Phoenix Plus Corp. Files 10-Q for Period Ending January 31, 2024
Ticker: RHNO · Form: 10-Q · Filed: Mar 13, 2024 · CIK: 1785493
| Field | Detail |
|---|---|
| Company | Phoenix Plus Corp. (RHNO) |
| Form Type | 10-Q |
| Filed Date | Mar 13, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1, $ |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, Phoenix Plus Corp., Financial Report, Quarterly Filing, SEC Filing
TL;DR
<b>Phoenix Plus Corp. has filed its quarterly report (10-Q) for the period ending January 31, 2024</b>.
AI Summary
Phoenix Plus Corp. (RHNO) filed a Quarterly Report (10-Q) with the SEC on March 13, 2024. Phoenix Plus Corp. filed a 10-Q report for the period ending January 31, 2024. The company's fiscal year ends on July 31. The filing covers the second quarter of the fiscal year. The company is incorporated in Nevada (NV). The business and mailing address is in Kuala Lumpur, Malaysia.
Why It Matters
For investors and stakeholders tracking Phoenix Plus Corp., this filing contains several important signals. This filing provides investors with an update on the company's financial performance and position during the second quarter. Understanding the details within this 10-Q is crucial for assessing the company's operational progress and future outlook.
Risk Assessment
Risk Level: low — Phoenix Plus Corp. shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial updates without immediate red flags.
Analyst Insight
Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Phoenix Plus Corp.'s performance and any emerging trends.
Key Numbers
- 2024-01-31 — Reporting Period End Date (The 10-Q covers financial information up to this date.)
- 2024-03-13 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 0731 — Fiscal Year End (Phoenix Plus Corp.'s fiscal year concludes on July 31st.)
Key Players & Entities
- Phoenix Plus Corp. (company) — Filer of the 10-Q report.
- 2024-01-31 (date) — End of the reporting period for the 10-Q.
- 2024-03-13 (date) — Filing date of the 10-Q.
- NV (state) — State of incorporation for Phoenix Plus Corp.
- Kuala Lumpur (location) — City of the business and mailing address.
FAQ
When did Phoenix Plus Corp. file this 10-Q?
Phoenix Plus Corp. filed this Quarterly Report (10-Q) with the SEC on March 13, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by Phoenix Plus Corp. (RHNO).
Where can I read the original 10-Q filing from Phoenix Plus Corp.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Phoenix Plus Corp..
What are the key takeaways from Phoenix Plus Corp.'s 10-Q?
Phoenix Plus Corp. filed this 10-Q on March 13, 2024. Key takeaways: Phoenix Plus Corp. filed a 10-Q report for the period ending January 31, 2024.. The company's fiscal year ends on July 31.. The filing covers the second quarter of the fiscal year..
Is Phoenix Plus Corp. a risky investment based on this filing?
Based on this 10-Q, Phoenix Plus Corp. presents a relatively low-risk profile. The filing is a standard 10-Q, providing routine financial updates without immediate red flags.
What should investors do after reading Phoenix Plus Corp.'s 10-Q?
Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Phoenix Plus Corp.'s performance and any emerging trends. The overall sentiment from this filing is neutral.
How does Phoenix Plus Corp. compare to its industry peers?
Phoenix Plus Corp. operates within the construction special trade contractors industry.
Are there regulatory concerns for Phoenix Plus Corp.?
The filing is made under the Securities Exchange Act of 1934, requiring regular financial disclosures.
Industry Context
Phoenix Plus Corp. operates within the construction special trade contractors industry.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, requiring regular financial disclosures.
What Investors Should Do
- Analyze the financial statements for revenue, net income, and cash flow.
- Review the Management's Discussion and Analysis (MD&A) section for insights into business operations and future outlook.
- Check for any significant changes in the company's capital structure or debt levels.
Key Dates
- 2024-01-31: End of Fiscal Quarter — The period covered by the 10-Q filing.
- 2024-03-13: 10-Q Filing Date — Official submission date of the quarterly report.
Year-Over-Year Comparison
This is a 10-Q filing for the period ending January 31, 2024, providing an update from previous filings.
Filing Stats: 4,524 words · 18 min read · ~15 pages · Grade level 17.4 · Accepted 2024-03-13 06:46:39
Key Financial Figures
- $1 — 019 100 shares of ordinary share of US$1 each Investment holding 2. Phoenix
- $ — cy is not the US$ are translated into US$, in accordance with ASC Topic 830-30, "
Filing Documents
- form10-q.htm (10-Q) — 870KB
- ex31-1.htm (EX-31.1) — 17KB
- ex32-1.htm (EX-32.1) — 8KB
- 0001493152-24-009761.txt ( ) — 5109KB
- pxpc-20240131.xsd (EX-101.SCH) — 51KB
- pxpc-20240131_cal.xml (EX-101.CAL) — 71KB
- pxpc-20240131_def.xml (EX-101.DEF) — 106KB
- pxpc-20240131_lab.xml (EX-101.LAB) — 304KB
- pxpc-20240131_pre.xml (EX-101.PRE) — 229KB
- form10-q_htm.xml (XML) — 951KB
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 3-6 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 6 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 6 PART II OTHER INFORMATION ITEM 1
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 7 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 7 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 7 ITEM 4 MINE SAFETY DISCLOSURES 7 ITEM 5 OTHER INFORMATION 7 ITEM 6 EXHIBITS 8
SIGNATURES
SIGNATURES 9 2 PART I FINANCIAL INFORMATION ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS: PHOENIX PLUS CORP. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Page Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets as of January 31, 2024 (unaudited) and July 31, 2023 (audited) F-2 Condensed Consolidated Statements of Operations and Comprehensive Losses for the Three and Six Months Ended January 31, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statements of Changes in Equity for the Six Months Ended January 31, 2024 and 2023 (unaudited) F-4 Condensed Consolidated Statements of Cash Flows for the Six Months Ended January 31, 2024 and 2023 (unaudited) F-5 Notes to the Condensed Consolidated Financial Statements F-6 - F-18 F-1 PHOENIX PLUS CORP. CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JANUARY 31, 2024 (UNAUDITED)AND JULY 31, 2023 (AUDITED) (Currency expressed in United States Dollars ("US
quot;), except for number of shares) As of As of January 31, 2024 (Unaudited) July 31, 2023 (Audited) ASSETS Current assets Trade receivables $ 344,476 $ 12,088 Contract assets - 18,723 Other receivables, prepayment and deposits 48,493 14,993 Deferred cost 28,881 324 Retention sum receivables 106,923 - Cash in hand and at bank 740,522 1,108,039 Total current assets 1,269,295 1,154,167 Non-current assets Plant and equipment, net 9,880 9,715 Lease right-of-use asset 70,743 86,817 Equity method investment - - Total non-current assets 80,623 96,532 TOTAL ASSETS 1,349,918 1,250,699 LIABILITIES AND STOCKHOLDERS' EQUITY Non-current liability Lease liabilities, non-current $ 45,250 $ 57,606 Total non-current liabilities 45,250 57,606 Current liabilities Trade payables $ 227,971 $ 4,202 Contract liabilities 5,754 - Retention sum payables 65,837 - Other payables and accrued liabilities and deposit received 14,921 36,747