Company: QSJC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006089
Chunk: 50

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 50
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 through Qiansui Media.

 Following the consummation of the Contribution,
our Company, through its wholly owned PRC subsidiary Qiansui Media, has been engaged in the business of selling ornament and adornment
products related to “Jue Cheng” culture and creating cultural tourism programs. Located in close proximity to PangQuanGou
National Nature Reserve in Jiaocheng County, Shanxi Province, China, Qiansui Media has leveraged the rich heritage of “Jue Cheng”
culture to develop innovative peripheral cultural products and large-scale recreational tourism projects.

 17 

Results of Operations

Comparison for The Three Months Ended June
30, 2025 and 2024

The following table sets forth key components
of our results of operations during the three months ended March 31, 2025 and 2024.

    2025  
    2024  
    Increase/ 
Decrease 
  
    Revenue 
    $19,097  
    $244  
    $18,853 
  
    Cost of revenue 
     (15,660) 
     (2,101) 
     (13,559)
  
    Gross profit (loss) 
     3,437  
     (1,857) 
     5,294 
  
    Selling and marketing expenses 
     (6,836) 
     (6,764) 
     (72)
  
    General and administrative expenses 
     (81,760) 
     (84,545) 
     2,785 
  
    Loss from operations 
     (85,159) 
     (93,166) 
     8,007 
  
    Other income 
     2  
     3  
     (1)
  
    Net loss 
    $(85,157) 
    $(93,163) 
    $8,006 

Revenue

We generated $19,097 in revenue for the three
months ended June 30, 2025 compared to $244 for the three months ended June 30, 2024, representing an increase in revenue of $18,853 or
7,726.6% compared to the three months ended June 30, 2024. The increase was mainly due to the increase in the quantity of ornament and
adornment products sold during the three months ended June 30, 2025. Since 2024, we