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].