Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 288

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 288
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 year ended September 30, 2024 was $1.00 to RMB 7.1177. The change in the value of the
U.S. dollar relative to the RMB may affect our financial results reported in RMB terms without giving effect to any underlying change
in our business or results of operation.

Liquidity and Capital Resources

To date, we have financed
our operations primarily through cash flows from operations and loans from banks and related parties, if necessary. We plan to support
our future operations primarily from cash generated from our operations and the business combination proceeds.

As reflected in our
unaudited consolidated financial statements, we had net profit of RMB 2.2 million for the three months ended December 31, 2023, as compared
to net profit of RMB 7.3 million for the three months ended December 31, 2024. As of September 30, 2024, we had cash and cash equivalents
in aggregate of RMB 68.3 million compared to RMB 79.7 million as of December 31, 2024. We had working capital that amounted to RMB 75.1
million and RMB 82.8 million as of September 30, 2024 and as of December 31, 2024, respectively. Our working capital requirements
are influenced by the size of our operations, the volume and value of our client contracts, and the timing for collecting accounts receivable,
and repayment of accounts payable.

As reflected in our audited consolidated financial statements, we had net profit of RMB 1.6 million for the year ended September 30, 2023, as compared to net profit of RMB 19.2 million for the year ended September 30, 2024. As of September 30, 2023, we had cash and cash equivalents in aggregate of RMB 73.2 million compared to RMB 68.3 million as of September 30, 2024. We had working capital that amounted to RMB 79.2 million and RMB 75.1 million as of September 30, 2023 and 2024, respectively. Our working capital requirements are influenced by the size of our operations, the volume and value of our client contracts, and the timing for collecting accounts receivable, and repayment of accounts payable.

We believe that our current cash and cash flows provided by operating activities, loans from banks, and the