Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 137

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 137
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 repayment of long -termborrowings from related parties of $3.04million, and payments to related parties of approximately $3.47million; and net proceeds received from long -termborrowing of approximately $0.42million. 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. Net cash used in financing activities was approximately $0.53million for the fiscal year ended June30, 2023, which was primarily attributable to the net proceeds of approximately $8.15million received from short -termborrowings from bank facilities, the net repayments of short -termborrowings of approximately $6.74million, net proceeds received from related parties of approximately $4.51million, and payments to related parties of approximately $6.46million. Contractual Obligations There were no significant contractual obligations and commercial commitments as of December31, 2024, June30, 2024 and 2023, 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 a 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 December 31, 2024, 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 six months ended December31, 2024 and 2023, we spent approximately $0.77million and $0.35million on R&D expenses, respectively. For the fiscal year