Company: XXC
Filing Date: 2025-09-18
Form Type: F-1/A
Source: 0001213900-25-089077
Chunk: 128

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-18
Form: F-1/A
Chunk 128
---
 |
| 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. Our ability to generate sufficient cash flow from our operating activities is primarily dependent on our sales of copper products to our customers at sufficient margins to cover fixed and variable expenses.

76 As of December31, 2024, June 30, 2024 and 2023, we had cash of $551,178, $573,839 and $24,621, respectively. We believe that our current cash, cash to be generated from our operations and access to financing from our related parties will be sufficient to meet our working capital needs for at least the next twelve months. However, we do not have any amounts committed to being provided by our related party. We are also not dependent upon this offering to meet our liquidity needs for the next twelve months. Substantially all our operations are conducted in China and substantially all our revenues, expense, cash and cash equivalents are denominated in Renminbi (RMB). RMB is subject to the exchange control regulation in China, and, as a result, we may have difficulty distributing any dividends outside of China due to PRC exchange control regulations that restrict our ability to convert RMB into U.S. Dollars. Accounts Receivable Accounts receivables are recognized