Company: GRAN
Filing Date: 2025-01-30
Form Type: F-1/A
Source: 0001213900-25-008225
Chunk: 123

Company: Grande Group Ltd/HK
Filing Date: 2025-01-30
Form: F-1/A
Chunk 123
---
,263 |
| - Hong Kong                             |                      |           |   183,894 |     |   |   210,223 |
| - the PRC                               |                      |           |   207,790 |     |   |    63,282 |
| - Singapore                             |                      |           |    54,872 |     |   |   277,758 |
| Total                                   |                      | $         | 4,529,196 |     | $ | 3,870,967 |

Revenues derived from clients in Hong Kong increased by approximately $1.4million or 104.0% from $1.3million in the year ended March31, 2023 to $2.7million in the year ended March31, 2024. Revenues derived from clients in the PRC decreased by approximately $0.4million or 21.8% from $1.9million in the year ended March31, 2023 to $1.5million in the year ended March31, 2024. Revenues derived from clients in Singapore decreased by approximately $0.3million or 47.6% from $0.6million in the year ended March31, 2023 to $0.3million in the year ended March31, 2024. Cost of revenue Cost of revenue consists primarily of staff costs and project related costs. Our cost of revenue remained stable at approximately $1.5 million for both the years ended March31, 2024 and 2023. Gross profit Our gross profit increased by approximately $0.7 million, or 29.5%, from $2.3 million for the year ended March 31, 2023 to $3.0 million for the year ended March 31, 2024. Profit margin increased from approximately 60.0% in the year ended March31, 2023 and 66.5% in the year ended March31, 2024. The increase in gross profit margin in the year ended March31, 2024 was mainly attributable to an increase in the provision of IPO sponsorship services and underwriting and placing services while such services are provided by our in -houseemployees and their salaries, which are a core part of our cost of revenue, remained relatively stable.

69 General and administrative expenses General and administrative expenses were approximately 19.6% and 23.0% of total sales in the year ended March31, 2024 and the