Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 277

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 277
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4 million for the year ended September 30, 2023. For the year ended September 30, 2024, our operating expenses were RMB 72.9 million (USD 10.4 million), a decrease of RMB 14.8 million or 16.8% from the RMB 87.7 million for the year ended September 30, 2023. For the year ended September 30, 2024, our net income was RMB 19.2 million (USD 2.7 million), an increase of RMB 17.7 million or 1,138.4% from our net income of RMB 1.6 million for the year ended September 30, 2023.

Key Factors that Affect Operating Results

We believe the following key factors may affect our financial condition and results of operations:

Ability to Acquire and Retain Customers

VIWO’s revenue comes from providing intelligent digital technology services. Therefore, VIWO’s growth and profitability highly depends on its ability to retain and acquire customers who cooperate with VIWO to receive intelligent digital technology services. One of the ways VIWO measures growth is by the number of retained and new customers, and average revenue per customer. As of September 30, 2023, and September 30, 2024, VIWO and its subsidiaries had 89 and 62 customers respectively, among which 80 and 41 were new customers.

As of September 30, 2023, and September 30, 2024, the average revenue per customer for intelligent digital technology services was approximately RMB 3.1 million and RMB 5.3 million respectively. The average revenue per customer for VIWO’s intelligent digital technology services is calculated by dividing the total revenue in a given period by the number of customers who received VIWO’s services during that period. The increase in the average revenue per customer reflects the growth of major customers. Major customers have large business scales, diverse needs, and strong payment capabilities, which lead to an increase in the average revenue per customer.

As of September 30, 2023 and September 30, 2024, the number of customers with revenue contributions exceeding $10 million was 4 and 8, respectively. The growth in the number of major customers indicates that the company has made progress in customized services for top-tier major customers, research and development of exclusive products and other aspects. It has successfully attracted and retained such high-quality major customers, strengthening