Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 283

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 283
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 six months ended March 31, 2024, mainly due to the uncertain global economy and our strategic adjustment. Many enterprises prioritized cutting their digital marketing budgets during periods of uncertain global economy, which results in a decline in customer demand. Moreover, in order to optimize the business structure, we actively adjusted our customer base, reducing our reliance on some low-quality customers and focusing on high-value customers, which has led to the decline in the revenue of the Martech. The Software development services revenue for the six months ended March 31, 2025 was RMB 67.4 million (USD 9.4 million), an increase of RMB 39.4 million or 140.9% from the RMB 28.0 million for the six months ended March 31, 2024, primarily because of we increased more Software development services for enterprise customers.

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Cost of revenue

The following table sets forth the breakdown of our cost of revenue for the six months ended March 31, 2024 and 2025:

|                      |     |                            For 
 the six months ended March 31, |              |   |     |         |       |   |     |      |              |   |     |         |       |   |     |          |             |   |     |   |       |    |
|                      |     |                           2024 |              |   |     |         |       |   |     | 2025 |              |   |     |         |       |   |     | Variance |             |   |     |   |       |    |
|                      |     |                           -RMB |              |   |     | %       
 of      
 cost of 
 revenue |       |   |     | -RMB |              |   |     | %       
 of      
 cost of 
 revenue |       |   |     | Amount   |             |   |     | % |       |    |
| Cost of revenue      |     |                                |              |   |     |         |       |   |     |      |              |   |     |         |       |   |     |          |             |   |     |   |       |    |
| Martech services     |     |                                | (74,864,453  | ) |     |         |  73.7 | % |     |      | (59,764,384  | ) |     |