Huineng Technology Corp 10-K for FY2025

Huineng Technology Corp (HNIT)

10-K 2026-02-27 For: 2025-11-30

Added on April 06, 2026

About this 10-K

Huineng Technology Corp filed this 10-K on February 27, 2026, covering the fiscal year ended November 30, 2025 (FY2025).

Headline figures

Fiscal year ended November 30, 2025, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $14.2K; down 44.7% from $25.7K a year earlier
Net loss: $34.97K; compared with a net loss of $39.22K a year earlier
Diluted EPS: -$0.00; compared with -$0.01 a year earlier

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →

Large accelerated filer ☐		Accelerated filer ☐		Non-accelerated filer ☒		Smaller reporting company ☒
						Emerging growth company ☒

Class		Outstanding at February 27, 2026
Common Stock, $0.001 par value		44,545,000

		Page #
PART I

Item 1.	Business	4
Item 1A.	Risk Factors	7
Item 1B.	Unresolved Staff Comments	7
Item 1C.	Cybersecurity	7
Item 2.	Description of property	7
Item 3.	Legal Proceedings	7
Item 4.	Mine Safety Disclosures	7

PART II

Item 5.	Market for Registrant’s Common Equity and Related Stockholder Matters	8
Item 6.	Selected Financial Data	9
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	9
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	12
Item 8.	Financial Statements and Supplementary Data	12
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	12
Item 9A.	Controls and Procedures	12
Item 9B.	Other Information	14
Item 9C	Disclosure Regarding Foreign Jurisdiction That Prevent Inspections	14

PART III

Item 10.	Directors, Executive Officers and Corporate Governance	15
Item 11.	Executive Compensation	17
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	18
Item 13.	Certain Relationships and Related Transactions, and Director Independence	18
Item 14.	Principal Accounting Fees and Services	19

PART IV

Item 15.	Exhibits and Financial Statement Schedules	20
Item 16.	Form 10-K Summary	20

SIGNATURES		21

	●	The availability and adequacy of our cash flow to meet our requirements;

	●	Economic, competitive, demographic, business and other conditions in our local and regional markets;

	●	Changes or developments in laws, regulations or taxes in our industry;

	●	Actions taken or omitted to be taken by third parties including our suppliers and competitors, as well as legislative, regulatory, judicial and other governmental authorities;

	●	Competition in our industry;

	●	The loss of or failure to obtain any license or permit necessary or desirable in the operation of our business;

	●	Changes in our business strategy, capital improvements or development plans;

	●	The availability of additional capital to support capital improvements and development; and

	●	Other risks identified in this report and in our other filings with the Securities and Exchange Commission or the SEC.

	●	The “Company,” “we,” “us,” “our,” or “Huineng” are references to Huineng Technology Corporation, a Nevada corporation.

	●	“Common Stock” refers to the common stock, par value $0.001, of the Company;

	●	“U.S. dollar,” “$” and “US$” refer to the legal currency of the United States;

	●	“Securities Act” refers to the Securities Act of 1933, as amended; and

	●	“Exchange Act” refers to the Securities Exchange Act of 1934, as amended.

Fiscal Year 2025	Highest Bid		Lowest Bid
First Quarter	$	0.78	$	0.13
Second Quarter	$	2.00	$	0.78
Third Quarter	$	2.00	$	2.00
Fourth Quarter	$	2.00	$	2.00

	●	Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Company;

	●	Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and

	●	Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.

Name		Age		Positions and Offices
Guoxiang Ao		38		Chief Executive Officer, President, Treasurer, Secretary, Director

1.	bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;
2.	any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);
3.	being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his/her involvement in any type of business, securities or banking activities; or
4.	being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.
5.	such person was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;
6.	such person was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;
7.	such person was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:(i) Any Federal or State securities or commodities law or regulation; or(ii) Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or (iii) Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or
8.	such person was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

Name and Address of Beneficial Owner	Shares of Common Stock Beneficially Owned		Common Stock Voting Percentage Beneficially Owned			Voting Shares of Preferred Stock		Preferred Stock Voting Percentage Beneficially Owned		Total Voting Percentage Beneficially Owned
Executive Officers and Directors
Guoxiang Ao Chief Executive Officer, Chief Financial Officer and Director		472,591		1	%		-		-		1	%
5% or Greater Shareholders
Ping Li		32,140,000		72	%		-		-		72	%
Ti Ping Yang		2,227,250		5	%		-		-		5	%

ACCOUNTING FEES AND SERVICES	2025		2024

Audit fees	$	18,800	$	18,800
Audit-related fees		-		-
Tax fees		-		-
All other fees		-		-

Total	$	18,800	$	18,800

	Page
Audited Financial Statements

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	F-2

CONSOLIDATED BALANCE SHEETS	F-3

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS	F-4

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY	F-5

CONSOLIDATED STATEMENTS OF CASH FLOWS	F-6

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS	F-7 – F-13

31.1		Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer, principal financial officer*

32.1		Section 1350 Certification of principal executive officer, principal financial officer and principal accounting officer*

101.INS*		Inline XBRL Instance Document
101.SCH*		Inline XBRL Taxonomy Extension Schema Document
101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase
101.LAB*		Inline XBRL Taxonomy Extension Labels Linkbase
101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase
104*		Cover Page Interactive Data File (embedded within the Inline XBRL document)

	Huineng Technology Corporation

Date: February 27, 2026	By:	/s/ Guoxiang Ao
		Guoxiang Ao Chief Executive Officer, Chief Financial Officer, Director (Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

Signature	Title	Date

/s/ Guoxiang Ao	Chief Executive Officer, Chief Financial Officer, Director
Guoxiang Ao	(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)	February 27, 2026

	(a)	Identified the performance obligations within in contractual agreements;
	(b)	Assessed and evaluated the degree of control of the Company has over the goods and services and the point at which control is transferred to the customer;
	(c)	Reviewed the application of revenue recognition criteria, including satisfactory of performance obligations and transfer of risk and rewards;
	(d)	Evaluated the completeness and adequacy of disclosures related to revenue recognition;
	(e)	Inquiry management to understand their judgements, assumptions and policies related to revenue recognition.

*/s/ JP CENTURION & PARTNERS PLT*
JP CENTURION & PARTNERS PLT (ID: 6723)
We have served as the Company’s auditor since 2023.
Kuala Lumpur, Malaysia
February 27, 2026

	As of November 30, 2025			As of November 30, 2024
		(Audited)			(Audited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	758		$	10,341
Prepayments and deposit		10,153			8,454
TOTAL CURRENT ASSETS		10,911			18,795

NON-CURRENT ASSET
Plant and equipment, net		1,706			2,318
TOTAL NON-CURRENT ASSET		1,706			2,318

TOTAL ASSETS	$	12,617		$	21,113

LIABILITIES AND SHAREHOLDERS’ EQUITY

Accrued liabilities and other payable		9,835			9,500
Amount due to a director		-			18,164
Amount due to a shareholder		7,524			-
Deferred revenue		1,100			3,000
TOTAL CURRENT LIABILITIES		18,459			30,664

TOTAL LIABILITIES	$	18,459		$	30,664

SHAREHOLDERS’ EQUITY
Common stock – Par value $ 0.001; Authorized: 75,000,000 shares; Issued and outstanding: 44,545,000 as of November 30, 2025 and 2024, respectively	$	44,545		$	5,545
Additional paid-in capital		29,355			29,355
Accumulated deficit		(79,712	)		(44,744	)
Other comprehensive income		(30	)		293
TOTAL SHAREHOLDERS’ DEFICIT	$	(5,842	)	$	(9,551	)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	12,617		$	21,113

	For the year ended November 30,			For the year ended November 30,
	2025			2024
REVENUE	$	14,200		$	25,700

COST OF REVENUE		-			-

GROSS PROFIT	$	14,200		$	25,700

GENERAL AND ADMINISTRATIVE EXPENSES		(49,959	)		(64,924	)

LOSS FROM OPERATION BEFORE INCOME TAX	$	(35,759	)	$	(39,224	)

OTHER INCOME		791			-

LOSS BEFORE INCOME TAX	$	(34,968	)	$	(39,224	)

INCOME TAX EXPENSES		-			-

NET LOSS	$	(34,968	)	$	(39,224	)

OTHER COMPREHENSIVE (LOSS)/INCOME		(323	)		293

TOTAL COMPREHENSIVE LOSS	$	(35,291	)	$	(38,931	)

NET LOSS PER SHARE- BASIC AND DILUTED		(0.0010	)		(0.0083	)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED		35,700,738			4,705,369

	Number of Shares		Amount		PAID-IN CAPITAL		ACCUMULATED DEFICIT			COMPREHENSIVE LOSS			Stockholders’ Equity
	COMMON STOCK				ADDITIONAL					OTHER			Total
	Number of Shares		Amount		PAID-IN CAPITAL		ACCUMULATED DEFICIT			COMPREHENSIVE LOSS			Stockholders’ Equity
Balance as of November 30, 2024		5,545,000	$	5,545	$	29,355	$	(44,744	)	$	293		$	(9,551	)
Issuance of share		39,000,000		39,000		-		-			-			39,000
Foreign currency translation		-		-		-		-			(323	)		(323	)
Net loss		-		-		-		(34,968	)		-			(34,968	)
Balance as of November 30, 2025		44,545,000	$	44,545	$	29,355	$	(79,712	)	$	(30	)	$	(5,842	)

	Year ended November 30, 2025			Year ended November 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(34,968	)	$	(39,224	)

Adjustment to reconcile net loss to net cash provided by operating activities:
Depreciation expenses		612			588
Changes in operating assets and liabilities:
Prepayments and deposit		(1,699	)		(8,197	)
Accrued liabilities and other payable		335			5,750
Amount due to a director		(18,164	)		13,022
Deferred revenue		(1,900	)		600

Net cash used in operating activities	$	(55,784	)	$	(27,461	)

CASH FLOWS FROM INVESTING ACTIVITY:
Purchase of plant and equipment	$	-		$	(729	)

Net cash used in investing activity	$	-		$	(729	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of share capital		39,000			30,900
Amount due to a shareholder		7,524			-

Net cash provided by financing activities	$	46,524		$	30,900

Effect of exchange rate changes on cash and cash equivalents	$	(323	)	$	312

Net (decrease)/increase in cash and cash equivalents	$	(9,583	)	$	3,022
Cash and cash equivalents, beginning of year		10,341			7,319

CASH AND CASH EQUIVALENTS, END OF YEAR	$	758		$	10,341

SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid	$	-		$	-
Interest paid	$	-		$	-

	As of November 30, 2025		As of November 30, 2024

Year-end MYR : US$1 exchange rate		4.13		4.44
Year-average MYR : US$1 exchange rate		4.30		4.57
Exchange rate		4.30		4.57

	As of November 30, 2025 (Audited)		As of November 30, 2024 (Audited)

Prepaid expenses	$	10,090	$	8,391
Rental deposit		63		63
Total	$	10,153	$	8,454

	As of November 30, 2025 (Audited)			As of November 30, 2024 (Audited)

Office equipment	$	3,062		$	3,062
Less: accumulated depreciation		(1,356	)		(744	)
Plant and equipment, net	$	1,706		$	2,318

	For the year ended November 30, 2025			For the year ended November 30, 2024
Tax jurisdictions from:
– Local	$	(34,177	)		(38,462	)

Foreign, representing
– Malaysia		(791	)		(762	)
Loss from operation before income tax	$	(34,968	)	$	(39,224	)

	As of November 30, 2025			As of November 30, 2024
Deferred tax assets:

Net operating loss carryforwards
– United States of America	$	16,740		$	9,236
– Malaysia		-			114
Net operating loss carryforwards		-			114

Less: valuation allowance		(16,740	)		(9,350	)
Deferred tax assets	$	-		$	-

	For the year ended November 30, 2025
	Revenue		Percentage of Revenue			Accounts receivable
Customer E	$	3,100		22	%	$	-
Customer F		4,300		30	%		-
Customer G		3,800		27	%		-
Total	$	11,200		79	%		-

	For the year ended November 30, 2024
	Revenue		Percentage of Revenue			Accounts receivable
Customer A	$	6,900		27	%	$	-
Customer B		6,600		26	%		-
Customer C		6,300		25	%		-
Customer D		3,500		14	%		-
Total	$	23,300		92	%	$	-


	For the Year Ended and As of November 30, 2025
By Business Unit	Website Development			Website Maintenance			Total
Revenue	$	9,900			4,300			14,200

Cost of revenue		-			-			-
General and administrative expenses		(34,831	)		(15,128	)		(49,959	)

Loss from operations		(24,931	)		(10,828	)		(35,759	)

Total assets	$	8,796			3,821			12,617
Capital expenditure	$	-			-			-


	For the Year Ended and As of November 30, 2025
By Country	Hong Kong			Malaysia			Total
Revenue	$	13,000			1,200			14,200

Cost of revenue		-			-			-
General and administrative expenses		(45,737	)		(4,222	)		(49,959	)

Loss from operations		(32,737	)		(3,022	)		(35,759	)

Total assets	$	10,911			1,706			12,617
Capital expenditure	$	-			-			-

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b.	Designed such internal control over financial reporting, or caused such internal control to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 27, 2026	By:	/s/ Guoxiang Ao
	Name:	Guoxiang Ao
	Title:	Chief Executive Officer, Chief Financial Officer, Director

	(1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.