Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 378

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 378
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, while also closely monitoring the quality of our products. We generate revenues primarily from sales of commercial NEVs and components. We recorded net revenues of US$6.1million and US$0.4million in the fiscal years ended June30, 2024 and 2023, respectively. We recorded net loss of US$6.0million and US$6.6million in the fiscal years ended June30, 2024 and 2023, respectively. Key Factors that Affect Operating Results The demand for our heavy -dutycommercial NEVs is affected by various general factors, including (1) the macroeconomic conditions in China and the growth of the global and China’s heavy -dutycommercial NEV markets; (2) customer acceptance and penetration rate of heavy -dutycommercial NEVs, which are in turn affected by, among 182 other things, functionality and performance of heavy -dutycommercial NEVs, total cost of ownership and availability of energy refuel solutions; and (3) government policies and regulations for heavy -dutycommercial NEV industry, such as subsidies for heavy -dutycommercial NEV purchases and government grants for manufacturers. Changes in any of these general industry conditions could affect our business and results of operations. Specific Factors Affecting Our Results of Operations In addition to the general factors affecting the heavy -dutycommercial NEV market, our business and results of operations are also affected by specific factors, including the following major factors. Our ability to attract new customers and grow our customer base We intend to continue to enhance customer acquisition and accelerate the commercialization of our vehicles by deepening engagement with industry -leadingcorporate customers and providing tailored services. We plan to routinely communicate with industry customers to keep ourselves informed of their evolving business needs and develop vehicle models and features accordingly. Leveraging our hydrogen production capability, we also plan to assist our customers with energy supply and customize energy solutions for our customers. We believe such tailored product and service offerings will increase customer stickiness and expand our existing customer base. In addition, we plan to expand to broader regions across China to reach new prospective customers, by opening direct stores and developing more sales partners to serve as on -the -groundoutposts for customer outreach. Moreover, we will provide professional one -on -oneafter -salessupport to our major customers to ensure the optimal customer experience. Our competitiveness and continued expansion of our heavy-duty commercial NEV portfolio Competition in the heavy -dutycommercial NEV industry is intense and rapidly evolving.