Shengda Network Technology, Inc. (SDWL) Financial Statements (2024 and earlier)

Company Profile

Business Address FLOOR6, BUILDING 6
JINHUA CITY, ZHEJIANG PROVINCE, 322000
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4061444,27117
Cash and cash equivalents 4061444,27117
Receivables 4,3557,379  
Inventory, net of allowances, customer advances and progress billings 99   
Inventory 99   
Prepaid expense   4 
Other undisclosed current assets 2,0501,641  
Total current assets: 6,9099,1644,27517
Noncurrent Assets
Operating lease, right-of-use asset 33 
Property, plant and equipment 5169  
Other undisclosed noncurrent assets 5,922   
Total noncurrent assets: 5,97771  
TOTAL ASSETS: 12,8869,2354,27517
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 304527525
Taxes payable  3 
Accounts payable 137527475
Accrued liabilities   3 
Other undisclosed accounts payable and accrued liabilities 166   
Deferred revenue  313,973
Due to related parties  202015
Other undisclosed current liabilities 158103  
Total current liabilities: 4616814,04520
Noncurrent Liabilities
Other undisclosed liabilities   327 
Total liabilities: 4616814,37220
Equity
Equity, attributable to parent 12,4248,554(96)(3)
Preferred stock 00  
Common stock 141477
Additional paid in capital 10,53610,5161618
Accumulated other comprehensive income (loss) 347821(40) 
Retained earnings (accumulated deficit) 1,527(2,796)(80)(27)
Equity, attributable to noncontrolling interest 1   
Other undisclosed equity   (0) 
Total equity: 12,4258,554(96)(3)
TOTAL LIABILITIES AND EQUITY: 12,8869,2354,27517

Income Statement (P&L) ($ in thousands)

9/30/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues 3,9579,4892542
Revenue from related parties 9205,278254 
Cost of revenue (3,579)(7,829)(214) 
Gross profit: 3781,660402
Operating expenses (458)(4,020)(97)(27)
Other undisclosed operating income    4
Operating loss: (80)(2,360)(57)(21)
Nonoperating income 4,621200 
Investment income, nonoperating 765210 
Interest and debt expense (0)(0)  
Income (loss) from continuing operations before equity method investments, income taxes: 4,541(2,340)(57)(21)
Other undisclosed income from continuing operations before income taxes 00  
Income (loss) from continuing operations before income taxes: 4,541(2,340)(57)(21)
Income tax expense (217)(376)  
Other undisclosed loss from continuing operations    (4)
Income (loss) from continuing operations: 4,325(2,716)(57)(26)
Income (loss) before gain (loss) on sale of properties:4,325(2,716)(57)(26)
Net income (loss): 4,325(2,716)(57)(26)
Net loss attributable to noncontrolling interest (1)   
Net income (loss) available to common stockholders, diluted: 4,324(2,716)(57)(26)

Comprehensive Income ($ in thousands)

9/30/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss): 4,325(2,716)(57)(26)
Other undisclosed comprehensive loss (474)   
Comprehensive income (loss): 3,851(2,716)(57)(26)
Comprehensive income, net of tax, attributable to noncontrolling interest 0   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  860(40) 
Comprehensive income (loss), net of tax, attributable to parent: 3,851(1,856)(97)(26)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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