Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 211

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part II, Item 8
Chunk 211
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154,344 in salaries and benefit expenses in the three months ended December 31, 2024, compared to $166,937 during the three months ended December 31, 2023. The decrease in our labor costs was primarily caused by the company decreasing the number of employees due to adjustments in its operational policies.

    ●
    $128,358 in office expenses during the three months ended December 31, 2024, compared to $223,303 during the three months ended December 31, 2023. The decrease was mainly attributable to the fact that the decline of business has led to a decrease in daily expenses.

Our net income for the three months ended December 31, 2024 was $501,599,
compared to a net income of $182,828 for the three months ended December 31, 2023. For the reasons discussed above, the company return
to profitability in the last quarter of 2024, as the government has recently introduced many policies to promote economic recovery. But
it may take some time for the situation to truly improve. Also, the company intends to improve its operations by adjusting its operational
policies.

Our reporting currency is the U.S. dollar.
Our local currency, the Renminbi (RMB), is our functional currency. Results of operations and cash flow are translated at average
exchange rates during the period being reported upon, and assets and liabilities are translated at the unified exchange rate as
quoted by OANDA on the balance sheet date. Translation adjustments resulting from this process are included in other comprehensive
income (loss). For the three months ended December 31, 2024 and 2023, foreign currency translation adjustments of $(62,057) and
$6,505, respectively, have been reported as other comprehensive income (loss) in the consolidated statement of operations and
comprehensive income (loss). 

3

Six Months Ended December 31, 2024 Compared to Six Months Ended
December 31, 2023

The following table shows key components of the unaudited results of
operations during the six months ended December 31, 2024 and 2023: 

    For the Six Months Ended  

    December 31,  

    2024  
    2023  
    Change 

    (Unaudited)  
    (Unaudited)  
    $  
    % 
  
    Total revenue 
    $2