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Huineng Technology Corporation (HNIT) reported Q3 results for the three months ended August 31, 2025. Quarterly revenue was $4,900 with a net loss of $4,736. For the nine months, revenue totaled $9,500 and net loss was $25,772.
The balance sheet shows cash and cash equivalents of $2,171 and total assets of $8,454 as of August 31, 2025. Current liabilities were $5,100, and shareholders’ equity improved to $3,354 from a deficit at year-end, reflecting a larger share base. Management disclosed material weaknesses in internal controls and stated that conditions raise substantial doubt about continuing as a going concern.
The company serves website development and maintenance customers in Hong Kong and Malaysia; two customers represented 71% of nine-month revenue. Common stock outstanding was 44,545,000 as of October 15, 2025. On August 1, 2025, a stock purchase agreement led to Ping Li becoming the controlling shareholder with approximately 72.2% of voting rights.