Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 107

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 107
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 1,650 suppliers and approximately 2,158 customers registered on our platform as compared to 1,177 suppliers and 1,694 customers as of June 30, 2023. In addition, our product offerings covered approximately 2,482 SKUs and 1,977 SKUs as of June 30, 2024 and 2023, respectively.

We have achieved significant growth in profitability. Our net income for the fiscal year ended June 30, 2024 was approximately $2.1 million, representing an increase of approximately $2.7 million, or 446.6%, from net loss of approximately $0.6 million for the fiscal year ended June 30, 2023.

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Impact of Covid-19

Beginning in 2020, outbreaks of COVID-19 resulted in the temporary closure of many corporate offices, retail stores, and manufacturing facilities across China. Normal economic life throughout China was curtailed. We took a series of measures to protect our employees, including temporarily closing our offices, facilitating remote working arrangements for our employees, and rescheduling business meetings and travels. The temporary closure in early 2020 put significant strains on product shipping and delivery, which led to a decrease in demand and supply of our plastics and chemical raw materials products and higher fulfillment expenses, especially our shipping costs. The COVID-19 outbreaks and related restrictions also limited our suppliers’ ability to continue to operate by limiting the abilities to obtain raw materials and inventory, which led to disruption in our supply chain, and also increased our fulfillment expenses.

Further, the recurrence of COVID-19 outbreaks in certain provinces of China due to the Delta and Omicron variants since December 2021 again resulted in the temporary closure of many corporate offices, hardware stores, manufacturing facilities and factories in the affected regions, which has adversely affected the procurement demand. As a result of the foregoing, we have experienced strains on product shipping and delivery activities. Specifically, the citywide lockdown in Shanghai during April and May 2022 due to the COVID-19 resurgence led to the temporary closure of our offices in Shanghai and the surrounding regions. The intercity logistics was also adversely impacted by such lockdown, which gave rise to the delayed delivery of our products, particularly in April 2023. In response to such impact, we promptly adjusted our fulfillment arrangements, and have soon recovered and resumed our supply chain capabilities since May 2022.

China lifted most of its travel restrictions and quarantine requirements in December 2022. There were sur