Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 63

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 63
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     |     Revenue 
 Proportion/ 
      Share, 
           % |     |           Revenue 
            Amount |     |     Revenue 
 Proportion/ 
      Share, 
           % |
| Sales of golf club shafts                              |     |    17,216,880 |     |        96.6 |     |    12,178,015 |     |        96.5 |     |        27,825,905 |     |        96.9 |     |        49,111,948 |     |        98.7 |
| Sales of sports accessories, food, beverage and others |     |       612,865 |     |         3.4 |     |       447,203 |     |         3.5 |     |           904,644 |     |         3.1 |     |           667,517 |     |         1.3 |
| Total                                                  |     |    17,829,745 |     |       100.0 |     |    12,625,218 |     |       100.0 |     |        28,730,549 |     |       100.0 |     |        49,779,465 |     |       100.0 |

Cost of Revenue The Group’s cost of revenue consists primarily of costs of product parts and materials purchased from manufacturers, labor costs, depreciation, maintenance, and other overhead related costs, such as salaries and related personnel expenses. Selling Expenses The Group’s selling expenses consist of personnel expenses and advertising expenses and shipping expenses. The Group expects its selling expenses to increase for the foreseeable future as the Group invests to support the growth of its expansion and to build out its sales force and marketing capabilities. General and Administrative Expenses The Group’s general and administrative expenses consist primarily of personnel -relatedexpenses for employees involved in general corporate functions, including executive and administration, legal, human resources, accounting, finance, tax, and information technology and outside professional services, including legal, audit and accounting services, as well as expenses for allocated facilities costs, such as office rent, depreciation, other general corporate expenses and travel. Personnel -relatedexpenses primarily include salaries and benefits compensation. The Group expects its general and administrative expenses to increase for the foreseeable future as it scales headcount with the growth of its business, and as a result of the expenses of operating as a public company, including compliance with the rules and regulations of the SEC,