Golden Heaven (GDHG) 6-K30 Jul 24Golden Heaven Group Holdings Ltd. Announces Financial Results for the First Half of Fiscal Year 2024Financial data

Company Profile

Document And Entity Information

Document And Entity Information	6 Months Ended
Document And Entity Information	Mar. 31, 2024
Document Information Line Items
Entity Registrant Name	GOLDEN HEAVEN GROUP HOLDINGS LTD.
Document Type	6-K
Current Fiscal Year End Date	--09-30
Amendment Flag	false
Entity Central Index Key	0001928340
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity File Number	001-41675

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)		Mar. 31, 2024	Sep. 30, 2023
CURRENT ASSETS
Cash and cash equivalents		$ 129,417	$ 245,908
Advances to suppliers and other current assets		3,684,106	14,433,069
Other receivables		55,598	57,723
TOTAL CURRENT ASSETS		3,869,121	14,736,700
NON CURRENT ASSETS
Property, plant and equipment, net		30,121,382	32,321,643
Right of use assets		10,134,250	6,151,204
Other non-current assets		38,791,543	29,017,886
TOTAL NON CURRENT ASSETS		79,047,175	67,490,733
TOTAL ASSETS		82,916,296	82,227,433
CURRENT LIABILITIES
Accounts payable		670,425	4,259,820
Accrued expenses and other payables		2,679,788	3,037,092
Tax payable		1,367,481	1,012,103
Advances from customers		2,764,597	5,732,349
Loan payables		195,772	139,280
Lease liability-current		812,055	346,005
TOTAL CURRENT LIABILITIES		8,490,118	14,526,649
NON-CURRENT LIABILITIES
Lease liability-non-current		9,414,944	5,805,199
Other non-current liabilities		240,310	237,472
Amount due to related party		480,106	607,355
TOTAL NON-CURRENT LIABILITIES		10,135,360	6,650,026
TOTAL LIABILITIES		18,625,478	21,176,675
STOCKHOLDER’S EQUITY
Ordinary shares, value	[1]
Additional paid-in capital		6,189,739	6,189,739
Statutory reserve		3,462,673	3,462,673
Retained Earnings		58,103,581	55,559,561
Accumulated other comprehensive income		(3,470,350)	(4,166,390)
Total stockholders’ equity		64,290,818	61,050,758
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		82,916,296	82,227,433
Class A Ordinary Shares
STOCKHOLDER’S EQUITY
Ordinary shares, value		4,175	4,175
Class B Ordinary Shares
STOCKHOLDER’S EQUITY
Ordinary shares, value		$ 1,000	$ 1,000

[1]On August 11, 2023, the Company’s shareholders approved (i) the increase of the Company’s authorized share capital from $50,000 divided into 500,000,000 ordinary shares of par value $0.0001 each, to $200,000 divided into 2,000,000,000 ordinary shares of par value $0.0001 each; (ii) the re-designation and re-classification of ordinary shares of the Company into Class A Ordinary Shares and Class B Ordinary Shares. The Company’s authorized share capital is $200,000 divided into 1,800,000,000 Class A Ordinary Shares of par value $0.0001 each and 200,000,000 Class B Ordinary Shares of par value $0.0001 each.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares		Mar. 31, 2024	Sep. 30, 2023
Ordinary shares, par value (in Dollars per share)	[1]	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	[1]	2,000,000,000	2,000,000,000
Ordinary shares, shares issued	[1]	51,750,000	51,750,000
Class A Ordinary Shares
Ordinary shares, par value (in Dollars per share)		$ 0.0001	$ 0.0001
Ordinary shares, shares authorized		1,800,000,000	1,800,000,000
Ordinary shares, shares issued		41,750,000	41,750,000
Class B Ordinary Shares
Ordinary shares, par value (in Dollars per share)		$ 0.0001	$ 0.0001
Ordinary shares, shares authorized		200,000,000	200,000,000
Ordinary shares, shares issued		10,000,000	10,000,000

[1]On August 11, 2023, the Company’s shareholders approved (i) the increase of the Company’s authorized share capital from $50,000 divided into 500,000,000 ordinary shares of par value $0.0001 each, to $200,000 divided into 2,000,000,000 ordinary shares of par value $0.0001 each; (ii) the re-designation and re-classification of ordinary shares of the Company into Class A Ordinary Shares and Class B Ordinary Shares. The Company’s authorized share capital is $200,000 divided into 1,800,000,000 Class A Ordinary Shares of par value $0.0001 each and 200,000,000 Class B Ordinary Shares of par value $0.0001 each.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 13,824,313	$ 20,061,212
Cost of revenue	6,642,323	5,600,112
Gross profit	7,181,990	14,461,100
Operating Expenses
General and administrative expenses	1,832,855	2,166,293
Selling expenses	1,828,201	1,862,762
Total operating expenses	3,661,056	4,029,055
Income from operations	3,520,934	10,432,045
Other (expenses) income
Interest income	2,556	32,517
Interest expenses	(3,474)	(3,030)
Gain on disposal of property, plant and equipment	226,077
Other income (expenses), net	246,407	(76,977)
Total other expenses, net	471,566	(47,490)
Profit before Income Tax	3,992,500	10,384,555
Income tax expense	(1,448,480)	(2,969,337)
Net Income	2,544,020	7,415,218
Other comprehensive income
Net income	2,544,020	7,415,218
Foreign currency translation	696,040	1,780,031
Comprehensive income	$ 3,240,060	$ 9,195,249
Earnings per share (in Dollars per share)	$ 0.05	$ 0.15
Weighted average number of ordinary shares (in Shares)	51,687,671	50,000,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders’ Equity - USD ($)	Ordinary shares Class A	Ordinary shares Class B	Ordinary shares	Statutory reserve	Retained earnings	Accumulative other comprehensive income	Additional paid-in capital	Total
Balance at Sep. 30, 2022			$ 5,000	$ 3,372,733	$ 49,099,917	$ (2,870,294)		$ 49,607,356
Balance (in Shares) at Sep. 30, 2022	40,000,000	10,000,000
Net income					7,415,218			7,415,218
Foreign currency translation						1,780,031		1,780,031
Balance at Mar. 31, 2023			5,000	3,372,733	56,515,135	(1,090,263)		58,802,605
Balance (in Shares) at Mar. 31, 2023	40,000,000	10,000,000
Balance at Sep. 30, 2023			5,175	3,462,673	55,559,561	(4,166,390)	$ 6,189,739	61,050,758
Balance (in Shares) at Sep. 30, 2023	41,750,000	10,000,000
Net income					2,544,020			2,544,020
Foreign currency translation						696,040		696,040
Balance at Mar. 31, 2024			$ 5,175	$ 3,462,673	$ 58,103,581	$ (3,470,350)	$ 6,189,739	$ 64,290,818
Balance (in Shares) at Mar. 31, 2024	41,750,000	10,000,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
Condensed Consolidated Statements of Cash Flows - USD ($)	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 2,544,020	$ 7,415,218
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	1,897,125	1,479,463
Gain on disposal of property, plant and equipment	(226,077)
Changes in operating assets and liabilities
Other receivables	2,808	(49)
Advances to suppliers and other current assets	1,491,311	(1,759,938)
Accounts payable	(3,589,395)
Accrued expenses and other payables	(1,926)	(456,848)
Advances from customers	(3,029,512)	(768,227)
Net cash (used in)/provided by operating activities	(911,646)	5,909,619
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment	(13,228)
Proceeds from disposal of equipment	1,042,988
Net cash provided by investing activities	1,029,760
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of amounts due to related parties	(127,249)	(899,965)
Proceeds from loan payable	54,705
Net cash used in financing activities	(72,544)	(899,965)
Effect of change in exchange rate	(162,061)	806,128
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(116,491)	5,815,782
Cash and cash equivalents, beginning of period	245,908	22,447,144
Cash and cash equivalents, end of period	129,417	28,262,926
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest expense	3,474	3,030
Cash paid for income tax	$ 1,123,505	$ 3,461,277