Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 59

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 59
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     |                    16,103,009 |     | 13,127,826 |     |  18.48 | % |
| Copper alloy ingots |     |                     8,242,906 |     |  6,117,822 |     |  25.78 | % |     |                    12,794,898 |     |  8,141,344 |     |  36.37 | % |
| Slag                |     |                       827,920 |     |          — |     |    100 | % |     |                             — |     |          — |     |      — |   |
| Total               |     |                    18,670,799 |     | 14,580,835 |     | 21.91% |   |     |                    31,097,022 |     | 22,823,854 |     | 26.60% |   |

Our gross profit was $4,089,964 for the six months ended June 30, 2024, as compared to gross profit of $8,273,168 for the six months ended June 30, 2023. Our gross margin was 21.91% for the six months ended June 30, 2024, as compared to gross margin of 26.60% for the six months ended June 30, 2023. The decreasing margin for the six months ended June 30, 2024 is due to more fixed cost been allocated in, and also the price increase in raw material. Operating Expenses Total operating expenses increased by $290,174 or 34.78% to $1,124,427 for the six months ended June 30, 2024 from $834,253 for the six months ended June 30, 2023. Our selling expenses for the six months ended June30, 2024, decreased by $188,510 compared to the same period in the prior year. This decline in selling and marketing expenses is attributable to reduced sales activity in the first half of 2024, primarily due to the operational downtime for the relocation and installation of equipment in the new plant site from January to March 2024. General and administrative expenses for the six months ended June30, 2024, increased by $478,684 compared to the same period in 2023. This increase was primarily driven by an additional $148,363 in depreciation, resulting from our investment