	3,248,489	2,707,648	5,757,957
Operating expenses:
Selling and marketing	742,029	831,252	650,268
General and administrative	2,867,091	2,509,143	2,646,569
Provision for expected credit losses	995,725	1,084,649	1,213,483
Total operating expenses	4,604,845	4,425,044	4,510,320
(Loss) income from operations	(1,356,356)	(1,717,396)	1,247,637
Other income (expenses):
Interest expense	(403,231)	(430,639)	(375,445)
Other income (expenses), net	717,759	586,428	(5,461)
Total other income (expenses), net	314,528	155,789	(380,906)
(Loss) income before provision for income taxes	(1,041,828)	(1,561,607)	866,731
Income tax (benefit) expense	(26,249)	(187,720)	252,611
Net (loss) income	(1,015,579)	(1,373,887)	614,120
Less: net loss attributable to non-controlling interests	(2,004)	(2,746)	(2,698)
Net (loss) income attributable to ordinary shareholders	(1,013,575)	(1,371,141)	616,818
Comprehensive (loss) income
Net (loss) income	(1,015,579)	(1,373,887)	614,120
Foreign currency translation (loss) gain	(19,923)	79,844	(417,717)
Total comprehensive (loss) income	(1,035,502)	(1,294,043)	196,403
Comprehensive (loss) income attributable to non-controlling interests	(1,730)	(3,558)	1,677
Comprehensive (loss) income attributable to ordinary shareholders	$ (1,033,772)	$ (1,290,485)	$ 194,726
(Loss) earnings per ordinary share
Basic (in Dollars per share)	$ (0.06)	$ (0.08)	$ 0.04
Diluted (in Dollars per share)	$ (0.06)	$ (0.08)	$ 0.04
Weighted average number of ordinary shares outstanding
Basic (in Shares)	18,183,518	17,000,000	17,000,000
Diluted (in Shares)	18,183,518	17,000,000	17,000,000
Project revenues
Revenues:
Total revenues	$ 10,645,337	$ 10,426,039	$ 13,581,021
Retail revenues
Revenues:
Total revenues	$ 460,741	$ 367,976	$ 423,527

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net (loss) income	$ (1,015,579)	$ (1,373,887)	$ 614,120
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	426,992	460,720	498,650
(Gain) loss on disposal of property and equipment	(15,400)	(14,839)	547
Provision for expected credit losses	995,725	1,084,649	1,213,483
Deferred tax benefit	(159,153)	(93,655)	(223,230)
Changes in operating assets and liabilities:
Accounts receivable	(738,705)	(391,851)	(5,049,769)
Notes receivable	142,013	(172,208)	14,694
Advances to suppliers	65,524	(201,638)	(299,526)
Inventories	228,794	(182,119)	460,389
Due from related parties			297,666
Prepaid expenses and other current assets	(181,905)	35,262	(195,641)
Accounts payable	(598,063)	273,650	1,054,719
Advances from customers	(95,754)	(16,578)	294,836
Taxes payable	6,787	(102,435)	639,275
Due to related parties	79,486	(26,077)	85,253
Other payables and other current liabilities	(67,429)	74,527	(39,880)
Net cash used in operating activities	(926,667)	(646,479)	(634,414)
Cash flows from investing activities:
Loans to third parties	(4,515,050)
Purchases of property and equipment	(273,823)	(104,523)	(175,962)
Proceeds from disposal of property and equipment	25,556	17,334	144
Refund of the land use right payment	1,396,668
Purchases of fixed deposits			(2,737,161)
Net cash used in investing activities	(3,366,649)	(87,189)	(2,912,979)
Cash flows from financing activities:
Proceeds from loans	8,393,972	7,969,044	14,461,012
Repayments of loans	(8,435,872)	(7,422,258)	(10,425,427)
Payment of offering costs	(188,119)	(127,300)	(91,238)
Net proceeds from initial public offering	5,368,773
Net cash provided by financing activities	5,138,754	419,486	3,944,347
Effect of foreign exchange rate on cash	(80)	7,262	(27,857)
Net increase (decrease) in cash and restricted cash	845,358	(306,920)	369,097
Cash and restricted cash at the beginning of the year	234,207	541,127	172,030
Cash and restricted cash at the end of the year	1,079,565	234,207	541,127
Reconciliation of cash and restricted cash
Cash	933,826	153,914	76,019
Restricted cash	145,739	80,293	465,108
Total cash and restricted cash shown in the statements of cash flows	1,079,565	234,207	541,127
Supplemental disclosures of cash flow information:
Interest paid	400,617	425,736	375,286
Income taxes paid	53,646	59	167,010
Non-cash transactions:
Reclassification of deferred offering cost	$ 585,755

Consolidated Balance Sheets - USD ($)	Jun. 30, 2025	Jun. 30, 2024
Current Assets:
Cash	$ 933,826	$ 153,914
Restricted cash	145,739	80,293
Fixed deposits	2,654,150
Accounts receivable, net	12,280,554	12,286,665
Notes receivable	29,544	172,348
Advances to suppliers, net	781,590	991,518
Inventories	1,513,758	1,750,369
Loans receivable	1,000,000
Prepaid expenses and other current assets, net	600,927	283,061
Total current assets	19,940,088	15,718,168
Non-current assets:
Fixed deposits		2,665,993
Non-current accounts receivable	517,810	670,146
Non-current loans receivable	3,515,050
Prepayment for land use rights		1,403,154
Deferred offering costs		588,013
Property and equipment, net	2,633,046	2,790,891
Intangible assets, net	522,560	539,925
Deferred tax assets, net	690,158	533,345
Other non-current assets	15,779	169,933
Total non-current assets	7,894,403	9,361,400
Total Assets	27,834,491	25,079,568
Current Liabilities:
Short-term loans	7,501,467	6,857,415
Accounts payable	4,075,878	4,694,905
Advances from customers	926,830	1,027,164
Taxes payable	3,268,416	3,273,227
Due to related parties	210,490	131,574
Other payables and other current liabilities	963,789	1,033,729
Total current liabilities	16,946,870	17,018,014
Non-current Liabilities:
Long-term loans	3,073,227	3,806,557
Total non-current liabilities	3,073,227	3,806,557
Total Liabilities	20,020,097	20,824,571
Commitments and Contingencies
Equity:
Ordinary shares (par value $0.0001 per share, 500,000,000 shares authorized, 18,748,000 and 17,000,000 shares issued and outstanding as of June 30, 2025 and 2024, respectively)	1,875	1,700
Subscription receivable	(1,699)	(1,699)
Additional paid-in capital	6,831,401	2,236,677
Statutory reserves	800,096	755,100
Retained earnings	525,406	1,583,977
Accumulated other comprehensive loss	(279,104)	(258,907)
Total shareholders’ equity of the Company	7,877,975	4,316,848
Non-controlling interests	(63,581)	(61,851)
Total Equity	7,814,394	4,254,997
Total Liabilities and Equity	$ 27,834,491	$ 25,079,568