NANPING, China, Feb. 15,
2024 /PRNewswire/ -- Golden Heaven Group
Holdings Ltd. (the "Company" or "Golden
Heaven") (Nasdaq: GDHG), an amusement park operator in
China, today announced its
financial results for the fiscal year ended September 30, 2023.
Ms. Qiong Jin, the CEO and
Chairman of the Company, commented, "This 2023 fiscal year marked a
period of resilience for the Company. Our parks experienced
decreases in park attendance, mainly due to facility safety
maintenance from June 2023 to
September 2023, which had a notable
impact on our immediate financial performance. Despite such
challenges, we pursued collaborations with major amusement parks in
China. We believe that our
successful listing on Nasdaq in April
2023 helped us to accelerate our market expansion in
China. Looking forward, we will
strive to satisfy customers' entertainment needs and enhance our
reputation. We are also dedicated to expanding our presence in the
industry and unlocking value for all our stakeholders."
Fiscal Year 2023 Financial Highlights
- Total revenue was $31.8 million
in fiscal year 2023, compared to $41.8
million in fiscal year 2022.
- Gross profit was $19.3 million in
fiscal year 2023, compared to $30.2
million in fiscal year 2022. Gross margin was 60.76% in
fiscal year 2023, compared to 72.19% in fiscal year 2022.
- Income from operations was $10.7
million in fiscal year 2023, compared to $21.2 million in fiscal year 2022.
- Net income was $6.5 million in
fiscal year 2023, compared to $14.3
million in fiscal year 2022.
- Earnings per share was $0.13 in
fiscal year 2023, compared to $0.29
in fiscal year 2022.
Fiscal Year 2023 Financial Results
Revenue
|
|
For the Year
Ended
September 30, 2023
|
|
For the Year
Ended
September 30, 2022
|
|
|
|
USD
|
|
%
|
|
USD
|
|
%
|
|
|
Sales of
in-park recreation
|
|
|
30,115,995
|
|
94.74 %
|
|
|
$
|
39,377,906
|
|
94.23
|
%
|
|
|
Rental
income
|
|
|
1,514,697
|
|
4.77 %
|
|
|
|
1,089,435
|
|
2.61
|
%
|
|
|
Park
service fees
|
|
|
156,110
|
|
0.49 %
|
|
|
|
1,320,855
|
|
3.16
|
%
|
|
|
Total
revenue
|
|
|
31,786,802
|
|
100.00 %
|
|
|
|
41,788,196
|
|
100.00
|
%
|
|
Our revenue was derived from sales of in-park recreation, rental
income, and park service fees. The total revenue was $31.8 million in fiscal year 2023, decreased by
23.93% from $41.8 million in fiscal
year 2022. Such decrease was primarily attributable to the decrease
in sales of in-park recreation and park service fees.
Our revenue from each of our revenue segments is summarized as
follows:
For fiscal year 2023:
|
(USD)
|
|
Sales of in-park
recreation
|
|
Rental
income
|
|
Park service
fees
|
|
Total
|
|
Reportable segment
revenue
|
|
$
|
30,115,995
|
|
|
$
|
1,514,697
|
|
|
$
|
156,110
|
|
|
$
|
31,786,802
|
|
|
Inter-segment
loss
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
Revenue from external
customers
|
|
|
30,115,995
|
|
|
|
1,514,697
|
|
|
|
156,110
|
|
|
|
31,786,802
|
|
|
Segment gross
profit
|
|
$
|
17,642,945
|
|
|
$
|
1,514,697
|
|
|
$
|
156,110
|
|
|
$
|
19,313,752
|
|
|
Gross margin
|
|
|
58.58
|
%
|
|
|
100
|
%
|
|
|
100
|
%
|
|
|
60.76
|
%
|
For fiscal year 2022:
|
(USD)
|
|
Sales of
in-park recreation
|
|
Rental
income
|
|
Park service
fees
|
|
Total
|
|
Reportable segment
revenue
|
|
$
|
39,377,906
|
|
|
$
|
1,089,435
|
|
|
$
|
1,320,855
|
|
|
$
|
41,788,196
|
|
|
Inter-segment
loss
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Revenue from external
customers
|
|
|
39,377,906
|
|
|
|
1,089,435
|
|
|
|
1,320,855
|
|
|
|
41,788,196
|
|
|
Segment gross
profit
|
|
$
|
27,755,558
|
|
|
$
|
1,089,435
|
|
|
$
|
1,320,855
|
|
|
$
|
30,165,848
|
|
|
Gross margin
|
|
|
70.49
|
%
|
|
|
100
|
%
|
|
|
100
|
%
|
|
|
72.19
|
%
|
Sales of in-park recreation
Revenue from sales of in-park recreation was $30.1 million in fiscal year 2023, decreased by
23.52% from $39.4 million in fiscal
year 2022. This decrease was mainly because (i) Mangshi Jinsheng
Amusement Park was initially closed for electrical maintenance from
November 2022 to April 2023, and (ii) all of the other parks
experienced decreases in park attendance due to facility safety
maintenance from June 2023 to
September 2023.
Rental income
Revenue from rental income was $1.5 million in fiscal year
2023, increased by 39.04% from $1.1
million in fiscal year 2022. Such change was primarily
attributable to (i) the rental payment from the Children's Castle
project, which started to generate revenue in Yueyang Amusement
World on October 1, 2022; and (2) the
rental payment from the electricity-free park attractions, which
started to generate revenue in Tongling West Lake Amusement World
on May 1, 2023.
Park service fees
Revenue from park service fees was $0.2
million in fiscal year 2023, decreased from $1.3 million in fiscal year 2022. Park service
fees decreased mainly because a fewer number of gourmet festivals
and circus performances were held in the parks. Some of the special
events held in the 2022 fiscal year were organized by the local
government to help the business during the COVID-19 pandemic, and
there was less of such government help in the fiscal year of
2023.
Cost of Revenue
Cost of revenue was $12.5 million
in fiscal year 2023, increased by 7.32% from $11.6 million in fiscal year 2022. The increase
in cost of revenue was mainly due to the increased facility safety
maintenance fees.
Gross Profit
Gross profit was $19.3 million in
fiscal year 2023, decreased by 35.97% from $30.2 million in fiscal year 2022.
Gross profit margin was 60.76% in fiscal year 2023,
decreased from 72.19% in fiscal year 2022.
Operating Expenses
Total operating expenses were $8.6
million in fiscal year 2023, decreased by 4.28% from
$9.0 million in fiscal year 2022.
This decrease was mainly attributable to (i) an increase of
$0.83 million in general and
administrative expenses, or G&A expenses, and (ii) a decrease
of $1.22 million in selling
expenses.
The $0.83 million increase in
G&A expenses was primarily attributable to an increase in
consulting fees (including brokerage fees and lawyer fees, etc.),
in connection with our initial public offering.
The $1.22 million decrease in
selling expenses was primarily attributable to a decrease in
advertising fees.
Income Tax Expense
Income tax expense was $4.2
million in fiscal year 2023, decreased by 33.17% from
$6.3 million in fiscal year 2022. We
are subject to the standard income tax rate of 25% under the PRC
tax laws.
Net Income
Net income was $6.5 million in
fiscal year 2023, decreased by 54.29% from $14.3 million in fiscal year 2022.
Cash and Cash Equivalents
As of September 30, 2023, our cash
and cash equivalents amounted to $0.2
million, compared to cash and cash equivalents of
$22.4 million as of September 30, 2022.
About Golden Heaven Group Holdings Ltd.
Golden Heaven Group Holdings Ltd. manages and operates six
properties consisting of amusement parks, water parks, and
complementary recreational facilities. With approximately 426,560
square meters of land in the aggregate, these parks are located in
geographically diverse markets across the south of China and collectively offer approximately 139
rides and attractions. Due to the geographical locations of the
parks and the ease of travel, the parks are easily accessible to an
aggregate population of approximately 21 million people. Since
September 30, 2023, Mangshi Jinsheng
Amusement Park, which is one of the six parks, has been temporarily
closed. The parks provide a wide range of exciting and entertaining
experiences, including thrilling rides, family-friendly
attractions, water attractions, gourmet festivals, circus
performances, and high-tech facilities. For more information,
please visit the Company's website at https://ir.jsyoule.com/.
Forward-Looking Statements
This press release contains "forward-looking statements".
Forward-looking statements reflect our current view about future
events. These forward-looking statements involve known and unknown
risks and uncertainties and are based on the Company's current
expectations and projections about future events that the Company
believes may affect its financial condition, results of operations,
business strategy and financial needs. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "could," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "is/are likely to," "propose,"
"potential," "continue" or similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please contact:
Golden Heaven Group Holdings Ltd.
Email:
group@jsyoule.com
Ascent Investor Relations LLC
Phone:
+1-646-932-7242
Email: investors@ascent-ir.com
|
GOLDEN HEAVEN GROUP
HOLDING LTD.
|
|
CONSOLIDATED BALANCE
SHEETS
|
|
|
|
September 30, 2023
|
|
|
September 30, 2022
|
|
|
ASSETS
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
Golden Heaven Group
Holdings Ltd., 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
|
|
|
GOLDEN HEAVEN GROUP
HOLDING LTD.
|
|
CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(LOSS)
|
|
|
|
For the Fiscal Year Ended
|
|
|
|
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
Revenue
|
|
$
|
31,786,802
|
|
|
$
|
41,788,196
|
|
|
$
|
38,517,742
|
|
|
Cost of
revenue
|
|
|
12,473,050
|
|
|
|
11,622,348
|
|
|
|
11,687,156
|
|
|
Gross profit
|
|
|
19,313,752
|
|
|
|
30,165,848
|
|
|
|
26,830,586
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General and
administrative expenses
|
|
|
4,900,269
|
|
|
|
4,066,178
|
|
|
|
2,509,090
|
|
|
Selling
expenses
|
|
|
3,688,104
|
|
|
|
4,906,579
|
|
|
|
5,601,274
|
|
|
Total operating
expenses
|
|
|
8,588,373
|
|
|
|
8,972,757
|
|
|
|
8,110,364
|
|
|
Income from
operations
|
|
|
10,725,379
|
|
|
|
21,193,091
|
|
|
|
18,720,222
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income
(expenses)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
income
|
|
|
74,553
|
|
|
|
42,320
|
|
|
|
64,320
|
|
|
Interest
expenses
|
|
|
(6,008)
|
|
|
|
(6,162)
|
|
|
|
(4,583)
|
|
|
Loss on disposal of
property, plant and equipment
|
|
|
(156,072)
|
|
|
|
(521,189)
|
|
|
|
(473,596)
|
|
|
Other income
(expenses), net
|
|
|
151,771
|
|
|
|
(34,723)
|
|
|
|
5,815
|
|
|
Total other income
(expenses), net
|
|
|
64,244
|
|
|
|
(519,754)
|
|
|
|
(408,044)
|
|
|
Income before income
tax
|
|
|
10,789,623
|
|
|
|
20,673,337
|
|
|
|
18,312,178
|
|
|
Income tax
expense
|
|
|
(4,240,039)
|
|
|
|
(6,344,963)
|
|
|
|
(4,731,803)
|
|
|
Net
income
|
|
$
|
6,549,584
|
|
|
$
|
14,328,374
|
|
|
|
13,580,375
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive
income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
6,549,584
|
|
|
$
|
14,328,374
|
|
|
|
13,580,375
|
|
|
Foreign currency
translation
|
|
|
(1,296,096)
|
|
|
|
(4,514,705)
|
|
|
|
1,288,049
|
|
|
Comprehensive
income
|
|
|
5,253,488
|
|
|
|
9,813,669
|
|
|
|
14,868,424
|
|
|
Basic &
diluted earnings per share
|
|
$
|
0.13
|
|
|
$
|
0.29
|
|
|
$
|
0.14
|
|
|
Basic &
diluted weighted average number of ordinary shares
|
|
|
50,810,274
|
|
|
|
50,000,000
|
|
|
|
100,000,000
|
|
GOLDEN HEAVEN GROUP HOLDING LTD.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
The Fiscal Years ended September 30,
2022
|
|
Ordinary
shares
|
|
|
Statutory
|
|
|
Retained
|
|
|
Accumulative
other
comprehensive
|
|
|
|
|
|
|
Shares
|
|
|
Amount
|
|
|
reserve
|
|
|
earnings
|
|
|
income
|
|
|
Total
|
|
|
Balance at
September 30,
2021
|
|
|
100,000,000
|
|
|
$
|
10,000
|
|
|
$
|
3,009,476
|
|
|
$
|
35,134,800
|
|
|
$
|
1,644,411
|
|
|
$
|
39,798,687
|
|
|
Shares cancelled by
cash refund
|
|
|
(50,000,000)
|
|
|
|
(5,000)
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
(5,000)
|
|
|
Net income
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
14,328,374
|
|
|
|
—
|
|
|
|
14,328,374
|
|
|
Statutory
reserve
|
|
|
—
|
|
|
|
—
|
|
|
|
363,257
|
|
|
|
(363,257)
|
|
|
|
—
|
|
|
|
—
|
|
|
Foreign currency
translation
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
(4,514,705)
|
|
|
|
(4,514,705)
|
|
|
Balance at
September 30,
2022
|
|
|
50,000,000
|
|
|
$
|
5,000
|
|
|
$
|
3,372,733
|
|
|
$
|
49,099,917
|
|
|
$
|
(2,870,294)
|
|
|
$
|
49,607,356
|
|
The Fiscal Years ended September 30,
2023
|
|
Ordinary
shares
|
|
|
Statutory
|
|
|
Additional
paid-in
|
|
|
Retained
|
|
|
Accumulative
other
comprehensive
|
|
|
|
|
|
|
Shares
|
|
|
Amount
|
|
|
reserve
|
|
|
capital
|
|
|
earnings
|
|
|
income
|
|
|
Total
|
|
|
Balance at
September 30,
2022
|
|
|
50,000,000
|
|
|
$
|
5,000
|
|
|
|
3,372,733
|
|
|
$
|
—
|
|
|
$
|
49,099,917
|
|
|
$
|
(2,870,294)
|
|
|
$
|
49,607,356
|
|
|
Issuance of
ordinary
shares-cash
|
|
|
1,750,000
|
|
|
|
175
|
|
|
|
—
|
|
|
|
6,189,739
|
|
|
|
—
|
|
|
|
—
|
|
|
|
6,189,914
|
|
|
Net income
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
6,549,584
|
|
|
|
—
|
|
|
|
6,549,584
|
|
|
Statutory
reserve
|
|
|
—
|
|
|
|
—
|
|
|
|
89,940
|
|
|
|
—
|
|
|
|
(89,940)
|
|
|
|
—
|
|
|
|
—
|
|
|
Foreign currency
translation
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
(1,296,096)
|
|
|
|
(1,296,096)
|
|
|
Balance at
September 30,
2023
|
|
|
51,750,000
|
|
|
$
|
5,175
|
|
|
|
3,462,673
|
|
|
$
|
6,189,739
|
|
|
$
|
55,559,561
|
|
|
$
|
(4,166,390)
|
|
|
$
|
61,050,758
|
|
|
GOLDEN HEAVEN GROUP
HOLDING LTD.
|
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
|
|
|
For the Fiscal Year Ended
|
|
|
|
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
CASH FLOWS FROM
OPERATING ACTIVITIES
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
6,549,584
|
|
|
$
|
14,328,374
|
|
|
$
|
13,580,375
|
|
|
Adjustments to
reconcile net income to net cash provided
by operating activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
|
|
3,366,804
|
|
|
|
3,196,715
|
|
|
|
3,299,874
|
|
|
Loss on disposal of
property, plant and equipment
|
|
|
156,072
|
|
|
|
521,189
|
|
|
|
473,596
|
|
|
Changes in operating
assets and liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
receivables
|
|
|
(6,044)
|
|
|
|
(7,063)
|
|
|
|
19,377
|
|
|
Other current
assets
|
|
|
(27,973,193)
|
|
|
|
1,005,523
|
|
|
|
(14,519,791)
|
|
|
Accounts
payable
|
|
|
4,259,820
|
|
|
|
—
|
|
|
|
(866,494)
|
|
|
Accrued expenses and
other payables
|
|
|
(1,821,122)
|
|
|
|
579,597
|
|
|
|
(388,806)
|
|
|
Advances from
customers
|
|
|
(3,874,566)
|
|
|
|
(806,737)
|
|
|
|
(6,560,028)
|
|
|
Net cash (used in)
provided by operating activities
|
|
|
(19,342,645)
|
|
|
|
18,817,598
|
|
|
|
(4,961,897)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH FLOWS FROM
INVESTING ACTIVITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from disposal
of equipment
|
|
|
—
|
|
|
|
85,125
|
|
|
|
45,664
|
|
|
Additions to property,
plant and equipment
|
|
|
(7,910,651)
|
|
|
|
(275,234)
|
|
|
|
(905,209)
|
|
|
Net cash used in
investing activities
|
|
|
(7,910,651)
|
|
|
|
(190,109)
|
|
|
|
(859,545)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH FLOWS FROM
FINANCING ACTIVITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advances from related
party
|
|
|
1,779,723
|
|
|
|
971,617
|
|
|
|
586,121
|
|
|
Repayment of amounts
due to related parties
|
|
|
(2,072,512)
|
|
|
|
(7,817,993)
|
|
|
|
(461,251)
|
|
|
Proceeds from the
issuance of ordinary shares, net of
issuance costs
|
|
|
6,189,914
|
|
|
|
—
|
|
|
|
—
|
|
|
Repayment of
loan
|
|
|
(140,849)
|
|
|
|
(145,980)
|
|
|
|
—
|
|
|
Proceeds from loan
payable
|
|
|
139,280
|
|
|
|
152,063
|
|
|
|
148,025
|
|
|
Net cash provided by
(used in) financing activities
|
|
|
5,895,556
|
|
|
|
(6,840,293)
|
|
|
|
272,895
|
|
|
Effect of change in
exchange rate
|
|
|
(843,497)
|
|
|
|
(2,215,409)
|
|
|
|
869,563
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET (DECREASE)
INCREASE IN CASH AND CASH
EQUIVALENTS
|
|
|
(22,201,237)
|
|
|
|
9,571,787
|
|
|
|
(4,678,984)
|
|
|
Cash and cash
equivalents, beginning of year
|
|
|
22,447,145
|
|
|
|
12,875,358
|
|
|
|
17,554,342
|
|
|
Cash and cash
equivalents, end of year
|
|
$
|
245,908
|
|
|
$
|
22,447,145
|
|
|
|
12,875,358
|
|
|
SUPPLEMENTAL CASH FLOW
INFORMATION:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash paid for interest
expense
|
|
|
6,008
|
|
|
|
6,162
|
|
|
|
4,583
|
|
|
Cash paid for income
tax
|
|
|
6,302,806
|
|
|
|
4,973,635
|
|
|
|
5,788,891
|
|
|
Operating
lease
|
|
|
6,151,204
|
|
|
|
6,648,370
|
|
|
|
6,150,602
|
|
View original
content:https://www.prnewswire.com/news-releases/golden-heaven-group-holdings-ltd-announces-financial-results-for-fiscal-year-2023-302063603.html
SOURCE Golden Heaven Group Holdings Ltd.