Principle of Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Peaker International Trade Group Limited or “Peaker” and Peaker’s wholly owned subsidiary Zhejiang Jingmai Electronic Commerce Ltd., in China. All significant inter-company accounts and transactions have been eliminated in consolidation.

Use of Estimates

Use of Estimates

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods.

For valuation allowance for deferred tax assets, Management assumes that the realization of the Company’s net deferred tax assets resulting from its net operating loss (“NOL”) carry–forwards for Federal income tax purposes that may be offset against future taxable income was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by a full valuation allowance. Management made this assumption based on (a) the Company has incurred recurring losses, (b) general economic conditions, and (c) its ability to raise additional funds to support its daily operations by way of a public or private offering, among other factors.

Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the consolidated financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.

Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly.

The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Revenue Recognition

Revenue Recognition

The Company recognizes revenues when control of the promised goods or services is transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. In that determination, under ASC 606, the Company follows a five-step model that includes: (1) determination of whether a contract, an agreement between two or more parties that creates legally enforceable rights and obligations, exists; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when (or as) the performance obligation is satisfied.

Leases

Leases

The Company determines if an arrangement is a lease or contains a lease at inception. Operating lease right-of-use assets and lease liabilities are recognized at commencement based on the present value of lease payments over the lease term. As the implicit rate is typically not readily determinable in the Company’s lease agreements, the Company uses its incremental borrowing rate as of the lease commencement date to determine the present value of the lease payments. The incremental borrowing rate is based on the Company’s specific rate of interest to borrow on a collateralized basis, over a similar term and in a similar economic environment as the lease. Lease expense is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recognized on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Additionally, the Company accounts for lease and non-lease components as a single lease component for its identified asset classes. As of June 30, 2020, the Company doesn’t have any finance lease.

Income Tax

Income Tax

Income tax returns are filed in federal, state, local and foreign jurisdictions as applicable. Provisions for current income tax liabilities are calculated and accrued on income and expense amounts expected to be included in the income tax returns for the current year. Income taxes reported in earnings also include deferred income tax provisions and provisions for uncertain tax positions.

Deferred income tax assets and liabilities are computed on differences between the financial statement bases and tax bases of assets and liabilities at the enacted tax rates. Changes in deferred income tax assets and liabilities associated with components of other comprehensive income are charged or credited directly to other comprehensive income. Otherwise, changes in deferred income tax assets and liabilities are included as a component of income tax expense. The effect on deferred income tax assets and liabilities attributable to changes in enacted tax rates are charged or credited to income tax expense in the period of enactment. Valuation allowances are established for certain deferred tax assets when realization is less than more likely than not.

Liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions, in our judgment, do not meet a more-likely-than-not threshold based on the technical merits of the positions. Additionally, liabilities may be established for uncertain tax positions when, in our judgement, the more-likely-than-not threshold is met, but the position does not rise to the level of highly certain based upon the technical merits of the position. Estimated interest and penalties related to uncertain tax positions are included as a component of income tax expense.

Nevada		35-2606208
(State or other jurisdiction		(IRS Employer
of incorporation or organization)		Identification No.)

Floor 6, Building 6 LuGang WebMall Town, ChouJiang, YiWu Jinhua City, Zhenjiang Province China		322000
(Address of principal executive offices)		(Zip Code)

Title of Each Class		Trading Symbol		Name of Each Exchange on which registered
Common Stock		SDWL		n/a

PART I

ITEM 1.	BUSINESS	4
ITEM 1A.	RISK FACTORS	6
ITEM 1B.	UNRESOLVED STAFF COMMENTS	6
ITEM 2.	PROPERTIES	6
ITEM 3.	LEGAL PROCEEDINGS	7
ITEM 4.	MINE SAFETY DISCLOSURES	7

PART II

ITEM 5.	MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES	7
ITEM 6.	SELECTED FINANCIAL DATA	8
ITEM 7.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION	8
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 AND FINANCIAL DISCLOSURE	13
ITEM 9A	CONTROLS AND PROCEDURES	13
ITEM 9B.	OTHER INFORMATION	15

PART III

ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	15
ITEM 11.	EXECUTIVE COMPENSATION	16
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	17
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE	17
ITEM 14	PRINCIPAL ACCOUNTING FEES AND SERVICES	18

PART IV

ITEM 15.	EXHIBITS, FINANCIAL STATEMENT SCHEDULES	19

SIGNATURES		20

	6/30/20			6/30/19
Revenues	$	253,803		$	1,500
Net Loss	$	(57,003	)	$	(21,319	)
Net Loss Per Share, Basic and Diluted	$	(0.01	)	$	(0.00	)
Weighted Average No. Shares, Basic and Diluted		6,960,000			5,568,057
Stockholders’ Equity	$	(96,376	)	$	1,473
Total Assets	$	4,275,455		$	17,202
Total Liabilities	$	4,371,832		$	15,729

Line Item	6/30/2020			6/30/2019			Increase (Decrease)			Percentage Increase (Decrease)

Revenues	$	253,803		$	1,500		$	252,303			16,820	%
Operating expenses		97,319			22,819			74,499			326	%
Other income		131			-			131			100	%
Net loss		(57,003	)		(21,319	)		35,684			167	%
Loss per share of common stock		(0.01	)		(0.00	)		(0.01	)		100	%

/s/ SS Accounting & Auditing, Inc.

Plano, TX
November 4, 2020

We have served as the Company’s auditor since 2020.

	June 30, 2020			June 30, 2019

ASSETS

Current Assets
Cash and cash equivalents	$	4,271,326		$	17,202
Prepaid expense		4,129			-
		4,275,455			17,202

Total Assets	$	4,275,455		$	17,202

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Current Liabilities
Accounts payable	$	47,085		$	755
Related party loans		19,974			14,974
Payroll payable		3,356			-
Tax payable		2,526			-
Advances and deposits		3,972,500			-
Advances and deposits - Related party		302,000			-
Other payable		23,061			-
Other payable - Related party		1,330			-
Total Liabilities		4,371,832			15,729

Stockholders’ Equity (deficit)
Preferred Stock, $0.001 par value, 20,000,000 shares authorized;		-			-
Common Stock, $0.001 par value, 1,000,000,000 shares authorized; 6,960,000 and 6,960,000 shares issued and outstanding at June 30, 2020 and June 30, 2019, respectively		6,960			6,960
Additional paid-in capital		16,310			17,640
Accumulated deficit		(80,130	)		(23,127	)
Accumulated other comprehensive loss		(39,516	)		-
Total stockholders’ equity (deficit)		(96,376	)		1,473
Total Liabilities and Stockholders’ Equity	$	4,275,455		$	17,202

	For the years ended June 30,
	2020			2019

Revenue	$	253,803		$	1,500
Cost of Revenue		213,617			-
Gross Profit		40,185			1,500

Expenses
Professional expenses		86,152			16,938
General and administrative expenses		11,167			5,881
Total expenses		97,319			22,819

Loss from operations		(57,134	)		(21,319	)

Other income (expense)
Interest income		161			-
Bank charges		(30	)		-
Other income, net		131			-

Loss before income taxes		(57,003	)		(21,319	)

Income Tax Expense		-			-

Net loss after tax	$	(57,003	)	$	(21,319	)

Other comprehensive income
Foreign currency translation loss		(39,516	)		-

Total Comprehensive Loss	$	(96,519	)	$	(21,319	)

Basic and diluted net loss per common share	$	(0.01	)	$	(0.00	)

Weighted-average number of common shared outstanding		6,960,000			5,568,057

					Additional						Accumulated Other			Total
	Common Stock				Paid-in			Accumulated			Comprehensive			Stockholders’
	Shares		Amount		Capital			Deficit			Loss			Equity


July 1, 2019 Opening Balance		6,960,000	$	6,960	$	17,640		$	(23,127	)	$	-		$	1,473

Issuance of common shares for cash		-		-		-			-			-			0
Investment		-		-		(1,330	)		-			-			(1,330	)
Net loss after tax		-		-		-			(57,003	)		-			(57,003	)
Foreign currency translation adjustment		-		-		-			-			(39,516	)		(39,516	)

Balance June 30, 2020		6,960,000	$	6,960	$	16,310		$	(80,130	)	$	(39,516	)	$	(96,376	)

	●	Level 1 – inputs are based upon unadjusted quoted prices for identical instruments in active markets.

	●	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

	●	Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability.

Related Parties		Relationship
HangJin Chen		President/CEO/CFO/Secretary/Director
Youcheng Chen		Father of CEO HangJin Chen
Li Weiwei		President/CEO/CFO/Secretary/Director (Former)

	June 30, 2020			June 30, 2019
Deferred:
Federal	$	(11,971	)	$	(4,477	)
State		11,971			4,477
Income tax expense (benefit)	$	—		$	—

	June 30, 2020			June 30, 2019

Net Deferred Tax Asset
Net Operating Loss Carry-Forward	$	78,322		$	21,319
Effective tax rate		21	%		21	%
Expected Income Tax Benefit from NOL Carry-Forward		16,447			4,477
Less: Valuation Allowance		(16,447	)		(4,477	)
Deferred Tax Asset, Net of Valuation Allowance	$	-		$	-

	For the year ended June 30, 2020			For the year ended June 30, 2019

Federal statutory income tax rate		21.0	%		21.0	%
Increase (reduction) in income tax provision resulting from:
Net Operating Loss (NOL) carry-forward		(21.0	%)		(21.0	%)
Effective income tax rate		0.0	%		0.0	%

Purchase price	$	1,330

Cash	$	-
Total assets:	$	-
Less: liabilities assumed		-
Net assets acquired		-
Purchase price in excess of net assets acquired	$	1,330

●	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 Held

HangJin Chen	31	CEO, CFO President, Treasurer, Secretary and Director since 2020

Name	Number of Shares Beneficially Owned(1)		Percent of Outstanding Shares(1)
HangJin Chen		5,000,000		71.84	%
Floor 6, Building 6
LuGang WebMall Town, ChouJiang, YiWu, China

Officers and directors as a group (one person)		5,000,000		71.84	%

	●	Report of SS Auditing and Accounting, Inc., Independent Registered Certified Public Accounting Firm for the fiscal year ended June 30, 2020

	●	Report of Michael Gillespie & Associates, PLLC, Independent Registered Certified Public Accounting Firm for the fiscal year ended June 30, 2019

	●	Balance Sheets as of June 30, 2020 and 2019 (audited)

	●	Statements of Operations for the years ended June 30, 2020 and 2019 (audited)

	●	Statements of Changes in Stockholders’ Equity for the period from Juloy 1, 2019 to June 30, 2020 (audited)

	●	Statements of Cash Flows for the years ended June 30, 2020 and 2019 (audited)

	●	Notes to Financial Statements

Exhibit No.		Identification of Exhibit

31.1.		Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2.		Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of Officers pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

	Shengda Network Technology, Inc.
	(Registrant)

	By	/s/ HangJin Chen
		HangJin Chen
		President, Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer

	Date:	November 13, 2020

	By	/s/ HangJin Chen
		HangJin Chen
		Sole Director, President, Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer

	Date:	November 13, 2020

	1.	I have reviewed this Form 10-K for the period ended June 30, 2020 of Shengda Network Technology, Inc.;

	2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

	3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

	4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	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 over financial reporting 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: November 13, 2020

/s/ HangJin Chen
HangJin Chen
Principal Executive Officer

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jun. 30, 2020	Nov. 13, 2020	Dec. 31, 2019
Cover [Abstract]
Entity Registrant Name	Shengda Network Technology, Inc.
Entity Central Index Key	0001753931
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Current Fiscal Year End Date	--06-30
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		6,960,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020

Consolidated Balance Sheets - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Current Assets
Cash and cash equivalents	$ 4,271,326	$ 17,202
Prepaid expense	4,129
Total Current Assets	4,275,455	17,202
Total Assets	4,275,455	17,202
Current Liabilities
Accounts payable	47,085	755
Related party loans	19,974	14,974
Payroll payable	3,356
Tax payable	2,526
Advances and deposits	3,972,500
Advances and deposits - Related party	302,000
Other payable	23,061
Other payable - Related party	1,330
Total Liabilities	4,371,832	15,729
Stockholders' Equity (deficit)
Preferred Stock, $0.001 par value, 20,000,000 shares authorized;
Common Stock, $0.001 par value, 1,000,000,000 shares authorized; 6,960,000 and 6,960,000 shares issued and outstanding at June 30, 2020 and June 30, 2019, respectively	6,960	6,960
Additional paid-in capital	16,310	17,640
Accumulated deficit	(80,130)	(23,127)
Accumulated other comprehensive loss	(39,516)
Total stockholders' equity (deficit)	(96,376)	1,473
Total Liabilities and Stockholders' Equity	$ 4,275,455	$ 17,202

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Jun. 30, 2019
Statement of Financial Position [Abstract]
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	20,000,000	20,000,000
Preferred Stock, shares issued
Preferred Stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	6,960,000	6,960,000
Common stock, shares outstanding	6,960,000	6,960,000

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenue	$ 253,803	$ 1,500
Cost of Revenue	213,617
Gross Profit	40,185	1,500
Expenses
Professional expenses	86,152	16,938
General and administrative expenses	11,167	5,881
Total expenses	97,319	22,819
Loss from operations	(57,134)	(21,319)
Other income (expense)
Interest income	161
Bank charges	(30)
Other income, net	131
Loss before income taxes	(57,003)	(21,319)
Income Tax Expense
Net loss after tax	(57,003)	(21,319)
Other comprehensive income
Foreign currency translation loss	(39,516)
Total Comprehensive Loss	$ (96,519)	$ (21,319)
Basic and diluted net loss per common share	$ (0.01)	$ 0
Weighted-average number of common shared outstanding	6,960,000	5,568,057

Consolidated Statement of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Beginning balance at Jun. 30, 2018	$ 5,000		$ (1,808)		$ 3,192
Beginning balance, shares at Jun. 30, 2018	5,000,000
Issuance of common shares for cash	$ 1,960	17,640			19,600
Issuance of common shares for cash, shares	1,960,000
Net income (loss) after tax				(21,319)	(21,319)
Foreign currency translation adjustment
Ending balance at Jun. 30, 2019	$ 6,960	17,640	(23,127)		1,473
Ending balance, shares at Jun. 30, 2019	6,960,000
Issuance of common shares for cash					0
Investment		(1,330)			(1,330)
Net income (loss) after tax			(57,003)		(57,003)
Foreign currency translation adjustment				(39,516)	(39,516)
Ending balance at Jun. 30, 2020	$ 6,960	$ 16,310	$ (80,130)	$ (39,516)	$ (96,376)
Ending balance, shares at Jun. 30, 2020	6,960,000

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (57,003)	$ (21,319)
Changes in Operating Assets and Liabilities:
Prepaid expenses	(4,144)	4,166
Accounts payable	46,330	755
Payroll payable	3,373
Tax payable	2,538
Other payable	23,061
Other payable - Related party	1,330
Net cash provided by/ (used in) operating activities	14,155	(16,398)
CASH FLOWS FROM FINANCING ACTIVITIES
Related party loan	5,000	9,000
Proceeds from sales of common stock to related party	302,000
Proceeds from sales of common stock	3,972,500	19,600
Net cash provided by financing activities	4,279,500	28,600
Effect of exchange rate fluctuation on cash and cash equivalents	(39,531)
Net increase in cash	4,254,124	12,202
Cash, beginning of period	17,202	5,000
Cash, end of period	4,271,326	17,202
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for: Income tax
Cash paid during the period for: Interest

Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2020 CNY (¥)
Cash at FDIC insurance	$ 250,000	$ 250,000
Cash at bank	4,269,349	0
Sales	253,803	1,500
Cost of sales	$ 213,617
Revenue [Member] \| One Major Customer [Member]
Concentrations of credit risk percentage	100.00%
Revenue [Member] \| One Major Vendor [Member]
Concentrations of credit risk percentage	100.00%
FSD Insurance [Member] \| RMB [Member]
Cash at FDIC insurance \| ¥			¥ 500,000

Going Concern (Details Narrative) - USD ($)	12 Months Ended
Going Concern (Details Narrative) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ (57,003)	$ (21,319)
Net cash provided by operating activities	14,155	(16,398)
Accumulated deficit	$ (80,130)	$ (23,127)

Accounts Payable (Details Narrative) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Payables and Accruals [Abstract]
Accounts payable	$ 47,085	$ 755