Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 113

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 113
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62.1 million or 12.7%. The increase in cost of revenue is in line with the increase in revenue.

| 79 |

Gross Profit

Our gross profit increased by approximately $1.0 million from approximately $2.5 million for the fiscal year ended June 30, 2024 to approximately $3.5 million for the fiscal year ended June 30, 2024. Our gross margins as a percent of revenue increased by 0. 1% from 0.5% for the fiscal year ended June 30, 2023 to 0.6% for the fiscal year ended June 30, 2024. The increase was primarily due to our ability to establish and retain long-term strategic relationships with suppliers, which provide us with the bargaining power to negotiate more favorable terms and pricing with our suppliers, resulting in improved cost efficiencies and higher gross margins.

Operating Expenses

The following table sets forth the breakdown of our operating expenses for the fiscal years ended June 30, 2024 and 2023:

|                                     |     | For the Fiscal Years Ended June 30, |           |     |      |      |   |     |      |           |     | Change |      |   |     |   |            |   |     |   |       |    |
|:------------------------------------|:----|------------------------------------:|----------:|:----|-----:|-----:|:--|:----|-----:|----------:|:----|:-------|-----:|:--|:----|:--|:-----------|:--|:----|:--|:------|:---|
|                                     |     |                                2024 |           |     |    % |      |   |     | 2023 |           |     | %      |      |   |     | $ |            |   |     | % |       |    |
| Operating expenses:                 |     |                                     |           |     |      |      |   |     |      |           |     |        |      |   |     |   |            |   |     |   |       |    |
| General and administrative expenses |     |                                   $ | 1,282,757 |     |      | 56.3 | % |     |    $ | 2,182,872 |     |        | 55.4 | % |     | $ | (900,115   | ) |     |