Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 22

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 22
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 and to implement necessary changes to our internal controls system. We cannot guarantee that we will be able to do so in a timely and effective manner. We may incur losses in the future. For the six months ended June30, 2024, the Company recorded net income of $2,398,841. For the years ended December 31, 2023 and December 31, 2022, the Company recordednet income of $5,567,174 and $4,369,424, respectively. We anticipate that our operating expenses, together with the increased general administrative expenses of a public company, will increase in the foreseeable future as we seek to maintain and continue to grow our business, in particular retail store expansion, attract potential customers, further enhance our service offering. Our expenses when expressed in US dollars also are exposed to increases due to depreciation of the Philippines Peso. These efforts may prove more expensive than we currently anticipate, and we may not succeed in increasing our revenue sufficiently to offset these higher expenses. As a result of the foregoing and other factors, we may incur net losses in the future and may be unable to achieve or maintain sufficient cash flows or profitability on a quarterly or annual basis for the foreseeable future. 12 Our historical financial and operating results are not a guarantee of our future performance. Our annual and periodic financial results vary from year to year and from period to period, in response to a number of factors that we cannot predict, such as general business outlook and sentiment, economic market conditions, employment rates, inflation and interest rates and consumer confidence. As such, we believe that our annual and periodic financial results are not a guarantee of our future economic performance and undue reliance should not be placed on such results for future speculative purposes. Inflation in the Philippines could negatively affect our profitability and growth. The economy of the Philippines experienced significant growth, leading to inflation and increased costs. In the Philippines, inflation rates are expected to temper between 3.2% and 3.6% in 2024 after ending 2023 at 6.0%, above the 2.0% to 4.0% target range set by the government. In year 2022, the average inflation rate was 5.8%. High inflation and monetary tightening are likely to soon weigh more significantly on domestic activity, which can negatively impact purchasing power and lead to tough financial decisions for company. Inflation refers to a broad rise in the prices of raw material and products over time, eroding purchasing power for company but in another