Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 289

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 289
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 or 3809.9%, from RMB 0.09 million, for the year ended September 30, 2023 to RMB 3.5 million, for the year ended September 30, 2024.

As a result of the foregoing, we reported a net profit of RMB 1.6 million for the year ended September 30, 2023, as compared to a net profit of RMB 19.2million for the year ended September 30, 2024.

Foreign currency translation adjustment amounted to RMB (5,985) and RMB (262,603) for the years ended September 30, 2023 and 2024, respectively. The balance sheet amounts, with the exception of equity, on September 30, 2024 were translated at $1.00 to RMB 7.0074, as compared to $1.00 to RMB 7.1798 on September 30, 2023. The equity accounts were stated at their historical rate. The average translation rates applied to the income statements accounts for the year ended September 30, 2024 was $1.00 to RMB 7.1177. The change in the value of the U.S. dollar relative to the RMB may affect our financial results reported in RMB terms without giving effect to any underlying change in our business or results of operation.

Liquidity and Capital Resources

To date, we have financed our operations primarily through cash flows from operations and loans from banks and related parties, if necessary. We plan to support our future operations primarily from cash generated from our operations and the business combination proceeds.

As reflected in our unaudited consolidated financial statements, we had net profit of RMB 2.2 million for the three months ended December 31, 2023, as compared to net profit of RMB 7.3 million for the three months ended December 31, 2024. As of September 30, 2024, we had cash and cash equivalents in aggregate of RMB 68.3 million compared to RMB 79.7 million as of December 31, 2024. We had working capital that amounted to RMB 75.1 million and RMB 82.8 million as of September 30, 2024 and as of December 31, 2024, respectively. Our working capital requirements are influenced by the size of our operations, the volume and value of our