Company: XXC
Filing Date: 2025-11-28
Form Type: POS AM
Source: 0001213900-25-115625
Chunk: 124

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-28
Form: POS AM
Chunk 124
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70 Investing Activities: Net cash used in investing activities was approximately $0.64 million for the fiscal year ended June30, 2025, which was primarily attributable to the acquisition of fixed assets during the fiscal year. Net cash used in investing activities was approximately $2.09million for the fiscal year ended June30, 2024, which was primarily attributable to the acquisition of fixed assets during the fiscal year. Financing Activities: Net cash provided by financing activities was approximately $5.14 million for the fiscal year ended June30, 2025, which was primarily attributable to the net proceeds received from short -termborrowings with an approximately amount of $13.51 million, the net repayments of short -termborrowings of approximately $9.38 million, net proceeds received from related parties of $7.35 million, and payments to related parties of approximately $6.34 million. Net cash used in financing activities was approximately $0.65million for the fiscal year ended June30, 2024, which was primarily attributable to net proceeds received from short -termborrowings of approximately $0.51million from bank facilities and proceeds of long -termborrowings of approximately $0.55million from bank facilities, partially offset by net repayment to related parties of approximately $1.72million. Contractual Obligations There were no significant contractual obligations and commercial commitments as of June30, 2025 and 2024, other than our short -termborrowings as disclosed under “— Credit Facility.” Trend Information Other than as disclosed in this prospectus, we are not aware of any trends, uncertainties, demands, commitments or events for the current fiscal year that are reasonably likely to have a material effect on our net revenues, income, profitability, liquidity or capital reserves, or that caused the disclosed financial information to be not necessarily indicative of future operating results or financial conditions. Research and Development The Company is committed to investing in R&D activities, and currently has an R&D team consisting of 43 personnel, including 18 experienced engineers and 25 technicians. Starting from the latter half of 2022, our R&D team has been dedicated to the R&D of soft and hard connection copper bars for use in electric vehicle battery packs. As of June30, 2025, we launched three new production lines and commenced large -scaleproduction and supply to our customers, enhancing our operational efficiency and capacity to meet growing demand. For the fiscal years ended June30, 2025 and