Company: LDDD
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-042963
Chunk: 33

Company: Longduoduo Co Ltd
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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Our operating expenses consist primarily of advertising
and promotion expenses, salaries and benefits, office expenses, professional fees and depreciation and amortization. Our operating expenses
during the nine months ended March 31, 2025 decreased by $1,206,975, primarily attributable to:

●$1,557,417
in advertising and promotion expenses incurred during the nine months ended March 31, 2025, compared to $2,667,233 recorded during the
nine months ended March 31, 2024. The decrease was primarily attributable to a tactical decision by Management to reduce marketing
expense while we await an economic recovery that will fund an increase in non-essential medical expenditures. Over the longer term, we
intend to continue to devote available resources to expanded advertising and promotion expense for the purpose of achieving a broader
market.

●$429,089
in salaries and benefit expenses in the nine months ended March 31, 2025, compared to $494,416 during the nine months ended March 31,
2024. The decrease in our labor costs was primarily caused by the company decreasing the number of employees due to adjustments in its
operational policies.

●$537,573
in office expenses during the nine months ended March 31, 2025, compared to $599,169 during the nine months ended March 31, 2024. The
decrease was mainly attributable to the fact that the decline of business has led to a decrease in daily expenses.

Our net income for the nine months ended March
31, 2025 was $325,775, compared to a net income of $995,541 for the nine months ended March 31, 2024. As noted above, the current economic
environment has led to reduction in patient use of medical services. The government has recently introduced many policies to promote economic
recovery. But it may take some time for the situation to truly improve. Also, the Company intends to improve its operations by adjusting
its operational policies. 

Our reporting currency is the U.S. dollar. Our
local currency, the Renminbi (RMB), is our functional currency. Results of operations and cash flow are translated at average exchange
rates during the period being reported upon, and assets and liabilities are translated at the unified exchange rate as quoted by OANDA
on the balance sheet date. Translation adjustments resulting from this process are included in other comprehensive income (loss). For
the nine months ended March