Lakeside Holding Ltd

Listed Company

LSHCIK 0001996192NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthArrangement Of Transportation Of Freight & CargoNevada

Period

FY 2025

Revenue

—

Net Income

$-5.25M

Total Assets

$14.41M

Equity

$2.85M

Shares Out

34.43M

Op. Cash Flow

$-2.66M

Business

Lakeside Holding Ltd is an integrated cross-border supply chain solution provider focused on facilitating trade between Asia and the United States. It offers customized cross-border ocean freight and airfreight solutions, including freight consolidation and forwarding, customs clearance, warehousing and distribution, and U.S. domestic ground transportation. Its key business segments include cross-border logistics services and a pharmaceutical distribution and supply chain segment operated through Hupan Pharmaceutical. Lakeside serves Asia- and U.S.-based logistics partners, shipping via major ocean and air carriers, regional warehouses, and an extensive domestic carrier network.

Summary from filing dated 2025-10-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30
Total revenue	18	18	—
Total cost of revenue	15	15	10
Gross profit	3	4	3
Selling expenses	393,290	2,500	79,822
General and administrative expenses	7	4	2
Loss from deconsolidation of a subsidiary	—	73,151	—
Provision of allowance for expected credit loss	33,432	28,157	−93,742
Total operating expenses	8	4	2
Loss from operations	−5	−526,041	246,897
Other income, net	416,192	338,435	885,501
Interest expense	−401,282	−108,008	−123,600
Total other (expense) income	14,910	230,427	761,901
Loss before income taxes	−5	−295,614	1
Income tax expense (credit)	301,877	−67,337	−65,068
Net loss	−5	−228,277	943,730
Less: net loss attributable to non-controlling interest	—	−3,025	—
Net loss attributable to the Company	−5	−225,252	983,602
Foreign currency translation gain	9,343	3,122	−255
Comprehensive (loss) income	−5	−225,155	943,475
Less: comprehensive loss attributable to non-controlling interest	—	−3,119	−39,883
Comprehensive loss attributable to the Company	−5	−222,036	983,358
Loss per share basic (in Dollars per share)	−0.69	−0.04	0.16
Loss per share diluted (in Dollars per share)	−0.69	−0.04	0.16
Weighted Average Shares Outstanding basic (in Shares)	8	6	6
Weighted average shares outstanding diluted (in Shares)	8	6	6

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30
Cash	5	123,550	174,018
Note receivable	65,152	—	—
Contract assets	119,054	129,506	44,740
Inventories, net	96,534	—	—
Right of return asset	141,687	—	—
Total current assets	10	4	2
Investment in other entity	15,741	15,741	—
Property and equipment at cost, net of accumulated depreciation	389,421	344,883	489,520
Intangible assets, net	365,440	—	—
Right of use operating lease assets	3	3	2
Right of use financing lease assets	93,797	37,476	48,206
Deferred tax asset	—	89,581	—
Deferred offering costs	—	1	90,000
Deposit and prepayment	103,934	202,336	—
Total non-current assets	4	6	3
TOTAL ASSETS	14	9	5
Accrued liabilities and other payables	2	1	325,701
Current portion of obligations under operating leases	2	1	769,782
Current portion of obligations under financing leases	47,035	37,619	42,889
Loans payable, current	1	746,962	586,688
Contract liabilities	15,355	—	—
Dividend payable	—	98,850	98,850
Tax payable	312,903	79,825	32,829
Due to shareholders	—	1	90,000
Derivative liabilities	910,675	—	—
Refund liabilities	77,235	—	—
Total current liabilities	10	6	3
Loans payable, non-current	60,398	136,375	231,599
Deferred tax liabilities	83,100	—	24,752
Obligations under operating leases, non-current	2	3	2
Obligations under financing leases, non-current	66,267	17,460	21,836
Total non-current liabilities	2	3	2
TOTAL LIABILITIES	12	9	5
Commitments and Contingencies	—	—	—
Common stocks, $0.0001 par value, 200,000,000 shares authorized, 10,500,000 and 6,000,000 issued and outstanding as of June 30, 2025 and 2024, respectively	1,050	600	600
Subscription receivable	—	−600	−600
Additional paid-in capital	8	642,639	—
Statutory reserve	63,416	—	—
Deficits	−5	−5,819	862,072
Accumulated other comprehensive income	12,315	2,972	−244
Total equity	3	639,792	861,828
TOTAL LIABILITIES AND EQUITY	14	9	5

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30
Depreciation G&A	106,853	71,980	130,755
Depreciation cost of revenue	91,674	72,657	—
Amortization of intangible asset	53,427	—	—
Straight line lease expense of operating leases	2	1	826,284
Depreciation of right-of-use finance assets	32,681	30,712	—
Amortization of discount and bond issuance cost	138,994	—	—
Interest expense of convertible debenture	39,804	—	—
Deferred tax expense	68,022	−114,333	32,239
Interest income	−28,120	—	—
Loss from derecognition of shares in subsidiary	—	73,151	—
Loss on disposal of property and equipment	21,540	—	—
Accounts receivable third parties	−856,634	−722,522	−506,152
Accounts receivable related parties	376,728	−732,769	−28,887
Note receivable	−65,152	—	—
Contract assets	10,452	−84,766	54,441
Inventories, net	−96,534	—	—
Right of return assets	−141,687	—	—
Other receivable related parties	−24,028	328,820	—
Prepayment and other deposit third parties	−241,567	−12,377	—
Accounts payables third parties	1	699,644	—
Accounts payables related parties	−162,485	−137,691	—
Contract liabilities	15,355	—	—
Accrued expense and other payables	1	468,284	—
Refund liabilities	77,235	—	—
Tax payable	233,078	46,996	—
Operating lease liabilities	−2	−846,992	−833,365
Net cash used in operating activities	−3	−53,640	39,303
Purchase of property and equipment	−49,816	—	−18,288
Payment for leasehold improvement	−101,088	—	—
Net cash payment for asset acquisition	−552,721	—	—
Cash acquired from assets acquisition	276,365	—	—
Loan to related parties	−277,741	—	—
Interest received from loan to a third party	16,740	—	—
Payment made for investment in other entity	—	−29,906	—
Net cash outflow from deconsolidation of a subsidiary (Appendix A)	—	−48,893	—
Net cash used in investing activities	−688,261	−78,799	−18,288
Proceeds from loans	1	400,000	—
Repayment of loans	−533,440	−214,986	—
Net proceeds from issuance of convertible debentures	1	—	—
Repayment of principal of convertible debentures	−296,852	—	—
Proceeds from a loan from a related party	124,176	—	—
Repayment of equipment and vehicle loans	−115,699	−119,964	—
Principal payment of finance lease liabilities	−30,779	−29,628	−20,640
Payment for deferring offering cost	—	−170,000	−90,000
Proceeds from initial public offering, net of share issuance costs	5	—	—
Proceeds from a private placement, net of share issuance costs	3	—	—
Advances to related parties	−715,309	−23,969	—
Proceeds from shareholders	—	237,302	110,550
Repayment to shareholders	−805,345	—	−47,536
Net cash provided by (used in) financing activities	8	78,755	−253,088
Effect of exchange rate changes on cash	9,312	3,216	32,560
Net increase (decrease) in cash	5	−50,468	−199,513
Cash paid for income tax	2,415	—	—
Cash paid for interest	176,679	31,161	26,474
Deferred offering costs within due to shareholders	—	860,979	—
Deferred offering costs within accrued expense and other payables	—	541,819	—
Property additions included in loan payable	102,235	—	—
Property disposal through loan payable	93,770	—	—
Right of use assets obtained in exchange for operating lease obligations	1	2	—
Right of use assets obtained in exchange for finance lease obligation	89,003	19,982	—
Additions to property and equipment through accounts payable and other payable	20,552	—	—
Additions to leasehold improvement through accounts payable and other payable	84,794	—	—
Due to shareholder offset against due from related parties	311,185	—	—
Due to shareholder offset against loan receivables from a third party	243,982	—	—
Working capital, net	—	29,812	—
Investment in other entity recognized	—	−15,741	—
Elimination of NCl at deconsolidation of a subsidiary	—	10,187	—
Loss from deconsolidation of a subsidiary	—	−73,151	—

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