Company: QSJC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006089
Chunk: 63

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 63
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 forth key components
of our results of operations during the three months ended March 31, 2025 and 2024.

    2025  
    2024  
    Increase/ 
Decrease 
  
    Revenue 
    $19,097  
    $244  
    $18,853 
  
    Cost of revenue 
     (15,660) 
     (2,101) 
     (13,559)
  
    Gross profit (loss) 
     3,437  
     (1,857) 
     5,294 
  
    Selling and marketing expenses 
     (6,836) 
     (6,764) 
     (72)
  
    General and administrative expenses 
     (81,760) 
     (84,545) 
     2,785 
  
    Loss from operations 
     (85,159) 
     (93,166) 
     8,007 
  
    Other income 
     2  
     3  
     (1)
  
    Net loss 
    $(85,157) 
    $(93,163) 
    $8,006 

Revenue

We generated $19,097 in revenue for the three
months ended June 30, 2025 compared to $244 for the three months ended June 30, 2024, representing an increase in revenue of $18,853 or
7,726.6% compared to the three months ended June 30, 2024. The increase was mainly due to the increase in the quantity of ornament and
adornment products sold during the three months ended June 30, 2025. Since 2024, we have been experiencing intensified competition, resulting
in increased price sensitivity among our customers. We are redefining and adjusting our business strategy to gain a competitive advantage
in the market.

Cost of Revenue

Cost of revenue was $15,660 for the three months
ended June 30, 2025 compared to $2,101 for the three months ended June 30, 2024. Cost of revenue mainly consists of the cost of products
sold and labor costs. The increase in cost of revenue by $13,559 or 645.4% was mainly due to an increase in the volume of products sold,
as reflected in the increase in revenue.

Gross profit

Gross profit for the three months ended