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Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Sep. 30, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 245,908 $ 22,447,145
Advances to suppliers and other current assets 14,433,069 1,987,750
Other receivables 57,723 52,370
TOTAL CURRENT ASSETS 14,736,700 24,487,265
Property, plant and equipment, net 32,321,643 27,782,087
Right-of-use assets 6,151,204 6,648,370
Other non-current assets 29,017,886 14,167,421
TOTAL NON-CURRENT ASSETS 67,490,733 48,597,878
TOTAL ASSETS 82,227,433 73,085,143
CURRENT LIABILITIES    
Accounts payable 4,259,820
Accrued expenses and other payables 3,037,092 3,119,562
Tax payable 1,012,103 2,736,145
Advances from customers 5,732,349 9,645,494
Loan payables 139,280 140,849
Lease liability-current 346,005 427,855
TOTAL CURRENT LIABILITIES 14,526,649 16,069,905
NON-CURRENT LIABILITIES    
Lease liability-non-current 5,805,199 6,220,515
Other non-current liabilities 237,472 282,402
Amount due to related party 607,355 904,965
TOTAL NON-CURRENT LIABILITIES 6,650,026 7,407,882
TOTAL LIABILITIES 21,176,675 23,477,787
STOCKHOLDERS’ EQUITY    
Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 51,750,000 shares and 50,000,000 shares issued as of September 30, 2023 and 2022, respectively 5,175 5,000
Additional paid-in capital 9,652,412 3,372,733
Retained earnings 55,559,561 49,099,917
Accumulated other comprehensive loss (4,166,390) (2,870,294)
Total stockholders’ equity 61,050,758 49,607,356
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 82,227,433 $ 73,085,143