Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 57

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 57
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,289,122 |
| Aluminum alloy      |     |               20,740,290 |     |  9,648,625 |     | 17,303,201 |     | 13,166,345 |     |  6,057,395 |     | 11,694,756 |
| Copper alloy ingots |     |               17,776,581 |     |  2,277,418 |     | 13,029,755 |     | 28,730,475 |     |  3,736,320 |     | 22,188,048 |
| Total               |     |               41,270,484 |     | 12,423,691 |     | 32,388,301 |     | 44,521,486 |     | 10,297,075 |     | 36,171,926 |

Our gross profit for the fiscal year ended December31, 2023, was $8,882,183, compared to $8,349,560 for the fiscal year ended December31, 2022. Our gross margin increased to 21.52% in FY2023, up from 18.75% in FY2022. The growth in gross profit for FY2023 is primarily due to higher sales of products with better profit margins compared to FY2022. The increase in gross margin is driven by a larger proportion of total revenue coming from aluminum alloy, which has a higher margin than copper alloy ingots. The margin for aluminum increased to 16.57% in FY2023, up from 11.18% in FY2022. The quantity of aluminum sold in FY2023 rose to 9,648,625 kilograms, compared to 6,057,395 kilograms in FY2022, while copper sales decreased from 3,736,320 kilograms in FY2022 to 2,277,418 kilograms in FY2023. Operating Expenses Total operating expenses decreased by $413,689 or 20.31% to $1,623,684 for the fiscal year ended December 31, 2023 from $2,037,373 for the fiscal year ended December 31, 2022. Our selling expense increased by $81,837 for the fiscal year ended December 31, 2023 as compared to the fiscal year ended December 31, 2022. The general and administrative expenses decreased by $495,526 for the fiscal