Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 282

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 282
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 increase in total gross profit was mainly due to we have expanded our market share, improved our marketing technology and service methods, and reduced service costs. Our total gross profit margin increased by 5.8% from 27.1% for the three months ended December 31, 2023 to 32.9% for the three months ended December 31, 2024, mainly due to the business volume of Software development services has improved to some extent, resulting in an increase in the gross profit margin.

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Operating expenses

Our operating expenses consist of the following:

|                                     |     | For the three months ended December 31, |             |   |     |      |             |   |     |          |            |   |     |          |        |    |
|                                     |     |                                    2023 |             |   |     | 2024 |             |   |     | Variance |            |   |     | % of     
 variance |        |    |
| Selling and marketing expenses      |     |                                         |    (593,164 | ) |     |      | (519,234    | ) |     |          |     73,930 |   |     |          | (12.5  | )% |
| General and administrative expenses |     |                                         |     341,231 |   |     |      | (2,797,708  | ) |     |          | (3,138,939 | ) |     |          | (919.9 | )% |
| Research and development expenses   |     |                                         | (17,129,823 | ) |     |      | (13,189,633 | ) |     |          |  3,940,190 |   |     |          | (23.0  | )% |
| Total operating expenses            |     |                                         | (17,381,756 | ) |     |      | (16,506,575 | ) |     |          |    875,181 |   |     |          | (5.0   | )% |

Our general and administrative expenses mainly represented payroll expenses, amortization of operating lease right-of-use assets, and service costs. Our general and administrative expenses increased by RMB 3.1 million, or 919.9%, from RMB (0.3) million for the three months ended December 31, 2023 to RMB 2