Neo-Concept International Group Holdings Ltd【NCI】
| Dec 31,
2023 | Dec 31,
2024 |
|---|
| NET INCOME | 565,202 | 1 |
|---|
| Depreciation of property and equipment | - | 88,217 |
|---|
| Amortization of intangible assets | - | 190,756 |
|---|
| Inventory provision | 8,774 | 3,036 |
|---|
| Provision for expected credit loss | 177,101 | 161,356 |
|---|
| Deferred tax expense | - | 91,833 |
|---|
| Accounts receivable | 3 | 396,441 |
|---|
| Prepayment and other current assets | 2 | 2 |
|---|
| Tax recoverable | - | 128,088 |
|---|
| Inventories | 523,479 | -216,254 |
|---|
| Accounts payable | -1,335,306 | - |
|---|
| Accruals and other payables | - | 526,168 |
|---|
| Tax payable | -508,150 | -70,027 |
|---|
| Cash (used in) generated from operating activities | -6,302,136 | 55,131 |
|---|
| Purchase of property and equipment | 163,342 | 533,487 |
|---|
| Purchase of intangible assets | - | 2 |
|---|
| Cash used in investing activities | -163,342 | -2,467,545 |
|---|
| Proceeds from bank borrowings | 15 | 29 |
|---|
| Repayment for bank borrowings | 22 | 29 |
|---|
| Proceeds from initial public offerings | - | 8 |
|---|
| Repayment to related parties | - | 5 |
|---|
| Repayment from related parties | 2 | - |
|---|
| Advance from related parties | 11 | - |
|---|
| Cash generated from financing activities | 6 | 3 |
|---|
| Net increase (decrease) in cash and cash equivalents | -378,265 | 405,810 |
|---|
| Effect of foreign currency translation on cash and cash equivalents | - | 21,178 |
|---|
| Interest received | - | 4,114 |
|---|
| Interest paid | - | 426,679 |
|---|
| Tax paid | -424,359 | 243,024 |
|---|
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 3 | 3 |
|---|