Company: XXC
Filing Date: 2025-11-28
Form Type: POS AM
Source: 0001213900-25-115625
Chunk: 279

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-28
Form: POS AM
Chunk 279
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 | ) |     |   | (38,128 | ) |
| Total other income, net                      |     | $ | 1,285,837 |   |     | $ |  319,950 |   |     | $ |  39,328 |   |

NOTE 20 — CUSTOMER AND SUPPLIER CONCENTRATIONS Significant customers and suppliers are those that account for greater than 10% of the Company’s revenues and purchases. The Company sold a substantial portion of its products to one customer who accounted for approximately 18.20% of total sales during the fiscal year ended June 30, 2025. As of June 30, 2025, the receivable due from this customer was $ 4,876,568, representing 51.32% of total accounts receivable. Other significant concentration of accounts receivable included another customer, who accounted for approximately 16.72% of total accounts receivable for the fiscal year ended June 30, 2025.

F-22

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 20 — CUSTOMER AND SUPPLIER CONCENTRATIONS (cont.) The Company sold a substantial portion of its products to two customers who accounted for approximately 40.65% and 10.08%, respectively, of total sales during the fiscal year ended June 30, 2024. As of June 30, 2024, the receivable due from these customers was $ 4,999,459and $ 0, respectively, representing 54.50% of total accounts receivable. Other significant concentration of accounts receivable included two other customers, who accounted for an aggregate of 35.84% of total accounts receivable for the fiscal year ended June 30, 2024. The Company sold a substantial portion of its products to one customer who accounted for approximately 37.02% of total sales during the fiscal year ended June 30, 2023. As of June 30, 2023, the receivable due from this customer was $ 891,784, representing 17.92% of total accounts receivable. Other significant concentration of accounts receivable included another customer, who accounted for approximately 80.35% of total accounts receivable for the fiscal year ended June 30, 2023. The loss of the significant customer or the failure to attract new customers could have a material adverse effect