Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 282

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 282
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 to RMB 13.1 million, for the three months ended March 31, 2025, which was mainly due to the slowdown in the progress of outsourced technical development services.

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Provision for income taxes

Our operating subsidiaries are subject to income taxes within PRC at the applicable tax rate on taxable income. Our income tax expenses increase RMB 1.9 million or 6,302.1%, from RMB 29,389 for the three months ended March 31, 2024 to RMB 1.9 million, for the three months ended March 31, 2025.

As a result of the foregoing, we reported a net loss of RMB 0.1 million for the three months ended March 31, 2024, as compared to a net profit of RMB 9.4 million for the three months ended March 31, 2025.

Foreign currency translation loss amounted to RMB 742 and RMB 31,081 for the three months ended March 31, 2024 and 2025, respectively. The balance sheet amounts, with the exception of equity, on March 31, 2025 were translated at $1.00 to RMB 7.1782, as compared to $1.00 to RMB 7.0074 on September 30, 2024. The equity accounts were stated at their historical rate. The average translation rates applied to the income statements accounts for the three months ended March 31, 2025 was $1.00 to RMB 7.1759. 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.

Six Months Ended March 31, 2024, Compared to the Six Months Ended March 31, 2025

Revenue

The following table sets forth our revenue for the six months ended March 31, 2024 and 2025, respectively:

|                      |     |                            For 
 the six months ended March 31, |             |     |         |       |   |     |      |             |     |         |       |   |     |          |             |   |     |   |       |    |
|                      |     |                           2024 |             |     |         |       |   |     | 2025