Revenue Performance - Total revenue for the three months ended April 30, 2025, was $1,948,215, a slight increase of 0.4% compared to $1,940,346 for the same period in 2024[126] - For the nine months ended April 30, 2025, total revenue increased by 13.8% to $7,008,358 from $6,161,122 in 2024, driven by an expanding customer base[127] - Logistics service revenue accounted for 98% of total revenue for the three months ended April 30, 2025, and 96% for the nine months ended April 30, 2025, indicating a continued focus on logistics[128] Cost and Profitability - Cost of revenues for the three months ended April 30, 2025, increased by 11.5% to $1,890,232 from $1,695,639 in 2024[131] - For the nine months ended April 30, 2025, total cost of revenues rose by 24.3% to $6,641,966 from $5,343,534 in 2024, reflecting rising costs from logistics vendors[131] - The gross profit for the three months ended April 30, 2025, was $57,983, a decrease of 76% compared to $244,707 in 2024[124] - Gross profit decreased from $244,707 to $57,983 for the three months ended April 30, 2025, and from $817,588 to $366,392 for the nine months ended April 30, 2025[132] - Overall gross profit margin was 2.98% and 5.23% for the three and nine months ended April 30, 2025, down from 12.61% and 13.27% during the same periods in 2024[132] Losses and Expenses - Net loss attributable to the company for the three months ended April 30, 2025, was $947,987, a significant increase from a loss of $49,974 in 2024, representing a 1,797% change[124] - General and administrative expenses surged by 614% to $960,583 for the three months ended April 30, 2025, compared to $134,473 in 2024[124] - Operating expenses increased by $826,110 for the three months and $1,002,288 for the nine months ended April 30, 2025, compared to the same periods in the previous year[133] - Net losses amounted to $959,409 and $1,162,328 for the three and nine months ended April 30, 2025, compared to a net loss of $38,797 and a net income of $55,805 for the same periods in 2024[135] Cash Flow and Capital - As of April 30, 2025, the company had working capital of $4,509,290, primarily consisting of cash of $3,630,884 from the initial public offering[136] - Net cash used in operating activities was $2,000,182 for the nine months ended April 30, 2025, primarily due to the net loss and increases in accounts receivable and prepaid expenses[141] - Net cash provided by financing activities was $5,217,937 for the nine months ended April 30, 2025, mainly from the initial public offering[143] Strategic Initiatives - The company completed a $7 million initial public offering on April 11, 2025, and became listed on Nasdaq[119] - The acquisition of RQS United Group Limited on March 3, 2023, is expected to enhance the company's logistics capabilities and market presence[113] - The company plans to diversify its service region to include long-distance shipping lines, which typically yield higher profit margins[132] - The company may seek additional cash resources in the future for investments, acquisitions, or capital expenditures[137] - The company had no investing activities during the three and nine month periods ended April 30, 2025 and 2024[142]

Revenue Performance - Revenues for the three months ended January 31, 2025, decreased by 28% to $2,079,203 from $2,894,128 for the same period in 2024[121] - For the six months ended January 31, 2025, revenues increased by 20% to $5,060,143 compared to $4,220,776 for the same period in 2024[122] - Global logistics service revenue represented 99% of total revenue for the three months ended January 31, 2025, indicating a strong focus on logistics[124] Cost and Profitability - Cost of revenues decreased by 22% for the three months ended January 31, 2025, but increased by 30% for the six months ended January 31, 2025[126] - Gross profit for the three months ended January 31, 2025, was $79,978, a decrease of 76% from $339,104 in the same period in 2024[121] - The overall gross profit margin for the three months ended January 31, 2025, was 3.9%, down from 11.7% in the same period in 2024[130] Strategic Initiatives - The company plans to adopt a customer-friendly pricing strategy to quickly build market share while diversifying service regions[130] - The acquisition of RQS United Group Limited was completed on March 3, 2023, enhancing the company's logistics capabilities[111] - The logistics business has seen significant growth since 2023, driven by the expertise of the CEO in shipping operation management[115] - The company has started providing shipping and freight forwarding services in 2023, indicating a potential for market expansion[136] Financial Position and Expenses - Operating expenses increased for the six months ended January 31, 2025, to $431,604 from $255,426 in the same period last year, primarily due to rising payroll expenses[131] - The company reported a net loss of $202,919 for the six months ended January 31, 2025, compared to a net loss of $94,602 for the same period in 2024[133] - As of January 31, 2025, the company had working capital of $585,435, with cash amounting to $180,554 and current liabilities of $189,669[134] - Net cash used in operating activities for the six months ended January 31, 2025, was $158,450, primarily due to a net loss of $202,919[139] - The company had no investing activities during the three and six months ended January 31, 2025 and 2024[141] - Net cash used in financing activities for the six months ended January 31, 2025, was $74,125, related to professional fees for a public offering[142] - The company anticipates that its liquidity and working capital will be sufficient to sustain operations for the next twelve months, but may require additional cash resources for future investments[135] Taxation - The company incurred an income tax expense of $6,891 for the six months ended January 31, 2025, compared to an income tax benefit of $(7,141) in the same period last year[132] Risk Factors - The company is exposed to risks from economic conditions in Hong Kong and the international trade environment, which could impact operations[118][119]

Acquisition - The company acquired RQS United Group Limited on March 3, 2023, which holds 90% of its subsidiary, Roshing International Co., Limited, primarily engaged in logistics solutions [117][118]. Revenue and Profitability - For the three months ended October 31, 2024, total revenues increased to $2,980,940, a 125% increase from $1,326,648 in the same period of 2023, with global logistics services contributing 93% of total revenue [127][128]. - Gross profit decreased by $5,346 to $228,431 for the three months ended October 31, 2024, with a gross profit margin of 7.66%, down from 17.62% in 2023 [133]. Costs and Expenses - The cost of revenues rose to $2,752,509 for the three months ended October 31, 2024, up from $1,092,871 in 2023, reflecting the growth in global logistics services [131]. - Operating expenses increased significantly to $345,581 for the three months ended October 31, 2024, compared to $220,776 in 2023, primarily due to higher general and administrative expenses [134]. Net Loss - The company reported a net loss of $91,948 for the three months ended October 31, 2024, compared to a net loss of $6,112 in the same period of 2023 [136]. Cash Flow and Working Capital - As of October 31, 2024, the company had working capital of $696,406, with cash amounting to $323,793 and current liabilities of $197,908 [137]. - The company experienced a net cash outflow of $15,211 from operating activities for the three months ended October 31, 2024, primarily due to the net loss incurred [142]. - The company had no investing activities during the three months ended October 31, 2024 and 2023 [144]. - Net cash used in financing activities for the three months ended October 31, 2024 was $74,125, attributed to fees for a public offering of the Company's securities [145]. Future Financial Needs - The company anticipates needing additional cash resources in the future for potential investments, acquisitions, or capital expenditures [138]. Accounting Estimates and Standards - The Company made a critical accounting estimate regarding "deferred offering costs" related to a public offering, which may impact financial results if the offering does not close successfully [147]. - Management does not anticipate that any recently issued but not yet effective accounting standards will have a material effect on the Company's consolidated balance sheets [148].

Acquisition and Expansion - The company acquired RQS United Group Limited on March 3, 2023, enhancing its logistics capabilities[282]. Revenue and Profitability - For the year ended July 31, 2024, total revenues surged to $8,617,265, a 1,805% increase from $452,409 in 2023, primarily driven by global logistics services[292][293]. - Global logistics service revenue accounted for 97% of total revenue in 2024, amounting to $8,320,402[293]. - Gross profit for the year ended July 31, 2024, was $1,055,179, compared to a gross loss of $4,085 in 2023, resulting in a gross margin of 12.24%[297]. - Net income for the year ended July 31, 2024, was $110,320, a turnaround from a net loss of $356,089 in 2023, with $54,450 attributable to the shareholders[300]. Costs and Expenses - The cost of revenues increased to $7,562,086 in 2024, reflecting the growth in global logistics services, with 98% attributed to this segment[295][296]. - Operating expenses rose significantly to $886,876 in 2024 from $339,909 in 2023, mainly due to increased commissions and professional fees[298]. Cash Flow and Working Capital - As of July 31, 2024, the company had working capital of $788,354, with cash amounting to $413,129[301]. - Net cash provided by operating activities was $112,740 for the year ended July 31, 2024, primarily due to net income[306]. - Net cash used in financing activities for the year ended July 31, 2023, was $89,476, primarily due to repayment of a working capital advance of $341,885[310]. - Cash inflows included $31,490 in working capital advances from related parties and a capital contribution of $65,650[310]. - Operating expenses paid directly by shareholders amounted to $84,503, with additional rent payments of $16,580 made by related parties[310]. Accounting and Management Insights - The company did not identify any accounting estimates subject to a high degree of uncertainty for the year ended July 31, 2024[312]. - Management believes that recently issued accounting standards will not have a material effect on the company's consolidated balance sheets[313]. Future Outlook - The company anticipates the need for additional capital expenditures to capture more market share in the logistics sector[303].

Revenue Growth - Revenues increased significantly to $1,940,346 for the three months ended April 30, 2024, from $144,013 in the same period of 2023, representing a growth of 1,247%[117] - For the nine months ended April 30, 2024, revenues reached $6,161,122, up from $367,113 in 2023, marking a 1,578% increase[118] - The global logistics service contributed 99% of total revenue for the three months and 96% for the nine months ended April 30, 2024[119] Cost and Profitability - Cost of revenues rose to $1,695,639 for the three months ended April 30, 2024, compared to $260,700 in 2023, a 550% increase[121] - Gross profit for the three months ended April 30, 2024, was $244,707, a significant improvement from a gross loss of $116,687 in the same period of 2023[125] - The overall gross profit margin improved to 12.6% for the three months ended April 30, 2024, compared to a gross loss margin of 81% in 2023[125] Expenses - Selling and marketing expenses increased by 133% to $91,950 for the three months ended April 30, 2024, from $39,532 in 2023[117] - Total operating expenses increased to $226,423 and $717,683 for the three and nine months ended April 30, 2024, compared to $197,441 and $238,876 for the same periods in 2023, primarily due to higher commission expenses and professional fees[126] - Income tax expense rose to $10,051 and $22,023 for the three and nine months ended April 30, 2024, compared to $1,280 and $2,219 for the same periods in 2023, reflecting increased revenue[127] Net Loss and Income - Net loss attributable to Tianci decreased by 83% to $49,974 for the three months ended April 30, 2024, compared to a loss of $296,194 in 2023[117] - The company reported a net loss of $(38,797) for the three months ended April 30, 2024, but net income of $55,805 for the nine months, with attributable net income to shareholders of $(49,974) and $15,375 respectively, compared to net losses of $315,408 and $322,037 in 2023[128] Liquidity and Cash Flow - As of April 30, 2024, the company had working capital of $733,839, with cash amounting to $646,031 and current liabilities of $241,813[129] - Net cash provided by operating activities was $121,476 for the nine months ended April 30, 2024, primarily due to net income and an increase in accrued liabilities, offset by an increase in accounts receivable[134] - Net cash provided by financing activities was $268,213 for the nine months ended April 30, 2024, mainly from proceeds of $513,213 from a private offering of preferred stock[137] - The company believes its liquidity and working capital will be sufficient to sustain operations for the next twelve months, but may require additional cash resources for future investments or acquisitions[130] Strategic Developments - RQS United Group Limited was acquired on March 3, 2023, expanding the company's logistics capabilities[107] - The company started providing shipping and freight forwarding services in the quarter ended October 31, 2023, indicating potential for significant capital expenditure to develop market position[131] - The company incurred a net cash used in financing activities of $72,463 during the nine months ended April 30, 2023, primarily for repayment of a working capital loan[138]

Revenue Growth - Revenues increased significantly to $2,894,128 for the three months ended January 31, 2024, from $98,730 in the same period of 2023, representing a growth of 2,831%[124] - For the six months ended January 31, 2024, revenues reached $4,220,776, up from $223,100 in the prior year, marking a 1,792% increase[125] - The global logistics service contributed 97% of revenue in Q1 2024 and 95% in the first half of 2024, highlighting its importance to overall performance[126] Profit and Expenses - Gross profit for the three months ended January 31, 2024, was $339,104, a substantial increase of $319,174 compared to the same period in 2023[132] - Operating expenses surged to $270,484 for the three months ended January 31, 2024, compared to $25,203 in the same period of 2023, primarily due to increased commissions and professional fees[133] - Net income attributable to Tianci International was $81,133 for the three months ended January 31, 2024, compared to a net loss of $4,947 in the same period of 2023[135] Cash Flow and Working Capital - As of January 31, 2024, the company had working capital of $692,636, with cash amounting to $799,377 and current liabilities of $193,504[136] - The company reported net cash provided by operating activities of $109,822 for the six months ended January 31, 2024, primarily driven by net income[141] - Net cash provided by operating activities for the six months ended January 31, 2023 was $217,000, primarily due to a decrease in accounts receivable of $540,914, partially offset by a decrease in accounts payable of $325,062[142] - Net cash provided by financing activities for the six months ended January 31, 2024 was $433,213, attributed to proceeds from a private offering of common stock[144] - Net cash used in financing activities during the six months ended January 31, 2023 was $63,305, primarily due to repayment of a working capital loan of $296,884[145] Cost of Revenues - The total cost of revenues increased to $2,555,024 for the three months ended January 31, 2024, from $78,800 in the same period of 2023, reflecting the growth of global logistics services[128] Future Outlook - The company anticipates that gross margins from logistics services will improve as demand increases post-pandemic, with current margins at 11.1% for Q1 2024[132] Accounting Estimates - There were no accounting estimates made that were subject to a high degree of uncertainty and critical to the results for the three and six months ended January 31, 2024[147] - The company does not believe that any recently issued but not yet effective accounting standards would have a material effect on its consolidated financial statements[148]

Acquisition - The company acquired RQS United Group Limited on March 3, 2023, enhancing its logistics capabilities[100] Revenue Growth - For the three months ended October 31, 2023, revenues increased by $1,202,278, or approximately 967%, to $1,326,648 compared to $124,370 in the same period of 2022[104][105] - The global logistics service contributed $1,181,720 to revenue, representing approximately 89% of total revenue for the quarter[105][106] Cost and Profit - Total cost of revenues rose by $984,316, or approximately 907%, to $1,092,871 for the three months ended October 31, 2023[104][107] - Gross profit increased by $217,962 to $233,777, with a gross profit margin of 17.6% for the three months ended October 31, 2023, compared to 12.7% in 2022[111] Net Loss - The company reported a net loss of $6,112 for the three months ended October 31, 2023, with a net loss attributable to shareholders of Tianci International amounting to $15,784[114] Working Capital and Cash Position - As of October 31, 2023, the company had a working capital deficit of $(286,400) and cash of $380,833[115] Industry Outlook - The company anticipates continued growth in the logistics service industry, driven by increasing global demand for coal, grains, electric vehicles, and green energy equipment[103] Operating Expenses - Operating expenses increased significantly to $220,776 for the three months ended October 31, 2023, primarily due to increased commissions and compliance service fees[112] Investing Activities - The company has no investing activities for the three months ended October 31, 2023 and 2022[122] Accounting Standards - The financial statements were prepared in accordance with U.S. GAAP, requiring estimates and judgments affecting reported amounts of assets, liabilities, revenues, and expenses[130] - For the three months ended October 31, 2023, there were no accounting estimates made that were subject to a high degree of uncertainty and critical to the results[131] - The Company does not anticipate that any recently issued but not yet effective accounting standards will have a material effect on its consolidated financial statements[132] Market Risk - There are no applicable quantitative and qualitative disclosures about market risk[133]

Financial Performance - Revenues for the year ended July 31, 2023, decreased by $300,430, or approximately 40%, to $452,409 from $752,839 in 2022 [79]. - Gross loss for the year ended July 31, 2023, was $4,085 compared to a gross profit of $274,318 in 2022, indicating a significant decline in profitability [85]. - Net loss attributable to Tianci for the year ended July 31, 2023, was $341,210, a decrease of $485,359 compared to a net income of $144,149 in 2022 [79]. - Total cost of revenues decreased by $22,027, or approximately 5%, to $456,494 for the year ended July 31, 2023, compared to $478,521 in 2022 [83]. - The gross profit margin for hardware products decreased by 9.9% to 22.8% for the year ended July 31, 2023, from 32.7% in 2022, due to rising raw material costs and market competition [86]. Operating Expenses - Operating expenses increased to $339,909 for the year ended July 31, 2023, from $82,502 in 2022, primarily due to stock compensation and professional fees related to the Share Exchange [87]. Cash Flow and Working Capital - Cash provided by operating activities for the year ended July 31, 2023, was $324,581, despite a net loss, due to a decrease in accounts receivable [93]. - As of July 31, 2023, the company's working capital deficit was $(284,543), with current liabilities amounting to $596,768 [89]. - The company may seek additional cash resources in the future for investments, acquisitions, or capital expenditures if business conditions change [90]. Future Plans - The company plans to enter the shipping and freight forwarding services in 2023, which may require significant capital expenditure [91].

Revenue Performance - Revenues for the three months ended April 30, 2023, increased to $144,013, a 100% increase from $0 in the same period of 2022, primarily due to hardware product sales and software maintenance services [87]. - For the nine months ended April 30, 2023, revenues reached $367,113, a 4076% increase from $8,792 in the same period of 2022, attributed to hardware product sales and new service offerings [97]. Cost and Expenses - Cost of revenues surged by approximately 2788% to $260,700 for the three months ended April 30, 2023, compared to $9,026 in the same period of 2022, driven by increased sales [90]. - Total cost of revenues for the nine months ended April 30, 2023, increased by approximately 1828% to $448,055 from $23,245 in the same period of 2022 [100]. - Gross loss for the nine months ended April 30, 2023, was $80,942, an increase of 460% from $14,453 in the same period of 2022, indicating rising costs outpacing revenue growth [104]. - Operating expenses for the nine months ended April 30, 2023, were $238,876, significantly up from $43,598 in the same period of 2022, largely due to stock compensation [106]. Net Loss and Financial Position - Net loss attributable to Tianci for the three months ended April 30, 2023, was $296,194, reflecting a 1514% increase from a net loss of $18,351 in the same period of 2022 [87]. - The company reported an operating loss of $322,037 for the nine months ended April 30, 2023, which included $211,208 in various noncash items [115]. - As of April 30, 2023, the company's working capital was $(252,291), with current assets of $434,707 and current liabilities of $686,998 [108]. Cash Flow - Net cash provided by operating activities for the nine months ended April 30, 2023, was $314,294, compared to a cash used of $(58,051) in the same period of 2022 [114]. - Net cash provided in operating activities for the nine months ended April 30, 2023, was primarily due to a decrease in accounts receivable by $622,659, offset by a decrease in accounts payable of $301,283 [115]. - Net cash used in financing activities for the nine months ended April 30, 2023, was $72,462, mainly due to repayment of a working capital advance of $341,884 [118]. Future Plans and Market Conditions - The company plans to enter the glass sales industry in 2023, which may require significant capital expenditure [112]. - The impact of the COVID-19 pandemic on the company's business has been very limited, despite ongoing global disruptions [121]. Accounting and Risk Disclosures - The company does not believe that any recently issued accounting standards would have a material effect on its financial statements [127]. - There were no quantitative and qualitative disclosures about market risk applicable to the company [128]. - As of April 30, 2023, no allowance for doubtful accounts was deemed necessary, as accounts receivable were current and creditors appeared credit-worthy [126]. - The company has no off-balance sheet arrangements that would affect liquidity or capital resources [120].

Financial Performance - For the three months ended January 31, 2023, Tianci reported total operating expenses of $105,219, an increase of 81.5% from $57,957 in the same period of 2022 [49][50]. - The net loss for the three months ended January 31, 2023, was $105,219, compared to a net loss of $57,957 for the same period in 2022, reflecting an increase of 81.5% [51]. - For the six months ended January 31, 2023, total operating expenses were $162,286, up from $105,103 in the same period of 2022, marking a 54.5% increase [52][53]. - The net loss for the six months ended January 31, 2023, was $162,286, compared to $105,103 for the same period in 2022, representing a 54.5% increase [55]. Working Capital and Cash Flow - As of January 31, 2023, Tianci had a working capital deficit of $361,423, an increase from a deficit of $223,137 as of July 31, 2022 [57]. - Cash used in operating activities for the six months ended January 31, 2023, was $75,857, a decrease from $98,309 in the same period of 2022 [59]. - Cash provided by financing activities for the six months ended January 31, 2023, was $80,021, down from $94,358 in the same period of 2022 [62]. - On January 27, 2023, Tianci sold 80,000 shares of Series A Preferred Stock for $24,000, which contributed to its capital [63]. Corporate Structure - Tianci ceased to be a shell company after acquiring RQS United on March 3, 2023, which owns 90% of Roshing International [44]. - Tianci does not have any off-balance sheet arrangements that could affect its financial condition or results of operations [64].