Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 103

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 4A
Chunk 103
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                                                  2025                                                      2024                                         
                                                  US$                                                       US$                                          
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Gross (loss)/profit:                                                                                                                                   
  Sales of NEVs and components                                                      (851,537      (7.8                536,456      (339,194      (80.4   
  Provision of vehicle modification services                                         116,328      76.8                -            -             -       
  Leasing of NEVs                                                                     12,842      65.5                -            (18,122       (111.2  
  Others                                                                               9,201      35.2                -            -             -       
  Total gross (loss)/profit                                                         (713,166      (6.4                536,456      (357,316      (81.6   

Operating expenses

Our operating expenses include
general and administrative expenses, research and development expenses, selling and marketing expenses and impairment of long-lived assets.
The following table sets forth our operating expenses, in absolute amounts and as a percentage of our total revenues for the periods
indicated.

                                           For the years ended June 30,                                                                                   
                                           2025                                                                                                           
                                           US$                                                                                                            
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Operating expenses:                                                                                                                                     
  General and administrative expenses                                        10,707,685       96.3      3,863,434       63.2      2,926,280        668.1  
  Research and development expenses                                           1,545,278       13.9      1,698,494       27.8      2,297,474        524.6  
  Selling and marketing expenses                                                401,840        3.6        648,301       10.6      1,138,183        259.9  
  Impairment of long-lived assets                                                46,185        0.4        200,841        3.3              -            -  
  Total operating expenses                                                   12,700,988      114.2      6,411,070      104.9      6,361,937      1,452.6  

General and administrative expenses

Our
general and administrative expenses mainly consist of (1) professional service