Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 130

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 130
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net) increased by approximately $0.28 million, or 713.54%, to approximately $0.32 million for the fiscal year ended June 30, 2024, from approximately $0.04 million for the fiscal year ended June 30, 2023. The increase was mainly due to (1) an increase in government grants received by us during the period; and (2) a one -timeincrease in revenue generated from the resale of externally sourced ternary battery powder, a key raw material used in the production of ternary lithium batteries, which are widely adopted in electric vehicles, which was non -recurringin nature and not indicative of our core operating performance. Net other income as of June30, 2024 and 2023 consisted of the following:

|                                              |     |   |     2024 |   |     |   |    2023 |   |
|:---------------------------------------------|:----|:--|---------:|:--|:----|:--|--------:|:--|
| Government grant                             |     | $ |  267,768 |   |     | $ |   8,888 |   |
| VAT refund                                   |     |   |   10,293 |   |     |   | 128,336 |   |
| Financial guarantee service and bank charges |     |   |  (66,610 | ) |     |   | (70,600 | ) |
| Other income                                 |     |   |  419,197 |   |     |   |  10,832 |   |
| Other expenses                               |     |   | (310,698 | ) |     |   | (38,128 | ) |
| Total other income, net                      |     | $ |  319,950 |   |     | $ |  39,328 |   |

Net income (loss) As a result of the foregoing, we recorded net income of approximately $0.84million for the fiscal year ended June30, 2024 compared to a net loss of approximately $0.27million for the fiscal year ended June30, 2023. Liquidity and Capital Resources Primary Sources and Uses of Liquidity Our primary sources of liquidity consist of existing cash balances, cash flows from our operating activities and availability under our revolving credit facility, which is a type of committed credit facility that allows the borrower to borrow on an ongoing basis while repaying the balance in regular payments.