Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 324

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 324
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 total accounts receivable for the six months ended December 31, 2024. The Company sold a substantial portion of products to three customers who accounted for approximately 51.12%, 13.82% and 13.24%, respectively, of total sales during the six months ended December 31, 2023. As of December 31, 2023, the amounts due from these three customers included in accounts receivable were $2,341,249, $0 and $0, respectively, representing approximately 63.49% of total accounts receivable. There was another significant concentration of accounts receivable, which included one customer who accounted for approximately 13.09% of total accounts receivable for the six months ended December 31, 2023. The loss of one significant customer or failure to attract new customers could have a material adverse effect on our business, consolidated results of operations and financial condition. The Company purchased a substantial portion of materials from five suppliers who accounted for an aggregate of approximately 68.63% (19.64%, 13.78%, 13.03%, 11.15% and 11.02, respectively) of total purchases during the six months ended December 31, 2024. As of December 31, 2024, the Company had accounts payable to two of these three suppliers in total amount of $2,988,410, representing approximately 39.57% of total accounts payable. Besides the significant suppliers, there was another significant concentration of accounts payable, which represented approximately 34.48% of total accounts payable as of December 31, 2024. The Company purchased a substantial portion of materials from four suppliers who accounted for an aggregate of approximately 62.44% (19.92%, 18.04%, 14% and 10.47%, respectively) of total purchases during the six months ended December 31, 2023. As of December 31, 2023, the Company had no accounts payable to these suppliers. There was a significant concentration of accounts payable, which represented approximately 12.67% of total accounts payable as of December 31, 2023.

F-53

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS NOTE 22 — RELATED PARTY TRANSACTIONS 1) Nature of relationships with related parties

| Name                                                                        |     | Relationship with the Company                     |
| Jinchun