Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 78

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 5
Chunk 78
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 of revenue

Our cost of revenue amounted
to approximately US$16.2 million, US$14.9 million and US$15.1 million in the years ended March 31, 2025, 2024 and 2023, respectively.

The table below sets forth
the breakdown of cost of revenue by service type for the years indicated.

                                 Year ended March 31,                                                                      
                                 2025                                      2024                      2023                  
                                 US$                                       US$                       US$                   
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Material – finished goods                                15,715,516                14,595,924                14,859,430  
  Material – tooling                                          448,823                   353,332                   210,789  
                                                           16,164,339                14,949,256                15,070,219  

Gross profit

Our gross profit increased by approximately 12.6% i. e. from approximately
US$2.2 million for the year ended March 31, 2024, to approximately US$2.4 million for the year ended March 31, 2025. The gross profit
increased mainly due to an increase in revenue.

Our gross profit increased by approximately 38.6% i. e. from approximately
US$1.6 million for the year ended March 31, 2023, to approximately US$2.2 million for the year ended March 31, 2024. The gross profit
increased mainly due to an increase in revenue.

General and administrative expenses

The following table sets forth
the breakdown of our general and administrative expenses for the year ended March 31, 2023, 2024 and 2025:

                                                      For the year ended March 31,                                
                                                                              2025           2024           2023  
                                                                               US$            US$            US$  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Depreciation expense                                                     273,956        115,810         92,639  
  Payroll expense                                                          462,693        660,933        708,374  
  Staff welfare                                                              3,105          5,830          7,701  
  Utilities expenses                                                         9,064          7,090          9,101  
  Expected credit (re