Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 92

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 92
---
 $         ( 167,691  
 ──────────────────────────────────────────────────────────────────────────────────────────────────
  Provision adjustment for accounts receivable                   34,267                 ( 63,932  
  Exchange difference                                           ( 4,740                      366  
  Ending balance                                    $         ( 201,730      $         ( 231,257  

F-16

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED

NOTE 4 - INVENTORIES

Inventories as of June 30,
2025 and 2024 consisted of the following:

                                     2025                      2024                 
 ────────────────────────────────────────────────────────────────────────────────────
  Raw materials                      $          3,313,574      $         1,062,732  
  Work in process                               3,364,960                3,692,754  
  Finished goods                               10,735,974                5,331,456  
  Inventory valuation allowance                  ( 93,762                 ( 92,426  
  Total                              $         17,320,746      $         9,994,516  

NOTE 5 - ADVANCE TO SUPPLIERS

Advance to suppliers as of
June 30, 2025 and 2024 consisted of the following:

                                                       2025            2024  
 ─────────────────────────────────────────────────────────────────────────────
  Advance to suppliers                           $3,414,484      $4,062,866  
  Less: provision for advances to suppliers       ( 496,442       ( 184,139  
  Advance to suppliers, net                      $2,918,042      $3,878,727  

NOTE 6 - OTHER RECEIVABLES

Other receivables are mainly
non-trade receivables. As of June 30, 2025, and 2024, the outstanding balances were $111,804and $652,700, respectively.

NOTE 7 - PREPAID IPO COSTS

Prepaid IPO costs are professional
expenses related to initial public offering, which as of June 30, 2025 and 2024 consisted of the following:

                          2025                     2024                 
 ────────────────────────────────────────────────────────────────────────
  Audit fees              $           586,039      $           370,958  
  Legal fees                          235,846                  104,332