Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 65

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 5
Chunk 65
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,868,925               110.1                  2,611,815                80.4
 
10

 

Cost of sales of NEVs and components
 
Our cost of sales of NEVs and components includes costs for vehicle parts, materials, processing charges, labor costs, manufacturing overheads (including depreciation of assets associated with the production) and reserves for estimated warranty expenses. Cost of sales of NEVs and components also includes write-down of the carrying value of the inventories when it exceeds its estimated net realizable value and to provide write-down for inventories that are either obsolete or in excess of forecasted demand.
 
Cost of provision of vehicle modification services
 
Our cost of provision of vehicle modification services generally includes cost of parts, materials, labor costs, costs associated with providing after-sales services and depreciation of associated assets used for providing the services.
 
Cost of leasing of NEVs
 
Our cost related to leasing of NEVs primarily consists of depreciation of the leased vehicles.
 
Gross profit/(loss) and gross profit/(loss) margin
 
The following table sets forth the breakdown of our gross loss and gross loss margin by revenue streams for the periods indicated.
 

                                                                       For the fiscal years ended June 30,                                                       For the six months ended December 31,                      
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                                             2024                                       2023                                            2024                                           2023                                 
                                                US$                            %             US$                       %                   US$                                %             US$                            %
Gross profit/(loss):                                                                                                                                                                                                        
Sales of NEVs and components                         536,456                 8.8                  (339,194   )              (77.4   )           (799,222   )              (11.4   )              636,351                19.6
Provision of vehicle modification services           -                         -                         -                      -                 73,957                   74.2                  -                         -
Leasing of NEVs                                      -                         -                   (18,122   )               (4.2   )              4,008                   57.6                  -                         -
Total gross profit/(loss)                            536,456                 8.8                  (357,316   )              (81.6   )           (721,257   )              (10.1   )              636,351                19.6
 
11

 

Operating expenses
 
Our operating expenses include general and administrative expenses, research and development expenses, selling and marketing expenses and impairment of long