Phoenix Plus Corp. Files Q1 2025 10-Q
Ticker: RHNO · Form: 10-Q · Filed: Dec 12, 2024 · CIK: 1785493
| Field | Detail |
|---|---|
| Company | Phoenix Plus Corp. (RHNO) |
| Form Type | 10-Q |
| Filed Date | Dec 12, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1, $ |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, construction
TL;DR
Phoenix Plus Corp. 10-Q filed. Q1 FY25 results out.
AI Summary
Phoenix Plus Corp. filed its 10-Q for the period ending October 31, 2024. The company, incorporated in Nevada and operating in construction special trade contracting, reported financial data for the first quarter of fiscal year 2025. The filing covers the period from August 1, 2024, to October 31, 2024, and includes comparative data from the same period in the prior year.
Why It Matters
This filing provides investors with an update on Phoenix Plus Corp.'s financial performance and position for the first quarter of its fiscal year 2025, allowing for assessment of recent business trends.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial updates and does not indicate any immediate or significant risks.
Key Numbers
- Q1 FY25 — Reporting Period (First quarter of fiscal year 2025)
- 2024-10-31 — Period End Date (The date as of which financial information is reported)
- 2023-10-31 — Prior Year Period End (For comparison with the current reporting period)
Key Players & Entities
- Phoenix Plus Corp. (company) — Filer of the 10-Q
- 2024-10-31 (date) — End of reporting period
- 2024-08-01 (date) — Start of reporting period
- 2023-10-31 (date) — End of comparative prior year period
- 0731 (date) — Fiscal year end
FAQ
What is the primary business of Phoenix Plus Corp.?
Phoenix Plus Corp. operates in the CONSTRUCTION SPECIAL TRADE CONTRACTORS industry, SIC code 1700.
For what period is this 10-Q filing?
This 10-Q filing is for the period ending October 31, 2024.
When was the company incorporated and in which state?
Phoenix Plus Corp. was incorporated in Nevada (NV).
What is the company's fiscal year end?
The company's fiscal year ends on July 31 (0731).
What is the business address of Phoenix Plus Corp.?
The business address is 2-3 & 2-5 BEDFORD BUSINESS PARK, JALAN 3/137B, BATU 5, JALAN KELANG LAMA, KUALA LUMPUR, N8, 58200.
Filing Stats: 4,480 words · 18 min read · ~15 pages · Grade level 16.8 · Accepted 2024-12-12 07:31:38
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) — 747KB
- ex31-1.htm (EX-31.1) — 17KB
- ex32-1.htm (EX-32.1) — 8KB
- 0001493152-24-049730.txt ( ) — 4880KB
- pxpc-20241031.xsd (EX-101.SCH) — 52KB
- pxpc-20241031_cal.xml (EX-101.CAL) — 68KB
- pxpc-20241031_def.xml (EX-101.DEF) — 116KB
- pxpc-20241031_lab.xml (EX-101.LAB) — 311KB
- pxpc-20241031_pre.xml (EX-101.PRE) — 240KB
- form10-q_htm.xml (XML) — 816KB
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 3-5 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 October 31, 2024 (unaudited) and July 31, 2024 (audited) F-2 Condensed Consolidated Statements of Operations and Comprehensive Losses for the Three Months Ended October 31, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statements of Changes in Equity for the Three Months Ended October 31, 2024 and 2023 (unaudited) F-4 Condensed Consolidated Statements of Cash Flows for the Three Months Ended October 31, 2024 and 2023 (unaudited) F-5 Notes to the Condensed Consolidated Financial Statements F-6 - F-16 F-1 PHOENIX PLUS CORP. CONDENSED CONSOLIDATED BALANCE SHEETS AS OF OCTOBER 31, 2024 AND JULY 31, 2024 (Currency expressed in United States Dollars ("US
quot;), except for number of shares) As of As of October 31, 2024 (Unaudited) July 31, 2024 (Audited) ASSETS Current assets Cash at banks $ 337,394 $ 434,351 Trade receivables, net of allowance for credit loss of $ 26,641 and $ 25,366 as of October 31, 2024 and July 31, 2024, respectively 105,680 10,964 Retention sum receivables 123,393 109,945 Other receivables, prepayments and deposits 15,267 12,801 Contract assets 121,241 269,434 Deferred cost 2,313 4,122 Total current assets 705,288 841,617 Non-current assets Property, plant and equipment, net 21,785 20,817 Lease right-of-use asset 54,859 59,197 Equity method investment - - Total non-current assets 76,644 80,014 TOTAL ASSETS 781,932 921,631 LIABILITIES AND STOCKHOLDERS' EQUITY Non-current liability Lease liabilities, non-current $ 25,059 $ 31,553 Total non-current liabilities 25,059 31,553 Current liabilities Trade payables $ 60,972 $ 81,466 Retention sum payables 71,097 67,697 Oth